About Byteweb IT Solutions Private Limited
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Byteweb IT Solutions Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72300GJ2014PTC080637. Its GSTIN is 24AAGCB0467M1ZL (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Madhubala Bhavesh Parikh and Varunkumar Bhavesh Parikh.
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 806 Manubhai C Tower Sayajigunj, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.54 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹16.27 Lakh (net margin -98.4%) and EBITDA of -₹15.3 Lakh (EBITDA margin -92.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 22% over five years.
The company is associated with 3 brands: ByteNap, ByteWeb and ByteWeb IT Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website byteweb.in.
- EmailLocked
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- Registered Address806 Manubhai C Tower Sayajigunj, Vadodara, Gujarat, India – 390005
- IndustryInformation Technology, 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
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Business Activity of Byteweb IT Solutions Private Limited
The main business activity of Byteweb IT Solutions 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 Byteweb IT Solutions Private Limited FY 2023 filings available
Byteweb IT Solutions Private Limited reported revenue of ₹16.54 Lakh (down 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Byteweb IT Solutions Private Limited
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 735% 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 Byteweb IT Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹15.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.27 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 Byteweb IT Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -92.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -98.4% | •••• | •••• | •••• | •••• |
| 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 Byteweb IT Solutions are in the company report.
Financial statements from 2015
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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions 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 |
|---|---|---|---|---|---|---|
| Pentest Port Links India Private Limited | ₹16.57 Lakh (FY 2024) | •••• | •••• | 353.0% | •••• | Gandhidham, Gujarat, India |
| Activelement Software Private Limited | ₹16.55 Lakh (FY 2023) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Technobug IT Solutions Private Limited | ₹16.55 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Nanded, Maharashtra, India |
| Kaniyuga Software Private Limited | ₹16.55 Lakh (FY 2025) | •••• | •••• | 329.0% | •••• | Chennai, Tamil Nadu, India |
| Deneebo Computing Solutions Private Limited | ₹16.55 Lakh (FY 2019) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Byteweb IT Solutions Private Limited this company | ₹16.54 Lakh (FY 2023) | •••• | •••• | -33.0% | •••• | Vadodara, Gujarat, India |
| Appsriv Technologies Private Limited | ₹16.54 Lakh (FY 2017) | •••• | •••• | 134.0% | •••• | Bangalore, Karnataka, India |
| Skyiwave Private Limited | ₹16.51 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Wegilant Net Solutions Private Limited | ₹16.5 Lakh (FY 2016) | •••• | •••• | -12.0% | •••• | Noida, Uttar Pradesh, India |
| Gyn System Solutions Private Limited | ₹16.5 Lakh (FY 2025) | •••• | •••• | 274.0% | •••• | Tumkur, Karnataka, India |
| Comter Soft Private Limited | ₹16.5 Lakh (FY 2024) | •••• | •••• | -20.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the five companies nearest above and the five nearest below Byteweb IT Solutions 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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions Private Limited is audited by DIVYANG PARIKH & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIVYANG PARIKH & 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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhubala Bhavesh Parikh | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
| Varunkumar Bhavesh Parikh Also directs: Bytenap Networks Private Limited | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
Ownership and Shareholding of Byteweb IT Solutions 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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Byteweb IT Solutions Private Limited
Byteweb IT Solutions operates multiple associated brands including ByteNap, ByteWeb, and ByteWeb IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ByteNap delivers comprehensive hosting and domain services solutions. | bytenap.com | |
| Offers IT solutions and support through online platforms for clients. | byteweb.in | |
| IT solutions encompassing web development, digital marketing, and SaaS engineering for businesses. | bwispl.com |
Employees and EPFO Compliance at Byteweb IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Byteweb IT Solutions.
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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Madhubala Bhavesh Parikh was appointed as Director on 01 Sep 2014.
Credit Ratings, Litigation & Regulatory Alerts for Byteweb IT Solutions 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 Byteweb IT Solutions 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 Byteweb IT Solutions 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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCB0467M1ZL | Gujarat | Active | 16 Aug 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 Byteweb IT Solutions 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 Byteweb IT Solutions Private Limited
Byteweb IT Solutions is an active private limited company based in Vadodara, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 September 2014 (12+ years old) and is registered under CIN U72300GJ2014PTC080637.
Byteweb IT Solutions reported revenue of ₹16.54 Lakh for FY 2023 (down 33% YoY).
Byteweb IT Solutions has 2 current directors:
- Madhubala Bhavesh Parikh - Director
- Varunkumar Bhavesh Parikh - Director
Byteweb IT Solutions reported a net loss of ₹16.27 Lakh (net margin -98.4%) and EBITDA of -₹15.3 Lakh (EBITDA margin -92.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Byteweb IT Solutions is 31% over three years and 22% over five years. In the latest year (FY 2023) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Byteweb IT Solutions is 24AAGCB0467M1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Byteweb IT Solutions is U72300GJ2014PTC080637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Byteweb IT Solutions was incorporated on 01 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Byteweb IT Solutions by revenue are Pentest Port Links India Private Limited, Activelement Software Private Limited, Technobug IT Solutions Private Limited, Kaniyuga Software Private Limited, Deneebo Computing Solutions Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Madhubala Bhavesh Parikh was appointed as Director on 01 Sep 2014. Varunkumar Bhavesh Parikh was appointed as Director on 01 Sep 2014.
Byteweb IT Solutions can be reached through the website byteweb.in. Its registered office is in Vadodara, Gujarat, India.