MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0320674
Bits in Glass India Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹56.34 Cr
▲ 35% YoY
Net profit · FY 2025
₹10.57 Cr
Net margin 18.8%
EBITDA · FY 2025
₹14.54 Cr
EBITDA margin 25.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
193
Provident fund records
Directors on board
2
As per MCA filings
About Bits in Glass India Private Limited
Data last updated:
Bits in Glass India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Bits In Glass Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2017PTC168967. Its GSTIN is 27AAGCC8543B1ZS (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Crochet Technologies Private Limited. It is led by directors Amit Arun Lohakare and Bhalchandra Sadashiv Joshi.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.34 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹10.57 Cr (net margin 18.8%) and EBITDA of ₹14.54 Cr (EBITDA margin 25.8%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 81% over five years.
The company has about 193 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Bits In Glass and Crochet Technologies.
Bits in Glass India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0320674). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bitsinglass.com.
Company details
CIN U72900PN2017PTC168967
Registration Number 168967
Incorporation Date 17 February 2017
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Bits In Glass Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0320674
Recognitions & Rankings of Bits in Glass India
Contact details
Bits in Glass India Private Limited's registered office is in Pune, Maharashtra. Its website is bitsinglass.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor Third 209/1B/1A Timeless Learning Technologies, Range Hill Road Range Hills, Pune, Maharashtra, India – 411020
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Bits in Glass India Private Limited, buy the company report.
Comprehensive company report
Bits in Glass India Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Bits in Glass India operates two associated brands: Bits In Glass and Crochet Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development, consulting, and system integration services are provided. | bitsinglass.com | |
| IT service suite solutions and staff augmentation services are provided. | crochetech.com |
Business activity
The main business activity of Bits in Glass India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Bits in Glass India Private Limited, buy the company report.
Financials of Bits in Glass India Private Limited
FY 2025 filings availableBits in Glass India Private Limited reported revenue of ₹56.34 Cr (up 35% YoY) for FY 2025.
Revenue · FY 2025
₹56.34 Cr ▲ 35%
Net profit · FY 2025
₹10.57 Cr margin 18.8%
EBITDA · FY 2025
₹14.54 Cr margin 25.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 34%
5 years · compounded
▲ 81%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 155%
5 years · compounded
▲ 93%
Revenue has grown at a compounded annual rate (CAGR) of 81% over five years, including 35% growth in the latest year. EBITDA rose 100% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹14.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.57 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.8% | ||||
| Net Profit Margin | 18.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Bits in Glass India Private Limited, buy the company report.
Board of directors of Bits in Glass India Private Limited
Bits in Glass India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Arun Lohakare | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Bhalchandra Sadashiv Joshi Also directs: Asbj Consulting LLP | Director | 31 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Bits in Glass India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cockroach Labs Technologies India Private Limited | ₹56.57 Cr (FY 2025) | 192.0% | Bangalore, Karnataka, India | |||
| Alphaneon Techsolutions Private Limited | ₹56.42 Cr (FY 2024) | 31561.0% | Mumbai, Maharashtra, India | |||
| Next Gear India Private Limited | ₹56.41 Cr (FY 2025) | 89.0% | Kolkata, West Bengal, India | |||
| Quinte Financial Technologies Private Limited | ₹56.36 Cr (FY 2025) | 22.0% | Gurgaon, Haryana, India | |||
| Konnet Solutions Private Limited | ₹56.35 Cr (FY 2025) | -9.0% | Pune, Maharashtra, India | |||
| Bits in Glass India Private Limitedthis company | ₹56.34 Cr (FY 2025) | ₹10.57 Cr | 18.8% | 35.0% | 193 | Pune, Maharashtra, India |
| Bookit Digital Technologies Private Limited | ₹56.28 Cr (FY 2025) | 563.0% | Mumbai, Maharashtra, India | |||
| Capstech Network Private Limited | ₹56.27 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Credopay Technology Services Private Limited | ₹56.25 Cr (FY 2025) | 67.0% | Chennai, Tamil Nadu, India | |||
| Braincapital Labs Private Limited | ₹56.23 Cr (FY 2025) | 15.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Bits in Glass India Private Limited, buy the company report.
Auditor
Bits in Glass India Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Bits in Glass India Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Bits in Glass India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bits in Glass India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Bits in Glass India Private Limited has 5 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Coffee Max Beverages | |||
| Space and More | |||
| Capsule Corporation Advisory Services Private Limited | |||
| Law First Consulting LLP | |||
| an individual supplier |
To see the full MSME payment records of Bits in Glass India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bits in Glass India Private Limited has a workforce of 193 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
193
Active EPFO establishments
1
Employee growth
-5.39%
GST
Bits in Glass India has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC8543B1ZS | Maharashtra | Active | 01 Jul 2017 |
| 03AAGCC8543B1Z2 | Punjab | Active | 03 Jun 2021 |
| 36AAGCC8543B2ZS | Telangana | Active | 06 Jan 2023 |
To see the full GST registrations and return filing status of Bits in Glass India Private Limited, buy the company report.
Recent activity
Bits in Glass India Private Limited has 10 board changes on record since 2018: 2 appointments and 8 cessations. The latest: Amit Arun Lohakare ceased to be Additional Director on 29 Sep 2024.
AGM
Bits In Glass India Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Bits In Glass India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Amit Arun Lohakare ceased to be Additional Director.
Appointed
Amit Arun Lohakare was appointed as Director.
Ceased
Lee Winston Mainman ceased to be Additional Director.
Ceased
Bhalchandra Sadashiv Joshi ceased to be Additional Director.
Ceased
David Mark Hauser ceased to be Additional Director.
Ceased
Patrick Jason Golec ceased to be Additional Director.
Ceased
Adwait Kulkarni Sunil ceased to be Director.
Appointed
Bhalchandra Sadashiv Joshi was appointed as Director.
Ceased
Devendra Vasant Deshpande ceased to be Director.
Ceased
Vivek Saluja ceased to be Additional Director.
1 earlier event is in the company report.
News
Frequently asked questions
Bits in Glass India is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 February 2017 (9+ years old) and is registered under CIN U72900PN2017PTC168967.
Bits in Glass India has 2 current directors:
- Amit Arun Lohakare - Director
- Bhalchandra Sadashiv Joshi - Director
The latest financial statements of Bits in Glass India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Bits in Glass India is 27AAGCC8543B1ZS, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAGCC8543B1Z2 (Punjab), 36AAGCC8543B2ZS (Telangana).
The CIN (Corporate Identification Number) of Bits in Glass India is U72900PN2017PTC168967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bits in Glass India was incorporated on 17 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Bits in Glass India by revenue are Cockroach Labs Technologies India Private Limited, Alphaneon Techsolutions Private Limited, Next Gear India Private Limited, Quinte Financial Technologies Private Limited, Konnet Solutions Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Amit Arun Lohakare ceased to be Additional Director on 29 Sep 2024. Amit Arun Lohakare was appointed as Director on 11 Mar 2024. Lee Winston Mainman ceased to be Additional Director on 11 Aug 2021. Bits in Glass India has 10 board changes on record in total.
Yes, Bits in Glass India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0320674).
Bits in Glass India has 5 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 5 micro and small suppliers. The latest return was filed on 16 Oct 2023.
Bits in Glass India can be reached through the website bitsinglass.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Bits in Glass India is at Floor Third 2091B1A Timeless Learning Technologies, Range Hill Road Range Hills, Pune, Maharashtra, India – 411020.
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