MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-PB-12-0071229
Offshore IT Services Private Limited - information technology in Mohali, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.69 Cr
▲ 42% YoY
Net profit · FY 2024
₹94,937
Net margin 0.1%
EBITDA · FY 2024
₹30.19 Lakh
EBITDA margin 2.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2.57 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
66
Provident fund records
About Offshore IT Services Private Limited
Data last updated:
Offshore IT Services Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72501PB2019PTC050235. Its GSTIN is 03AADCO0581G1ZT (Punjab).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kavita Kumari and Manoj Kumar.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. A – 45 Indl. Area Phase – 8B Sector – 74, Mohali, Punjab, India – 160059.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.69 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹94,937 (net margin 0.1%) and EBITDA of ₹30.19 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Offshore IT Services. As per MCA filings, the company has open charges of ₹2.57 Cr on record.
Offshore IT Services Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-PB-12-0071229). For more details, the company can be reached via its website offshoreitservices.com.
Company details
CIN U72501PB2019PTC050235
Registration Number 050235
Incorporation Date 14 November 2019
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification MSME
Udyam Registration UDYAM-PB-12-0071229
Key People
Kavita Kumari Director Manoj Kumar Director Recognitions & Rankings of Offshore IT Services
Contact details
Offshore IT Services Private Limited's registered office is in Mohali, Punjab. Its website is offshoreitservices.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. A – 45 Indl. Area Phase – 8B Sector – 74, Mohali, Punjab, India – 160059
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Offshore IT Services Private Limited, buy the company report.
Comprehensive company report
Offshore IT Services Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Offshore IT Services operates one associated brand: Offshore IT Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers diversified application development, QA testing, and IT staffing services to clients. | offshoreitservices.com |
Business activity
The main business activity of Offshore IT Services is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Offshore IT Services Private Limited, buy the company report.
Financials of Offshore IT Services Private Limited
FY 2024 filings availableOffshore IT Services Private Limited reported revenue of ₹10.69 Cr (up 42% YoY) for FY 2024.
Revenue · FY 2024
₹10.69 Cr ▲ 42%
Net profit · FY 2024
₹94,937 margin 0.1%
EBITDA · FY 2024
₹30.19 Lakh margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 57%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 57% over three years, including 42% growth in the latest year. EBITDA rose 38% 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 | ₹30.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹94,937 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Offshore IT Services Private Limited, buy the company report.
Board of directors of Offshore IT Services Private Limited
Offshore IT Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavita Kumari Also directs: Yottabytes Online Private Limited, Rsit Services Private Limited | Director | 01 Jul 2021 | 5 Years 4 Months | Current |
| Manoj Kumar | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Offshore IT Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rockline Tech Champ Ind Private Limited | ₹10.72 Cr (FY 2024) | -27.0% | Hyderabad, Telangana, India | |||
| Augnito India Private Limited | ₹10.71 Cr (FY 2024) | 375.0% | Mumbai, Maharashtra, India | |||
| Initiatefirst Information Services Private Limited | ₹10.71 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Xad Software Private Limited | ₹10.7 Cr (FY 2017) | 11.0% | New Delhi, Delhi, India | |||
| Veritis Solutions India Private Limited | ₹10.7 Cr (FY 2024) | 2.0% | Hyderabad, Telangana, India | |||
| Offshore IT Services Private Limitedthis company | ₹10.69 Cr (FY 2024) | ₹94,937 | 0.1% | 42.0% | 66 | Mohali, Punjab, India |
| Banfico India Private Limited | ₹10.69 Cr (FY 2024) | 27.0% | Coimbatore, Tamil Nadu, India | |||
| Lianming Technology (India) Private Limited | ₹10.68 Cr (FY 2023) | 91.0% | Bangalore, Karnataka, India | |||
| Mands Consulting Private Limited | ₹10.66 Cr (FY 2025) | 11.0% | Delhi, India | |||
| India News Communications Limited | ₹10.65 Cr (FY 2024) | -63.0% | New Delhi, Delhi, India | |||
| Vivaansh Edutech Private Limited | ₹10.65 Cr (FY 2022) | 0.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Offshore IT Services Private Limited, buy the company report.
Auditor
Offshore IT Services Private Limited is audited by VINOD AMRIT & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD AMRIT & CO. | FY 2023 | 017706N |
Shareholding
The shareholding of Offshore IT Services Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Offshore IT Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.57 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2024 | 100997390 | Others | ₹2.57 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Offshore IT Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Offshore IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Offshore IT Services Private Limited has a workforce of 66 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
66
Active EPFO establishments
1
Employee growth
34.69%
GST
Offshore IT Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCO0581G1ZT | Punjab | Active | 15 Jan 2020 |
To see the full GST registrations and return filing status of Offshore IT Services Private Limited, buy the company report.
Recent activity
Offshore IT Services Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Kavita Kumari ceased to be Additional Director on 30 Nov 2021.
Charges
A charge with Others amounted to Rs. 256.71 Lakh with Charge ID 100997390 was registered on 24 Oct 2024.
AGM
Offshore It Services Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.
Filing
Offshore It Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Ceased
Kavita Kumari ceased to be Additional Director.
Appointed
Kavita Kumari was appointed as Director.
Ceased
Nidhi Sareen ceased to be Director.
Appointed
Manoj Kumar was appointed as Director.
Incorporation
14 Nov 2019
Offshore It Services Private Limited was registered on 14 Nov 2019 with Roc Chandigarh & aged 6 years 11 months as per MCA records.
Frequently asked questions
Offshore IT Services is an active private limited company based in Mohali, Punjab, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 November 2019 (7+ years old) and is registered under CIN U72501PB2019PTC050235.
Offshore IT Services has 2 current directors:
- Kavita Kumari - Director
- Manoj Kumar - Director
The latest financial statements of Offshore IT Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Offshore IT Services is 03AADCO0581G1ZT, registered in Punjab.
The CIN (Corporate Identification Number) of Offshore IT Services is U72501PB2019PTC050235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Offshore IT Services was incorporated on 14 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Offshore IT Services by revenue are Rockline Tech Champ Ind Private Limited, Augnito India Private Limited, Initiatefirst Information Services Private Limited, Xad Software Private Limited, Veritis Solutions India Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Kavita Kumari ceased to be Additional Director on 30 Nov 2021. Kavita Kumari was appointed as Director on 01 Jul 2021. Nidhi Sareen ceased to be Director on 01 Jul 2021. Offshore IT Services has 4 board changes on record in total.
Yes, Offshore IT Services is registered as an MSME under Udyam registration (number: UDYAM-PB-12-0071229).
Offshore IT Services can be reached through the website offshoreitservices.com. Its registered office is in Mohali, Punjab, India.
The registered office of Offshore IT Services is at Plot No. A – 45 Indl. Area Phase – 8B Sector – 74, Mohali, Punjab, India – 160059.
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