About Portware India Private Limited
Data last updated:
Portware India Private Limited was a foreign private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Portware Llc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 25 September 2009.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2009FTC065207. Its GSTIN is 36AAFCP1878F1Z9 (Telangana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹58.92 Lakh. It was led by directors Ghiridharan Surendran and Venkatraghavan.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2017, the company reported a revenue of ₹16.64 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.73 Cr (net margin 10.4%) and EBITDA of ₹2.19 Cr (EBITDA margin 13.2%).
The company had about 103 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Portware.
The last known website on record is portware.com.
Company details
CIN history
Portware India has one previous CIN (Corporate Identification Number): U72200AP2009FTC065207. The current CIN is U72200TG2009FTC065207, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2009FTC065207 | Current |
| U72200AP2009FTC065207 | Previous |
Contact details
Portware India Private Limited's registered office is in Hyderabad, Telangana. Its website is portware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address404 4th Floor Building # 14 Survey No: 64(Part) Mind Space Cyberabad Project Hitech Cit, Y Madhapur, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Portware India 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
Portware India operates one associated brand: Portware. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Automated trading solutions for global equities and FX are offered. | portware.com |
Business activity
The main business activity of Portware India 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 Portware India Private Limited, buy the company report.
Financials of Portware India Private Limited
FY 2017 filings availablePortware India Private Limited reported revenue of ₹16.64 Cr (up 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA fell 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2.19 Cr | ||
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| Net Profit (PAT) | ₹1.73 Cr | ||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 13.2% | ||
| Net Profit Margin | 10.4% | ||
| Return on Equity (ROE) | |||
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To see the full financial statements and ratios of Portware India Private Limited, buy the company report.
Board of directors of Portware India Private Limited
Portware India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghiridharan Surendran | Director | 19 Dec 2012 | 13 Years 10 Months | As last reported |
| Venkatraghavan Also directs: Factset Systems India Private Limited | Director | 06 Oct 2016 | 10 Years 0 Months | As last reported |
Auditor
Portware India Private Limited is audited by SRINIVAS B AND ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRINIVAS B AND ASSOCIATES | FY 2016 | 014447S |
Shareholding
The shareholding of Portware India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Portware India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Portware India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Portware India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Portware India Private Limited has a workforce of 103 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Portware India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCP1878F1Z9 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Portware India Private Limited, buy the company report.
Recent activity
Portware India Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Venkatraghavan ceased to be Additional Director on 30 Sep 2017.
News
Frequently asked questions
Portware India 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.
Portware India was a foreign private limited company based in Hyderabad, Telangana, India. The company worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 25 September 2009 and is registered under CIN U72200TG2009FTC065207. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Portware India was incorporated on 25 September 2009. It is registered with the Registrar of Companies, Hyderabad.
Portware India had 2 directors:
- Ghiridharan Surendran - Director
- Venkatraghavan - Director
The CIN (Corporate Identification Number) of Portware India is U72200TG2009FTC065207. 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 Portware India is at 404 4th Floor Building # 14 Survey No: 64Part Mind Space Cyberabad Project Hitech Cit, Y Madhapur, Hyderabad, Telangana, India – 500081.
Portware India can be reached through the website portware.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Portware India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Portware India is 36AAFCP1878F1Z9, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Portware India operated in the information technology industry, in the electronic components and equipment manufacturing segment.