About Sai Ken IT Solutions Private Limited
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Sai Ken IT Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 19 February 2009.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2009PTC070780. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Aveza Tech Private Limited and Shri Ram It Solutions Private Limited. It was led by directors Arul Glory Nesamani and Elayaperumal Nesamani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at First Floor No. 85 Babu Street Vellala Teynampet, Chennai, Tamil Nadu, India – 600086.
As per the financials filed for FY 2019, the company reported a revenue of ₹13 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹8,891 (net margin -0.7%) and EBITDA of ₹2.3 Lakh (EBITDA margin 17.7%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years.
As per MCA filings, the company had satisfied charges of ₹2 Lakh on record.
The last known website on record is avezatech.com.
Company details
Name history
Sai Ken IT Solutions has undergone 2 name changes throughout its history. The company was previously known as Aveza Tech Private Limited, and Shri Ram It Solutions Private Limited. The current legal name is Sai Ken It Solutions Private Limited.
| Company Name | Status |
|---|---|
| Sai Ken IT Solutions Private Limited | Current |
| Aveza Tech Private Limited | Previous |
| Shri Ram It Solutions Private Limited | Previous |
Contact details
Sai Ken IT Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is avezatech.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFirst Floor No. 85 Babu Street Vellala Teynampet, Chennai, Tamil Nadu, India – 600086
- IndustryInformation Technology, Software Development & Support Services, Application Development & Software Solutions
To see the full contact details of Sai Ken IT 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
Business activity
The main business activity of Sai Ken IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Sai Ken IT Solutions Private Limited, buy the company report.
Financials of Sai Ken IT Solutions Private Limited
FY 2019 filings availableSai Ken IT Solutions Private Limited reported revenue of ₹13 Lakh (down 86% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over three years, including a 86% fall in the latest year. EBITDA fell 14% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹13 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8,891 | ||||
| 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 | 17.7% | ||||
| Net Profit Margin | -0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Sai Ken IT Solutions Private Limited, buy the company report.
Board of directors of Sai Ken IT Solutions Private Limited
Sai Ken IT 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 |
|---|---|---|---|---|
| Arul Glory Nesamani Also directs: Billionapps Infotech Solutions LLP | Director | 08 Aug 2019 | 7 Years 2 Months | As last reported |
| Elayaperumal Nesamani Also directs: Billionapps Infotech Solutions LLP | Director | 19 Feb 2009 | 17 Years 8 Months | As last reported |
Peer comparison
Sai Ken IT Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development, Software Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Edynamics Tech Solutions Private Limited | ₹13.02 Lakh (FY 2024) | -71.0% | Pune, Maharashtra, India | |||
| Sai Ken IT Solutions Private Limitedthis company | ₹13 Lakh (FY 2019) | -₹8,891 | -0.7% | -86.0% | Chennai, Tamil Nadu, India | |
| Sngeo Private Limited | ₹12.99 Lakh (FY 2024) | 61.0% | Rahata, Maharashtra, India | |||
| Logfuze Technologies Private Limited | ₹12.97 Lakh (FY 2024) | -29.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Sai Ken IT Solutions Private Limited, buy the company report.
Shareholding
The shareholding of Sai Ken IT Solutions Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sai Ken IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2013 | 10419328 | Indian Bank | ₹2 Lakh | Satisfied |
To see the full charge records of Sai Ken IT Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sai Ken IT 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 Sai Ken IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sai Ken IT 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 Sai Ken IT Solutions Private Limited, buy the company report.
Recent activity
Sai Ken IT Solutions Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Arul Glory Nesamani was appointed as Director on 08 Aug 2019.
Frequently asked questions
Sai Ken IT Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Sai Ken IT Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 19 February 2009 and is registered under CIN U72200TN2009PTC070780. The company has been struck off by the Registrar of Companies and is no longer operational.
Sai Ken IT Solutions had 2 directors:
- Arul Glory Nesamani - Director
- Elayaperumal Nesamani - Director
The CIN (Corporate Identification Number) of Sai Ken IT Solutions is U72200TN2009PTC070780. 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 Sai Ken IT Solutions is at First Floor No. 85 Babu Street Vellala Teynampet, Chennai, Tamil Nadu, India – 600086.
Sai Ken IT Solutions was incorporated on 19 February 2009. It is registered with the Registrar of Companies, Chennai.
Sai Ken IT Solutions can be reached through the website avezatech.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Sai Ken IT Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Sai Ken IT Solutions has 1 GST registration on record and it is cancelled or inactive.
Sai Ken IT Solutions operated in the information technology industry, in the software development and support services segment. It worked in this industry before it was struck off.
The peers of Sai Ken IT Solutions by revenue are Edynamics Tech Solutions Private Limited, Sngeo Private Limited, Logfuze Technologies Private Limited, all in the Information Technology industry (Application Development, Software Services), with the same principal business activity (computer programming, consultancy and related activities).
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