About Virtual Logic Systems Private Limited
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Virtual Logic Systems Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 January 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC038258. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.54 Cr. It was led by directors Sudarshan Ramachandraiah (Managing Director) and Surya Prakash Mysore Srinivasa Murthy.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No.571/1/2/3 2nd Floor East – Wing Krishna Kamala Uttarahalli, Bangalore, Karnataka, India – 560061.
As per the financials filed for FY 2017, the company reported a revenue of ₹83.44 Lakh, a growth of 56% compared to the previous year. For the same year it recorded a net loss of ₹40.17 Lakh (net margin -48.1%) and EBITDA of -₹11.05 Lakh (EBITDA margin -13.2%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company had about 41 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Virtual Logic Systems. As per MCA filings, the company had open charges of ₹2.5 Cr on record. Court records list 10 cases involving the company, including 10 filed against it. The company has 15 deals on record (13 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.89 Cr; the latest was in February 2015. Its 3 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 1 larger and 2 smaller; the largest is Tvisha Technologies Private Limited with revenue of ₹83.51 Lakh.
The last known website on record is virtuallogicsys.com.
Company details
Contact details
Virtual Logic Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is virtuallogicsys.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.571/1/2/3 2nd Floor East – Wing Krishna Kamala Uttarahalli, Bangalore, Karnataka, India – 560061
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Virtual Logic 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
Brands
Virtual Logic Systems operates one associated brand: Virtual Logic Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| VR solutions are developed for manufacturing and real estate sectors. | virtuallogicsys.com |
Business activity
The main business activity of Virtual Logic Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Virtual Logic Systems Private Limited, buy the company report.
Financials of Virtual Logic Systems Private Limited
FY 2017 filings availableVirtual Logic Systems Private Limited reported revenue of ₹83.44 Lakh (up 56% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 56% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 41%. EBITDA rose 96% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹83.44 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹11.05 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹40.17 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -13.2% | ||
| Net Profit Margin | -48.1% | ||
| 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 Virtual Logic Systems Private Limited, buy the company report.
Board of directors of Virtual Logic Systems Private Limited
Virtual Logic Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surya Prakash Mysore Srinivasa Murthy | Director | 16 Jan 2006 | 20 Years 9 Months | As last reported |
| Sudarshan Ramachandraiah Also directs: Agribridge India LLP | Managing Director | 16 Jan 2006 | 20 Years 9 Months | As last reported |
Peer comparison
Virtual Logic Systems Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tvisha Technologies Private Limited | ₹83.51 Lakh (FY 2025) | -68.0% | Hyderabad, Telangana, India | |||
| Virtual Logic Systems Private Limitedthis company | ₹83.44 Lakh (FY 2017) | -₹40.17 Lakh | -48.1% | 56.0% | Bangalore, Karnataka, India | |
| Digitised Renewables Energy Tech Private Limited | ₹83.17 Lakh (FY 2025) | 173.0% | Bangalore, Karnataka, India | |||
| Affosoft Technologies India Private Limited | ₹83.14 Lakh (FY 2024) | -32.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Virtual Logic Systems Private Limited, buy the company report.
Shareholding
The shareholding of Virtual Logic Systems Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Virtual Logic Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2012 | 10369504 | Technology Development Board | ₹2.5 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Virtual Logic Systems Private Limited has 15 deals on record (13 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.89 Cr; the latest was in February 2015.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Funding round | ₹3.6 Cr | Investors: Swarnim MultiVentures (Niraj Gelli Family Office), Amn Ventures Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2014 | Funding round | ₹3.99 Cr | Investors: 4 individuals |
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2009 | Funding round | ₹4.38 Cr | Investors: 4 individuals |
To see the full deal history of Virtual Logic Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Virtual Logic Systems Private Limited has 10 court cases on record: 10 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by Technology Development Board | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by Ms Technology Development Board | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by M/S Technology Development Board | Disposed |
To see the full case history of Virtual Logic 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 Virtual Logic Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virtual Logic Systems has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Virtual Logic Systems Private Limited, buy the company report.
Recent activity
Virtual Logic Systems Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Niraj Gelli ceased to be Nominee Director on 15 Mar 2017.
Frequently asked questions
Virtual Logic Systems has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Virtual Logic 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 16 January 2006 and is registered under CIN U72200KA2006PTC038258. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Virtual Logic Systems was incorporated on 16 January 2006. It is registered with the Registrar of Companies, Bangalore.
Virtual Logic Systems had 2 directors:
- Sudarshan Ramachandraiah - Managing Director
- Surya Prakash Mysore Srinivasa Murthy - Director
The CIN (Corporate Identification Number) of Virtual Logic Systems is U72200KA2006PTC038258. 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 Virtual Logic Systems is at No.571123 2nd Floor East – Wing Krishna Kamala Uttarahalli, Bangalore, Karnataka, India – 560061.
Virtual Logic Systems can be reached through the website virtuallogicsys.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Virtual Logic Systems on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Virtual Logic Systems has 4 GST registrations on record and all of them are cancelled or inactive.
Virtual Logic Systems operated in the information technology industry, in the application development and software solutions segment.
Virtual Logic Systems has 15 deals on record (13 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.89 Cr; the latest was in February 2015.