About Saasforce Consulting Private Limited
Data last updated:
Saasforce Consulting Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Cognizant Technology Solutions India Private 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 10 July 2009.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2009PTC132551. Its GSTIN is 05AANCS1772M1ZV (Uttarakhand). The company held 9 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹45 Lakh and a paid-up capital of ₹44.51 Lakh. It was led by directors including Shantanu Rajendra Jha and Thirumalai Narayanan.
Its last annual general meeting (AGM) was held on 16 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 6th Floor New No.165 Menon Eternity Building St.Mary'S Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2019, the company reported a revenue of ₹57.58 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹11.52 Cr (net margin -20%) and EBITDA of ₹92.09 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 40% over five years.
The company had about 16 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: SaaSfocus. As per MCA filings, the company had open charges of ₹1.5 Cr on record. The company has 7 deals on record (3 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.7 Lakh; the latest was in October 2018.
The last known website on record is saasforce.in.
Company details
CIN history
Saasforce Consulting has one previous CIN (Corporate Identification Number): U74900DL2009PTC192113. The current CIN is U74900TN2009PTC132551, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TN2009PTC132551 | Current |
| U74900DL2009PTC192113 | Previous |
Contact details
Saasforce Consulting Private Limited's registered office is in Chennai, Tamil Nadu. Its website is saasforce.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address6th Floor New No.165 Menon Eternity Building St.Mary'S Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Saasforce Consulting 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
Saasforce Consulting operates one associated brand: SaaSfocus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based SaaS products and consulting services are provided for enterprises. | saasfocus.com |
Financials of Saasforce Consulting Private Limited
FY 2020 filings availableSaasforce Consulting Private Limited reported revenue of ₹57.58 Cr (up 26% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 26% growth in the latest year. EBITDA fell 44% 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 | |||||
| Revenue from Operations | |||||
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| Total Revenue | ₹57.58 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹92.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.52 Cr | ||||
| Balance Sheet | |||||
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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 | 1.6% | ||||
| Net Profit Margin | -20% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Saasforce Consulting Private Limited, buy the company report.
Board of directors of Saasforce Consulting Private Limited
Saasforce Consulting has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantanu Rajendra Jha Also directs: Jubilant Beverages Limited, Jubilant Biosys Limited, Jubilant Infrastructure Limited and 1 more | Director | 03 Aug 2020 | 6 Years 2 Months | As last reported |
| Thirumalai Narayanan | Director | 04 Oct 2018 | 8 Years 0 Months | As last reported |
| Ramaseshan Kothandaraman Also directs: Servion Global Solutions Private Limited | Director | 05 Dec 2018 | 7 Years 10 Months | As last reported |
Auditor
Saasforce Consulting Private Limited is audited by A J K R AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A J K R AND ASSOCIATES | FY 2019 | 000516N |
Shareholding
The shareholding of Saasforce Consulting Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Saasforce Consulting Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2016 | 100023022 | Hdfc Bank Limited | ₹1.5 Cr | Open |
To see the full charge records of Saasforce Consulting Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Saasforce Consulting Private Limited has 7 deals on record (3 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.7 Lakh; the latest was in October 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Rights issue | ₹80.66 Cr | Investors: Cognizant Technology Solutions India Private Limited , Cognizant Technology Solutions India Private Limited & Cognizant (Mauritius) Limited Seller: 4 individuals |
| Nov 2017 | Rights issue | ₹10.7 Lakh | Investors: 4 individuals |
| Oct 2016 | Rights issue | ₹30,000 | Investors: 4 individuals |
| Sep 2016 | Funding round | ₹50.8 Lakh | Investors: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Tricity Technologies Private Limited , an individual Seller: an individual |
To see the full deal history of Saasforce Consulting Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Saasforce Consulting 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 Saasforce Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saasforce Consulting Private Limited has a workforce of 16 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Saasforce Consulting has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AANCS1772M1ZV | Uttarakhand | Active | 16 Nov 2017 |
To see the full GST registrations and return filing status of Saasforce Consulting Private Limited, buy the company report.
Recent activity
Saasforce Consulting Private Limited has 16 board changes on record since 2015: 3 appointments and 13 cessations. The latest: Shantanu Rajendra Jha ceased to be Additional Director on 16 Sep 2020.
9 earlier events are in the company report.
Frequently asked questions
Saasforce Consulting 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.
Saasforce Consulting was a private limited company based in Chennai, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 10 July 2009 and is registered under CIN U74900TN2009PTC132551. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Saasforce Consulting was incorporated on 10 July 2009. It is registered with the Registrar of Companies, Chennai.
Saasforce Consulting had 3 directors:
- Shantanu Rajendra Jha - Director
- Thirumalai Narayanan - Director
- Ramaseshan Kothandaraman - Director
The CIN (Corporate Identification Number) of Saasforce Consulting is U74900TN2009PTC132551. 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 Saasforce Consulting is at 6th Floor New No.165 Menon Eternity Building St.MaryS Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
Saasforce Consulting can be reached through the website saasforce.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Saasforce Consulting on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 16 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Saasforce Consulting is 05AANCS1772M1ZV, registered in Uttarakhand. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
Saasforce Consulting operated in the information technology industry, in the IT consulting and support services segment.
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