About Harman Connected Services Technologies Private Limited
Data last updated:
Harman Connected Services Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Harman Connected Services Corporation India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 August 1994.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA1994PTC016007. Its GSTIN is 36AADCA1576D2ZY (Telangana). The company held 6 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹26.48 Cr. It was led by directors Vinay Bharti Bhatia and Amit Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at C – 4 Block Wing A Manyata Embassy Business Park Rachenahalli Village Outer Ring Road, Bangalore, Karnataka, India – 560045.
As per the financials filed for FY 2017, the company reported a revenue of ₹601.2 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹11.5 Cr (net margin 1.9%) and EBITDA of ₹20.2 Cr (EBITDA margin 3.4%).
The company had about 1,096 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 2 brands: Aditi and Harman International. As per MCA filings, the company had satisfied charges of ₹30 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in April 2014. Its 3 peer companies in the Information Technology industry (Application Development), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 3 larger; the largest is Electronic Arts Games (India) Private Limited with revenue of ₹656.38 Cr.
The last known website on record is harman.com.
Company details
Contact details
Harman Connected Services Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is harman.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressC – 4 Block Wing A Manyata Embassy Business Park Rachenahalli Village Outer Ring Road, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Harman Connected Services Technologies 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
Harman Connected Services Technologies operates two associated brands: Aditi and Harman International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Aditi Technologies Now HARMAN, is outsourced product development company offering services to ISVs | aditi.com | |
| Provider of infotainment and audio solutions for multiple sectors | harman.com |
Business activity
The main business activity of Harman Connected Services Technologies 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 Harman Connected Services Technologies Private Limited, buy the company report.
Financials of Harman Connected Services Technologies Private Limited
FY 2017 filings availableHarman Connected Services Technologies Private Limited reported revenue of ₹601.2 Cr (up 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA fell 49% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹601.2 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.2 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹11.5 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.4% | ||
| Net Profit Margin | 1.9% | ||
| 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 Harman Connected Services Technologies Private Limited, buy the company report.
Board of directors of Harman Connected Services Technologies Private Limited
Harman Connected Services Technologies has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Agarwal | Additional Director | 05 Jan 2018 | 8 Years 9 Months | As last reported |
| Vinay Bharti Bhatia | Director | 08 Dec 2014 | 11 Years 10 Months | As last reported |
Peer comparison
Harman Connected Services Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with 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 |
|---|---|---|---|---|---|---|
| Electronic Arts Games (India) Private Limited | ₹656.38 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Sabre Travel Technologies Private Limited | ₹615.84 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Bitwise Solutions Private Limited | ₹602.06 Cr (FY 2024) | 8.0% | Pune, Maharashtra, India | |||
| Harman Connected Services Technologies Private Limitedthis company | ₹601.2 Cr (FY 2017) | ₹11.5 Cr | 1.9% | 3.0% | 1,096 | Bangalore, Karnataka, India |
To see the full peer comparison of Harman Connected Services Technologies Private Limited, buy the company report.
Auditor
Harman Connected Services Technologies Private Limited is audited by B S R & Co. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2017 | 101248W/W100022 |
Shareholding
The shareholding of Harman Connected Services Technologies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Harman Connected Services Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2013 | 10431968 | Citibank N. A. | ₹5 Cr | Satisfied | |
| 18 Aug 2005 | 80003855 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Satisfied |
To see the full charge records of Harman Connected Services Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Harman Connected Services Technologies Private Limited has 1 deal on record (1 acquisition); the latest was in April 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2014 | Acquisition | ₹449.84 Cr | Buyer: Connected Services Corporation Wipro India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Harman Connected Services Technologies Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company | Pending |
To see the full case history of Harman Connected Services Technologies 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 Harman Connected Services Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Harman Connected Services Technologies has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Insp India Software Development Private Limited | U72200KA2007PTC043229 | |
| Insp India Software Development Private Limited | U72200KA2007PTC043229 |
To see the full group structure of Harman Connected Services Technologies Private Limited, buy the company report.
Employees & EPFO
Harman Connected Services Technologies Private Limited has a workforce of 1,096 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Harman Connected Services Technologies has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCA1576D2ZY | Telangana | Active | 26 Sep 2018 |
To see the full GST registrations and return filing status of Harman Connected Services Technologies Private Limited, buy the company report.
Recent activity
Harman Connected Services Technologies Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Amit Agarwal was appointed as Additional Director on 05 Jan 2018.
6 earlier events are in the company report.
News
Frequently asked questions
Harman Connected Services Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Harman Connected Services Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 01 August 1994 and is registered under CIN U72200KA1994PTC016007. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Harman Connected Services Technologies was incorporated on 01 August 1994. It is registered with the Registrar of Companies, Bangalore.
Harman Connected Services Technologies had 2 directors:
- Amit Agarwal - Additional Director
- Vinay Bharti Bhatia - Director
The CIN (Corporate Identification Number) of Harman Connected Services Technologies is U72200KA1994PTC016007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Harman Connected Services Technologies is at C – 4 Block Wing A Manyata Embassy Business Park Rachenahalli Village Outer Ring Road, Bangalore, Karnataka, India – 560045.
Harman Connected Services Technologies can be reached through the website harman.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Harman Connected Services Technologies on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Harman Connected Services Technologies is 36AADCA1576D2ZY, registered in Telangana. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
Harman Connected Services Technologies operated in the information technology industry, in the application development and software solutions segment.
Harman Connected Services Technologies has 1 deal on record (1 acquisition); the latest was in April 2014.