About Watsonite Systems Private Limited
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Watsonite Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106751. Its GSTIN is 29AACCW0828K1Z1 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Harish Mahadevaiah Kumar and Amita Anil Awasare.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 601 Brigade Rubix 20/53 6th Floor H.M.T Layout, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.41 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹4.48 Cr (net margin 17.6%) and EBITDA of ₹6.05 Cr (EBITDA margin 23.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 22% over five years.
The company has about 232 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website watsonite.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 601 Brigade Rubix 20/53 6th Floor H.M.T Layout, Bangalore, Karnataka, India – 560022
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Watsonite Systems Private Limited
The main business activity of Watsonite Systems is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | 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 Watsonite Systems Private Limited FY 2025 filings available
Watsonite Systems Private Limited reported revenue of ₹25.41 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Watsonite Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 6% growth in the latest year. EBITDA rose 66% 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 of Watsonite Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹6.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.48 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 of Watsonite Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.6% | •••• | •••• | •••• | •••• |
| 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 Watsonite Systems are in the company report.
Financial statements from FY 2018
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 Watsonite Systems Private Limited
Watsonite Systems Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tulsyan Security Services Private Limited | ₹25.51 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Indore, Madhya Pradesh, India |
| Acclime India Private Limited | ₹25.48 Cr (FY 2022) | •••• | •••• | 33.0% | •••• | New Delhi, Delhi, India |
| Shree Pashva Engineers Private Limited | ₹25.48 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Vadodara, Gujarat, India |
| Vegith HR Services Private Limited | ₹25.44 Cr (FY 2025) | •••• | •••• | 274.0% | •••• | Mumbai, Maharashtra, India |
| Aloklabour Private Limited | ₹25.42 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Nashik, Maharashtra, India |
| Watsonite Systems Private Limited this company | ₹25.41 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Al-Sama Personnel Solutions Private Limited | ₹25.41 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| Trukker Technologies Private Limited | ₹25.33 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Ahmedabad, Gujarat, India |
| MF Process & Solutions Private Limited | ₹25.28 Cr (FY 2021) | •••• | •••• | -38.0% | •••• | Kolkata, West Bengal, India |
| Sentinel Consultants Private Limited | ₹25.16 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | New Delhi, Delhi, India |
| Ar Industrial Management Services Private Limited | ₹25.14 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Watsonite Systems by revenue in the Outsourcing industry (HR Outsourcing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Watsonite Systems Private Limited
Watsonite Systems Private Limited is audited by Ananth Shravan & Co Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ananth Shravan & Co Chartered Accountants | 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 Watsonite Systems Private Limited
Watsonite Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Mahadevaiah Kumar | Director | 27 Sep 2017 | 9 Years 0 Months | Current |
| Amita Anil Awasare | Director | 27 Sep 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Watsonite Systems 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 Watsonite Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Dec 2021 | Standard Chartered Bank | ₹1.1 Cr | Open |
| 13 Mar 2019 | Standard Chartered Bank | ₹1.1 Cr | Open |
Total charge records: 2 View all charges
MSME Payment Delays by Watsonite Systems Private Limited
Watsonite Systems Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Selah Business Solutions Private Limited | •••• | •••• | •••• |
| Ananth Shravan & Co. | •••• | •••• | •••• |
| Iconsult Management Services Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Watsonite Systems Private Limited
Watsonite Systems Private Limited has a workforce of 232 employees as of Mar 30, 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 Watsonite Systems Private Limited
Watsonite Systems Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Amita Anil Awasare was appointed as Director on 27 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Watsonite 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.
Subsidiaries & Group Companies of Watsonite 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.
GST Compliance of Watsonite Systems Private Limited
Watsonite Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCW0828K1Z1 | Karnataka | Active | 29 Jan 2018 |
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 Watsonite 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.
Frequently Asked Questions about Watsonite Systems Private Limited
Watsonite Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 September 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106751.
Watsonite Systems reported revenue of ₹25.41 Cr for FY 2025 (up 6% YoY).
Watsonite Systems has 2 current directors:
- Harish Mahadevaiah Kumar - Director
- Amita Anil Awasare - Director
Watsonite Systems reported a net profit of ₹4.48 Cr (net margin 17.6%) and EBITDA of ₹6.05 Cr (EBITDA margin 23.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Watsonite Systems is -1% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Watsonite Systems is 29AACCW0828K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Watsonite Systems is U74999KA2017PTC106751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Watsonite Systems was incorporated on 27 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Watsonite Systems by revenue are Tulsyan Security Services Private Limited, Acclime India Private Limited, Shree Pashva Engineers Private Limited, Vegith HR Services Private Limited, Aloklabour Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Amita Anil Awasare was appointed as Director on 27 Sep 2017. Harish Mahadevaiah Kumar was appointed as Director on 27 Sep 2017.
Watsonite Systems has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Watsonite Systems can be reached through the website watsonite.com. Its registered office is in Bangalore, Karnataka, India.