About Ignis Technology Solutions Private Limited
Data last updated:
Ignis Technology Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2005PTC051799. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Regency Solutions Private Limited. It is led by directors Hara Prasad Mohapatra and Nihar Ranjan Samantara.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.04 Sri Kiran Comforts No.10 30th Main Banashankari 3rd Stage, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2022, the company reported a revenue of ₹15,583, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹82,795 and EBITDA of -₹20,711 (EBITDA margin -132.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 46% over five years.
The company is associated with 1 brand: Ignis Technology Solutions. As per MCA filings, the company has open charges of ₹30 Cr on record. Court records list 14 cases involving the company, including 7 filed by the company and 4 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ignistech.com.
CIN History of Ignis Technology Solutions Private Limited
Ignis Technology Solutions has one previous CIN (Corporate Identification Number): U72300PY2005PTC001834. The current CIN is U72300KA2005PTC051799, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300KA2005PTC051799 | Current |
| U72300PY2005PTC001834 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.04 Sri Kiran Comforts No.10 30th Main Banashankari 3rd Stage, Bangalore, Karnataka, India – 560085
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Ignis Technology Solutions Private Limited
Ignis Technology Solutions operates one associated brand: Ignis Technology Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides technology consulting and implementation services to businesses. | ignistech.com |
Financials of Ignis Technology Solutions Private Limited FY 2022 filings available
Ignis Technology Solutions Private Limited reported revenue of ₹15,583 (down 93% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Ignis Technology Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 93% fall in the latest year. EBITDA rose 100% 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 of Ignis Technology Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹15,583 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹20,711 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹82,795 | •••• | •••• | •••• | •••• |
| 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 of Ignis Technology Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -132.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ignis Technology Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ignis Technology Solutions Private Limited
Ignis Technology Solutions has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hara Prasad Mohapatra Also directs: Biswadhar Agritech & Realtors Private Limited | Director | 28 Oct 2010 | 15 Years 11 Months | Current |
| Nihar Ranjan Samantara | Director | 29 Apr 2008 | 18 Years 5 Months | Current |
Auditor Details of Ignis Technology Solutions Private Limited
Ignis Technology Solutions Private Limited is audited by S SARRAF & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S SARRAF & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ignis Technology Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ignis Technology Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2010 | United Bank of India | ₹30 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Ignis Technology Solutions Private Limited
Ignis Technology Solutions Private Limited has 14 court cases on record: 7 filed by Ignis Technology Solutions, 4 filed against it, 3 where it is another party. 4 cases are pending and 10 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 3 |
| District courts | 5 | 3 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Union Bank of India Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against United India Bank Limited | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against 360 Healh Vectors Pvt Ltd | Pending |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ignis Technology Solutions Private Limited
Ignis Technology Solutions Private Limited has a workforce of 0 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ignis Technology Solutions Private Limited
Ignis Technology Solutions Private Limited has 11 board changes on record since 2007: 2 appointments and 9 cessations. The latest: Shiba Prasad Mishra ceased to be Director on 27 Jul 2015.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ignis Technology Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ignis Technology Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ignis Technology Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ignis Technology Solutions Private Limited
Ignis Technology Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ignis Technology Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Ignis Technology Solutions Private Limited
Frequently Asked Questions about Ignis Technology Solutions Private Limited
Ignis Technology Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 January 2005 (21+ years old) and is registered under CIN U72300KA2005PTC051799.
Ignis Technology Solutions reported revenue of ₹15,583 for FY 2022 (down 93% YoY).
Ignis Technology Solutions has 2 current directors:
- Hara Prasad Mohapatra - Director
- Nihar Ranjan Samantara - Director
Ignis Technology Solutions reported a net loss of ₹82,795 and EBITDA of -₹20,711 (EBITDA margin -132.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ignis Technology Solutions is -23% over three years and -46% over five years. In the latest year (FY 2022) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
No. Ignis Technology Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ignis Technology Solutions is U72300KA2005PTC051799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ignis Technology Solutions has 14 court cases on record: 7 filed by the company and 4 filed against it. 4 are pending. Most are in the high courts.
Ignis Technology Solutions was incorporated on 20 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Shiba Prasad Mishra ceased to be Director on 27 Jul 2015. Padmanabha Raju Indukuri ceased to be Director on 04 Mar 2011. Vishnukumar Raju Penmetsa ceased to be Director on 04 Mar 2011. Ignis Technology Solutions has 11 board changes on record in total.