Itsource Technologies Limited - Company Profile

It is a information technology public limited company based in Mumbai, Maharashtra, India, established in 1998.
1998 Mumbai, Maharashtra, India Under Cirp
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About Itsource Technologies Limited

Itsource Technologies Limited, a under cirp public limited company, was established on 20 March 1998 in Mumbai, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U72900MH1998PLC114091. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹7.46 Cr.

Formerly known as Itsourceindia Tech Limited, Bee's Computer System Private Limited. It upholds a compliant status. Its leadership includes Kailash Thanmal Shah (Irp/Rp/Liquidator), Bhushan Krishana Rade (Additional Director), Pradeep Eknath Bhangale (Managing Director). Past directors included Manish Bhanupratap Singh, Dinesh Sadasivan Nair, Ravishankar Gopalan. It holds ₹32.43 Cr open charges and ₹5.40 Cr settled loans. Its latest AGM occurred on 30 September 2022, with the balance sheet filed on 31 March 2022. It is based at Unit 403, 4Th Floor, Skyline Icon, Chimatpada Marol, Andheri - Kurla Road India, Mumbai, Maharashtra, 400059.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U72900MH1998PLC114091

  • Registration Number

    114091

  • Incorporation Date

    20 March 1998

  • Authorized Capital

    ₹15.00 Cr

  • Paid-Up Capital

    ₹7.46 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Under Cirp

Key Metrics
  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 7.46 Cr
  • Company Age 27 Year, 11 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 32.43 Cr
  • Satisfied Charges ₹ 5.40 Cr
  • Revenue Growth **** -10.17%
  • Profit Growth **** 14.13%
  • Ebitda **** -3.68%
  • Net Worth 4.46%
  • Total Assets -0.51%
Company report

Itsource Technologies Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Itsource Technologies Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Itsource Technologies Limited?
Current Directors
Name Designation Appointment Date Status
Kailash Thanmal Shah Irp/Rp/Liquidator 26 Sep 2024 Current
Bhushan Krishana Rade Additional Director 05 Mar 2024 Current
Pradeep Eknath Bhangale Managing Director 28 Mar 1998 Current
Prachi Pradeep Bhangale Whole-Time Director 28 Mar 1998 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Key Managerial Personnel - Past
Pramod Abcsdd Director 19 Jul 2010 Past
Pramod Abcsdd Director 20 Feb 2018 Past
Pramod Abcsdd Director 27 Feb 2017 Past
Pramod Abcsdd Director 19 Jul 2010 Past
Pramod Abcsdd Director 27 Feb 2017 Past

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Financial Performance of Itsource Technologies.

Itsource Technologies Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 10.17% decrease. The company also saw a substantial improvement in profitability, with a 14.13% increase in profit. The company's net worth moved up by a moderate rise of 4.46%.

Itsource Technologies revenue growth over time
Itsource Technologies profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -10.17%
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*******
*******
Revenue from Operations
*******
 -9.96%
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*******
*******
*******
Total Assets
*******
 -0.51%
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*******
*******
*******
Profit or Loss
*******
 14.13%
*******
*******
*******
*******
Net Worth
*******
 4.46%
*******
*******
*******
*******
EBITDA
*******
 -3.68%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Itsource Technologies?

In 2022, Itsource Technologies had a promoter holding of 53.62% and a public holding of 46.38%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹324,312,176.00

Satisfied Charges

₹54,000,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 13.16 Cr
  • Yes Bank Limited : 12.15 Cr
  • Others : 7.00 Cr
  • The Samastha Nagar Co Op Bank Ltd : 0.12 Cr
Latest Charge Details
Date Lender Amount Status
11 Aug 2023 Yes Bank Limited ₹12.15 Cr Open
29 Jun 2011 Others ₹7.00 Cr Open
01 Feb 2010 Hdfc Bank Limited ₹13.16 Cr Open
16 Feb 2001 The Samastha Nagar Co Op Bank Ltd ₹1.22 M Open
27 Sep 2011 S. E. Investments Limited ₹1.40 Cr Satisfied

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How Many Employees Work at Itsource Technologies?

Unlock and access historical data on people associated with Itsource Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Itsource Technologies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Itsource Technologies's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Itsource Technologies
Recent Activity within the Organization
  • Director Appointment

    Progress on Kailash Thanmal Shah was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 26 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.

  • Director Appointment

    Bhushan Krishana Rade was appointed as a Additional Director was appointed as a Additional Director on 05 Mar 2024 & has been associated with this company since 1 year 11 months . was recorded as a recent event.

  • Charges

    Progress on A charge with Yes Bank Limited of Rs. 12.15 Cr registered on 11 Aug 2023 with Charge ID 100773755 was modified on 21 Oct 2023. was documented.

  • Charges

    Progress on A charge with Yes Bank Limited amounted to Rs. 12.15 Cr with Charge ID 100773755 was registered on 11 Aug 2023. was documented.

  • Annual General Meeting

    Itsource Technologies Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records. was recorded as a recent event.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 13.16 Cr registered on 01 Feb 2010 with Charge ID 10202393 was modified on 20 Jun 2022. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Itsource Technologies Limited?

The CIN of Itsource Technologies Limited is U72900MH1998PLC114091.

Where is Itsource Technologies Limited headquartered?

Itsource Technologies Limited is headquartered at Unit 403, 4Th Floor, Skyline Icon, Chimatpada Marol, Andheri - Kurla Road India, Mumbai, Maharashtra, 400059.

When was Itsource Technologies Limited incorporated?

Itsource Technologies Limited was incorporated on 20 March 1998.

Who are the current directors of Itsource Technologies Limited?

The current directors of Itsource Technologies Limited are

What is the primary industry of Itsource Technologies Limited?

The primary industry of Itsource Technologies Limited is Information And Communication.

Is Itsource Technologies Limited a listed company?

Itsource Technologies Limited is unlisted.

What is the capital structure of Itsource Technologies Limited?

The authorized capital of Itsource Technologies Limited is ₹15.00 Cr, and the paid-up capital is ₹7.46 Cr.

What is the compliance status of Itsource Technologies Limited?

The compliance status of Itsource Technologies Limited is Compliant.

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