Tulip I T Solutions Limited
About Tulip I T Solutions Limited
Data last updated:
Tulip I T Solutions Limited was a public limited company based in New Delhi, Delhi, India. 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 21 July 2008.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2008PLC181107. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹18 Lakh and a paid-up capital of ₹17.5 Lakh. It was led by directors including Lalit Kumar Jain and Hitesh Garg.
Its last annual general meeting (AGM) was held on 11 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ap 11A Pitampura India, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2023, the company reported a revenue of ₹18,970, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1,850 (net margin 9.8%) and EBITDA of ₹2,500 (EBITDA margin 13.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 7% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Tulip I T Solutions Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAp 11A Pitampura India, New Delhi, Delhi, India – 110034
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Tulip I T Solutions 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 Tulip I T 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 Tulip I T Solutions Limited, buy the company report.
Financials of Tulip I T Solutions Limited
FY 2023 filings availableTulip I T Solutions Limited reported revenue of ₹18,970 (down 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 26% fall in the latest year. EBITDA rose 100% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹18,970 | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2,500 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,850 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 9.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Tulip I T Solutions Limited, buy the company report.
Board of directors of Tulip I T Solutions Limited
Tulip I T Solutions has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Kumar Jain Also directs: Unflashy Solution Limited, A K Tech Ltd | Director | 01 Feb 2012 | 14 Years 9 Months | As last reported |
| Hitesh Garg Also directs: SPJ Properties Private Limited | Director | 01 Feb 2012 | 14 Years 9 Months | As last reported |
| Ashok Kumar Also directs: Unflashy Solution Limited, A K Tech Ltd, Trinetra Automotives Private Limited and 5 more | Director | 01 Feb 2012 | 14 Years 9 Months | As last reported |
Auditor
Tulip I T Solutions Limited is audited by GAURAV N GUPTA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURAV N GUPTA & CO. | FY 2023 | 539857 |
Shareholding
The shareholding of Tulip I T Solutions Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tulip I T Solutions Limited, buy the company report.
Legal cases
Tulip I T Solutions Limited has 1 court case on record: 1 filed by Tulip I T Solutions. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Principal Bench | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Tulip I T Solutions 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 Tulip I T Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tulip I T Solutions has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Tulip I T 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 Tulip I T Solutions Limited, buy the company report.
Recent activity
Tulip I T Solutions Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Ashok Kumar ceased to be Additional Director on 29 Sep 2012.
4 earlier events are in the company report.
Frequently asked questions
Tulip I T Solutions 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.
Tulip I T Solutions was a public limited company based in New Delhi, Delhi, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 21 July 2008 and is registered under CIN U72200DL2008PLC181107. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tulip I T Solutions was incorporated on 21 July 2008. It is registered with the Registrar of Companies, Delhi.
Tulip I T Solutions had 3 directors:
- Lalit Kumar Jain - Director
- Hitesh Garg - Director
- Ashok Kumar - Director
The CIN (Corporate Identification Number) of Tulip I T Solutions is U72200DL2008PLC181107. 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 Tulip I T Solutions is at Ap 11A Pitampura India, New Delhi, Delhi, India – 110034.
The latest financial statements of Tulip I T Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 11 August 2023. Year-wise statements from 2015 are in the company report.
No. Tulip I T Solutions has 1 GST registration on record and it is cancelled or inactive.
Tulip I T Solutions operated in the information technology industry, in the application development and software solutions segment.
Tulip I T Solutions has 1 court case on record: 1 filed by the company.
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