Circines Solutions Private Limited
About Circines Solutions Private Limited
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Circines Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 18 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC108759.
The company has an authorised share capital of ₹20,000 and a paid-up capital of ₹20,000. It is led by directors Imran Khan Nawab Khan and Agaram Sudhindra Sridhar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.1462 (Old No.42) 2nd Floor Southend A Cross Jayanagar 9th Block, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.69 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹3,688 (net margin -0.3%) and EBITDA of ₹5,437 (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 17% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.1462 (Old No.42) 2nd Floor Southend A Cross Jayanagar 9th Block, Bangalore, Karnataka, India – 560011
- IndustryInformation Technology, Software Development & 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 Circines Solutions Private Limited
The main business activity of Circines Solutions is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. | 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 Circines Solutions Private Limited FY 2023 filings available
Circines Solutions Private Limited reported revenue of ₹13.69 Lakh (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Circines Solutions Private Limited
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 127% 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 of Circines Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5,437 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3,688 | •••• | •••• | •••• | •••• |
| 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 Circines Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.3% | •••• | •••• | •••• | •••• |
| 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 Circines Solutions are in the company report.
Financial statements from FY 2018
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 Circines Solutions Private Limited
Circines Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Litcode Private Limited | ₹13.85 Lakh (FY 2024) | •••• | •••• | 35.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Harikirpa Hightech Private Limited | ₹13.84 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Pragmatisch Solutions Private Limited | ₹13.8 Lakh (FY 2023) | •••• | •••• | -72.0% | •••• | Dindigul, Tamil Nadu, India |
| Interblend Support Services Private Limited | ₹13.8 Lakh (FY 2024) | •••• | •••• | -53.0% | •••• | Hyderabad, Telangana, India |
| Gradel Technologies Private Limited | ₹13.71 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Lucknow, Uttar Pradesh, India |
| Circines Solutions Private Limited this company | ₹13.69 Lakh (FY 2023) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Suktha Solutions Private Limited | ₹13.69 Lakh (FY 2024) | •••• | •••• | 119.0% | •••• | Bangalore, Karnataka, India |
| Von Nash Private Limited | ₹13.64 Lakh (FY 2020) | •••• | •••• | 125.0% | •••• | Mumbai, Maharashtra, India |
| Nacon Software Services Private Limited | ₹13.61 Lakh (FY 2015) | •••• | •••• | -36.0% | •••• | Mumbai, Maharashtra, India |
| Crown Tieup Private Limited | ₹13.59 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Kolkata, West Bengal, India |
| Rick Consultancy & Software Services India Private Limited | ₹13.55 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Circines Solutions by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Circines Solutions Private Limited
Circines Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Imran Khan Nawab Khan | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
| Agaram Sudhindra Sridhar | Director | 18 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Circines 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 Circines Solutions Private Limited
Circines Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Circines Solutions Private Limited
Employment history and EPFO contributions of people linked to Circines Solutions.
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.
Recent Activity on Circines Solutions Private Limited
Circines Solutions Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Agaram Sudhindra Sridhar was appointed as Director on 18 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Circines 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 Circines 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 Circines 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 Circines 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 Circines 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 Circines Solutions Private Limited
Circines Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 18 December 2017 (9+ years old) and is registered under CIN U72900KA2017PTC108759.
Circines Solutions reported revenue of ₹13.69 Lakh for FY 2023 (down 19% YoY).
Circines Solutions has 2 current directors:
- Imran Khan Nawab Khan - Director
- Agaram Sudhindra Sridhar - Director
Circines Solutions reported a net loss of ₹3,688 (net margin -0.3%) and EBITDA of ₹5,437 (EBITDA margin 0.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Circines Solutions is -25% over three years and 17% over five years. In the latest year (FY 2023) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Circines Solutions is U72900KA2017PTC108759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Circines Solutions was incorporated on 18 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Circines Solutions by revenue are Litcode Private Limited, Harikirpa Hightech Private Limited, Pragmatisch Solutions Private Limited, Interblend Support Services Private Limited, Gradel Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Agaram Sudhindra Sridhar was appointed as Director on 18 Dec 2017. Imran Khan Nawab Khan was appointed as Director on 18 Dec 2017.
The registered office of Circines Solutions is at No.1462 Old No.42 2nd Floor Southend A Cross Jayanagar 9th Block, Bangalore, Karnataka, India – 560011.
Circines Solutions has an authorised share capital of ₹20,000 and a paid-up capital of ₹20,000.