About Plusworth Solutions Private Limited
Data last updated:
Plusworth Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the business process outsourcing sector. It was incorporated on 22 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC166533. Its GSTIN is 27AAICP7970M1ZL (Maharashtra).
The company has an authorised share capital of ₹5.5 Lakh and a paid-up capital of ₹1.34 Lakh. It is led by directors Parvaiz Anwar Hussain and Asifa Parvaiz Hussain.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Flat 201 Arihant Enclave Divya Nagar Wanowrie, Pune, Maharashtra, India – 411040.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.58 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹51.08 Lakh and EBITDA of -₹51.08 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Healthfin. The company has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.6 Cr; the latest was in February 2020. Its 10 peer companies in the Outsourcing industry (Diversified BPO) are compared by revenue, 5 larger and 5 smaller; the largest is Veerangna Properties Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website healthfin.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat 201 Arihant Enclave Divya Nagar Wanowrie, Pune, Maharashtra, India – 411040
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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
- One PDF report, delivered after checkout
Business Activity of Plusworth Solutions Private Limited
The main business activity of Plusworth Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Plusworth Solutions Private Limited FY 2021 filings available
Plusworth Solutions Private Limited reported revenue of ₹3.58 Lakh (down 93% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Plusworth Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 93% fall in the latest year. EBITDA rose 55% 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 of Plusworth Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹51.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹51.08 Lakh | •••• | •••• | •••• | •••• |
| 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 of Plusworth Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Plusworth Solutions are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Plusworth Solutions Private Limited
Plusworth Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veerangna Properties Private Limited | •••• | •••• | •••• | •••• | - | Jhansi, Uttar Pradesh, India |
| Dazzles Exports Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mibiz Knowledge Park Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| V3g Trade Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Seacrest Investment Company Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Plusworth Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Pro Chain Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Nexus Outsourcing Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Bhure Info Solutions Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Ascom Accounting Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| New Horizon Calltech Services Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Plusworth Solutions by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Plusworth Solutions Private Limited
Plusworth Solutions Private Limited is audited by SUSHANT L YARDI & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUSHANT L YARDI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Plusworth Solutions Private Limited
Plusworth Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asifa Parvaiz Hussain | Additional Director | 29 Apr 2021 | 5 Years 5 Months | Current |
| Parvaiz Anwar Hussain Also directs: Aap Autowheels Private Limited | Director | 22 Sep 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Plusworth Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Plusworth Solutions Private Limited
Plusworth Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Plusworth Solutions Private Limited
Plusworth Solutions Private Limited has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.6 Cr; the latest was in February 2020.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Funding round | ₹2.75 Cr | Investors: Axilor, Sprout Venture Partners, 2 individuals |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Plusworth Solutions Private Limited
Plusworth Solutions operates one associated brand: Healthfin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hosts a digital marketplace to facilitate healthcare financing solutions. | healthfin.in |
Employees and EPFO Compliance at Plusworth Solutions Private Limited
Plusworth Solutions Private Limited has a workforce of 9 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Plusworth Solutions Private Limited
Plusworth Solutions Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Sonia Basu ceased to be Director on 30 Apr 2021.
Credit Ratings, Litigation & Regulatory Alerts for Plusworth Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Plusworth Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Plusworth Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Plusworth Solutions Private Limited
Plusworth Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP7970M1ZL | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Plusworth Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Plusworth Solutions Private Limited
Plusworth Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 22 September 2016 (10+ years old) and is registered under CIN U74999PN2016PTC166533.
Plusworth Solutions reported revenue of ₹3.58 Lakh for FY 2021 (down 93% YoY).
Plusworth Solutions has 2 current directors:
- Asifa Parvaiz Hussain - Additional Director
- Parvaiz Anwar Hussain - Director
Plusworth Solutions reported a net loss of ₹51.08 Lakh and EBITDA of -₹51.08 Lakh for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Plusworth Solutions is -52% over three years. In the latest year (FY 2021) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Plusworth Solutions is 27AAICP7970M1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Plusworth Solutions is U74999PN2016PTC166533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Plusworth Solutions was incorporated on 22 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Plusworth Solutions has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹3.6 Cr; the latest was in February 2020.
The peers of Plusworth Solutions by revenue are Veerangna Properties Private Limited, Dazzles Exports Private Limited, Mibiz Knowledge Park Private Limited, V3g Trade Solutions Private Limited, Seacrest Investment Company Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Sonia Basu ceased to be Director on 30 Apr 2021. Asifa Parvaiz Hussain was appointed as Additional Director on 29 Apr 2021. Asifa Parvaiz Hussain ceased to be Director on 20 Feb 2018. Plusworth Solutions has 5 board changes on record in total.