Carmel IT Solutions Private Limited
About Carmel IT Solutions Private Limited
Data last updated:
Carmel IT Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Shanders Realassets Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC078589.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramaswamy Krishnan Iyer and Kuncham Anandam Satish Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #58 18th 'B' Main 5th Block Rajajinagar, Bengaluru, Karnataka, India – 560010.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.29 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹6,231 (net margin 4.8%) and EBITDA of ₹8,331 (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 19% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Carmel IT Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#58 18th 'B' Main 5th Block Rajajinagar, Bengaluru, Karnataka, India – 560010
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Carmel IT Solutions 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
Financials of Carmel IT Solutions Private Limited
FY 2025 filings availableCarmel IT Solutions Private Limited reported revenue of ₹1.29 Lakh (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 48% 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 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 | ₹8,331 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6,231 | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 4.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Carmel IT Solutions Private Limited, buy the company report.
Board of directors of Carmel IT Solutions Private Limited
Carmel IT Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswamy Krishnan Iyer Also directs: Chisu International Ltd, Sierra Elevators & Escalators Private Limited, Plusway Consulting and Solutions Private Limited and 5 more | Director | 24 Nov 2015 | 10 Years 11 Months | Current |
| Kuncham Anandam Satish Kumar | Director | 24 Nov 2015 | 10 Years 11 Months | Current |
Auditor
Carmel IT Solutions Private Limited is audited by SHIVARAMA IYER & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIVARAMA IYER & ASSOCIATES | FY 2023 | 012774S |
Shareholding
The shareholding of Carmel IT Solutions 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 Carmel IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Carmel IT Solutions 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 Carmel IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Carmel IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Carmel IT Solutions Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Kuncham Anandam Satish Kumar ceased to be Additional Director on 29 Sep 2016.
Frequently asked questions
Carmel IT Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 January 2015 (11+ years old) and is registered under CIN U72200KA2015PTC078589.
Carmel IT Solutions has 2 current directors:
- Ramaswamy Krishnan Iyer - Director
- Kuncham Anandam Satish Kumar - Director
The latest financial statements of Carmel IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Carmel IT Solutions is U72200KA2015PTC078589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carmel IT Solutions was incorporated on 29 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Kuncham Anandam Satish Kumar ceased to be Additional Director on 29 Sep 2016. Ramaswamy Krishnan Iyer ceased to be Additional Director on 29 Sep 2016. Chitturi Bala Siva Subrahmanyam ceased to be Director on 30 Nov 2015. Carmel IT Solutions has 6 board changes on record in total.
The registered office of Carmel IT Solutions is at #58 18th B Main 5th Block Rajajinagar, Bengaluru, Karnataka, India – 560010.
Carmel IT Solutions operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Carmel IT Solutions is compliant as of 22 July 2026. The company is actively filing with the Registrar of Companies.
Carmel IT Solutions can be reached at its registered office: #58 18th B Main 5th Block Rajajinagar, Bengaluru, Karnataka, India – 560010.