About Saatvik Solutions LLP
Data last updated:
Saatvik Solutions LLP was a limited liability partnership (LLP) based in Bangalore, Karnataka, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 04 August 2014.
The LLP was registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAC-5386.
The LLP had a total obligation of contribution of ₹1 Lakh. It was led by designated partners Nayak Sakarayapatna Sundaresh and Shyam Prasad.
Its latest statement of accounts is for the year ended 31 March 2020. The registered office was at No.360 Giriyasenclave43Rdmainidealhometownship Rajarajeswarinagar, Bangalore, Karnataka, India – 560098.
As per the financials filed for FY 2020, the LLP reported a revenue of ₹1.67 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹6.75 Lakh (net margin 4.1%) and EBITDA of -₹12.91 Lakh (EBITDA margin -7.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
The LLP is associated with 1 brand: Saatvik Solutions. As per MCA filings, the LLP has open charges of ₹1.22 Cr on record.
Saatvik Solutions LLP is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0010224). The last known website on record is saatviksolutions.com.
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- Registered AddressNo.360 Giriyasenclave43Rdmainidealhometownship Rajarajeswarinagar, Bangalore, Karnataka, India – 560098
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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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Financials of Saatvik Solutions LLP FY 2020 filings available
Saatvik Solutions LLP reported revenue of ₹1.67 Cr (up 51% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Saatvik Solutions LLP
Revenue rose 51% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 11%. 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 Saatvik Solutions LLP
| Statement of Account and Solvency | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | ₹1.67 Cr | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹6.75 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Saatvik Solutions LLP
| Statement of Account and Solvency | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Saatvik Solutions are in the company report.
Financial statements from 2015
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.
Designated Partners of Saatvik Solutions LLP
Saatvik Solutions has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayak Sakarayapatna Sundaresh Also directs: Saatvik Solutions Private Limited | Designated Partner | 04 Aug 2014 | 12 Years 2 Months | As last reported |
| Shyam Prasad Also directs: Saatvik Solutions Private Limited | Designated Partner | 04 Aug 2014 | 12 Years 2 Months | As last reported |
Ownership and Shareholding of Saatvik Solutions LLP
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 Saatvik Solutions LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2021 | State Bank of India | ₹1.22 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Saatvik Solutions LLP
Saatvik Solutions operates one associated brand: Saatvik Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides machine vision and industrial automation solutions for various industries worldwide. | saatviksolutions.com |
Employees and EPFO Compliance at Saatvik Solutions LLP
Employment history and EPFO contributions of people linked to Saatvik Solutions.
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 Saatvik Solutions LLP
Saatvik Solutions LLP has 2 designated partner changes on record since 2014: 2 appointments. The latest: Nayak Sakarayapatna Sundaresh was appointed as Designated Partner on 04 Aug 2014.
Credit Ratings, Litigation & Regulatory Alerts for Saatvik Solutions LLP
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 Saatvik Solutions LLP
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 Saatvik Solutions LLP
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 Saatvik Solutions LLP
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 Saatvik Solutions LLP
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 Saatvik Solutions LLP
Saatvik Solutions has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Saatvik Solutions was a limited liability partnership based in Bangalore, Karnataka, India. The LLP worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 04 August 2014 and is registered under LLPIN AAC-5386. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Saatvik Solutions is AAC-5386. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Saatvik Solutions had 2 designated partners:
- Nayak Sakarayapatna Sundaresh - Designated Partner
- Shyam Prasad - Designated Partner
Saatvik Solutions was incorporated on 04 August 2014. It is registered with the Registrar of Companies, Bangalore.
Yes, Saatvik Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Saatvik Solutions is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0010224).
Saatvik Solutions can be reached through the website saatviksolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Saatvik Solutions is at No.360 Giriyasenclave43Rdmainidealhometownship Rajarajeswarinagar, Bangalore, Karnataka, India – 560098.
Saatvik Solutions reported revenue of ₹1.67 Cr for FY 2020 (up 51% YoY).