About Use Time (India) Private Limited
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Use Time (India) Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the educational support services segment of the education and learning sector. It was incorporated on 31 January 1994.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U00893KA1994PTC015168. Its GSTIN is 29AAACU2312E1ZR (Karnataka).
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Muthukrishnan Krishnan and Visalakshi Krishnan.
Its last annual general meeting (AGM) was held on 19 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at No 425 (First Floor) 10th Cross 18th Main J.P.Nagar 2nd Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2022, the company reported a revenue of ₹35,397, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹3.51 Lakh and EBITDA of -₹3.5 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 60% over five years.
The last known website on record is usetimeindia.com.
Company details
Contact details
Use Time (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is usetimeindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 425 (First Floor) 10th Cross 18th Main J.P.Nagar 2nd Phase, Bangalore, Karnataka, India – 560078
- IndustryEducation & Learing, Educational Support Services
To see the full contact details of Use Time (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
Financials of Use Time (India) Private Limited
FY 2023 filings availableUse Time (India) Private Limited reported revenue of ₹35,397 (down 76% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 76% fall in the latest year. EBITDA fell 45% 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 | -₹3.5 Lakh | ||||
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| Net Profit (PAT) | -₹3.51 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Use Time (India) Private Limited, buy the company report.
Board of directors of Use Time (India) Private Limited
Use Time (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthukrishnan Krishnan Also directs: WMBD Management Services LLP | Director | 31 Jan 1994 | 32 Years 8 Months | As last reported |
| Visalakshi Krishnan | Director | 31 Jan 1994 | 32 Years 8 Months | As last reported |
Auditor
Use Time (India) Private Limited is audited by BADAMI & KAMATH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BADAMI & KAMATH | FY 2017 | 006069S |
Shareholding
The shareholding of Use Time (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Use Time (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Use Time (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 Use Time (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Use Time (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU2312E1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Use Time (India) Private Limited, buy the company report.
Recent activity
Use Time (India) Private Limited has 2 board changes on record since 1994: 2 appointments. The latest: Muthukrishnan Krishnan was appointed as Director on 31 Jan 1994.
Frequently asked questions
Use Time (India) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Use Time (India) was a private limited company based in Bangalore, Karnataka, India. The company worked in educational support services, within the education and learning industry. It was incorporated on 31 January 1994 and is registered under CIN U00893KA1994PTC015168. The company has been struck off by the Registrar of Companies and is no longer operational.
Use Time (India) had 2 directors:
- Muthukrishnan Krishnan - Director
- Visalakshi Krishnan - Director
The CIN (Corporate Identification Number) of Use Time (India) is U00893KA1994PTC015168. 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 Use Time (India) is at No 425 First Floor 10th Cross 18th Main J.P.Nagar 2nd Phase, Bangalore, Karnataka, India – 560078.
Use Time (India) was incorporated on 31 January 1994. It is registered with the Registrar of Companies, Bangalore.
Use Time (India) can be reached through the website usetimeindia.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Use Time (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 19 June 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Use Time (India) is 29AAACU2312E1ZR, registered in Karnataka.
Use Time (India) operated in the education and learning industry, in the educational support services segment. It worked in this industry before it was struck off.