About Virident Systems Private Limited
Data last updated:
Virident Systems Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 January 2007.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC041364. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.19 Lakh. It was led by directors including Sriram Rupanagunta and Foo Jon Hui Amanda.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Second Floor North Wing Hulkul Brigade Centre #82 Lavelle Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2016, the company reported a revenue of ₹60.74 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹5.52 Cr (net margin 9.1%) and EBITDA of ₹11.59 Cr (EBITDA margin 19.1%).
The company had about 73 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2015. Its 9 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 5 larger and 4 smaller; the largest is Bluewater Trade Winds Private Limited with revenue of ₹61.21 Cr.
The last known website on record is westerndigital.com.
Company details
Contact details
Virident Systems Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressSecond Floor North Wing Hulkul Brigade Centre #82 Lavelle Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Virident Systems Private Limited, buy the company report.
- 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
Business activity
The main business activity of Virident Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Virident Systems Private Limited, buy the company report.
Financials of Virident Systems Private Limited
FY 2016 filings availableVirident Systems Private Limited reported revenue of ₹60.74 Cr (up 41% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 41% in the latest year. EBITDA rose 49% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹60.74 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹11.59 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹5.52 Cr | |
| 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 19.1% | |
| Net Profit Margin | 9.1% | |
| 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 | ||
To see the full financial statements and ratios of Virident Systems Private Limited, buy the company report.
Board of directors of Virident Systems Private Limited
Virident Systems has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriram Rupanagunta Also directs: Aarna Networks LLP, Aarna Networks India Private Limited | Director | 31 Mar 2014 | 12 Years 6 Months | As last reported |
| Nayanaraja Varadaraju Naidu | Additional Director | 31 Dec 2016 | 9 Years 9 Months | As last reported |
| Foo Jon Hui Amanda | Director | 29 Apr 2016 | 10 Years 5 Months | As last reported |
Peer comparison
Virident Systems Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bluewater Trade Winds Private Limited | ₹61.21 Cr (FY 2025) | 58.0% | Dehradun, Uttarakhand, India | |||
| Tech 4 Logic Private Limited | ₹61.17 Cr (FY 2024) | 17.0% | Navi Mumbai, Maharashtra, India | |||
| Geoservices Maritime Private Limited | ₹61.05 Cr (FY 2025) | 83.0% | Panvel, Maharashtra, India | |||
| Mycom Osi Solutions India Private Limited | ₹60.87 Cr (FY 2024) | 3.0% | Gurgaon, Haryana, India | |||
| Maverick Power Solutions Private Limited | ₹60.82 Cr (FY 2025) | 42.0% | New Delhi, Delhi, India | |||
| Virident Systems Private Limitedthis company | ₹60.74 Cr (FY 2016) | ₹5.52 Cr | 9.1% | 41.0% | 73 | Bangalore, Karnataka, India |
| Converge Biotech Private Limited | ₹60.73 Cr (FY 2024) | -6.0% | Hyderabad, Telangana, India | |||
| Linxon India Engineering Private Limited | ₹60.66 Cr (FY 2025) | 90.0% | Chennai, Tamil Nadu, India | |||
| Hexagon Geosystems Services India Private Limited | ₹60.47 Cr (FY 2025) | 6.0% | Gurugram, Haryana, India | |||
| Diagnosearch Life Sciences Private Limited. | ₹60.46 Cr (FY 2025) | 0.0% | Thane, Maharashtra, India |
To see the full peer comparison of Virident Systems Private Limited, buy the company report.
Auditor
Virident Systems Private Limited is audited by B S R & ASSOCIATES LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & ASSOCIATES LLP | FY 2016 | 116231W |
Shareholding
The shareholding of Virident Systems Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Virident Systems Private Limited, buy the company report.
Deals & funding
Virident Systems Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Hgst Technologies Santa Ana. Inc Seller: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Virident Systems Inc, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Virident Systems Private Limited has 2 court cases on record: 2 filed by Virident Systems. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (COP) | Filed by the company against an individual | Disposed |
To see the full case history of Virident Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Virident Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Virident Systems Private Limited has a workforce of 73 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Virident Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Virident Systems Private Limited, buy the company report.
Recent activity
Virident Systems Private Limited has 15 board changes on record since 2009: 3 appointments and 12 cessations. The latest: Nayanaraja Varadaraju Naidu ceased to be Alternate Director on 17 Mar 2017.
6 earlier events are in the company report.
Frequently asked questions
Virident Systems has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Virident Systems was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 03 January 2007 and is registered under CIN U72200KA2007PTC041364. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Virident Systems was incorporated on 03 January 2007. It is registered with the Registrar of Companies, Bangalore.
Virident Systems had 3 directors:
- Sriram Rupanagunta - Director
- Nayanaraja Varadaraju Naidu - Additional Director
- Foo Jon Hui Amanda - Director
The CIN (Corporate Identification Number) of Virident Systems is U72200KA2007PTC041364. 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 Virident Systems is at Second Floor North Wing Hulkul Brigade Centre #82 Lavelle Road, Bangalore, Karnataka, India – 560001.
Virident Systems can be reached through the website westerndigital.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Virident Systems on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
No. Virident Systems has 1 GST registration on record and it is cancelled or inactive.
Virident Systems operated in the information technology industry, in the application development and software solutions segment.
Virident Systems has 2 deals on record (2 secondary share transfers); the latest was in September 2015.