About Cbsi India Private Limited
Data last updated:
Cbsi India Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Firstmeridian Business Services Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 23 December 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2013PTC371734. Its GSTIN is 29AAFCC5163Q2ZZ (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹50.79 Lakh. It was led by directors Nilay Pratik and Sudhakar Balakrishnan.
Its last annual general meeting (AGM) was held on 07 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹93.38 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Cr (net margin 3%) and EBITDA of ₹4.98 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
The company had about 418 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹10 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.8 Lakh; the latest was in September 2020. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 9 micro and small suppliers.
The last known website on record is cbsiglobal.com.
Company details
CIN history
Cbsi India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900MH2013PTC371734, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2013PTC371734 | Current |
| U74900MH2013FTC371734 | Previous |
| U74900KA2013FTC072689 | Previous |
Contact details
Cbsi India Private Limited's registered office is in Mumbai, Maharashtra. Its website is cbsiglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJollyboard Tower 1 5th Floor I Think Techno Campus, Kanjurmarg East India, Mumbai, Maharashtra, India – 400042
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Cbsi India 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
Financials of Cbsi India Private Limited
FY 2023 filings availableCbsi India Private Limited reported revenue of ₹93.38 Cr (up 30% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 30% growth in the latest year. EBITDA rose 121% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹93.38 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.82 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Cbsi India Private Limited, buy the company report.
Board of directors of Cbsi India Private Limited
Cbsi India 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 |
|---|---|---|---|---|
| Nilay Pratik | Director | 29 Sep 2020 | 6 Years 1 Months | As last reported |
| Sudhakar Balakrishnan Also directs: Zaikenn Management Services LLP, New Lane Trading LLP, CPM India Sales & Marketing Private Limited and 1 more | Director | 29 Sep 2020 | 6 Years 1 Months | As last reported |
Auditor
Cbsi India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Cbsi India 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 Cbsi India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 2016 | 10623807 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Cbsi India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Cbsi India Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.8 Lakh; the latest was in September 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: First Meridian Business Services Limited Seller: Cbsi Asia Pacific Pte Limited |
| Mar 2014 | Funding round | ₹49.8 Lakh | Investors: Cbsi Asia Pacific Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cbsi India Private Limited has 1 court case on record: 1 filed by Cbsi India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Cbsi India 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.
Credit ratings & regulatory alerts
Cbsi India Private Limited was last rated by Indiarating on 15 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 15 Oct 2020 |
To see the full credit ratings and regulatory alerts of Cbsi India Private Limited, buy the company report.
MSME payment delays
Cbsi India Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
To see the full MSME payment records of Cbsi India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cbsi India Private Limited has a workforce of 418 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Cbsi India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC5163Q2ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cbsi India Private Limited, buy the company report.
Recent activity
Cbsi India Private Limited has 8 board changes on record since 2019: 2 appointments and 6 cessations. The latest: Pooja Prabhakar ceased to be Additional Director on 05 Jul 2022.
2 earlier events are in the company report.
Frequently asked questions
Cbsi India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Cbsi India was a private limited company based in Mumbai, Maharashtra, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 23 December 2013 and is registered under CIN U74900MH2013PTC371734. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Cbsi India was incorporated on 23 December 2013. It is registered with the Registrar of Companies, Mumbai.
Cbsi India had 2 directors:
- Nilay Pratik - Director
- Sudhakar Balakrishnan - Director
The CIN (Corporate Identification Number) of Cbsi India is U74900MH2013PTC371734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Cbsi India is at Jollyboard Tower 1 5th Floor I Think Techno Campus, Kanjurmarg East India, Mumbai, Maharashtra, India – 400042.
Cbsi India can be reached through the website cbsiglobal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Cbsi India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 07 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Cbsi India is 29AAFCC5163Q2ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Cbsi India operated in the business outsourcing industry, in the HR outsourcing and talent management segment.
Cbsi India has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹49.8 Lakh; the latest was in September 2020.
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