I Fly Techsoft Private Limited
About I Fly Techsoft Private Limited
Data last updated:
I Fly Techsoft Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 July 2013.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC070205. Its GSTIN is 29AADCI3332H1ZO (Karnataka).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Mohammed Ilyas Nayeem (Managing Director) and Sadashiv Subray Joshi.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Unit No. 303 3rd Floor Centre Point Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2016, the company reported a revenue of ₹10.12 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹57.69 Lakh and EBITDA of -₹34.14 Lakh (EBITDA margin -337.5%).
Company details
Contact details
I Fly Techsoft Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No. 303 3rd Floor Centre Point Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of I Fly Techsoft 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 I Fly Techsoft is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of I Fly Techsoft Private Limited, buy the company report.
Financials of I Fly Techsoft Private Limited
FY 2016 filings availableI Fly Techsoft Private Limited reported revenue of ₹10.12 Lakh (down 1% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA fell 295% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹10.12 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹34.14 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹57.69 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -337.5% | |
| Net Profit Margin | ||
| 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 I Fly Techsoft Private Limited, buy the company report.
Board of directors of I Fly Techsoft Private Limited
I Fly Techsoft has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Ilyas Nayeem | Managing Director | 19 Jul 2013 | 13 Years 3 Months | As last reported |
| Sadashiv Subray Joshi | Director | 19 Jul 2013 | 13 Years 3 Months | As last reported |
| Shahid Parvezs Badruddin Also directs: Chemmad Realtors LLP | Director | 20 May 2015 | 11 Years 5 Months | As last reported |
| Mohammed Ahamed Mubaraq | Director | 19 Jul 2013 | 13 Years 3 Months | As last reported |
| Shahabuddin Saqib | Director | 20 May 2015 | 11 Years 5 Months | As last reported |
| Manjunath Manjunath Milind | Director | 13 Jun 2014 | 12 Years 5 Months | As last reported |
Peer comparison
I Fly Techsoft Private Limited is compared with the 4 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cozy Vision Infotech Private Limited | ₹10.13 Lakh (FY 2025) | -8.0% | Delhi, India | |||
| Ebmamo (OPC) Private Limited | ₹10.12 Lakh (FY 2020) | -40.0% | Nashik, Maharashtra, India | |||
| I Fly Techsoft Private Limitedthis company | ₹10.12 Lakh (FY 2016) | -₹57.69 Lakh | -1.0% | Bangalore, Karnataka, India | ||
| Naveen Yaswanth Web Solutions Private Limited (OPC) | ₹10.11 Lakh (FY 2018) | 1.0% | Hyderabad, Telangana, India | |||
| Camncloud Technologies Private Limited | ₹10.11 Lakh (FY 2024) | 90.0% | Delhi, India |
To see the full peer comparison of I Fly Techsoft Private Limited, buy the company report.
Auditor
I Fly Techsoft Private Limited is audited by P R V AND COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R V AND COMPANY | FY 2016 | 011669S |
Shareholding
The shareholding of I Fly Techsoft Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of I Fly Techsoft Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving I Fly Techsoft 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 I Fly Techsoft Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
I Fly Techsoft has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI3332H1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of I Fly Techsoft Private Limited, buy the company report.
Recent activity
I Fly Techsoft Private Limited has 11 board changes on record since 2013: 6 appointments and 5 cessations. The latest: Shahid Parvezs Badruddin ceased to be Director on 27 Mar 2019.
2 earlier events are in the company report.
Frequently asked questions
I Fly Techsoft has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
I Fly Techsoft was a private limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 19 July 2013 and is registered under CIN U72200KA2013PTC070205. The company has been struck off by the Registrar of Companies and is no longer operational.
I Fly Techsoft had 6 directors:
- Mohammed Ilyas Nayeem - Managing Director
- Sadashiv Subray Joshi - Director
- Shahid Parvezs Badruddin - Director
- Mohammed Ahamed Mubaraq - Director
- Shahabuddin Saqib - Director
- Manjunath Manjunath Milind - Director
The CIN (Corporate Identification Number) of I Fly Techsoft is U72200KA2013PTC070205. 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 I Fly Techsoft is at Unit No. 303 3rd Floor Centre Point Residency Road, Bangalore, Karnataka, India – 560025.
I Fly Techsoft was incorporated on 19 July 2013. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of I Fly Techsoft on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of I Fly Techsoft is 29AADCI3332H1ZO, registered in Karnataka.
I Fly Techsoft operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.
The peers of I Fly Techsoft by revenue are Cozy Vision Infotech Private Limited, Ebmamo (OPC) Private Limited, Naveen Yaswanth Web Solutions Private Limited (OPC), Camncloud Technologies Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Shahid Parvezs Badruddin ceased to be Director on 27 Mar 2019. Mohammed Ahamed Mubaraq ceased to be Director on 27 Oct 2017. Shahabuddin Saqib ceased to be Director on 27 Oct 2017. I Fly Techsoft has 11 board changes on record in total.
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