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STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED

Active
Updated: 12 May 2024

State Street Corporate Services Mumbai Private Limited, is an unlisted private company incorporated on 25 June, 2010. It is classified as a private subsidiary of a foreign company and is located in Bangalore, Karnataka. It's authorized share capital is INR 13.10 cr and the total paid-up capital is INR 10.90 cr.

State Street Corporate Services Mumbai's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2022. It's EBITDA has decreased by 13.47% over the previous year. At the same time, it's book networth has increased by 16.19%.

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Industry

Business Services
Products
  • Data processing, hosting and related activities; web portal, Back office operations services including inter-alia pay roll services and revenue accounting services, insurance claim services, medical transcription services4 and Basic IT enabled voice services an
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
12.17%
₹ 2,857.3
EBITDA
5.49%
₹ 483.4
Net Profit
21.48%
₹ 312.9
Networth
22.19%
₹ 1,805.7
Borrowings
-
₹ -
Assets
18.56%
₹ 2,336.4
Gross Margin
-
100.0 %
Operating Margin
-1.07
16.9 %
Net Profit Margin
0.69
10.7 %
Return on Equity
-0.1
17.3 %
ROCE
-3.23
20.4 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (12)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,645.7 1,782.9 1,855.5 2,547.2 2,857.3
Operating profit 359.7 431.3 373.2 458.2 483.4
Net profit 168.5 179.0 169.4 257.6 312.9
Gross margin 100.0 100.0 100.0 100.0 100.0
Operating margin 21.9 24.2 20.1 18.0 16.9
Net margin 10.1 9.9 9.1 10.0 10.7
Networth 877.5 1,054.2 1,224.9 1,477.8 1,805.7
Borrowings - - - - -
Assets 1,398.9 1,447.9 1,725.7 1,970.7 2,336.4
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 2.7 4.3 4.5 5.3 6.1
ROE 19.2 17.0 13.8 17.4 17.3
Days payable - - - - -
WC days 87.0 141.0 167.0 157.0 195.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10.9 10.9 10.9 10.9 10.9
Reserves 866.6 1,043.3 1,214.0 1,466.9 1,794.8
Borrowings + - - - - -
Long term borrowings - - - - -
Short term borrowings - - - - -
Trade payables + 48.8 28.6 42.4 52.6 38.2
Days payable - - - - -
Other liabilities + 521.4 393.7 500.8 492.9 530.7
Other non-current liabilities 295.9 185.4 258.8 238.1 233.2
Other current liabilities 176.7 179.7 199.6 202.2 259.3
Total liabilities 1,398.9 1,447.9 1,725.7 1,970.7 2,336.4
Fixed Assets + 323.5 220.0 174.2 287.4 252.7
Tangible assets 323.2 220.0 173.0 131.9 88.5
CWIP 0.3 - - - -
Intangible assets - - 1.2 155.5 164.2
LT loans and advances 25.7 16.1 - - -
Other non-current assets 433.7 314.1 461.7 330.9 261.3
Current assets + 616.0 897.7 1,089.8 1,352.4 1,822.4
Inventories - - - - -
Trade receivables 163.6 163.3 126.4 215.9 242.7
Cash and cash equivalents 313.8 611.8 887.3 186.3 214.7
ST loans and advances 10.8 13.4 - - -
Other current assets 127.8 109.2 76.1 950.2 1,365.0
Total assets 1,398.9 1,447.9 1,725.7 1,970.7 2,336.4
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,645.7 1,782.9 1,855.5 2,547.2 2,857.3
Sales growth % 34.96 8.34 4.07 37.28 12.17
Expenses + 1,416.0 1,553.3 1,636.5 2,239.3 2,514.6
Cost of goods - - - - -
Employee cost 957.8 1,106.0 1,300.5 1,822.4 2,096.5
Other costs 328.2 245.6 181.8 266.6 277.5
Operating profit + 359.7 431.3 373.2 458.2 483.4
Operating margin % 21.9 24.2 20.1 18.0 16.9
Other income 20.0 16.3 7.8 37.5 77.4
Interest 29.3 26.4 16.9 19.3 20.0
Depreciation 100.7 175.3 137.3 131.0 120.7
Exceptional items - - - - -
Profit before tax 249.7 245.9 226.8 345.4 420.1
Tax 81.2 66.9 57.4 87.8 107.2
Profit - disc. ops - - - - -
Net profit 168.5 179.0 169.4 257.6 312.9
Net margin % 10.1 9.9 9.1 10.0 10.7
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 1.6 1.4 1.4 1.3 1.3
Liquidity +
Current Ratio 2.7 4.3 4.5 5.3 6.1
Quick Ratio 2.7 4.3 4.5 5.3 6.1
Interest Coverage 12.3 16.3 22.1 23.7 24.2
Performance
Gross Margin 100.0 100.0 100.0 100.0 100.0
Operating Margin 21.9 24.2 20.1 18.0 16.9
Net Margin 10.1 9.9 9.1 10.0 10.7
Return +
Return on Equity 19.2 17.0 13.8 17.4 17.3
Pre-tax ROCE 36.3 28.1 23.1 23.6 20.4
Return on Assets 12.1 12.4 9.8 13.1 13.4
Pre-tax ROIC 29.5 24.3 19.3 22.1 20.1
Efficiency +
Days Payable - - - - -
Days Inventory - - - - -
Days Receivable 36.0 33.0 25.0 31.0 31.0
Fixed Asset Turnover 5.1 8.1 10.7 8.9 11.3
Total Asset Turnover 1.2 1.2 1.1 1.3 1.2
Working Capital
Cash Conversion Cycle 36.0 33.0 25.0 31.0 31.0
Working Capital Days 87.0 141.0 167.0 157.0 195.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation Name DIN/PAN Tenure
Director Arindam Banerrji 00091726 1 years
Director Jeremy Scott Kream 02762193 15 years
Director Ann Mary Fogarty 08340388 4 years
Director Alok Maheshwary 08866370 3 years
Director Colin Russell Mcardle 09341496 3 years
Director Venkataramesh Babu Kaza 10042384 2 years
Director Nishad Prabhakar Pawar 10125105 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED
Active
10.9 Cr 7 Karnataka
DEUTSCHE NETWORK SERVICES PRIVATE LIMITE D
Amalgamated
5.0 L 1 Maharashtra
STATESTREET HCL SERVICES (INDIA) PRIVATE LIMITED
Active
39.4 Cr 4 Delhi
STATE-STREET SERVICES PRIVATE LIMITED
Active
31.0 L 3 Maharashtra
MASSACHUSETTS CORPORATE SERVICES LLP
Under process of striking off
1,600.0 Cr 1 Karnataka

Registered Details

CIN

U74140MH2010FTC430932

PAN

AAOCS7268P

Incorporation

2010, 14.8 years

Company Email

GThantry@StateStreet.com

Paid up Capital

₹ 10.9 Cr

Authorised Capital

₹ 13.1 Cr

AGM

Sep 2023

Type

Private
Subsidiary of Foreign Company

FAQ - STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED

What is the incorporation date of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED?

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The incorporation date of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED is 25 June, 2010

What is the authorized share capital of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED?

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The authorized share capital of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED is INR ₹ 13.1 Cr.

What is the paid-up capital of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED?

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The paid-up capital of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED is INR ₹ 10.9 Cr.

What is the registered address of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED?

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The registered address of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED is 3RD FLOOR RMZ ECO WORLD CAMPUS, 6B SARJAPUR MARATHALLI, VILLAGE VARTHUR HOBLI BANGALORE Bangalore Karnataka - 560103

What is the CIN number of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED?

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The CIN number of STATE STREET CORPORATE SERVICES MUMBAI PRIVATE LIMITED is U74140MH2010FTC430932.

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