MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0156583
Blue Hex Software Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.48 Lakh
▼ 60% YoY
Net loss · FY 2024
₹1.56 Cr
Net margin -245.3%
EBITDA · FY 2024
-₹1.32 Cr
EBITDA margin -208%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹25.19 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
Active GSTINs
2
GST registered
About Blue Hex Software Private Limited
Data last updated:
Blue Hex Software Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2020PTC138374. Its GSTIN is 33AAJCB3216H1Z1 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹25.19 Lakh. It is led by directors including Jashvant Raval Chandulal and Varsha Varadan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 4 Balambal Nagar Virugambakkam, Chennai, Tamil Nadu, India – 600092.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.48 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹1.56 Cr (net margin -245.3%) and EBITDA of -₹1.32 Cr (EBITDA margin -208%). Revenue has grown at a compounded annual rate (CAGR) of 222% over three years.
The company is associated with 1 brand: Blue Hex Software. The company has 1 deal on record (1 funding round), with disclosed funding of ₹45 Lakh; the latest was in November 2020. Its 6 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 2 larger and 4 smaller; the largest is Entremax Global Solutions Private Limited with revenue of ₹63.54 Lakh. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier.
Blue Hex Software Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0156583). For more details, the company can be reached via its website bluehexsoftware.com.
Company details
CIN U72200TN2020PTC138374
Registration Number 138374
Incorporation Date 03 October 2020
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0156583
Recognitions & Rankings of Blue Hex Software
Contact details
Blue Hex Software Private Limited's registered office is in Chennai, Tamil Nadu. Its website is bluehexsoftware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 4 Balambal Nagar Virugambakkam, Chennai, Tamil Nadu, India – 600092
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Blue Hex Software Private Limited, buy the company report.
Comprehensive company report
Blue Hex Software 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
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Brands
Blue Hex Software operates one associated brand: Blue Hex Software. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive software and app development, including ERP and CRM services. | bluehexsoftware.com |
Business activity
The main business activity of Blue Hex Software is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Blue Hex Software Private Limited, buy the company report.
Financials of Blue Hex Software Private Limited
FY 2024 filings availableBlue Hex Software Private Limited reported revenue of ₹63.48 Lakh (down 60% YoY) for FY 2024.
Revenue · FY 2024
₹63.48 Lakh ▼ 60%
Net loss · FY 2024
₹1.56 Cr margin -245.3%
EBITDA · FY 2024
-₹1.32 Cr margin -208%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▲ 222%
EBITDA CAGR growth
1 year
▼ 616%
3 years · compounded
▼ 139%
Revenue fell 60% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 222%. EBITDA fell 616% 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 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 | -₹1.32 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.56 Cr | |||
| 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 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -208% | |||
| Net Profit Margin | -245.3% | |||
| 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 | ||||
To see the full financial statements and ratios of Blue Hex Software Private Limited, buy the company report.
Board of directors of Blue Hex Software Private Limited
Blue Hex Software has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jashvant Raval Chandulal | Director | 31 Oct 2021 | 5 Years 0 Months | Current |
| Varsha Varadan | Director | 03 Oct 2020 | 6 Years 1 Months | Current |
| Rohan | Director | 03 Oct 2020 | 6 Years 1 Months | Current |
| Varadan Devanathan Also directs: BG Networks Private Limited | Director | 31 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Blue Hex Software Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Entremax Global Solutions Private Limited | ₹63.54 Lakh (FY 2024) | 40.0% | Mumbai, Maharashtra, India | |||
| Jthemes Studio Private Limited | ₹63.49 Lakh (FY 2024) | 5.0% | Ahmedabad, Gujarat, India | |||
| Blue Hex Software Private Limitedthis company | ₹63.48 Lakh (FY 2024) | -₹1.56 Cr | -245.3% | -60.0% | Chennai, Tamil Nadu, India | |
| Vinco HR Management Services Private Limited | ₹63.47 Lakh (FY 2024) | Lucknow, Uttar Pradesh, India | ||||
| Innotech Interventions Private Limited | ₹63.47 Lakh (FY 2025) | 0.0% | Guwahati, Assam, India | |||
| Xencore M3iox India Private Limited | ₹63.46 Lakh (FY 2024) | 922.0% | Agra, Uttar Pradesh, India | |||
| Reflekt Vision (OPC) Private Limited | ₹63.45 Lakh (FY 2024) | 564.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Blue Hex Software Private Limited, buy the company report.
Auditor
Blue Hex Software Private Limited is audited by H.P.JADEJA& ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.P.JADEJA& ASSOCIATES | FY 2022 | 135374W |
Shareholding
The shareholding of Blue Hex Software Private Limited is on record for FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Blue Hex Software Private Limited, buy the company report.
Deals & funding
Blue Hex Software Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹45 Lakh; the latest was in November 2020.
Total deals
1
Funding round
1
Disclosed funding
₹45 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2020 | Funding round | ₹45 Lakh | Investors: JCR Consulting Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Blue Hex Software 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
Blue Hex Software Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vidinthelaw Consultants Private Limited |
To see the full MSME payment records of Blue Hex Software Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Blue Hex Software Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Blue Hex Software has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCB3216H1Z1 | Tamil Nadu | Active | 28 Aug 2021 |
| 27AAJCB3216H1ZU | Maharashtra | Active | 24 Nov 2021 |
To see the full GST registrations and return filing status of Blue Hex Software Private Limited, buy the company report.
Recent activity
Blue Hex Software Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Jashvant Raval Chandulal ceased to be Additional Director on 30 Sep 2022.
AGM
Blue Hex Software Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Blue Hex Software Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Jashvant Raval Chandulal ceased to be Additional Director.
Ceased
Varadan Devanathan ceased to be Additional Director.
Appointed
Jashvant Raval Chandulal was appointed as Director.
Appointed
Varadan Devanathan was appointed as Director.
Appointed
Rohan was appointed as Director.
Appointed
Varsha Varadan was appointed as Director.
Incorporation
03 Oct 2020
Blue Hex Software Private Limited was registered on 03 Oct 2020 with Roc Chennai & aged 6 years 1 month as per MCA records.
Frequently asked questions
Blue Hex Software is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 October 2020 (6+ years old) and is registered under CIN U72200TN2020PTC138374.
Blue Hex Software has 4 current directors:
- Jashvant Raval Chandulal - Director
- Varsha Varadan - Director
- Rohan - Director
- Varadan Devanathan - Director
The latest financial statements of Blue Hex Software on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Blue Hex Software is 33AAJCB3216H1Z1, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAJCB3216H1ZU (Maharashtra).
The CIN (Corporate Identification Number) of Blue Hex Software is U72200TN2020PTC138374. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Hex Software was incorporated on 03 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
Blue Hex Software has 1 deal on record (1 funding round), with disclosed funding of ₹45 Lakh; the latest was in November 2020.
The peers of Blue Hex Software by revenue are Entremax Global Solutions Private Limited, Jthemes Studio Private Limited, Vinco HR Management Services Private Limited, Innotech Interventions Private Limited, Xencore M3iox India Private Limited and 1 more, all in the same principal business activity (other professional, scientific and technical activities).
Jashvant Raval Chandulal ceased to be Additional Director on 30 Sep 2022. Varadan Devanathan ceased to be Additional Director on 30 Sep 2022. Jashvant Raval Chandulal was appointed as Director on 31 Oct 2021. Blue Hex Software has 6 board changes on record in total.
Yes, Blue Hex Software is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0156583).
Blue Hex Software has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 28 Oct 2021.
Blue Hex Software can be reached through the website bluehexsoftware.com. Its registered office is in Chennai, Tamil Nadu, India.
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