MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-12-0084456
Far Shore Software Development Private Limited - information technology in Madurai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹7.82 Cr
▲ 6% YoY
Net profit · FY 2022
₹16.85 Lakh
Net margin 2.2%
EBITDA · FY 2022
₹22.77 Lakh
EBITDA margin 2.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹9.83 Lakh
Issued & subscribed
Company age
19 yrs
Est. 2007
Employees · EPFO
39
Provident fund records
Directors on board
2
As per MCA filings
About Far Shore Software Development Private Limited
Data last updated:
Far Shore Software Development Private Limited is a private limited company based in Madurai, Tamil Nadu, India, a subsidiary of Farshore Partners Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2007PTC065522. Its GSTIN is 33AABCF2621A1ZK (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.83 Lakh. It is led by directors Balchamy Srinivasan (Managing Director) and Srinivasan Bhuvaneswari.
Its last annual general meeting (AGM) was held on 03 October 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Madurai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.82 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹16.85 Lakh (net margin 2.2%) and EBITDA of ₹22.77 Lakh (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: FarShore.
Far Shore Software Development Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-12-0084456). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website farshore.com.
Company details
CIN U72200TN2007PTC065522
Registration Number 065522
Incorporation Date 27 November 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 03 October 2022
Date of Balance Sheet 31 March 2022
Parent Company Farshore Partners Llc
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-12-0084456
Recognitions & Rankings of Far Shore Software Development
Contact details
Far Shore Software Development Private Limited's registered office is in Madurai, Tamil Nadu. Its website is farshore.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address25F – 26 Thillaisivam Commercial Complex III Floor Ghokale Road Chinnachokkikula, M, Madurai, Tamil Nadu, India – 625002
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Far Shore Software Development Private Limited, buy the company report.
Comprehensive company report
Far Shore Software Development Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Far Shore Software Development operates one associated brand: FarShore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers custom software development, web, mobile, and digital marketing services. | farshore.com |
Business activity
The main business activity of Far Shore Software Development is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Far Shore Software Development Private Limited, buy the company report.
Financials of Far Shore Software Development Private Limited
FY 2022 filings availableFar Shore Software Development Private Limited reported revenue of ₹7.82 Cr (up 6% YoY) for FY 2022.
Revenue · FY 2022
₹7.82 Cr ▲ 6%
Net profit · FY 2022
₹16.85 Lakh margin 2.2%
EBITDA · FY 2022
₹22.77 Lakh margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 13%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 3%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 6% growth in the latest year. 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹22.77 Lakh | ||||
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| Net Profit (PAT) | ₹16.85 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Far Shore Software Development Private Limited, buy the company report.
Board of directors of Far Shore Software Development Private Limited
Far Shore Software Development has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balchamy Srinivasan Also directs: Alphacoup Autos Private Limited, Meham Ie Private Limited, Siqsess Holding India Private Limited and 2 more | Managing Director | 27 Nov 2007 | 18 Years 10 Months | Current |
| Srinivasan Bhuvaneswari | Director | 27 Nov 2007 | 18 Years 10 Months | Current |
Peer comparison
Far Shore Software Development Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Teksoft Labs Private Limited | ₹7.86 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Optimint Solutions Private Limited | ₹7.85 Cr (FY 2024) | -4.0% | Gurgaon, Haryana, India | |||
| Toshal Infotech Private Limited | ₹7.84 Cr (FY 2025) | 20.0% | Surat, Gujarat, India | |||
| Hunnarvi Technologies Private Limited | ₹7.83 Cr (FY 2022) | 733.0% | Bangalore, Karnataka, India | |||
| Flamon Cloudtech Private Limited | ₹7.82 Cr (FY 2025) | 97.0% | Gurugram, Haryana, India | |||
| Far Shore Software Development Private Limitedthis company | ₹7.82 Cr (FY 2022) | ₹16.85 Lakh | 2.2% | 6.0% | 39 | Madurai, Tamil Nadu, India |
| Ensoftek Solutions (India) Private Limited | ₹7.82 Cr (FY 2024) | 16.0% | Hyderabad, Telangana, India | |||
| SSB Digital Private Limited | ₹7.82 Cr (FY 2025) | -58.0% | Ahmedabad, Gujarat, India | |||
| Myoffice Answer India Private Limited | ₹7.81 Cr (FY 2024) | 8.0% | Vadodara, Gujarat, India | |||
| Ctrlaltnow Solutions Private Limited | ₹7.81 Cr (FY 2025) | Pune, Maharashtra, India | ||||
| Intouch Systems Private Limited | ₹7.81 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Far Shore Software Development Private Limited, buy the company report.
Auditor
Far Shore Software Development Private Limited is audited by A V GOPALAKRISHNAN & DINESH for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V GOPALAKRISHNAN & DINESH | FY 2019 | 008833S |
Shareholding
The shareholding of Far Shore Software Development Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Far Shore Software Development Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Far Shore Software Development 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
No delayed payments to MSME suppliers are on our record for Far Shore Software Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Far Shore Software Development Private Limited has a workforce of 39 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
39
Active EPFO establishments
1
Employee growth
-52.44%
GST
Far Shore Software Development has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCF2621A1ZK | Tamil Nadu | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Far Shore Software Development Private Limited, buy the company report.
Recent activity
Far Shore Software Development Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Balchamy Srinivasan ceased to be Director on 30 Nov 2007.
AGM
Far Shore Software Development Private Limited last Annual general meeting of members was held on 03 Oct 2022 as per latest MCA records.
Filing
Far Shore Software Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chennai.
Ceased
Balchamy Srinivasan ceased to be Director.
Appointed
Balchamy Srinivasan was appointed as Managing Director.
Appointed
Srinivasan Bhuvaneswari was appointed as Director.
Incorporation
27 Nov 2007
Far Shore Software Development Private Limited was registered on 27 Nov 2007 with Roc Chennai & aged 18 years 10 months as per MCA records.
Frequently asked questions
Far Shore Software Development is an active private limited company based in Madurai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 November 2007 (19+ years old) and is registered under CIN U72200TN2007PTC065522.
Far Shore Software Development has 2 current directors:
- Balchamy Srinivasan - Managing Director
- Srinivasan Bhuvaneswari - Director
The latest financial statements of Far Shore Software Development on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 03 October 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Far Shore Software Development is 33AABCF2621A1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Far Shore Software Development is U72200TN2007PTC065522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Far Shore Software Development was incorporated on 27 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Far Shore Software Development by revenue are Teksoft Labs Private Limited, Optimint Solutions Private Limited, Toshal Infotech Private Limited, Hunnarvi Technologies Private Limited, Flamon Cloudtech Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Balchamy Srinivasan ceased to be Director on 30 Nov 2007. Balchamy Srinivasan was appointed as Managing Director on 27 Nov 2007. Srinivasan Bhuvaneswari was appointed as Director on 27 Nov 2007.
Yes, Far Shore Software Development is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-12-0084456).
Far Shore Software Development can be reached through the website farshore.com. Its registered office is in Madurai, Tamil Nadu, India.
The registered office of Far Shore Software Development is at 25F – 26 Thillaisivam Commercial Complex III Floor Ghokale Road Chinnachokkikula, M, Madurai, Tamil Nadu, India – 625002.