About Affordable Business Solutions Private Limited
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Affordable Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 24 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC034199. Its GSTIN is 29AAECA8096P1ZR (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹36.44 Lakh. It is led by directors Ravindra Bailur Kini and Srikant Satyanarayana Rao.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #565 – E 7th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.32 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹64,402 (net margin 0%) and EBITDA of ₹31.86 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 10% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 4 brands: GMRL Laboratories, Experiment Labs, Affordable Business Solutions and First Principle Labs. As per MCA filings, the company has satisfied charges of ₹7.08 Cr on record. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹99.7 Lakh; the latest was in March 2012. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 5 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website abs.in.
Company details
Contact details
Affordable Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is abs.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#565 – E 7th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Affordable Business Solutions 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
Affordable Business Solutions operates multiple associated brands including GMRL Laboratories, Experiment Labs, and Affordable Business Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A healthcare organization offering precision diagnostics in pathology, molecular biology, and cardiac risk assessments. | gmrllabs.in | |
| Offers leadership development programs tailored for students. | experimentlabs.in | |
| Provides a comprehensive suite of IT services to enhance daily business operations. | abs.in | |
| Human-centered design services are provided through behavioral science and psychology. | firstprinciplelabs.in |
Business activity
The main business activity of Affordable Business Solutions 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 Affordable Business Solutions Private Limited, buy the company report.
Financials of Affordable Business Solutions Private Limited
FY 2025 filings availableAffordable Business Solutions Private Limited reported revenue of ₹19.32 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 9% growth in the latest year. EBITDA fell 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹31.86 Lakh | ||||
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| Net Profit (PAT) | ₹64,402 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Affordable Business Solutions Private Limited, buy the company report.
Board of directors of Affordable Business Solutions Private Limited
Affordable Business Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Bailur Kini | Director | 24 Jun 2004 | 22 Years 4 Months | Current |
| Srikant Satyanarayana Rao Also directs: Resilient Initiatives for Social Empowerment Foundation | Director | 24 Jun 2004 | 22 Years 4 Months | Current |
Auditor
Affordable Business Solutions Private Limited is audited by VENKATESH BHASKAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESH BHASKAR & ASSOCIATES | FY 2023 | 009735S |
Shareholding
The shareholding of Affordable Business Solutions 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Affordable Business Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2017 | 100160737 | Hdfc Bank Limited | ₹3 Cr | Satisfied | |
| 20 Sep 2011 | 10315766 | India Infoline Investment Services Limited | ₹2.08 Cr | Satisfied | |
| 25 Jun 2007 | 10059251 | State Bank of India | ₹2 Cr | Satisfied |
To see the full charge records of Affordable Business Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Affordable Business Solutions Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹99.7 Lakh; the latest was in March 2012.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Funding round | ₹65.7 Lakh | Investors: 2 individuals |
| Feb 2009 | Funding round | ₹25 Lakh | Investors: an individual |
| Mar 2006 | Funding round | ₹9 Lakh | Investors: 2 individuals |
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 Affordable Business Solutions 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
Affordable Business Solutions Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 5 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cnergyis Infotech India Private Limited |
To see the full MSME payment records of Affordable Business Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Affordable Business Solutions Private Limited has a workforce of 52 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Affordable Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECA8096P1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Affordable Business Solutions Private Limited, buy the company report.
Recent activity
Affordable Business Solutions Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Ravindra Bailur Kini was appointed as Director on 24 Jun 2004.
Frequently asked questions
Affordable Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 24 June 2004 (22+ years old) and is registered under CIN U72200KA2004PTC034199.
Affordable Business Solutions has 2 current directors:
- Ravindra Bailur Kini - Director
- Srikant Satyanarayana Rao - Director
The latest financial statements of Affordable Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Affordable Business Solutions is 29AAECA8096P1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Affordable Business Solutions is U72200KA2004PTC034199. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Affordable Business Solutions was incorporated on 24 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Affordable Business Solutions has 3 deals on record (3 funding rounds), with disclosed funding of ₹99.7 Lakh; the latest was in March 2012.
Ravindra Bailur Kini was appointed as Director on 24 Jun 2004. Srikant Satyanarayana Rao was appointed as Director on 24 Jun 2004.
Affordable Business Solutions has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 10 Nov 2022.
Affordable Business Solutions can be reached through the website abs.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Affordable Business Solutions is at #565 – E 7th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
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