About B2x Service Solutions India Private Limited
Data last updated:
B2x Service Solutions India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of B2x Care Solutions Gmbh. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 28 May 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2010PTC203520. Its GSTIN is 27AADCT4870H1Z4 (Maharashtra). The company holds 17 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.41 Cr and a paid-up capital of ₹1.58 Cr. It was formerly known as Tss Service Solutions Private Limited. It is led by directors including Gopalakrishnan Subrahmaniam (Irp/Rp/Liquidator) and Dion Carter.
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹53.87 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹2.54 Cr (net margin -4.7%) and EBITDA of -₹1.68 Cr (EBITDA margin -3.1%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 20% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: B2X Care Solutions. As per MCA filings, the company has open charges of ₹2.06 Cr and satisfied charges of ₹10.8 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 19 deals on record (12 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹58.88 Cr; the latest was in March 2021. The company has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier.
The last known website on record is b2x.com.
Company details
Contact details
B2x Service Solutions India Private Limited's registered office is in Mumbai, Maharashtra. Its website is b2x.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No.1 Part Of No.3 1st Floor I Wing Tex Centre 26 – A Chandivali Road Andhe Ri East, India, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of B2x Service 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
Brands
B2x Service Solutions India operates one associated brand: B2X Care Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Customer care solutions for electronic device repairs are managed globally. | b2x.com |
Business activity
The main business activity of B2x Service 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 B2x Service Solutions India Private Limited, buy the company report.
Financials of B2x Service Solutions India Private Limited
FY 2023 filings availableB2x Service Solutions India Private Limited reported revenue of ₹53.87 Cr (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 19% fall in the latest year. EBITDA fell 148% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹53.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.54 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.1% | ||||
| Net Profit Margin | -4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of B2x Service Solutions India Private Limited, buy the company report.
Board of directors of B2x Service Solutions India Private Limited
B2x Service Solutions India has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopalakrishnan Subrahmaniam Also directs: Spark Resolutions LLP | Irp/Rp/Liquidator | 04 Jan 2024 | 2 Years 9 Months | As last reported |
| Dion Carter | Director | 30 May 2019 | 7 Years 5 Months | As last reported |
| Neelima Anil Bhate Also directs: Sanj & Associates LLP | Irp/Rp/Liquidator | 19 Nov 2024 | 1 Years 11 Months | As last reported |
| Altaf Sharif Chaki | Director | 01 Mar 2021 | 5 Years 7 Months | As last reported |
Auditor
B2x Service Solutions India Private Limited is audited by Kothawade & Laddha for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kothawade & Laddha | FY 2023 | 105339W |
Shareholding
The shareholding of B2x Service 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 B2x Service Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2015 | 10556115 | B2X Care Solutions Gmbh | ₹2.06 Cr | Open | |
| 28 Jul 2017 | 100119827 | Axis Bank Limited | ₹10 Cr | Satisfied | |
| 06 Jan 2014 | 10469343 | Hdfc Bank Limited | ₹80 Lakh | Satisfied |
To see the full charge records of B2x Service Solutions India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
B2x Service Solutions India Private Limited has 19 deals on record (12 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹58.88 Cr; the latest was in March 2021.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: B2X Care Solutions Gmbh & Dion Carter, B2x Care Solutions Gmbh Seller: B2x Care Solutions Gmbh, an individual |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: B2x Care Solutions Gmbh Seller: 2 individuals |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: B2x Care Solutions Gmbh Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: B2x Care Solutions Gmbh Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: B2x Care Solutions Gmbh Seller: an individual |
To see the full deal history of B2x Service Solutions India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
B2x Service Solutions India Private Limited has 4 court cases on record: 1 filed by B2x Service Solutions India, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Kochar Infotech Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against M/S. Nitin Etnerprises | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Novatta Innovative Solution | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The State of Gujarat | Disposed |
To see the full case history of B2x Service Solutions India Private 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
B2x Service Solutions India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Profectus Management Services Private Limited |
To see the full MSME payment records of B2x Service Solutions India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
B2x Service Solutions India Private Limited has a workforce of 82 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
B2x Service Solutions India has 17 GST registrations: 1 active and 16 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT4870H1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of B2x Service Solutions India Private Limited, buy the company report.
Recent activity
B2x Service Solutions India Private Limited has 23 board changes on record since 2010: 4 appointments and 19 cessations. The latest: Neelima Anil Bhate was appointed as Irp/Rp/Liquidator on 19 Nov 2024.
20 earlier events are in the company report.
Frequently asked questions
B2x Service Solutions India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
B2x Service Solutions India is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 28 May 2010 and is registered under CIN U74120MH2010PTC203520. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
B2x Service Solutions India has 4 current directors:
- Dion Carter - Director
- Altaf Sharif Chaki - Director
- Gopalakrishnan Subrahmaniam - Irp/Rp/Liquidator
- Neelima Anil Bhate - Irp/Rp/Liquidator
The latest financial statements of B2x Service Solutions India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 June 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of B2x Service Solutions India is U74120MH2010PTC203520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B2x Service Solutions India has open charges of ₹2.06 Cr and satisfied charges of ₹10.8 Cr as per latest MCA filings.
B2x Service Solutions India has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
B2x Service Solutions India was incorporated on 28 May 2010. It is registered with the Registrar of Companies, Mumbai.
B2x Service Solutions India has 19 deals on record (12 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹58.88 Cr; the latest was in March 2021.
Neelima Anil Bhate was appointed as Irp/Rp/Liquidator on 19 Nov 2024. Gopalakrishnan Subrahmaniam was appointed as Irp/Rp/Liquidator on 04 Jan 2024. Altaf Sharif Chaki ceased to be Additional Director on 07 Feb 2022. B2x Service Solutions India has 23 board changes on record in total.
B2x Service Solutions India has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 17 Oct 2022.
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