About Velaga Soft Solutions Private Limited
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Velaga Soft Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2012PTC079881. Its GSTIN is 36AAECV0074C2ZN (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Suresh Kakinada and Venkateswara Rao Velaga.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹10,023, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹30.91 Lakh and EBITDA of -₹15.87 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 73% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velagasoft.com.
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- Registered Address# Flat No.102 Image Enclave Opposite To Bachpan School Silicon Valley Line Hi, Tech City, Hyderabad, Telangana, India – 500081
- 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
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Financials of Velaga Soft Solutions Private Limited FY 2022 filings available
Velaga Soft Solutions Private Limited reported revenue of ₹10,023 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Velaga Soft Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 73% over five years. EBITDA rose 63% 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 Velaga Soft Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | -₹15.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹30.91 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 | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Velaga Soft Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 Velaga Soft 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.
Peer Comparison of Velaga Soft Solutions Private Limited
Velaga Soft Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Three Connect International Skills Private Limited | ₹10,398 (FY 2025) | •••• | •••• | -99.0% | •••• | Gurgaon, Haryana, India |
| Chelsea Consultants Private Limited | ₹10,350 (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mateshwari Investment Advisory Private Limited | ₹10,275 (FY 2022) | •••• | •••• | -100.0% | •••• | Kolkata, West Bengal, India |
| JMV Technosol Private Limited | ₹10,112 (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Robo360 Technoswipe Private Limited | ₹10,110 (FY 2024) | •••• | •••• | -86.0% | •••• | Allahabad, Uttar Pradesh, India |
| Velaga Soft Solutions Private Limited this company | ₹10,023 (FY 2022) | •••• | •••• | -100.0% | •••• | Hyderabad, Telangana, India |
| Ifcon Services Private Limited | ₹10,000 (FY 2024) | •••• | •••• | -100.0% | •••• | Ahmedabad, Gujarat, India |
| Kompass Career Solutions Private Limited | ₹10,000 (FY 2024) | •••• | •••• | -60.0% | •••• | Mumbai, Maharashtra, India |
| First Hand Staffing Solutions Private Limited | ₹10,000 (FY 2025) | •••• | •••• | •••• | Vijayawada, Andhra Pradesh, India | |
| Mysungrass Private Limited | ₹10,000 (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Niib Foundation | ₹10,000 (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Velaga Soft Solutions by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Velaga Soft Solutions Private Limited
Velaga Soft Solutions Private Limited is audited by JVB & ASSOCITES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JVB & ASSOCITES | 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 Velaga Soft Solutions Private Limited
Velaga Soft Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kakinada Also directs: Top One Infra Private Limited, Applied Synergy Technologies Private Limited, Analytic Software Solutions Private Limited and 1 more | Director | 04 Jan 2019 | 7 Years 9 Months | Current |
| Venkateswara Rao Velaga | Director | 21 Apr 2016 | 10 Years 5 Months | Current |
Ownership and Shareholding of Velaga Soft 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 Velaga Soft Solutions Private Limited
Velaga Soft Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Velaga Soft Solutions Private Limited
Velaga Soft Solutions Private Limited has a workforce of 10 employees as of Mar 27, 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.
CIN History of Velaga Soft Solutions Private Limited
Velaga Soft Solutions has one previous CIN (Corporate Identification Number): U72900AP2012PTC079881. The current CIN is U72900TG2012PTC079881, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TG2012PTC079881 | Current |
| U72900AP2012PTC079881 | Previous |
Recent Activity on Velaga Soft Solutions Private Limited
Velaga Soft Solutions Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Narendra Somara ceased to be Director on 04 Jan 2019.
Credit Ratings, Litigation & Regulatory Alerts for Velaga Soft 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 Velaga Soft 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 Velaga Soft 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.
GST Compliance of Velaga Soft Solutions Private Limited
Velaga Soft Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECV0074C2ZN | Telangana | Active | 27 Sep 2018 |
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.
MCA Filings & Documents of Velaga Soft 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.
Frequently Asked Questions about Velaga Soft Solutions Private Limited
Velaga Soft Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 March 2012 (14+ years old) and is registered under CIN U72900TG2012PTC079881.
Velaga Soft Solutions reported revenue of ₹10,023 for FY 2022 (down 100% YoY).
Velaga Soft Solutions has 2 current directors:
- Suresh Kakinada - Director
- Venkateswara Rao Velaga - Director
Velaga Soft Solutions reported a net loss of ₹30.91 Lakh and EBITDA of -₹15.87 Lakh for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velaga Soft Solutions is -90% over three years and -73% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Velaga Soft Solutions is 36AAECV0074C2ZN, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Velaga Soft Solutions is U72900TG2012PTC079881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velaga Soft Solutions was incorporated on 20 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Velaga Soft Solutions by revenue are Three Connect International Skills Private Limited, Chelsea Consultants Private Limited, Mateshwari Investment Advisory Private Limited, JMV Technosol Private Limited, Robo360 Technoswipe Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Narendra Somara ceased to be Director on 04 Jan 2019. Suresh Kakinada was appointed as Director on 04 Jan 2019. Naresh Velaga ceased to be Director on 09 Mar 2018. Velaga Soft Solutions has 8 board changes on record in total.
Velaga Soft Solutions can be reached through the website velagasoft.com. Its registered office is in Hyderabad, Telangana, India.