Azones Technologies Private Limited
About Azones Technologies Private Limited
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Azones Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 18 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC128884. Its GSTIN is 29AASCA8427E1Z9 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vishwanath Hinnakki Eshwarachar and Sangeetha Vishwanath.
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 No. 1299 4 Btm Layout 4th Stage 1st Block, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.44 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹55.14 Lakh (net margin 22.6%) and EBITDA of ₹74.3 Lakh (EBITDA margin 30.4%).
The company has about 12 employees on its provident fund (EPFO) records.
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- Registered AddressNo. 1299 4 Btm Layout 4th Stage 1st Block, Bangalore, Karnataka, India – 560076
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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 Azones Technologies Private Limited
The main business activity of Azones 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 Azones Technologies Private Limited FY 2025 filings available
Azones Technologies Private Limited reported revenue of ₹2.44 Cr (up 73% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Azones Technologies Private Limited
Revenue rose 73% in the latest year. EBITDA rose 133% 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 Azones 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 | ₹74.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹55.14 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Azones Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 22.6% | •••• | •••• | •••• | •••• |
| 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 Azones Technologies are in the company report.
Financial statements from FY 2020
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 Azones Technologies Private Limited
Azones Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Automatrix Innovation Private Limited | ₹2.45 Cr (FY 2024) | •••• | •••• | 70.0% | •••• | Kolkata, West Bengal, India |
| Naveen Enpowertek Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 1971.0% | •••• | Chennai, Tamil Nadu, India |
| Applied Syntax Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 80.0% | •••• | Hyderabad, Telangana, India |
| Cloudstakes Technology (OPC) Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Ahmedabad, Gujarat, India |
| Neural Data Science and Technologies Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 355.0% | •••• | Kolkata, West Bengal, India |
| Azones Technologies Private Limited this company | ₹2.44 Cr (FY 2024) | •••• | •••• | 73.0% | •••• | Bangalore, Karnataka, India |
| Cordate Technologies Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Thiruvananthapuram, Kerala, India |
| Technosys Consulting Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Baner, Maharashtra, India |
| Reverpro Services (India) Private Limited | ₹2.44 Cr (FY 2022) | •••• | •••• | 30.0% | •••• | Coimbatore, Tamil Nadu, India |
| Mips Information Technology Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Opus-Analytics Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 175.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Azones Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Azones Technologies Private Limited
Azones Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwanath Hinnakki Eshwarachar | Director | 18 Oct 2019 | 6 Years 11 Months | Current |
| Sangeetha Vishwanath | Director | 15 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Azones 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 Azones Technologies Private Limited
Azones Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Azones Technologies Private Limited
Azones Technologies Private Limited has a workforce of 12 employees as of Apr 04, 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 Azones Technologies Private Limited
Azones Technologies Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Lakshmamma ceased to be Director on 30 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Azones 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 Azones 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 Azones 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 Azones Technologies Private Limited
Azones Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA8427E1Z9 | Karnataka | Active | 18 Oct 2019 |
| 29AASCA8427E1CK | Karnataka | Active | 19 Nov 2019 |
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 Azones 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 Azones Technologies Private Limited
Azones Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 18 October 2019 (7+ years old) and is registered under CIN U74999KA2019PTC128884.
Azones Technologies reported revenue of ₹2.44 Cr for FY 2024 (up 73% YoY).
Azones Technologies has 2 current directors:
- Vishwanath Hinnakki Eshwarachar - Director
- Sangeetha Vishwanath - Director
Azones Technologies reported a net profit of ₹55.14 Lakh (net margin 22.6%) and EBITDA of ₹74.3 Lakh (EBITDA margin 30.4%) for FY 2024, as per its filed financial statements.
The GSTIN of Azones Technologies is 29AASCA8427E1Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AASCA8427E1CK (Karnataka).
The CIN (Corporate Identification Number) of Azones Technologies is U74999KA2019PTC128884. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azones Technologies was incorporated on 18 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Azones Technologies by revenue are Automatrix Innovation Private Limited, Naveen Enpowertek Private Limited, Applied Syntax Private Limited, Cloudstakes Technology (OPC) Private Limited, Neural Data Science and Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Lakshmamma ceased to be Director on 30 Oct 2020. Sangeetha Vishwanath was appointed as Director on 15 Oct 2020. Vishwanath Hinnakki Eshwarachar was appointed as Director on 18 Oct 2019.
Yes, Azones Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Azones Technologies is at No. 1299 4 Btm Layout 4th Stage 1st Block, Bangalore, Karnataka, India – 560076.