About Itsource Technologies Limited
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Itsource Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 20 March 1998, the company has been in operation for over 28 years.
Registered with ROC Mumbai under CIN U72900MH1998PLC114091.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.46 Cr. Formerly known as Itsourceindia Tech Limited and Bee'S Computer System Private Limited. It is led by directors including Kailash Thanmal Shah and Bhushan Krishana Rade.
Last AGM: 30 September 2022. Financial statements filed for year ended 31 March 2022. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹57.23 Cr, a decline of 10% compared to the previous year.
The company is associated with 1 brand - Intellics Global Services. As per MCA filings, the company has open charges of ₹32.43 Cr and satisfied charges of ₹5.4 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is itsourcetechnologies.co.in.
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- Registered AddressUnit 403 4Th Floor Skyline Icon Chimatpada Marol, Andheri – Kurla Road India, Mumbai, Maharashtra, India – 400059
- IndustryInformation Technology, IT Consulting & Support Services, IT Infrastructure Management & Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Itsource Technologies
Itsource Technologies has undergone 4 name changes throughout its history. The current legal name is Itsource Technologies Limited.
| Company Name | Status |
|---|---|
| Itsource Technologies Limited | Current |
| Itsourceindia Tech Limited | Previous |
| Bee's Computer System Private Limited | Previous |
| Itsourceindia Tech Limited | Previous |
| Itsourceindia Tech Private Limited | Previous |
CIN History of Itsource Technologies
Itsource Technologies has one previous CIN (Corporate Identification Number): U72900MH1998PTC114091. The current CIN is U72900MH1998PLC114091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH1998PLC114091 | Current |
| U72900MH1998PTC114091 | Previous |
Associated Brands with Itsource Technologies
Itsource Technologies operates one associated brand: Intellics Global Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive digital transformation services to enhance business operations. | itsourceindia.com |
Competitors & Alternatives of Itsource Technologies
Brands and companies operating in the same space as Itsource Technologies Limited include Booz Allen Hamilton, Genpact, Persistent and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Booz Allen Hamilton | Analytics, cybersecurity, and digital transformation services are provided. | Mclean, United States, United States | 1914 |
 Genpact | Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
 Persistent | IT consulting, data analytics, and digital transformation services are provided. | Pune, India, India | 1990 |
 NTT DATA | Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
 ICF | IT suite and market research services are provided worldwide. | United States | 1969 |
 Endava | Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom, United Kingdom | 2000 |
 Sutherland | Business process and technology management services are provided globally. | Pittsford, United States, United States | 1986 |
 Globant | IT and digital transformation services are delivered to various industries. | Buenos Aires, Argentina, Argentina | 2003 |
 Capgemini | Cloud management, business consulting, and IT outsourcing services are provided. | Paris, France, France | 1967 |
 UST | High-quality office furniture is provided by UST for various needs. | Taiwan | 1998 |
Business Activity of Itsource Technologies
The main business activity of Itsource Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Itsource Technologies Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Itsource Technologies
Auditor information for Itsource Technologies Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Itsource Technologies Limited
Itsource Technologies has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Thanmal Shah Also directs: Shah Kailash & Associates LLP, Vista Solvency LLP | Irp/Rp/Liquidator | 26 Sep 2024 | 2 Years 0 Months | As last reported |
| Bhushan Krishana Rade | Additional Director | 05 Mar 2024 | 2 Years 6 Months | As last reported |
| Pradeep Eknath Bhangale | Managing Director | 28 Mar 1998 | 28 Years 6 Months | As last reported |
| Prachi Pradeep Bhangale | Whole-Time Director | 28 Mar 1998 | 28 Years 6 Months | As last reported |
Financials of Itsource Technologies Limited FY 2022 filings available
Itsource Technologies Limited reported revenue of ₹57.23 Cr (down 10.00% YoY) for FY 2022.
Ten-year financial statements for Itsource Technologies Limited
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.
Ownership and Shareholding of Itsource Technologies
Shareholding and ownership data for Itsource Technologies Limited
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 Itsource Technologies
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Aug 2023 | Yes Bank Limited | ₹12.15 Cr | Open |
| 29 Jun 2011 | Others | ₹7 Cr | Open |
| 01 Feb 2010 | Hdfc Bank Limited | ₹13.16 Cr | Open |
| 16 Feb 2001 | The Samastha Nagar Co Op Bank Ltd | ₹12.18 Lakh | Open |
| 27 Sep 2011 | S. E. Investments Limited | ₹1.4 Cr | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Itsource Technologies
Employment history and EPFO contributions of people linked to Itsource Technologies.
Employee and EPFO history for Itsource Technologies Limited
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.
GST Compliance of Itsource Technologies
GST registrations and filing compliance for Itsource Technologies Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Itsource Technologies
Credit ratings, litigation, and regulatory alerts for Itsource Technologies Limited
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 Itsource Technologies
MSME payment history for Itsource Technologies Limited
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 Itsource Technologies
Corporate group structure for Itsource Technologies Limited
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.
MCA Filings & Documents of Itsource Technologies
MCA filings and documents for Itsource Technologies Limited
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.
Recent Activity on Itsource Technologies
Frequently Asked Questions about Itsource Technologies Limited
Itsource Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Itsource Technologies is a company under insolvency, formerly operating as a public limited company in the information technology sector based in Mumbai, Maharashtra, India. It was incorporated on 20 March 1998 and is registered under CIN U72900MH1998PLC114091. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Itsource Technologies reported revenue of ₹57.23 Cr for FY 2022 (down 10.00% YoY).
The current directors of Itsource Technologies are:
- Kailash Thanmal Shah - Irp/Rp/Liquidator
- Bhushan Krishana Rade - Additional Director
- Pradeep Eknath Bhangale - Managing Director
- Prachi Pradeep Bhangale - Whole-Time Director
The CIN (Corporate Identification Number) of Itsource Technologies is U72900MH1998PLC114091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itsource Technologies has open charges of ₹32.43 Cr and satisfied charges of ₹5.4 Cr as per latest MCA filings.