About Convertcart AI System Private Limited
Data last updated:
Convertcart AI System Private Limited is a private limited company based in Bangalore North, Karnataka, India. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 25 December 2019, the company has been in operation for over 7 years.
Registered with ROC Bangalore under CIN U72900KA2019PTC131007.
Capital: an authorised share capital of ₹70 Lakh and a paid-up capital of ₹60.15 Lakh. Formerly known as Convertcart Solutions Private Limited. It is led by directors including Naganand Doraswamy and Shekhar Kapoor.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Bangalore North, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.92 Cr, a decline of 12% compared to the previous year.
The company has a workforce of approximately 139 employees as per the latest available data.
The company is associated with 1 brand - Convertcart. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹1.5 Cr on record.
For more details, the company can be reached via its website convertcart.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 33/1 First Floor Castle Street, Ashok Nagar Richmond Town, Bangalore North, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Convertcart AI System
Convertcart AI System operates one associated brand: ConvertCart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| eCommerce platform provider enhancing conversion rates and email marketing revenue | convertcart.com |
Competitors & Alternatives of Convertcart AI System
Brands and companies operating in the same space as Convertcart AI System Private Limited include Klaviyo, CommerceIQ, Yotpo and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Klaviyo | SaaS email marketing solutions are offered to e-commerce businesses. | Boston, United States, United States | 2012 |
 CommerceIQ | AI platform for retail ecommerce management and optimization is provided. | Mountain View, United States, United States | 2012 |
 Yotpo | Cloud-based marketing platform for e-tailers | New York, United States, United States | 2011 |
 Bango | Marketing solutions for e-commerce businesses are provided by Bango. | Cambridge, United Kingdom, United Kingdom | 1999 |
 Eversight | SaaS-based promotion software is offered for retail testing. | Palo Alto, United States, United States | 2013 |
 Mirriad | AI-powered ads are integrated into video content by the platform. | London, United Kingdom, United Kingdom | 2007 |
 Demandware | Enterprise cloud commerce solutions are provided for retailers and manufacturers. | New York, United States, United States | 2004 |
 Elastic Path Software | API-based enterprise commerce and content management platform is delivered. | Vancouver, Canada, Canada | 2000 |
Business Activity of Convertcart AI System
The main business activity of Convertcart AI System 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 for Convertcart AI System Private Limited
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.
Auditor Details of Convertcart AI System
Convertcart AI System Private Limited is audited by S D S & Co. Charted accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S D S & Co. Charted accountants | Locked | Locked | Locked |
Complete auditor history for Convertcart AI System Private Limited
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 Convertcart AI System Private Limited
Convertcart AI System has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naganand Doraswamy Also directs: Ideaspring Advisors LLP, Ideaspring Capital Advisors LLP, Ideaspring Capital Fund III Advisors LLP and 5 more | Nominee Director | 13 Mar 2020 | 6 Years 6 Months | Current |
| Shekhar Kapoor | Director | 27 Dec 2022 | 3 Years 9 Months | Current |
| Arun Kumar Kumara Krishnan Also directs: Convertcart LLP | Director | 25 Dec 2019 | 6 Years 9 Months | Current |
Financials of Convertcart AI System Private Limited FY 2024 filings available
Convertcart AI System Private Limited reported revenue of ₹18.92 Cr (down 12.00% YoY) for FY 2024.
Ten-year financial statements for Convertcart AI System Private Limited
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.
Ownership and Shareholding of Convertcart AI System
Shareholding and ownership data for Convertcart AI System Private Limited
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 Convertcart AI System
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Aug 2024 | Axis Bank Limited | ₹1 Cr | Open |
| 08 Sep 2022 | Others | ₹1.5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Convertcart AI System
Convertcart AI System Private Limited has a workforce of 139 employees as of Apr 07, 2024.
Employee and EPFO history for Convertcart AI System Private Limited
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.
GST Compliance of Convertcart AI System
GST registrations and filing compliance for Convertcart AI System Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Convertcart AI System
Credit ratings, litigation, and regulatory alerts for Convertcart AI System Private Limited
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 Convertcart AI System
MSME payment history for Convertcart AI System Private Limited
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 Convertcart AI System
Corporate group structure for Convertcart AI System Private Limited
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.
MCA Filings & Documents of Convertcart AI System
MCA filings and documents for Convertcart AI System Private Limited
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.
Recent Activity on Convertcart AI System
Frequently Asked Questions about Convertcart AI System Private Limited
Convertcart AI System is an active private limited company in the information technology sector based in Bangalore North, Karnataka, India. It was incorporated on 25 December 2019 (7+ years old) and is registered under CIN U72900KA2019PTC131007. The company has 139 employees.
Convertcart AI System reported revenue of ₹18.92 Cr for FY 2024 (down 12.00% YoY).
The current directors of Convertcart AI System are:
- Naganand Doraswamy - Nominee Director
- Shekhar Kapoor - Director
- Arun Kumar Kumara Krishnan - Director
The primary industry of Convertcart AI System is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Convertcart AI System can be reached at the registered office: No. 331 First Floor Castle Street, Ashok Nagar Richmond Town, Bangalore North, Karnataka, India – 560025, or through the website convertcart.com.
The authorised capital is ₹70 Lakh, and the paid-up capital is ₹60.15 Lakh.