About Wellspring Systems Private Limited
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Wellspring Systems Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U30006TN2004PTC053173. Its GSTIN is 33AAACW5268M1ZY (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Allwyn Stelzer Eliazer and Eliazer Elwin Stelzer.
Its last annual general meeting (AGM) was held on 28 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 3/211 Kamaraj Streetmettukuppam Chennai 96, Tamil Nadu, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.07 Cr, a growth of 77% compared to the previous year. For the same year it recorded a net profit of ₹14.77 Lakh (net margin 4.8%) and EBITDA of ₹30.62 Lakh (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 64% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website wellspring.ai.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3/211 Kamaraj Streetmettukuppam Chennai 96, Tamil Nadu, India
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Wellspring Systems Private Limited
The main business activity of Wellspring Systems is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Wellspring Systems Private Limited FY 2023 filings available
Wellspring Systems Private Limited reported revenue of ₹3.07 Cr (up 77% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Wellspring Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 64% over five years, including 77% growth in the latest year. EBITDA rose 609% 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 of Wellspring Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.77 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 of Wellspring Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Wellspring Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Wellspring Systems Private Limited
Wellspring Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abhivrudhi Resources Private Limited | ₹3.08 Cr (FY 2024) | •••• | •••• | 364.0% | •••• | Bhubaneswar, Odisha, India |
| Takyon System Solutions Private Limited | ₹3.08 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Thrissur, Kerala, India |
| Cactus IT Solutions Private Limited | ₹3.08 Cr (FY 2024) | •••• | •••• | 114.0% | •••• | Sheri Lingampally Circle, Telangana, India |
| Teamstand India Private Limited | ₹3.07 Cr (FY 2024) | •••• | •••• | -76.0% | •••• | Hyderabad, Telangana, India |
| Programming.Com Software Private Limited | ₹3.07 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Mohali, Punjab, India |
| Wellspring Systems Private Limited this company | ₹3.07 Cr (FY 2023) | •••• | •••• | 77.0% | •••• | Chennai, Tamil Nadu, India |
| A2g Load Private Limited | ₹3.07 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mohali, Punjab, India |
| Dhisigma Systems Private Limited | ₹3.07 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Ernakulam, Kerala, India |
| Practical Fish Software Private Limited | ₹3.07 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Bhea Knowledge Technologies Private Limited | ₹3.06 Cr (FY 2017) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Petrabytes India Private Limited | ₹3.06 Cr (FY 2024) | •••• | •••• | 95.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Wellspring Systems by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Wellspring Systems Private Limited
Wellspring Systems Private Limited is audited by VENKAT & RANGAA LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENKAT & RANGAA LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Wellspring Systems Private Limited
Wellspring Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Allwyn Stelzer Eliazer | Director | 16 Oct 2017 | 9 Years 0 Months | Current |
| Eliazer Elwin Stelzer | Director | 07 May 2004 | 22 Years 5 Months | Current |
Ownership and Shareholding of Wellspring Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wellspring Systems Private Limited
Wellspring Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wellspring Systems Private Limited
Wellspring Systems Private Limited has a workforce of 28 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Wellspring Systems Private Limited
Wellspring Systems Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Allwyn Stelzer Eliazer ceased to be Additional Director on 29 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Wellspring Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Wellspring Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wellspring Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Wellspring Systems Private Limited
Wellspring Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACW5268M1ZY | Tamil Nadu | Active | 18 Jan 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Wellspring Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wellspring Systems Private Limited
Wellspring Systems is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 May 2004 (22+ years old) and is registered under CIN U30006TN2004PTC053173.
Wellspring Systems reported revenue of ₹3.07 Cr for FY 2023 (up 77% YoY).
Wellspring Systems has 2 current directors:
- Allwyn Stelzer Eliazer - Director
- Eliazer Elwin Stelzer - Director
Wellspring Systems reported a net profit of ₹14.77 Lakh (net margin 4.8%) and EBITDA of ₹30.62 Lakh (EBITDA margin 10%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wellspring Systems is 64% over five years. In the latest year (FY 2023) revenue rose 77%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wellspring Systems is 33AAACW5268M1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Wellspring Systems is U30006TN2004PTC053173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wellspring Systems was incorporated on 07 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Wellspring Systems by revenue are Abhivrudhi Resources Private Limited, Takyon System Solutions Private Limited, Cactus IT Solutions Private Limited, Teamstand India Private Limited, Programming.Com Software Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Allwyn Stelzer Eliazer ceased to be Additional Director on 29 Sep 2018. Allwyn Stelzer Eliazer was appointed as Director on 16 Oct 2017. Ponnumuthu Eliazer ceased to be Director on 18 Apr 2014. Wellspring Systems has 4 board changes on record in total.
Wellspring Systems can be reached through the website wellspring.ai. Its registered office is in Chennai, Tamil Nadu, India.