About Bias IT Consulting Private Limited
Data last updated:
Bias IT Consulting Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Bias International Holdings Inc. 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 consulting and support services segment of the technology and IT services sector. It was incorporated on 24 May 2010.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC152930. Its GSTIN is 29AAECB1289R1ZX (Karnataka). The company holds 4 GST registrations, of which 2 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 Dasaradha Ramireddy Chereddy and Ramireddy Medam.
Its last annual general meeting (AGM) was held on 21 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Flat No 202 Vishreya Heights House No 36 1st Cross Chikka Banaswadi, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2021, the company reported a revenue of ₹10.4 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹71.81 Lakh (net margin 6.9%) and EBITDA of ₹1.64 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹72 Lakh on record.
The last known website on record is biascorp.com.
Company details
CIN history
Bias IT Consulting has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200KA2010PTC152930, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2010PTC152930 | Current |
| U72200TG2010PTC068556 | Previous |
| U72200AP2010PTC068556 | Previous |
Contact details
Bias IT Consulting Private Limited's registered office is in Bangalore, Karnataka. Its website is biascorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 202 Vishreya Heights House No 36 1st Cross Chikka Banaswadi, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Bias IT Consulting 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 Bias IT Consulting 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 Bias IT Consulting Private Limited, buy the company report.
Financials of Bias IT Consulting Private Limited
FY 2021 filings availableBias IT Consulting Private Limited reported revenue of ₹10.4 Cr (down 33% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 62% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹10.4 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.81 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bias IT Consulting Private Limited, buy the company report.
Board of directors of Bias IT Consulting Private Limited
Bias IT Consulting 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 |
|---|---|---|---|---|
| Ramireddy Medam | Additional Director | 01 Feb 2022 | 4 Years 9 Months | As last reported |
| Dasaradha Ramireddy Chereddy | Director | 24 May 2010 | 16 Years 5 Months | As last reported |
Peer comparison
Bias IT Consulting 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 |
|---|---|---|---|---|---|---|
| Vegayan Systems Private Limited | ₹10.41 Cr (FY 2025) | 59.0% | Mumbai, Maharashtra, India | |||
| Feba Technologies Private Limited | ₹10.41 Cr (FY 2024) | -9.0% | Secunderabad, Telangana, India | |||
| Exelan Networking Technologies Private Limited | ₹10.4 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| JMK Infosoft Solutions Limited | ₹10.4 Cr (FY 2024) | 1.0% | Aurangabad, Maharashtra, India | |||
| Zaurac Consulting Private Limited | ₹10.4 Cr (FY 2024) | 178.0% | Kannur, Kerala, India | |||
| Bias IT Consulting Private Limitedthis company | ₹10.4 Cr (FY 2021) | ₹71.81 Lakh | 6.9% | -33.0% | 1 | Bangalore, Karnataka, India |
| Abhyram IT Solutions Private Limited | ₹10.38 Cr (FY 2025) | 75.0% | Bangalore, Karnataka, India | |||
| TTS Business Services Private Limited | ₹10.37 Cr (FY 2024) | 28.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Infomagnus Technologies India Private Limited | ₹10.33 Cr (FY 2024) | -6.0% | Hyderabad, Telangana, India | |||
| Softmanage Solution & Services Private Limited | ₹10.32 Cr (FY 2024) | 27.0% | Dombivli, Maharashtra, India | |||
| V R Della IT Services Private Limited | ₹10.32 Cr (FY 2025) | 9.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Bias IT Consulting Private Limited, buy the company report.
Auditor
Bias IT Consulting Private Limited is audited by THIRUPATHI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THIRUPATHI & ASSOCIATES | FY 2021 | 013000S |
Shareholding
The shareholding of Bias IT Consulting Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bias IT Consulting Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2016 | 10620442 | Hdfc Bank Limited | ₹72 Lakh | Satisfied |
To see the full charge records of Bias IT Consulting Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Bias IT Consulting 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 Bias IT Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bias IT Consulting has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Employees & EPFO
Bias IT Consulting Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Bias IT Consulting has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECB1289R1ZX | Karnataka | Active | 01 Jul 2017 |
| 36AAECB1289R2Z1 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bias IT Consulting Private Limited, buy the company report.
Recent activity
Bias IT Consulting Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Pankaj Bora ceased to be Director on 01 Feb 2022.
News
Frequently asked questions
Bias IT Consulting 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.
Bias IT Consulting is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 May 2010 and is registered under CIN U72200KA2010PTC152930. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bias IT Consulting has 2 current directors:
- Ramireddy Medam - Additional Director
- Dasaradha Ramireddy Chereddy - Director
The latest financial statements of Bias IT Consulting on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 21 October 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bias IT Consulting is U72200KA2010PTC152930. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bias IT Consulting has no open charges and satisfied charges of ₹72 Lakh as per latest MCA filings.
Bias IT Consulting was incorporated on 24 May 2010. It is registered with the Registrar of Companies, Bangalore.
The peers of Bias IT Consulting by revenue are Vegayan Systems Private Limited, Feba Technologies Private Limited, Exelan Networking Technologies Private Limited, JMK Infosoft Solutions Limited, Zaurac Consulting Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Pankaj Bora ceased to be Director on 01 Feb 2022. Ramireddy Medam was appointed as Additional Director on 01 Feb 2022. Jyothi Chereddy ceased to be Director on 14 Apr 2021. Bias IT Consulting has 4 board changes on record in total.
Bias IT Consulting can be reached through the website biascorp.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bias IT Consulting is at Flat No 202 Vishreya Heights House No 36 1st Cross Chikka Banaswadi, Bangalore, Karnataka, India – 560043.
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