Aks Research Solutions Private Limited
About Aks Research Solutions Private Limited
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Aks Research Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 06 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2015PTC099118. Its GSTIN is 33AAFCG8768B2ZK (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.02 Lakh. It was formerly known as Growzippy Solutions Private Limited and Merchant Rms Solutions Private Limited. It is led by directors Varun Prasad Ravichandran and Sowrirajalu Ravichandran.
Its last annual general meeting (AGM) was held on 20 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 2 4th Cross Svs Nagar Valasaravakkam, Chennai, Tamil Nadu, India – 600087.
As per the financials filed for FY 2021, the company reported a revenue of ₹53.47 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹15.46 Lakh (net margin 28.9%) and EBITDA of ₹16.89 Lakh (EBITDA margin 31.6%). Revenue has grown at a compounded annual rate (CAGR) of 187% over three years and 33% over five years.
The company has 1 deal on record (1 funding round), with disclosed funding of ₹6.16 Cr; the latest was in June 2015.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Aks Research Solutions has undergone 2 name changes throughout its history. The company was previously known as Growzippy Solutions Private Limited, and Merchant Rms Solutions Private Limited. The current legal name is Aks Research Solutions Private Limited.
| Company Name | Status |
|---|---|
| Aks Research Solutions Private Limited | Current |
| Growzippy Solutions Private Limited | Previous |
| Merchant Rms Solutions Private Limited | Previous |
Contact details
Aks Research Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address2 4th Cross Svs Nagar Valasaravakkam, Chennai, Tamil Nadu, India – 600087
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Aks Research 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
Business activity
The main business activity of Aks Research Solutions 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 Aks Research Solutions Private Limited, buy the company report.
Financials of Aks Research Solutions Private Limited
FY 2021 filings availableAks Research Solutions Private Limited reported revenue of ₹53.47 Lakh (up 7% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 7% growth in the latest year. EBITDA rose 677% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹16.89 Lakh | ||||
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| Net Profit (PAT) | ₹15.46 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 31.6% | ||||
| Net Profit Margin | 28.9% | ||||
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To see the full financial statements and ratios of Aks Research Solutions Private Limited, buy the company report.
Board of directors of Aks Research Solutions Private Limited
Aks Research Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Prasad Ravichandran | Director | 13 Mar 2020 | 6 Years 7 Months | Current |
| Sowrirajalu Ravichandran | Additional Director | 13 Mar 2020 | 6 Years 7 Months | Current |
Shareholding
The shareholding of Aks Research Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aks Research Solutions Private Limited, buy the company report.
Deals & funding
Aks Research Solutions Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹6.16 Cr; the latest was in June 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Funding round | ₹6.16 Cr | Investors: an individual |
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 Aks Research 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
No delayed payments to MSME suppliers are on our record for Aks Research Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aks Research Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCG8768B2ZK | Tamil Nadu | Active | 19 Aug 2019 |
To see the full GST registrations and return filing status of Aks Research Solutions Private Limited, buy the company report.
Recent activity
Aks Research Solutions Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Dinakar Sugirda ceased to be Director on 16 Feb 2021.
Frequently asked questions
Aks Research Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 06 February 2015 (11+ years old) and is registered under CIN U72900TN2015PTC099118.
Aks Research Solutions has 2 current directors:
- Varun Prasad Ravichandran - Director
- Sowrirajalu Ravichandran - Additional Director
The latest financial statements of Aks Research Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 20 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Aks Research Solutions is 33AAFCG8768B2ZK, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Aks Research Solutions is U72900TN2015PTC099118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aks Research Solutions was incorporated on 06 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
Aks Research Solutions has 1 deal on record (1 funding round), with disclosed funding of ₹6.16 Cr; the latest was in June 2015.
Dinakar Sugirda ceased to be Director on 16 Feb 2021. Nishanth Ravichandran ceased to be Managing Director on 16 Feb 2021. Sowrirajalu Ravichandran was appointed as Additional Director on 13 Mar 2020. Aks Research Solutions has 4 board changes on record in total.
The registered office of Aks Research Solutions is at 2 4th Cross Svs Nagar Valasaravakkam, Chennai, Tamil Nadu, India – 600087.
Aks Research Solutions operates in the information technology industry, in the IT products retail and distribution segment.