Kites Business Services Private Limited
About Kites Business Services Private Limited
Data last updated:
Kites Business Services Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kankei Relationship Marketing Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the taxation and compliance segment of the professional services sector. It was incorporated on 16 February 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2000PTC124272. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹23 Lakh. It was led by directors including John Corda and Ajay Miglani.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at B – 301 Dipti Classic32/34 Suren Road Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2017, the company reported a revenue of ₹19.85 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net profit of ₹2.22 Lakh (net margin 11.2%) and EBITDA of ₹2.84 Lakh (EBITDA margin 14.3%).
Company details
Contact details
Kites Business Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressB – 301 Dipti Classic32/34 Suren Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryProfessional Services, Taxation, Accounting, Book Keeping
To see the full contact details of Kites Business Services 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 Kites Business Services is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Kites Business Services Private Limited, buy the company report.
Financials of Kites Business Services Private Limited
FY 2017 filings availableKites Business Services Private Limited reported revenue of ₹19.85 Lakh (down 58% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year. EBITDA fell 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹19.85 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.84 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.22 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 14.3% | ||
| Net Profit Margin | 11.2% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Kites Business Services Private Limited, buy the company report.
Board of directors of Kites Business Services Private Limited
Kites Business Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| John Corda Also directs: Super8 Commerce LLP, Tiger Pug Commerce Private Limited | Director | 17 Dec 2015 | 10 Years 10 Months | As last reported |
| Ajay Miglani | Director | 14 Apr 2000 | 26 Years 6 Months | As last reported |
| Raghunath Tukaram Bile Also directs: Net Cherries Retail LLP, Tiger Pug Commerce Private Limited, Radii Rewards Private Limited and 1 more | Director | 12 Mar 2009 | 17 Years 7 Months | As last reported |
Peer comparison
Kites Business Services Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Services industry (Professional Services), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kites Business Services Private Limitedthis company | ₹19.85 Lakh (FY 2017) | ₹2.22 Lakh | 11.2% | -58.0% | Mumbai, Maharashtra, India | |
| Bizztricks Management Consulting Private Limited | ₹19.84 Lakh (FY 2024) | 5.0% | Bangalore, Karnataka, India | |||
| Taxwizers Consultant Private Limited | ₹19.84 Lakh (FY 2024) | 0.0% | Delhi, India | |||
| R R Edu-Serve Solutions Private Limited | ₹19.83 Lakh (FY 2025) | 97.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Kites Business Services Private Limited, buy the company report.
Auditor
Kites Business Services Private Limited is audited by LATHI&CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LATHI&CO. | FY 2017 | 114697W |
Shareholding
The shareholding of Kites Business Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kites Business Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Kites Business Services 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 Kites Business Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kites Business Services 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 Kites Business Services Private Limited, buy the company report.
Recent activity
Kites Business Services Private Limited has 8 board changes on record since 2000: 3 appointments and 5 cessations. The latest: John Corda ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
Kites Business Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Kites Business Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in taxation, within the professional services industry. It was incorporated on 16 February 2000 and is registered under CIN U72900MH2000PTC124272. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Kites Business Services was incorporated on 16 February 2000. It is registered with the Registrar of Companies, Mumbai.
Kites Business Services had 3 directors:
- John Corda - Director
- Ajay Miglani - Director
- Raghunath Tukaram Bile - Director
The CIN (Corporate Identification Number) of Kites Business Services is U72900MH2000PTC124272. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kites Business Services is at B – 301 Dipti Classic3234 Suren Road Andheri East, Mumbai, Maharashtra, India – 400093.
The latest financial statements of Kites Business Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Kites Business Services has 1 GST registration on record and it is cancelled or inactive.
Kites Business Services operated in the professional services industry, in the taxation segment.
The peers of Kites Business Services by revenue are Bizztricks Management Consulting Private Limited, Taxwizers Consultant Private Limited, R R Edu-Serve Solutions Private Limited, all in the Consumer Services industry (Professional Services), with the same principal business activity (accounting, book keeping and auditing activities, tax consultancy).
John Corda ceased to be Additional Director on 30 Sep 2016. John Corda was appointed as Director on 17 Dec 2015. Ranjit Narayan Pai ceased to be Director on 17 Dec 2015. Kites Business Services has 8 board changes on record in total.
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