Vit Systems Private Limited
About Vit Systems Private Limited
Data last updated:
Vit Systems Private Limited was a foreign 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 service-based operations segment of the business services sector. It was incorporated on 02 February 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017FTC099562.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors Tanushree Gupta and Arno De Wet Van Rooyen.
Its last annual general meeting (AGM) was held on 24 August 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 191 27th Main Road Second Floor Sector 2 Pwd Quarters Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2020, the company reported a revenue of ₹37.66 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Lakh (net margin 5.9%) and EBITDA of ₹2.96 Lakh (EBITDA margin 7.9%).
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- Registered Address191 27th Main Road Second Floor Sector 2 Pwd Quarters Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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 Vit Systems Private Limited
The main business activity of Vit Systems 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.
Board of Directors of Vit Systems Private Limited
Vit Systems 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 |
|---|---|---|---|---|
| Tanushree Gupta Also directs: Cfo Angle Advisory Services LLP, Cfo Angle Consultancy LLP, Raitu Nestam Trading and Exports LLP and 2 more | Director | 08 Oct 2020 | 5 Years 11 Months | As last reported |
| Arno De Wet Van Rooyen | Director | 02 Feb 2017 | 9 Years 8 Months | As last reported |
Financials of Vit Systems Private Limited FY 2020 filings available
Vit Systems Private Limited reported revenue of ₹37.66 Lakh (down 44% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Vit Systems Private Limited
Revenue fell 44% in the latest year. EBITDA fell 53% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Vit Systems Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| 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 | ₹2.96 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.21 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 of Vit Systems Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.9% | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• |
| 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 Vit Systems are in the company report.
Financial statements from FY 2017
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.
Charges & Borrowings of Vit Systems Private Limited
Vit Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Vit Systems Private Limited
Employment history and EPFO contributions of people linked to Vit Systems.
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.
GST Compliance of Vit Systems Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Vit Systems 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 Vit Systems 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 Vit Systems 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.
MCA Filings & Documents of Vit Systems 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.
Recent Activity on Vit Systems Private Limited
Frequently Asked Questions about Vit Systems Private Limited
Vit 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.
Vit Systems was a foreign private limited company based in Bangalore, Karnataka, India. The company worked in other services, within the business services industry. It was incorporated on 02 February 2017 and is registered under CIN U74999KA2017FTC099562. The company has been struck off by the Registrar of Companies and is no longer operational.
Vit Systems had 2 directors:
- Tanushree Gupta - Director
- Arno De Wet Van Rooyen - Director
The CIN (Corporate Identification Number) of Vit Systems is U74999KA2017FTC099562. 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 Vit Systems is at 191 27th Main Road Second Floor Sector 2 Pwd Quarters Hsr Layout, Bangalore, Karnataka, India – 560102.
Vit Systems was incorporated on 02 February 2017. It is registered with the Registrar of Companies, Bangalore.
Vit Systems reported revenue of ₹37.66 Lakh for FY 2020 (down 44% YoY).
Vit Systems has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh.
Vit Systems reported a net profit of ₹2.21 Lakh (net margin 5.9%) and EBITDA of ₹2.96 Lakh (EBITDA margin 7.9%) for FY 2020, as per its filed financial statements.