About Sphata Systems Private Limited
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Sphata Systems Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 19 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2008PTC069350. Its GSTIN is 29AABCI9529E1ZD (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Iradcle Solutions Private Limited. It is led by directors Venkateswara Rao Vaddineni and Saranya.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 23 Nagathamman Koil St 12th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2020, the company reported a revenue of ₹98.25 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹10.67 Lakh (net margin -10.9%) and EBITDA of ₹1.98 Lakh (EBITDA margin 2%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 14% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sphata.com.
Company details
Contact details
Sphata Systems Private Limited's registered office is in Chennai, Tamil Nadu. Its website is sphata.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23 Nagathamman Koil St 12th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Sphata Systems 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
Business activity
The main business activity of Sphata Systems 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 |
Financials of Sphata Systems Private Limited
FY 2021 filings availableSphata Systems Private Limited reported revenue of ₹98.25 Lakh (down 53% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 53% fall in the latest year. EBITDA fell 96% 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
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| EBITDA | ₹1.98 Lakh | ||||
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| Net Profit (PAT) | -₹10.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 2% | ||||
| Net Profit Margin | -10.9% | ||||
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To see the full financial statements and ratios of Sphata Systems Private Limited, buy the company report.
Board of directors of Sphata Systems Private Limited
Sphata Systems 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 |
|---|---|---|---|---|
| Venkateswara Rao Vaddineni Also directs: Healtho5 Solutions Private Limited | Director | 19 Sep 2008 | 18 Years 1 Months | Current |
| Saranya | Director | 19 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Sphata Systems Private Limited is audited by PINCHA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PINCHA & CO | FY 2018 | 009914S |
Shareholding
The shareholding of Sphata Systems Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Sphata Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sphata Systems 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 Sphata Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sphata Systems Private Limited has a workforce of 11 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sphata Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI9529E1ZD | Karnataka | Active | 10 Oct 2017 |
To see the full GST registrations and return filing status of Sphata Systems Private Limited, buy the company report.
Recent activity
Sphata Systems Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Kousik Rajendran ceased to be Director on 30 May 2020.
Frequently asked questions
Sphata Systems is an active private limited company based in Chennai, Tamil Nadu, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 19 September 2008 (18+ years old) and is registered under CIN U72200TN2008PTC069350.
Sphata Systems has 2 current directors:
- Venkateswara Rao Vaddineni - Director
- Saranya - Director
The latest financial statements of Sphata Systems on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Sphata Systems is 29AABCI9529E1ZD, registered in Karnataka. 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 Sphata Systems is U72200TN2008PTC069350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sphata Systems was incorporated on 19 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
Kousik Rajendran ceased to be Director on 30 May 2020. Saranya ceased to be Additional Director on 30 Sep 2019. Saranya was appointed as Director on 19 Feb 2019. Sphata Systems has 8 board changes on record in total.
Sphata Systems can be reached through the website sphata.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Sphata Systems is at 23 Nagathamman Koil St 12th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
Sphata Systems operates in the business outsourcing industry, in the HR outsourcing and talent management segment.