Witesand Systems India Private Limited
About Witesand Systems India Private Limited
Data last updated:
Witesand Systems India Private Limited was a foreign private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Witesand Systems Inc, Usa. 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 software development and support services segment of the technology and IT services sector. It was incorporated on 19 May 2020.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC134178. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Muthukumar Muthumavadi and Ramakrishna Ravikumar.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 1578 11th Main 4th Block Jayanagar, Bangalore, Karnataka, India – 560011.
The company had about 7 employees on its provident fund (EPFO) records before it was struck off.
Company details
Contact details
Witesand Systems India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1578 11th Main 4th Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Witesand Systems India 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
Financials of Witesand Systems India Private Limited
FY 2024 filings availableWitesand Systems India Private Limited reported revenue of ₹5,700 (down 99% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 93% over three years, including a 99% fall 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 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 | ||||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Witesand Systems India Private Limited, buy the company report.
Board of directors of Witesand Systems India Private Limited
Witesand Systems India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthukumar Muthumavadi Also directs: Ankeena Networks Private Limited | Director | 16 Dec 2021 | 4 Years 10 Months | As last reported |
| Ramakrishna Ravikumar Also directs: Ankeena Networks Private Limited | Director | 16 Dec 2021 | 4 Years 10 Months | As last reported |
Peer comparison
Witesand Systems India 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 |
|---|---|---|---|---|---|---|
| Value Soft Solutions Private Limited | ₹6,070 (FY 2025) | -99.0% | Bangalore, Karnataka, India | |||
| Witesand Systems India Private Limitedthis company | ₹5,700 (FY 2024) | -99.0% | 7 | Bangalore, Karnataka, India | ||
| Mocana Solutions Private Limited | ₹5,664 (FY 2025) | Pune, Maharashtra, India | ||||
| Brightsword Technologies Private Limited | ₹5,400 (FY 2024) | Bengaluru, Karnataka, India |
To see the full peer comparison of Witesand Systems India Private Limited, buy the company report.
Auditor
Witesand Systems India Private Limited is audited by CGS & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CGS & CO | FY 2023 | 005830S |
Shareholding
The shareholding of Witesand Systems India Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Witesand Systems India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Witesand Systems India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Witesand Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Witesand Systems India Private Limited has a workforce of 7 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Witesand Systems India 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 Witesand Systems India Private Limited, buy the company report.
Recent activity
Witesand Systems India Private Limited has 9 board changes on record since 2021: 2 appointments and 7 cessations. The latest: Madhava Rao Cheethirala ceased to be Director on 17 Dec 2021.
Frequently asked questions
Witesand Systems India 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.
Witesand Systems India was a foreign private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 19 May 2020 and is registered under CIN U72900KA2020FTC134178. The company has been struck off by the Registrar of Companies and is no longer operational.
Witesand Systems India had 2 directors:
- Muthukumar Muthumavadi - Director
- Ramakrishna Ravikumar - Director
The CIN (Corporate Identification Number) of Witesand Systems India is U72900KA2020FTC134178. 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 Witesand Systems India is at 1578 11th Main 4th Block Jayanagar, Bangalore, Karnataka, India – 560011.
Witesand Systems India was incorporated on 19 May 2020. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Witesand Systems India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from FY 2021 are in the company report.
No. Witesand Systems India has 1 GST registration on record and it is cancelled or inactive.
Witesand Systems India operated in the information technology industry, in the software development and support services segment. It worked in this industry before it was struck off.
The peers of Witesand Systems India by revenue are Value Soft Solutions Private Limited, Mocana Solutions Private Limited, Brightsword Technologies Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Madhava Rao Cheethirala ceased to be Director on 17 Dec 2021. Praveen Jain ceased to be Director on 17 Dec 2021. Sriharsha Jayanarayana ceased to be Director on 17 Dec 2021. Witesand Systems India has 9 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
