Veract Systems Private Limited

Veract Systems Private Limited - information technology in Bangalore, Karnataka, India. Directors, charges & compliance details.
CIN U72900KA2017PTC107910 Incorporated 15 November 2017 ROC Bangalore HQ Bangalore, Karnataka, India
Struck Off Private Limited Company information technology DPIIT Startup
Revenue · FY 2021
₹1.6 Lakh
Latest filing
Net loss · FY 2021
₹1.8 Lakh
Net margin -112.3%
EBITDA · FY 2021
-₹1.8 Lakh
EBITDA margin -112.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹70,000
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
GST registrations
1
None active

About Veract Systems Private Limited

Data last updated:

Veract Systems Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 15 November 2017.

The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC107910. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹70,000. It was led by directors Asha Abhay Pawar and Bharadwaj Raghuraman.

Its last annual general meeting (AGM) was held on 02 May 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 1226 A Block 18th Main 22nd Cross Sahakara Nagar, Bangalore, Karnataka, India – 560092.

As per the financials filed for FY 2021, the company reported a revenue of ₹1.6 Lakh. For the same year it recorded a net loss of ₹1.8 Lakh (net margin -112.3%) and EBITDA of -₹1.8 Lakh (EBITDA margin -112.3%).

Company details

CIN U72900KA2017PTC107910
Registration Number 107910
Incorporation Date 15 November 2017
ROC Bangalore
Listing Status Unlisted
Company Status Struck Off
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Asha Abhay Pawar Director Bharadwaj Raghuraman Director

Recognitions & Rankings of Veract Systems

DPIIT recognised startup Government of India
Startup India

Contact details

Veract Systems Private Limited's registered office is in Bangalore, Karnataka.

  • Registered Address
    1226 A Block 18th Main 22nd Cross Sahakara Nagar, Bangalore, Karnataka, India – 560092
  • Industry
    Information Technology, Other Computer Related Activities
Comprehensive company report
Veract Systems 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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Financials of Veract Systems Private Limited

FY 2021 filings available

Veract Systems Private Limited reported revenue of ₹1.6 Lakh for FY 2021.

Revenue · FY 2021
₹1.6 Lakh
Net loss · FY 2021
₹1.8 Lakh margin -112.3%
EBITDA · FY 2021
-₹1.8 Lakh margin -112.3%

Financial Statement Summary

MetricsFY 2020-21FY 2019-20FY 2018-19FY 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-₹1.8 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.8 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin-112.3%
Net Profit Margin-112.3%
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

To see the full financial statements and ratios of Veract Systems Private Limited, buy the company report.

Board of directors of Veract Systems Private Limited

Veract Systems has 2 directors on record. No former directors are listed.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Asha Abhay Pawar
Also directs: Atomeight Systems Private Limited
Director15 Nov 20178 Years 11 MonthsAs last reported
Bharadwaj RaghuramanDirector15 Nov 20178 Years 11 MonthsAs last reported
View all directors

MSME payment delays

No delayed payments to MSME suppliers are on our record for Veract Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Veract Systems 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 Veract Systems Private Limited, buy the company report.

Recent activity

Veract Systems Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Asha Abhay Pawar was appointed as Director on 15 Nov 2017.

AGM
Veract Systems Private Limited last Annual general meeting of members was held on 02 May 2022 as per latest MCA records.
Filing
Veract Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Appointed
Asha Abhay Pawar was appointed as Director.
Appointed
Bharadwaj Raghuraman was appointed as Director.
Incorporation
15 Nov 2017
Veract Systems Private Limited was registered on 15 Nov 2017 with Roc Bangalore & aged 8 years 11 months as per MCA records.

Frequently asked questions

Veract Systems has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.

Veract Systems was a private limited company based in Bangalore, Karnataka, India. The company worked in other computer related activities, within the information technology industry. It was incorporated on 15 November 2017 and is registered under CIN U72900KA2017PTC107910. The company has been struck off by the Registrar of Companies and is no longer operational.

Veract Systems had 2 directors:

The CIN (Corporate Identification Number) of Veract Systems is U72900KA2017PTC107910. 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 Veract Systems is at 1226 A Block 18th Main 22nd Cross Sahakara Nagar, Bangalore, Karnataka, India – 560092.

Veract Systems was incorporated on 15 November 2017. It is registered with the Registrar of Companies, Bangalore.

Yes, Veract Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

The latest financial statements of Veract Systems on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 02 May 2022. Year-wise statements from FY 2018 are in the company report.

No. Veract Systems has 1 GST registration on record and it is cancelled or inactive.

Veract Systems operated in the information technology industry, in the other computer related activities segment. It worked in this industry before it was struck off.