About Coastglobal Systems Private Limited
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Coastglobal Systems Private Limited is a private limited company based in Pune, Maharashtra, 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 software development and support services segment of the technology and IT services sector. It was incorporated on 19 February 2019.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2019PTC182303. Its GSTIN is 27AAICC0289N1Z6 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.7 Lakh. It is led by directors including Jerry Wayne Sherman (Managing Director) and Johnny Jack Headrick.
Its last annual general meeting (AGM) was held on 05 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S No 6 /1 – 2 – 3 Fl A3 704 Ganga Panama Pimple Nilakh, Pune, Maharashtra, India – 411027.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.71 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹11.24 Lakh (net margin 4.1%) and EBITDA of ₹19.15 Lakh (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 59% over five years.
The company is associated with 1 brand: COAST Systems.
The last known website on record is coastsystems.com.
Company details
Contact details
Coastglobal Systems Private Limited's registered office is in Pune, Maharashtra. Its website is coastsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS No 6 /1 – 2 – 3 Fl A3 704 Ganga Panama Pimple Nilakh, Pune, Maharashtra, India – 411027
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Coastglobal Systems 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
Coastglobal Systems operates one associated brand: COAST Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers mold management technology and consulting for plastic industry efficiency. | coastsystems.com |
Business activity
The main business activity of Coastglobal Systems 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 Coastglobal Systems Private Limited, buy the company report.
Financials of Coastglobal Systems Private Limited
FY 2024 filings availableCoastglobal Systems Private Limited reported revenue of ₹2.71 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 59%. EBITDA fell 62% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19.15 Lakh | ||||
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| Net Profit (PAT) | ₹11.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 7.1% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Coastglobal Systems Private Limited, buy the company report.
Board of directors of Coastglobal Systems Private Limited
Coastglobal Systems has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Johnny Jack Headrick | Director | 19 Feb 2019 | 7 Years 8 Months | As last reported |
| Paul Alyn Hatcher | Additional Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
| Jerry Wayne Sherman | Managing Director | 20 Mar 2019 | 7 Years 7 Months | As last reported |
| Aprajita Pundhir Also directs: Ashashray Foundation | Director | 15 Nov 2021 | 4 Years 11 Months | As last reported |
Auditor
Coastglobal Systems Private Limited is audited by KETAN KOTECHA AND CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KETAN KOTECHA AND CO | FY 2019 | 134484W |
Shareholding
The shareholding of Coastglobal Systems Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Coastglobal Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Coastglobal Systems 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 Coastglobal Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coastglobal Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICC0289N1Z6 | Maharashtra | Active | 17 Mar 2019 |
To see the full GST registrations and return filing status of Coastglobal Systems Private Limited, buy the company report.
Recent activity
Coastglobal Systems Private Limited has 6 board changes on record since 2019: 5 appointments and 1 cessation. The latest: Aprajita Pundhir was appointed as Director on 15 Nov 2021.
Frequently asked questions
Coastglobal Systems 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.
Coastglobal Systems is a company under liquidation, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 19 February 2019 and is registered under CIN U72900PN2019PTC182303. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Coastglobal Systems has 4 current directors:
- Jerry Wayne Sherman - Managing Director
- Johnny Jack Headrick - Director
- Paul Alyn Hatcher - Additional Director
- Aprajita Pundhir - Director
The latest financial statements of Coastglobal Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 September 2024. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Coastglobal Systems is U72900PN2019PTC182303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coastglobal Systems was incorporated on 19 February 2019. It is registered with the Registrar of Companies, Pune.
Aprajita Pundhir was appointed as Director on 15 Nov 2021. Sachin Sharma ceased to be Director on 02 Jun 2021. Jerry Wayne Sherman was appointed as Managing Director on 20 Mar 2019. Coastglobal Systems has 6 board changes on record in total.
Coastglobal Systems can be reached through the website coastsystems.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Coastglobal Systems is at S No 6 1 – 2 – 3 Fl A3 704 Ganga Panama Pimple Nilakh, Pune, Maharashtra, India – 411027.
The GSTIN of Coastglobal Systems is 27AAICC0289N1Z6, registered in Maharashtra.
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