About Affluent Technologies Private Limited
Data last updated:
Affluent Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 09 March 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2011PTC057492. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Kappanachettiar Parameswaran and Rathinavathi Manoharan Sujatha.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 53/A Golden Square 16th 'C' Main 4th Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2017, the company reported a revenue of ₹48.3 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹6.18 Lakh (net margin -12.8%) and EBITDA of -₹3.68 Lakh (EBITDA margin -7.6%).
The last known website on record is afftec.com.
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- Registered Address53/A Golden Square 16th 'C' Main 4th Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Software Development & Support Services, 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
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Business Activity of Affluent Technologies Private Limited
The main business activity of Affluent Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Affluent Technologies Private Limited FY 2017 filings available
Affluent Technologies Private Limited reported revenue of ₹48.3 Lakh (down 69% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Affluent Technologies Private Limited
Revenue fell 69% in the latest year. EBITDA fell 126% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Affluent Technologies Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹48.3 Lakh | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹3.68 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.18 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 Affluent Technologies Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -7.6% | •••• | •••• |
| Net Profit Margin | -12.8% | •••• | •••• |
| 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 Affluent Technologies 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 Affluent Technologies Private Limited
Affluent Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhiwal Infotech Private Limited | •••• | •••• | •••• | •••• | 26 | Jaipur, Rajasthan, India |
| Bluecrest Software and Consultancy Services Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Spectrum Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Agastheeswaram, Tamil Nadu, India |
| Kriative Incorporation Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Humanify Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Affluent Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Aristi Solutions India Private Limited | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| GXP Labs Private Limited | •••• | •••• | •••• | •••• | - | Chilakaluri Peta, Andhra Pradesh, India |
| Bigtec Consulting Services Private Limited | •••• | •••• | •••• | •••• | - | Rajarajeshwari Nagar, Karnataka, India |
| Veeco Life (India) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mahiruha Technology Solutions Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Affluent Technologies by revenue in the Information Technology industry (IT Consulting and Services, Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Affluent Technologies Private Limited
Auditor information for Affluent Technologies Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Affluent Technologies Private Limited
Affluent Technologies has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Elaiyaraja Ganesan Also directs: Vibha Intel Private Limited | Additional Director | 23 Nov 2015 | 10 Years 10 Months | As last reported |
| Kappanachettiar Parameswaran | Director | 20 Jul 2015 | 11 Years 2 Months | As last reported |
| Rathinavathi Manoharan Sujatha | Director | 20 Jul 2015 | 11 Years 2 Months | As last reported |
Ownership and Shareholding of Affluent Technologies 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 Affluent Technologies Private Limited
Affluent Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Affluent Technologies Private Limited
Employment history and EPFO contributions of people linked to Affluent Technologies.
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 Affluent Technologies Private Limited
Affluent Technologies Private Limited has 7 board changes on record since 2015: 3 appointments and 4 cessations. The latest: Elaiyaraja Ganesan was appointed as Additional Director on 23 Nov 2015.
Credit Ratings, Litigation & Regulatory Alerts for Affluent Technologies 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 Affluent Technologies 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 Affluent Technologies 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 Affluent Technologies Private Limited
Affluent Technologies 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 Affluent Technologies 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 Affluent Technologies Private Limited
Affluent Technologies has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Affluent Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 09 March 2011 and is registered under CIN U72200KA2011PTC057492. The company has been struck off by the Registrar of Companies and is no longer operational.
Affluent Technologies had 3 directors:
- Elaiyaraja Ganesan - Additional Director
- Kappanachettiar Parameswaran - Director
- Rathinavathi Manoharan Sujatha - Director
The CIN (Corporate Identification Number) of Affluent Technologies is U72200KA2011PTC057492. 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 Technologies is at 53A Golden Square 16th C Main 4th Block Koramangala, Bangalore, Karnataka, India – 560034.
Affluent Technologies was incorporated on 09 March 2011. It is registered with the Registrar of Companies, Bangalore.
Affluent Technologies can be reached through the website afftec.com. Its registered office is in Bangalore, Karnataka, India.
Affluent Technologies reported revenue of ₹48.3 Lakh for FY 2017 (down 69% YoY).
Affluent Technologies has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Affluent Technologies reported a net loss of ₹6.18 Lakh (net margin -12.8%) and EBITDA of -₹3.68 Lakh (EBITDA margin -7.6%) for FY 2017, as per its filed financial statements.
No. Affluent Technologies has 1 GST registration on record and it is cancelled or inactive.