Tangible Assist India Private Limited
About Tangible Assist India Private Limited
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Tangible Assist India Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Tangible Technology Pty Ltd. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74110PN2019FTC186113. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Pradip Pralhad Kolhe and Penelope Veronica Cottle.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 105 Impulse Residency Lane No. 14 Sathe Wasti Lohegaon, Pune, Maharashtra, India – 411047.
As per the financials filed for FY 2023, the company reported a revenue of ₹38.55 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹1.85 Lakh (net margin 4.8%) and EBITDA of ₹10.75 Lakh (EBITDA margin 27.9%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
Company details
Contact details
Tangible Assist India Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 105 Impulse Residency Lane No. 14 Sathe Wasti Lohegaon, Pune, Maharashtra, India – 411047
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Tangible Assist India 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 Tangible Assist India 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 Tangible Assist India Private Limited, buy the company report.
Financials of Tangible Assist India Private Limited
FY 2024 filings availableTangible Assist India Private Limited reported revenue of ₹38.55 Lakh (down 75% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 75% fall in the latest year. EBITDA fell 78% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹38.55 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹10.75 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.85 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 27.9% | |||
| Net Profit Margin | 4.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Tangible Assist India Private Limited, buy the company report.
Board of directors of Tangible Assist India Private Limited
Tangible Assist India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Pralhad Kolhe | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Penelope Veronica Cottle | Director | 16 Aug 2019 | 7 Years 2 Months | Current |
| Hayley Jane Morris | Director | 16 Aug 2019 | 7 Years 2 Months | Current |
Auditor
Tangible Assist India Private Limited is audited by Rastogi Jaimini and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rastogi Jaimini and Associates | FY 2023 | 033616C |
Shareholding
The shareholding of Tangible Assist India Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Tangible Assist India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Tangible Assist India 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 Tangible Assist India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tangible Assist India 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 Tangible Assist India Private Limited, buy the company report.
Recent activity
Tangible Assist India Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Pradip Pralhad Kolhe ceased to be Additional Director on 31 Aug 2022.
Frequently asked questions
Tangible Assist India is an active foreign 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 16 August 2019 (7+ years old) and is registered under CIN U74110PN2019FTC186113.
Tangible Assist India has 3 current directors:
- Pradip Pralhad Kolhe - Director
- Penelope Veronica Cottle - Director
- Hayley Jane Morris - Director
The latest financial statements of Tangible Assist India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
No. Tangible Assist India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Tangible Assist India is U74110PN2019FTC186113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tangible Assist India was incorporated on 16 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Pradip Pralhad Kolhe ceased to be Additional Director on 31 Aug 2022. Pradip Pralhad Kolhe was appointed as Director on 15 Jun 2022. Prasad Prakash Tharval ceased to be Director on 10 Jun 2022. Tangible Assist India has 5 board changes on record in total.
The registered office of Tangible Assist India is at B – 105 Impulse Residency Lane No. 14 Sathe Wasti Lohegaon, Pune, Maharashtra, India – 411047.
Tangible Assist India operates in the information technology industry, in the application development and software solutions segment.
Tangible Assist India can be reached at its registered office: B – 105 Impulse Residency Lane No. 14 Sathe Wasti Lohegaon, Pune, Maharashtra, India – 411047.
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