MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0004494
Ikaaz Software Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹65.23 Lakh
▼ 33% YoY
Net loss · FY 2021
₹4.78 Lakh
Net margin -7.3%
EBITDA · FY 2021
-₹4.74 Lakh
EBITDA margin -7.3%
Authorised capital
₹1.8 Lakh
Registered with MCA
Paid-up capital
₹1.2 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Ikaaz Software Private Limited
Data last updated:
Ikaaz Software Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 04 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012PTC064709. Its GSTIN is 29AACCI9841A2ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.8 Lakh and a paid-up capital of ₹1.2 Lakh. It is led by directors Manicavasagam Somasundaram and Radhakrishnan Anandkumar.
Its last annual general meeting (AGM) was held on 03 October 2023, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹65.23 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹4.78 Lakh (net margin -7.3%) and EBITDA of -₹4.74 Lakh (EBITDA margin -7.3%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 58% over five years.
The company is associated with 1 brand: iKaaz. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (1 funding round, 1 acquisition); the latest was in January 2018.
Ikaaz Software Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0004494). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ikaaz.com.
Company details
CIN U72200KA2012PTC064709
Registration Number 064709
Incorporation Date 04 July 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 03 October 2023
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0004494
Recognitions & Rankings of Ikaaz Software
Contact details
Ikaaz Software Private Limited's registered office is in Bangalore, Karnataka. Its website is ikaaz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#14 Bhattarahalli Near Garden City College Evoma Building Old Madras Road K.R. Pu, Ram, Bangalore, Karnataka, India – 560049
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Ikaaz Software Private Limited, buy the company report.
Comprehensive company report
Ikaaz Software 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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Business activity
The main business activity of Ikaaz Software is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Ikaaz Software Private Limited, buy the company report.
Financials of Ikaaz Software Private Limited
FY 2021 filings availableIkaaz Software Private Limited reported revenue of ₹65.23 Lakh (down 33% YoY) for FY 2021.
Revenue · FY 2021
₹65.23 Lakh ▼ 33%
Net loss · FY 2021
₹4.78 Lakh margin -7.3%
EBITDA · FY 2021
-₹4.74 Lakh margin -7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 69%
5 years · compounded
▼ 58%
EBITDA CAGR growth
1 year
▲ 90%
3 years · compounded
▼ 26%
5 years · compounded
▲ 57%
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 33% fall in the latest year. EBITDA rose 90% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.3% | ||||
| Net Profit Margin | -7.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ikaaz Software Private Limited, buy the company report.
Board of directors of Ikaaz Software Private Limited
Ikaaz Software has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manicavasagam Somasundaram Also directs: Coyna Software Private Limited | Director | 04 Jul 2012 | 14 Years 4 Months | Current |
| Radhakrishnan Anandkumar Also directs: Coyna Software Private Limited | Director | 20 Jun 2019 | 7 Years 4 Months | Current |
Shareholding
The shareholding of Ikaaz Software Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ikaaz Software Private Limited, buy the company report.
Deals & funding
Ikaaz Software Private Limited has 2 deals on record (1 funding round, 1 acquisition); the latest was in January 2018.
Total deals
2
Funding round
1
Acquisition
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Acquisition | Undisclosed | Buyer: GrabTaxi Pte Ltd. Seller: an individual |
| Jan 2014 | Funding round | Undisclosed | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ikaaz Software Private Limited has 4 court cases on record: 2 filed by Ikaaz Software, 2 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| High courts | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by Valuefirst Digital Media Pvt Ltd | Disposed |
| High Court | Writ petition | Filed by the company against M/S Grab Grecco LLP and 1 other | Pending |
| NCLT, Bengaluru | Company petition | Filed against the company by individuals | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against M/S Grab Grecco LLP and 1 other | Disposed |
To see the full case history of Ikaaz Software 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 Ikaaz Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ikaaz Software has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI9841A2ZK | Karnataka | Active | 16 Dec 2017 |
To see the full GST registrations and return filing status of Ikaaz Software Private Limited, buy the company report.
Recent activity
Ikaaz Software Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Kowmodhakidhar Muralidhar Chengi ceased to be Director on 25 Jun 2019.
AGM
Ikaaz Software Private Limited last Annual general meeting of members was held on 03 Oct 2023 as per latest MCA records.
Filing
Ikaaz Software Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Ceased
Kowmodhakidhar Muralidhar Chengi ceased to be Director.
Appointed
Radhakrishnan Anandkumar was appointed as Director.
Ceased
Ananda Rukmayya Kallugadde ceased to be Director.
Ceased
Mukesh Agrawal ceased to be Additional Director.
Ceased
Vasuki Belur Raghavendrarao ceased to be Additional Director.
Ceased
Manickavasagam Santhana Arun ceased to be Director.
Appointed
Manicavasagam Somasundaram was appointed as Director.
Incorporation
04 Jul 2012
Ikaaz Software Private Limited was registered on 04 Jul 2012 with Roc Bangalore & aged 14 years 4 months as per MCA records.
Frequently asked questions
Ikaaz Software is an active private limited company based in Bangalore, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 04 July 2012 (14+ years old) and is registered under CIN U72200KA2012PTC064709.
Ikaaz Software has 2 current directors:
- Manicavasagam Somasundaram - Director
- Radhakrishnan Anandkumar - Director
The latest financial statements of Ikaaz Software on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 03 October 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ikaaz Software is 29AACCI9841A2ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ikaaz Software is U72200KA2012PTC064709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ikaaz Software has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Ikaaz Software was incorporated on 04 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Ikaaz Software has 2 deals on record (1 funding round, 1 acquisition); the latest was in January 2018.
Kowmodhakidhar Muralidhar Chengi ceased to be Director on 25 Jun 2019. Radhakrishnan Anandkumar was appointed as Director on 20 Jun 2019. Ananda Rukmayya Kallugadde ceased to be Director on 14 Feb 2019. Ikaaz Software has 7 board changes on record in total.
Yes, Ikaaz Software is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0004494).
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