About Etisalat Software Solutions Private Limited
Data last updated:
Etisalat Software Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Emirates Telecommunications Group Company Pjsc. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 13 March 2007.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC042080. Its GSTIN is 29AABCE7261M1Z7 (Karnataka).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.48 Cr. It is led by directors including Ahmed Mohamed Rasool Alawadi and Muammar Nasir A Mansoor Alrukhaimi Alsebeyi.
Its last annual general meeting (AGM) was held on 19 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 4th Floor Vakil Square 56/3 Bannerghatta Road New Gurappana Palya Bangalore – 560029, Bengaluru, Karnataka, India – 560029.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.97 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹2.98 Cr (net margin 11.5%) and EBITDA of ₹6.08 Cr (EBITDA margin 23.4%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Technologia. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹27.67 Cr; the latest was in July 2007. Its 4 peer companies in the Information Technology industry (Application Development, IT Products Retail and Distribution), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Nihon Technology Private Limited with revenue of ₹26.27 Cr.
The last known website on record is technologiaworld.com.
Company details
Contact details
Etisalat Software Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is technologiaworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Vakil Square 56/3 Bannerghatta Road New Gurappana Palya Bangalore – 560029, Bengaluru, Karnataka, India – 560029
- IndustryInformation Technology, IT Products Retail & Distribution, Application Development & Software Solutions
To see the full contact details of Etisalat Software 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
Etisalat Software Solutions operates one associated brand: technologia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers integrated telecom support, managed services, analytics, and mobile app development. | technologiaworld.com |
Business activity
The main business activity of Etisalat Software Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Etisalat Software Solutions Private Limited, buy the company report.
Financials of Etisalat Software Solutions Private Limited
FY 2019 filings availableEtisalat Software Solutions Private Limited reported revenue of ₹25.97 Cr (down 52% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over three years, including a 52% fall in the latest year. EBITDA rose 626% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹25.97 Cr | ||||
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| EBITDA | ₹6.08 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.98 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.4% | ||||
| Net Profit Margin | 11.5% | ||||
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To see the full financial statements and ratios of Etisalat Software Solutions Private Limited, buy the company report.
Board of directors of Etisalat Software Solutions Private Limited
Etisalat Software Solutions has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ahmed Mohamed Rasool Alawadi | Director | 24 Aug 2017 | 9 Years 2 Months | As last reported |
| Muammar Nasir A Mansoor Alrukhaimi Alsebeyi | Director | 24 Aug 2017 | 9 Years 2 Months | As last reported |
| Bela Mahesh Shenoy Also directs: Legalcliff Consulting LLP | Director | 12 Jul 2018 | 8 Years 3 Months | As last reported |
Peer comparison
Etisalat Software Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development, IT Products Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Nihon Technology Private Limited | ₹26.27 Cr (FY 2025) | 12.0% | Taramani, Tamil Nadu, India | |||
| Saxon Infosystems Private Limited | ₹26.11 Cr (FY 2025) | 60.0% | Pune, Maharashtra, India | |||
| Etisalat Software Solutions Private Limitedthis company | ₹25.97 Cr (FY 2019) | ₹2.98 Cr | 11.5% | -52.0% | 10 | Bengaluru, Karnataka, India |
| Ef Information Systems Private Limited | ₹25.91 Cr (FY 2024) | 19.0% | Bangalore, Karnataka, India | |||
| Acceltree Software Private Limited | ₹25.76 Cr (FY 2025) | 10.0% | Pune, Maharashtra, India |
To see the full peer comparison of Etisalat Software Solutions Private Limited, buy the company report.
Auditor
Etisalat Software Solutions Private Limited is audited by B S R & Co LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2019 | 101248W/W-100022 |
Shareholding
The shareholding of Etisalat Software Solutions Private 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 Etisalat Software Solutions Private Limited, buy the company report.
Deals & funding
Etisalat Software Solutions Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹27.67 Cr; the latest was in July 2007.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2007 | Funding round | ₹23.64 Cr | Investors: Emirates Telecommunications Corporation, Emirates Telecommunications and Marine Services FEZ |
To see the full deal history of Etisalat Software Solutions Private 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
Etisalat Software Solutions Private Limited has 2 court cases on record: 1 filed by Etisalat Software Solutions, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax, | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against The Additional/Joint/Deputy/Assistant Commissioner of Income Tax/Income Tax Officer and 4 others | Disposed |
To see the full case history of Etisalat Software Solutions Private 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 Etisalat Software Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Etisalat Software Solutions Private Limited has a workforce of 10 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Etisalat Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCE7261M1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Etisalat Software Solutions Private Limited, buy the company report.
Recent activity
Etisalat Software Solutions Private Limited has 16 board changes on record since 2012: 3 appointments and 13 cessations. The latest: Bela Mahesh Shenoy ceased to be Additional Director on 24 Sep 2018.
7 earlier events are in the company report.
Frequently asked questions
Etisalat Software Solutions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Etisalat Software Solutions is a company under liquidation, formerly operating as a private limited company based in Bengaluru, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 13 March 2007 and is registered under CIN U72200KA2007PTC042080. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Etisalat Software Solutions has 3 current directors:
- Ahmed Mohamed Rasool Alawadi - Director
- Muammar Nasir A Mansoor Alrukhaimi Alsebeyi - Director
- Bela Mahesh Shenoy - Director
The latest financial statements of Etisalat Software Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 19 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Etisalat Software Solutions is U72200KA2007PTC042080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etisalat Software Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it.
Etisalat Software Solutions was incorporated on 13 March 2007. It is registered with the Registrar of Companies, Bangalore.
Etisalat Software Solutions has 2 deals on record (2 funding rounds), with disclosed funding of ₹27.67 Cr; the latest was in July 2007.
The peers of Etisalat Software Solutions by revenue are Nihon Technology Private Limited, Saxon Infosystems Private Limited, Ef Information Systems Private Limited, Acceltree Software Private Limited, all in the Information Technology industry (Application Development, IT Products Retail and Distribution), with the same principal business activity (computer programming, consultancy and related activities).
Bela Mahesh Shenoy ceased to be Additional Director on 24 Sep 2018. Bela Mahesh Shenoy was appointed as Director on 12 Jul 2018. Govvindraja Halurr ceased to be Company Secretary on 31 May 2018. Etisalat Software Solutions has 16 board changes on record in total.
Etisalat Software Solutions can be reached through the website technologiaworld.com. Its registered office is in Bengaluru, Karnataka, India.