About Bits Portfolio Advisors Private Limited
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Bits Portfolio Advisors Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the portfolio management services segment of the financial services sector. It was incorporated on 23 February 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2009PTC190514. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹40 Lakh and a paid-up capital of ₹18.3 Lakh. It was led by directors Binutha Raj Vasanth and Bharat Bahadur Singh.
Its last annual general meeting (AGM) was held on 17 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Office No. 126 First Flr Vardhaman Market Chsl Sector 17 Plot No. 75 Vashi, Navi Mumbai, Maharashtra, India – 400703.
As per the financials filed for FY 2020, the company reported a revenue of ₹21.12 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹12.31 Lakh (net margin -58.3%) and EBITDA of -₹11.33 Lakh (EBITDA margin -53.6%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 13% over five years.
The last known website on record is bitsportfolio.com.
Company details
Contact details
Bits Portfolio Advisors Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is bitsportfolio.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOffice No. 126 First Flr Vardhaman Market Chsl Sector 17 Plot No. 75 Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Bits Portfolio Advisors 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 Bits Portfolio Advisors is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Bits Portfolio Advisors Private Limited, buy the company report.
Financials of Bits Portfolio Advisors Private Limited
FY 2020 filings availableBits Portfolio Advisors Private Limited reported revenue of ₹21.12 Lakh (down 53% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 53% fall in the latest year. EBITDA fell 236% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹11.33 Lakh | ||||
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| Net Profit (PAT) | -₹12.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | -53.6% | ||||
| Net Profit Margin | -58.3% | ||||
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To see the full financial statements and ratios of Bits Portfolio Advisors Private Limited, buy the company report.
Board of directors of Bits Portfolio Advisors Private Limited
Bits Portfolio Advisors has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Binutha Raj Vasanth | Director | 23 Feb 2009 | 17 Years 8 Months | As last reported |
| Bharat Bahadur Singh | Director | 30 Jun 2019 | 7 Years 3 Months | As last reported |
Peer comparison
Bits Portfolio Advisors Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Portfolio Managers), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Forum Synergies (India) Pe Fund Managers Private Limited | ₹22.1 Lakh (FY 2023) | -65.0% | Bangalore, Karnataka, India | |||
| Bits Portfolio Advisors Private Limitedthis company | ₹21.12 Lakh (FY 2020) | -₹12.31 Lakh | -58.3% | -53.0% | Navi Mumbai, Maharashtra, India | |
| Velth Grow Securities Private Limited | ₹21.06 Lakh (FY 2024) | 7.0% | Mohali, Punjab, India | |||
| Mavm Angels Network Private Limited | ₹20.79 Lakh (FY 2024) | -98.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bits Portfolio Advisors Private Limited, buy the company report.
Auditor
Bits Portfolio Advisors Private Limited is audited by Ritesh Aggarwal for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ritesh Aggarwal | FY 2015 |
Shareholding
The shareholding of Bits Portfolio Advisors Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bits Portfolio Advisors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bits Portfolio Advisors 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 Bits Portfolio Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bits Portfolio Advisors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bits Portfolio Advisors Private Limited, buy the company report.
Recent activity
Bits Portfolio Advisors Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Bharat Bahadur Singh was appointed as Director on 30 Jun 2019.
Frequently asked questions
Bits Portfolio Advisors has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Bits Portfolio Advisors was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in portfolio management services, within the financial services industry. It was incorporated on 23 February 2009 and is registered under CIN U67190MH2009PTC190514. The company has been struck off by the Registrar of Companies and is no longer operational.
Bits Portfolio Advisors had 2 directors:
- Binutha Raj Vasanth - Director
- Bharat Bahadur Singh - Director
The CIN (Corporate Identification Number) of Bits Portfolio Advisors is U67190MH2009PTC190514. 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 Bits Portfolio Advisors is at Office No. 126 First Flr Vardhaman Market Chsl Sector 17 Plot No. 75 Vashi, Navi Mumbai, Maharashtra, India – 400703.
Bits Portfolio Advisors was incorporated on 23 February 2009. It is registered with the Registrar of Companies, Mumbai.
Bits Portfolio Advisors can be reached through the website bitsportfolio.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Bits Portfolio Advisors on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 17 December 2020. Year-wise statements from 2015 are in the company report.
No. Bits Portfolio Advisors has 1 GST registration on record and it is cancelled or inactive.
Bits Portfolio Advisors operated in the financial services industry, in the portfolio management services segment. It worked in this industry before it was struck off.
The peers of Bits Portfolio Advisors by revenue are Forum Synergies (India) Pe Fund Managers Private Limited, Velth Grow Securities Private Limited, Mavm Angels Network Private Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (other financial activities).