About Assimilate Solutions India Private Limited
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Assimilate Solutions India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Assimilate Solutions Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2012PTC151161. Its GSTIN is 33AAKCA4501H1Z3 (Tamil Nadu). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Franco Michael Joseph and Jeetender Jaswant Harisinghani.
Its last annual general meeting (AGM) was held on 18 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Altius Olympia Technology Park – 1 SIDCO Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.48 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹3.45 Cr (net margin 8.3%) and EBITDA of ₹8.21 Cr (EBITDA margin 19.8%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
The company has about 328 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹62.1 Lakh and satisfied charges of ₹62.1 Lakh on record. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2013. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Indihood Private Limited with revenue of ₹41.65 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website situsamc.com.
Company details
CIN history
Assimilate Solutions India has one previous CIN (Corporate Identification Number): U72900DL2012PTC234517. The current CIN is U72900TN2012PTC151161, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TN2012PTC151161 | Current |
| U72900DL2012PTC234517 | Previous |
Contact details
Assimilate Solutions India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is situsamc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Altius Olympia Technology Park – 1 SIDCO Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Assimilate Solutions India 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 Assimilate Solutions India 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 Assimilate Solutions India Private Limited, buy the company report.
Financials of Assimilate Solutions India Private Limited
FY 2024 filings availableAssimilate Solutions India Private Limited reported revenue of ₹41.48 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 42% fall in the latest year. EBITDA fell 31% 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 | ₹8.21 Cr | ||||
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| Net Profit (PAT) | ₹3.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 8.3% | ||||
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To see the full financial statements and ratios of Assimilate Solutions India Private Limited, buy the company report.
Board of directors of Assimilate Solutions India Private Limited
Assimilate Solutions India has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Franco Michael Joseph Also directs: Situsamc India Private Limited | Director | 24 Sep 2021 | 5 Years 1 Months | Current |
| Jeetender Jaswant Harisinghani | Director | 11 May 2023 | 3 Years 5 Months | Current |
| Suresh Venkata Akella Also directs: Situsamc India Private Limited | Additional Director | 11 Aug 2025 | 1 Years 2 Months | Current |
| Lisa Wallace Also directs: Situsamc India Private Limited | Director | 29 Nov 2023 | 2 Years 11 Months | Current |
| Priyankar Ghosh Also directs: Situsamc India Private Limited | Director | 26 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
Assimilate Solutions India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indihood Private Limited | ₹41.65 Cr (FY 2025) | 8.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Antuit India Private Limited | ₹41.64 Cr (FY 2024) | -19.0% | Bangalore, Karnataka, India | |||
| Ecosmob Technologies Private Limited | ₹41.63 Cr (FY 2025) | 32.0% | Ahmedabad, Gujarat, India | |||
| Cavin Infotech Private Limited | ₹41.56 Cr (FY 2025) | 143.0% | Chennnai, Tamil Nadu, India | |||
| Montecino Constructions Private Limited | ₹41.48 Cr (FY 2024) | -44.0% | Mumbai, Maharashtra, India | |||
| Assimilate Solutions India Private Limitedthis company | ₹41.48 Cr (FY 2025) | ₹3.45 Cr | 8.3% | -42.0% | 328 | Chennai, Tamil Nadu, India |
| Vlead Design Services Private Limited | ₹41.46 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Itsacheckmate.Com Services India Private Limited | ₹41.45 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Vama Events Private Limited | ₹41.44 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Inter Publicity Private Limited | ₹41.42 Cr (FY 2025) | 111.0% | Mumbai, Maharashtra, India | |||
| Corra Technology Research and Development India Private Limited | ₹41.33 Cr (FY 2025) | -22.0% | Kanayannur, Kerala, India |
To see the full peer comparison of Assimilate Solutions India Private Limited, buy the company report.
Auditor
Assimilate Solutions India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Assimilate Solutions India Private 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Assimilate Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2021 | 100442653 | Citi Bank N.A. | ₹62.1 Lakh | Satisfied |
To see the full charge records of Assimilate Solutions India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Assimilate Solutions India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Assimilate Solutions Llc & Jasjit Singh Anand, Assimilate Solutions Llc Seller: 2 individuals |
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 Assimilate Solutions India 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
Assimilate Solutions India Private Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Crayon IT Services Private Limited | |||
| an individual supplier | |||
| Ideator Engineering Private Limited | |||
| an individual supplier | |||
| Techrover Technologies Private Limited |
To see the full MSME payment records of Assimilate Solutions India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Assimilate Solutions India Private Limited has a workforce of 328 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Assimilate Solutions India has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCA4501H1Z3 | Tamil Nadu | Active | 26 Oct 2022 |
| 04AAKCA4501H1Z4 | Chandigarh | Active | 01 Jul 2017 |
| 06AAKCA4501H1Z0 | Haryana | Active | 01 Jul 2017 |
| 09AAKCA4501H1ZU | Uttar Pradesh | Active | 24 Jan 2020 |
To see the full GST registrations and return filing status of Assimilate Solutions India Private Limited, buy the company report.
Recent activity
Assimilate Solutions India Private Limited has 12 board changes on record since 2021: 5 appointments and 7 cessations. The latest: Suresh Venkata Akella was appointed as Additional Director on 11 Aug 2025.
5 earlier events are in the company report.
Frequently asked questions
Assimilate Solutions India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 April 2012 (14+ years old) and is registered under CIN U72900TN2012PTC151161.
Assimilate Solutions India has 5 current directors:
- Franco Michael Joseph - Director
- Jeetender Jaswant Harisinghani - Director
- Suresh Venkata Akella - Additional Director
- Lisa Wallace - Director
- Priyankar Ghosh - Director
The latest financial statements of Assimilate Solutions India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Assimilate Solutions India is 33AAKCA4501H1Z3, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 04AAKCA4501H1Z4 (Chandigarh), 06AAKCA4501H1Z0 (Haryana), 09AAKCA4501H1ZU (Uttar Pradesh).
The CIN (Corporate Identification Number) of Assimilate Solutions India is U72900TN2012PTC151161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Assimilate Solutions India was incorporated on 19 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
Assimilate Solutions India has 1 deal on record (1 secondary share transfer); the latest was in December 2013.
The peers of Assimilate Solutions India by revenue are Indihood Private Limited, Antuit India Private Limited, Ecosmob Technologies Private Limited, Cavin Infotech Private Limited, Montecino Constructions Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Suresh Venkata Akella was appointed as Additional Director on 11 Aug 2025. Lisa Wallace ceased to be Additional Director on 17 Sep 2024. Simon Kieran Levene ceased to be Additional Director on 17 Sep 2024. Assimilate Solutions India has 12 board changes on record in total.
Assimilate Solutions India has 5 MSME Form 1 returns on record between 2019 and 2024, listing 21 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Assimilate Solutions India can be reached through the website situsamc.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Assimilate Solutions India is at 2nd Floor Altius Olympia Technology Park – 1 SIDCO Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
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