About Karecard Solutions Private Limited
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Karecard Solutions Private Limited is a private limited company based in Secunderabad, Telangana, India. It operates in the business process outsourcing sector. It was incorporated on 17 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U52100TG2008PTC059684. Its GSTIN is 36AADCK4618E1ZQ (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mali Mohammed Shafi and Samson Prem Raj Purre.
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 is at Secunderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.38 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹12.33 Lakh (net margin -8.9%) and EBITDA of -₹14.15 Lakh (EBITDA margin -10.2%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 33% over five years.
The company is associated with 1 brand: KareCard. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karecardsolutions.com.
Company details
CIN history
Karecard Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U52100TG2008PTC059684, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52100TG2008PTC059684 | Current |
| U74999AP2008PTC059684 | Previous |
| U74999TG2008PTC059684 | Previous |
Contact details
Karecard Solutions Private Limited's registered office is in Secunderabad, Telangana. Its website is karecardsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5th Floor Flat No. 501 6 – 3 – 1216/29, Plot No. 29, Secunderabad, Telangana, India – 500016
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Karecard 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
Karecard Solutions operates one associated brand: KareCard. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart card trading and human resource services in India. | karecardsolutions.com |
Financials of Karecard Solutions Private Limited
FY 2024 filings availableKarecard Solutions Private Limited reported revenue of ₹1.38 Cr (up 918% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 918% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 33%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.38 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹14.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.33 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.2% | ||||
| Net Profit Margin | -8.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Karecard Solutions Private Limited, buy the company report.
Board of directors of Karecard Solutions Private Limited
Karecard Solutions has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mali Mohammed Shafi Also directs: Sfon Technologies LLP | Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Samson Prem Raj Purre Also directs: Unitas Business Services Private Limited | Additional Director | 09 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Karecard Solutions Private Limited is audited by Kalyan & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kalyan & Associates | FY 2023 | 016516S |
Shareholding
The shareholding of Karecard 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 Karecard Solutions Private Limited, buy the company report.
Legal cases
Karecard Solutions Private Limited has 2 court cases on record: 2 filed by Karecard Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against The State of Telangana and 3 others | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against Gurus India, Aproprietorship Firm | Disposed |
To see the full case history of Karecard 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 Karecard Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karecard Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCK4618E1ZQ | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karecard Solutions Private Limited, buy the company report.
Recent activity
Karecard Solutions Private Limited has 14 board changes on record since 2008: 2 appointments and 12 cessations. The latest: Samson Prem Raj Purre was appointed as Additional Director on 09 Nov 2024.
5 earlier events are in the company report.
Frequently asked questions
Karecard Solutions is an active private limited company based in Secunderabad, Telangana, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 17 June 2008 (18+ years old) and is registered under CIN U52100TG2008PTC059684.
Karecard Solutions has 2 current directors:
- Mali Mohammed Shafi - Director
- Samson Prem Raj Purre - Additional Director
The latest financial statements of Karecard 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 Karecard Solutions is 36AADCK4618E1ZQ, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Karecard Solutions is U52100TG2008PTC059684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karecard Solutions has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Karecard Solutions was incorporated on 17 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Hyderabad.
Samson Prem Raj Purre was appointed as Additional Director on 09 Nov 2024. Michael Jassawala ceased to be Additional Director on 01 Apr 2024. Mali Mohammed Shafi ceased to be Additional Director on 26 Nov 2023. Karecard Solutions has 14 board changes on record in total.
Karecard Solutions can be reached through the website karecardsolutions.com. Its registered office is in Secunderabad, Telangana, India.
The registered office of Karecard Solutions is at 5th Floor Flat No. 501 6 – 3 – 121629, Plot No. 29, Secunderabad, Telangana, India – 500016.