About Nurture Software Solutions Private Limited
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Nurture Software Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 10 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC034670. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subramanyam Sharma and Bandapalli Madhusudhana.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Skyline Vista No. 787 15th Cross 100 Feet Road Phase I Jp Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2018, the company reported a revenue of ₹11.49 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹4.47 Cr (net margin -38.9%) and EBITDA of -₹3.27 Cr (EBITDA margin -28.4%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years.
The company has about 50 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nurture Software Solutions. As per MCA filings, the company has open charges of ₹2.2 Cr on record. Court records list 16 cases involving the company, including 3 filed by the company and 13 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 nurture.co.in.
Company details
Contact details
Nurture Software Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is nurture.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSkyline Vista No. 787 15th Cross 100 Feet Road Phase I Jp Nagar, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Nurture Software Solutions 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
Nurture Software Solutions operates one associated brand: Nurture Software Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers specialized software solutions for the banking industry. | nurture.co.in |
Business activity
The main business activity of Nurture Software Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Nurture Software Solutions Private Limited, buy the company report.
Financials of Nurture Software Solutions Private Limited
FY 2018 filings availableNurture Software Solutions Private Limited reported revenue of ₹11.49 Cr (down 23% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 368% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹11.49 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.27 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.47 Cr | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -28.4% | |||
| Net Profit Margin | -38.9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Nurture Software Solutions Private Limited, buy the company report.
Board of directors of Nurture Software Solutions Private Limited
Nurture Software Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bandapalli Madhusudhana Also directs: Apnamahal Developments Private Limited | Additional Director | 26 Feb 2020 | 6 Years 8 Months | Current |
| Subramanyam Sharma | Director | 13 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Nurture Software Solutions Private Limited is audited by K S & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S & CO | FY 2018 | 004912S |
Shareholding
The shareholding of Nurture Software Solutions Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nurture Software Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2016 | 100032974 | Others | ₹2.2 Cr | Open |
To see the full charge records of Nurture Software Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Nurture Software Solutions Private Limited has 16 court cases on record: 3 filed by Nurture Software Solutions, 13 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 13 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Tata Tele Services Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Tata Tele Services Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Maveric Systems Ltd. and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Nurture Software Solutions 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 Nurture Software Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nurture Software Solutions Private Limited has a workforce of 50 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Nurture Software Solutions 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 Nurture Software Solutions Private Limited, buy the company report.
Recent activity
Nurture Software Solutions Private Limited has 8 board changes on record since 2004: 5 appointments and 3 cessations. The latest: Kootgal Varadaiah Rashmi ceased to be Additional Director on 27 Feb 2020.
1 earlier event is in the company report.
Frequently asked questions
Nurture Software Solutions 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 10 September 2004 (22+ years old) and is registered under CIN U72200KA2004PTC034670.
Nurture Software Solutions has 2 current directors:
- Bandapalli Madhusudhana - Additional Director
- Subramanyam Sharma - Director
The latest financial statements of Nurture Software Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Nurture Software Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nurture Software Solutions is U72200KA2004PTC034670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nurture Software Solutions has 16 court cases on record: 3 filed by the company and 13 filed against it. Most are in the district courts.
Nurture Software Solutions was incorporated on 10 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Kootgal Varadaiah Rashmi ceased to be Additional Director on 27 Feb 2020. Bandapalli Madhusudhana was appointed as Additional Director on 26 Feb 2020. Monica Koshy ceased to be Director on 14 Jul 2018. Nurture Software Solutions has 8 board changes on record in total.
Nurture Software Solutions can be reached through the website nurture.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nurture Software Solutions is at Skyline Vista No. 787 15th Cross 100 Feet Road Phase I Jp Nagar, Bangalore, Karnataka, India – 560078.
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