About Whyflex Technologies Private Limited
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Whyflex Technologies Private Limited was a 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 HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 18 February 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2016PTC086293. Its GSTIN is 29AABCW7741A1ZD (Karnataka).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Prashant Ramesh Pawar and Anil Krishna Bhat.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.97 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹23.09 Lakh (net margin 11.7%) and EBITDA of ₹48.66 Lakh (EBITDA margin 24.7%).
As per MCA filings, the company had satisfied charges of ₹60 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is whyflexhcs.com.
Company details
Contact details
Whyflex Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is whyflexhcs.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFourthfloor Unitno402 Timespointplotno.30 Bbmpno149 Daddanakundi2Ndphase Krpu, Ram Hubli, Bangalore, Karnataka, India – 560048
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
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- 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 Whyflex Technologies is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Whyflex Technologies Private Limited, buy the company report.
Financials of Whyflex Technologies Private Limited
FY 2019 filings availableWhyflex Technologies Private Limited reported revenue of ₹1.97 Cr (up 48% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year. EBITDA rose 123% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.97 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹48.66 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹23.09 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 24.7% | |||
| Net Profit Margin | 11.7% | |||
| 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 Whyflex Technologies Private Limited, buy the company report.
Board of directors of Whyflex Technologies Private Limited
Whyflex Technologies 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 |
|---|---|---|---|---|
| Prashant Ramesh Pawar Also directs: Shubhrpragati Foundation | Additional Director | 17 Nov 2022 | 3 Years 11 Months | As last reported |
| Anil Krishna Bhat | Additional Director | 27 Aug 2018 | 8 Years 2 Months | As last reported |
Auditor
Whyflex Technologies Private Limited is audited by A P PRADEEP & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P PRADEEP & CO | FY 2019 | 011371S |
Shareholding
The shareholding of Whyflex Technologies Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Whyflex Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2016 | 100090714 | Canara Bank | ₹60 Lakh | Satisfied |
To see the full charge records of Whyflex Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Whyflex Technologies Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by RST Semiconductors Private Limited | Disposed |
To see the full case history of Whyflex Technologies 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 Whyflex Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Whyflex Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW7741A1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Whyflex Technologies Private Limited, buy the company report.
Recent activity
Whyflex Technologies Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Mallikarjun Matmari ceased to be Director on 17 Nov 2022.
Frequently asked questions
Whyflex Technologies 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.
Whyflex Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 18 February 2016 and is registered under CIN U74900KA2016PTC086293. The company has been struck off by the Registrar of Companies and is no longer operational.
Whyflex Technologies had 2 directors:
- Prashant Ramesh Pawar - Additional Director
- Anil Krishna Bhat - Additional Director
The CIN (Corporate Identification Number) of Whyflex Technologies is U74900KA2016PTC086293. 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 Whyflex Technologies is at Fourthfloor Unitno402 Timespointplotno.30 Bbmpno149 Daddanakundi2Ndphase Krpu, Ram Hubli, Bangalore, Karnataka, India – 560048.
Whyflex Technologies was incorporated on 18 February 2016. It is registered with the Registrar of Companies, Bangalore.
Whyflex Technologies can be reached through the website whyflexhcs.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Whyflex Technologies on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Whyflex Technologies is 29AABCW7741A1ZD, registered in Karnataka.
Whyflex Technologies operated in the business outsourcing industry, in the HR outsourcing and talent management segment. It worked in this industry before it was struck off.
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