About Descom Fintech Solutions Private Limited
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Descom Fintech Solutions Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 31 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74990UP2018PTC107353. Its GSTIN is 09AAGCD8251R1ZV (Uttar Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Chanchal Singh Adhikari and Deepak Singh Adhikari.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3rd Floor Shop No. 5 Govind Plaza Chinhat Tiraha, Lucknow, Uttar Pradesh, India – 227105.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.72 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹15,632 (net margin -1.2%) and EBITDA of ₹8,634 (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 4% over five years.
For more details, the company can be reached via its website descomfintechsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3rd Floor Shop No. 5 Govind Plaza Chinhat Tiraha, Lucknow, Uttar Pradesh, India – 227105
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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 Descom Fintech Solutions Private Limited
The main business activity of Descom Fintech 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 Descom Fintech Solutions Private Limited FY 2024 filings available
Descom Fintech Solutions Private Limited reported revenue of ₹12.72 Lakh (down 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Descom Fintech Solutions Private Limited
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 25% 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 Descom Fintech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8,634 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹15,632 | •••• | •••• | •••• | •••• |
| 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 Descom Fintech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.2% | •••• | •••• | •••• | •••• |
| 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 Descom Fintech Solutions are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Descom Fintech Solutions Private Limited
Descom Fintech Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chanchal Singh Adhikari Also directs: Descom Pharmaceuticals Private Limited | Director | 10 Sep 2020 | 6 Years 0 Months | Current |
| Deepak Singh Adhikari Also directs: Descom Pharmaceuticals Private Limited | Director | 10 Sep 2020 | 6 Years 0 Months | Current |
| Soban Adhikari Singh | Director | 31 Aug 2018 | 8 Years 1 Months | Current |
Ownership and Shareholding of Descom Fintech 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 Descom Fintech Solutions Private Limited
Descom Fintech Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Descom Fintech Solutions Private Limited
Employment history and EPFO contributions of people linked to Descom Fintech Solutions.
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 Descom Fintech Solutions Private Limited
Descom Fintech Solutions Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Virendra Singh Vikram ceased to be Director on 16 Sep 2020.
Credit Ratings, Litigation & Regulatory Alerts for Descom Fintech 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 Descom Fintech 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 Descom Fintech 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 Descom Fintech Solutions Private Limited
Descom Fintech Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAGCD8251R1ZV | Uttar Pradesh | Active | 05 Oct 2018 |
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 Descom Fintech 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 Descom Fintech Solutions Private Limited
Descom Fintech Solutions is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in other services, within the business services industry. It was incorporated on 31 August 2018 (8+ years old) and is registered under CIN U74990UP2018PTC107353.
Descom Fintech Solutions reported revenue of ₹12.72 Lakh for FY 2024 (down 36% YoY).
Descom Fintech Solutions has 3 current directors:
- Chanchal Singh Adhikari - Director
- Deepak Singh Adhikari - Director
- Soban Adhikari Singh - Director
Descom Fintech Solutions reported a net loss of ₹15,632 (net margin -1.2%) and EBITDA of ₹8,634 (EBITDA margin 0.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Descom Fintech Solutions is -26% over three years and 4% over five years. In the latest year (FY 2024) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Descom Fintech Solutions is 09AAGCD8251R1ZV, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Descom Fintech Solutions is U74990UP2018PTC107353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Descom Fintech Solutions was incorporated on 31 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Virendra Singh Vikram ceased to be Director on 16 Sep 2020. Chanchal Singh Adhikari was appointed as Director on 10 Sep 2020. Deepak Singh Adhikari was appointed as Director on 10 Sep 2020. Descom Fintech Solutions has 4 board changes on record in total.
Yes, Descom Fintech Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).