About Cannysys IT Solutions Private Limited
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Cannysys IT Solutions Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the IT services segment of the services sector. It was incorporated on 19 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72200AP2015PTC096682. Its GSTIN is 36AAGCC0534L2ZO (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nagasurya Rama Murthy Karaka and Venkatesh Karaka.
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 H.No1 – 43 Chinagolunda Peta Nathavaram(M) Anakapalle(Post), Visakhapatnam, Andhra Pradesh, India – 531115.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.14 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹17.7 Lakh (net margin -15.5%) and EBITDA of ₹14.17 Lakh (EBITDA margin 12.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cannysys.com.
Company details
Contact details
Cannysys IT Solutions Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is cannysys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH.No1 – 43 Chinagolunda Peta Nathavaram(M) Anakapalle(Post), Visakhapatnam, Andhra Pradesh, India – 531115
- IndustryService, Information Technology Services
To see the full contact details of Cannysys IT 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 Cannysys 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 Cannysys IT Solutions Private Limited, buy the company report.
Financials of Cannysys IT Solutions Private Limited
FY 2020 filings availableCannysys IT Solutions Private Limited reported revenue of ₹1.14 Cr (down 12% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 50% 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 | ₹1.14 Cr | ||||
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| EBITDA | ₹14.17 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹17.7 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 | 12.4% | ||||
| Net Profit Margin | -15.5% | ||||
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To see the full financial statements and ratios of Cannysys IT Solutions Private Limited, buy the company report.
Board of directors of Cannysys IT Solutions Private Limited
Cannysys IT Solutions 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 |
|---|---|---|---|---|
| Nagasurya Rama Murthy Karaka | Director | 09 Jan 2018 | 8 Years 9 Months | Current |
| Venkatesh Karaka | Director | 22 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Cannysys IT Solutions Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Tracecost Private Limited | ₹1.14 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India | |||
| C S Comsoft Private Limited | ₹1.14 Cr (FY 2025) | -1.0% | Vadodara, Gujarat, India | |||
| Kabozz Soft Tech Private Limited | ₹1.14 Cr (FY 2022) | -36.0% | Sirsa, Haryana, India | |||
| Continental Software Solutions Private Limited | ₹1.14 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Cannysys IT Solutions Private Limitedthis company | ₹1.14 Cr (FY 2020) | -₹17.7 Lakh | -15.5% | -12.0% | Visakhapatnam, Andhra Pradesh, India | |
| Smartgen Technologies Private Limited | ₹1.14 Cr (FY 2023) | -1.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Sedots Info Technologies Private Limited | ₹1.14 Cr (FY 2024) | 3.0% | Hyderabad, Telangana, India | |||
| Healthsignz Technologies Private Limited | ₹1.14 Cr (FY 2024) | -4.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Cannysys IT Solutions Private Limited, buy the company report.
Auditor
Cannysys IT Solutions Private Limited is audited by M S P R and CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S P R and CO | FY 2017 | 010152S |
Shareholding
The shareholding of Cannysys IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Cannysys IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cannysys 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 Cannysys IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cannysys IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCC0534L2ZO | Telangana | Active | 04 Jul 2018 |
To see the full GST registrations and return filing status of Cannysys IT Solutions Private Limited, buy the company report.
Recent activity
Cannysys IT Solutions Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Pavani Karaka ceased to be Director on 24 Sep 2020.
Frequently asked questions
Cannysys IT Solutions is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in information technology services, within the service industry. It was incorporated on 19 May 2015 (11+ years old) and is registered under CIN U72200AP2015PTC096682.
Cannysys IT Solutions has 2 current directors:
- Nagasurya Rama Murthy Karaka - Director
- Venkatesh Karaka - Director
The latest financial statements of Cannysys IT 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 FY 2016 are in the company report.
The GSTIN of Cannysys IT Solutions is 36AAGCC0534L2ZO, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Cannysys IT Solutions is U72200AP2015PTC096682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cannysys IT Solutions was incorporated on 19 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Cannysys IT Solutions by revenue are Tracecost Private Limited, C S Comsoft Private Limited, Kabozz Soft Tech Private Limited, Continental Software Solutions Private Limited, Smartgen Technologies Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Pavani Karaka ceased to be Director on 24 Sep 2020. Venkatesh Karaka was appointed as Director on 22 Sep 2020. Purushottam Bade Naidu ceased to be Director on 10 Dec 2019. Cannysys IT Solutions has 5 board changes on record in total.
Cannysys IT Solutions can be reached through the website cannysys.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Cannysys IT Solutions is at H.No1 – 43 Chinagolunda Peta NathavaramM AnakapallePost, Visakhapatnam, Andhra Pradesh, India – 531115.
Cannysys IT Solutions operates in the service industry, in the information technology services segment.
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