MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0053499
Timesol Facility Management Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹18.65 Cr
▲ 22% YoY
Net loss · FY 2023
₹66.53 Lakh
Net margin -3.6%
EBITDA · FY 2023
₹85.84 Lakh
EBITDA margin 4.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹30 Lakh
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
246
Provident fund records
About Timesol Facility Management Private Limited
Data last updated:
Timesol Facility Management Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 02 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2007PTC042340. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subba Rao Baskar and Nagendra Karri.
Its last annual general meeting (AGM) was held on 25 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹18.65 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹66.53 Lakh (net margin -3.6%) and EBITDA of ₹85.84 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 11% over five years.
The company has about 246 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Timesol. As per MCA filings, the company has open charges of ₹30 Lakh on record. Court records list 19 cases involving the company, including 19 filed against it; 7 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in November 2018.
Timesol Facility Management Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0053499). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website timesol.net.
Company details
CIN U72900KA2007PTC042340
Registration Number 042340
Incorporation Date 02 April 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 October 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0053499
Key People
Subba Rao Baskar Director Nagendra Karri Director Recognitions & Rankings of Timesol Facility Management
Contact details
Timesol Facility Management Private Limited's registered office is in Bangalore, Karnataka. Its website is timesol.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address304 Heritage Landmark 4th Floor, 1st Main Jakkasandra, Bangalore, Karnataka, India – 560034
- IndustryBusiness Outsourcing, Business & IT Consulting, HR Outsourcing & Talent Management
To see the full contact details of Timesol Facility Management Private Limited, buy the company report.
Comprehensive company report
Timesol Facility Management 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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Secure checkout · GST invoice included
Brands
Timesol Facility Management operates one associated brand: Timesol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Concierge, HR, and facility management services are provided. | timesol.net |
Business activity
The main business activity of Timesol Facility Management is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Timesol Facility Management Private Limited, buy the company report.
Financials of Timesol Facility Management Private Limited
FY 2023 filings availableTimesol Facility Management Private Limited reported revenue of ₹18.65 Cr (up 22% YoY) for FY 2023.
Revenue · FY 2023
₹18.65 Cr ▲ 22%
Net loss · FY 2023
₹66.53 Lakh margin -3.6%
EBITDA · FY 2023
₹85.84 Lakh margin 4.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▼ 3%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 2%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 22% growth in the latest year. EBITDA fell 23% 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 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹85.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.53 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | ||||
| Net Profit Margin | -3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Timesol Facility Management Private Limited, buy the company report.
Board of directors of Timesol Facility Management Private Limited
Timesol Facility Management 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 |
|---|---|---|---|---|
| Subba Rao Baskar Also directs: SKS Corporate Solutions Private Limited | Director | 02 Apr 2007 | 19 Years 7 Months | Current |
| Nagendra Karri | Director | 30 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Timesol Facility Management Private Limited is audited by Y K ANAND & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y K ANAND & Co | FY 2022 | 010962S |
Shareholding
The shareholding of Timesol Facility Management Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Timesol Facility Management Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Feb 2020 | 100355354 | Syndicate Bank | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Timesol Facility Management Private Limited has 1 deal on record (1 acquisition); the latest was in November 2018.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Acquisition | Undisclosed | Buyer: Superseva Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Timesol Facility Management Private Limited has 19 court cases on record: 19 filed against it. 7 cases are pending and 12 are disposed.
Total cases
19
Filed against the company
19
Pending
7
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 7 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Cholamandalam Investment and Finance Company Ltd. | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by R R Enterprises | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aditya Birla Finance Ltd | Disposed |
To see the full case history of Timesol Facility Management Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Timesol Facility Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Timesol Facility Management Private Limited has a workforce of 246 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
246
Active EPFO establishments
1
Employee growth
-51.76%
GST
Timesol Facility Management has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Timesol Facility Management Private Limited, buy the company report.
Recent activity
Timesol Facility Management Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Sunitha Bhaskar ceased to be Director on 20 Jun 2024.
Ceased
Sunitha Bhaskar ceased to be Director.
AGM
Timesol Facility Management Private Limited last Annual general meeting of members was held on 25 Oct 2023 as per latest MCA records.
Appointed
Nagendra Karri was appointed as Director.
Filing
Timesol Facility Management Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Syndicate Bank amounted to Rs. 30.00 Lakh with Charge ID 100355354 was registered on 29 Feb 2020.
Appointed
Subba Rao Baskar was appointed as Director.
Incorporation
02 Apr 2007
Timesol Facility Management Private Limited was registered on 02 Apr 2007 with Roc Bangalore & aged 19 years 7 months as per MCA records.
Frequently asked questions
Timesol Facility Management is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 02 April 2007 (19+ years old) and is registered under CIN U72900KA2007PTC042340.
Timesol Facility Management has 2 current directors:
- Subba Rao Baskar - Director
- Nagendra Karri - Director
The latest financial statements of Timesol Facility Management on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 October 2023. Year-wise statements from 2015 are in the company report.
No. Timesol Facility Management has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Timesol Facility Management is U72900KA2007PTC042340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Timesol Facility Management has 19 court cases on record: 19 filed against it. 7 are pending.
Timesol Facility Management was incorporated on 02 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Timesol Facility Management has 1 deal on record (1 acquisition); the latest was in November 2018.
Sunitha Bhaskar ceased to be Director on 20 Jun 2024. Nagendra Karri was appointed as Director on 30 Sep 2023. Subba Rao Baskar was appointed as Director on 02 Apr 2007.
Yes, Timesol Facility Management is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0053499).
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