About Affluent Global Services Private Limited
Data last updated:
Affluent Global Services Private Limited was a private limited company based in Kanjurmarg East, Maharashtra, India, operated as a subsidiary of Firstmeridian Business Services Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 July 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2012PTC389860. Its GSTIN is 36AAKCA7346L1Z7 (Telangana). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1.03 Lakh. It was led by directors including Shailesh Narayanrao Ardhapurkar (Whole-Time Director) and Nilay Pratik.
Its last annual general meeting (AGM) was held on 07 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Kanjurmarg East, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹115.51 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹19.47 Cr (net margin 16.9%) and EBITDA of ₹25.96 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 13% over five years.
The company had about 499 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Affluent GS. As per MCA filings, the company had satisfied charges of ₹33 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 11 deals on record (9 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in February 2022.
The last known website on record is affluentgs.com.
Company details
CIN history
Affluent Global Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200MH2012PTC389860, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2012PTC389860 | Current |
| U72200TG2012PTC081876 | Previous |
| U72200AP2012PTC081876 | Previous |
Contact details
Affluent Global Services Private Limited's registered office is in Kanjurmarg East, Maharashtra. Its website is affluentgs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 Jollyboard Tower – 1 I Think Techno Campus, India, Kanjurmarg East, Maharashtra, India – 400042
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Affluent Global Services 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
Affluent Global Services operates one associated brand: Affluent GS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services including cloud, managed, mobility, and security are provided. | affluentgs.com |
Financials of Affluent Global Services Private Limited
FY 2023 filings availableAffluent Global Services Private Limited reported revenue of ₹115.51 Cr (up 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 3% growth in the latest year. EBITDA rose 17% 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 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 | ₹115.51 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.47 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.5% | ||||
| Net Profit Margin | 16.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Affluent Global Services Private Limited, buy the company report.
Board of directors of Affluent Global Services Private Limited
Affluent Global Services has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilay Pratik | Director | 11 Feb 2019 | 7 Years 8 Months | As last reported |
| Shailesh Narayanrao Ardhapurkar | Whole-Time Director | 10 May 2014 | 12 Years 6 Months | As last reported |
| Sudhakar Balakrishnan Also directs: Zaikenn Management Services LLP, New Lane Trading LLP, CPM India Sales & Marketing Private Limited and 1 more | Director | 11 Feb 2019 | 7 Years 8 Months | As last reported |
Auditor
Affluent Global Services Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Affluent Global Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Affluent Global Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2016 | 100056692 | Others | ₹33 Lakh | Satisfied |
To see the full charge records of Affluent Global Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Affluent Global Services Private Limited has 11 deals on record (9 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in February 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Firstmeridian Business Services Private Limited Seller: Rasama Estates LLP |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Firstmeridian Business Services Private Limited Seller: Rasama Estates LLP |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Firstmeridian Business Services Private Limited Seller: Rasama Estates LLP , an individual |
| Jul 2018 | Acquisition | Undisclosed | Buyer: Firstmeridian Business Services Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: Rasama Estates LLP Seller: an individual |
To see the full deal history of Affluent Global Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Affluent Global Services Private Limited has 1 court case on record: 1 filed by Affluent Global Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Affluent Global Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Affluent Global Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Affluent Global Services Private Limited has a workforce of 499 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Affluent Global Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCA7346L1Z7 | Telangana | Active | 01 Jul 2017 |
| 29AAKCA7346L1Z2 | Karnataka | Active | 01 Jun 2019 |
To see the full GST registrations and return filing status of Affluent Global Services Private Limited, buy the company report.
Recent activity
Affluent Global Services Private Limited has 15 board changes on record since 2013: 3 appointments and 12 cessations. The latest: Pooja Prabhakar ceased to be Additional Director on 05 Jul 2022.
8 earlier events are in the company report.
Frequently asked questions
Affluent Global Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Affluent Global Services was a private limited company based in Kanjurmarg East, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 10 July 2012 and is registered under CIN U72200MH2012PTC389860. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Affluent Global Services was incorporated on 10 July 2012. It is registered with the Registrar of Companies, Mumbai.
Affluent Global Services had 3 directors:
- Shailesh Narayanrao Ardhapurkar - Whole-Time Director
- Nilay Pratik - Director
- Sudhakar Balakrishnan - Director
The CIN (Corporate Identification Number) of Affluent Global Services is U72200MH2012PTC389860. 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 Affluent Global Services is at 501 Jollyboard Tower – 1 I Think Techno Campus, India, Kanjurmarg East, Maharashtra, India – 400042.
Affluent Global Services can be reached through the website affluentgs.com. Its registered office is in Kanjurmarg East, Maharashtra, India.
The latest financial statements of Affluent Global Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 07 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Affluent Global Services is 36AAKCA7346L1Z7, registered in Telangana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAKCA7346L1Z2 (Karnataka).
Affluent Global Services operated in the information technology industry, in the IT consulting and support services segment.
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