About Above Solutions India Private Limited
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Above Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Above Solutions Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52520KA2008PTC048738. Its GSTIN is 29AAMCS7118L1ZO (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Salesxpo India Private Limited. It is led by directors including Joshi Machaiah and James Vedamuthu.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No 849 11th Main 2nd Cross Hal II Stage Indiranagar, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2022, the company reported a revenue of ₹27,940, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹5.99 Lakh and EBITDA of -₹5.06 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 84% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ABOVE Solutions. As per MCA filings, the company has open charges of ₹1 Cr on record. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in September 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website above-inc.com.
Company details
Contact details
Above Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its website is above-inc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 849 11th Main 2nd Cross Hal II Stage Indiranagar, Bangalore, Karnataka, India – 560008
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Above Solutions 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
Brands
Above Solutions India operates one associated brand: ABOVE Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Product development service for media, mobility, IoT, education & entertainment sector | above-inc.com |
Financials of Above Solutions India Private Limited
FY 2022 filings availableAbove Solutions India Private Limited reported revenue of ₹27,940 (down 92% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 84% over five years, including a 92% fall in the latest year. EBITDA rose 92% 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 | |||||
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| Total Revenue | ₹27,940 | ||||
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| EBITDA | -₹5.06 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.99 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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To see the full financial statements and ratios of Above Solutions India Private Limited, buy the company report.
Board of directors of Above Solutions India Private Limited
Above Solutions India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joshi Machaiah | Director | 15 May 2018 | 8 Years 5 Months | Current |
| James Vedamuthu | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Poonacha Balyatanda Machaiah | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Auditor
Above Solutions India Private Limited is audited by V K G & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K G & ASSOCIATES | FY 2019 | 013750S |
Shareholding
The shareholding of Above Solutions India Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Above Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2014 | 10527609 | Icici Bank Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Above Solutions India Private Limited has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in September 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Acquisition | ₹6.54 Cr | Buyer: Persistent Systems Limited Seller: Above Solutions India Private Limited |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: Above Solutions Inc. Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Above Solutions 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 Above Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Above Solutions India Private Limited has a workforce of 62 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Above Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS7118L1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Above Solutions India Private Limited, buy the company report.
Recent activity
Above Solutions India Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: James Vedamuthu ceased to be Additional Director on 24 Aug 2021.
Frequently asked questions
Above Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 December 2008 (18+ years old) and is registered under CIN U52520KA2008PTC048738.
Above Solutions India has 3 current directors:
- Joshi Machaiah - Director
- James Vedamuthu - Director
- Poonacha Balyatanda Machaiah - Director
The latest financial statements of Above Solutions India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Above Solutions India is 29AAMCS7118L1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Above Solutions India is U52520KA2008PTC048738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Above Solutions India was incorporated on 30 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Above Solutions India has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in September 2018.
James Vedamuthu ceased to be Additional Director on 24 Aug 2021. James Vedamuthu was appointed as Director on 15 Mar 2021. Joshi Machaiah ceased to be Additional Director on 28 Sep 2018. Above Solutions India has 8 board changes on record in total.
Above Solutions India can be reached through the website above-inc.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Above Solutions India is at No 849 11th Main 2nd Cross Hal II Stage Indiranagar, Bangalore, Karnataka, India – 560008.