About Outsourceace IT and ITES Solutions Private Limited
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Outsourceace IT and ITES Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 27 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012PTC065572. Its GSTIN is 29AABCO7165L1ZW (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sharan Figeras and William Elizabeth.
Its last annual general meeting (AGM) was held on 28 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 40 2nd Main Road H Colony Bharathinagar Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.9 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹5.61 Lakh (net margin -3%) and EBITDA of -₹82,735 (EBITDA margin -0.4%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 12% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: OutsourceACE. Court records list 8 cases involving the company, including 8 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 outsourceace.com.
Company details
Contact details
Outsourceace IT and ITES Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is outsourceace.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address40 2nd Main Road H Colony Bharathinagar Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Outsourceace IT and ITES 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
Outsourceace IT and ITES Solutions operates one associated brand: OutsourceACE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform offering sports betting, live casino, slots, and mini games services. | outsourceace.com |
Business activity
The main business activity of Outsourceace IT and ITES 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 Outsourceace IT and ITES Solutions Private Limited, buy the company report.
Financials of Outsourceace IT and ITES Solutions Private Limited
FY 2020 filings availableOutsourceace IT and ITES Solutions Private Limited reported revenue of ₹1.9 Cr (down 27% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 27% fall in the latest year. EBITDA fell 103% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.9 Cr | ||||
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| EBITDA | -₹82,735 | ||||
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| Net Profit (PAT) | -₹5.61 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | -0.4% | ||||
| Net Profit Margin | -3% | ||||
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To see the full financial statements and ratios of Outsourceace IT and ITES Solutions Private Limited, buy the company report.
Board of directors of Outsourceace IT and ITES Solutions Private Limited
Outsourceace IT and ITES Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharan Figeras | Director | 27 Aug 2012 | 14 Years 1 Months | Current |
| William Elizabeth | Director | 27 Aug 2012 | 14 Years 1 Months | Current |
Auditor
Outsourceace IT and ITES Solutions Private Limited is audited by BINIT DALMIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BINIT DALMIA & ASSOCIATES | FY 2018 | 328190E |
Shareholding
The shareholding of Outsourceace IT and ITES 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 Outsourceace IT and ITES Solutions Private Limited, buy the company report.
Legal cases
Outsourceace IT and ITES Solutions Private Limited has 8 court cases on record: 8 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Asttecs Communications Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Asttecs Communications Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Asttecs Communications Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
To see the full case history of Outsourceace IT and ITES 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 Outsourceace IT and ITES Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Outsourceace IT and ITES Solutions Private Limited has a workforce of 13 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Outsourceace IT and ITES Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCO7165L1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Outsourceace IT and ITES Solutions Private Limited, buy the company report.
Recent activity
Outsourceace IT and ITES Solutions Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Sharan Figeras was appointed as Director on 27 Aug 2012.
Frequently asked questions
Outsourceace IT and ITES Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 27 August 2012 (14+ years old) and is registered under CIN U72200KA2012PTC065572.
Outsourceace IT and ITES Solutions has 2 current directors:
- Sharan Figeras - Director
- William Elizabeth - Director
The latest financial statements of Outsourceace IT and ITES Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Outsourceace IT and ITES Solutions is 29AABCO7165L1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Outsourceace IT and ITES Solutions is U72200KA2012PTC065572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Outsourceace IT and ITES Solutions has 8 court cases on record: 8 filed against it. 1 is pending.
Outsourceace IT and ITES Solutions was incorporated on 27 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Sharan Figeras was appointed as Director on 27 Aug 2012. William Elizabeth was appointed as Director on 27 Aug 2012.
Outsourceace IT and ITES Solutions can be reached through the website outsourceace.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Outsourceace IT and ITES Solutions is at 40 2nd Main Road H Colony Bharathinagar Indiranagar, Bangalore, Karnataka, India – 560038.