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Versify Tech Solutions Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.19 Cr
▼ 28% YoY
Net loss · FY 2024
₹18.88 Lakh
Net margin -15.9%
EBITDA · FY 2024
-₹12.07 Lakh
EBITDA margin -10.2%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Versify Tech Solutions Private Limited
Data last updated:
Versify Tech Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Group Ten Corp and recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2017PTC117088. Its GSTIN is 33AAFCV9681E1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Jagannathan Srinivasan and Charles Raj.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No28 Vigneshwara Street Ganesh Nagar Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.19 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹18.88 Lakh (net margin -15.9%) and EBITDA of -₹12.07 Lakh (EBITDA margin -10.2%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 122% over five years.
The company is associated with 1 brand: Versify Apps.
Versify Tech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0122581). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website versifyapps.com.
Company details
CIN U72200TN2017PTC117088
Registration Number 117088
Incorporation Date 14 June 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Group Ten Corp
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0122581
Recognitions & Rankings of Versify Tech Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0122581
Contact details
Versify Tech Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is versifyapps.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo28 Vigneshwara Street Ganesh Nagar Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Versify Tech Solutions Private Limited, buy the company report.
Comprehensive company report
Versify Tech Solutions 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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Brands
Versify Tech Solutions operates one associated brand: Versify Apps. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based accounting management solutions for financial institutions and small businesses | versifyapps.com |
Business activity
The main business activity of Versify Tech Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Versify Tech Solutions Private Limited, buy the company report.
Financials of Versify Tech Solutions Private Limited
FY 2024 filings availableVersify Tech Solutions Private Limited reported revenue of ₹1.19 Cr (down 28% YoY) for FY 2024.
Revenue · FY 2024
₹1.19 Cr ▼ 28%
Net loss · FY 2024
₹18.88 Lakh margin -15.9%
EBITDA · FY 2024
-₹12.07 Lakh margin -10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▲ 36%
5 years · compounded
▲ 122%
EBITDA CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 14%
5 years · compounded
▲ 45%
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 122%. EBITDA rose 43% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹12.07 Lakh | ||||
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| Net Profit (PAT) | -₹18.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -10.2% | ||||
| Net Profit Margin | -15.9% | ||||
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To see the full financial statements and ratios of Versify Tech Solutions Private Limited, buy the company report.
Board of directors of Versify Tech Solutions Private Limited
Versify Tech Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagannathan Srinivasan Also directs: Symali Technologies (India) Private Limited, Group10 Technologies Private Limited, Promantus India Private Limited and 2 more | Director | 19 Nov 2018 | 7 Years 11 Months | Current |
| Charles Raj | Director | 14 Jun 2017 | 9 Years 4 Months | Current |
| Gautam Tarafdar Also directs: Promantus India Private Limited | Director | 19 Nov 2018 | 7 Years 11 Months | Current |
Auditor
Versify Tech Solutions Private Limited is audited by GOPALAIYER AND SUBRAMANIAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAIYER AND SUBRAMANIAN | FY 2020 | 000960S |
Shareholding
The shareholding of Versify Tech Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Versify Tech Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Versify Tech Solutions 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 Versify Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Versify Tech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCV9681E1Z2 | Tamil Nadu | Active | 24 Jul 2017 |
To see the full GST registrations and return filing status of Versify Tech Solutions Private Limited, buy the company report.
Recent activity
Versify Tech Solutions Private Limited has 7 board changes on record since 2017: 3 appointments and 4 cessations. The latest: Gautam Tarafdar ceased to be Additional Director on 30 Sep 2019.
AGM
Versify Tech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Versify Tech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Gautam Tarafdar ceased to be Additional Director.
Ceased
Jagannathan Srinivasan ceased to be Additional Director.
Appointed
Gautam Tarafdar was appointed as Director.
Appointed
Jagannathan Srinivasan was appointed as Director.
Ceased
Tanusha Joan ceased to be Director.
Ceased
Bharath Eeswar ceased to be Director.
Appointed
Charles Raj was appointed as Director.
Incorporation
14 Jun 2017
Versify Tech Solutions Private Limited was registered on 14 Jun 2017 with Roc Chennai & aged 9 years 4 months as per MCA records.
Frequently asked questions
Versify Tech Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 June 2017 (9+ years old) and is registered under CIN U72200TN2017PTC117088.
Versify Tech Solutions has 3 current directors:
- Jagannathan Srinivasan - Director
- Charles Raj - Director
- Gautam Tarafdar - Director
The latest financial statements of Versify Tech Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Versify Tech Solutions is 33AAFCV9681E1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Versify Tech Solutions is U72200TN2017PTC117088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Versify Tech Solutions was incorporated on 14 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Gautam Tarafdar ceased to be Additional Director on 30 Sep 2019. Jagannathan Srinivasan ceased to be Additional Director on 30 Sep 2019. Gautam Tarafdar was appointed as Director on 19 Nov 2018. Versify Tech Solutions has 7 board changes on record in total.
Yes, Versify Tech Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Versify Tech Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0122581).
Versify Tech Solutions can be reached through the website versifyapps.com. Its registered office is in Chennai, Tamil Nadu, India.