About Ak Aerotek Software Centre Private Limited
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Ak Aerotek Software Centre Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 February 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1998PTC023359. Its GSTIN is 29AACCA6462F1ZO (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Ajit Kothaneth (Managing Director) and Kamalakshi Kothaneth.
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.140 Gangadhara Chetty Road Halasur, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.76 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.63 Cr (net margin -34.2%) and EBITDA of -₹1.35 Cr (EBITDA margin -28.4%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 16% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ak-aerotek.com.
Company details
Contact details
Ak Aerotek Software Centre Private Limited's registered office is in Bangalore, Karnataka. Its website is ak-aerotek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.140 Gangadhara Chetty Road Halasur, Bangalore, Karnataka, India – 560042
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ak Aerotek Software Centre 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
Business activity
The main business activity of Ak Aerotek Software Centre is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ak Aerotek Software Centre Private Limited, buy the company report.
Financials of Ak Aerotek Software Centre Private Limited
FY 2022 filings availableAk Aerotek Software Centre Private Limited reported revenue of ₹4.76 Cr (down 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 24% fall in the latest year. EBITDA rose 22% 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
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| EBITDA | -₹1.35 Cr | ||||
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| Net Profit (PAT) | -₹1.63 Cr | ||||
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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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| EBITDA Margin | -28.4% | ||||
| Net Profit Margin | -34.2% | ||||
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To see the full financial statements and ratios of Ak Aerotek Software Centre Private Limited, buy the company report.
Board of directors of Ak Aerotek Software Centre Private Limited
Ak Aerotek Software Centre has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamalakshi Kothaneth Also directs: Masel Estates Private Limited | Director | 09 Feb 1998 | 28 Years 8 Months | Current |
| Dheeraj Kothaneth Also directs: Kinpartners LLP, Masel Estates Private Limited | Director | 16 Jun 2000 | 26 Years 4 Months | Current |
| Akshaye Kothaneth | Director | 19 Jun 2000 | 26 Years 4 Months | Current |
| Ajit Kothaneth | Managing Director | 09 Feb 1998 | 28 Years 8 Months | Current |
Auditor
Ak Aerotek Software Centre Private Limited is audited by G R REDDY & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G R REDDY & ASSOCIATES | FY 2020 | 003252S |
Shareholding
The shareholding of Ak Aerotek Software Centre Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ak Aerotek Software Centre Private Limited, buy the company report.
Legal cases
Ak Aerotek Software Centre Private Limited has 4 court cases on record: 2 filed by Ak Aerotek Software Centre, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Bangalore Electriocity Supply Company Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Ak Aerotek Software Centre 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 Ak Aerotek Software Centre Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ak Aerotek Software Centre Private Limited has a workforce of 36 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ak Aerotek Software Centre has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCA6462F1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ak Aerotek Software Centre Private Limited, buy the company report.
Recent activity
Ak Aerotek Software Centre Private Limited has 4 board changes on record since 1998: 4 appointments. The latest: Akshaye Kothaneth was appointed as Director on 19 Jun 2000.
Frequently asked questions
Ak Aerotek Software Centre is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 February 1998 (28+ years old) and is registered under CIN U72200KA1998PTC023359.
Ak Aerotek Software Centre has 4 current directors:
- Ajit Kothaneth - Managing Director
- Kamalakshi Kothaneth - Director
- Dheeraj Kothaneth - Director
- Akshaye Kothaneth - Director
The latest financial statements of Ak Aerotek Software Centre 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 Ak Aerotek Software Centre is 29AACCA6462F1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Ak Aerotek Software Centre is U72200KA1998PTC023359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ak Aerotek Software Centre has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the high courts.
Ak Aerotek Software Centre was incorporated on 09 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Akshaye Kothaneth was appointed as Director on 19 Jun 2000. Dheeraj Kothaneth was appointed as Director on 16 Jun 2000. Ajit Kothaneth was appointed as Managing Director on 09 Feb 1998. Ak Aerotek Software Centre has 4 board changes on record in total.
Ak Aerotek Software Centre can be reached through the website ak-aerotek.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ak Aerotek Software Centre is at No.140 Gangadhara Chetty Road Halasur, Bangalore, Karnataka, India – 560042.
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