About Business Buddies IT Solutions Private Limited
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Business Buddies IT Solutions Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 30 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72200MP2012PTC027584. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jayant Laxman Patil and Amol Nagraj.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at E – 7/259 Lig Arera Colony, Bhopal, Madhya Pradesh, India – 464016.
As per the financials filed for FY 2016, the company reported a revenue of ₹9.86 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹18,165 (net margin 1.8%) and EBITDA of ₹1.64 Lakh (EBITDA margin 16.7%).
The company is associated with 1 brand: Business Buddies. As per MCA filings, the company has open charges of ₹5.5 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website businessbuddies.in.
Company details
Contact details
Business Buddies IT Solutions Private Limited's registered office is in Bhopal, Madhya Pradesh.
- Social Media
- Registered AddressE – 7/259 Lig Arera Colony, Bhopal, Madhya Pradesh, India – 464016
- IndustryInformation Technology, Computer Programming, Consultancy
- 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
Business Buddies IT Solutions operates one associated brand: Business Buddies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT and digital marketing services to support business needs. | businessbuddies.in |
Business activity
The main business activity of Business Buddies IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Business Buddies IT Solutions Private Limited, buy the company report.
Financials of Business Buddies IT Solutions Private Limited
FY 2021 filings availableBusiness Buddies IT Solutions Private Limited reported revenue of ₹9.86 Lakh (down 38% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year. EBITDA fell 45% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.64 Lakh | |
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| Tax Expense | ||
| Net Profit (PAT) | ₹18,165 | |
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 16.7% | |
| Net Profit Margin | 1.8% | |
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To see the full financial statements and ratios of Business Buddies IT Solutions Private Limited, buy the company report.
Board of directors of Business Buddies IT Solutions Private Limited
Business Buddies IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Laxman Patil | Director | 30 Jan 2012 | 14 Years 9 Months | Current |
| Amol Nagraj | Director | 30 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Business Buddies IT Solutions Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reydas Career Consultants Private Limited | ₹9.87 Lakh (FY 2019) | -11.0% | Hyderabad, Telangana, India | |||
| Yaticorp India Private Limited | ₹9.87 Lakh (FY 2021) | -52.0% | Bangalore, Karnataka, India | |||
| Mico Netcovet Private Limited | ₹9.87 Lakh (FY 2016) | Jamia Nagar, New Delhi, Delhi, India | ||||
| Selligence Technologies Services Private Limited | ₹9.87 Lakh (FY 2018) | 0.0% | Gurgaon, Haryana, India | |||
| Nextline Software Technologies Private Limited | ₹9.86 Lakh (FY 2025) | 70.0% | Indore, Madhya Pradesh, India | |||
| Business Buddies IT Solutions Private Limitedthis company | ₹9.86 Lakh (FY 2016) | ₹18,165 | 1.8% | -38.0% | Bhopal, Madhya Pradesh, India | |
| Dockup Tech Private Limited | ₹9.86 Lakh (FY 2021) | -86.0% | Bangalore, Karnataka, India | |||
| Kolossal Services Private Limited | ₹9.86 Lakh (FY 2018) | 15.0% | Hazipur, Bihar, India | |||
| Bluesine Technology (OPC) Private Limited | ₹9.85 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Curiosity Road Technology Solutions Private Limited | ₹9.85 Lakh (FY 2023) | Mumbai, Maharashtra, India |
To see the full peer comparison of Business Buddies IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2016 | 100022950 | Others | ₹5.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Business Buddies IT Solutions 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 Business Buddies IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Business Buddies IT Solutions 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 Business Buddies IT Solutions Private Limited, buy the company report.
Recent activity
Business Buddies IT Solutions Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Amol Nagraj was appointed as Director on 30 Jan 2012.
Frequently asked questions
Business Buddies IT Solutions is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in computer programming, within the information technology industry. It was incorporated on 30 January 2012 (14+ years old) and is registered under CIN U72200MP2012PTC027584.
Business Buddies IT Solutions has 2 current directors:
- Jayant Laxman Patil - Director
- Amol Nagraj - Director
The latest financial statements of Business Buddies IT Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Business Buddies IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Business Buddies IT Solutions is U72200MP2012PTC027584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Business Buddies IT Solutions was incorporated on 30 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Business Buddies IT Solutions by revenue are Reydas Career Consultants Private Limited, Yaticorp India Private Limited, Mico Netcovet Private Limited, Selligence Technologies Services Private Limited, Nextline Software Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Amol Nagraj was appointed as Director on 30 Jan 2012. Jayant Laxman Patil was appointed as Director on 30 Jan 2012.
Business Buddies IT Solutions can be reached through the website businessbuddies.in. Its registered office is in Bhopal, Madhya Pradesh, India.
The registered office of Business Buddies IT Solutions is at E – 7259 Lig Arera Colony, Bhopal, Madhya Pradesh, India – 464016.
Business Buddies IT Solutions operates in the information technology industry, in the computer programming segment.
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