About 18North Systems Private Limited
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18North Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2014PTC153388. Its GSTIN is 27AAACZ8017F1ZA (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28.24 Lakh. It is led by directors Ratnamala Premkumar Dasari and Abhay Premkumar Dasari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Fl. No. 8 Bora Landmark Pl No. 5 Krishna Colony S. No. 91/2, Pune, Maharashtra, India – 411038.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.06 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹16.89 Lakh (net margin -33.1%) and EBITDA of -₹14.42 Lakh (EBITDA margin -28.2%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company is associated with 1 brand: 18North Systems.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 18northsystems.com.
Company details
Contact details
18North Systems Private Limited's registered office is in Pune, Maharashtra. Its website is 18northsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFl. No. 8 Bora Landmark Pl No. 5 Krishna Colony S. No. 91/2, Pune, Maharashtra, India – 411038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of 18North 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
18North Systems operates one associated brand: 18North Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in application development for custom software solutions tailored to business needs. | 18northsystems.com |
Business activity
The main business activity of 18North Systems 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 18North Systems Private Limited, buy the company report.
Financials of 18North Systems Private Limited
FY 2024 filings available18North Systems Private Limited reported revenue of ₹51.06 Lakh (down 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 34% fall in the latest year. EBITDA fell 716% 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 | -₹14.42 Lakh | ||||
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| Net Profit (PAT) | -₹16.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -28.2% | ||||
| Net Profit Margin | -33.1% | ||||
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To see the full financial statements and ratios of 18North Systems Private Limited, buy the company report.
Board of directors of 18North Systems Private Limited
18North Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratnamala Premkumar Dasari | Director | 09 May 2016 | 10 Years 5 Months | Current |
| Abhay Premkumar Dasari | Director | 09 Dec 2014 | 11 Years 10 Months | Current |
Shareholding
The shareholding of 18North Systems Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
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| Others |
To see the full shareholding pattern of 18North Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving 18North Systems 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 18North Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
18North Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ8017F1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of 18North Systems Private Limited, buy the company report.
Recent activity
18North Systems Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Ratnamala Premkumar Dasari ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
18North Systems is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 December 2014 (12+ years old) and is registered under CIN U72200PN2014PTC153388.
18North Systems has 2 current directors:
- Ratnamala Premkumar Dasari - Director
- Abhay Premkumar Dasari - Director
The latest financial statements of 18North Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of 18North Systems is 27AAACZ8017F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of 18North Systems is U72200PN2014PTC153388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
18North Systems was incorporated on 09 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
Ratnamala Premkumar Dasari ceased to be Additional Director on 30 Sep 2016. Ajit Vitthal Rokade ceased to be Director on 18 Jun 2016. Ratnamala Premkumar Dasari was appointed as Director on 09 May 2016. 18North Systems has 5 board changes on record in total.
18North Systems can be reached through the website 18northsystems.com. Its registered office is in Pune, Maharashtra, India.
The registered office of 18North Systems is at Fl. No. 8 Bora Landmark Pl No. 5 Krishna Colony S. No. 912, Pune, Maharashtra, India – 411038.
18North Systems operates in the information technology industry, in the application development and software solutions segment.