About Torqus Systems Private Limited
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Torqus Systems Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Times Internet 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 software development and support services segment of the technology and IT services sector. It was incorporated on 28 November 2014.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2014PTC358928. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.04 Lakh. It was led by directors including Atul Ahuja and Rajendra Singh.
Its last annual general meeting (AGM) was held on 23 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Express Building 9 – 10 Bahadurshah Zafar Marg, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.35 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹31.37 Lakh (net margin 23.3%) and EBITDA of ₹56.96 Lakh (EBITDA margin 42.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 3% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: inResto. Court records list 2 cases involving the company, including 2 filed by the company. The company has 6 deals on record (2 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in November 2018. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 1 micro and small supplier.
The last known website on record is torqus.com.
Company details
CIN history
Torqus Systems has one previous CIN (Corporate Identification Number): U72900PN2014PTC153275. The current CIN is U72900DL2014PTC358928, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL2014PTC358928 | Current |
| U72900PN2014PTC153275 | Previous |
Contact details
Torqus Systems Private Limited's registered office is in New Delhi, Delhi. Its website is torqus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressExpress Building 9 – 10 Bahadurshah Zafar Marg, New Delhi, Delhi, India – 110002
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Torqus 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
Brands
Torqus Systems operates one associated brand: inResto. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of SaaS based restaurant management suite . | inresto.com |
Financials of Torqus Systems Private Limited
FY 2022 filings availableTorqus Systems Private Limited reported revenue of ₹1.35 Cr (down 22% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 23% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.35 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹56.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.37 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.3% | ||||
| Net Profit Margin | 23.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Torqus Systems Private Limited, buy the company report.
Board of directors of Torqus Systems Private Limited
Torqus Systems has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Singh Also directs: Cricbuzz Platforms Limited, Chandrayan Technologies Private Limited, Coupondunia Media Private Limited and 3 more | Additional Director | 24 May 2023 | 3 Years 5 Months | As last reported |
| Atul Ahuja Also directs: Cricbuzz Platforms Limited, Etinsure Insurance Web Aggregator Limited, Databack Media Private Limited and 2 more | Director | 22 Nov 2018 | 7 Years 11 Months | As last reported |
| Ashok Kumar Also directs: Cricbuzz Platforms Limited, Chandrayan Technologies Private Limited, Etinsure Insurance Web Aggregator Limited and 1 more | Additional Director | 24 May 2023 | 3 Years 5 Months | As last reported |
Auditor
Torqus Systems Private Limited is audited by LODHA & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & Co. | FY 2022 | 301051E |
Shareholding
The shareholding of Torqus Systems 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 Torqus Systems Private Limited, buy the company report.
Deals & funding
Torqus Systems Private Limited has 6 deals on record (2 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in November 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Nov 2018 | Acquisition | ₹5.59 Cr | Buyer: an individual Seller: 4 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Seller: an individual |
| Oct 2015 | Funding round | ₹1.08 Cr | Investors: 4 individuals |
| Feb 2015 | Rights issue | ₹72 Lakh | Investors: 4 individuals |
To see the full deal history of Torqus Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torqus Systems Private Limited has 2 court cases on record: 2 filed by Torqus Systems. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, New Delhi Bench Court-III | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Torqus Systems 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
Torqus Systems Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Torqus Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Torqus Systems Private Limited has a workforce of 1 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Torqus Systems 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 Torqus Systems Private Limited, buy the company report.
Recent activity
Torqus Systems Private Limited has 11 board changes on record since 2015: 3 appointments and 8 cessations. The latest: Ashok Kumar was appointed as Additional Director on 24 May 2023.
2 earlier events are in the company report.
Frequently asked questions
Torqus Systems 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.
Torqus Systems was a private limited company based in New Delhi, Delhi, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 28 November 2014 and is registered under CIN U72900DL2014PTC358928. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Torqus Systems was incorporated on 28 November 2014. It is registered with the Registrar of Companies, Delhi.
Torqus Systems had 3 directors:
- Rajendra Singh - Additional Director
- Atul Ahuja - Director
- Ashok Kumar - Additional Director
The CIN (Corporate Identification Number) of Torqus Systems is U72900DL2014PTC358928. 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 Torqus Systems is at Express Building 9 – 10 Bahadurshah Zafar Marg, New Delhi, Delhi, India – 110002.
Torqus Systems can be reached through the website torqus.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Torqus Systems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 23 September 2022. Year-wise statements from 2015 are in the company report.
No. Torqus Systems has 1 GST registration on record and it is cancelled or inactive.
Torqus Systems operated in the information technology industry, in the software development and support services segment.
Torqus Systems has 6 deals on record (2 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹1.08 Cr; the latest was in November 2018.