About TVS Next Private Limited
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TVS Next Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Tvs Next Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 14 May 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2008PTC067744. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Blisslogix Technology Solutions Private Limited. It was led by directors including Vinod Krishnan (Managing Director) and Meenakshisundaram Srinivasan.
Its last annual general meeting (AGM) was held on 12 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 7th Floor 98A Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.8 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹70.69 Lakh (net margin 4.5%) and EBITDA of ₹1.59 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years.
The company had about 242 employees on its provident fund (EPFO) records before it was dissolved.
The company has 1 deal on record (1 acquisition); the latest was in April 2016.
The last known website on record is tvsnext.io.
Company details
Contact details
TVS Next Private Limited's registered office is in Chennai, Tamil Nadu. Its website is tvsnext.io. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address7th Floor 98A Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of TVS Next 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 TVS Next is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of TVS Next Private Limited, buy the company report.
Financials of TVS Next Private Limited
FY 2018 filings availableTVS Next Private Limited reported revenue of ₹15.8 Cr (up 60% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 64% over three years, including 60% growth in the latest year. EBITDA rose 748% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹15.8 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.59 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹70.69 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 | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.1% | |||
| Net Profit Margin | 4.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick 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 TVS Next Private Limited, buy the company report.
Board of directors of TVS Next Private Limited
TVS Next has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Kumar Also directs: Sundram Non-Conventional Energy Systems Limited, Madurai Trans Carrier Limited, TVS Next Limited and 1 more | Additional Director | 14 Feb 2019 | 7 Years 8 Months | As last reported |
| Meenakshisundaram Srinivasan Also directs: DRSK Consulting and Advisory Services LLP, TVS Upasana Limited | Director | 11 Apr 2016 | 10 Years 6 Months | As last reported |
| Vinod Krishnan Also directs: TVS Next Limited | Managing Director | 11 Apr 2016 | 10 Years 6 Months | As last reported |
Auditor
TVS Next Private Limited is audited by SUNDARAM & SRINIVASAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNDARAM & SRINIVASAN | FY 2018 | 004207S |
Shareholding
The shareholding of TVS Next Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of TVS Next Private Limited, buy the company report.
Deals & funding
TVS Next Private Limited has 1 deal on record (1 acquisition); the latest was in April 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Acquisition | ₹3.92 Cr | Buyer: TVS Next Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving TVS Next 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 TVS Next Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
TVS Next Private Limited has a workforce of 242 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
TVS Next 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 TVS Next Private Limited, buy the company report.
Recent activity
TVS Next Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Dilip Kumar was appointed as Additional Director on 14 Feb 2019.
Frequently asked questions
TVS Next has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
TVS Next was a private limited company based in Chennai, Tamil Nadu, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 14 May 2008 and is registered under CIN U72200TN2008PTC067744. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
TVS Next was incorporated on 14 May 2008. It is registered with the Registrar of Companies, Chennai.
TVS Next had 3 directors:
- Vinod Krishnan - Managing Director
- Dilip Kumar - Additional Director
- Meenakshisundaram Srinivasan - Director
The CIN (Corporate Identification Number) of TVS Next is U72200TN2008PTC067744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of TVS Next is at 7th Floor 98A Dr. Radhakrishnan Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
TVS Next can be reached through the website tvsnext.io. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of TVS Next on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 12 July 2018. Year-wise statements from 2015 are in the company report.
No. TVS Next has 1 GST registration on record and it is cancelled or inactive.
TVS Next operated in the information technology industry, in the software development and support services segment.