About Openstrides Software and Solutions Private Limited
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Openstrides Software and Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 06 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2009PTC049066. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.4 Lakh. It is led by directors including Kailash Prasad Bhoopalam (Whole-Time Director) and Rallapalli Karnam Balasubramanyam.
Its last annual general meeting (AGM) was held on 23 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 ₹6.73 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹12,011 (net margin 1.8%) and EBITDA of ₹2.17 Lakh (EBITDA margin 32.3%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
The company is associated with 1 brand: OpenStrides.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website openstrides.com.
Company details
Contact details
Openstrides Software and Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is openstrides.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.26&27 Tulasihouseopphppetrolstation Nandinilayouten, Trance, Bangalore, Karnataka, India – 560096
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Openstrides Software and 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
Openstrides Software and Solutions operates one associated brand: OpenStrides. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a cloud-based software suite tailored for insurance brokers. | openstrides.com |
Business activity
The main business activity of Openstrides Software and Solutions 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 Openstrides Software and Solutions Private Limited, buy the company report.
Financials of Openstrides Software and Solutions Private Limited
FY 2019 filings availableOpenstrides Software and Solutions Private Limited reported revenue of ₹6.73 Lakh (down 30% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over three years, including a 30% fall in the latest year. EBITDA rose 239% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹6.73 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | ₹2.17 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12,011 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.3% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Openstrides Software and Solutions Private Limited, buy the company report.
Board of directors of Openstrides Software and Solutions Private Limited
Openstrides Software and Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Prasad Bhoopalam Also directs: Learnito Education Private Limited | Whole-Time Director | 02 Nov 2017 | 8 Years 11 Months | Current |
| Prasad | Additional Director | 10 Jun 2009 | 17 Years 4 Months | Current |
| Rallapalli Karnam Balasubramanyam | Director | 06 Feb 2009 | 17 Years 8 Months | Current |
Auditor
Openstrides Software and Solutions Private Limited is audited by SUNDARARAJAN AND HARISH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDARARAJAN AND HARISH | FY 2017 | 004218S |
Shareholding
The shareholding of Openstrides Software and 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 Openstrides Software and Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Openstrides Software and Solutions 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 Openstrides Software and Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Openstrides Software and 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 Openstrides Software and Solutions Private Limited, buy the company report.
Recent activity
Openstrides Software and Solutions Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Ananth Rallapalli Balasubramanyam ceased to be Director on 02 Nov 2017.
Frequently asked questions
Openstrides Software and Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 06 February 2009 (17+ years old) and is registered under CIN U72200KA2009PTC049066.
Openstrides Software and Solutions has 3 current directors:
- Kailash Prasad Bhoopalam - Whole-Time Director
- Prasad - Additional Director
- Rallapalli Karnam Balasubramanyam - Director
The latest financial statements of Openstrides Software and Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 September 2019. Year-wise statements from 2015 are in the company report.
No. Openstrides Software and Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Openstrides Software and Solutions is U72200KA2009PTC049066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Openstrides Software and Solutions was incorporated on 06 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Ananth Rallapalli Balasubramanyam ceased to be Director on 02 Nov 2017. Kailash Prasad Bhoopalam was appointed as Whole-Time Director on 02 Nov 2017. Prasad was appointed as Additional Director on 10 Jun 2009. Openstrides Software and Solutions has 4 board changes on record in total.
Openstrides Software and Solutions can be reached through the website openstrides.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Openstrides Software and Solutions is at No.26&27 Tulasihouseopphppetrolstation Nandinilayouten, Trance, Bangalore, Karnataka, India – 560096.
Openstrides Software and Solutions operates in the information technology industry, in the software development and support services segment.