Bitfrills Solutions Private Limited
About Bitfrills Solutions Private Limited
Data last updated:
Bitfrills Solutions Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900PB2020PTC050815.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mangita Devi and Mandeep Singh Sandhu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. C 139 Ground Floor Phase 8 Industrial Area Eltop, Mohali, Punjab, India – 160071.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.52 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹36,135 (net margin 1.4%) and EBITDA of ₹1.63 Lakh (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No. C 139 Ground Floor Phase 8 Industrial Area Eltop, Mohali, Punjab, India – 160071
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Bitfrills Solutions Private Limited
The main business activity of Bitfrills Solutions 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 Bitfrills Solutions Private Limited FY 2024 filings available
Bitfrills Solutions Private Limited reported revenue of ₹25.52 Lakh (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Bitfrills Solutions Private Limited
Revenue fell 38% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 54% 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 Bitfrills Solutions 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 | ₹1.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹36,135 | •••• | •••• | •••• | •••• |
| 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 Bitfrills Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• | •••• |
| 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 Bitfrills Solutions 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 Bitfrills Solutions Private Limited
Bitfrills Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Claimezz Healthcare Solutions Private Limited | ₹25.92 Lakh (FY 2025) | •••• | •••• | •••• | Ahmadabad City, Gujarat, India | |
| Ads BPO Private Limited | ₹25.85 Lakh (FY 2017) | •••• | •••• | -31.0% | •••• | Gurgaon, Haryana, India |
| V&A Solutions Private Limited | ₹25.72 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | New Delhi, Delhi, India |
| MTV Consultants Private Limited | ₹25.68 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Edifys Support Private Limited | ₹25.66 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | Lucknow, Uttar Pradesh, India |
| Bitfrills Solutions Private Limited this company | ₹25.52 Lakh (FY 2024) | •••• | •••• | -38.0% | •••• | Mohali, Punjab, India |
| N R Technologies Private Limited | ₹25.48 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Vizgro Tech Private Limited | ₹25.48 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | Ahmedabad, Gujarat, India |
| Mayvil Services Private Limited | ₹25.38 Lakh (FY 2024) | •••• | •••• | -58.0% | •••• | Bhopal, Madhya Pradesh, India |
| Nihansh Corporation Private Limited | ₹25.37 Lakh (FY 2024) | •••• | •••• | 65.0% | •••• | New Delhi, Delhi, India |
| Metrox Solution Private Limited | ₹25.27 Lakh (FY 2021) | •••• | •••• | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Bitfrills Solutions by revenue in the Outsourcing industry (Diversified BPO), 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 Bitfrills Solutions Private Limited
Bitfrills Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangita Devi | Director | 18 Feb 2020 | 6 Years 7 Months | Current |
| Mandeep Singh Sandhu | Director | 18 Feb 2020 | 6 Years 7 Months | Current |
Charges & Borrowings of Bitfrills Solutions Private Limited
Bitfrills Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bitfrills Solutions Private Limited
Employment history and EPFO contributions of people linked to Bitfrills Solutions.
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 Bitfrills Solutions Private Limited
Bitfrills Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mandeep Singh Sandhu was appointed as Director on 18 Feb 2020.
Credit Ratings, Litigation & Regulatory Alerts for Bitfrills Solutions 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 Bitfrills Solutions 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 Bitfrills Solutions 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 Bitfrills Solutions Private Limited
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 Bitfrills Solutions 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 Bitfrills Solutions Private Limited
Bitfrills Solutions is an active private limited company based in Mohali, Punjab, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 February 2020 (6+ years old) and is registered under CIN U72900PB2020PTC050815.
Bitfrills Solutions reported revenue of ₹25.52 Lakh for FY 2024 (down 38% YoY).
Bitfrills Solutions has 2 current directors:
- Mangita Devi - Director
- Mandeep Singh Sandhu - Director
Bitfrills Solutions reported a net profit of ₹36,135 (net margin 1.4%) and EBITDA of ₹1.63 Lakh (EBITDA margin 6.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bitfrills Solutions is 27% over three years. In the latest year (FY 2024) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Bitfrills Solutions is U72900PB2020PTC050815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitfrills Solutions was incorporated on 18 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Bitfrills Solutions by revenue are Claimezz Healthcare Solutions Private Limited, Ads BPO Private Limited, V&A Solutions Private Limited, MTV Consultants Private Limited, Edifys Support Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Mandeep Singh Sandhu was appointed as Director on 18 Feb 2020. Mangita Devi was appointed as Director on 18 Feb 2020.
The registered office of Bitfrills Solutions is at Plot No. C 139 Ground Floor Phase 8 Industrial Area Eltop, Mohali, Punjab, India – 160071.
Bitfrills Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.