Smartsync Innovations Private Limited
About Smartsync Innovations Private Limited
Data last updated:
Smartsync Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 28 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74120KA2016PTC085600. Its GSTIN is 29AAYCS3149R1Z1 (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ankith Jain and Vishal Sahlot.
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 is at No.15 Sai Mansion 1st Cross J.C Road, Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2019, the company reported a revenue of ₹11.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹24.46 Lakh (net margin 2.1%) and EBITDA of ₹70.89 Lakh (EBITDA margin 6%).
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.15 Sai Mansion 1st Cross J.C Road, Bangalore, Karnataka, India – 560002
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Smartsync Innovations Private Limited
The main business activity of Smartsync Innovations is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Smartsync Innovations Private Limited
Smartsync Innovations Private Limited is audited by ROHIT SURANA & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ROHIT SURANA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Smartsync Innovations Private Limited
Smartsync Innovations has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Sahlot | Additional Director | 02 Nov 2020 | 5 Years 11 Months | Current |
| Ankith Jain Also directs: Stratos IT Solutions LLP | Director | 29 Aug 2018 | 8 Years 1 Months | Current |
Financials of Smartsync Innovations Private Limited FY 2019 filings available
Smartsync Innovations Private Limited reported revenue of ₹11.75 Cr (up 365677% YoY) for FY 2019.
Financial Statement Summary of Smartsync Innovations Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹11.75 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹70.89 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.46 Lakh | •••• | •••• | •••• |
| 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 of Smartsync Innovations Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6% | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Smartsync Innovations are in the company report.
Financial statements from FY 2016
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.
Ownership and Shareholding of Smartsync Innovations Private Limited
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 Smartsync Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2022 | Yes Bank Limited | ₹10 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Smartsync Innovations Private Limited
Smartsync Innovations Private Limited has a workforce of 14 employees as of Apr 07, 2024.
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.
GST Compliance of Smartsync Innovations Private Limited
Smartsync Innovations has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAYCS3149R1Z1 | Karnataka | Active | 30 Oct 2019 |
| 32AAYCS3149R1ZE | Kerala | Active | 10 Sep 2020 |
| 33AAYCS3149R1ZC | Tamil Nadu | Active | 29 Sep 2020 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Smartsync Innovations Private Limited
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 Smartsync Innovations Private Limited
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 Smartsync Innovations Private Limited
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.
MCA Filings & Documents of Smartsync Innovations Private Limited
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.
Recent Activity on Smartsync Innovations Private Limited
Frequently Asked Questions about Smartsync Innovations Private Limited
Smartsync Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 28 January 2016 (10+ years old) and is registered under CIN U74120KA2016PTC085600.
Smartsync Innovations reported revenue of ₹11.75 Cr for FY 2019 (up 365677% YoY).
Smartsync Innovations has 2 current directors:
- Vishal Sahlot - Additional Director
- Ankith Jain - Director
Smartsync Innovations reported a net profit of ₹24.46 Lakh (net margin 2.1%) and EBITDA of ₹70.89 Lakh (EBITDA margin 6%) for FY 2019, as per its filed financial statements.
The GSTIN of Smartsync Innovations is 29AAYCS3149R1Z1, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 32AAYCS3149R1ZE (Kerala), 33AAYCS3149R1ZC (Tamil Nadu).
The CIN (Corporate Identification Number) of Smartsync Innovations is U74120KA2016PTC085600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartsync Innovations was incorporated on 28 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The registered office of Smartsync Innovations is at No.15 Sai Mansion 1st Cross J.C Road, Bangalore, Karnataka, India – 560002.
Smartsync Innovations has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.