Carousell Technology Private Limited
About Carousell Technology Private Limited
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Carousell Technology Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Carousell Pte Ltd, Singapore. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 30 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC122987. Its GSTIN is 29AAICC1026D1Z2 (Karnataka).
The company has an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹1.94 Cr. It is led by directors including Siu Rui Quek and Marcus Tan.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Grand Site #444 First Floor 15th Cross 5th Main Sector 06 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.98 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹5.2 Cr (net margin 10.2%) and EBITDA of ₹7.31 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 75% over five years.
The company is associated with 1 brand: Carousell.
Company details
Contact details
Carousell Technology Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGrand Site #444 First Floor 15th Cross 5th Main Sector 06 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Carousell Technology 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
Brands
Carousell Technology operates one associated brand: Carousell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online marketplace platform offering multi-category second-hand products | carousell.sg |
Business activity
The main business activity of Carousell Technology 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 | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Carousell Technology Private Limited, buy the company report.
Financials of Carousell Technology Private Limited
FY 2025 filings availableCarousell Technology Private Limited reported revenue of ₹50.98 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years, including 19% growth in the latest year. EBITDA rose 45% 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 |
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| EBITDA | ₹7.31 Cr | ||||
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| Net Profit (PAT) | ₹5.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 14.3% | ||||
| Net Profit Margin | 10.2% | ||||
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To see the full financial statements and ratios of Carousell Technology Private Limited, buy the company report.
Board of directors of Carousell Technology Private Limited
Carousell Technology has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siu Rui Quek | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
| Nand Kishor Mishra Also directs: SHT Ethermal Private Limited, Thermium Private Limited, Gioia Home Emotions Private Limited and 5 more | Additional Director | 29 Dec 2024 | 1 Years 10 Months | Current |
| Marcus Tan | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Carousell Technology Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Argu Soft India Limited | ₹51.4 Cr (FY 2024) | 4.0% | Gandhinagar, Gujarat, India | |||
| Ncircle Tech Private Limited | ₹51.36 Cr (FY 2024) | 31.0% | Pune, Maharashtra, India | |||
| Transdigm Technologies India Private Limited | ₹51.18 Cr (FY 2025) | -15.0% | Bangalore, Karnataka, India | |||
| Aera Software Technology Private Limited | ₹51.1 Cr (FY 2024) | -3.0% | Pune, Maharashtra, India | |||
| Subha Technical Services Private Limited | ₹51 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Carousell Technology Private Limitedthis company | ₹50.98 Cr (FY 2025) | ₹5.2 Cr | 10.2% | 19.0% | Bangalore, Karnataka, India | |
| Detect Technologies Private Limited | ₹50.98 Cr (FY 2025) | 42.0% | Chennai, Tamil Nadu, India | |||
| Datami Mobile Solutions Private Limited | ₹50.97 Cr (FY 2024) | 35.0% | Bangalore, Karnataka, India | |||
| Greytrix India Private Limited | ₹50.89 Cr (FY 2025) | 6.0% | Navi Mumbai, Maharashtra, India | |||
| Hytech Professionals India Private Limited | ₹50.86 Cr (FY 2025) | 19.0% | Noida, Uttar Pradesh, India | |||
| Ellkay Software Private Limited | ₹50.83 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Carousell Technology Private Limited, buy the company report.
Auditor
Carousell Technology Private Limited is audited by Sudit K. Parekh & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudit K. Parekh & Co. LLP | FY 2023 | 110512W/W100378 |
Shareholding
The shareholding of Carousell Technology Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Carousell Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Carousell Technology 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 Carousell Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Carousell Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC1026D1Z2 | Karnataka | Active | 17 Jun 2019 |
To see the full GST registrations and return filing status of Carousell Technology Private Limited, buy the company report.
Recent activity
Carousell Technology Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Rohit Narendra Lohade ceased to be Director on 31 Dec 2024.
News
Frequently asked questions
Carousell 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 30 March 2019 (7+ years old) and is registered under CIN U72900KA2019FTC122987.
Carousell Technology has 3 current directors:
- Siu Rui Quek - Director
- Nand Kishor Mishra - Additional Director
- Marcus Tan - Director
The latest financial statements of Carousell Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Carousell Technology is 29AAICC1026D1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Carousell Technology is U72900KA2019FTC122987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carousell Technology was incorporated on 30 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Carousell Technology by revenue are Argu Soft India Limited, Ncircle Tech Private Limited, Transdigm Technologies India Private Limited, Aera Software Technology Private Limited, Subha Technical Services Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Rohit Narendra Lohade ceased to be Director on 31 Dec 2024. Nand Kishor Mishra was appointed as Additional Director on 29 Dec 2024. Marcus Tan was appointed as Director on 30 Mar 2019. Carousell Technology has 4 board changes on record in total.
The registered office of Carousell Technology is at Grand Site #444 First Floor 15th Cross 5th Main Sector 06 Hsr Layout, Bangalore, Karnataka, India – 560102.
Carousell Technology operates in the information technology industry, in the application development and software solutions segment.
Carousell Technology has 1 associated brand: Carousell.
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