About Direxions Global Solutions Private Limited
Data last updated:
Direxions Global Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the customer loyalty and engagement solutions segment of the business services sector. It was incorporated on 10 August 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74300MH1994PTC080231. Its GSTIN is 27AABCD3948C1ZV (Maharashtra).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.65 Lakh. It was formerly known as Databasics Direct and Media Services Private Limited. It was led by directors including Leena Vivek Basrur (Managing Director) and Kaustubh Waman Nabar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 1st Floor Todi Building Mathuradas Mill Compound Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.55 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹48.52 Lakh (net margin -3.1%) and EBITDA of -₹42.51 Lakh (EBITDA margin -2.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
Its group structure included 1 subsidiary.
The company was associated with 1 brand: Direxions.
The last known website on record is direxions.com.
Company details
Contact details
Direxions Global Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is direxions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Todi Building Mathuradas Mill Compound Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryBusiness Services, Customer Loyalty & Engagement Solutions
To see the full contact details of Direxions Global Solutions Private 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
Direxions Global Solutions operates one associated brand: Direxions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Loyalty and marketing services are provided to clients. | direxions.com |
Business activity
The main business activity of Direxions Global Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Direxions Global Solutions Private Limited, buy the company report.
Financials of Direxions Global Solutions Private Limited
FY 2024 filings availableDirexions Global Solutions Private Limited reported revenue of ₹15.55 Cr (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 28% fall in the latest year. EBITDA fell 331% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹42.51 Lakh | ||||
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| Net Profit (PAT) | -₹48.52 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -2.7% | ||||
| Net Profit Margin | -3.1% | ||||
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To see the full financial statements and ratios of Direxions Global Solutions Private Limited, buy the company report.
Board of directors of Direxions Global Solutions Private Limited
Direxions Global Solutions has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaustubh Waman Nabar Also directs: Direxions Marketing Solutions Private Limited | Director | 15 Nov 2016 | 9 Years 11 Months | As last reported |
| Avinash Mukund Paranjape | Director | 25 Oct 2013 | 13 Years 0 Months | As last reported |
| Leena Vivek Basrur | Managing Director | 10 Aug 1994 | 32 Years 2 Months | As last reported |
Auditor
Direxions Global Solutions Private Limited is audited by CNK & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & Associates LLP | FY 2023 | 101961W |
Shareholding
The shareholding of Direxions Global Solutions Private 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 Direxions Global Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Direxions Global Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Direxions Global Solutions Private Limited has 8 MSME Form 1 returns on record between 2020 and 2024, listing 32 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| CNK & Associates LLP | |||
| an individual supplier | |||
| Topsource Infotech Solutions Private Limited |
To see the full MSME payment records of Direxions Global Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Direxions Global 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 |
|---|---|---|
| Direxions Marketing Solutions Private Limited | U51909MH2003PTC142765 |
To see the full group structure of Direxions Global Solutions Private Limited, buy the company report.
GST
Direxions Global Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD3948C1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Direxions Global Solutions Private Limited, buy the company report.
Recent activity
Direxions Global Solutions Private Limited has 13 board changes on record since 1994: 3 appointments and 10 cessations. The latest: Kaustubh Waman Nabar ceased to be Additional Director on 26 Sep 2017.
4 earlier events are in the company report.
Frequently asked questions
Direxions Global 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.
Direxions Global Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in customer loyalty and engagement solutions, within the business services industry. It was incorporated on 10 August 1994 and is registered under CIN U74300MH1994PTC080231. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Direxions Global Solutions was incorporated on 10 August 1994. It is registered with the Registrar of Companies, Mumbai.
Direxions Global Solutions had 3 directors:
- Leena Vivek Basrur - Managing Director
- Kaustubh Waman Nabar - Director
- Avinash Mukund Paranjape - Director
The CIN (Corporate Identification Number) of Direxions Global Solutions is U74300MH1994PTC080231. 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 Direxions Global Solutions is at 1st Floor Todi Building Mathuradas Mill Compound Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
Direxions Global Solutions can be reached through the website direxions.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Direxions Global Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Direxions Global Solutions is 27AABCD3948C1ZV, registered in Maharashtra.
Direxions Global Solutions operated in the business services industry, in the customer loyalty and engagement solutions segment.
Direxions Global Solutions has 8 MSME Form 1 returns on record between 2020 and 2024, listing 32 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 Apr 2024.