Ashtalakshmi Business Solutions Private Limited
About Ashtalakshmi Business Solutions Private Limited
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Ashtalakshmi Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 10 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63040KA2014PTC074802. Its GSTIN is 29AAMCA6646B1ZK (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Srinivasa Munireddy (Managing Director) and Kiran Mukundan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.12/A 24th Main Road 1st Phase J P Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2019, the company reported a revenue of ₹32.46 Lakh, a growth of 58% compared to the previous year. For the same year it recorded a net loss of ₹9.56 Lakh (net margin -29.5%) and EBITDA of -₹8.86 Lakh (EBITDA margin -27.3%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ashtalakshmi Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.12/A 24th Main Road 1st Phase J P Nagar, Bangalore, Karnataka, India – 560078
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Ashtalakshmi 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
Business activity
The main business activity of Ashtalakshmi Business Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Ashtalakshmi Business Solutions Private Limited, buy the company report.
Financials of Ashtalakshmi Business Solutions Private Limited
FY 2019 filings availableAshtalakshmi Business Solutions Private Limited reported revenue of ₹32.46 Lakh (up 58% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 91% over three years, including 58% growth in the latest year. EBITDA fell 59% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹8.86 Lakh | ||||
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| Net Profit (PAT) | -₹9.56 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | -27.3% | ||||
| Net Profit Margin | -29.5% | ||||
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To see the full financial statements and ratios of Ashtalakshmi Business Solutions Private Limited, buy the company report.
Board of directors of Ashtalakshmi Business Solutions Private Limited
Ashtalakshmi Business 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 |
|---|---|---|---|---|
| Srinivasa Munireddy | Managing Director | 10 Jun 2014 | 12 Years 4 Months | Current |
| Kiran Mukundan | Director | 10 Jun 2014 | 12 Years 4 Months | Current |
Auditor
Ashtalakshmi Business Solutions Private Limited is audited by MUKUNDA SHIVA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUNDA SHIVA & ASSOCIATES | FY 2017 | 011768S |
Shareholding
The shareholding of Ashtalakshmi Business Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ashtalakshmi Business Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2015 | 10564064 | State Bank of Mysore | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ashtalakshmi 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
No delayed payments to MSME suppliers are on our record for Ashtalakshmi Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashtalakshmi Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCA6646B1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashtalakshmi Business Solutions Private Limited, buy the company report.
Recent activity
Ashtalakshmi Business Solutions Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Dinesh Arjun Asarani ceased to be Director on 20 Apr 2019.
Frequently asked questions
Ashtalakshmi Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 10 June 2014 (12+ years old) and is registered under CIN U63040KA2014PTC074802.
Ashtalakshmi Business Solutions has 2 current directors:
- Srinivasa Munireddy - Managing Director
- Kiran Mukundan - Director
The latest financial statements of Ashtalakshmi Business Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashtalakshmi Business Solutions is 29AAMCA6646B1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Ashtalakshmi Business Solutions is U63040KA2014PTC074802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtalakshmi Business Solutions was incorporated on 10 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Dinesh Arjun Asarani ceased to be Director on 20 Apr 2019. Sudhir Babu Bachineni ceased to be Director on 18 Jul 2018. Kiran Mukundan was appointed as Director on 10 Jun 2014. Ashtalakshmi Business Solutions has 4 board changes on record in total.
The registered office of Ashtalakshmi Business Solutions is at No.12A 24th Main Road 1st Phase J P Nagar, Bangalore, Karnataka, India – 560078.
Ashtalakshmi Business Solutions operates in the agriculture industry, in the agro retail and distribution segment.
Ashtalakshmi Business Solutions has open charges of ₹20 Lakh and no satisfied charges on record as per latest MCA filings.
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