About Bitwire Private Limited
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Bitwire Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC352341.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sankaralingam Vennilaa and Lokesh Kumar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop – 113 Plot – 43 Sector 11 CBD, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2023, the company reported a revenue of ₹69.93 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹15.66 Lakh (net margin 22.4%) and EBITDA of ₹23.48 Lakh (EBITDA margin 33.6%).
For more details, the company can be reached via its website bitwirerummy.com.
Company details
Contact details
Bitwire Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is bitwirerummy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop – 113 Plot – 43 Sector 11 CBD, Navi Mumbai, Maharashtra, India – 400614
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Bitwire Private Limited, buy the company report.
- 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
Business activity
The main business activity of Bitwire is arts, entertainment and recreation. In detail, this covers sports, amusement and recreation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities |
To see the full business activity and turnover split of Bitwire Private Limited, buy the company report.
Financials of Bitwire Private Limited
FY 2023 filings availableBitwire Private Limited reported revenue of ₹69.93 Lakh (up 2988554% YoY) for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹69.93 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹23.48 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹15.66 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 | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 33.6% | ||
| Net Profit Margin | 22.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
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| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Bitwire Private Limited, buy the company report.
Board of directors of Bitwire Private Limited
Bitwire has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankaralingam Vennilaa Also directs: Agiledev Private Limited, Devdata Technology Private Limited | Director | 08 Apr 2022 | 4 Years 6 Months | Current |
| Lokesh Kumar | Additional Director | 20 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Bitwire Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (sports, amusement and recreation activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CPL Media Private Limited | ₹71.35 Lakh (FY 2019) | -43.0% | New Delhi, Delhi, India | |||
| Feeder Sports Venture Private Limited | ₹71.3 Lakh (FY 2024) | 264.0% | Nerul, Maharashtra, India | |||
| Rejuvenation Fitness Private Limited | ₹71.27 Lakh (FY 2025) | 53.0% | New Delhi, Delhi, India | |||
| Winget Recreations Private Limited | ₹71.17 Lakh (FY 2024) | 239.0% | Kanpur, Uttar Pradesh, India | |||
| Rakon Sports and Infratech Private Limited | ₹70.19 Lakh (FY 2025) | 765.0% | Lucknow, Uttar Pradesh, India | |||
| Bitwire Private Limitedthis company | ₹69.93 Lakh (FY 2023) | ₹15.66 Lakh | 22.4% | 2988554.0% | Navi Mumbai, Maharashtra, India | |
| SJ Sports Private Limited | ₹69.84 Lakh (FY 2024) | Bengaluru, Karnataka, India | ||||
| Runmatics (OPC) Private Limited | ₹69.18 Lakh (FY 2024) | 85.0% | Raipur, Chhattisgarh, India | |||
| Pradeequeen Holiday Resorts Private Limited | ₹69.1 Lakh (FY 2022) | 8099.0% | Chennai, Tamil Nadu, India | |||
| R.T.S. Hospitality Ventures Private Limited | ₹68.14 Lakh (FY 2024) | 4837.0% | Chennai, Tamil Nadu, India | |||
| Bhole's Vandana Private Limited | ₹67.98 Lakh (FY 2024) | 31.0% | Gorakhpur, Uttar Pradesh, India |
To see the full peer comparison of Bitwire Private Limited, buy the company report.
Auditor
Bitwire Private Limited is audited by Gubagundam & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gubagundam & Associates | FY 2023 | 256155 |
Shareholding
The shareholding of Bitwire Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bitwire Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bitwire 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
No delayed payments to MSME suppliers are on our record for Bitwire Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bitwire Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
No GST registration is on our record for Bitwire Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bitwire Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Lokesh Kumar was appointed as Additional Director on 20 Apr 2023.
Frequently asked questions
Bitwire is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 December 2020 (6+ years old) and is registered under CIN U72900MH2020PTC352341.
Bitwire has 2 current directors:
- Sankaralingam Vennilaa - Director
- Lokesh Kumar - Additional Director
The latest financial statements of Bitwire on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Bitwire is U72900MH2020PTC352341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitwire was incorporated on 22 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bitwire by revenue are CPL Media Private Limited, Feeder Sports Venture Private Limited, Rejuvenation Fitness Private Limited, Winget Recreations Private Limited, Rakon Sports and Infratech Private Limited and 5 more, all in the same principal business activity (sports, amusement and recreation activities).
Lokesh Kumar was appointed as Additional Director on 20 Apr 2023. Pranay Chandrakant Mokashi ceased to be Director on 20 Apr 2023. Venkatachalam Thaneesh ceased to be Director on 09 Apr 2022. Bitwire has 6 board changes on record in total.
Bitwire can be reached through the website bitwirerummy.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Bitwire is at Shop – 113 Plot – 43 Sector 11 CBD, Navi Mumbai, Maharashtra, India – 400614.
Bitwire operates in the information technology industry, in the application development and software solutions segment.
Bitwire is registered under the jurisdiction of the Registrar of Companies (ROC), Mumbai.
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