About Cignes Business Solutions Private Limited
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Cignes Business Solutions Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2018PTC052157.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Moideen Kutty Pallikkara Valappil and Thoufeeq Aslam.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 3rd Floor 13/507(A – 66) Yamuna Arcade Kallai Road Palayam, Kozhikode, Kerala, India – 673002.
As per the financials filed for FY 2022, the company reported a revenue of ₹19.06 Lakh, a growth of 108% compared to the previous year. For the same year it recorded a net loss of ₹48,842 (net margin -2.6%) and EBITDA of -₹27,346 (EBITDA margin -1.4%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years.
The company is associated with 1 brand: Cignes.
For more details, the company can be reached via its website cignes.com.
Company details
Contact details
Cignes Business Solutions Private Limited's registered office is in Kozhikode, Kerala. Its website is cignes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor 13/507(A – 66) Yamuna Arcade Kallai Road Palayam, Kozhikode, Kerala, India – 673002
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Cignes Business 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
Brands
Cignes Business Solutions operates one associated brand: Cignes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions for web and mobile application development, along with marketing services. | cignes.com |
Business activity
The main business activity of Cignes Business 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 Cignes Business Solutions Private Limited, buy the company report.
Financials of Cignes Business Solutions Private Limited
FY 2022 filings availableCignes Business Solutions Private Limited reported revenue of ₹19.06 Lakh (up 108% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 87% over three years, including 108% growth in the latest year. EBITDA rose 97% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹19.06 Lakh | ||||
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| EBITDA | -₹27,346 | ||||
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| Net Profit (PAT) | -₹48,842 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -1.4% | ||||
| Net Profit Margin | -2.6% | ||||
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To see the full financial statements and ratios of Cignes Business Solutions Private Limited, buy the company report.
Board of directors of Cignes Business Solutions Private Limited
Cignes Business Solutions has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Moideen Kutty Pallikkara Valappil Also directs: Cignes Global Academy LLP | Director | 26 Feb 2018 | 8 Years 8 Months | Current |
| Thoufeeq Aslam Also directs: Cignes Global Academy LLP, Cignes Live LLP | Director | 26 Feb 2018 | 8 Years 8 Months | Current |
| Alluhaidan Mohammed Abdul Rahman M | Director | 30 Oct 2021 | 5 Years 0 Months | Current |
| Shahdan Mankunipoyil Also directs: Cignes Global Academy LLP | Director | 01 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Cignes Business Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lorvenka Global IT Services Private Limited | ₹19.08 Lakh (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Digital Associates India Private Limited | ₹19.07 Lakh (FY 2025) | 39.0% | Hyderabad, Telangana, India | |||
| Elitecode Technological Solutions Private Limited | ₹19.06 Lakh (FY 2019) | 21.0% | Coimbatore, Tamil Nadu, India | |||
| Gwebitsol Private Limited | ₹19.06 Lakh (FY 2021) | 1.0% | Hyderabad, Telangana, India | |||
| Untropy India Private Limited | ₹19.06 Lakh (FY 2023) | 38115459.0% | Bangalore, Karnataka, India | |||
| Cignes Business Solutions Private Limitedthis company | ₹19.06 Lakh (FY 2022) | -₹48,842 | -2.6% | 108.0% | Kozhikode, Kerala, India | |
| Softscript Technologies Private Limited | ₹19.05 Lakh (FY 2024) | 388.0% | New Delhi, Delhi, India | |||
| Urk Consulting Private Limited | ₹19.04 Lakh (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Faircode Technologies Private Limited | ₹19.03 Lakh (FY 2020) | Kochi, Kerala, India | ||||
| Supernal Technologies Private Limited | ₹19.02 Lakh (FY 2024) | 339.0% | Bangalore, Karnataka, India | |||
| Macksofy Technologies Private Limited | ₹19.02 Lakh (FY 2024) | -55.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Cignes Business Solutions Private Limited, buy the company report.
Auditor
Cignes Business Solutions Private Limited is audited by T H & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T H & CO | FY 2022 | 013746S |
Shareholding
The shareholding of Cignes Business Solutions Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Cignes Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cignes Business 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 Cignes Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Cignes Business Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Cignes Business Solutions Private Limited has 4 board changes on record since 2018: 4 appointments. The latest: Alluhaidan Mohammed Abdul Rahman M was appointed as Director on 30 Oct 2021.
Frequently asked questions
Cignes Business Solutions is an active private limited company based in Kozhikode, Kerala, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 February 2018 (8+ years old) and is registered under CIN U72900KL2018PTC052157.
Cignes Business Solutions has 4 current directors:
- Moideen Kutty Pallikkara Valappil - Director
- Thoufeeq Aslam - Director
- Alluhaidan Mohammed Abdul Rahman M - Director
- Shahdan Mankunipoyil - Director
The latest financial statements of Cignes Business Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Cignes Business Solutions is U72900KL2018PTC052157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cignes Business Solutions was incorporated on 26 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Cignes Business Solutions by revenue are Lorvenka Global IT Services Private Limited, Digital Associates India Private Limited, Elitecode Technological Solutions Private Limited, Gwebitsol Private Limited, Untropy India Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Alluhaidan Mohammed Abdul Rahman M was appointed as Director on 30 Oct 2021. Shahdan Mankunipoyil was appointed as Director on 01 Feb 2019. Moideen Kutty Pallikkara Valappil was appointed as Director on 26 Feb 2018. Cignes Business Solutions has 4 board changes on record in total.
Cignes Business Solutions can be reached through the website cignes.com. Its registered office is in Kozhikode, Kerala, India.
The registered office of Cignes Business Solutions is at 3rd Floor 13507A – 66 Yamuna Arcade Kallai Road Palayam, Kozhikode, Kerala, India – 673002.
Cignes Business Solutions operates in the information technology industry, in the application development and software solutions segment.
Cignes Business Solutions has 1 associated brand: Cignes.
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