About Farsight IT Solutions Private Limited
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Farsight IT Solutions Private Limited was a private limited company based in Faridabad, Haryana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 March 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72900HR2011PTC042411. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Mukesh Kumar and Susheel Sharma.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Scf No – 09 Sector – 17 HUDA Shopping Centre, Faridabad, Haryana, India – 121002.
As per the financials filed for FY 2017, the company reported a revenue of ₹98.13 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹60,130 (net margin 0.6%) and EBITDA of ₹3.39 Lakh (EBITDA margin 3.5%).
The company was associated with 1 brand: Payroll Insights. Court records list 3 cases involving the company, including 3 filed against it.
The last known website on record is farsightitsolutions.com.
Company details
Contact details
Farsight IT Solutions Private Limited's registered office is in Faridabad, Haryana. Its website is farsightitsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressScf No – 09 Sector – 17 HUDA Shopping Centre, Faridabad, Haryana, India – 121002
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Farsight 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
Brands
Farsight IT Solutions operates one associated brand: Payroll Insights. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR software for payroll, attendance, and employee management in various industries. | payrollinsights.com |
Business activity
The main business activity of Farsight IT Solutions 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 Farsight IT Solutions Private Limited, buy the company report.
Financials of Farsight IT Solutions Private Limited
FY 2017 filings availableFarsight IT Solutions Private Limited reported revenue of ₹98.13 Lakh (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA rose 120% 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 | ₹98.13 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.39 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹60,130 | ||
| 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 | 3.5% | ||
| Net Profit Margin | 0.6% | ||
| 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 Farsight IT Solutions Private Limited, buy the company report.
Board of directors of Farsight IT Solutions Private Limited
Farsight IT Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Kumar | Director | 14 Mar 2011 | 15 Years 7 Months | As last reported |
| Susheel Sharma | Director | 14 Mar 2011 | 15 Years 7 Months | As last reported |
Auditor
Farsight IT Solutions Private Limited is audited by AJAY SINGLA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJAY SINGLA & CO | FY 2017 | 013567N |
Shareholding
The shareholding of Farsight IT Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Farsight IT Solutions Private Limited, buy the company report.
Legal cases
Farsight IT Solutions Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Criminal case | Filed against the company by Ms Netcom Impo Expo (P) Ltd. | Disposed |
To see the full case history of Farsight 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 Farsight IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Farsight IT 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 Farsight IT Solutions Private Limited, buy the company report.
Recent activity
Farsight IT Solutions Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Sita Yadav ceased to be Director on 20 May 2013.
Frequently asked questions
Farsight IT Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Farsight IT Solutions was a private limited company based in Faridabad, Haryana, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 14 March 2011 and is registered under CIN U72900HR2011PTC042411. The company has been struck off by the Registrar of Companies and is no longer operational.
Farsight IT Solutions had 2 directors:
- Mukesh Kumar - Director
- Susheel Sharma - Director
The CIN (Corporate Identification Number) of Farsight IT Solutions is U72900HR2011PTC042411. 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 Farsight IT Solutions is at Scf No – 09 Sector – 17 HUDA Shopping Centre, Faridabad, Haryana, India – 121002.
Farsight IT Solutions was incorporated on 14 March 2011. It is registered with the Registrar of Companies, Delhi.
Farsight IT Solutions can be reached through the website farsightitsolutions.com. Its registered office is in Faridabad, Haryana, India.
The latest financial statements of Farsight IT Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Farsight IT Solutions has 1 GST registration on record and it is cancelled or inactive.
Farsight IT Solutions operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.
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