About July Systems and Technologies Private Limited
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July Systems and Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of July Systems Llc. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 July 2001.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64202KA2001PTC029320. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹71.84 Lakh. It was formerly known as Bcubed Technologies Private Limited. It is led by directors Srihari Varanasi and Navneet Hrishikesan.
Its last annual general meeting (AGM) was held on 09 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Prestige Solitaire Level – II No.6 Brunton Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2022, the company reported a revenue of ₹90.7 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹45.9 Lakh (net margin 50.6%) and EBITDA of ₹61.88 Lakh (EBITDA margin 68.2%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 50% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: July Systems. The company has 3 deals on record (3 secondary share transfers); the latest was in July 2018.
The last known website on record is julysystems.com.
Company details
Contact details
July Systems and Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is julysystems.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPrestige Solitaire Level – II No.6 Brunton Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of July Systems and Technologies 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
Brands
July Systems and Technologies operates one associated brand: July Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile proximity marketing & app development platform | julysystems.com |
Business activity
The main business activity of July Systems and Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
Financials of July Systems and Technologies Private Limited
FY 2022 filings availableJuly Systems and Technologies Private Limited reported revenue of ₹90.7 Lakh (down 18% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 18% fall in the latest year. EBITDA rose 440% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Revenue | ₹90.7 Lakh | ||||
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| EBITDA | ₹61.88 Lakh | ||||
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| Net Profit (PAT) | ₹45.9 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 68.2% | ||||
| Net Profit Margin | 50.6% | ||||
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To see the full financial statements and ratios of July Systems and Technologies Private Limited, buy the company report.
Board of directors of July Systems and Technologies Private Limited
July Systems and Technologies 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 |
|---|---|---|---|---|
| Srihari Varanasi Also directs: Cisco Commerce India Private Limited | Director | 10 Feb 2022 | 4 Years 8 Months | As last reported |
| Navneet Hrishikesan | Director | 10 Jun 2019 | 7 Years 4 Months | As last reported |
Auditor
July Systems and Technologies Private Limited is audited by K RAGHU & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K RAGHU & CO | FY 2021 | 011530S |
Shareholding
The shareholding of July Systems and Technologies 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of July Systems and Technologies Private Limited, buy the company report.
Deals & funding
July Systems and Technologies Private Limited has 3 deals on record (3 secondary share transfers); the latest was in July 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Cisco Systems (India) Private Limited Seller: 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: July Systems Inc Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving July Systems and Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for July Systems and Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
July Systems and Technologies Private Limited has a workforce of 89 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
July Systems and Technologies 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 July Systems and Technologies Private Limited, buy the company report.
Recent activity
July Systems and Technologies Private Limited has 11 board changes on record since 2013: 2 appointments and 9 cessations. The latest: Srihari Varanasi ceased to be Additional Director on 09 Sep 2022.
2 earlier events are in the company report.
Frequently asked questions
July Systems and Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
July Systems and Technologies is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 July 2001 and is registered under CIN U64202KA2001PTC029320. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
July Systems and Technologies has 2 current directors:
- Srihari Varanasi - Director
- Navneet Hrishikesan - Director
The latest financial statements of July Systems and Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 09 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of July Systems and Technologies is U64202KA2001PTC029320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
July Systems and Technologies was incorporated on 26 July 2001. It is registered with the Registrar of Companies, Bangalore.
July Systems and Technologies has 3 deals on record (3 secondary share transfers); the latest was in July 2018.
Srihari Varanasi ceased to be Additional Director on 09 Sep 2022. Srihari Varanasi was appointed as Director on 10 Feb 2022. Vijayanush Narasimhan ceased to be Additional Director on 27 Sep 2021. July Systems and Technologies has 11 board changes on record in total.
July Systems and Technologies can be reached through the website julysystems.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of July Systems and Technologies is at Prestige Solitaire Level – II No.6 Brunton Road, Bangalore, Karnataka, India – 560001.