MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0011386
Redeem Systems Private Limited - engineering in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹55.76 Lakh
▼ 58% YoY
Net loss · FY 2022
₹38,702
Net margin -0.7%
EBITDA · FY 2022
₹13.97 Lakh
EBITDA margin 25%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
9
Provident fund records
Directors on board
2
As per MCA filings
About Redeem Systems Private Limited
Data last updated:
Redeem Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 27 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC101711. Its GSTIN is 29AAICR2064A2ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Arthi Kannan and Varahoor Kannan Nagarajan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Fno 309 2nd Floor 97/4 Arjun Aura Apts 5th Cross Vijaya Bank Layout Bilekahalli, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2022, the company reported a revenue of ₹55.76 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹38,702 (net margin -0.7%) and EBITDA of ₹13.97 Lakh (EBITDA margin 25%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Redeemsystems. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
Redeem Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0011386). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website redeemsystems.com.
Company details
CIN U72900KA2017PTC101711
Registration Number 101711
Incorporation Date 27 March 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0011386
Recognitions & Rankings of Redeem Systems
Contact details
Redeem Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is redeemsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFno 309 2nd Floor 97/4 Arjun Aura Apts 5th Cross Vijaya Bank Layout Bilekahalli, Bangalore, Karnataka, India – 560076
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Redeem Systems Private Limited, buy the company report.
Comprehensive company report
Redeem Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Redeem Systems operates one associated brand: Redeemsystems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| redeemsystems.com |
Business activity
The main business activity of Redeem Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Redeem Systems Private Limited, buy the company report.
Financials of Redeem Systems Private Limited
FY 2022 filings availableRedeem Systems Private Limited reported revenue of ₹55.76 Lakh (down 58% YoY) for FY 2022.
Revenue · FY 2022
₹55.76 Lakh ▼ 58%
Net loss · FY 2022
₹38,702 margin -0.7%
EBITDA · FY 2022
₹13.97 Lakh margin 25%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 41%
EBITDA CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 1%
5 years · compounded
▲ 98%
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 58% fall in the latest year. EBITDA rose 21% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹13.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38,702 | ||||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25% | ||||
| Net Profit Margin | -0.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Redeem Systems Private Limited, buy the company report.
Board of directors of Redeem Systems Private Limited
Redeem Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arthi Kannan | Director | 09 Aug 2018 | 8 Years 2 Months | Current |
| Varahoor Kannan Nagarajan | Director | 27 Mar 2017 | 9 Years 6 Months | Current |
Auditor
Redeem Systems Private Limited is audited by RAUT JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAUT JAIN & CO | FY 2018 | 030958N |
Shareholding
The shareholding of Redeem Systems Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Redeem Systems Private Limited, buy the company report.
Legal cases
Redeem Systems Private Limited has 4 court cases on record: 2 filed by Redeem Systems, 2 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Redeem Software Pvt Ltd and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Redeem Software Pvt Ltd and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Dasan Network Solutions, Inc. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Dasan Network Solutions, Inc. | Disposed |
To see the full case history of Redeem Systems 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 Redeem Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Redeem Systems Private Limited has a workforce of 9 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
Employee growth
-43.75%
GST
Redeem Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICR2064A2ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Redeem Systems Private Limited, buy the company report.
Recent activity
Redeem Systems Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Arthi Kannan was appointed as Director on 09 Aug 2018.
AGM
Redeem Systems Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Redeem Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Arthi Kannan was appointed as Director.
Ceased
Varahur Kannan Sai Krishna ceased to be Director.
Appointed
Varahoor Kannan Nagarajan was appointed as Director.
Incorporation
27 Mar 2017
Redeem Systems Private Limited was registered on 27 Mar 2017 with Roc Bangalore & aged 9 years 7 months as per MCA records.
Frequently asked questions
Redeem Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 27 March 2017 (9+ years old) and is registered under CIN U72900KA2017PTC101711.
Redeem Systems has 2 current directors:
- Arthi Kannan - Director
- Varahoor Kannan Nagarajan - Director
The latest financial statements of Redeem Systems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Redeem Systems is 29AAICR2064A2ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Redeem Systems is U72900KA2017PTC101711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Redeem Systems has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending.
Redeem Systems was incorporated on 27 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Arthi Kannan was appointed as Director on 09 Aug 2018. Varahur Kannan Sai Krishna ceased to be Director on 08 Aug 2018. Varahoor Kannan Nagarajan was appointed as Director on 27 Mar 2017.
Yes, Redeem Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0011386).
Redeem Systems can be reached through the website redeemsystems.com. Its registered office is in Bangalore, Karnataka, India.