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Crayon Software Experts India
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Registered Details

CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED

www.crayon.com

All Companies ›

Maharashtra ›

Computer Related Services ›

CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED

Active

Updated: 21 Oct 2024

Crayon Software Experts India Private Limited, is an unlisted private company incorporated on 05 June, 2014. It is classified as a private subsidiary of a foreign company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 9.50 cr and the total paid-up capital is INR 9.43 cr.

Crayon Software Experts India's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by 101.98% over the previous year. At the same time, it's book networth has decreased by 7.72%.

Industry and products

Computer Related Services

operating systems software, software publishing, computer games software., other applications software

Company size

Auth Capital

₹ 9.5 Cr

Paidup Capital

₹ 9.4 Cr

Revenue

₹ 3000-3250 cr

Key Metrics

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

Total Revenue

35.23%

₹ 3,071.4

EBITDA

₹ 79.1

Net Profit

₹ 54.1

Networth

115.68%

₹ 195.1

Borrowings

-73.38%

₹ 31.5

Assets

17.84%

₹ 936.2

Gross Margin

2.28

6.2 %

Operating Margin

2.61

2.6 %

Net Profit Margin

2.13

1.8 %

Return on Equity

36.99

27.7 %

ROCE

56.4

49.4 %

Debt to Equity

-1.15

0.2

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (5)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Vikas Waman Bhonsle	06859030	11 years
Additional Director	Melissa Ann Mulholland	09313447	4 years
Director	Jon Birger Syvertsen	09731563	3 years
CS	Archana Bhaskar Sakhare	<HIDDEN>	6 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	874.0	1,058.7	1,503.4	2,265.5	3,062.1
Operating profit	17.0	25.1	38.1	-0.8	79.1
Net profit	9.5	14.1	23.7	-8.4	54.1
Gross margin	6.5	6.8	6.5	4.0	6.2
Operating margin	1.9	2.4	2.5	-0.0	2.6
Net margin	1.1	1.3	1.6	-0.4	1.8
Networth	59.0	73.5	98.0	90.5	195.1
Borrowings	45.8	80.3	109.9	118.2	31.5
Assets	292.1	373.3	577.1	794.5	936.2
Debt to equity	0.8	1.1	1.1	1.3	0.2
Current ratio	1.1	1.2	1.1	1.0	1.2
ROE	16.1	19.2	24.1	-9.3	27.7
Days payable	75.0	72.0	82.0	87.0	84.0
WC days	14.0	16.0	15.0	5.0	18.0

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	8.2	8.2	8.2	8.2	9.4
Reserves	50.8	65.3	89.9	82.3	185.7
Borrowings +	45.8	80.3	109.9	118.2	31.5
Long term borrowings	-	-	5.2	6.2	3.2
Short term borrowings	45.8	80.3	104.7	112.0	28.3
Trade payables +	167.7	194.9	316.4	517.1	662.9
Days payable	75.0	72.0	82.0	87.0	84.0
Other liabilities +	187.3	219.5	369.2	585.8	709.6
Other non-current liabilities	1.4	2.0	2.9	3.5	5.0
Other current liabilities	18.2	22.7	50.0	65.3	41.8
Total liabilities	292.1	373.3	577.1	794.5	936.2
Fixed Assets +	0.4	0.5	1.2	1.5	1.9
Tangible assets	0.4	0.5	1.2	1.5	1.9
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	22.4	21.9	41.2	55.9	36.6
Other non-current assets	4.1	5.7	3.6	13.3	9.9
Current assets +	265.2	345.1	531.1	723.7	887.9
Inventories	0.2	-	-	-	-
Trade receivables	215.7	239.8	407.1	564.9	718.1
Cash and cash equivalents	20.7	53.8	57.0	71.3	85.4
ST loans and advances	19.2	36.2	63.2	71.7	78.2
Other current assets	9.4	15.3	3.8	15.8	6.2
Total assets	292.1	373.3	577.1	794.5	936.2

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.79	2.19	1.41	1.03	1.01
Reserves	17.4	17.5	15.57	10.36	19.83
Borrowings +	15.68	21.5	19.04	14.88	3.36
Long term borrowings	0.0	0.0	0.9	0.78	0.34
Short term borrowings	15.68	21.5	18.13	14.1	3.02
Trade payables	57.4	52.21	54.82	65.08	70.81
Other liabilities +	64.13	58.81	63.98	73.73	75.8
Other non-current liabilities	0.5	0.53	0.5	0.44	0.53
Other current liabilities	6.23	6.07	8.66	8.22	4.46
Total liabilities
Fixed Assets +	0.12	0.15	0.22	0.19	0.21
Tangible assets	0.12	0.14	0.21	0.19	0.21
CWIP	0.0	0.01	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	7.66	5.88	7.13	7.04	3.9
Other non-current assets	1.41	1.53	0.63	1.68	1.05
Current assets +	90.81	92.45	92.03	91.09	94.83
Inventories	0.08	0.0	0.0	0.0	0.0
Trade receivables	73.85	64.25	70.54	71.1	76.7
Cash and cash equivalents	7.1	14.41	9.88	8.98	9.12
ST loans and advances	6.56	9.7	10.95	9.02	8.35
Other current assets	3.22	4.09	0.66	1.99	0.66
Total assets

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	8.2	8.2	8.2	9.4
Reserves	65.3	90.0	82.8	186.9
Borrowings +	80.3	109.9	118.2	31.5
Long term borrowings	7.5	5.2	6.2	3.2
Short term borrowings	72.7	104.7	112.0	28.3
Trade payables +	195.4	319.6	525.3	673.7
Days payable	72.0	82.0	87.0	84.0
Other liabilities +	220.1	372.7	594.7	721.2
Other non-current liabilities	2.0	2.9	3.5	5.0
Other current liabilities	22.7	50.2	65.9	42.5
Total liabilities	373.8	580.7	803.8	949.0
Fixed Assets +	0.5	1.2	1.5	1.9
Tangible assets	0.5	1.2	1.5	1.9
CWIP	-	-	-	-
Intangible assets	-	-	-	-
LT loans and advances	21.3	42.1	57.4	39.5
Other non-current assets	6.4	3.6	13.4	9.9
Current assets +	345.5	533.7	731.6	897.7
Inventories	-	-	-	-
Trade receivables	252.0	411.8	573.4	727.7
Cash and cash equivalents	53.8	57.4	71.4	85.5
ST loans and advances	36.2	60.8	71.3	78.3
Other current assets	3.5	3.7	15.5	6.2
Total assets	373.8	580.7	803.8	949.0

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.18	1.41	1.02	0.99
Reserves	17.47	15.5	10.3	19.7
Borrowings +	21.47	18.92	14.71	3.32
Long term borrowings	2.02	0.9	0.77	0.34
Short term borrowings	19.45	18.02	13.93	2.98
Trade payables	52.27	55.03	65.35	70.99
Other liabilities +	58.87	64.18	73.98	75.99
Other non-current liabilities	0.53	0.5	0.43	0.52
Other current liabilities	6.07	8.64	8.2	4.48
Total liabilities
Fixed Assets +	0.15	0.21	0.19	0.2
Tangible assets	0.14	0.21	0.18	0.2
CWIP	0.01	0.0	0.0	0.0
Intangible assets	0.0	0.0	0.0	0.0
LT loans and advances	5.7	7.25	7.14	4.16
Other non-current assets	1.71	0.62	1.66	1.04
Current assets +	92.44	91.91	91.01	94.59
Inventories	0.0	0.0	0.0	0.0
Trade receivables	67.42	70.92	71.34	76.68
Cash and cash equivalents	14.39	9.88	8.88	9.01
ST loans and advances	9.68	10.47	8.87	8.25
Other current assets	0.95	0.64	1.93	0.65
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	874.0	1,058.7	1,503.4	2,265.5	3,062.1
Sales growth %	57.29	21.14	42.0	50.69	35.16
Expenses +	864.3	1,041.3	1,472.8	2,280.1	2,999.4
Cost of goods	817.2	986.5	1,405.6	2,176.1	2,871.2
Employee cost	22.0	29.4	40.9	54.9	69.5
Other costs	17.8	17.7	18.8	35.2	42.3
Operating profit +	17.0	25.1	38.1	-0.8	79.1
Operating margin %	1.9	2.4	2.5	-0.0	2.6
Other income	3.0	2.9	2.1	5.7	9.3
Interest	6.9	7.2	6.8	12.5	14.9
Depreciation	0.3	0.4	0.7	1.4	1.6
Exceptional items	-	-	-	-	-
Profit before tax	12.8	20.3	32.5	-8.9	71.9
Tax	3.3	6.2	8.8	-0.5	17.8
Profit - disc. ops	-	-	-	-	-
Net profit	9.5	14.1	23.7	-8.4	54.1
Net margin %	1.1	1.3	1.6	-0.4	1.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.65	99.73	99.86	99.75	99.7
Expenses +	98.54	98.08	97.82	100.39	97.66
Cost of goods	93.17	92.92	93.36	95.81	93.48
Employee cost	2.51	2.77	2.72	2.42	2.26
Other costs	2.03	1.67	1.25	1.55	1.38
Operating profit	1.94	2.36	2.53	-0.03	2.58
Other income	0.35	0.27	0.14	0.25	0.3
Interest	0.79	0.68	0.45	0.55	0.48
Depreciation	0.03	0.04	0.05	0.06	0.05
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	1.46	1.91	2.16	-0.39	2.34
Tax	0.38	0.58	0.59	-0.02	0.58
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.08	1.33	1.57	-0.37	1.76

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,059.2	1,514.7	2,289.2	3,104.5
Sales growth %	None	43.01	51.13	35.62
Expenses +	1,041.7	1,483.9	2,303.0	3,040.6
Cost of goods	987.0	1,416.6	2,198.9	2,912.2
Employee cost	29.4	40.9	54.9	69.5
Other costs	17.7	18.8	35.3	42.5
Operating profit +	25.1	38.3	-	80.3
Operating margin %	2.4	2.5	0.0	2.6
Other income	2.9	2.1	5.4	9.0
Interest	7.2	6.8	12.5	14.9
Depreciation	0.4	0.7	1.4	1.6
Exceptional items	-	-	-	-
Profit before tax	20.3	32.7	-8.4	72.9
Tax	6.2	8.9	-0.4	18.1
Profit - disc. ops	-	-	-	-
Net profit	14.1	23.8	-8.0	54.8
Net margin %	1.3	1.6	-0.3	1.8

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.73	99.86	99.76	99.71
Expenses +	98.08	97.83	100.37	97.66
Cost of goods	92.92	93.4	95.83	93.54
Employee cost	2.77	2.7	2.39	2.23
Other costs	1.67	1.24	1.54	1.36
Operating profit	2.36	2.53	0.0	2.58
Other income	0.27	0.14	0.24	0.29
Interest	0.68	0.45	0.54	0.48
Depreciation	0.04	0.05	0.06	0.05
Exceptional items	0.0	0.0	0.0	0.0
Profit before tax	1.91	2.15	-0.37	2.34
Tax	0.58	0.58	-0.02	0.58
Profit - disc. ops	0.0	0.0	0.0	0.0
Net profit	1.33	1.57	-0.35	1.76

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.8	1.1	1.1	1.3	0.2
Net Debt/Equity	0.4	0.4	0.5	0.5	0.0
Total Debt/Assets	0.2	0.2	0.2	0.1	0.0
Total Assets/Equity	5.0	5.1	5.9	8.8	4.8
Liquidity +
Current Ratio	1.1	1.2	1.1	1.0	1.2
Quick Ratio	1.1	1.2	1.1	1.0	1.2
Interest Coverage	2.5	3.5	5.6	-0.1	5.3
Performance
Gross Margin	6.5	6.8	6.5	4.0	6.2
Operating Margin	1.9	2.4	2.5	-0.0	2.6
Net Margin	1.1	1.3	1.6	-0.4	1.8
Return +
Return on Equity	16.1	19.2	24.1	-9.3	27.7
Pre-tax ROCE	49.2	51.6	60.9	-7.0	49.4
Return on Assets	3.2	3.8	4.1	-1.1	5.8
Pre-tax ROIC	19.9	24.7	24.8	-1.6	39.7
Efficiency +
Days Payable	75.0	72.0	82.0	87.0	84.0
Days Inventory	0.0	0.0	0.0	0.0	0.0
Days Receivable	90.0	83.0	99.0	91.0	86.0
Fixed Asset Turnover	2,452.3	1,935.2	1,204.8	1,521.2	1,576.7
Total Asset Turnover	3.0	2.8	2.6	2.9	3.3
Working Capital
Cash Conversion Cycle	15.0	11.0	17.0	4.0	2.0
Working Capital Days	14.0	16.0	15.0	5.0	18.0

	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	1.1	1.1	1.3	0.2
Net Debt/Equity	0.4	0.5	0.5	0.0
Total Debt/Assets	0.2	0.2	0.1	0.0
Total Assets/Equity	5.1	5.9	8.8	4.8
Liquidity +
Current Ratio	1.2	1.1	1.0	1.2
Quick Ratio	1.2	1.1	1.0	1.2
Interest Coverage	3.5	5.7	0.0	5.4
Performance
Gross Margin	6.8	6.5	3.9	6.2
Operating Margin	2.4	2.5	0.0	2.6
Net Margin	1.3	1.6	-0.3	1.8
Return +
Return on Equity	19.2	24.2	-8.8	27.9
Pre-tax ROCE	44.6	62.2	-4.5	50.8
Return on Assets	3.8	4.1	-1.0	5.8
Pre-tax ROIC	24.7	25.0	-1.0	40.1
Efficiency +
Days Payable	72.0	82.0	87.0	84.0
Days Inventory	0.0	0.0	0.0	0.0
Days Receivable	87.0	99.0	91.0	86.0
Fixed Asset Turnover	1,936.0	1,213.8	1,537.1	1,598.5
Total Asset Turnover	2.8	2.6	2.9	3.3
Working Capital
Cash Conversion Cycle	15.0	17.0	4.0	2.0
Working Capital Days	19.0	14.0	5.0	18.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

ICICI Bank Limited

No. of Loans: 1

Total Amount : 70.0 cr

Tata Capital Financial Services Limited

No. of Loans: 4

Total Amount : 62.0 cr

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

Axis Bank Limited

No. of Loans: 1

Total Amount : 40.0 cr

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 17.0 cr

BNP Paribas

No. of Loans: 1

Total Amount : 0.0 cr

Charge Holder	Amount	Date of creation/modification
ICICI Bank Limited	70.0 cr	31 Aug, 2023
IDFC First Bank Limited	50.0 cr	06 Jun, 2023
Tata Capital Financial Services Limited	19.5 cr	21 Dec, 2022
Tata Capital Financial Services Limited	30.5 cr	21 Dec, 2022
Tata Capital Financial Services Limited	8.0 cr	21 Dec, 2022
Tata Capital Financial Services Limited	4.0 cr	15 Oct, 2022
IndusInd Bank Limited	17.0 cr	14 Mar, 2022
Axis Bank Limited	40.0 cr	11 Dec, 2020
BNP Paribas	0.0 cr	04 Apr, 2016

Charges

ICICI Bank Limited

Tata Capital Financial Services Limited

IDFC First Bank Limited

Axis Bank Limited

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
CRAYON IT SERVICES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
CRAYON IT SERVICES PRIVATE LIMITED	Maharashtra	2020	₹ 1.0 L

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LOW INVENTORY

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Registered Details

CIN

U72200MH2014FTC265029

PAN

AAFCC6808E

Incorporation

2014, 11.0 years

Company Email

rajendra.chitale@crayon.com

Paid up Capital

₹ 9.4 Cr

Authorised Capital

₹ 9.5 Cr

AGM

Sep 2023

Type

Private

Subsidiary of Foreign Company

FAQ - CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED

What is the incorporation date of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED?

The incorporation date of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED is 05 June, 2014

What is the authorized share capital of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED?

The authorized share capital of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED is INR ₹ 9.5 Cr.

What is the paid-up capital of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED?

The paid-up capital of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED is INR ₹ 9.4 Cr.

What is the registered address of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED?

The registered address of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED is 902-903, 9th Floor, Lodha Supremus, Kanjur Village Rd, Neh ru Nagar, Kanjurma rg (East) NA MUMBAI Mumbai City Maharashtra - 400042

What is the CIN number of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED?

The CIN number of CRAYON SOFTWARE EXPERTS INDIA PRIVATE LIMITED is U72200MH2014FTC265029.

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