About Gem Software Solutions Limited
Data last updated:
Gem Software Solutions Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN1997PLC037260. Its GSTIN is 33AAACP5830A1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh. It was formerly known as Pronet System Limited and Pronet System Private Limited. It is led by directors including Mahandra Simhan Damodara Panicker and Srinivasan Gopal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 78 Cathedral Road, Chennai, Tamil Nadu, India – 600086.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.45 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹83.46 Lakh (net margin -15.3%) and EBITDA of -₹80.66 Lakh (EBITDA margin -14.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 159 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GEM SoftwareSolution.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemsoft.co.in.
Company details
Name history
Gem Software Solutions has undergone 2 name changes throughout its history. The company was previously known as Pronet System Limited, and Pronet System Private Limited. The current legal name is Gem Software Solutions Limited.
| Company Name | Status |
|---|---|
| Gem Software Solutions Limited | Current |
| Pronet System Limited | Previous |
| Pronet System Private Limited | Previous |
Contact details
Gem Software Solutions Limited's registered office is in Chennai, Tamil Nadu. Its website is gemsoft.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address78 Cathedral Road, Chennai, Tamil Nadu, India – 600086
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Gem Software Solutions 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
Gem Software Solutions operates one associated brand: GEM SoftwareSolution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT services, products, staffing, and solutions for organizations and education sectors. | gemsoft.co.in |
Business activity
The main business activity of Gem Software Solutions is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Gem Software Solutions Limited, buy the company report.
Financials of Gem Software Solutions Limited
FY 2023 filings availableGem Software Solutions Limited reported revenue of ₹5.45 Cr (down 5% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 432% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹80.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹83.46 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Gem Software Solutions Limited, buy the company report.
Board of directors of Gem Software Solutions Limited
Gem Software Solutions has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahandra Simhan Damodara Panicker Also directs: Gemsoft Business Solutions Private Limited | Director | 07 Oct 2008 | 18 Years 0 Months | Current |
| Srinivasan Gopal Also directs: Gem Spinners India Limited, Gem Graphites Private Limited, Shanmugha Granite Industries Private Limited and 3 more | Director | 03 Jan 2017 | 9 Years 9 Months | Current |
| Ramadoss Govindaraj Also directs: Cauvery Stones Impex Private Limited | Director | 07 Oct 2008 | 18 Years 0 Months | Current |
Auditor
Gem Software Solutions Limited is audited by VIJAY SARATHY & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY SARATHY & CO | FY 2022 | 004695S |
Shareholding
The shareholding of Gem Software Solutions Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gem Software Solutions Limited, buy the company report.
Legal cases
No court or tribunal cases involving Gem Software Solutions 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 Gem Software Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gem Software Solutions Limited has a workforce of 159 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Gem Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP5830A1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gem Software Solutions Limited, buy the company report.
Recent activity
Gem Software Solutions Limited has 10 board changes on record since 2008: 3 appointments and 7 cessations. The latest: Srinivasan Gopal ceased to be Additional Director on 28 Sep 2017.
1 earlier event is in the company report.
Frequently asked questions
Gem Software Solutions is an active public limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 January 1997 (29+ years old) and is registered under CIN U72300TN1997PLC037260.
Gem Software Solutions has 3 current directors:
- Mahandra Simhan Damodara Panicker - Director
- Srinivasan Gopal - Director
- Ramadoss Govindaraj - Director
The latest financial statements of Gem Software Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Gem Software Solutions is 33AAACP5830A1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Gem Software Solutions is U72300TN1997PLC037260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gem Software Solutions was incorporated on 03 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
Srinivasan Gopal ceased to be Additional Director on 28 Sep 2017. Ramaswamy Dharumaiyan ceased to be Director on 03 Jan 2017. Srinivasan Gopal was appointed as Director on 03 Jan 2017. Gem Software Solutions has 10 board changes on record in total.
Gem Software Solutions can be reached through the website gemsoft.co.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Gem Software Solutions is at 78 Cathedral Road, Chennai, Tamil Nadu, India – 600086.
Gem Software Solutions operates in the information technology industry, in the application development and software solutions segment.