About Acrowit Technologies Private Limited
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Acrowit Technologies Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Acrowit Inc and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012FTC065427. Its GSTIN is 29AAKCA9019J1Z8 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Girish Ashok Karachiwala and Neelakantan Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Municipal No.10 100 Feet Ring Road Jp Nagar 4th Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.14 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹35.27 Lakh (net margin 11.2%) and EBITDA of ₹55.11 Lakh (EBITDA margin 17.5%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Acrowit and WittyParrot.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acrowit.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressMunicipal No.10 100 Feet Ring Road Jp Nagar 4th Phase, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Application Development & Software Solutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business Activity of Acrowit Technologies Private Limited
The main business activity of Acrowit Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Acrowit Technologies Private Limited FY 2025 filings available
Acrowit Technologies Private Limited reported revenue of ₹3.14 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Acrowit Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 24% fall in the latest year. EBITDA fell 61% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Acrowit Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹55.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.27 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Acrowit Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Acrowit Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Acrowit Technologies Private Limited
Acrowit Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Auxano Global Services Private Limited | ₹3.15 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Ahmedabad, Gujarat, India |
| Infinite Computing Systems Private Limited | ₹3.15 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Mumbai, Maharashtra, India |
| Tiez Interactive Private Limited | ₹3.14 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Techuva Solutions Private Limited | ₹3.14 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Hyderabad, Telangana, India |
| Iknoor Technology Private Limited | ₹3.14 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Acrowit Technologies Private Limited this company | ₹3.14 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Bangalore, Karnataka, India |
| Asenton Technologies Private Limited | ₹3.13 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| All-Pos Technology Private Limited | ₹3.13 Cr (FY 2024) | •••• | •••• | •••• | Tirunelveli, Tamil Nadu, India | |
| Gamio Technologies Private Limited | ₹3.13 Cr (FY 2024) | •••• | •••• | 66.0% | •••• | Delhi, India |
| Viyal Technologies Private Limited | ₹3.13 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Chennai, Tamil Nadu, India |
| Softrak Venture Investment Limited Listed | ₹3.13 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Acrowit Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Acrowit Technologies Private Limited
Acrowit Technologies Private Limited is audited by JITENDRA AGARWAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JITENDRA AGARWAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Acrowit Technologies Private Limited
Acrowit Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Ashok Karachiwala | Director | 30 Oct 2020 | 5 Years 11 Months | Current |
| Neelakantan Ramesh | Director | 12 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Acrowit Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Acrowit Technologies Private Limited
Acrowit Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Acrowit Technologies Private Limited
Acrowit Technologies operates two associated brands: Acrowit and WittyParrot. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive digital consulting services. | acrowit.com | |
| Cloud-based platform for knowledge organization and team communication is offered. | wittyparrot.com |
Employees and EPFO Compliance at Acrowit Technologies Private Limited
Acrowit Technologies Private Limited has a workforce of 18 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Acrowit Technologies Private Limited
Acrowit Technologies Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Girish Ashok Karachiwala ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Acrowit Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Acrowit Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Acrowit Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Acrowit Technologies Private Limited
Acrowit Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCA9019J1Z8 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Acrowit Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Acrowit Technologies Private Limited
Acrowit Technologies is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 August 2012 (14+ years old) and is registered under CIN U72200KA2012FTC065427.
Acrowit Technologies reported revenue of ₹3.14 Cr for FY 2024 (down 24% YoY).
Acrowit Technologies has 2 current directors:
- Girish Ashok Karachiwala - Director
- Neelakantan Ramesh - Director
Acrowit Technologies reported a net profit of ₹35.27 Lakh (net margin 11.2%) and EBITDA of ₹55.11 Lakh (EBITDA margin 17.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Acrowit Technologies is -3% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Acrowit Technologies is 29AAKCA9019J1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Acrowit Technologies is U72200KA2012FTC065427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acrowit Technologies was incorporated on 18 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Acrowit Technologies by revenue are Auxano Global Services Private Limited, Infinite Computing Systems Private Limited, Tiez Interactive Private Limited, Techuva Solutions Private Limited, Iknoor Technology Private Limited and 5 more, all in the Information Technology industry (Application Development).
Girish Ashok Karachiwala ceased to be Additional Director on 31 Dec 2020. Girish Ashok Karachiwala was appointed as Director on 30 Oct 2020. Padmanabhaiah Gudibanda Lalithamma ceased to be Director on 07 Oct 2020. Acrowit Technologies has 5 board changes on record in total.
Yes, Acrowit Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).