About Businet Solutions Private Limited
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Businet Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2010PTC136744. Its GSTIN is 27AAGCB6904M1ZD (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Duft and Freude Investment Consultants Private Limited. It is led by directors Charan Murlidhar Bhawanani and Shobhana Miriyala Seshachalam.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at C/O. Plot No. 17 Prabhat Co – Operative Society Bavdhan Khurd N.D.A. Road, Pune, Maharashtra, India – 411021.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.98 Lakh, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹81,370 (net margin -41.1%) and EBITDA of -₹74,233 (EBITDA margin -37.5%).
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website businetsolutions.com.
Company details
CIN history
Businet Solutions has one previous CIN (Corporate Identification Number): U74900PN2010PTC136744. The current CIN is U72900PN2010PTC136744, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN2010PTC136744 | Current |
| U74900PN2010PTC136744 | Previous |
Contact details
Businet Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is businetsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O. Plot No. 17 Prabhat Co – Operative Society Bavdhan Khurd N.D.A. Road, Pune, Maharashtra, India – 411021
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Businet Solutions 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 Businet Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Businet Solutions Private Limited, buy the company report.
Financials of Businet Solutions Private Limited
FY 2020 filings availableBusinet Solutions Private Limited reported revenue of ₹1.98 Lakh (down 68% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.98 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹74,233 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81,370 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.5% | ||||
| Net Profit Margin | -41.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Businet Solutions Private Limited, buy the company report.
Board of directors of Businet Solutions Private Limited
Businet Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Charan Murlidhar Bhawanani | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Shobhana Miriyala Seshachalam | Director | 02 Feb 2016 | 10 Years 8 Months | Current |
Auditor
Businet Solutions Private Limited is audited by P R A S S & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R A S S & ASSOCIATES LLP | FY 2020 | 107816W |
Shareholding
The shareholding of Businet Solutions Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Businet Solutions Private Limited, buy the company report.
Legal cases
Businet Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMSS) | Filed against the company by Amforge Industries Limited | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by Amforge Industries Limited | Disposed |
To see the full case history of Businet Solutions 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 Businet Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Businet Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB6904M1ZD | Maharashtra | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of Businet Solutions Private Limited, buy the company report.
Recent activity
Businet Solutions Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Charan Murlidhar Bhawanani ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Businet Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 July 2010 (16+ years old) and is registered under CIN U72900PN2010PTC136744.
Businet Solutions has 2 current directors:
- Charan Murlidhar Bhawanani - Director
- Shobhana Miriyala Seshachalam - Director
The latest financial statements of Businet Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Businet Solutions is 27AAGCB6904M1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Businet Solutions is U72900PN2010PTC136744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Businet Solutions has 2 court cases on record: 2 filed against it.
Businet Solutions was incorporated on 01 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Charan Murlidhar Bhawanani ceased to be Additional Director on 30 Sep 2019. Charan Murlidhar Bhawanani was appointed as Director on 01 Apr 2019. Arati Rajive Sood ceased to be Additional Director on 29 Sep 2018. Businet Solutions has 8 board changes on record in total.
Businet Solutions can be reached through the website businetsolutions.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Businet Solutions is at CO. Plot No. 17 Prabhat Co – Operative Society Bavdhan Khurd N.D.A. Road, Pune, Maharashtra, India – 411021.