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Virtusa Consulting Services
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Registered Details

VIRTUSA CONSULTING SERVICES PRIVATE LIMITED

Active

Updated: 05 Nov 2024

Virtusa Consulting Services Private Limited, is an unlisted private company incorporated on 05 March, 2008. It is classified as a private subsidiary of a foreign company and is located in Chennai, Tamil Nadu. It's authorized share capital is INR 5.30 cr and the total paid-up capital is INR 1.02 lac.

Virtusa Consulting Services's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 18.21% over the previous year. At the same time, it's book networth has increased by 39.02%.

Industry

Other service activites

Products

Computer programming, consultancy and related activities

Key Metrics

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

Sales

-12.57%

₹ 5,125.1

EBITDA

-17.3%

₹ 796.8

Net Profit

-13.49%

₹ 576.3

Networth

2.01%

₹ 2,187.0

Borrowings

-83.14%

₹ 135.7

Assets

-18.09%

₹ 3,562.2

Gross Margin

100.0 %

Operating Margin

-0.89

15.6 %

Net Profit Margin

-0.07

11.1 %

Return on Equity

-4.72

26.4 %

ROCE

-0.19

26.9 %

Debt to Equity

-0.32

0.1

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (7)

State	Type	Address

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Tofler Score

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Fair

Good

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Risk

Severe Risk

No risks identified

Moderate Risk

CASH DETERIORATING

Low Risk

REVENUE DECLINE

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.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	3,435.6	3,729.9	4,680.8	5,861.9	5,125.1
Operating profit	515.1	709.0	815.1	963.5	796.8
Net profit	387.6	229.8	651.2	666.2	576.3
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	15.0	19.0	17.4	16.4	15.6
Net margin	10.8	6.0	13.1	11.1	11.1
Networth	1,012.5	1,163.7	1,542.2	2,143.8	2,187.0
Borrowings	2,203.7	1,249.1	868.7	804.9	135.7
Assets	4,020.1	3,530.0	3,554.9	4,348.7	3,562.2
Debt to equity	2.2	1.1	0.6	0.4	0.1
Current ratio	3.3	2.0	1.9	2.3	1.8
ROE	38.3	19.8	42.2	31.1	26.4
Days payable	-	-	-	-	-
WC days	112.0	58.0	50.0	72.0	46.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	-	-	-	-	-
Reserves	1,012.5	1,163.7	1,542.2	2,143.8	2,187.0
Borrowings +	2,203.7	1,249.1	868.7	804.9	135.7
Long term borrowings	2,203.7	1,249.1	841.1	761.5	106.7
Short term borrowings	-	-	27.6	43.4	29.0
Trade payables +	113.2	123.0	134.7	125.2	167.3
Days payable	-	-	-	-	-
Other liabilities +	803.9	1,117.1	1,144.1	1,400.0	1,239.6
Other non-current liabilities	346.3	501.6	483.2	526.7	497.1
Other current liabilities	344.4	492.6	526.2	748.1	575.1
Total liabilities	4,020.1	3,530.0	3,554.9	4,348.7	3,562.2
Fixed Assets +	2,003.5	1,928.7	1,905.1	1,973.0	1,881.0
Tangible assets	727.8	665.9	667.6	752.7	684.3
CWIP	1.1	11.1	5.9	6.5	1.2
Intangible assets	1,274.6	1,251.7	1,231.6	1,213.8	1,195.5
LT loans and advances	22.0	23.1	-	-	-
Other non-current assets	485.3	371.5	315.8	300.0	262.2
Current assets +	1,509.3	1,206.6	1,334.1	2,075.8	1,419.0
Inventories	-	-	-	-	-
Trade receivables	389.1	638.6	775.8	893.9	865.3
Cash and cash equivalents	660.7	256.6	1.1	589.6	73.4
ST loans and advances	3.1	0.2	-	-	-
Other current assets	456.5	311.3	557.1	592.2	480.3
Total assets	4,020.1	3,530.0	3,554.9	4,348.7	3,562.2

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.0	0.0	0.0	0.0	0.0
Reserves	25.19	32.97	43.38	49.3	61.39
Borrowings +	54.82	35.39	24.44	18.51	3.81
Long term borrowings	54.82	35.39	23.66	17.51	3.0
Short term borrowings	0.0	0.0	0.78	1.0	0.81
Trade payables	2.82	3.48	3.79	2.88	4.7
Other liabilities +	20.0	31.65	32.18	32.19	34.8
Other non-current liabilities	8.61	14.21	13.59	12.11	13.96
Other current liabilities	8.57	13.95	14.8	17.2	16.15
Total liabilities
Fixed Assets +	49.84	54.64	53.59	45.37	52.8
Tangible assets	18.1	18.86	18.78	17.31	19.21
CWIP	0.03	0.32	0.17	0.15	0.03
Intangible assets	31.71	35.46	34.65	27.91	33.56
LT loans and advances	0.55	0.66	0.0	0.0	0.0
Other non-current assets	12.07	10.52	8.88	6.9	7.36
Current assets +	37.54	34.18	37.53	47.73	39.84
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	9.68	18.09	21.82	20.56	24.29
Cash and cash equivalents	16.43	7.27	0.03	13.56	2.06
ST loans and advances	0.08	0.0	0.0	0.0	0.0
Other current assets	11.36	8.82	15.67	13.62	13.48
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	-	-	-	-	-
Reserves	1,196.3	1,379.1	1,613.1	2,329.8	2,550.1
Borrowings +	2,203.9	1,249.1	868.7	804.9	135.7
Long term borrowings	2,203.9	1,249.1	841.1	761.5	106.7
Short term borrowings	-	-	27.6	43.4	29.0
Trade payables +	214.5	173.9	184.5	153.5	285.3
Days payable	-	-	-	-	-
Other liabilities +	1,032.7	1,356.7	1,420.2	1,589.8	1,497.8
Other non-current liabilities	388.7	530.2	531.8	581.4	553.2
Other current liabilities	429.5	652.6	703.9	854.9	659.3
Total liabilities	4,433.0	3,984.9	3,902.0	4,724.5	4,183.7
Fixed Assets +	1,888.0	1,797.0	1,771.3	1,818.6	1,710.7
Tangible assets	757.7	690.0	689.9	776.1	701.8
CWIP	1.1	11.3	5.9	6.5	1.2
Intangible assets	1,129.2	1,095.7	1,075.5	1,036.0	1,007.6
LT loans and advances	60.6	65.2	-	-	-
Other non-current assets	258.1	198.7	148.5	226.3	237.7
Current assets +	2,226.3	1,924.1	1,982.2	2,679.5	2,235.3
Inventories	-	-	-	-	-
Trade receivables	523.0	891.7	958.1	1,100.1	1,558.5
Cash and cash equivalents	1,054.3	671.2	429.1	770.5	178.5
ST loans and advances	3.3	4.0	-	-	-
Other current assets	645.7	357.1	595.0	809.0	498.3
Total assets	4,433.0	3,984.9	3,902.0	4,724.5	4,183.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.0	0.0	0.0	0.0	0.0
Reserves	26.99	34.61	41.34	49.31	60.95
Borrowings +	49.72	31.35	22.26	17.04	3.24
Long term borrowings	49.72	31.35	21.56	16.12	2.55
Short term borrowings	0.0	0.0	0.71	0.92	0.69
Trade payables	4.84	4.36	4.73	3.25	6.82
Other liabilities +	23.3	34.05	36.4	33.65	35.8
Other non-current liabilities	8.77	13.31	13.63	12.31	13.22
Other current liabilities	9.69	16.38	18.04	18.09	15.76
Total liabilities
Fixed Assets +	42.59	45.09	45.4	38.49	40.89
Tangible assets	17.09	17.31	17.68	16.43	16.78
CWIP	0.03	0.28	0.15	0.14	0.03
Intangible assets	25.47	27.5	27.56	21.93	24.09
LT loans and advances	1.37	1.64	0.0	0.0	0.0
Other non-current assets	5.82	4.99	3.8	4.79	5.68
Current assets +	50.22	48.28	50.8	56.72	53.43
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	11.8	22.38	24.56	23.28	37.25
Cash and cash equivalents	23.78	16.84	11.0	16.31	4.27
ST loans and advances	0.07	0.1	0.0	0.0	0.0
Other current assets	14.56	8.96	15.25	17.12	11.91
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,435.6	3,729.9	4,680.8	5,861.9	5,125.1
Sales growth %	7.42	8.57	25.49	25.23	-12.57
Expenses +	3,256.0	3,313.0	4,088.0	5,097.4	4,484.6
Cost of goods	-	-	-	-	-
Employee cost	2,145.8	2,400.7	3,147.5	4,100.2	3,720.1
Other costs	774.7	620.2	718.2	798.2	608.1
Operating profit +	515.1	709.0	815.1	963.5	796.8
Operating margin %	15.0	19.0	17.4	16.4	15.6
Other income	152.4	115.1	281.9	127.1	88.9
Interest	208.5	168.8	94.9	82.3	38.5
Depreciation	127.0	123.3	127.4	116.7	117.9
Exceptional items	-	-	-	-	-
Profit before tax	332.0	532.0	874.7	891.7	729.3
Tax	-55.6	302.3	223.5	225.5	153.0
Profit - disc. ops	-	-	-	-	-
Net profit	387.6	229.8	651.2	666.2	576.3
Net margin %	10.8	6.0	13.1	11.1	11.1

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	95.75	97.01	94.32	97.88	98.29
Expenses +	90.75	86.16	82.37	85.11	86.01
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	59.8	62.44	63.42	68.46	71.35
Other costs	21.59	16.13	14.47	13.33	11.66
Operating profit	14.36	18.44	16.42	16.09	15.28
Other income	4.25	2.99	5.68	2.12	1.71
Interest	5.81	4.39	1.91	1.37	0.74
Depreciation	3.54	3.21	2.57	1.95	2.26
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	9.25	13.84	17.63	14.89	13.99
Tax	-1.55	7.86	4.5	3.77	2.94
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	10.8	5.98	13.12	11.12	11.05

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	4,489.0	4,892.1	6,192.2	7,316.1	6,839.4
Sales growth %	2.65	8.98	26.58	18.15	-6.52
Expenses +	4,225.0	4,382.9	5,454.0	6,431.5	6,013.5
Cost of goods	-	-	-	-	-
Employee cost	2,796.8	3,192.3	4,112.7	5,129.5	4,896.8
Other costs	1,085.1	879.6	1,113.4	1,076.2	943.6
Operating profit +	607.0	820.1	966.1	1,110.5	999.0
Operating margin %	13.5	16.8	15.6	15.2	14.6
Other income	61.7	34.9	17.7	91.3	49.7
Interest	208.9	169.6	95.6	84.7	38.8
Depreciation	134.2	141.3	132.3	141.1	134.2
Exceptional items	0.3	-	-	69.0	65.7
Profit before tax	326.0	544.0	755.9	1,044.9	941.3
Tax	-37.3	323.0	256.4	254.7	189.7
Profit - disc. ops	-	-	-	-	-
Net profit	363.3	220.9	499.5	790.2	751.6
Net margin %	8.0	4.5	8.0	10.7	10.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.64	99.29	99.71	98.77	99.28
Expenses +	92.84	88.96	87.83	86.82	87.29
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	61.46	64.79	66.23	69.25	71.08
Other costs	23.85	17.85	17.93	14.53	13.7
Operating profit	13.34	16.65	15.56	14.99	14.5
Other income	1.36	0.71	0.29	1.23	0.72
Interest	4.59	3.44	1.54	1.14	0.56
Depreciation	2.95	2.87	2.13	1.9	1.95
Exceptional items	0.01	0.0	0.0	0.93	0.95
Profit before tax	7.16	11.04	12.17	14.11	13.66
Tax	-0.82	6.56	4.13	3.44	2.75
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	7.98	4.48	8.04	10.67	10.91

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	2.2	1.1	0.6	0.4	0.1
Net Debt/Equity	1.5	0.8	0.6	0.1	0.0
Total Debt/Assets	0.6	0.3	0.2	0.2	0.0
Total Assets/Equity	4.0	3.0	2.3	2.0	1.6
Liquidity +
Current Ratio	3.3	2.0	1.9	2.3	1.8
Quick Ratio	3.3	2.0	1.9	2.3	1.8
Interest Coverage	2.5	4.2	8.6	11.7	20.7
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	15.0	19.0	17.4	16.4	15.6
Net Margin	10.8	6.0	13.1	11.1	11.1
Return +
Return on Equity	38.3	19.8	42.2	31.1	26.4
Pre-tax ROCE	12.7	23.2	27.0	27.0	26.9
Return on Assets	9.6	6.5	18.3	15.3	16.2
Pre-tax ROIC	15.2	27.2	28.5	35.9	30.2
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	41.0	62.0	60.0	56.0	62.0
Fixed Asset Turnover	1.7	1.9	2.5	3.0	2.7
Total Asset Turnover	0.8	1.1	1.3	1.4	1.4
Working Capital
Cash Conversion Cycle	41.0	62.0	60.0	56.0	62.0
Working Capital Days	112.0	58.0	50.0	72.0	46.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.8	0.9	0.5	0.3	0.1
Net Debt/Equity	1.0	0.4	0.3	0.0	0.0
Total Debt/Assets	0.5	0.3	0.2	0.2	0.0
Total Assets/Equity	3.7	2.9	2.4	2.0	1.6
Liquidity +
Current Ratio	3.5	2.3	2.2	2.5	2.3
Quick Ratio	3.5	2.3	2.2	2.5	2.3
Interest Coverage	2.9	4.8	10.1	13.1	25.7
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	13.5	16.8	15.6	15.2	14.6
Net Margin	8.0	4.5	8.0	10.7	10.9
Return +
Return on Equity	30.4	16.0	31.0	33.9	29.5
Pre-tax ROCE	13.6	23.4	29.4	28.1	29.1
Return on Assets	8.2	5.5	12.8	16.7	18.0
Pre-tax ROIC	20.1	34.7	40.6	41.0	33.9
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	43.0	67.0	56.0	55.0	83.0
Fixed Asset Turnover	2.4	2.7	3.5	4.0	4.0
Total Asset Turnover	1.0	1.2	1.6	1.6	1.6
Working Capital
Cash Conversion Cycle	43.0	67.0	56.0	55.0	83.0
Working Capital Days	129.0	82.0	63.0	81.0	67.0

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	Pratiti Bhaumik	05302523	3 years
CFO	Vasu Pendyala	<HIDDEN>	8 years
Director	Vasu Pendyala	07538355	8 years
CS	Christina Pauline Beulah	<HIDDEN>	9 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
KEREN HAPPUCH CORPORATION PRIVATE LIMITED	Strike Off	1.0 L	1	Telangana
VIRTUSA SOFTWARE SERVICES PRIVATE LIMITED	Amalgamated	1.0 L	1	Telangana
VIRTUSA TECHNOLOGIES INDIA PRIVATE LIMITED	Amalgamated	1.0 L	1	Telangana
TECHCHEFS SOFTWARE PRIVATE LIMITED	Active	1.3 L	1	Karnataka
VIRTUSA SYSTEMS (INDIA) PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
POLARIS CONSULTING & SERVICES LIMITED	Active	51.7 Cr	1	Tamil Nadu

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Polaris Consulting & Services Pte Ltd, Singapore	Singapore	-	-
Virtusa Consulting & Services Limited, United Kingdom	Australia	-	-
Virtusa Consulting & Services Pty Ltd, Australia	Australia	-	-
V i r t u s a Consulting & Services Ireland Ltd, Ireland	Ireland	-	-
Virtusa Consulting and Services Japan K.K. Japan	Japan	-	-
Virtusa Consulting & Services Inc., Canada	Canada	-	-
Virtusa Middle East FZ-LLC	United Arab Emirates	-	-
Virtusa Consulting & Services SA	Switzerland	-	-
Virtusa QFC IT Consulting LLC	Qatar	-	-
VIRTUSA SYSTEMS (INDIA) PRIVATE LIMITED	Tamil Nadu	2008	₹ 1.0 L
TECHCHEFS SOFTWARE PRIVATE LIMITED	India	-	-
Virtusa Malaysia SDN.BHD. Malaysia#	Malaysia	-	-
Virtusa Consulting & Services Ireland Ltd, Ireland	Ireland	-	-
Virtusa Consulting & Services Pte Ltd, Singapore Polaris Consulting & Services Pte Ltd, Singapore	Singapore	-	-
Virtusa Consulting & Services Pty Ltd., Australia	Australia	-	-
Virtusa Consulting and Services Japan K.K. Japan	Japan	-	-
Virtusa Consulting & Services Inc., Canada**	Canada	-	-
Virtusa Middle East FZ-LLC,	United Arab Emirates	-	-

Registered Details

CIN

U93000TN2008FTC128079

PAN

AACCV6797L

Incorporation

2008, 17.1 years

Company Email

companysecretary@virtusa.com

Paid up Capital

₹ 1.0 L

Authorised Capital

₹ 5.3 Cr

AGM

Sep 2023

Type

Private

Subsidiary of Foreign Company

FAQ - VIRTUSA CONSULTING SERVICES PRIVATE LIMITED

What is the incorporation date of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED?

The incorporation date of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED is 05 March, 2008

What is the authorized share capital of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED?

The authorized share capital of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED is INR ₹ 5.3 Cr.

What is the paid-up capital of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED?

The paid-up capital of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED is INR ₹ 1.0 L.

What is the registered address of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED?

The registered address of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED is No.34 IT Highway, Navallur Chennai Chennai Tamil Nadu - 600130

What is the CIN number of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED?

The CIN number of VIRTUSA CONSULTING SERVICES PRIVATE LIMITED is U93000TN2008FTC128079.

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