About Coforge Smartserve Limited
Data last updated:
Coforge Smartserve Limited was a public limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Coforge Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 April 2002.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TS2002PLC185328. Its GSTIN is 06AABCN4598E1ZD (Haryana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹50 Cr. It was formerly known as Niit Smartserve Limited. It was led by directors including Saurabh Goel (Managing Director) and Madhusudan Padmanabh Hegde.
Its last annual general meeting (AGM) was held on 13 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹143.2 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹12.9 Cr (net margin 9%) and EBITDA of ₹38 Cr (EBITDA margin 26.5%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 17% over five years.
The company had about 821 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Coforge. As per MCA filings, the company had satisfied charges of ₹62.38 Lakh on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹25 Cr; the latest was in November 2006.
The last known website on record is coforge.com.
Company details
CIN history
Coforge Smartserve has one previous CIN (Corporate Identification Number): U72900DL2002PLC114946. The current CIN is U72900TS2002PLC185328, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TS2002PLC185328 | Current |
| U72900DL2002PLC114946 | Previous |
Contact details
Coforge Smartserve Limited's registered office is in Hyderabad, Telangana. Its website is coforge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8th Floors Of Au Infinium, At D. No. 2 – 9/90/1/Au/8, Hyderabad, Telangana, India – 500032
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Coforge Smartserve 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
Coforge Smartserve operates one associated brand: Coforge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of data & analytics, digital process automation, and other transformation services | coforge.com |
Business activity
The main business activity of Coforge Smartserve 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 Coforge Smartserve Limited, buy the company report.
Financials of Coforge Smartserve Limited
FY 2024 filings availableCoforge Smartserve Limited reported revenue of ₹143.2 Cr (up 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 41% growth in the latest year. EBITDA fell 30% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹38 Cr | ||||
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| Net Profit (PAT) | ₹12.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 26.5% | ||||
| Net Profit Margin | 9% | ||||
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To see the full financial statements and ratios of Coforge Smartserve Limited, buy the company report.
Board of directors and KMP of Coforge Smartserve Limited
Coforge Smartserve Limited currently reports 3 directors and 2 key managerial personnel. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Arora Also directs: Rythmos India Private Limited, Coforge Solutions Private Limited | Cfo | 24 Jul 2020 | 6 Years 3 Months | As last reported |
| Saurabh Goel Also directs: Cigniti Technologies Limited, Coforge Business Process Solutions Private Limited, Coforge Technologies Private Limited and 4 more | Managing Director | 18 Jan 2024 | 2 Years 9 Months | As last reported |
| Madhusudan Padmanabh Hegde | Director | 17 Jan 2023 | 3 Years 9 Months | As last reported |
| Barkha Sharma Also directs: Coforge Business Process Solutions Private Limited | Company Secretary | 24 Jan 2022 | 4 Years 9 Months | As last reported |
| Rajesh Shetty | Director | 22 Feb 2023 | 3 Years 8 Months | As last reported |
Auditor
Coforge Smartserve Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Coforge Smartserve Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coforge Smartserve Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2018 | 100169470 | Others | ₹9.99 Lakh | Satisfied | |
| 10 Oct 2016 | 100058760 | Others | ₹11.75 Lakh | Satisfied | |
| 27 Feb 2016 | 100017582 | Others | ₹30.6 Lakh | Satisfied | |
| 28 Dec 2015 | 10615357 | Kotak Mahindra Prime Limited | ₹4.43 Lakh | Satisfied | |
| 29 Sep 2014 | 10527890 | Hdfc Bank Limited | ₹5.61 Lakh | Satisfied |
To see the full charge records of Coforge Smartserve Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Coforge Smartserve Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25 Cr; the latest was in November 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2006 | Funding round | ₹25 Cr | Investors: Coforge Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Coforge Smartserve Limited has 6 court cases on record: 1 filed by Coforge Smartserve, 5 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Civil suit | Filed against the company by State | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by The Registrar of Companies | Disposed |
| District court, Kannauj, Uttar Pradesh | Court case (M.v. Act) | Filed against the company by State | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Coforge Smartserve 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 Coforge Smartserve Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Coforge Smartserve Limited has a workforce of 821 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Coforge Smartserve has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCN4598E1ZD | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coforge Smartserve Limited, buy the company report.
Recent activity
Coforge Smartserve Limited has 25 board changes on record since 2008: 5 appointments and 20 cessations. The latest: Saurabh Goel ceased to be Additional Director on 12 Jun 2024.
26 earlier events are in the company report.
News
Frequently asked questions
Coforge Smartserve has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Coforge Smartserve was a public limited company based in Hyderabad, Telangana, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 12 April 2002 and is registered under CIN U72900TS2002PLC185328. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Coforge Smartserve was incorporated on 12 April 2002. It is registered with the Registrar of Companies, Hyderabad.
Coforge Smartserve had 5 directors and KMP:
- Saurabh Goel - Managing Director
- Madhusudan Padmanabh Hegde - Director
- Rajesh Shetty - Director
- Ashish Arora - Cfo
- Barkha Sharma - Company Secretary
The CIN (Corporate Identification Number) of Coforge Smartserve is U72900TS2002PLC185328. 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 Coforge Smartserve is at 8th Floors Of Au Infinium, At D. No. 2 – 9901Au8, Hyderabad, Telangana, India – 500032.
Coforge Smartserve can be reached through the website coforge.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Coforge Smartserve on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 June 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Coforge Smartserve is 06AABCN4598E1ZD, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Coforge Smartserve operated in the information technology industry, in the IT consulting and support services segment.
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