About Bright Money Technology Private Limited
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Bright Money Technology Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Bright Capital Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC126843. Its GSTIN is 29AAICB5802C1ZX (Karnataka).
The company has an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It is led by directors including Varun Kumar Modi and Avinash Patchava.
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 No. 20 Sbi Colony J Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.75 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.26 Cr (net margin 10.8%) and EBITDA of ₹9.06 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 78% over five years.
The company has about 161 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bright.
For more details, the company can be reached via its website brightmoney.co.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 20 Sbi Colony J Block, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Application Development & Software Solutions, 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
Associated Brands with Bright Money Technology Private Limited
Bright Money Technology operates one associated brand: Bright. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bright is focused on debt management and credit building. | brightmoney.co |
Business Activity of Bright Money Technology Private Limited
The main business activity of Bright Money Technology is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Bright Money Technology Private Limited FY 2025 filings available
Bright Money Technology Private Limited reported revenue of ₹57.75 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bright Money Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 14% growth in the latest year. EBITDA rose 11% 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 Bright Money Technology 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 | ₹9.06 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.26 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 | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bright Money Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.8% | •••• | •••• | •••• | •••• |
| 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 Bright Money Technology 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.
Board of Directors of Bright Money Technology Private Limited
Bright Money Technology has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Kumar Modi | Director | 23 Dec 2020 | 5 Years 9 Months | Current |
| Avinash Patchava | Director | 06 Aug 2019 | 7 Years 2 Months | Current |
| Avinash Ramakanth Sarvadevabhatla | Director | 16 Mar 2022 | 4 Years 7 Months | Current |
Peer Comparison of Bright Money Technology Private Limited
Bright Money Technology Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mars Telecom Systems Private Limited | ₹58.58 Cr (FY 2023) | •••• | •••• | 33.0% | •••• | Hyderabad, Telangana, India |
| Bravoventure India Private Limited | ₹58.41 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Karmic Design Private Limited | ₹58.24 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Manipal, Karnataka, India |
| Va Infosolutions India Private Limited | ₹58.06 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| Atidiv (India) Private Limited | ₹57.86 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Pune, Maharashtra, India |
| Bright Money Technology Private Limited this company | ₹57.75 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Rcube Planet Private Limited | ₹57.74 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Gurgaon, Haryana, India |
| RRG Engineering Technologies Private Limited | ₹57.67 Cr (FY 2024) | •••• | •••• | 235.0% | •••• | Hyderabad, Telangana, India |
| Syniverse Technologies (India) Private Limited | ₹57.59 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Gurgaon, Haryana, India |
| Lqi Infra Limited | ₹57.58 Cr (FY 2020) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Truechip Solutions Private Limited | ₹57.55 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Bright Money Technology by revenue in the same principal business activity (Other information & communication service activities), 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 Bright Money Technology Private Limited
Bright Money Technology Private Limited is audited by K.N.SRIKANTA PRASAD for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.N.SRIKANTA PRASAD | 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.
Ownership and Shareholding of Bright Money Technology 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 Bright Money Technology Private Limited
Bright Money Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bright Money Technology Private Limited
Bright Money Technology Private Limited has a workforce of 161 employees as of Apr 09, 2024.
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 Bright Money Technology Private Limited
Bright Money Technology Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Avinash Ramakanth Sarvadevabhatla ceased to be Director on 28 Oct 2025.
Credit Ratings, Litigation & Regulatory Alerts for Bright Money Technology 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 Bright Money Technology 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 Bright Money Technology 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 Bright Money Technology Private Limited
Bright Money Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB5802C1ZX | Karnataka | Active | 19 Sep 2019 |
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 Bright Money Technology 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.
Related news about Bright Money Technology Private Limited
Frequently Asked Questions about Bright Money Technology Private Limited
Bright Money Technology is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 August 2019 (7+ years old) and is registered under CIN U72900KA2019FTC126843.
Bright Money Technology reported revenue of ₹57.75 Cr for FY 2025 (up 14% YoY).
Bright Money Technology has 3 current directors:
- Varun Kumar Modi - Director
- Avinash Patchava - Director
- Avinash Ramakanth Sarvadevabhatla - Director
Bright Money Technology reported a net profit of ₹6.26 Cr (net margin 10.8%) and EBITDA of ₹9.06 Cr (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bright Money Technology is 17% over three years and 78% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bright Money Technology is 29AAICB5802C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Bright Money Technology is U72900KA2019FTC126843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bright Money Technology was incorporated on 06 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bright Money Technology by revenue are Mars Telecom Systems Private Limited, Bravoventure India Private Limited, Karmic Design Private Limited, Va Infosolutions India Private Limited, Atidiv (India) Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Avinash Ramakanth Sarvadevabhatla ceased to be Director on 28 Oct 2025. Avinash Ramakanth Sarvadevabhatla was appointed as Director on 16 Mar 2022. Petko Plachkov ceased to be Director on 16 Mar 2022. Bright Money Technology has 6 board changes on record in total.
Bright Money Technology can be reached through the website brightmoney.co. Its registered office is in Bangalore, Karnataka, India.