About Veriteam Software Solutions Private Limited
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Veriteam Software Solutions Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 11 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC036941. Its GSTIN is 29AACCV3291P1ZL (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Veriton Software Solutions Private Limited. It is led by directors Nazia Farzana and Atishsha.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No.267 I Floor Above Punjabnational Bank 16th Main 5th Cross Saraswathipuram, Mysore, Karnataka, India – 570009.
As per the financials filed for FY 2020, the company reported a revenue of ₹15.96 Lakh, a growth of 87% compared to the previous year. For the same year it recorded a net profit of ₹3.04 Lakh (net margin 19.1%) and EBITDA of ₹3.7 Lakh (EBITDA margin 23.2%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Vssit Company and Veriton Sotware Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veritonsoftware.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.267 I Floor Above Punjabnational Bank 16th Main 5th Cross Saraswathipuram, Mysore, Karnataka, India – 570009
- IndustryInformation Technology, Consultancy, Computer Programming
- 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
Business Activity of Veriteam Software Solutions Private Limited
The main business activity of Veriteam Software Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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.
Financials of Veriteam Software Solutions Private Limited FY 2021 filings available
Veriteam Software Solutions Private Limited reported revenue of ₹15.96 Lakh (up 87% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Veriteam Software Solutions Private Limited
Revenue rose 87% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. 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 Veriteam Software Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.04 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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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Veriteam Software Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.1% | •••• | •••• | •••• | •••• |
| 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 Veriteam Software 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 Veriteam Software Solutions Private Limited
Veriteam Software Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infinexa Solutions Private Limited | •••• | •••• | •••• | •••• | - | Marathahalli, Karnataka, India |
| Bliss Bee Technology (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Aartisto Digital Marketing Agency (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Visakhapatnam, Andhra Pradesh, India |
| Oas Information Systems Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Gahan Technologies Private Limited | •••• | •••• | •••• | •••• | - | Banashankari, 3Rd Stage, Karnataka, India |
| Veriteam Software Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Mysore, Karnataka, India |
| Q.S. Quality Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Exontric Systems Private Limited | •••• | •••• | •••• | •••• | - | Kolhapur, Maharashtra, India |
| Droop Enterprises Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Vmade Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Quthbullapur Mandal, Telangana, India |
| Ntlogictech Private Limited | •••• | •••• | •••• | •••• | - | Chennai City Corporation, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Veriteam Software Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Veriteam Software Solutions Private Limited
Veriteam Software Solutions Private Limited is audited by B S Ravikumar & Co. for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S Ravikumar & 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 Veriteam Software Solutions Private Limited
Veriteam Software Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nazia Farzana | Director | 28 Mar 2019 | 7 Years 6 Months | Current |
| Atishsha | Director | 20 Mar 2008 | 18 Years 6 Months | Current |
Ownership and Shareholding of Veriteam Software 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 Veriteam Software Solutions Private Limited
Veriteam Software Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Veriteam Software Solutions Private Limited
Veriteam Software Solutions operates two associated brands: Vssit Company and Veriton Sotware Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers application development, IT support, and digital marketing services. | vssitcompany.com | |
| Provides IT consulting services for technology strategy and implementation. | veritonsoftware.com |
Employees and EPFO Compliance at Veriteam Software Solutions Private Limited
Veriteam Software Solutions Private Limited has a workforce of 3 employees as of Apr 06, 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.
Recent Activity on Veriteam Software Solutions Private Limited
Veriteam Software Solutions Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Nazia Farzana was appointed as Director on 28 Mar 2019.
Credit Ratings, Litigation & Regulatory Alerts for Veriteam Software 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 Veriteam Software 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 Veriteam Software 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 Veriteam Software Solutions Private Limited
Veriteam Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV3291P1ZL | Karnataka | Active | 01 Jul 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.
MCA Filings & Documents of Veriteam Software 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 Veriteam Software Solutions Private Limited
Veriteam Software Solutions is an active private limited company based in Mysore, Karnataka, India. The company works in consultancy, within the information technology industry. It was incorporated on 11 August 2005 (21+ years old) and is registered under CIN U72200KA2005PTC036941.
Veriteam Software Solutions reported revenue of ₹15.96 Lakh for FY 2020 (up 87% YoY).
Veriteam Software Solutions has 2 current directors:
- Nazia Farzana - Director
- Atishsha - Director
Veriteam Software Solutions reported a net profit of ₹3.04 Lakh (net margin 19.1%) and EBITDA of ₹3.7 Lakh (EBITDA margin 23.2%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Veriteam Software Solutions is -4% over three years and -6% over five years. In the latest year (FY 2020) revenue rose 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Veriteam Software Solutions is 29AACCV3291P1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Veriteam Software Solutions is U72200KA2005PTC036941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veriteam Software Solutions was incorporated on 11 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Veriteam Software Solutions by revenue are Infinexa Solutions Private Limited, Bliss Bee Technology (OPC) Private Limited, Aartisto Digital Marketing Agency (OPC) Private Limited, Oas Information Systems Private Limited, Gahan Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Nazia Farzana was appointed as Director on 28 Mar 2019. Idris Ahmed ceased to be Director on 01 Nov 2016. Atishsha was appointed as Director on 20 Mar 2008. Veriteam Software Solutions has 4 board changes on record in total.
Veriteam Software Solutions can be reached through the website veritonsoftware.com. Its registered office is in Mysore, Karnataka, India.