About Circle Internet Tech Private Limited
Data last updated:
Circle Internet Tech Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 July 2018.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC114455. Its GSTIN is 29AAHCC6508P1Z1 (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.56 Lakh. It was led by directors Gaurav Agrawal (Whole-Time Director) and Shashank Shekhar.
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 was at Instaoffice Business Solution Pvt Ltd 1st Floor Spd Plaza 52 Jyoti Niwas College Rd, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.09 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹41.88 Lakh (net margin -139.2%) and EBITDA of -₹41.88 Lakh (EBITDA margin -139.2%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years and 14% over five years.
The company had about 6 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: Circle Internet. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.65 Cr; the latest was in August 2021. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Sazpin Software Private Limited with revenue of ₹30.12 Lakh.
The last known website on record is circle.news.
Company details
Contact details
Circle Internet Tech Private Limited's registered office is in Bangalore, Karnataka. Its website is circle.news. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressInstaoffice Business Solution Pvt Ltd 1st Floor Spd Plaza 52 Jyoti Niwas College Rd, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Circle Internet Tech 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
Circle Internet Tech operates one associated brand: Circle Internet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Local news portal with a focus on Uttar Pradesh | circle.page |
Business activity
The main business activity of Circle Internet Tech is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Circle Internet Tech Private Limited, buy the company report.
Financials of Circle Internet Tech Private Limited
FY 2024 filings availableCircle Internet Tech Private Limited reported revenue of ₹30.09 Lakh (up 8411% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years. EBITDA rose 76% 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 |
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| EBITDA | -₹41.88 Lakh | ||||
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| Net Profit (PAT) | -₹41.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -139.2% | ||||
| Net Profit Margin | -139.2% | ||||
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To see the full financial statements and ratios of Circle Internet Tech Private Limited, buy the company report.
Board of directors of Circle Internet Tech Private Limited
Circle Internet Tech has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Agrawal Also directs: Ekai Intelligence Private Limited | Whole-Time Director | 03 Jul 2018 | 8 Years 3 Months | As last reported |
| Shashank Shekhar Also directs: Kaathphool Ventures LLP, Inkpen Labs Private Limited | Director | 15 Sep 2021 | 5 Years 1 Months | As last reported |
Peer comparison
Circle Internet Tech Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sazpin Software Private Limited | ₹30.12 Lakh (FY 2023) | -47.0% | Bengaluru, Karnataka, India | |||
| Deltazia SCM Solutions Private Limited | ₹30.12 Lakh (FY 2023) | 11.0% | J P Nagar, Karnataka, India | |||
| Automas Communication Private Limited | ₹30.12 Lakh (FY 2025) | 122.0% | Medinipur, West Bengal, India | |||
| Needful Initiatives for Environment Development Private Limited | ₹30.11 Lakh (FY 2025) | 6.0% | Shimla, Himachal Pradesh, India | |||
| Deepsynergy Tech Private Limited | ₹30.1 Lakh (FY 2025) | 81.0% | Burdwan, West Bengal, India | |||
| Circle Internet Tech Private Limitedthis company | ₹30.09 Lakh (FY 2024) | -₹41.88 Lakh | -139.2% | 8411.0% | 6 | Bangalore, Karnataka, India |
| Bassure Solutions Private Limited | ₹30.06 Lakh (FY 2025) | -88.0% | Chennai, Tamil Nadu, India | |||
| Cdix Innovations Private Limited | ₹30.04 Lakh (FY 2024) | 35.0% | Chennai, Tamil Nadu, India | |||
| Topically Advertising & Media Private Limited | ₹30.04 Lakh (FY 2023) | -50.0% | Bangalore, Karnataka, India | |||
| Aimstorm Infotech Private Limited | ₹30.03 Lakh (FY 2019) | Thane, Maharashtra, India | ||||
| Hte Services Private Limited | ₹30.03 Lakh (FY 2024) | Vijaynagar, Karnataka, India |
To see the full peer comparison of Circle Internet Tech Private Limited, buy the company report.
Auditor
Circle Internet Tech Private Limited is audited by JHAWAR MANTRI AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHAWAR MANTRI AND ASSOCIATES | FY 2023 | 113221W |
Shareholding
The shareholding of Circle Internet Tech 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 Circle Internet Tech Private Limited, buy the company report.
Deals & funding
Circle Internet Tech Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.65 Cr; the latest was in August 2021.
Deals on record (4 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Venture Highway, Elevation Capital (SAIF Partners), an individual |
| Mar 2019 | Funding round · Series A | ₹18.3 Lakh | Investors: Venture Highway, an individual |
| Aug 2018 | Funding round · Seed | ₹1 Lakh | Investors: Elevation Capital (SAIF Partners) |
To see the full deal history of Circle Internet Tech Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Circle Internet Tech Private Limited has 2 court cases on record: 1 filed by Circle Internet Tech, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed by the company against M/S G M Cables and Switche Priavte Limited | Disposed |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Circle Internet Tech Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Circle Internet Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Circle Internet Tech Private Limited has a workforce of 6 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Circle Internet Tech has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC6508P1Z1 | Karnataka | Active | 28 Aug 2018 |
| 09AAHCC6508P1Z3 | Uttar Pradesh | Active | 16 Mar 2019 |
To see the full GST registrations and return filing status of Circle Internet Tech Private Limited, buy the company report.
Recent activity
Circle Internet Tech Private Limited has 7 board changes on record since 2018: 2 appointments and 5 cessations. The latest: Priya Mohan ceased to be Nominee Director on 15 Sep 2021.
Frequently asked questions
Circle Internet Tech has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Circle Internet Tech was a private limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 03 July 2018 and is registered under CIN U74999KA2018PTC114455. The company has been struck off by the Registrar of Companies and is no longer operational.
Circle Internet Tech had 2 directors:
- Gaurav Agrawal - Whole-Time Director
- Shashank Shekhar - Director
The CIN (Corporate Identification Number) of Circle Internet Tech is U74999KA2018PTC114455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Circle Internet Tech is at Instaoffice Business Solution Pvt Ltd 1st Floor Spd Plaza 52 Jyoti Niwas College Rd, Bangalore, Karnataka, India – 560034.
Circle Internet Tech was incorporated on 03 July 2018. It is registered with the Registrar of Companies, Bangalore.
Circle Internet Tech can be reached through the website circle.news. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Circle Internet Tech 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 FY 2019 are in the company report.
The GSTIN of Circle Internet Tech is 29AAHCC6508P1Z1, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAHCC6508P1Z3 (Uttar Pradesh).
Circle Internet Tech operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.
Circle Internet Tech has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹33.65 Cr; the latest was in August 2021.