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Taras IT Solutions and Services Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.04 Cr
▲ 127% YoY
Net profit · FY 2023
₹13.48 Lakh
Net margin 6.6%
EBITDA · FY 2023
₹27.69 Lakh
EBITDA margin 13.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Taras IT Solutions and Services Private Limited
Data last updated:
Taras IT Solutions and Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2019PTC133355. Its GSTIN is 33AAHCT6671Q1ZL (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors Vimala and Selvakumar Thandavan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at P. No. 86 Vaigai Street Santhosh Nagar Porur Ch.116, Chennai, Tamil Nadu, India – 600116.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.04 Cr, a growth of 127% compared to the previous year. For the same year it recorded a net profit of ₹13.48 Lakh (net margin 6.6%) and EBITDA of ₹27.69 Lakh (EBITDA margin 13.6%).
The company is associated with 1 brand: Taras Itss.
For more details, the company can be reached via its website tarasitss.com.
Company details
CIN U72900TN2019PTC133355
Registration Number 133355
Incorporation Date 23 December 2019
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Key People
Vimala Director Selvakumar Thandavan Director Recognitions & Rankings of Taras IT Solutions and Services
Contact details
Taras IT Solutions and Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is tarasitss.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP. No. 86 Vaigai Street Santhosh Nagar Porur Ch.116, Chennai, Tamil Nadu, India – 600116
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Taras IT Solutions and Services Private Limited, buy the company report.
Comprehensive company report
Taras IT Solutions and Services Private Limited - one report that includes everything
- 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
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Brands
Taras IT Solutions and Services operates one associated brand: Taras Itss. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive services in business intelligence, ERP, cybersecurity, DevOps, and software development. | tarasitss.com |
Business activity
The main business activity of Taras IT Solutions and Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Taras IT Solutions and Services Private Limited, buy the company report.
Financials of Taras IT Solutions and Services Private Limited
FY 2023 filings availableTaras IT Solutions and Services Private Limited reported revenue of ₹2.04 Cr (up 127% YoY) for FY 2023.
Revenue · FY 2023
₹2.04 Cr ▲ 127%
Net profit · FY 2023
₹13.48 Lakh margin 6.6%
EBITDA · FY 2023
₹27.69 Lakh margin 13.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 127%
EBITDA CAGR growth
1 year
▲ 453%
3 years · compounded
▲ 215%
Revenue rose 127% in the latest year. EBITDA rose 453% 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 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | ₹27.69 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹13.48 Lakh | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.6% | |||
| Net Profit Margin | 6.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Taras IT Solutions and Services Private Limited, buy the company report.
Board of directors of Taras IT Solutions and Services Private Limited
Taras IT Solutions and Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimala | Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Selvakumar Thandavan Also directs: Saas Connect Private Limited | Director | 23 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Taras IT Solutions and Services Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techon Dater Systems Private Limited | ₹2.04 Cr (FY 2025) | -1.0% | Pnb Bank, Udaipur, Rajasthan, India | |||
| Taras IT Solutions and Services Private Limitedthis company | ₹2.04 Cr (FY 2023) | ₹13.48 Lakh | 6.6% | 127.0% | Chennai, Tamil Nadu, India | |
| Threado Technologies Private Limited | ₹2.04 Cr (FY 2025) | -77.0% | Bangalore, Karnataka, India | |||
| Pictor Software Private Limited | ₹2.03 Cr (FY 2024) | 281.0% | Delhi, India |
To see the full peer comparison of Taras IT Solutions and Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Taras IT Solutions and Services 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 Taras IT Solutions and Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Taras IT Solutions and Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCT6671Q1ZL | Tamil Nadu | Active | 11 Jan 2020 |
To see the full GST registrations and return filing status of Taras IT Solutions and Services Private Limited, buy the company report.
Recent activity
Taras IT Solutions and Services Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Thamilvana Srividhya ceased to be Director on 17 Mar 2020.
AGM
Taras It Solutions And Services Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Taras It Solutions And Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Ceased
Thamilvana Srividhya ceased to be Director.
Appointed
Vimala was appointed as Director.
Appointed
Selvakumar Thandavan was appointed as Director.
Incorporation
23 Dec 2019
Taras It Solutions And Services Private Limited was registered on 23 Dec 2019 with Roc Chennai & aged 6 years 10 months as per MCA records.
Frequently asked questions
Taras IT Solutions and Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 December 2019 (7+ years old) and is registered under CIN U72900TN2019PTC133355.
Taras IT Solutions and Services has 2 current directors:
- Vimala - Director
- Selvakumar Thandavan - Director
The latest financial statements of Taras IT Solutions and Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Taras IT Solutions and Services is 33AAHCT6671Q1ZL, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Taras IT Solutions and Services is U72900TN2019PTC133355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Taras IT Solutions and Services was incorporated on 23 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Taras IT Solutions and Services by revenue are Techon Dater Systems Private Limited, Threado Technologies Private Limited, Pictor Software Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (other professional, scientific and technical activities).
Thamilvana Srividhya ceased to be Director on 17 Mar 2020. Vimala was appointed as Director on 17 Mar 2020. Selvakumar Thandavan was appointed as Director on 23 Dec 2019.
Yes, Taras IT Solutions and Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Taras IT Solutions and Services can be reached through the website tarasitss.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Taras IT Solutions and Services is at P. No. 86 Vaigai Street Santhosh Nagar Porur Ch.116, Chennai, Tamil Nadu, India – 600116.