Startup India Government of India
Bandgi Technologies Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.86 Cr
▲ 136% YoY
Net profit · FY 2024
₹11.08 Lakh
Net margin 5.9%
EBITDA · FY 2024
₹19.57 Lakh
EBITDA margin 10.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Bandgi Technologies Private Limited
Data last updated:
Bandgi Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2016PTC112778. Its GSTIN is 36AAGCB9665F1ZD (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Avinash Bandgi (Managing Director) and Ashok Bandgi.
Its last annual general meeting (AGM) was held on 10 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H.No.6 – 63 Flat No. T – T1 Santoshi – Sai Villa Apts. Bhavani Nagar Dilsukhnagar, Hyderabad, Telangana, India – 500060.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.86 Cr, a growth of 136% compared to the previous year. For the same year it recorded a net profit of ₹11.08 Lakh (net margin 5.9%) and EBITDA of ₹19.57 Lakh (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 30% over five years.
The company is associated with 1 brand: Bandgi Technologies.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bandgitechnologies.com.
Company Details of Bandgi Technologies Private Limited
CIN U72200TG2016PTC112778
Registration Number 112778
Incorporation Date 03 November 2016
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Bandgi Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressH.No.6 – 63 Flat No. T – T1 Santoshi – Sai Villa Apts. Bhavani Nagar Dilsukhnagar, Hyderabad, Telangana, India – 500060
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Bandgi Technologies Private Limited
Bandgi Technologies operates one associated brand: Bandgi Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud computing, SaaS development, consultancy, and data analytics services. | bandgitechnologies.com |
Business Activity of Bandgi Technologies Private Limited
The main business activity of Bandgi 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Bandgi Technologies Private Limited FY 2024 filings available
Bandgi Technologies Private Limited reported revenue of ₹1.86 Cr (up 136% YoY) for FY 2024.
Revenue · FY 2024
₹1.86 Cr ▲ 136%
Net profit · FY 2024
₹11.08 Lakh margin 5.9%
EBITDA · FY 2024
₹19.57 Lakh margin 10.5%
Compounded Annual Growth Rate (CAGR) of Bandgi Technologies Private Limited
Revenue CAGR growth
1 year
▲ 136%
3 years · compounded
▲ 50%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▼ 70%
3 years · compounded
▲ 30%
5 years · compounded
▲ 90%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 136% growth in the latest year. EBITDA fell 70% 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 Bandgi 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 | ₹19.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.08 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bandgi Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| 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 Bandgi Technologies are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Bandgi Technologies Private Limited
Bandgi Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Bandgi | Managing Director | 03 Nov 2016 | 9 Years 11 Months | Current |
| Ashok Bandgi | Director | 03 Nov 2016 | 9 Years 11 Months | Current |
Peer Comparison of Bandgi Technologies Private Limited
Bandgi 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 |
|---|---|---|---|---|---|---|
| Inclotech Consultancy Services Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | 94.0% | •••• | Pune, Maharashtra, India |
| Skybits Technologies Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Self Tech Solutions Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 122.0% | •••• | Nagpur, Maharashtra, India |
| Cognisys Software Solutions Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Hyderabad, Telangana, India |
| Avocado Labs India Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Jaipur, Rajasthan, India |
| Bandgi Technologies Private Limited this company | ₹1.86 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | Hyderabad, Telangana, India |
| Nexgen Technology Services Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Kolkata, West Bengal, India |
| JS Techalliance Consulting Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Indore, Madhya Pradesh, India |
| Exultsoft Technologies Private Limited | ₹1.86 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Banashankari, Bangalore, Karnataka, India |
| Msquare Automation Solutions Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 82.0% | •••• | Thane, Maharashtra, India |
| Technovedge India Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Bandgi 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.
Auditor Details of Bandgi Technologies Private Limited
Bandgi Technologies Private Limited is audited by AGVP & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGVP & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Bandgi Technologies Private Limited
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Charges & Borrowings of Bandgi Technologies Private Limited
Bandgi Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bandgi Technologies Private Limited
Employment history and EPFO contributions of people linked to Bandgi Technologies.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Bandgi Technologies Private Limited
Bandgi Technologies Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Ashok Bandgi was appointed as Director on 03 Nov 2016.
AGM
Bandgi Technologies Private Limited last Annual general meeting of members was held on 10 Aug 2024 as per latest MCA records.
Filing
Bandgi Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Appointed
Ashok Bandgi was appointed as Director.
Appointed
Avinash Bandgi was appointed as Managing Director.
Incorporation
03 Nov 2016
Bandgi Technologies Private Limited was registered on 03 Nov 2016 with Roc Hyderabad & aged 9 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Bandgi Technologies Private Limited
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Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Bandgi Technologies Private Limited
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Subsidiaries & Group Companies of Bandgi Technologies Private Limited
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GST Compliance of Bandgi Technologies Private Limited
Bandgi Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCB9665F1ZD | Telangana | Active | 18 Nov 2020 |
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MCA Filings & Documents of Bandgi Technologies Private Limited
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Frequently Asked Questions about Bandgi Technologies Private Limited
Bandgi Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 November 2016 (10+ years old) and is registered under CIN U72200TG2016PTC112778.
Bandgi Technologies reported revenue of ₹1.86 Cr for FY 2024 (up 136% YoY).
Bandgi Technologies has 2 current directors:
- Avinash Bandgi - Managing Director
- Ashok Bandgi - Director
Bandgi Technologies reported a net profit of ₹11.08 Lakh (net margin 5.9%) and EBITDA of ₹19.57 Lakh (EBITDA margin 10.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bandgi Technologies is 50% over three years and 30% over five years. In the latest year (FY 2024) revenue rose 136%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bandgi Technologies is 36AAGCB9665F1ZD, registered in Telangana.
The CIN (Corporate Identification Number) of Bandgi Technologies is U72200TG2016PTC112778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bandgi Technologies was incorporated on 03 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Bandgi Technologies by revenue are Inclotech Consultancy Services Private Limited, Skybits Technologies Private Limited, Self Tech Solutions Private Limited, Cognisys Software Solutions Private Limited, Avocado Labs India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Ashok Bandgi was appointed as Director on 03 Nov 2016. Avinash Bandgi was appointed as Managing Director on 03 Nov 2016.
Yes, Bandgi Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).