About Syeta Technologies and Solutions Private Limited
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Syeta Technologies and Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 10 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC104520. Its GSTIN is 29AAYCS9265J1Z4 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Bramhanand Gangadhar Achar and Jaya Penagalur Lakshmi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Suite 1&2 5th Floor Ssr Arcade Site No. 2 Thubarahalli Varthur Road, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2022, the company reported a revenue of ₹17.05 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹9.13 Lakh (net margin -53.5%) and EBITDA of -₹7.01 Lakh (EBITDA margin -41.1%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website syeta.in.
Company details
Contact details
Syeta Technologies and Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is syeta.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSuite 1&2 5th Floor Ssr Arcade Site No. 2 Thubarahalli Varthur Road, Bangalore, Karnataka, India – 560066
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Syeta Technologies and 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 Syeta Technologies and Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Syeta Technologies and Solutions Private Limited, buy the company report.
Financials of Syeta Technologies and Solutions Private Limited
FY 2022 filings availableSyeta Technologies and Solutions Private Limited reported revenue of ₹17.05 Lakh (down 56% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over three years, including a 56% fall in the latest year. EBITDA fell 335% 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
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| EBITDA | -₹7.01 Lakh | ||||
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| Net Profit (PAT) | -₹9.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -41.1% | ||||
| Net Profit Margin | -53.5% | ||||
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To see the full financial statements and ratios of Syeta Technologies and Solutions Private Limited, buy the company report.
Board of directors of Syeta Technologies and Solutions Private Limited
Syeta Technologies and Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bramhanand Gangadhar Achar | Director | 22 Feb 2018 | 8 Years 8 Months | Current |
| Jaya Penagalur Lakshmi | Director | 10 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Syeta Technologies and Solutions Private Limited is audited by B M V & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B M V & ASSOCIATES | FY 2019 | 016468S |
Shareholding
The shareholding of Syeta Technologies and Solutions Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Syeta Technologies and Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Syeta Technologies and 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 Syeta Technologies and Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Syeta Technologies and Solutions Private Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Syeta Technologies and Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAYCS9265J1Z4 | Karnataka | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Syeta Technologies and Solutions Private Limited, buy the company report.
Recent activity
Syeta Technologies and Solutions Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Bramhanand Gangadhar Achar ceased to be Additional Director on 31 Dec 2018.
Frequently asked questions
Syeta Technologies and Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 10 July 2017 (9+ years old) and is registered under CIN U74999KA2017PTC104520.
Syeta Technologies and Solutions has 2 current directors:
- Bramhanand Gangadhar Achar - Director
- Jaya Penagalur Lakshmi - Director
The latest financial statements of Syeta Technologies and Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Syeta Technologies and Solutions is 29AAYCS9265J1Z4, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Syeta Technologies and Solutions is U74999KA2017PTC104520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syeta Technologies and Solutions was incorporated on 10 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Bramhanand Gangadhar Achar ceased to be Additional Director on 31 Dec 2018. Bramhanand Gangadhar Achar was appointed as Director on 22 Feb 2018. Vishalakshi Ningappa ceased to be Director on 22 Feb 2018. Syeta Technologies and Solutions has 4 board changes on record in total.
Syeta Technologies and Solutions can be reached through the website syeta.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Syeta Technologies and Solutions is at Suite 1&2 5th Floor Ssr Arcade Site No. 2 Thubarahalli Varthur Road, Bangalore, Karnataka, India – 560066.
Syeta Technologies and Solutions operates in the machinery and equipment industry, in the industrial tools and components segment.