About Brightsword IT Services Private Limited
Data last updated:
Brightsword IT Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC058601. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ritson Arthur Pinheiro and Vinod Venkataraman.
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 No.439 5th Main 5th Cross Jrd Tata Nagar Bangalore Urban, Karnataka, India – 560092.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.08 Lakh, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹63.79 Lakh (net margin -181.9%) and EBITDA of -₹51.49 Lakh (EBITDA margin -146.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 26% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brightsword.com.
Company details
Contact details
Brightsword IT Services Private Limited's registered office is in Bangalore, Karnataka. Its website is brightsword.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.439 5th Main 5th Cross Jrd Tata Nagar Bangalore Urban, Karnataka, India – 560092
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Brightsword IT Services 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 Brightsword IT Services 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 | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Brightsword IT Services Private Limited, buy the company report.
Financials of Brightsword IT Services Private Limited
FY 2024 filings availableBrightsword IT Services Private Limited reported revenue of ₹35.08 Lakh (down 68% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 68% fall 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 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹51.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.79 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -146.8% | ||||
| Net Profit Margin | -181.9% | ||||
| 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 Brightsword IT Services Private Limited, buy the company report.
Board of directors of Brightsword IT Services Private Limited
Brightsword IT Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritson Arthur Pinheiro Also directs: Edujournal India Private Limited, Abj Eduventures Private Limited | Director | 08 Dec 2023 | 2 Years 10 Months | Current |
| Vinod Venkataraman | Director | 05 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Brightsword IT Services Private Limited is audited by JYOLSANA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JYOLSANA AND ASSOCIATES | FY 2023 | FRN013718S |
Shareholding
The shareholding of Brightsword IT Services Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Brightsword IT Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Brightsword IT Services 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 Brightsword IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Brightsword IT Services Private Limited has a workforce of 7 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Brightsword IT Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Brightsword IT Services Private Limited, buy the company report.
Recent activity
Brightsword IT Services Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Chacko Raj Gerald Joseph ceased to be Director on 08 Dec 2023.
Frequently asked questions
Brightsword IT Services is an active 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 11 May 2011 (15+ years old) and is registered under CIN U72900KA2011PTC058601.
Brightsword IT Services has 2 current directors:
- Ritson Arthur Pinheiro - Director
- Vinod Venkataraman - Director
The latest financial statements of Brightsword IT Services 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 2015 are in the company report.
No. Brightsword IT Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Brightsword IT Services is U72900KA2011PTC058601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brightsword IT Services was incorporated on 11 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Chacko Raj Gerald Joseph ceased to be Director on 08 Dec 2023. Ritson Arthur Pinheiro was appointed as Director on 08 Dec 2023. Vinod Venkataraman ceased to be Additional Director on 29 Sep 2018. Brightsword IT Services has 5 board changes on record in total.
Brightsword IT Services can be reached through the website brightsword.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Brightsword IT Services is at No.439 5th Main 5th Cross Jrd Tata Nagar Bangalore Urban, Karnataka, India – 560092.
Brightsword IT Services operates in the information technology industry, in the application development and software solutions segment.