About Tessact Private Limited
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Tessact Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC283592. Its GSTIN is 27AAFCT8326G1Z5 (Maharashtra).
The company has an authorised share capital of ₹25.5 Lakh and a paid-up capital of ₹1.27 Lakh. It is led by directors including Apurv Gandhwani and Manas Ranjan Mati.
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 Unit No – 1021 1 Aerocity Nibr Compound Safed Pool Saki Naka Andheri (East), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.57 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹4.4 Cr and EBITDA of -₹4.39 Cr. Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 12% over five years.
The company is associated with 1 brand: Tessact.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tessact.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No – 1021 1 Aerocity Nibr Compound Safed Pool Saki Naka Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands with Tessact Private Limited
Tessact operates one associated brand: Tessact. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered video editing and workflow automation solutions are provided. | tessact.ai |
Competitors & Alternatives of Tessact Private Limited
Brands and companies operating in the same space as Tessact Private Limited include Synthesia, HeyGen, Unscript and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Synthesia | AI-based dubbing and subtitling solutions are provided for video content. | London, United Kingdom | 2017 |
 HeyGen | AI-powered video creation platform | Los Angeles, United States | 2020 |
 Unscript | Videos are generated from scripts via AI algorithms. | Bengaluru, India | 2021 |
 Pika Labs | Developer of a platform for creating and interacting with digital art | Palo Alto, United States | 2023 |
 Elai.io | Videos from text are generated via AI-powered SaaS platform. | Burnaby, Canada | 2020 |
 Kapwing | Video creation and editing platform | San Francisco, United States | 2017 |
 Imaginario | AI and cloud-based text-to-video platform is offered for professionals. | London, United Kingdom | 2021 |
 Prins | AI-driven digital training is provided using blockchain for records. | Lakewood, United States | 2023 |
Business Activity of Tessact Private Limited
The main business activity of Tessact is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Tessact Private Limited
Tessact Private Limited is audited by L B JHA & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| L B JHA & 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 Tessact Private Limited
Tessact has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Balasaheb Thakur Also directs: Startupxseed Ventures LLP, Goldflock Ventures LLP, Startupxseed Capital Partners LLP and 5 more | Nominee Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Apurv Gandhwani | Director | 10 Feb 2017 | 9 Years 7 Months | Current |
| Manas Ranjan Mati | Director | 19 May 2023 | 3 Years 4 Months | Current |
Financials of Tessact Private Limited FY 2024 filings available
Tessact Private Limited reported revenue of ₹18.57 Lakh (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Tessact Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 83% fall in the latest year. EBITDA fell 262% 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 of Tessact Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.39 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.4 Cr | •••• | •••• | •••• | •••• |
| 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 Tessact Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Tessact are in the company report.
Financial statements from FY 2017
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 Tessact 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 Tessact Private Limited
Tessact Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Tessact Private Limited
Tessact Private Limited has a workforce of 0 employees as of Apr 06, 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 Tessact Private Limited
Tessact has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCT8326G1Z5 | Maharashtra | Active | 09 Oct 2017 |
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 Tessact 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 Tessact 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 Tessact 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 Tessact 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 Tessact Private Limited
Frequently Asked Questions about Tessact Private Limited
Tessact is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283592.
Tessact reported revenue of ₹18.57 Lakh for FY 2024 (down 83% YoY).
Tessact has 3 current directors:
- Ravi Balasaheb Thakur - Nominee Director
- Apurv Gandhwani - Director
- Manas Ranjan Mati - Director
Tessact reported a net loss of ₹4.4 Cr and EBITDA of -₹4.39 Cr for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tessact is -44% over three years and -12% over five years. In the latest year (FY 2024) revenue fell 83%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Tessact is 27AAFCT8326G1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Tessact is U74999MH2016PTC283592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tessact was incorporated on 13 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Tessact can be reached through the website tessact.com. Its registered office is in Mumbai, Maharashtra, India.