Bits Tact Infotech Private Limited
About Bits Tact Infotech Private Limited
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Bits Tact Infotech Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 18 October 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL1988PTC005202. Its GSTIN is 32AAACB9457F1ZT (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Talent Academy of Computer Technology Pvt Ltd. It is led by directors including Varghese Kooran Varkey (Managing Director) and Pratheesh Varghese.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kozhikode, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹3.55 Lakh (net margin 2.9%) and EBITDA of ₹8.78 Lakh (EBITDA margin 7.1%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹53 Lakh and satisfied charges of ₹3.5 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bits Tact Infotech Private Limited's registered office is in Kozhikode, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressThouhid Binaya Cda Colony Road, East Nadakkav P O, Kozhikode, Kerala, India – 673006
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
To see the full contact details of Bits Tact Infotech 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 Tact Infotech is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Bits Tact Infotech Private Limited, buy the company report.
Financials of Bits Tact Infotech Private Limited
FY 2024 filings availableBits Tact Infotech Private Limited reported revenue of ₹1.24 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 24% fall in the latest year. EBITDA rose 40% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8.78 Lakh | ||||
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| Net Profit (PAT) | ₹3.55 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Bits Tact Infotech Private Limited, buy the company report.
Board of directors of Bits Tact Infotech Private Limited
Bits Tact Infotech has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratheesh Varghese | Director | 30 Sep 1997 | 29 Years 0 Months | Current |
| Lekha Varghese Also directs: Micromart Ecom India Limited, Vembanad Abc Nidhi Limited | Director | 30 Sep 1997 | 29 Years 0 Months | Current |
| Varghese Kooran Varkey | Managing Director | 18 Oct 1988 | 38 Years 0 Months | Current |
| Chalakkalakam Abdussalam | Director | 29 Sep 1998 | 28 Years 0 Months | Current |
Auditor
Bits Tact Infotech Private Limited is audited by S V M ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V M ASSOCIATES | FY 2023 | 005793S |
Shareholding
The shareholding of Bits Tact Infotech 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 Bits Tact Infotech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2014 | 10529303 | Hdfc Bank Limited | ₹53 Lakh | Open | |
| 15 Dec 1989 | 90015772 | State Bank of India | ₹50,000 | Satisfied | |
| 09 Jan 1989 | 90015702 | State Bank of India | ₹3 Lakh | Satisfied |
To see the full charge records of Bits Tact Infotech Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Bits Tact Infotech Private Limited has 3 court cases on record: 1 filed by Bits Tact Infotech, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Cyberstar Infocom Pvt Ltd., | Disposed |
| High Court | Appeal | Filed by the company against an individual | Disposed |
| High Court | Court case (Crl.MC) | Filed against the company by an individual | Disposed |
To see the full case history of Bits Tact Infotech 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
No delayed payments to MSME suppliers are on our record for Bits Tact Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bits Tact Infotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACB9457F1ZT | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bits Tact Infotech Private Limited, buy the company report.
Recent activity
Bits Tact Infotech Private Limited has 4 board changes on record since 1988: 4 appointments. The latest: Chalakkalakam Abdussalam was appointed as Director on 29 Sep 1998.
2 earlier events are in the company report.
Frequently asked questions
Bits Tact Infotech is an active private limited company based in Kozhikode, Kerala, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 18 October 1988 (38+ years old) and is registered under CIN U72200KL1988PTC005202.
Bits Tact Infotech has 4 current directors:
- Varghese Kooran Varkey - Managing Director
- Pratheesh Varghese - Director
- Lekha Varghese - Director
- Chalakkalakam Abdussalam - Director
The latest financial statements of Bits Tact Infotech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bits Tact Infotech is 32AAACB9457F1ZT, registered in Kerala.
The CIN (Corporate Identification Number) of Bits Tact Infotech is U72200KL1988PTC005202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bits Tact Infotech has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
Bits Tact Infotech was incorporated on 18 October 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ernakulam.
Chalakkalakam Abdussalam was appointed as Director on 29 Sep 1998. Lekha Varghese was appointed as Director on 30 Sep 1997. Pratheesh Varghese was appointed as Director on 30 Sep 1997. Bits Tact Infotech has 4 board changes on record in total.
The registered office of Bits Tact Infotech is at Thouhid Binaya Cda Colony Road, East Nadakkav P O, Kozhikode, Kerala, India – 673006.
Bits Tact Infotech operates in the information technology industry, in the IT products retail and distribution segment.