About Ipass India Private Limited
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Ipass India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Goremote International Corporation Usa. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 21 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2000PTC028330. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.2 Cr. It was formerly known as Goremote Software India Private Limited. It is led by directors Bhaskar Ramaiah and Venkatesh Vitalapur.
Its last annual general meeting (AGM) was held on 29 September 2018, 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 2018, the company reported a revenue of ₹23.48 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹2.16 Cr (net margin 9.2%) and EBITDA of ₹3.36 Cr (EBITDA margin 14.3%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 21 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iPass. As per MCA filings, the company has open charges of ₹3.35 Lakh on record. Court records list 5 cases involving the company, including 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ipass.com.
Company details
Contact details
Ipass India Private Limited's registered office is in Bangalore, Karnataka. Its website is ipass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAl Lateef Tower Level 2 Municipal No 2 Union Street Off Infantry Road Ward No, 78, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Ipass India 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 Ipass India 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 Ipass India Private Limited, buy the company report.
Financials of Ipass India Private Limited
FY 2021 filings availableIpass India Private Limited reported revenue of ₹23.48 Cr (up 7% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 3% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹23.48 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
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| Total Expenses | ||||
| EBITDA | ₹3.36 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.16 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.3% | |||
| Net Profit Margin | 9.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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To see the full financial statements and ratios of Ipass India Private Limited, buy the company report.
Board of directors of Ipass India Private Limited
Ipass India has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskar Ramaiah | Director | 22 Oct 2019 | 7 Years 0 Months | Current |
| Venkatesh Vitalapur | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Ipass India Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Software Services), with 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 |
|---|---|---|---|---|---|---|
| Techexcel Software Solutions Private Limited | ₹23.71 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| Ipass India Private Limitedthis company | ₹23.48 Cr (FY 2018) | ₹2.16 Cr | 9.2% | 7.0% | 21 | Bangalore, Karnataka, India |
| Iic Software Services (India) Private Limited | ₹23.36 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Sailotech Private Limited | ₹23.33 Cr (FY 2025) | 17.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ipass India Private Limited, buy the company report.
Auditor
Ipass India Private Limited is audited by S.R.Batliboi & Associates LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Associates LLP | FY 2018 | 101049W/E300004 |
Shareholding
The shareholding of Ipass India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ipass India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2017 | 100096948 | Others | ₹3.35 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Ipass India Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax, | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR Commissioner of Income Tax , Cit(A) | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR Commissioner of Income Tax | Disposed |
To see the full case history of Ipass India 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 Ipass India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ipass India Private Limited has a workforce of 21 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ipass India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ipass India Private Limited, buy the company report.
Recent activity
Ipass India Private Limited has 15 board changes on record since 2007: 2 appointments and 13 cessations. The latest: Venkatesh Vitalapur ceased to be Director on 15 Sep 2021.
7 earlier events are in the company report.
News
Frequently asked questions
Ipass India is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 21 December 2000 (26+ years old) and is registered under CIN U72200KA2000PTC028330.
Ipass India has 2 current directors:
- Bhaskar Ramaiah - Director
- Venkatesh Vitalapur - Director
The latest financial statements of Ipass India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Ipass India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ipass India is U72200KA2000PTC028330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipass India has 5 court cases on record: 5 filed against it.
Ipass India was incorporated on 21 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ipass India by revenue are Techexcel Software Solutions Private Limited, Iic Software Services (India) Private Limited, Sailotech Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Venkatesh Vitalapur ceased to be Director on 15 Sep 2021. Bhaskar Ramaiah ceased to be Additional Director on 25 Sep 2020. Bhaskar Ramaiah was appointed as Director on 22 Oct 2019. Ipass India has 15 board changes on record in total.
Ipass India can be reached through the website ipass.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Ipass India is at Al Lateef Tower Level 2 Municipal No 2 Union Street Off Infantry Road Ward No, 78, Bangalore, Karnataka, India – 560001.