About Firstbest Consultants Private Limited
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Firstbest Consultants Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 November 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1985PTC007261. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It was formerly known as Merican Investment and Finance Private Limited and Firstbest Computer Academy Private Limited. It is led by directors Pundalika Kodi Nayak and Sneha Kini.
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 373 Ishavasya Ground Floor Opp. Nativity Church 5th Main A.M.S Layout Vidyaranyapura, Bengaluru, Karnataka, India – 560097.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.2 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.45 Lakh (net margin 18.9%) and EBITDA of ₹10.39 Lakh (EBITDA margin 57.1%). Revenue has grown at a compounded annual rate (CAGR) of 215% over three years and 1% over five years.
As per MCA filings, the company has satisfied charges of ₹35 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstbestconsultants.com.
Company details
Name history
Firstbest Consultants has undergone 2 name changes throughout its history. The company was previously known as Merican Investment And Finance Private Limited, and Firstbest Computer Academy Private Limited. The current legal name is Firstbest Consultants Private Limited.
| Company Name | Status |
|---|---|
| Firstbest Consultants Private Limited | Current |
| Merican Investment And Finance Private Limited | Previous |
| Firstbest Computer Academy Private Limited | Previous |
CIN history
Firstbest Consultants has one previous CIN (Corporate Identification Number): U67120KA1985PTC007261. The current CIN is U72200KA1985PTC007261, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA1985PTC007261 | Current |
| U67120KA1985PTC007261 | Previous |
Contact details
Firstbest Consultants Private Limited's registered office is in Bengaluru, Karnataka. Its website is firstbestconsultants.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address373 Ishavasya Ground Floor Opp. Nativity Church 5th Main A.M.S Layout Vidyaranyapura, Bengaluru, Karnataka, India – 560097
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Firstbest Consultants 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
Business activity
The main business activity of Firstbest Consultants is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Firstbest Consultants Private Limited, buy the company report.
Financials of Firstbest Consultants Private Limited
FY 2024 filings availableFirstbest Consultants Private Limited reported revenue of ₹18.2 Lakh (up 429% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 429% growth 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 | ₹10.39 Lakh | ||||
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| Net Profit (PAT) | ₹3.45 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 | 57.1% | ||||
| Net Profit Margin | 18.9% | ||||
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To see the full financial statements and ratios of Firstbest Consultants Private Limited, buy the company report.
Board of directors of Firstbest Consultants Private Limited
Firstbest Consultants 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 |
|---|---|---|---|---|
| Pundalika Kodi Nayak | Director | 05 Sep 2019 | 7 Years 1 Months | Current |
| Sneha Kini | Director | 01 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Firstbest Consultants Private Limited is audited by NPSV & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NPSV & Co | FY 2023 | 016511S |
Shareholding
The shareholding of Firstbest Consultants 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 Firstbest Consultants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2019 | 100267078 | Axis Bank Limited | ₹5 Lakh | Satisfied | |
| 23 Dec 2009 | 10198294 | Axis Bank Limited | ₹30 Lakh | Satisfied |
To see the full charge records of Firstbest Consultants Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Firstbest Consultants 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 Firstbest Consultants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Firstbest Consultants has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Firstbest Consultants Private Limited, buy the company report.
Recent activity
Firstbest Consultants Private Limited has 10 board changes on record since 2010: 3 appointments and 7 cessations. The latest: Suhas Kini ceased to be Additional Director on 29 Sep 2024.
6 earlier events are in the company report.
Frequently asked questions
Firstbest Consultants is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 November 1985 (41+ years old) and is registered under CIN U72200KA1985PTC007261.
Firstbest Consultants has 2 current directors:
- Pundalika Kodi Nayak - Director
- Sneha Kini - Director
The latest financial statements of Firstbest Consultants 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.
No. Firstbest Consultants has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Firstbest Consultants is U72200KA1985PTC007261. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstbest Consultants was incorporated on 06 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
Suhas Kini ceased to be Additional Director on 29 Sep 2024. Suhas Kini was appointed as Additional Director on 12 Aug 2023. Mattar Prabhakar Kini ceased to be Managing Director on 05 Sep 2019. Firstbest Consultants has 10 board changes on record in total.
Firstbest Consultants can be reached through the website firstbestconsultants.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Firstbest Consultants is at 373 Ishavasya Ground Floor Opp. Nativity Church 5th Main A.M.S Layout Vidyaranyapura, Bengaluru, Karnataka, India – 560097.
Firstbest Consultants operates in the information technology industry, in the IT consulting and support services segment.