About Sakri IT Solutions Private Limited
Data last updated:
Sakri IT Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 April 2009.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2009PTC133731. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.37 Cr. It is led by directors Ravi Lakshman Kantimahanthi and Asha Manthri.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹22.27 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹5.74 Cr (net margin -25.8%) and EBITDA of -₹3.78 Cr (EBITDA margin -17%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 88 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹16 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 3 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹16.5 Lakh; the latest was in September 2012.
The last known website on record is sakri.in.
Company details
Contact details
Sakri IT Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is sakri.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRakshak Nagar Ph II Sr No 39/1A Khardi Next To Shell Pet, Rol Pump, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Sakri 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 Sakri IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Sakri IT Solutions Private Limited, buy the company report.
Financials of Sakri IT Solutions Private Limited
FY 2017 filings availableSakri IT Solutions Private Limited reported revenue of ₹22.27 Cr (down 65% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 65% fall in the latest year. EBITDA rose 38% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹22.27 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.78 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.74 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -17% | ||
| Net Profit Margin | -25.8% | ||
| 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 Sakri IT Solutions Private Limited, buy the company report.
Board of directors of Sakri IT Solutions Private Limited
Sakri IT Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Lakshman Kantimahanthi | Director | 10 May 2010 | 16 Years 5 Months | As last reported |
| Asha Manthri | Director | 01 Apr 2009 | 17 Years 6 Months | As last reported |
Auditor
Sakri IT Solutions Private Limited is audited by C V CHITALE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C V CHITALE & CO | FY 2017 | 126338W |
Shareholding
The shareholding of Sakri IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sakri IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2014 | 10531252 | Axis Bank Limited | ₹1.5 Cr | Open | |
| 24 Oct 2013 | 10456917 | Axis Bank Limited | ₹18.5 Cr | Open | |
| 24 Jun 2011 | 10296901 | Hdfc Bank Limited | ₹8 Cr | Satisfied | |
| 30 May 2011 | 10291619 | Hdfc Bank Limited | ₹8 Cr | Satisfied |
To see the full charge records of Sakri IT Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Sakri IT Solutions Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹16.5 Lakh; the latest was in September 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Funding round | ₹16.5 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sakri IT Solutions Private Limited has 12 court cases on record: 7 filed by Sakri IT Solutions, 5 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 4 | 3 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Axis Bank Ltd Through Pinakin Naniwadekar | Pending |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed by the company against Ms K 7 Computing Pvt. Ltd., Through Mang. Dir. Kesavardhanan Jayaraman and Etc. 3 | Pending |
| District court, South, Delhi | Civil suit | Filed against the company by Cyber Media (India) Ltd. | Disposed |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by HDB Financial Services Limited | Disposed |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed against the company by an individual | Pending |
To see the full case history of Sakri IT Solutions 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 Sakri IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sakri IT Solutions Private Limited has a workforce of 88 employees on its EPFO records as of Mar 25, 2024, across 2 active EPFO establishments.
GST
Sakri IT Solutions has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sakri IT Solutions Private Limited, buy the company report.
Recent activity
Sakri IT Solutions Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Suryodayam Jaggumantri ceased to be Director on 30 Oct 2015.
3 earlier events are in the company report.
Frequently asked questions
Sakri IT Solutions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Sakri IT Solutions is a company under liquidation, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 April 2009 and is registered under CIN U72900PN2009PTC133731. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sakri IT Solutions has 2 current directors:
- Ravi Lakshman Kantimahanthi - Director
- Asha Manthri - Director
The latest financial statements of Sakri IT Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sakri IT Solutions is U72900PN2009PTC133731. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sakri IT Solutions has open charges of ₹20 Cr and satisfied charges of ₹16 Cr as per latest MCA filings.
Sakri IT Solutions has 12 court cases on record: 7 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Sakri IT Solutions was incorporated on 01 April 2009. It is registered with the Registrar of Companies, Pune.
Sakri IT Solutions has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹16.5 Lakh; the latest was in September 2012.
Suryodayam Jaggumantri ceased to be Director on 30 Oct 2015. Ravi Lakshman Kantimahanthi was appointed as Director on 10 May 2010. Asha Manthri was appointed as Director on 01 Apr 2009.