About Idac Solutions Private Limited
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Idac Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the facility management segment of the business services sector. It was incorporated on 12 August 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2011PTC059973. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Nithin Shabbir and Aashiqa Nithin.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at No – 1 Daffodils Regency F – B Kundaswamy Mudaliar Road Richards Town, Bangalore, Karnataka, India – 560005.
As per the financials filed for FY 2016, the company reported a revenue of ₹15.75 Cr, a growth of 141% compared to the previous year. For the same year it recorded a net loss of ₹19.62 Cr (net margin -124.6%) and EBITDA of -₹18.93 Cr (EBITDA margin -120.2%).
Court records list 4 cases involving the company, including 4 filed by the company.
The last known website on record is idacsolutions.in.
Company details
Contact details
Idac Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is idacsolutions.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo – 1 Daffodils Regency F – B Kundaswamy Mudaliar Road Richards Town, Bangalore, Karnataka, India – 560005
- IndustryBusiness Services, Facility Management
To see the full contact details of Idac Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Idac Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Idac Solutions Private Limited, buy the company report.
Financials of Idac Solutions Private Limited
FY 2016 filings availableIdac Solutions Private Limited reported revenue of ₹15.75 Cr (up 141% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 141% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹15.75 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹18.93 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹19.62 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -120.2% | |
| Net Profit Margin | -124.6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Idac Solutions Private Limited, buy the company report.
Board of directors of Idac Solutions Private Limited
Idac Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nithin Shabbir | Director | 12 Aug 2011 | 15 Years 2 Months | As last reported |
| Aashiqa Nithin | Director | 12 Mar 2013 | 13 Years 7 Months | As last reported |
Auditor
Idac Solutions Private Limited is audited by Suvarna & Katdare for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suvarna & Katdare | FY 2016 | 125080W |
Shareholding
The shareholding of Idac Solutions Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Idac Solutions Private Limited, buy the company report.
Legal cases
Idac Solutions Private Limited has 4 court cases on record: 4 filed by Idac Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against NDPS Computers Pvt. Ltd., and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against NDPS Computers Pvt. Ltd., and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Idac Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Idac Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Idac Solutions Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Idac Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Idac Solutions Private Limited, buy the company report.
Recent activity
Idac Solutions Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Shabbir Ahmed Fakir Kundapur ceased to be Additional Director on 24 Jan 2017.
Frequently asked questions
Idac Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Idac Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in facility management, within the business services industry. It was incorporated on 12 August 2011 and is registered under CIN U74900KA2011PTC059973. The company has been struck off by the Registrar of Companies and is no longer operational.
Idac Solutions had 2 directors:
- Nithin Shabbir - Director
- Aashiqa Nithin - Director
The CIN (Corporate Identification Number) of Idac Solutions is U74900KA2011PTC059973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Idac Solutions is at No – 1 Daffodils Regency F – B Kundaswamy Mudaliar Road Richards Town, Bangalore, Karnataka, India – 560005.
Idac Solutions was incorporated on 12 August 2011. It is registered with the Registrar of Companies, Bangalore.
Idac Solutions can be reached through the website idacsolutions.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Idac Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Idac Solutions has 1 GST registration on record and it is cancelled or inactive.
Idac Solutions operated in the business services industry, in the facility management segment. It worked in this industry before it was struck off.
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