MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-PY-03-0001513
I Horse Technologies Private Limited - information technology in Shanmugapuram, Puducherry, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹3.25 Cr
▼ 27% YoY
Net profit · FY 2022
₹2.26 Lakh
Net margin 0.7%
EBITDA · FY 2022
₹62.03 Lakh
EBITDA margin 19.1%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4.13 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
27
Provident fund records
About I Horse Technologies Private Limited
Data last updated:
I Horse Technologies Private Limited is a private limited company based in Shanmugapuram, Puducherry, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 26 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pondicherry, under CIN U72900PY2007PTC002068. Its GSTIN is 34AABCI7263F1ZP (Puducherry).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ihorse Bpo Solutions Private Limited. It is led by directors including Thirukkumaran Sivananthan and Kaundeya Sivananthan.
Its last annual general meeting (AGM) was held on 16 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Old No: 374 New No: 388 Vazhuthavur Main Road, Shanmugapuram, Puducherry, India – 605009.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.25 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹2.26 Lakh (net margin 0.7%) and EBITDA of ₹62.03 Lakh (EBITDA margin 19.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 15% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.13 Cr on record. Court records list 16 cases involving the company, including 1 filed by the company and 15 filed against it.
I Horse Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PY-03-0001513). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ihorsetech.com.
Company details
CIN U72900PY2007PTC002068
Registration Number 002068
Incorporation Date 26 June 2007
ROC Pondicherry
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-PY-03-0001513
Recognitions & Rankings of I Horse Technologies
Contact details
I Horse Technologies Private Limited's registered office is in Shanmugapuram, Puducherry. Its website is ihorsetech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOld No: 374 New No: 388 Vazhuthavur Main Road, Shanmugapuram, Puducherry, India – 605009
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of I Horse Technologies Private Limited, buy the company report.
Comprehensive company report
I Horse Technologies Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of I Horse Technologies is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of I Horse Technologies Private Limited, buy the company report.
Financials of I Horse Technologies Private Limited
FY 2022 filings availableI Horse Technologies Private Limited reported revenue of ₹3.25 Cr (down 27% YoY) for FY 2022.
Revenue · FY 2022
₹3.25 Cr ▼ 27%
Net profit · FY 2022
₹2.26 Lakh margin 0.7%
EBITDA · FY 2022
₹62.03 Lakh margin 19.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 11%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▼ 12%
5 years · compounded
▲ 17%
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 27% fall in the latest year. EBITDA rose 20% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3.25 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹62.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.26 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.1% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of I Horse Technologies Private Limited, buy the company report.
Board of directors of I Horse Technologies Private Limited
I Horse Technologies has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thirukkumaran Sivananthan Also directs: Paabulum Discoveries Private Limited | Director | 26 Jun 2007 | 19 Years 4 Months | Current |
| Kaundeya Sivananthan | Director | 26 Jun 2007 | 19 Years 4 Months | Current |
| Saravanan | Director | 26 Jun 2007 | 19 Years 4 Months | Current |
Auditor
I Horse Technologies Private Limited is audited by K S K N R & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S K N R & ASSOCIATES | FY 2022 | 011375S |
Shareholding
The shareholding of I Horse Technologies Private 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 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of I Horse Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.13 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2019 | 100279730 | Others | ₹3 Lakh | Open | |
| 02 Aug 2017 | 100141810 | Others | ₹3.45 Cr | Open | |
| 31 Jan 2014 | 10486688 | Deutsche Bank Ag | ₹65 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
I Horse Technologies Private Limited has 16 court cases on record: 1 filed by I Horse Technologies, 15 filed against it. All cases are disposed.
Total cases
16
Filed by the company
1
Filed against the company
15
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S. Bajaj Finance Ltd Rep by Its Authorized Signatory S. Saravanabhavan | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Aditya Birla Finance Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by Kotak Mahindra Bank Limited Rep by Its Authorized Signatory | Disposed |
| District court, Puducherry | Execution petition | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
To see the full case history of I Horse 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 I Horse Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
I Horse Technologies Private Limited has a workforce of 27 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
28.57%
GST
I Horse Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 34AABCI7263F1ZP | Puducherry | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of I Horse Technologies Private Limited, buy the company report.
Recent activity
I Horse Technologies Private Limited has 3 board changes on record since 2007: 3 appointments. The latest: Kaundeya Sivananthan was appointed as Director on 26 Jun 2007.
AGM
I Horse Technologies Private Limited last Annual general meeting of members was held on 16 Sep 2022 as per latest MCA records.
Filing
I Horse Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Pondicherry.
Charges
A charge with Others amounted to Rs. 3.00 Lakh with Charge ID 100279730 was registered on 21 Jun 2019.
Charges
A charge with Others amounted to Rs. 345.00 Lakh with Charge ID 100141810 was registered on 02 Aug 2017.
Charges
A charge with Deutsche Bank Ag amounted to Rs. 65.00 Lakh with Charge ID 10486688 was registered on 31 Jan 2014.
Appointed
Kaundeya Sivananthan was appointed as Director.
Appointed
Saravanan was appointed as Director.
Appointed
Thirukkumaran Sivananthan was appointed as Director.
Incorporation
26 Jun 2007
I Horse Technologies Private Limited was registered on 26 Jun 2007 with Roc Pondicherry & aged 19 years 4 months as per MCA records.
Frequently asked questions
I Horse Technologies is an active private limited company based in Shanmugapuram, Puducherry, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 26 June 2007 (19+ years old) and is registered under CIN U72900PY2007PTC002068.
I Horse Technologies has 3 current directors:
- Thirukkumaran Sivananthan - Director
- Kaundeya Sivananthan - Director
- Saravanan - Director
The latest financial statements of I Horse Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 16 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of I Horse Technologies is 34AABCI7263F1ZP, registered in Puducherry.
The CIN (Corporate Identification Number) of I Horse Technologies is U72900PY2007PTC002068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I Horse Technologies has 16 court cases on record: 1 filed by the company and 15 filed against it. Most are in the district courts.
I Horse Technologies was incorporated on 26 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pondicherry.
Kaundeya Sivananthan was appointed as Director on 26 Jun 2007. Saravanan was appointed as Director on 26 Jun 2007. Thirukkumaran Sivananthan was appointed as Director on 26 Jun 2007.
Yes, I Horse Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-PY-03-0001513).
I Horse Technologies can be reached through the website ihorsetech.com. Its registered office is in Shanmugapuram, Puducherry, India.