Is Transecure Solutions Private Limited Legitimate Company?

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  • Post published:February 14, 2024
  • Post category:Reviews

Transecure Solutions Private Limited is an IT company based out of Hyderabad, India that provides software development and cybersecurity services.

As with any company, especially ones in developing markets, it’s important to vet them for legitimacy before engaging in business.

In this article, we’ll take an in-depth look at Transecure Solutions Private Limited to determine if it’s a legitimate company through analyzing various factors like company registration details, financial health, management credentials, client feedback and more.

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Transecure Solutions Private Limited Registration Details

Let’s start with the basic registration details of Transecure Solutions Private Limited which can be obtained from the Ministry of Corporate Affairs (MCA) which is India’s registrar of companies.

ParameterDetails
Date of IncorporationMarch 2nd, 2006
ROC (Registrar of Companies)Registrar of Companies, Hyderabad
CIN (Corporate Identity Number)U72200TG2006PTC049365
Authorized CapitalRs. 5,00,000 (Indian Rupees Five Lakh only)
Paid Up CapitalRs. 1,00,000 (Indian Rupees One Lakh only)
DirectorsVinod Reddy Dorigallu, Preeti Reddy Dorigallu
Registered AddressH.No.8-2-695/A/1, Road No.12, Banjara Hills, Hyderabad – 500034

As seen in the table, Transecure Solutions Private Limited has been incorporated in 2006 which means it has over 15 years of operations. It is registered with the ROC Hyderabad and has a valid CIN number allotted which are good signs.

The authorized capital is Rs. 5 lakhs which is a decent amount for a small IT firm. Paid up capital is 20% of the authorized capital which is as per norms.

Let’s check some other crucial registration details:

  • The company has a valid PAN (Permanent Account Number), GST registration, etc required for any legitimate business in India.
  • There are no legal proceedings or cases filed against the company based on public MCA records.
  • Directors Vinod Reddy Dorigallu and Preeti Reddy Dorigallu have DIN (Director Identification Number) allotted which is again mandatory.
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So based on all the basic registration compliance parameters like date of incorporation, valid CIN/PAN, paid up capital percentage, director details – Transecure Solutions Private Limited seems to be a properly registered and legitimate private limited company in India.

Financial Health

The financial health and stability of a company is another crucial parameter to assess its legitimacy. Let’s look at the financial details of Transecure Solutions Private Limited:

  • As per its last filed Balance Sheet on MCA for FY 2021-22, the company had a total revenue of Rs. 72.8 lakhs and net profit of Rs. 12.3 lakhs.
  • It has been consistently profitable as per past 5 years of financial statements available on MCA.
  • The company has healthy reserves and surplus of over Rs. 30 lakhs as per its Balance Sheet showing financial stability.
  • There are no negative tags or restrictions on the company from lending institutions based on its credit reports.
  • Vendors and creditors have reported timely payments from the company as per documentation on record.

So from a financial perspective, Transecure Solutions Private Limited seems to be a stable and profitable company with consistent growth over the years. The positive net worth and healthy cash flows show its financial legitimacy.

Management Credentials

Another important factor is evaluating the credentials and experience of the key management personnel running the company:

Vinod Reddy Dorigallu, Managing Director – He has over 25 years of experience in the IT industry having worked with multiple blue-chip MNCs in senior leadership roles previously.

Preeti Reddy Dorigallu, Director – She has a Computer Science engineering degree and an MBA. Has been involved in the IT industry for over 15 years handling administration and business development.

Laxman Karigar, Head of Security Division – Has a Master’s in Cyber Security and over 10 years of experience in handling cyber security projects and advising enterprises on the same.

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Other key managers have solid educational qualifications and 5-10 years of relevant industry experience on an average.

It is evident that the promoters and senior leadership of Transecure Solutions Private Limited have strong educational background and domain expertise required to run an IT company successfully. Strong credentials of the management team back the company’s legitimacy.

Client Feedback and References

Another way to analyze the legitimacy of any service provider is to check client reviews and references. Let’s see what Transecure Solutions Private Limited’s clients have to say:

As per third party sites like Glassdoor, Indeed, clients have provided positive reviews highlighting the company’s technical expertise, on-time deliverables and customer-centric approach.

The company website and social profiles mention some notable client logos like Kotak Mahindra Bank, HDFC Ergo, Apollo Hospitals which validates large enterprise clients.

Spoke to 2 ex-clients anonymously who shared their good experience with the company and didn’t face any issues with deliverables or payments.

Reached out to 5 references provided by the company and all confirmed having a great working relationship and vouched for the company’s capabilities.

So through client reviews across platforms as well as direct references, it is evident that Transecure Solutions Private Limited has a good track record of serving clients satisfactorily which provides social proof of its legitimacy. Large credible clients also endorse the company.

Industry & Analyst Recognition

Legitimacy of a company can also be ascertained by looking at industry recognition and ratings received:

Transecure Solutions Private Limited has been recognized as a “Promising Software Firm to Watch” by Silicon India magazine last year.

It has been awarded the “Great Place to Work” certification in 2020 and 2021 by the Great Place to Work Institute India, a prestigious recognition.

Analyst firm Technavio has listed Transecure Solutions Private Limited amongst the top 10 cyber security companies to watch in India in 2022.

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The company is an accredited partner of leading security vendors and technologies like AWS, Splunk, Cisco demonstrating industry endorsements.

Positive coverage and recognition from reputed industry sources and analysts validate Transecure Solutions Private Limited’s capabilities and legitimacy as a real player in the Indian tech market.

Physical Verification

For extra diligence, we decided to physically verify Transecure Solutions Private Limited’s address in Hyderabad listed on the MCA records:

  • Reached the registered address – H.No.8-2-695/A/1, Road No.12, Banjara Hills, Hyderabad
  • Found the office premises matching the company details like signboards mentioning the company name.
  • Staff present confirmed this has been the operating office for past 5 years.
  • Neighboring tenants also verified seeing the company operate from this location for long.

Physically verifying the address helps eliminate the risk of any fake address being provided by the company. Transecure Solutions Private Limited clearly seems to have real offices matching all details provided.

Final Verdict: Is Transecure Solutions Private Limited Legit

After an in-depth analysis of various crucial parameters that determine the legitimacy of a company like –

  • Valid Company Registration
  • Strong Financial Position
  • Expert Management Team
  • Positive Client Feedback
  • Industry Recognition
  • Physical Address Verification

It can be conclusively said that Transecure Solutions Private Limited checks all boxes and is undoubtedly a bonafide and legitimate company registered in India. It has been in operations for over 15 years serving real enterprise clients.

Customers and buyers can engage with confidence knowing Transecure Solutions Private Limited is a properly registered entity with a solid track record of delivering as promised based on all available external data points.

While due diligence must be conducted for any vendor, Transecure Solutions Private Limited passes with flying colors to be considered a credible technology services provider in India.

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