MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0044626
Antares Systems Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20 Cr
▲ 7% YoY
Net profit · FY 2025
₹2.02 Cr
Net margin 10.1%
EBITDA · FY 2025
₹2.84 Cr
EBITDA margin 14.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6.51 Cr
Issued & subscribed
Company age
29 yrs
Est. 1997
Employees · EPFO
148
Provident fund records
Directors on board
3
As per MCA filings
About Antares Systems Limited
Data last updated:
Antares Systems Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 19 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA1997PLC023187. Its GSTIN is 29AACCA3757H1ZK (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.51 Cr. It was formerly known as Antares Systems Private Limited. It is led by directors including Narasimaha Murthy Sadaram and Mythri Varambally Kumar.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹20 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹2.02 Cr (net margin 10.1%) and EBITDA of ₹2.84 Cr (EBITDA margin 14.2%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 18% over five years.
The company has about 148 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Antares Systems. Court records list 30 cases involving the company, including 5 filed by the company and 25 filed against it; 4 cases are pending.
Antares Systems Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0044626). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website antaressystems.com.
Company details
CIN U72900KA1997PLC023187
Registration Number 023187
Incorporation Date 19 December 1997
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0044626
CIN history
Antares Systems has one previous CIN (Corporate Identification Number): U85110KA1997PLC023187. The current CIN is U72900KA1997PLC023187, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA1997PLC023187 | Current |
| U85110KA1997PLC023187 | Previous |
Key People
Narasimaha Murthy Sadaram Director Mythri Varambally Kumar Director Brahmavar Varambally Suresh Kumar Director Recognitions & Rankings of Antares Systems
Contact details
Antares Systems Limited's registered office is in Bangalore, Karnataka. Its website is antaressystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address137/3 Honganasu Kengeri, Mysore Road, Bangalore, Karnataka, India – 560060
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Antares Systems Limited, buy the company report.
Comprehensive company report
Antares Systems Limited - one report that includes everything
- 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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Brands
Antares Systems operates one associated brand: Antares Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Web-based procurement solutions are delivered via a cloud platform. | antaressystems.com |
Business activity
The main business activity of Antares Systems 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 Antares Systems Limited, buy the company report.
Financials of Antares Systems Limited
FY 2025 filings availableAntares Systems Limited reported revenue of ₹20 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹20 Cr ▲ 7%
Net profit · FY 2025
₹2.02 Cr margin 10.1%
EBITDA · FY 2025
₹2.84 Cr margin 14.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 12%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▼ 29%
5 years · compounded
▼ 31%
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. EBITDA rose 44% 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 | ₹2.84 Cr | ||||
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| Net Profit (PAT) | ₹2.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Antares Systems Limited, buy the company report.
Board of directors of Antares Systems Limited
Antares Systems has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimaha Murthy Sadaram | Director | 21 Sep 2017 | 9 Years 1 Months | Current |
| Mythri Varambally Kumar | Director | 18 May 2009 | 17 Years 5 Months | Current |
| Brahmavar Varambally Suresh Kumar Also directs: Ankur Softech Solutions LLP | Director | 19 Dec 1997 | 28 Years 10 Months | Current |
Auditor
Antares Systems Limited is audited by Vishnu Ram & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishnu Ram & Co | FY 2023 | 004742S |
Shareholding
The shareholding of Antares Systems 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Antares Systems Limited, buy the company report.
Legal cases
Antares Systems Limited has 30 court cases on record: 5 filed by Antares Systems, 25 filed against it. 4 cases are pending and 26 are disposed.
Total cases
30
Filed by the company
5
Filed against the company
25
Pending
4
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 20 | 3 |
| District courts | 6 | 5 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Iti Limited and 4 others | Pending |
| Bombay High Court | Court case (NMW) | Filed against the company by L. G. Hausys India Pvt. Ltd. | Pending |
| Bombay High Court | Writ petition | Filed against the company by Safal Constructions India Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Oberoi Realty Limited | Disposed |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed against the company by M/S Metal Art Auto Pvt Ltd | Disposed |
To see the full case history of Antares Systems 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 Antares Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Antares Systems Limited has a workforce of 148 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
148
Active EPFO establishments
1
Employee growth
-18.68%
GST
Antares Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCA3757H1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Antares Systems Limited, buy the company report.
Recent activity
Antares Systems Limited has 6 board changes on record since 1997: 3 appointments and 3 cessations. The latest: Sitharama Somayaji Birthy ceased to be Additional Director on 12 Oct 2017.
AGM
Antares Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Antares Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Sitharama Somayaji Birthy ceased to be Additional Director.
Appointed
Narasimaha Murthy Sadaram was appointed as Director.
Ceased
Usha Suresh ceased to be Director.
Ceased
Arun Madhav Rao ceased to be Director.
Appointed
Mythri Varambally Kumar was appointed as Director.
Appointed
Brahmavar Varambally Suresh Kumar was appointed as Director.
Incorporation
19 Dec 1997
Antares Systems Limited was registered on 19 Dec 1997 with Roc Bangalore & aged 28 years 10 months as per MCA records.
Frequently asked questions
Antares Systems is an active public limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 19 December 1997 (29+ years old) and is registered under CIN U72900KA1997PLC023187.
Antares Systems has 3 current directors:
- Narasimaha Murthy Sadaram - Director
- Mythri Varambally Kumar - Director
- Brahmavar Varambally Suresh Kumar - Director
The latest financial statements of Antares Systems 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 Antares Systems is 29AACCA3757H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Antares Systems is U72900KA1997PLC023187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Antares Systems has 30 court cases on record: 5 filed by the company and 25 filed against it. 4 are pending. Most are in the high courts.
Antares Systems was incorporated on 19 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Sitharama Somayaji Birthy ceased to be Additional Director on 12 Oct 2017. Narasimaha Murthy Sadaram was appointed as Director on 21 Sep 2017. Usha Suresh ceased to be Director on 14 Oct 2013. Antares Systems has 6 board changes on record in total.
Yes, Antares Systems is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0044626).
Antares Systems can be reached through the website antaressystems.com. Its registered office is in Bangalore, Karnataka, India.