About Bitwise Ventures Private Limited
Data last updated:
Bitwise Ventures Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC097814. Its GSTIN is 24AAHCB2859A1Z1 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pratik Paras Jain and Parag Paras Jain.
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 505 Parekh Tower (P.B. Parekh Tower) Diwan Ballubhai Road Kankaria Road, Ahmedabad, Gujarat, India – 380022.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.14 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹3.63 Lakh (net margin 7.1%) and EBITDA of ₹9.97 Lakh (EBITDA margin 19.5%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 9% over five years.
The company is associated with 1 brand: BitWise Ventures.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bitwiseonline.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address505 Parekh Tower (P.B. Parekh Tower) Diwan Ballubhai Road Kankaria Road, Ahmedabad, Gujarat, India – 380022
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Bitwise Ventures Private Limited
The main business activity of Bitwise Ventures is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Bitwise Ventures Private Limited FY 2025 filings available
Bitwise Ventures Private Limited reported revenue of ₹51.14 Lakh (down 69% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bitwise Ventures Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 69% fall in the latest year. EBITDA fell 58% 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 Bitwise Ventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹9.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.63 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 Bitwise Ventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.1% | •••• | •••• | •••• | •••• |
| 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 Bitwise Ventures are in the company report.
Financial statements from FY 2018
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 Bitwise Ventures Private Limited
Bitwise Ventures Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Johnsys Solutions Private Limited | ₹51.3 Lakh (FY 2024) | •••• | •••• | 4.0% | •••• | Kochi, Kerala, India |
| Trivision Marine Private Limited | ₹51.24 Lakh (FY 2021) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| Gyanvigyan Information Technology Private Limited | ₹51.23 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Bhubaneswar, Odisha, India |
| Goa Ind Energy Private Limited | ₹51.2 Lakh (FY 2025) | •••• | •••• | -30.0% | •••• | Bardez, Goa, India |
| Iqwing Eduinfotech Private Limited | ₹51.16 Lakh (FY 2024) | •••• | •••• | 26.0% | •••• | Hamirpur, Himachal Pradesh, India |
| Bitwise Ventures Private Limited this company | ₹51.14 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Ahmedabad, Gujarat, India |
| Redstack Technologies Private Limited | ₹51.13 Lakh (FY 2023) | •••• | •••• | 0.0% | •••• | Alappuzha, Kerala, India |
| Pluggdd Mobile OPC Private Limited | ₹51.12 Lakh (FY 2019) | •••• | •••• | 55.0% | •••• | Gurugram, Haryana, India |
| Applination Softech Private Limited | ₹51.1 Lakh (FY 2025) | •••• | •••• | -86.0% | •••• | Lucknow, Uttar Pradesh, India |
| Sai Charan Engineers Private Limited | ₹51.07 Lakh (FY 2024) | •••• | •••• | -31.0% | •••• | Hyderabad, Telangana, India |
| Techpullers Technology Solutions Private Limited | ₹51.04 Lakh (FY 2025) | •••• | •••• | 84.0% | •••• | Ernakulam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Bitwise Ventures by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Bitwise Ventures Private Limited
Bitwise Ventures Private Limited is audited by JAINI R ZAVERI & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAINI R ZAVERI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bitwise Ventures Private Limited
Bitwise Ventures 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 |
|---|---|---|---|---|
| Pratik Paras Jain Also directs: Globalvox Ventures Private Limited | Director | 09 Jun 2017 | 9 Years 4 Months | Current |
| Parag Paras Jain | Director | 09 Jun 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Bitwise Ventures 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 Bitwise Ventures Private Limited
Bitwise Ventures Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Bitwise Ventures Private Limited
Bitwise Ventures operates one associated brand: BitWise Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers web and mobile app development, plus UX/UI design services. | bitwiseonline.com |
Employees and EPFO Compliance at Bitwise Ventures Private Limited
Employment history and EPFO contributions of people linked to Bitwise Ventures.
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 Bitwise Ventures Private Limited
Bitwise Ventures Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Mayank Kiranbhai Chauhan ceased to be Additional Director on 07 Jan 2020.
Credit Ratings, Litigation & Regulatory Alerts for Bitwise Ventures 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 Bitwise Ventures 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 Bitwise Ventures 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 Bitwise Ventures Private Limited
Bitwise Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCB2859A1Z1 | Gujarat | Active | 01 Jul 2017 |
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 Bitwise Ventures 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 Bitwise Ventures Private Limited
Bitwise Ventures is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 June 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC097814.
Bitwise Ventures reported revenue of ₹51.14 Lakh for FY 2025 (down 69% YoY).
Bitwise Ventures has 2 current directors:
- Pratik Paras Jain - Director
- Parag Paras Jain - Director
Bitwise Ventures reported a net profit of ₹3.63 Lakh (net margin 7.1%) and EBITDA of ₹9.97 Lakh (EBITDA margin 19.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bitwise Ventures is 43% over three years and -9% over five years. In the latest year (FY 2025) revenue fell 69%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bitwise Ventures is 24AAHCB2859A1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Bitwise Ventures is U74999GJ2017PTC097814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitwise Ventures was incorporated on 09 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Bitwise Ventures by revenue are Johnsys Solutions Private Limited, Trivision Marine Private Limited, Gyanvigyan Information Technology Private Limited, Goa Ind Energy Private Limited, Iqwing Eduinfotech Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Mayank Kiranbhai Chauhan ceased to be Additional Director on 07 Jan 2020. Parag Paras Jain was appointed as Director on 09 Jun 2017. Pratik Paras Jain was appointed as Director on 09 Jun 2017.
Bitwise Ventures can be reached through the website bitwiseonline.com. Its registered office is in Ahmedabad, Gujarat, India.