About Hignosis IT Solutions Private Limited
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Hignosis IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2016PTC085759. Its GSTIN is 29AADCH8103M1ZB (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.67 Lakh. It is led by directors including Archita Nayak and Sangeeta Mohapatra.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at #176 Thubarahalli Whitefield Main Road, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2019, the company reported a revenue of ₹41.62 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.77 Lakh (net margin 11.5%) and EBITDA of ₹6.61 Lakh (EBITDA margin 15.9%).
The company is associated with 1 brand: Hignosis.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hignosisit.com.
Company details
Contact details
Hignosis IT Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is hignosisit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#176 Thubarahalli Whitefield Main Road, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Hignosis IT 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
Hignosis IT Solutions operates one associated brand: Hignosis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in custom application development services for tailored software solutions. | hignosisit.com |
Business activity
The main business activity of Hignosis IT Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Hignosis IT Solutions Private Limited, buy the company report.
Financials of Hignosis IT Solutions Private Limited
FY 2019 filings availableHignosis IT Solutions Private Limited reported revenue of ₹41.62 Lakh (up 830% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 830% in the latest year. EBITDA rose 115% in the latest 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹41.62 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.61 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.77 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 15.9% | |||
| Net Profit Margin | 11.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Hignosis IT Solutions Private Limited, buy the company report.
Board of directors of Hignosis IT Solutions Private Limited
Hignosis IT Solutions has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Archita Nayak Also directs: Signature Fashionistas India Private Limited | Director | 03 Feb 2016 | 10 Years 9 Months | Current |
| Sangeeta Mohapatra Also directs: Eco-Consize Innovations Private Limited | Director | 05 Jun 2017 | 9 Years 5 Months | Current |
| Sarita Mohapatra | Director | 05 Jun 2017 | 9 Years 5 Months | Current |
| Deepak Kumar Dash | Director | 05 Jun 2017 | 9 Years 5 Months | Current |
Auditor
Hignosis IT Solutions Private Limited is audited by DURGA KRISHNAMURTHY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DURGA KRISHNAMURTHY & CO | FY 2019 | 008653S |
Shareholding
The shareholding of Hignosis IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hignosis IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hignosis IT Solutions 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 Hignosis IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hignosis IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH8103M1ZB | Karnataka | Active | 18 Nov 2017 |
To see the full GST registrations and return filing status of Hignosis IT Solutions Private Limited, buy the company report.
Recent activity
Hignosis IT Solutions Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Tarakanta Nayak ceased to be Director on 01 Oct 2019.
Frequently asked questions
Hignosis IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 February 2016 (10+ years old) and is registered under CIN U72300KA2016PTC085759.
Hignosis IT Solutions has 4 current directors:
- Archita Nayak - Director
- Sangeeta Mohapatra - Director
- Sarita Mohapatra - Director
- Deepak Kumar Dash - Director
The latest financial statements of Hignosis IT Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Hignosis IT Solutions is 29AADCH8103M1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Hignosis IT Solutions is U72300KA2016PTC085759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hignosis IT Solutions was incorporated on 03 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Tarakanta Nayak ceased to be Director on 01 Oct 2019. Deepak Kumar Dash was appointed as Director on 05 Jun 2017. Sangeeta Mohapatra was appointed as Director on 05 Jun 2017. Hignosis IT Solutions has 5 board changes on record in total.
Hignosis IT Solutions can be reached through the website hignosisit.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hignosis IT Solutions is at #176 Thubarahalli Whitefield Main Road, Bangalore, Karnataka, India – 560066.
Hignosis IT Solutions operates in the information technology industry, in the application development and software solutions segment.
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