About Crystal Software Solutions Limited
Data last updated:
Crystal Software Solutions Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32300MH1984PLC034032.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.99 Cr. It was formerly known as Crystal Audio Private Limited and Laser Electronics Private Limited. It is led by directors including Mahesh Baviskar Shivaji and Kishan Gangaram Ingole.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1106 Mayuresh Cosmos Tower Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400607.
As per the financials filed for FY 2018, the company reported a revenue of ₹9.16 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹70,420 (net margin -7.7%) and EBITDA of -₹70,420 (EBITDA margin -7.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years.
The company is associated with 1 brand: Crystal Soft India. As per MCA filings, the company has open charges of ₹2.27 Cr and satisfied charges of ₹2.06 Cr on record. Court records list 25 cases involving the company, including 12 filed by the company and 13 filed against it; 7 cases are pending. The company has 60 deals on record (60 market trades); the latest was in February 2012. Its 4 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 smaller; the largest is Mindstick Software Private Limited with revenue of ₹9.16 Lakh.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website crystalsoftindia.com.
Company details
Name history
Crystal Software Solutions has undergone 2 name changes throughout its history. The company was previously known as Crystal Audio Private Limited, and Laser Electronics Private Limited. The current legal name is Crystal Software Solutions Limited.
| Company Name | Status |
|---|---|
| Crystal Software Solutions Limited | Current |
| Crystal Audio Private Limited | Previous |
| Laser Electronics Private Limited | Previous |
CIN history
Crystal Software Solutions has one previous CIN (Corporate Identification Number): L32300MH1984PLC034032. The current CIN is U32300MH1984PLC034032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32300MH1984PLC034032 | Current |
| L32300MH1984PLC034032 | Previous |
Contact details
Crystal Software Solutions Limited's registered office is in Navi Mumbai, Maharashtra. Its website is crystalsoftindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1106 Mayuresh Cosmos Tower Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400607
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Crystal Software 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
Crystal Software Solutions operates one associated brand: Crystal Soft India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive solutions for recruitment and ERP software. | crystalsoftindia.com |
Financials of Crystal Software Solutions Limited
FY 2018 filings availableCrystal Software Solutions Limited reported revenue of ₹9.16 Lakh (up 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over three years, including 2% growth in the latest year. EBITDA rose 83% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹9.16 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹70,420 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹70,420 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -7.7% | |||
| Net Profit Margin | -7.7% | |||
| 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 Crystal Software Solutions Limited, buy the company report.
Board of directors of Crystal Software Solutions Limited
Crystal Software Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishan Gangaram Ingole | Additional Director | 30 May 2022 | 4 Years 4 Months | Current |
| Santosh Ingole | Additional Director | 29 Jan 2022 | 4 Years 8 Months | Current |
| Mahesh Baviskar Shivaji | Director | 02 Aug 2014 | 12 Years 2 Months | Current |
Peer comparison
Crystal Software Solutions Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crystal Software Solutions Limitedthis company | ₹9.16 Lakh (FY 2018) | -₹70,420 | -7.7% | 2.0% | Navi Mumbai, Maharashtra, India | |
| Mindstick Software Private Limited | ₹9.16 Lakh (FY 2025) | 9.0% | Allahabad, Uttar Pradesh, India | |||
| Senthil Navigations Private Limited | ₹9.13 Lakh (FY 2025) | 23.0% | Chennai, Tamil Nadu, India | |||
| Cego Technology Solutions Private Limited | ₹9.12 Lakh (FY 2016) | 3.0% | Raipur, Chhattisgarh, India | |||
| Ronanki Infotech Private Limited | ₹9.11 Lakh (FY 2024) | Bengaluru, Karnataka, India |
To see the full peer comparison of Crystal Software Solutions Limited, buy the company report.
Auditor
Crystal Software Solutions Limited is audited by JAIN AMBAVAT & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN AMBAVAT & ASSOCIATES | FY 2018 | 103887W |
Shareholding
The shareholding of Crystal Software Solutions Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Crystal Software Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2017 | 100117477 | Others | ₹2.09 Cr | Open | |
| 28 Oct 1989 | 90146965 | N B Shah Director of Jthe Company | ₹5 Lakh | Open | |
| 22 Nov 1988 | 90149124 | N B Shah Director of Jthe Company | ₹10 Lakh | Open | |
| 16 Jun 1988 | 90146956 | Bank of India | ₹3 Lakh | Open | |
| 18 Feb 1999 | 90147247 | Indusind Bank Limited | ₹25 Lakh | Satisfied |
To see the full charge records of Crystal Software Solutions Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Crystal Software Solutions Limited has 60 deals on record (60 market trades); the latest was in February 2012.
Deals on record (5 of 60)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Market trade | ₹2.8 Lakh | Seller: Simto Property Developers Ltd |
| Dec 2008 | Market trade | ₹4.2 Lakh | Buyer: an individual Seller: Surya Mahal Properties Private Limited |
| Oct 2008 | Market trade | ₹3.3 Lakh | Buyer: Surya Mahal Properties Private Limited Seller: Richline Finvest Private Limited |
| Oct 2008 | Market trade | ₹2.1 Lakh | Buyer: Nanavati Properties Pvt Ltd |
| Feb 2008 | Market trade | ₹3.5 Lakh | Buyer: Richline Finvest Private Limited Seller: Richline Finvest Private Limited |
To see the full deal history of Crystal Software 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
Crystal Software Solutions Limited has 25 court cases on record: 12 filed by Crystal Software Solutions, 13 filed against it. 7 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 5 | 1 |
| High courts | 11 | 8 | 6 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Akar Laminators Ltd and Ors | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Tosha International Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Counter Claim) | Filed by the company against Ms Tosha International Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M S Tosha International Ltd | Disposed |
| District court, Thane, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Tosha International Ltd A Public Limited Company Dayanand Singh and 1 other | Pending |
To see the full case history of Crystal Software 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Crystal Software Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Crystal Software Solutions Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Crystal Software Solutions Limited has 11 board changes on record since 2014: 3 appointments and 8 cessations. The latest: Kishan Gangaram Ingole was appointed as Additional Director on 30 May 2022.
22 earlier events are in the company report.
Frequently asked questions
Crystal Software Solutions is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 September 1984 (42+ years old) and is registered under CIN U32300MH1984PLC034032.
Crystal Software Solutions has 3 current directors:
- Kishan Gangaram Ingole - Additional Director
- Santosh Ingole - Additional Director
- Mahesh Baviskar Shivaji - Director
The latest financial statements of Crystal Software Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Crystal Software Solutions is U32300MH1984PLC034032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Crystal Software Solutions has 25 court cases on record: 12 filed by the company and 13 filed against it. 7 are pending. Most are in the district courts.
Crystal Software Solutions was incorporated on 15 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Crystal Software Solutions has 60 deals on record (60 market trades); the latest was in February 2012.
The peers of Crystal Software Solutions by revenue are Mindstick Software Private Limited, Senthil Navigations Private Limited, Cego Technology Solutions Private Limited, Ronanki Infotech Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Kishan Gangaram Ingole was appointed as Additional Director on 30 May 2022. Kaushal Niranjan Shah ceased to be Additional Director on 10 Feb 2022. Geeta Niranjan Shah ceased to be Additional Director on 31 Jan 2022. Crystal Software Solutions has 11 board changes on record in total.
Crystal Software Solutions can be reached through the website crystalsoftindia.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Crystal Software Solutions is at 1106 Mayuresh Cosmos Tower Sector 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400607.