About Elito Solutions and Services India Private Limited
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Elito Solutions and Services India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 06 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC094761. Its GSTIN is 29AAECE3277C1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.95 Lakh. It is led by directors including Laiqur Rahman and Rehana Khatoon.
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 Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.46 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹6.94 Lakh (net margin 4.8%) and EBITDA of ₹11.11 Lakh (EBITDA margin 7.6%).
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 9 cases involving the company, including 9 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elitosolutions.com.
Company details
Contact details
Elito Solutions and Services India Private Limited's registered office is in Bangalore, Karnataka. Its website is elitosolutions.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#301 3rd Floor Smr Vinay Estate Commercial Complex Outer Ring Road Horam, Avu Circle, Bangalore, Karnataka, India – 560043
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Elito Solutions and Services India 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 Elito Solutions and Services India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Elito Solutions and Services India Private Limited, buy the company report.
Financials of Elito Solutions and Services India Private Limited
FY 2019 filings availableElito Solutions and Services India Private Limited reported revenue of ₹1.46 Cr (up 23% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year. EBITDA rose 147% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.46 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹11.11 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹6.94 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.6% | ||
| Net Profit Margin | 4.8% | ||
| 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 Elito Solutions and Services India Private Limited, buy the company report.
Board of directors of Elito Solutions and Services India Private Limited
Elito Solutions and Services India 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 |
|---|---|---|---|---|
| Rehana Khatoon | Additional Director | 24 Jul 2017 | 9 Years 3 Months | Current |
| Farah Zeba Siddiqui | Additional Director | 24 Jul 2017 | 9 Years 3 Months | Current |
| Laiqur Rahman Also directs: Elito Fashion World LLP | Director | 06 Jul 2016 | 10 Years 4 Months | Current |
Auditor
Elito Solutions and Services India Private Limited is audited by JANARDHANA & KRISHNA for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JANARDHANA & KRISHNA | FY 2018 | 015000S |
Shareholding
The shareholding of Elito Solutions and Services India Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Elito Solutions and Services India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2018 | 100229258 | State Bank of India | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Elito Solutions and Services India Private Limited has 9 court cases on record: 9 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Avigna Retail Private Limited | Disposed |
| District court, Mohali, Punjab | Cheque dishonour complaint | Filed against the company by Oswal Woollen Mills Ltd | Disposed |
| High Court, KARNATAKA | Appeal | Filed against the company by an individual | Pending |
To see the full case history of Elito Solutions and Services India 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 Elito Solutions and Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elito Solutions and Services India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE3277C1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elito Solutions and Services India Private Limited, buy the company report.
Recent activity
Elito Solutions and Services India Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Virendrakumar Agrawal ceased to be Additional Director on 08 Sep 2021.
Frequently asked questions
Elito Solutions and Services India is an active private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 06 July 2016 (10+ years old) and is registered under CIN U74999KA2016PTC094761.
Elito Solutions and Services India has 3 current directors:
- Rehana Khatoon - Additional Director
- Farah Zeba Siddiqui - Additional Director
- Laiqur Rahman - Director
The latest financial statements of Elito Solutions and Services India 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 FY 2017 are in the company report.
The GSTIN of Elito Solutions and Services India is 29AAECE3277C1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Elito Solutions and Services India is U74999KA2016PTC094761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elito Solutions and Services India has 9 court cases on record: 9 filed against it. 1 is pending. Most are in the district courts.
Elito Solutions and Services India was incorporated on 06 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Virendrakumar Agrawal ceased to be Additional Director on 08 Sep 2021. Chedikanahouse Kandankunhi Valliyod Kumaran ceased to be Director on 23 Jul 2018. Farah Zeba Siddiqui was appointed as Additional Director on 24 Jul 2017. Elito Solutions and Services India has 5 board changes on record in total.
Elito Solutions and Services India can be reached through the website elitosolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Elito Solutions and Services India is at #301 3rd Floor Smr Vinay Estate Commercial Complex Outer Ring Road Horam, Avu Circle, Bangalore, Karnataka, India – 560043.
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