About Care IT Solutions Private Limited
Data last updated:
Care IT Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 March 2003.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2003PTC050469.
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.32 Cr. It is led by directors including Subramanian Hariharan (Managing Director) and Ragavachari Shanthi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 481 Anna Salai 2nd Floor Nandanam, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2016, the company reported a revenue of ₹95.51 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.15 Cr (net margin 1.2%) and EBITDA of ₹7.37 Cr (EBITDA margin 7.7%).
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹62.37 Cr and satisfied charges of ₹11.51 Cr on record. Court records list 48 cases involving the company, including 4 filed by the company and 44 filed against it; 8 cases are pending. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015.
The last known website on record is careind.net.
Company details
CIN history
Care IT Solutions has one previous CIN (Corporate Identification Number): U72200TN2003PTC050469. The current CIN is U74110TN2003PTC050469, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2003PTC050469 | Current |
| U72200TN2003PTC050469 | Previous |
Contact details
Care IT Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is careind.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address481 Anna Salai 2nd Floor Nandanam, Chennai, Tamil Nadu, India – 600035
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Care IT 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
Business activity
The main business activity of Care IT Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Care IT Solutions Private Limited, buy the company report.
Financials of Care IT Solutions Private Limited
FY 2016 filings availableCare IT Solutions Private Limited reported revenue of ₹95.51 Cr (up 9% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. EBITDA rose 35% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹95.51 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹7.37 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.15 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.7% | |
| Net Profit Margin | 1.2% | |
| 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 Care IT Solutions Private Limited, buy the company report.
Board of directors of Care IT Solutions Private Limited
Care IT Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagaraj Komala | Director | 01 Sep 2016 | 10 Years 2 Months | As last reported |
| Subramanian Hariharan | Managing Director | 07 Mar 2003 | 23 Years 8 Months | As last reported |
| Ragavachari Shanthi | Whole-Time Director | 16 Nov 2009 | 16 Years 11 Months | As last reported |
Auditor
Care IT Solutions Private Limited is audited by S SWAMINATHAN & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SWAMINATHAN & CO | FY 2016 | 015302S |
Shareholding
The shareholding of Care IT Solutions Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Care IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2016 | 100062862 | Others | ₹2 Cr | Open | |
| 23 Mar 2016 | 100025330 | Others | ₹29 Cr | Open | |
| 03 Oct 2015 | 10624437 | The Federal Bank Ltd | ₹7 Cr | Open | |
| 29 Oct 2014 | 10529945 | Standard Chartered Bank | ₹1.22 Cr | Open | |
| 28 Dec 2011 | 10331742 | Standard Chartered Bank | ₹23.15 Cr | Open |
To see the full charge records of Care IT Solutions Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Care IT Solutions Private Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Mar 2010 | Funding round | ₹1.22 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Care IT Solutions Private Limited has 48 court cases on record: 4 filed by Care IT Solutions, 44 filed against it. 8 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 39 | 7 |
| NCLT | 4 | 2 | 0 |
| High courts | 3 | 3 | 0 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Sogo Synergy Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Neogrowth Credit Pvt Ltd | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Neo Growth Credit Pvt.Ltd. | Pending |
To see the full case history of Care IT 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 Care IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Care IT Solutions Private Limited has a workforce of 2 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Care IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Care IT Solutions Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Nagaraj Komala was appointed as Director on 01 Sep 2016.
19 earlier events are in the company report.
Frequently asked questions
Care IT Solutions 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.
Care IT Solutions is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 March 2003 and is registered under CIN U74110TN2003PTC050469. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Care IT Solutions has 3 current directors:
- Subramanian Hariharan - Managing Director
- Ragavachari Shanthi - Whole-Time Director
- Nagaraj Komala - Director
The latest financial statements of Care IT Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Care IT Solutions is U74110TN2003PTC050469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Care IT Solutions has open charges of ₹62.37 Cr and satisfied charges of ₹11.51 Cr as per latest MCA filings.
Care IT Solutions has 48 court cases on record: 4 filed by the company and 44 filed against it. 8 are pending. Most are in the district courts.
Care IT Solutions was incorporated on 07 March 2003. It is registered with the Registrar of Companies, Chennai.
Care IT Solutions has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹1.22 Cr; the latest was in March 2015.
Nagaraj Komala was appointed as Director on 01 Sep 2016. Annepu Mohanrao ceased to be Director on 16 Nov 2009. Ragavachari Shanthi was appointed as Whole-Time Director on 16 Nov 2009. Care IT Solutions has 5 board changes on record in total.
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