About Effitrac Solutions India Private Limited
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Effitrac Solutions India Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72200TZ2012PTC018142. Its GSTIN is 29AAGCR0369E1ZB (Karnataka). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.06 Cr. It was formerly known as Redgrape Solutions Private Limited. It is led by directors Sathishkumar Ashokkumar and Logesh.
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 is at No.418/1 First Floor G.V. Residency Uppilipalayam, Coimbatore, Tamil Nadu, India – 641028.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.83 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹11.45 Lakh (net margin -15.3%) and EBITDA of ₹2.69 Lakh (EBITDA margin 3.6%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 7% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Effitrac. The company has 7 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7.06 Cr; the latest was in August 2021. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Vista Neotech Private Limited. The company has 2 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website effitrac.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.418/1 First Floor G.V. Residency Uppilipalayam, Coimbatore, Tamil Nadu, India – 641028
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Effitrac Solutions India Private Limited
The main business activity of Effitrac Solutions India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Effitrac Solutions India Private Limited FY 2024 filings available
Effitrac Solutions India Private Limited reported revenue of ₹74.83 Lakh (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Effitrac Solutions India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 17% fall in the latest year. EBITDA rose 103% 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 Effitrac Solutions India 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 | ₹2.69 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.45 Lakh | •••• | •••• | •••• | •••• |
| 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 Effitrac Solutions India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15.3% | •••• | •••• | •••• | •••• |
| 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 Effitrac Solutions India are in the company report.
Financial statements from 2015
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.
Peer Comparison of Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vista Neotech Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Expertelabs Solutions Private Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| JBN Creators Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Technigent Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Sanyo Lsi Technology India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Effitrac Solutions India Private Limited this company | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Alt Tab Consulting (India) Private Limited | •••• | •••• | •••• | •••• | - | Uppal, Telangana, India |
| Orell Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Cochin, Kerala, India |
| Servtech Systems India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| First Cloud Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Pedagantyada, Andhra Pradesh, India |
| Edrishyaa IT India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Effitrac Solutions India by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited is audited by B. Saravanan for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. Saravanan | Locked | Locked | Locked |
Complete auditor history
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 Effitrac Solutions India Private Limited
Effitrac Solutions India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathishkumar Ashokkumar | Director | 20 Dec 2023 | 2 Years 9 Months | Current |
| Logesh | Director | 17 Apr 2012 | 14 Years 5 Months | Current |
Ownership and Shareholding of Effitrac Solutions India 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 Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited has 7 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7.06 Cr; the latest was in August 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹4.89 Cr | Investors: 3 individuals |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Funding round | ₹90 Lakh | Investors: 2 individuals |
| Mar 2016 | Rights issue | ₹9 Lakh | Investors: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Riya Travel and Tours (India) Private Limited | •••• | •••• | •••• |
| Athappa Associates | •••• | •••• | •••• |
| Wayzon Infotech Private Limited | •••• | •••• | •••• |
| KSPV & Co | •••• | •••• | •••• |
| Adway IT Systems | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Effitrac Solutions India Private Limited
Effitrac Solutions India operates one associated brand: Effitrac. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides web-based applications for streamlined business management. | effitrac.com |
Employees and EPFO Compliance at Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited has a workforce of 9 employees as of Apr 05, 2024.
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 Effitrac Solutions India Private Limited
Effitrac Solutions India Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Sathishkumar Ashokkumar was appointed as Director on 20 Dec 2023.
Credit Ratings, Litigation & Regulatory Alerts for Effitrac Solutions India 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.
Subsidiaries & Group Companies of Effitrac Solutions India 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 Effitrac Solutions India Private Limited
Effitrac Solutions India has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR0369E1ZB | Karnataka | Active | 04 Mar 2022 |
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 Effitrac Solutions India 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 Effitrac Solutions India Private Limited
Effitrac Solutions India is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 April 2012 (14+ years old) and is registered under CIN U72200TZ2012PTC018142.
Effitrac Solutions India reported revenue of ₹74.83 Lakh for FY 2024 (down 17% YoY).
Effitrac Solutions India has 2 current directors:
- Sathishkumar Ashokkumar - Director
- Logesh - Director
Effitrac Solutions India reported a net loss of ₹11.45 Lakh (net margin -15.3%) and EBITDA of ₹2.69 Lakh (EBITDA margin 3.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Effitrac Solutions India is 25% over three years and -7% over five years. In the latest year (FY 2024) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Effitrac Solutions India is 29AAGCR0369E1ZB, registered in Karnataka. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Effitrac Solutions India is U72200TZ2012PTC018142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Effitrac Solutions India was incorporated on 17 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Coimbatore.
Effitrac Solutions India has 7 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹7.06 Cr; the latest was in August 2021.
The peers of Effitrac Solutions India by revenue are Vista Neotech Private Limited, Expertelabs Solutions Private Limited, JBN Creators Private Limited, Technigent Software Solutions Private Limited, Sanyo Lsi Technology India Private Limited and 5 more, all in the Information Technology industry (Application Development).
Sathishkumar Ashokkumar was appointed as Director on 20 Dec 2023. Gopinath Nallappan ceased to be Director on 15 Jul 2022. Nallappan Suresh Babu ceased to be Additional Director on 30 Dec 2021. Effitrac Solutions India has 9 board changes on record in total.
Yes, Effitrac Solutions India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).