About Absolin Software Solutions LLP
Data last updated:
Absolin Software Solutions LLP is a limited liability partnership (LLP) based in Visakhapatnam, Andhra Pradesh, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 May 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Vijayawada, under LLPIN AAC-3059. The LLP has 1 GST registration on record, which is no longer active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Gopi Saragadam and Ramesh Saragadam.
Its latest statement of accounts is for the year ended 31 March 2023. The registered office is at Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2022, the LLP reported a revenue of ₹1.26 Cr. For the same year it recorded a net profit of ₹17.61 Lakh (net margin 14%) and EBITDA of ₹22.06 Lakh (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The LLP is associated with 2 brands: Pixel1920 and Absolinsoft. As per MCA filings, the LLP has open charges of ₹61.36 Lakh on record.
For more details, the LLP can be reached via its website absolinsoft.com.
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- Registered AddressD.No.50 – 121 – 75 4th Floor Svr Complex, Near 4th Town Police Station Seethammadhara, Visakhapatnam, Andhra Pradesh, India – 530013
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Financials of Absolin Software Solutions LLP FY 2023 filings available
Absolin Software Solutions LLP reported revenue of ₹1.26 Cr for FY 2022.
Compounded Annual Growth Rate (CAGR) of Absolin Software Solutions LLP
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years. 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 Absolin Software Solutions LLP
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | ₹1.26 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹17.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Absolin Software Solutions LLP
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 14% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Absolin Software Solutions 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.
Designated Partners of Absolin Software Solutions LLP
Absolin Software Solutions has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopi Saragadam | Designated Partner | 19 May 2014 | 12 Years 4 Months | Current |
| Ramesh Saragadam Also directs: Learningark Growth System LLP | Designated Partner | 19 May 2014 | 12 Years 4 Months | Current |
Ownership and Shareholding of Absolin Software Solutions LLP
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 Absolin Software Solutions LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 2019 | Idfc First Bank Limited | ₹61.36 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Absolin Software Solutions LLP
Absolin Software Solutions operates two associated brands: Pixel1920 and Absolinsoft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers creative solutions in marketing analytics, branding, and MarTech consulting services. | pixel1920.com | |
| Offers ERP systems, app development, business intelligence, and consulting services for industries. | absolinsoft.com |
Employees and EPFO Compliance at Absolin Software Solutions LLP
Employment history and EPFO contributions of people linked to Absolin Software Solutions.
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 Absolin Software Solutions LLP
Absolin Software Solutions LLP has 2 designated partner changes on record since 2014: 2 appointments. The latest: Gopi Saragadam was appointed as Designated Partner on 19 May 2014.
Credit Ratings, Litigation & Regulatory Alerts for Absolin Software Solutions LLP
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 Absolin Software Solutions LLP
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 Absolin Software Solutions LLP
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 Absolin Software Solutions LLP
Absolin Software Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Absolin Software Solutions LLP
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 Absolin Software Solutions LLP
Absolin Software Solutions is an active limited liability partnership based in Visakhapatnam, Andhra Pradesh, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 19 May 2014 (12+ years old) and is registered under LLPIN AAC-3059.
Absolin Software Solutions reported revenue of ₹1.26 Cr for FY 2022.
Absolin Software Solutions has 2 current designated partners:
- Gopi Saragadam - Designated Partner
- Ramesh Saragadam - Designated Partner
Absolin Software Solutions reported a net profit of ₹17.61 Lakh (net margin 14%) and EBITDA of ₹22.06 Lakh (EBITDA margin 17.5%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Absolin Software Solutions is 33% over three years. CAGR is the steady yearly rate that links the first and the last year.
No. Absolin Software Solutions has 1 GST registration on record and it is cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of Absolin Software Solutions is AAC-3059. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Absolin Software Solutions was incorporated on 19 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Gopi Saragadam was appointed as Designated Partner on 19 May 2014. Ramesh Saragadam was appointed as Designated Partner on 19 May 2014.
Yes, Absolin Software Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).