About Compassites Software Solutions Private Limited
Data last updated:
Compassites Software Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC037726. Its GSTIN is 29AACCC7520J1ZK (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.89 Cr. It is led by directors Rajesh Chakka Setty and Kannanunninayar Gopalakrishnan Rajesh Kannan.
Its last annual general meeting (AGM) was held on 27 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Brigade Business Suites No. 44 Flat No. 101 1st Floor 10th Main 2nd Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2022, the company reported a revenue of ₹15.49 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹1 Cr (net margin -6.5%) and EBITDA of -₹58.17 Lakh (EBITDA margin -3.8%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 17% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Compassites. As per MCA filings, the company has satisfied charges of ₹4 Cr on record. Court records list 8 cases involving the company, including 7 filed against it; 2 cases are pending. The company has 20 deals on record (13 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.34 Cr; the latest was in November 2018. Its 10 peer companies in the Information Technology industry (IT Consulting and Services, Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Blueed Technology Private Limited with revenue of ₹15.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website compassitesinc.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBrigade Business Suites No. 44 Flat No. 101 1st Floor 10th Main 2nd Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryInformation Technology, IT Consulting & Support Services, 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 Compassites Software Solutions Private Limited
The main business activity of Compassites Software Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Compassites Software Solutions Private Limited FY 2022 filings available
Compassites Software Solutions Private Limited reported revenue of ₹15.49 Cr (down 21% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Compassites Software Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 21% fall in the latest year. EBITDA fell 158% 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 Compassites Software Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹15.49 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹58.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1 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 Compassites Software Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.5% | •••• | •••• | •••• | •••• |
| 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 Compassites Software 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 Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, 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 |
|---|---|---|---|---|---|---|
| Blueed Technology Private Limited | ₹15.55 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Saven Nova Technologies Private Limited | ₹15.52 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Hyderabad, Telangana, India |
| Gate 1 Travel India Private Limited | ₹15.51 Cr (FY 2025) | •••• | •••• | 395.0% | •••• | Faridabad, Haryana, India |
| Outline Software Solutions Private Limited | ₹15.51 Cr (FY 2019) | •••• | •••• | 65.0% | •••• | Chandigarh, India |
| Prosoc Technologies Private Limited | ₹15.5 Cr (FY 2021) | •••• | •••• | 64.0% | •••• | Bangalore, Karnataka, India |
| Compassites Software Solutions Private Limited this company | ₹15.49 Cr (FY 2022) | •••• | •••• | -21.0% | •••• | Bangalore, Karnataka, India |
| Agray Infosolutions Private Limited | ₹15.47 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Lucknow, Uttar Pradesh, India |
| Concretio Holistic Software Services Private Limited | ₹15.47 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Jaipur, Rajasthan, India |
| Mlit-18 Technology Private Limited | ₹15.47 Cr (FY 2024) | •••• | •••• | 121.0% | •••• | Mumbai, Maharashtra, India |
| Answerpal Technologies Private Limited | ₹15.46 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Igreendata India Private Limited | ₹15.45 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | M G Road, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Compassites Software Solutions by revenue in the Information Technology industry (IT Consulting and Services, Software 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 Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited is audited by NAGARAJA K H & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAGARAJA K H & 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 Compassites Software Solutions Private Limited
Compassites Software Solutions has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Chakka Setty | Director | 20 Jan 2006 | 20 Years 8 Months | Current |
| Kannanunninayar Gopalakrishnan Rajesh Kannan | Director | 20 Aug 2014 | 12 Years 1 Months | Current |
Ownership and Shareholding of Compassites Software 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 Compassites Software Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Aug 2015 | Hdfc Bank Limited | ₹30 Lakh | Satisfied |
| 10 Jul 2012 | Hdfc Bank Limited | ₹3.7 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited has 20 deals on record (13 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.34 Cr; the latest was in November 2018.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2017 | Funding round | ₹84.8 Lakh | Investors: 2 individuals |
| Mar 2017 | Rights issue | ₹72.1 Lakh | Investors: 3 individuals |
| Aug 2006 | Funding round | ₹63 Lakh | Investors: Manor Information and Management Services Private Limited , 2 individuals |
Full deal history
All 20 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 Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited has 8 court cases on record: 7 filed against it, 1 where it is another party. 2 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Access Automation Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| High Court of Karnataka | Writ petition | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Equitas Small Finance Bank | Disposed |
Full case history
All 8 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.
Associated Brands with Compassites Software Solutions Private Limited
Compassites Software Solutions operates one associated brand: Compassites. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers on-demand business management applications for enterprises. | compassitesinc.com |
Employees and EPFO Compliance at Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited has a workforce of 2 employees as of Apr 03, 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.
Recent Activity on Compassites Software Solutions Private Limited
Compassites Software Solutions Private Limited has 15 board changes on record since 2006: 2 appointments and 13 cessations. The latest: Rajesh Chakka Setty ceased to be Director on 03 Nov 2022.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Compassites Software 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 Compassites Software 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 Compassites Software 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 Compassites Software Solutions Private Limited
Compassites Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC7520J1ZK | Karnataka | Active | 01 Jul 2017 |
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 Compassites Software 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 Compassites Software Solutions Private Limited
Compassites Software Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 November 2005 (21+ years old) and is registered under CIN U72200KA2005PTC037726.
Compassites Software Solutions reported revenue of ₹15.49 Cr for FY 2022 (down 21% YoY).
Compassites Software Solutions has 2 current directors:
- Rajesh Chakka Setty - Director
- Kannanunninayar Gopalakrishnan Rajesh Kannan - Director
Compassites Software Solutions reported a net loss of ₹1 Cr (net margin -6.5%) and EBITDA of -₹58.17 Lakh (EBITDA margin -3.8%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Compassites Software Solutions is -35% over three years and -17% over five years. In the latest year (FY 2022) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Compassites Software Solutions is 29AACCC7520J1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Compassites Software Solutions is U72200KA2005PTC037726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Compassites Software Solutions has 8 court cases on record: 7 filed against it. 2 are pending. Most are in the district courts.
Compassites Software Solutions was incorporated on 22 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Compassites Software Solutions has 20 deals on record (13 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹7.34 Cr; the latest was in November 2018.
The peers of Compassites Software Solutions by revenue are Blueed Technology Private Limited, Saven Nova Technologies Private Limited, Gate 1 Travel India Private Limited, Outline Software Solutions Private Limited, Prosoc Technologies Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services, Software Services).