DETAILS OF INDIAN COMPANY ACQUIRED BY FACEBOOK 'Little Eye Software Labs Private Limited'

DETAILS OF INDIAN COMPANY ACQUIRED BY FACEBOOK 

   'Little Eye Software Labs Private Limited' 

Facebook has acquired 18 month old Bangalore based ‘startup’ “Little Eye” for approx Rs. 90 Crorees or $15 million . This is first takeover by Facebook in India.

We always suggest that starting your startup as a Private Limited Company is best form of doing business as compared to all other mode of doing business.

BIRD’S EYE VIEW OF THE COMPANY

The “liitle Eye” was registered as a private limited company. Here are some details about company:

Name:                                      Little Eye Software Labs Private Limited

CIN                                         U72200KA2012PTC065545

Registration No.                   065545

Registered Address             No.66, First Floor, 29th Main, BTM 1st Stage, 1st Phase,

                                                 Bangalore, Karnataka, India, 560068 

Date of registration             24.08.2012

DETAILS OF DIRECTORS

Sr. No.	Name of Directors	Date of appointment
1	Vivek Kunenkeril Chandy	23/12/2013
2	Ramesh Vaidyanathan Kalpathy	23/12/2013
3	Sateesh Kumar Andra	20/08/2013
4	Avinash Thimmappa Poojari	23/12/2013
5	Kumar Rangarajan	24/08/2012
6	Kakkirala Naga Venkata Surya Maruthi Lakshman	24/08/2012
7	Ramasatyam Veeravenkatanaga Kandula	24/08/2012

DETAIL OF SHARE CAPITAL

Share Capital of the Company as on the date of last Annual General Meeting i.e. 28.09.2013 was as follow:

Authorised Capital                                     Rs. 8,00,000/- (divided into (5,00,000 Equity shares of Rs. 1 each &         3,00,000 Preference Shares of Rs 1 each)

Paid Up Capital                                           Rs. 4,59,509/- Divided into 4,29,200 Equity shares of Rs. 1 each & 30,309 Preference Shares of Rs 1 each)

(The present share capital of the Company is Rs. 6,36,109/-)

As on 28^th September 2013 following were  major shareholders.

Sr. No.	Name of Shareholder	No of Share held	%
1	Kumar Rangarajan	100,000	22%
2	Kakkirala Naga Venkata Surya Maruthi Lakshman	100,000	22%
3	Ramasatyam Veeravenkatanaga Kandula	100,000	22%
4	Gridhar Sreenivasa Murthy	100,000	22%

Source: www.mca.gov.in

(source www.mca.gov.in)

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