MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-KR-03-0004137
Merit Systems Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹77.73 Lakh
▲ 69% YoY
Net profit · FY 2019
₹2.82 Lakh
Net margin 3.6%
EBITDA · FY 2019
₹8.22 Lakh
EBITDA margin 10.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.68 Cr
Issued & subscribed
Company age
31 yrs
Est. 1995
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Merit Systems Private Limited
Data last updated:
Merit Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA1995PTC017720. Its GSTIN is 29AABCM9428J1Z0 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.68 Cr. It is led by directors including Kekkar Bhat Ramachandra Sripad (Managing Director) and Kanchana Karki.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at #166 18th Cross Mrcr Extension Vijayanagar, Bangalore, Karnataka, India – 560040.
As per the financials filed for FY 2019, the company reported a revenue of ₹77.73 Lakh, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹2.82 Lakh (net margin 3.6%) and EBITDA of ₹8.22 Lakh (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 4% over five years.
Its group structure includes 1 subsidiary.
Merit Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0004137). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meritsystems.com.
Company details
CIN U72100KA1995PTC017720
Registration Number 017720
Incorporation Date 01 May 1995
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0004137
Key People
Kekkar Bhat Ramachandra Sripad Managing Director Kanchana Karki Director Lakshmi Gopal Rao Director Recognitions & Rankings of Merit Systems
Contact details
Merit Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is meritsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#166 18th Cross Mrcr Extension Vijayanagar, Bangalore, Karnataka, India – 560040
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Merit Systems Private Limited, buy the company report.
Comprehensive company report
Merit Systems Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Merit Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Merit Systems Private Limited, buy the company report.
Financials of Merit Systems Private Limited
FY 2019 filings availableMerit Systems Private Limited reported revenue of ₹77.73 Lakh (up 69% YoY) for FY 2019.
Revenue · FY 2019
₹77.73 Lakh ▲ 69%
Net profit · FY 2019
₹2.82 Lakh margin 3.6%
EBITDA · FY 2019
₹8.22 Lakh margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 11%
5 years · compounded
▲ 4%
EBITDA CAGR growth
3 years · compounded
▼ 18%
5 years · compounded
▼ 12%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 69% growth 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹77.73 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.82 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Merit Systems Private Limited, buy the company report.
Board of directors of Merit Systems Private Limited
Merit Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kekkar Bhat Ramachandra Sripad | Managing Director | 01 May 1995 | 31 Years 6 Months | Current |
| Kanchana Karki | Director | 01 May 1995 | 31 Years 6 Months | Current |
| Lakshmi Gopal Rao | Director | 01 May 1995 | 31 Years 6 Months | Current |
Shareholding
The shareholding of Merit Systems Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Merit Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Merit Systems 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 Merit Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Merit Systems has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Criticaltouch Infotech Services Private Limited | U72900KA2004PTC045340 |
To see the full group structure of Merit Systems Private Limited, buy the company report.
GST
Merit Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM9428J1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merit Systems Private Limited, buy the company report.
Recent activity
Merit Systems Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Kekkar Bhat Ramachandra Sripad ceased to be Director on 31 Dec 2012.
AGM
Merit Systems Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Merit Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore.
Ceased
Kekkar Bhat Ramachandra Sripad ceased to be Director.
Ceased
Gopalrao Sitarama Bangalore ceased to be Managing Director.
Appointed
Kanchana Karki was appointed as Director.
Appointed
Kekkar Bhat Ramachandra Sripad was appointed as Managing Director.
Appointed
Lakshmi Gopal Rao was appointed as Director.
Incorporation
01 May 1995
Merit Systems Private Limited was registered on 01 May 1995 with Roc Bangalore & aged 31 years 6 months as per MCA records.
Frequently asked questions
Merit Systems is an active 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 01 May 1995 (31+ years old) and is registered under CIN U72100KA1995PTC017720.
Merit Systems has 3 current directors:
- Kekkar Bhat Ramachandra Sripad - Managing Director
- Kanchana Karki - Director
- Lakshmi Gopal Rao - Director
The latest financial statements of Merit Systems on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Merit Systems is 29AABCM9428J1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Merit Systems is U72100KA1995PTC017720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Systems was incorporated on 01 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Kekkar Bhat Ramachandra Sripad ceased to be Director on 31 Dec 2012. Gopalrao Sitarama Bangalore ceased to be Managing Director on 24 Dec 2012. Kanchana Karki was appointed as Director on 01 May 1995. Merit Systems has 5 board changes on record in total.
Yes, Merit Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0004137).
Merit Systems can be reached through the website meritsystems.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Merit Systems is at #166 18th Cross Mrcr Extension Vijayanagar, Bangalore, Karnataka, India – 560040.
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