About Keystone Business Solutions Private Limited
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Keystone Business Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Teamlease Digital 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 application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 November 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2009PTC304689. Its GSTIN is 29AABCO5307J1ZC (Karnataka). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.26 Lakh. It was led by directors including Alaka Chanda and Rituparna Chakraborty.
Its last annual general meeting (AGM) was held on 08 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.38 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹9.61 Lakh (net margin -7%) and EBITDA of ₹32.41 Lakh (EBITDA margin 23.6%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 34% over five years.
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Keystone World and TeamLease. Court records list 3 cases involving the company, including 3 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in January 2017. Its 4 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Jemysto Tech Private Limited with revenue of ₹1.38 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2023, listing 4 overdue payments to 3 micro and small suppliers.
The last known website on record is teamlease.com.
Company details
CIN history
Keystone Business Solutions has one previous CIN (Corporate Identification Number): U72200KA2009PTC051657. The current CIN is U72200MH2009PTC304689, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2009PTC304689 | Current |
| U72200KA2009PTC051657 | Previous |
Contact details
Keystone Business Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is teamlease.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No 6 3rd Floor C Wing Laxmi Towers Bandra Kurla Complex Bandra, (E), Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Keystone Business 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
Keystone Business Solutions operates two associated brands: Keystone World and TeamLease. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology solutions and services provider | keystone-world.com | |
| Staffing and recruiting services connect employers with job candidates. | teamlease.com |
Business activity
The main business activity of Keystone Business Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Keystone Business Solutions Private Limited, buy the company report.
Financials of Keystone Business Solutions Private Limited
FY 2023 filings availableKeystone Business Solutions Private Limited reported revenue of ₹1.38 Cr (down 78% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 78% fall in the latest year. EBITDA rose 193% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹32.41 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.61 Lakh | ||||
| Balance Sheet | |||||
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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 | 23.6% | ||||
| Net Profit Margin | -7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Keystone Business Solutions Private Limited, buy the company report.
Board of directors of Keystone Business Solutions Private Limited
Keystone Business Solutions has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alaka Chanda Also directs: Teamlease Hrtech Private Limited, Teamlease Digital Private Limited, TSR Darashaw HR Services Private Limited and 2 more | Director | 23 Mar 2021 | 5 Years 7 Months | As last reported |
| Rituparna Chakraborty | Director | 23 Mar 2021 | 5 Years 7 Months | As last reported |
| Ramani Dathi Also directs: Teamlease Hrtech Private Limited, Teamlease Digital Private Limited, TSR Darashaw HR Services Private Limited and 5 more | Director | 21 Jan 2019 | 7 Years 9 Months | As last reported |
Peer comparison
Keystone Business Solutions Private Limited is compared with the 4 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jemysto Tech Private Limited | ₹1.38 Cr (FY 2025) | 74.0% | Tirunelveli, Tamil Nadu, India | |||
| Ikya Software Solutions Private Limited | ₹1.38 Cr (FY 2018) | 41.0% | Hyderabad, Telangana, India | |||
| Keystone Business Solutions Private Limitedthis company | ₹1.38 Cr (FY 2023) | -₹9.61 Lakh | -7% | -78.0% | 12 | Mumbai, Maharashtra, India |
| Creoinvent Technologies Private Limited | ₹1.37 Cr (FY 2015) | 276.0% | Pune, Maharashtra, India | |||
| Athais Technosoft Private Limited | ₹1.37 Cr (FY 2025) | 92.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Keystone Business Solutions Private Limited, buy the company report.
Auditor
Keystone Business Solutions Private Limited is audited by Name of audit firm Narayanan, Patil and Ramesh for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Name of audit firm Narayanan, Patil and Ramesh | FY 2022 | 002395S |
Shareholding
The shareholding of Keystone Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Keystone Business Solutions Private Limited, buy the company report.
Deals & funding
Keystone Business Solutions Private Limited has 1 deal on record (1 acquisition); the latest was in January 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Acquisition | ₹8.18 Cr | Buyer: Teamlease Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Keystone Business Solutions Private Limited has 3 court cases on record: 3 filed by Keystone Business Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (COMP.APPL) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Keystone Business 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
Keystone Business Solutions Private Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 4 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sriramulu Naidu & Co. | |||
| Madhu Infotech (India) Private Limited | |||
| Indu Solutions Private Limited |
To see the full MSME payment records of Keystone Business Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Keystone Business Solutions Private Limited has a workforce of 12 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Keystone Business Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCO5307J1ZC | Karnataka | Active | 01 Jul 2017 |
| 29AABCO5307J2ZB | Karnataka | Active | 09 Jun 2020 |
To see the full GST registrations and return filing status of Keystone Business Solutions Private Limited, buy the company report.
Recent activity
Keystone Business Solutions Private Limited has 17 board changes on record since 2010: 3 appointments and 14 cessations. The latest: Alaka Chanda ceased to be Additional Director on 25 Aug 2021.
8 earlier events are in the company report.
News
Frequently asked questions
Keystone Business 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.
Keystone Business Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 27 November 2009 and is registered under CIN U72200MH2009PTC304689. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Keystone Business Solutions was incorporated on 27 November 2009. It is registered with the Registrar of Companies, Mumbai.
Keystone Business Solutions had 3 directors:
- Alaka Chanda - Director
- Rituparna Chakraborty - Director
- Ramani Dathi - Director
The CIN (Corporate Identification Number) of Keystone Business Solutions is U72200MH2009PTC304689. 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 Keystone Business Solutions is at Office No 6 3rd Floor C Wing Laxmi Towers Bandra Kurla Complex Bandra, E, Mumbai, Maharashtra, India – 400051.
Keystone Business Solutions can be reached through the website teamlease.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Keystone Business Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 08 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Keystone Business Solutions is 29AABCO5307J1ZC, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AABCO5307J2ZB (Karnataka).
Keystone Business Solutions operated in the information technology industry, in the application development and software solutions segment.
Keystone Business Solutions has 1 deal on record (1 acquisition); the latest was in January 2017.
The peers of Keystone Business Solutions by revenue are Jemysto Tech Private Limited, Ikya Software Solutions Private Limited, Creoinvent Technologies Private Limited, Athais Technosoft Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
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