About Care IT Solutions Private Limited
Data last updated:
Care IT Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 March 2003.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2003PTC050469.
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.32 Cr. It is led by directors including Subramanian Hariharan (Managing Director) and Ragavachari Shanthi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 481 Anna Salai 2nd Floor Nandanam, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2016, the company reported a revenue of ₹95.51 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.15 Cr (net margin 1.2%) and EBITDA of ₹7.37 Cr (EBITDA margin 7.7%).
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹62.37 Cr and satisfied charges of ₹11.51 Cr on record. Court records list 44 cases involving the company, including 2 filed by the company and 39 filed against it; 8 cases are pending. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Relfast Solutions and Services Private Limited with revenue of ₹98.08 Cr.
The last known website on record is careind.net.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address481 Anna Salai 2nd Floor Nandanam, Chennai, Tamil Nadu, India – 600035
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Care IT Solutions Private Limited
The main business activity of Care IT Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Care IT Solutions Private Limited FY 2016 filings available
Care IT Solutions Private Limited reported revenue of ₹95.51 Cr (up 9% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Care IT Solutions Private Limited
Revenue rose 9% in the latest year. EBITDA rose 35% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Care IT Solutions Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹95.51 Cr | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹7.37 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹1.15 Cr | •••• |
| Balance Sheet | ||
| Share Capital | •••• | •••• |
| Reserves and Surplus | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• |
| Long-term Borrowings | •••• | •••• |
| Short-term Borrowings | •••• | •••• |
| Trade Payables | •••• | •••• |
| Total Liabilities | •••• | •••• |
| Fixed Assets | •••• | •••• |
| Investments | •••• | •••• |
| Inventories | •••• | •••• |
| Trade Receivables | •••• | •••• |
| Cash and Bank Balance | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Care IT Solutions Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.7% | •••• |
| Net Profit Margin | 1.2% | •••• |
| Return on Equity (ROE) | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• |
| Liquidity and Debt | ||
| Current Ratio | •••• | •••• |
| Quick Ratio | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• |
| Efficiency and Growth | ||
| Asset Turnover | •••• | •••• |
| Receivable Days | •••• | •••• |
| Payable Days | •••• | •••• |
| Inventory Days | •••• | •••• |
| Revenue Growth | •••• | •••• |
| Net Profit Growth | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Care IT Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Care IT Solutions Private Limited
Care IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Relfast Solutions and Services Private Limited | ₹98.08 Cr (FY 2025) | •••• | •••• | 1131.0% | •••• | Bangalore, Karnataka, India |
| Yamaha Motor Solutions (India) Private Limited | ₹97.7 Cr (FY 2022) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Kiran Foreign Trade Private Limited | ₹97.42 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Mohali, Punjab, India |
| Senrysa Technologies Limited | ₹97.15 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Kolkata, West Bengal, India |
| Egdk India Private Limited | ₹96.39 Cr (FY 2025) | •••• | •••• | 240.0% | •••• | Mangalore, Karnataka, India |
| Care IT Solutions Private Limited this company | ₹95.51 Cr (FY 2016) | •••• | •••• | 9.0% | •••• | Chennai, Tamil Nadu, India |
| Hansa Customer Equity Private Limited | ₹94.54 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Pangea3 Legal Database Systems Private Limited | ₹94.35 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| Ihg IT Services(India) Private Limited | ₹94.3 Cr (FY 2016) | •••• | •••• | 2.0% | •••• | Gurgaon, Haryana, India |
| Continuserve Softech India Private Limited | ₹94.29 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Bengaluru, Karnataka, India |
| Faro Business Technologies India Private Limited | ₹94.15 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Care IT Solutions by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Care IT Solutions Private Limited
Care IT Solutions Private Limited is audited by S SWAMINATHAN & CO for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S SWAMINATHAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Care IT Solutions Private Limited
Care IT Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagaraj Komala | Director | 01 Sep 2016 | 10 Years 1 Months | As last reported |
| Subramanian Hariharan | Managing Director | 07 Mar 2003 | 23 Years 7 Months | As last reported |
| Ragavachari Shanthi | Whole-Time Director | 16 Nov 2009 | 16 Years 10 Months | As last reported |
Ownership and Shareholding of Care IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Care IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2016 | Others | ₹2 Cr | Open |
| 23 Mar 2016 | Others | ₹29 Cr | Open |
| 03 Oct 2015 | The Federal Bank Ltd | ₹7 Cr | Open |
| 29 Oct 2014 | Standard Chartered Bank | ₹1.22 Cr | Open |
| 28 Dec 2011 | Standard Chartered Bank | ₹23.15 Cr | Open |
Total charge records: 13 View all charges
Deals & Funding of Care IT Solutions Private Limited
Care IT Solutions Private Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Mar 2010 | Funding round | ₹1.22 Cr | Investors: 4 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Care IT Solutions Private Limited
Care IT Solutions Private Limited has 44 court cases on record: 2 filed by Care IT Solutions, 39 filed against it, 3 where it is another party. 8 cases are pending and 36 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 36 | 7 |
| High courts | 3 | 3 | 0 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Neogrowth Credit Private Limited | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Neogrowth Credit Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Disposed |
Full case history
All 44 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Care IT Solutions Private Limited
Care IT Solutions Private Limited has a workforce of 2 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Care IT Solutions Private Limited
Care IT Solutions has one previous CIN (Corporate Identification Number): U72200TN2003PTC050469. The current CIN is U74110TN2003PTC050469, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2003PTC050469 | Current |
| U72200TN2003PTC050469 | Previous |
Recent Activity on Care IT Solutions Private Limited
Care IT Solutions Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Nagaraj Komala was appointed as Director on 01 Sep 2016.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Care IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Care IT Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Care IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Care IT Solutions Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Care IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Care IT Solutions Private Limited
Care IT Solutions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Care IT Solutions is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 March 2003 and is registered under CIN U74110TN2003PTC050469. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Care IT Solutions reported revenue of ₹95.51 Cr for FY 2016 (up 9% YoY).
Care IT Solutions has 3 current directors:
- Subramanian Hariharan - Managing Director
- Ragavachari Shanthi - Whole-Time Director
- Nagaraj Komala - Director
Care IT Solutions reported a net profit of ₹1.15 Cr (net margin 1.2%) and EBITDA of ₹7.37 Cr (EBITDA margin 7.7%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Care IT Solutions is U74110TN2003PTC050469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Care IT Solutions has open charges of ₹62.37 Cr and satisfied charges of ₹11.51 Cr as per latest MCA filings.
Care IT Solutions has 44 court cases on record: 2 filed by the company and 39 filed against it. 8 are pending. Most are in the district courts.
Care IT Solutions was incorporated on 07 March 2003. It is registered with the Registrar of Companies, Chennai.
Care IT Solutions has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015.
The peers of Care IT Solutions by revenue are Relfast Solutions and Services Private Limited, Yamaha Motor Solutions (India) Private Limited, Kiran Foreign Trade Private Limited, Senrysa Technologies Limited, Egdk India Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).