About Simplicity Creations Technologies Private Limited
Data last updated:
Simplicity Creations Technologies Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Ilink Multitech Solutions 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 20 June 2013.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2013PTC147835. Its GSTIN is 27AAUCS1242F1Z8 (Maharashtra).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Ritesh Vithaldas Kapadia and Rushikesh Raghuraj Kulkarni.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 5th Floor M – Agile Baner Road, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2023, the company reported a revenue of ₹26.12 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net profit of ₹24.43 Lakh (net margin 93.5%) and EBITDA of ₹24.84 Lakh (EBITDA margin 95.1%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 34% over five years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Simplicity Creations. As per MCA filings, the company had satisfied charges of ₹18 Lakh on record.
The last known website on record is simplicity-creations.com.
Company details
Contact details
Simplicity Creations Technologies Private Limited's registered office is in Pune, Maharashtra. Its website is simplicity-creations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor M – Agile Baner Road, Pune, Maharashtra, India – 411045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Simplicity Creations Technologies 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
Simplicity Creations Technologies operates one associated brand: Simplicity Creations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT and digital marketing services are provided to clients. | simplicity-creations.com |
Financials of Simplicity Creations Technologies Private Limited
FY 2023 filings availableSimplicity Creations Technologies Private Limited reported revenue of ₹26.12 Lakh (down 81% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 81% fall in the latest year. EBITDA rose 162% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.12 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹24.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.43 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.1% | ||||
| Net Profit Margin | 93.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Simplicity Creations Technologies Private Limited, buy the company report.
Board of directors of Simplicity Creations Technologies Private Limited
Simplicity Creations Technologies has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Vithaldas Kapadia | Director | 20 Jun 2013 | 13 Years 4 Months | As last reported |
| Rushikesh Raghuraj Kulkarni | Director | 20 Jun 2013 | 13 Years 4 Months | As last reported |
| Kadayam Ramakrishna Iyer Sankaran Also directs: Dazeworks Technologies Private Limited, Fragma Data Systems Private Limited, Innowise Global Technology Private Limited and 2 more | Director | 29 May 2020 | 6 Years 5 Months | As last reported |
| Sankaran Sreebalaji Kadayan | Director | 04 Mar 2022 | 4 Years 8 Months | As last reported |
| Cheyyar Nageswaran Prasanna | Additional Director | 10 Apr 2023 | 3 Years 7 Months | As last reported |
Auditor
Simplicity Creations Technologies Private Limited is audited by Ray&Ray for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ray&Ray | FY 2023 | 301072E |
Shareholding
The shareholding of Simplicity Creations Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Simplicity Creations Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2017 | 100160802 | Yes Bank Limited | ₹18 Lakh | Satisfied |
To see the full charge records of Simplicity Creations Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Simplicity Creations Technologies 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 Simplicity Creations Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Simplicity Creations Technologies Private Limited has a workforce of 4 employees on its EPFO records as of Jul 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 4 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Simplicity Creations Technologies Private Limited, buy the company report.
GST
Simplicity Creations Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS1242F1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Simplicity Creations Technologies Private Limited, buy the company report.
Recent activity
Simplicity Creations Technologies Private Limited has 8 board changes on record since 2013: 5 appointments and 3 cessations. The latest: Cheyyar Nageswaran Prasanna was appointed as Additional Director on 10 Apr 2023.
1 earlier event is in the company report.
Frequently asked questions
Simplicity Creations Technologies 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.
Simplicity Creations Technologies was a private limited company based in Pune, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 20 June 2013 and is registered under CIN U72900PN2013PTC147835. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Simplicity Creations Technologies was incorporated on 20 June 2013. It is registered with the Registrar of Companies, Pune.
Simplicity Creations Technologies had 5 directors:
- Ritesh Vithaldas Kapadia - Director
- Rushikesh Raghuraj Kulkarni - Director
- Kadayam Ramakrishna Iyer Sankaran - Director
- Sankaran Sreebalaji Kadayan - Director
- Cheyyar Nageswaran Prasanna - Additional Director
The CIN (Corporate Identification Number) of Simplicity Creations Technologies is U72900PN2013PTC147835. 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 Simplicity Creations Technologies is at 5th Floor M – Agile Baner Road, Pune, Maharashtra, India – 411045.
Simplicity Creations Technologies can be reached through the website simplicity-creations.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Simplicity Creations Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Simplicity Creations Technologies is 27AAUCS1242F1Z8, registered in Maharashtra.
Simplicity Creations Technologies operated in the information technology industry, in the IT consulting and support services segment.
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