About Intuit India Software Solutions Private Limited
Data last updated:
Intuit India Software Solutions Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Intuit India Product Development Centre Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 06 October 2008.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U52500KA2008PTC047952. Its GSTIN is 29AABCI9865R1ZF (Karnataka).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.05 Cr. It was formerly known as Intuit India Sales Marketing Private Limited. It was led by directors including Tyler Ralph Cozzens and Saurabh Saxena.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 4A Pritech Park (Ecospace) 4th Floor Bellandur Village Varthur Hobli, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.7 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Cr (net margin 102.3%) and EBITDA of ₹1.71 Cr (EBITDA margin 100.9%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 51% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Aviation Billing Solution and Intuit. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹84.1 Cr; the latest was in July 2014. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 14 overdue payments to 6 micro and small suppliers.
The last known website on record is intuit.com.
Company details
CIN history
Intuit India Software Solutions has one previous CIN (Corporate Identification Number): U52399KA2008PTC047952. The current CIN is U52500KA2008PTC047952, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52500KA2008PTC047952 | Current |
| U52399KA2008PTC047952 | Previous |
Contact details
Intuit India Software Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is intuit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4A Pritech Park (Ecospace) 4th Floor Bellandur Village Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Intuit India Software 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
Brands
Intuit India Software Solutions operates two associated brands: Aviation Billing Solution and Intuit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud-based revenue management and billing solutions for the aviation industry. | aviationbillingsolution.com | |
| Financial and accounting software is developed for businesses and individuals. | intuit.com |
Financials of Intuit India Software Solutions Private Limited
FY 2024 filings availableIntuit India Software Solutions Private Limited reported revenue of ₹1.7 Cr (down 77% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 77% fall in the latest year. EBITDA fell 7% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 100.9% | ||||
| Net Profit Margin | 102.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Intuit India Software Solutions Private Limited, buy the company report.
Board of directors of Intuit India Software Solutions Private Limited
Intuit India Software Solutions has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tyler Ralph Cozzens | Director | 26 Jul 2018 | 8 Years 3 Months | As last reported |
| Saurabh Saxena | Director | 29 Apr 2021 | 5 Years 6 Months | As last reported |
| Santhosh Kumar | Director | 26 Sep 2018 | 8 Years 1 Months | As last reported |
| Gavin Anthony Buckley | Director | 07 Nov 2023 | 3 Years 0 Months | As last reported |
Auditor
Intuit India Software Solutions Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Intuit India Software Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Intuit India Software Solutions Private Limited, buy the company report.
Deals & funding
Intuit India Software Solutions Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹84.1 Cr; the latest was in July 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Funding round | ₹84.1 Cr | Investors: Intuit Singapore Pte Ltd |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Intuit Inc Seller: Intuit Ventures Inc |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Intuit India Software Solutions Private Limited has 2 court cases on record: 2 filed by Intuit India Software Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Intuit India Software 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
Intuit India Software Solutions Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 14 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Exotel Techcom Private Limited | |||
| Timesol Facility Management Private Limited | |||
| SSB & Associates | |||
| Goodlife Project Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Intuit India Software Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Intuit India Software Solutions Private Limited has a workforce of 1 employees on its EPFO records as of Jul 2022.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 1 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Intuit India Software Solutions Private Limited, buy the company report.
GST
Intuit India Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI9865R1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Intuit India Software Solutions Private Limited, buy the company report.
Recent activity
Intuit India Software Solutions Private Limited has 30 board changes on record since 2008: 17 appointments and 13 cessations. The latest: Gavin Anthony Buckley was appointed as Director on 07 Nov 2023.
21 earlier events are in the company report.
News
Frequently asked questions
Intuit India Software Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Intuit India Software Solutions was a private limited company based in Bangalore, Karnataka, India. The company worked in IT products retail and distribution, within the information technology industry. It was incorporated on 06 October 2008 and is registered under CIN U52500KA2008PTC047952. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Intuit India Software Solutions was incorporated on 06 October 2008. It is registered with the Registrar of Companies, Bangalore.
Intuit India Software Solutions had 4 directors:
- Tyler Ralph Cozzens - Director
- Saurabh Saxena - Director
- Santhosh Kumar - Director
- Gavin Anthony Buckley - Director
The CIN (Corporate Identification Number) of Intuit India Software Solutions is U52500KA2008PTC047952. 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 Intuit India Software Solutions is at 4A Pritech Park Ecospace 4th Floor Bellandur Village Varthur Hobli, Bangalore, Karnataka, India – 560103.
Intuit India Software Solutions can be reached through the website intuit.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Intuit India Software Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Intuit India Software Solutions is 29AABCI9865R1ZF, registered in Karnataka.
Intuit India Software Solutions operated in the information technology industry, in the IT products retail and distribution segment.
Intuit India Software Solutions has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹84.1 Cr; the latest was in July 2014.
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