About Srius Business Solutions Private Limited
Data last updated:
Srius Business Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 14 December 2009.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2009PTC066263. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kasi Annapurna Gummadi and Gummadi Rao Chandrasekhar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.520 Road No.27 Near Mcr Hrd Institute Jubilee Hills, Hyderabad, Telangana, India – 500033.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.51 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹18.02 Lakh (net margin -7.2%) and EBITDA of -₹11.49 Lakh (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 10% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Indus Business Systems and Srius. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The last known website on record is srius.net.
Company details
CIN history
Srius Business Solutions has one previous CIN (Corporate Identification Number): U72200AP2009PTC066263. The current CIN is U72200TG2009PTC066263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2009PTC066263 | Current |
| U72200AP2009PTC066263 | Previous |
Contact details
Srius Business Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is srius.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.520 Road No.27 Near Mcr Hrd Institute Jubilee Hills, Hyderabad, Telangana, India – 500033
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Srius 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
Srius Business Solutions operates two associated brands: Indus Business Systems and Srius. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides workflow automation solutions for life science research, compliance, and resource management. | indussoftware.com | |
| Delivers comprehensive software development services for the pharmaceutical industry. | srius.net |
Business activity
The main business activity of Srius 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 Srius Business Solutions Private Limited, buy the company report.
Financials of Srius Business Solutions Private Limited
FY 2022 filings availableSrius Business Solutions Private Limited reported revenue of ₹2.51 Cr (down 47% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 47% fall in the latest year. EBITDA fell 232% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹11.49 Lakh | ||||
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| Net Profit (PAT) | -₹18.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -4.6% | ||||
| Net Profit Margin | -7.2% | ||||
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To see the full financial statements and ratios of Srius Business Solutions Private Limited, buy the company report.
Board of directors of Srius Business Solutions Private Limited
Srius Business Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kasi Annapurna Gummadi Also directs: Indus Business Systems Limited | Director | 03 Jun 2011 | 15 Years 5 Months | As last reported |
| Gummadi Rao Chandrasekhar | Director | 03 Apr 2019 | 7 Years 7 Months | As last reported |
Auditor
Srius Business Solutions Private Limited is audited by KALI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALI & CO | FY 2020 | 001667S |
Shareholding
The shareholding of Srius Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Srius Business Solutions Private Limited, buy the company report.
Legal cases
Srius Business Solutions Private Limited has 3 court cases on record: 3 filed by Srius Business Solutions. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 0 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Hyderabad | Insolvency matter | Filed by the company | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Srius 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
No delayed payments to MSME suppliers are on our record for Srius Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Srius Business Solutions has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indus Business Systems Limited | U40106TG1996PLC022929 |
To see the full group structure of Srius Business Solutions Private Limited, buy the company report.
GST
Srius Business Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Srius Business Solutions Private Limited, buy the company report.
Recent activity
Srius Business Solutions Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Gummadi Rao Chandrasekhar ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Srius Business Solutions is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Srius Business Solutions is a company under insolvency, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 14 December 2009 and is registered under CIN U72200TG2009PTC066263. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Srius Business Solutions has 2 current directors:
- Kasi Annapurna Gummadi - Director
- Gummadi Rao Chandrasekhar - Director
The latest financial statements of Srius Business Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Srius Business Solutions is U72200TG2009PTC066263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Srius Business Solutions has 3 court cases on record: 3 filed by the company. 1 is pending.
Srius Business Solutions was incorporated on 14 December 2009. It is registered with the Registrar of Companies, Hyderabad.
Gummadi Rao Chandrasekhar ceased to be Additional Director on 30 Sep 2019. Sundara Rao Gummadi ceased to be Director on 13 Apr 2019. Gummadi Rao Chandrasekhar was appointed as Director on 03 Apr 2019. Srius Business Solutions has 7 board changes on record in total.
Srius Business Solutions can be reached through the website srius.net. Its registered office is in Hyderabad, Telangana, India.
The registered office of Srius Business Solutions is at Plot No.520 Road No.27 Near Mcr Hrd Institute Jubilee Hills, Hyderabad, Telangana, India – 500033.
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