About Appsource Services Private Limited
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Appsource Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the placement services segment of the professional services sector. It was incorporated on 03 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC079104. Its GSTIN is 29AANCA2734M1Z7 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Renukambike Udaykumar and Kumaran Teekaramu Teekaramu.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at # 12 Ramanuja Plaza 1st Floor 5th Cross Malleshwaram, Bangalore, Karnataka, India – 560003.
As per the financials filed for FY 2023, the company reported a revenue of ₹26.84 Lakh, a growth of 77% compared to the previous year. For the same year it recorded a net profit of ₹32,902 (net margin 1.2%) and EBITDA of ₹97,497 (EBITDA margin 3.6%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 5% over five years.
The company is associated with 1 brand: Appsource Services.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website appsource.in.
Company details
Contact details
Appsource Services Private Limited's registered office is in Bangalore, Karnataka. Its website is appsource.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address# 12 Ramanuja Plaza 1st Floor 5th Cross Malleshwaram, Bangalore, Karnataka, India – 560003
- IndustryProfessional Services, Placement Services, Human Resources
To see the full contact details of Appsource Services 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
Appsource Services operates one associated brand: Appsource Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, software development, and staffing services worldwide. | appsource.in |
Business activity
The main business activity of Appsource Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Appsource Services Private Limited, buy the company report.
Financials of Appsource Services Private Limited
FY 2023 filings availableAppsource Services Private Limited reported revenue of ₹26.84 Lakh (up 77% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 77% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 124% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹97,497 | ||||
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| Net Profit (PAT) | ₹32,902 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Appsource Services Private Limited, buy the company report.
Board of directors of Appsource Services Private Limited
Appsource Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renukambike Udaykumar | Director | 28 Dec 2016 | 9 Years 10 Months | Current |
| Kumaran Teekaramu Teekaramu Also directs: Mitra Promotors and Developers Private Limited | Director | 03 Mar 2015 | 11 Years 7 Months | Current |
| Hemavathi Baba | Director | 03 Mar 2015 | 11 Years 7 Months | Current |
Shareholding
The shareholding of Appsource Services Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Appsource Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Appsource Services 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 Appsource Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Appsource Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCA2734M1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Appsource Services Private Limited, buy the company report.
Recent activity
Appsource Services Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Renukambike Udaykumar ceased to be Additional Director on 29 Sep 2017.
Frequently asked questions
Appsource Services is an active private limited company based in Bangalore, Karnataka, India. The company works in placement services, within the professional services industry. It was incorporated on 03 March 2015 (11+ years old) and is registered under CIN U74900KA2015PTC079104.
Appsource Services has 3 current directors:
- Renukambike Udaykumar - Director
- Kumaran Teekaramu Teekaramu - Director
- Hemavathi Baba - Director
The latest financial statements of Appsource Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Appsource Services is 29AANCA2734M1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Appsource Services is U74900KA2015PTC079104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Appsource Services was incorporated on 03 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Renukambike Udaykumar ceased to be Additional Director on 29 Sep 2017. Renukambike Udaykumar was appointed as Director on 28 Dec 2016. Hemavathi Baba was appointed as Director on 03 Mar 2015. Appsource Services has 4 board changes on record in total.
Appsource Services can be reached through the website appsource.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Appsource Services is at # 12 Ramanuja Plaza 1st Floor 5th Cross Malleshwaram, Bangalore, Karnataka, India – 560003.
Appsource Services operates in the professional services industry, in the placement services segment.
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