Ib Business Services LLP
About Ib Business Services LLP
Data last updated:
Ib Business Services LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 09 August 2011 and has been in existence for over 15 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAA-5892. Its GSTIN is 29AADFI5270K1Z2 (Karnataka). The LLP holds 2 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Ranga Narasimhaiah and Subramanian Viswanathan.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at No. 25/25 1st Floor Benaka Arcade Bel Layout 1st Block Vidyaranyapura, Bangalore, Karnataka, India – 560097.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹17.28 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 6.2%) and EBITDA of ₹1.99 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 20% over five years.
The LLP has about 138 employees on its provident fund (EPFO) records.
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- Registered AddressNo. 25/25 1st Floor Benaka Arcade Bel Layout 1st Block Vidyaranyapura, Bangalore, Karnataka, India – 560097
- IndustryBusiness Outsourcing, Business Process Outsourcing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Financials of Ib Business Services LLP FY 2025 filings available
Ib Business Services LLP reported revenue of ₹17.28 Cr (up 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ib Business Services LLP
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 23% growth in the latest year. EBITDA rose 39% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Ib Business Services LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹1.07 Cr | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ib Business Services LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 6.2% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Ib Business Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Ib Business Services LLP
Ib Business Services has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranga Narasimhaiah Also directs: Ibridge Analysis and Development Private Limited | Designated Partner | 19 Dec 2024 | 1 Years 9 Months | Current |
| Subramanian Viswanathan | Designated Partner | 19 Dec 2024 | 1 Years 9 Months | Current |
Charges & Borrowings of Ib Business Services LLP
Ib Business Services LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ib Business Services LLP
Employment history and EPFO contributions of people linked to Ib Business Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ib Business Services LLP
Ib Business Services LLP has 4 designated partner changes on record since 2024: 2 appointments and 2 cessations. The latest: Johnson Coilpillai ceased to be Designated Partner on 19 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Ib Business Services LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ib Business Services LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ib Business Services LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ib Business Services LLP
Ib Business Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADFI5270K1Z2 | Karnataka | Active | 08 Nov 2017 |
| 33AADFI5270K1ZD | Tamil Nadu | Active | 08 May 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ib Business Services LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ib Business Services LLP
Ib Business Services is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in business process outsourcing, within the business outsourcing industry. It was incorporated on 09 August 2011 (15+ years old) and is registered under LLPIN AAA-5892.
Ib Business Services reported revenue of ₹17.28 Cr for FY 2023 (up 23% YoY).
Ib Business Services has 2 current designated partners:
- Ranga Narasimhaiah - Designated Partner
- Subramanian Viswanathan - Designated Partner
Ib Business Services reported a net profit of ₹1.07 Cr (net margin 6.2%) and EBITDA of ₹1.99 Cr (EBITDA margin 11.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ib Business Services is 8% over three years and 20% over five years. In the latest year (FY 2023) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ib Business Services is 29AADFI5270K1Z2, registered in Karnataka. The LLP has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADFI5270K1ZD (Tamil Nadu).
The LLPIN (Limited Liability Partnership Identification Number) of Ib Business Services is AAA-5892. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Ib Business Services was incorporated on 09 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Johnson Coilpillai ceased to be Designated Partner on 19 Dec 2024. Pranab Dutta Bordoloi ceased to be Designated Partner on 19 Dec 2024. Ranga Narasimhaiah was appointed as Designated Partner on 19 Dec 2024. Ib Business Services has 4 designated partner changes on record in total.
The registered office of Ib Business Services is at No. 2525 1st Floor Benaka Arcade Bel Layout 1st Block Vidyaranyapura, Bangalore, Karnataka, India – 560097.