About Veersoft Solutions Private Limited
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Veersoft Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software segment of the printing and publishing sector. It was incorporated on 10 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2009PTC050361. Its GSTIN is 29AADCV1131D1ZQ (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jyothi Aswath Satrasala and Aswath Narayana Satrasala.
Its last annual general meeting (AGM) was held on 20 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 4/G1 Ganga Chelston Behind Bageecha Restaurant Munnekolala Marathahalli, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2021, the company reported a revenue of ₹70,362, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -181.3%) and EBITDA of -₹54,093 (EBITDA margin -76.9%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 37% over five years.
The company is associated with 4 brands: AccountingGuru, GainERP, Veersoft Solutions and ServiceFolder.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veersoftsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address4/G1 Ganga Chelston Behind Bageecha Restaurant Munnekolala Marathahalli, Bangalore, Karnataka, India – 560037
- IndustryPrinting & Publishing, Software, Games, Publishing, Application Software, System Software
- 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 Veersoft Solutions Private Limited
Veersoft Solutions operates multiple associated brands including AccountingGuru, GainERP, and Veersoft Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based software for accounting, inventory management, and billing solutions. | accounting-guru.net | |
| Cloud software for accounting, inventory, and order management solutions. | gainerp.com | |
| Delivers comprehensive ERP services to optimize business processes. | veersoftsolutions.com | |
| Provides a cloud-based platform for workforce management. | servicefolder.com |
Competitors & Alternatives of Veersoft Solutions Private Limited
Brands and companies operating in the same space as Veersoft Solutions Private Limited include The Access Group, BlackLine, Happiest Minds and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 The Access Group | Cloud-based ERP software is offered for multiple industries. | Loughborough, United Kingdom | 1991 |
 BlackLine | AI-based accounting processes are automated for businesses. | Los Angeles, United States | 2001 |
 Happiest Minds | IT outsourcing services are delivered across multiple business lines. | Bengaluru, India | 2011 |
 WorkJam | Hourly workforce schedules and communications are managed via software. | Montreal, Canada | 2014 |
 Sage Group | Cloud-based accounting and payroll solutions for small and medium businesses | United States | 1981 |
 Mavenir | Multi-access edge networking computing platform is provided for mobile services. | Richardson, United States | 2005 |
 1&1 IONOS | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | Chesterbrook, United States | 1988 |
 Acumatica | Cloud-based ERP software is offered for small and medium enterprises. | Kirkland, United States | 2008 |
 Datamatics | Cloud-based text analytics and cognitive automation services are provided. | Mumbai, India | 1975 |
 Digits | SMS-based customer authentication and verification services are provided across platforms. | San Francisco, United States | 1995 |
Business Activity of Veersoft Solutions Private Limited
The main business activity of Veersoft Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Veersoft Solutions Private Limited
Veersoft Solutions Private Limited is audited by K G RAO AND CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K G RAO AND 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 Veersoft Solutions Private Limited
Veersoft Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyothi Aswath Satrasala | Director | 10 Jul 2009 | 17 Years 2 Months | Current |
| Aswath Narayana Satrasala | Director | 10 Jul 2009 | 17 Years 2 Months | Current |
Financials of Veersoft Solutions Private Limited FY 2021 filings available
Veersoft Solutions Private Limited reported revenue of ₹70,362 (down 46% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Veersoft Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 46% fall in the latest year. EBITDA rose 90% 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 Veersoft Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹54,093 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.28 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Veersoft Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -76.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -181.3% | •••• | •••• | •••• | •••• |
| 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 Veersoft Solutions are in the company report.
Financial statements from 2015
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 Veersoft Solutions 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 Veersoft Solutions Private Limited
Veersoft Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Veersoft Solutions Private Limited
Employment history and EPFO contributions of people linked to Veersoft Solutions.
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 Veersoft Solutions Private Limited
Veersoft Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV1131D1ZQ | Karnataka | Active | 01 Sep 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 Veersoft Solutions 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 Veersoft Solutions 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 Veersoft Solutions 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 Veersoft Solutions 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 Veersoft Solutions Private Limited
Frequently Asked Questions about Veersoft Solutions Private Limited
Veersoft Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software, within the printing and publishing industry. It was incorporated on 10 July 2009 (17+ years old) and is registered under CIN U74140KA2009PTC050361.
Veersoft Solutions reported revenue of ₹70,362 for FY 2021 (down 46% YoY).
Veersoft Solutions has 2 current directors:
- Jyothi Aswath Satrasala - Director
- Aswath Narayana Satrasala - Director
Veersoft Solutions reported a net loss of ₹1.28 Lakh (net margin -181.3%) and EBITDA of -₹54,093 (EBITDA margin -76.9%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Veersoft Solutions is -55% over three years and -37% over five years. In the latest year (FY 2021) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Veersoft Solutions is 29AADCV1131D1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Veersoft Solutions is U74140KA2009PTC050361. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veersoft Solutions was incorporated on 10 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Veersoft Solutions can be reached through the website veersoftsolutions.com. Its registered office is in Bangalore, Karnataka, India.