Assyst Information Technologies Private Limited
About Assyst Information Technologies Private Limited
Data last updated:
Assyst Information Technologies Private Limited was a private limited company based in Madurai, Tamil Nadu, India, operated as a subsidiary of Assyst International Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 10 December 2009.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2009PTC073860. Its GSTIN is 32AAICA3040P1ZQ (Kerala).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It was led by directors including Nandini Akkirath Mundanat and Sunil Kumar.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at No 35 ( II Nd Floor ) North Masi Street, Madurai, Tamil Nadu, India – 625001.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.18 Cr, a growth of 97% compared to the previous year. For the same year it recorded a net profit of ₹94.03 Lakh (net margin 79.6%) and EBITDA of ₹1.17 Cr (EBITDA margin 98.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 15% over five years.
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- Registered AddressNo 35 ( II Nd Floor ) North Masi Street, Madurai, Tamil Nadu, India – 625001
- IndustryInformation Technology, Software Development & Support Services
- 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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Business Activity of Assyst Information Technologies Private Limited
The main business activity of Assyst Information Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Assyst Information Technologies Private Limited FY 2022 filings available
Assyst Information Technologies Private Limited reported revenue of ₹1.18 Cr (up 97% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Assyst Information Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 97% growth in the latest year. EBITDA rose 96% 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 of Assyst Information Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹94.03 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Assyst Information Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 79.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Assyst Information Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Assyst Information Technologies Private Limited
Assyst Information Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandini Akkirath Mundanat Also directs: Panapps International Private Limited | Director | 16 Nov 2020 | 5 Years 11 Months | As last reported |
| Sunil Kumar Also directs: Panapps International Private Limited | Director | 21 Aug 2019 | 7 Years 2 Months | As last reported |
| Shankar Thiruvillakkat Also directs: Guadua Restaurant Services LLP, Banasura Eco Resorts Private Limited, Sprint Technologies Private Limited and 1 more | Director | 10 Dec 2009 | 16 Years 10 Months | As last reported |
Peer Comparison of Assyst Information Technologies Private Limited
Assyst Information Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Versify Tech Solutions Private Limited | ₹1.19 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Chennai, Tamil Nadu, India |
| Cursor Soft Private Limited | ₹1.19 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Surat, Gujarat, India |
| Ivision Software Private Limited | ₹1.18 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
| Statnetics Dsoft Private Limited | ₹1.18 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Zos Software Development Private Limited | ₹1.18 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Assyst Information Technologies Private Limited this company | ₹1.18 Cr (FY 2022) | •••• | •••• | 97.0% | •••• | Madurai, Tamil Nadu, India |
| Syspro Infotech Private Limited | ₹1.18 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| Tdpro IT Services Private Limited | ₹1.18 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | New Delhi, Delhi, India |
| Euro Infra Solutions Private Limited | ₹1.18 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Thane, Maharashtra, India |
| Resurgent Facilities Management Private Limited | ₹1.18 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Hyderabad, Telangana, India |
| Procure Consultancy (India ) Private Limited | ₹1.18 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Indore, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Assyst Information Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Assyst Information Technologies Private Limited
Assyst Information Technologies Private Limited is audited by R KRISHNA IYER & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R KRISHNA IYER & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Assyst Information Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Assyst Information Technologies Private Limited
Assyst Information Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Assyst Information Technologies Private Limited
Assyst Information Technologies Private Limited has a workforce of 0 employees as of Mar 26, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Assyst Information Technologies Private Limited
Assyst Information Technologies Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Nandini Akkirath Mundanat ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Assyst Information Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Assyst Information Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Assyst Information Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Assyst Information Technologies Private Limited
Assyst Information Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAICA3040P1ZQ | Kerala | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Assyst Information Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Assyst Information Technologies Private Limited
Assyst Information Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Assyst Information Technologies was a private limited company based in Madurai, Tamil Nadu, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 10 December 2009 and is registered under CIN U72900TN2009PTC073860. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Assyst Information Technologies was incorporated on 10 December 2009. It is registered with the Registrar of Companies, Chennai.
Assyst Information Technologies had 3 directors:
- Nandini Akkirath Mundanat - Director
- Sunil Kumar - Director
- Shankar Thiruvillakkat - Director
The CIN (Corporate Identification Number) of Assyst Information Technologies is U72900TN2009PTC073860. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Assyst Information Technologies is at No 35 II Nd Floor North Masi Street, Madurai, Tamil Nadu, India – 625001.
Assyst Information Technologies reported revenue of ₹1.18 Cr for FY 2022 (up 97% YoY).
Assyst Information Technologies has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr.
Assyst Information Technologies reported a net profit of ₹94.03 Lakh (net margin 79.6%) and EBITDA of ₹1.17 Cr (EBITDA margin 98.9%) for FY 2022, as per its filed financial statements.
The GSTIN of Assyst Information Technologies is 32AAICA3040P1ZQ, registered in Kerala.
Assyst Information Technologies operated in the information technology industry, in the software development and support services segment.