About Syncordis Software Services India Private Limited
Data last updated:
Syncordis Software Services India Private Limited was a foreign private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Larsen & Toubro Infotech 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 05 August 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2015FTC340700. Its GSTIN is 33AAWCS0539B1ZF (Tamil Nadu). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹45 Lakh and a paid-up capital of ₹45 Lakh. It was led by directors including Balasingh Mathansingh and Kedar Krishna Gadgil.
Its last annual general meeting (AGM) was held on 28 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2020, the company reported a revenue of ₹10.32 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹92.29 Lakh (net margin 8.9%) and EBITDA of ₹2.56 Cr (EBITDA margin 24.8%).
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Syncordis.
The last known website on record is syncordisconsulting.com.
Company details
CIN history
Syncordis Software Services India has one previous CIN (Corporate Identification Number): U72900TN2015FTC101675. The current CIN is U72900MH2015FTC340700, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2015FTC340700 | Current |
| U72900TN2015FTC101675 | Previous |
Contact details
Syncordis Software Services India Private Limited's registered office is in Mumbai, Maharashtra. Its website is syncordisconsulting.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGround Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Syncordis Software Services 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
Syncordis Software Services India operates one associated brand: Syncordis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Consulting services for banks are delivered by Syncordis. | syncordisconsulting.com |
Business activity
The main business activity of Syncordis Software Services 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 Syncordis Software Services India Private Limited, buy the company report.
Financials of Syncordis Software Services India Private Limited
FY 2020 filings availableSyncordis Software Services India Private Limited reported revenue of ₹10.32 Cr (up 43% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 43% in the latest year. EBITDA rose 117% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹2.56 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹92.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.8% | ||||
| Net Profit Margin | 8.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Syncordis Software Services India Private Limited, buy the company report.
Board of directors of Syncordis Software Services India Private Limited
Syncordis Software Services India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasingh Mathansingh | Director | 05 Aug 2015 | 11 Years 3 Months | As last reported |
| Kedar Krishna Gadgil | Director | 30 Aug 2018 | 8 Years 2 Months | As last reported |
| Nachiket Gopal Deshpande | Additional Director | 04 Feb 2021 | 5 Years 9 Months | As last reported |
Peer comparison
Syncordis Software Services India Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Software Services), with 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 |
|---|---|---|---|---|---|---|
| Incresol Software Services Private Limited | ₹10.35 Cr (FY 2024) | 48.0% | Hyderabad, Telangana, India | |||
| Ionidea Enterprise Solutions Private Limited | ₹10.32 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Syncordis Software Services India Private Limitedthis company | ₹10.32 Cr (FY 2020) | ₹92.29 Lakh | 8.9% | 43.0% | 4 | Mumbai, Maharashtra, India |
| Ness Software Services Private Limited | ₹10.31 Cr (FY 2019) | 0.0% | Mumbai, Maharashtra, India | |||
| Centra Hub Private Limited | ₹10.28 Cr (FY 2025) | -24.0% | Hydearabad, Telangana, India |
To see the full peer comparison of Syncordis Software Services India Private Limited, buy the company report.
Auditor
Syncordis Software Services India Private Limited is audited by P S D Y & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P S D Y & ASSOCIATES | FY 2019 | 010625S |
Shareholding
The shareholding of Syncordis Software Services India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Syncordis Software Services India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Syncordis Software Services 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 Syncordis Software Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Syncordis Software Services India Private Limited has a workforce of 4 employees on its EPFO records as of Feb 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 4 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Syncordis Software Services India Private Limited, buy the company report.
GST
Syncordis Software Services India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAWCS0539B1ZF | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAWCS0539B2ZE | Tamil Nadu | Active | 11 Apr 2018 |
To see the full GST registrations and return filing status of Syncordis Software Services India Private Limited, buy the company report.
Recent activity
Syncordis Software Services India Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Nachiket Gopal Deshpande was appointed as Additional Director on 04 Feb 2021.
News
Frequently asked questions
Syncordis Software Services 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.
Syncordis Software Services India was a foreign 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 05 August 2015 and is registered under CIN U72900MH2015FTC340700. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Syncordis Software Services India was incorporated on 05 August 2015. It is registered with the Registrar of Companies, Mumbai.
Syncordis Software Services India had 3 directors:
- Balasingh Mathansingh - Director
- Kedar Krishna Gadgil - Director
- Nachiket Gopal Deshpande - Additional Director
The CIN (Corporate Identification Number) of Syncordis Software Services India is U72900MH2015FTC340700. 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 Syncordis Software Services India is at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
Syncordis Software Services India can be reached through the website syncordisconsulting.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Syncordis Software Services India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 September 2020. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Syncordis Software Services India is 33AAWCS0539B1ZF, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAWCS0539B2ZE (Tamil Nadu).
Syncordis Software Services India operated in the information technology industry, in the application development and software solutions segment.
The peers of Syncordis Software Services India by revenue are Incresol Software Services Private Limited, Ionidea Enterprise Solutions Private Limited, Ness Software Services Private Limited, Centra Hub Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
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