About Conneqt Business Solutions Limited
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Conneqt Business Solutions Limited was a public limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Quess Corp 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 March 1995.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U64200KA1995PLC148924. Its GSTIN is 29AABCT9406B1ZG (Karnataka). The company held 17 GST registrations, of which 16 are active.
The company had an authorised share capital of ₹191 Cr and a paid-up capital of ₹149.46 Cr. It was formerly known as Conneqt Customer Services Limited and Conneqt Customer Solutions Limited. It was led by directors including Pinaki Kar and Srinivasan Guruprasad.
Its last annual general meeting (AGM) was held on 26 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,453.26 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹89.11 Cr (net margin 6.1%) and EBITDA of ₹253 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
The company had about 37,925 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Conneqt. As per MCA filings, the company had satisfied charges of ₹129.6 Cr on record. Court records list 29 cases involving the company, including 12 filed by the company and 17 filed against it; 9 cases are pending. The company has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹362.91 Cr; the latest was in April 2022. Its 3 peer companies in the Outsourcing industry (Diversified BPO), with the same principal business activity (office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc.) are compared by revenue, 1 larger and 2 smaller; the largest is Convergys India Services Private Limited with revenue of ₹1,635.75 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2023, listing 3,647 overdue payments to 277 micro and small suppliers.
The last known website on record is conneqtcorp.com.
Company details
Name history
Conneqt Business Solutions has undergone 6 name changes throughout its history. The current legal name is Conneqt Business Solutions Limited.
| Company Name | Status |
|---|---|
| Conneqt Business Solutions Limited | Current |
| Conneqt Customer Services Limited | Previous |
| Conneqt Customer Solutions Limited | Previous |
| Tata Business Support Services Limited | Previous |
| E2e Serwiz Solutions Limited | Previous |
| Conneqt Business Support Services Limited | Previous |
CIN history
Conneqt Business Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64200KA1995PLC148924, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64200KA1995PLC148924 | Current |
| U64200TG1995PLC044060 | Previous |
| U64200AP1995PLC044060 | Previous |
Contact details
Conneqt Business Solutions Limited's registered office is in Bangalore, Karnataka. Its website is conneqtcorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3/3/2 Bellandur Gate Sarjapur Main Road, India, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Conneqt Business Solutions 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
Conneqt Business Solutions operates one associated brand: Conneqt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Conneqt delivers comprehensive solutions for business processes, cloud migration, and related services. | conneqtcorp.com |
Business activity
The main business activity of Conneqt Business 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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Conneqt Business Solutions Limited, buy the company report.
Financials of Conneqt Business Solutions Limited
FY 2023 filings availableConneqt Business Solutions Limited reported revenue of ₹1,453.26 Cr (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 20% growth in the latest year. EBITDA fell 5% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹1,453.26 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹253 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹89.11 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | ||||
| Net Profit Margin | 6.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Conneqt Business Solutions Limited, buy the company report.
Board of directors and KMP of Conneqt Business Solutions Limited
Conneqt Business Solutions Limited currently reports 5 directors and 3 key managerial personnel. 34 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinaki Kar Also directs: Oremus Corporate Services Private Limited | Director | 22 Jan 2019 | 7 Years 9 Months | As last reported |
| Srinivasan Guruprasad | Director | 27 Nov 2017 | 8 Years 11 Months | As last reported |
| Kamal Pal Hoda Also directs: Bluspring Enterprises Limited, Vedang Cellular Services Private Limited, Monster.Com (India) Private Limited and 2 more | Director | 10 Jan 2023 | 3 Years 9 Months | As last reported |
| Vishnubhotla Sampath | Company Secretary | 18 May 2006 | 20 Years 5 Months | As last reported |
| Sanjay Anandaram Also directs: Aadrutha Consultants LLP, Alldigi Tech Limited, Bluspring Enterprises Limited and 5 more | Director | 27 Nov 2017 | 8 Years 11 Months | As last reported |
| Subramantan Krishnan Arangottukara | Cfo | 07 May 2015 | 11 Years 6 Months | As last reported |
Peer comparison
Conneqt Business Solutions Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Diversified BPO), with the same principal business activity (office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Convergys India Services Private Limited | ₹1,635.75 Cr (FY 2025) | 14.0% | Gurgaon, Haryana, India | |||
| Conneqt Business Solutions Limitedthis company | ₹1,453.26 Cr (FY 2023) | ₹89.11 Cr | 6.1% | 20.0% | 37,925 | Bangalore, Karnataka, India |
| Fusion CX Limited | ₹1,352.92 Cr (FY 2025) | 32.0% | Kolkata, West Bengal, India | |||
| Synchrony International Services Private Limited | ₹1,327.49 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Conneqt Business Solutions Limited, buy the company report.
Auditor
Conneqt Business Solutions Limited is audited by BSR & Associates LLP,Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Associates LLP,Chartered Accountants | FY 2023 | 116231W/W-100024 |
Shareholding
The shareholding of Conneqt Business Solutions 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 Conneqt Business Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2018 | 100186186 | Tata Capital Financial Services Limited | ₹10 Cr | Satisfied | |
| 05 Apr 2014 | 10488852 | Bank of India | ₹23 Cr | Satisfied | |
| 29 Mar 2012 | 10354273 | Tata Capital Financial Services Limited | ₹34.65 Cr | Satisfied | |
| 19 Jan 2012 | 10334202 | Tata Capital Limited | ₹34.65 Cr | Satisfied | |
| 17 Mar 2011 | 10282245 | Tata Capital Financial Services Limited | ₹17.5 Cr | Satisfied |
To see the full charge records of Conneqt Business Solutions Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Conneqt Business Solutions Limited has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹362.91 Cr; the latest was in April 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Quess Corp Limited Seller: Tata Sons Private Limited |
| Jun 2019 | Debt financing | ₹76.8 Cr | Investors: Quess Corp Limited |
| May 2019 | Funding round | ₹193.11 Cr | Investors: Quess Corp Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Seller: Tata Capital Limited |
| Nov 2017 | Acquisition | Undisclosed | Buyer: Quess Corp Limited Seller: Tata Sons Private Limited , Tata Capital Limited |
To see the full deal history of Conneqt Business Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Conneqt Business Solutions Limited has 29 court cases on record: 12 filed by Conneqt Business Solutions, 17 filed against it. 9 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 4 | 5 |
| District courts | 13 | 12 | 4 |
| NCLT | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by The Commissioner of Central Tax,. Secunderabad GST Commissionerate | Disposed |
| High Court | Writ petition | Filed by the company against The Transmission Corporation of Telangana Limited and 5 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Puranik Buildcon Pvt Ltd Through Its Director Mr Yogesh Puranik | Disposed |
| District court, Hyderabad Central, Telangana | Court case (STC- NI) | Filed by the company against Abhibus Services India Pvt Ltd Rep by Sudhakar Reddy Chirra | Disposed |
To see the full case history of Conneqt Business Solutions 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
Conneqt Business Solutions Limited was last rated by Icra on 24 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 May 2022 |
To see the full credit ratings and regulatory alerts of Conneqt Business Solutions Limited, buy the company report.
MSME payment delays
Conneqt Business Solutions Limited has 9 MSME Form 1 returns on record between 2021 and 2023, listing 3,647 overdue payments to 277 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 277)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gravity India Technologies Private Limited | |||
| an individual supplier | |||
| Treebo Hospitality Ventures Private Limited | |||
| an individual supplier | |||
| Telekonnectors Limited |
To see the full MSME payment records of Conneqt Business Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Conneqt Business Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Allsec Technologies Limited | L72300TN1998PLC041033 |
To see the full group structure of Conneqt Business Solutions Limited, buy the company report.
Employees & EPFO
Conneqt Business Solutions Limited has a workforce of 37,925 employees on its EPFO records as of Apr 03, 2024, across 3 active EPFO establishments.
GST
Conneqt Business Solutions has 17 GST registrations: 16 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT9406B1ZG | Karnataka | Active | 01 Jul 2017 |
| 03AABCT9406B1ZU | Punjab | Active | 01 Jul 2017 |
| 09AABCT9406B1ZI | Uttar Pradesh | Active | 01 Jul 2017 |
| 20AABCT9406B1ZY | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Conneqt Business Solutions Limited, buy the company report.
Recent activity
Conneqt Business Solutions Limited has 42 board changes on record since 2006: 8 appointments and 34 cessations. The latest: Kamal Pal Hoda ceased to be Additional Director on 11 Jun 2023.
47 earlier events are in the company report.
News
Frequently asked questions
Conneqt Business Solutions 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.
Conneqt Business Solutions was a public limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 14 March 1995 and is registered under CIN U64200KA1995PLC148924. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Conneqt Business Solutions was incorporated on 14 March 1995. It is registered with the Registrar of Companies, Bangalore.
Conneqt Business Solutions had 8 directors and KMP:
- Pinaki Kar - Director
- Srinivasan Guruprasad - Director
- Kamal Pal Hoda - Director
- Sanjay Anandaram - Director
- Rallabhandi Lakshmi Sarada - Director
- Vishnubhotla Sampath - Company Secretary
- Subramantan Krishnan Arangottukara - Cfo
- Arjun Ramaraju - Ceo
The CIN (Corporate Identification Number) of Conneqt Business Solutions is U64200KA1995PLC148924. 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 Conneqt Business Solutions is at 332 Bellandur Gate Sarjapur Main Road, India, Bangalore, Karnataka, India – 560103.
Conneqt Business Solutions can be reached through the website conneqtcorp.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Conneqt Business Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 26 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Conneqt Business Solutions is 29AABCT9406B1ZG, registered in Karnataka. The company has 17 GST registrations in all, of which 16 are active and 1 is cancelled or inactive. Other active GSTINs include 03AABCT9406B1ZU (Punjab), 09AABCT9406B1ZI (Uttar Pradesh), 20AABCT9406B1ZY (Jharkhand).
Conneqt Business Solutions operated in the information technology industry, in the IT consulting and support services segment.
Conneqt Business Solutions has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 debt financing), with disclosed funding of ₹362.91 Cr; the latest was in April 2022.
The peers of Conneqt Business Solutions by revenue are Convergys India Services Private Limited, Fusion CX Limited, Synchrony International Services Private Limited, all in the Outsourcing industry (Diversified BPO), with the same principal business activity (office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc.).
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