About IT Grids (India) Private Limited
Data last updated:
IT Grids (India) Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Softlabs Na Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2010PTC066875. Its GSTIN is 36AACCI2237E2ZX (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹19.33 Lakh. It is led by directors Ashok Dakavaram and Dakavaram Srilakshmi Kumari.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.45 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.87 Lakh (net margin 4%) and EBITDA of ₹10.75 Lakh (EBITDA margin 7.4%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IT Grids.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website itgrids.com.
CIN History of IT Grids (India) Private Limited
IT Grids (India) has one previous CIN (Corporate Identification Number): U72200AP2010PTC066875. The current CIN is U72200TG2010PTC066875, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2010PTC066875 | Current |
| U72200AP2010PTC066875 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot – 538 5th Floor Krishna Heights Ayyappa Society Khanamet Madhapur Seril, Ingampally, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands with IT Grids (India) Private Limited
IT Grids (India) operates one associated brand: IT Grids. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom software development services tailored to client needs. | itgrids.com |
Business Activity of IT Grids (India) Private Limited
The main business activity of IT Grids (India) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of IT Grids (India) Private Limited FY 2018 filings available
IT Grids (India) Private Limited reported revenue of ₹1.45 Cr (up 3% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of IT Grids (India) Private Limited
Revenue rose 3% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 34% 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 IT Grids (India) Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.45 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.75 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.87 Lakh | •••• | •••• | •••• |
| 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 of IT Grids (India) Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.4% | •••• | •••• | •••• |
| Net Profit Margin | 4% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of IT Grids (India) 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.
Board of Directors of IT Grids (India) Private Limited
IT Grids (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Dakavaram Also directs: Percepta Advisory Group Private Limited | Director | 02 Feb 2010 | 16 Years 8 Months | Current |
| Dakavaram Srilakshmi Kumari Also directs: Percepta Advisory Group Private Limited | Director | 20 Jun 2012 | 14 Years 4 Months | Current |
Peer Comparison of IT Grids (India) Private Limited
IT Grids (India) Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zitrominds India Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | •••• | Gautam Buddha Nagar, Uttar Pradesh, India | |
| Ida IT Services Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 157.0% | •••• | Hyderabad, Telangana, India |
| Pioneer Digi Solutions Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 11656.0% | •••• | Gurgaon, Haryana, India |
| Simul Digital Private Limited | ₹1.45 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Jodhpur, Rajasthan, India |
| Maticore Technologies Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Ahmedabad, Gujarat, India |
| IT Grids (India) Private Limited this company | ₹1.45 Cr (FY 2018) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Mindvera Tech Labs Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 706.0% | •••• | Hyderabad, Telangana, India |
| Diverse Networks Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Lucknow, Uttar Pradesh, India |
| Sara HR Consultants Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Thane, Maharashtra, India |
| Competitive Communication Services Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 126.0% | •••• | Bhopal, Madhya Pradesh, India |
| Goldbrook Enterprises Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below IT Grids (India) by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of IT Grids (India) Private Limited
IT Grids (India) Private Limited is audited by S B S AND COMPANY LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S B S AND COMPANY LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of IT Grids (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of IT Grids (India) Private Limited
IT Grids (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at IT Grids (India) Private Limited
Employment history and EPFO contributions of people linked to IT Grids (India).
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 IT Grids (India) Private Limited
IT Grids (India) Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Narender Thota ceased to be Director on 11 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for IT Grids (India) Private Limited
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 IT Grids (India) Private Limited
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 IT Grids (India) Private Limited
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 IT Grids (India) Private Limited
IT Grids (India) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCI2237E2ZX | Telangana | Active | 29 Nov 2017 |
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 IT Grids (India) Private Limited
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.
Related news about IT Grids (India) Private Limited
Frequently Asked Questions about IT Grids (India) Private Limited
IT Grids (India) is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 02 February 2010 (16+ years old) and is registered under CIN U72200TG2010PTC066875.
IT Grids (India) reported revenue of ₹1.45 Cr for FY 2018 (up 3% YoY).
IT Grids (India) has 2 current directors:
- Ashok Dakavaram - Director
- Dakavaram Srilakshmi Kumari - Director
IT Grids (India) reported a net profit of ₹5.87 Lakh (net margin 4%) and EBITDA of ₹10.75 Lakh (EBITDA margin 7.4%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of IT Grids (India) is -11% over three years. In the latest year (FY 2018) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of IT Grids (India) is 36AACCI2237E2ZX, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of IT Grids (India) is U72200TG2010PTC066875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IT Grids (India) was incorporated on 02 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of IT Grids (India) by revenue are Zitrominds India Private Limited, Ida IT Services Private Limited, Pioneer Digi Solutions Private Limited, Simul Digital Private Limited, Maticore Technologies Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Narender Thota ceased to be Director on 11 Dec 2019. Balaji Kapa ceased to be Director on 03 Jul 2018. Shaik Muneer Basha ceased to be Director on 03 Jul 2018. IT Grids (India) has 6 board changes on record in total.
IT Grids (India) can be reached through the website itgrids.com. Its registered office is in Hyderabad, Telangana, India.