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Damodar IT Solutions Private Limited - software in Kumta, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2022
₹16,517
▲ 135% YoY
Net loss · FY 2022
₹4,079
Net margin -24.7%
EBITDA · FY 2022
-₹3,190
EBITDA margin -19.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Brands
1
Associated brands
About Damodar IT Solutions Private Limited
Data last updated:
Damodar IT Solutions Private Limited is a private limited company based in Kumta, Karnataka, India, recognised as a startup by DPIIT. It operates in the software products and publishing segment of the software and technology sector. It was incorporated on 01 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2020PTC139237.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1,000. It is led by directors including Shubha Ramnath Shanbhag and Ramnath Vasudev Shanbhag.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at #981/12 1st Floor Mahalaxmi Hanuman Layout Ram Nagar, Kumta, Karnataka, India – 581343.
As per the financials filed for FY 2022, the company reported a revenue of ₹16,517, a growth of 135% compared to the previous year. For the same year it recorded a net loss of ₹4,079 (net margin -24.7%) and EBITDA of -₹3,190 (EBITDA margin -19.3%).
The company is associated with 1 brand: Impact e-POS.
Damodar IT Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-27-0001286). For more details, the company can be reached via its website damodaritsolutions.com.
Company details
CIN U72200KA2020PTC139237
Registration Number 139237
Incorporation Date 01 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-27-0001286
Key People
Shubha Ramnath Shanbhag Director Ramnath Vasudev Shanbhag Director Shyam Ramnath Shanbhag Director Recognitions & Rankings of Damodar IT Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-KR-27-0001286
Contact details
Damodar IT Solutions Private Limited's registered office is in Kumta, Karnataka.
- Social Media
- Registered Address#981/12 1st Floor Mahalaxmi Hanuman Layout Ram Nagar, Kumta, Karnataka, India – 581343
- IndustrySoftware, Software Publishing, Software Development
Comprehensive company report
Damodar IT Solutions Private Limited - one report that includes everything
- 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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Brands
Damodar IT Solutions operates one associated brand: Impact e-POS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides e-POS and payment solutions for businesses. | impactepos.in |
Business activity
The main business activity of Damodar IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities and other information & communication service activities. 2 activity segments are registered with the MCA.
| 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 | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Damodar IT Solutions Private Limited, buy the company report.
Financials of Damodar IT Solutions Private Limited
FY 2022 filings availableDamodar IT Solutions Private Limited reported revenue of ₹16,517 (up 135% YoY) for FY 2022.
Revenue · FY 2022
₹16,517 ▲ 135%
Net loss · FY 2022
₹4,079 margin -24.7%
EBITDA · FY 2022
-₹3,190 margin -19.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 135%
EBITDA CAGR growth
1 year
▼ 467%
Revenue rose 135% in the latest year. EBITDA fell 467% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹3,190 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4,079 | |
| 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 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -19.3% | |
| Net Profit Margin | -24.7% | |
| 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 Damodar IT Solutions Private Limited, buy the company report.
Board of directors of Damodar IT Solutions Private Limited
Damodar IT Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubha Ramnath Shanbhag | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Ramnath Vasudev Shanbhag | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Shyam Ramnath Shanbhag | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
Peer comparison
Damodar IT Solutions 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 |
|---|---|---|---|---|---|---|
| Entrant Technologies Private Limited | ₹16,648 (FY 2024) | -95.0% | Jaipur, Rajasthan, India | |||
| Phoniyo Private Limited | ₹16,614 (FY 2020) | Varanasi, Uttar Pradesh, India | ||||
| Payvoy India Private Limited | ₹16,613 (FY 2024) | 66.0% | Georgepeta, Andhra Pradesh, India | |||
| Vikazana Private Limited | ₹16,606 (FY 2025) | -91.0% | Hyderabad, Telangana, India | |||
| Itgenix Softech Solutions Private Limited | ₹16,600 (FY 2024) | 690.0% | Baghi, Uttar Pradesh, India | |||
| Damodar IT Solutions Private Limitedthis company | ₹16,517 (FY 2022) | -₹4,079 | -24.7% | 135.0% | Kumta, Karnataka, India | |
| Janta Internet Services (OPC) Private Limited | ₹16,500 (FY 2025) | -99.0% | Kalyan, Maharashtra, India | |||
| Occasion Venue Technology Private Limited | ₹16,486 (FY 2023) | 454.0% | Jaipur, Rajasthan, India | |||
| Infobit Solution Private Limited | ₹16,450 (FY 2024) | Ranchi, Jharkhand, India | ||||
| Webicules Technology Private Limited | ₹16,447 (FY 2024) | -65.0% | Noida, Uttar Pradesh, India | |||
| Metrix Technologies Private Limited | ₹16,433 (FY 2025) | -99.0% | Burdwan, West Bengal, India |
To see the full peer comparison of Damodar IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Damodar 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 Damodar 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 Damodar IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Damodar IT Solutions Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Ramnath Vasudev Shanbhag was appointed as Director on 01 Oct 2020.
AGM
Damodar It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Damodar It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Ramnath Vasudev Shanbhag was appointed as Director.
Appointed
Shubha Ramnath Shanbhag was appointed as Director.
Appointed
Shyam Ramnath Shanbhag was appointed as Director.
Incorporation
01 Oct 2020
Damodar It Solutions Private Limited was registered on 01 Oct 2020 with Roc Bangalore & aged 6 years 1 month as per MCA records.
Frequently asked questions
Damodar IT Solutions is an active private limited company based in Kumta, Karnataka, India. The company works in software publishing, within the software industry. It was incorporated on 01 October 2020 (6+ years old) and is registered under CIN U72200KA2020PTC139237.
Damodar IT Solutions has 3 current directors:
- Shubha Ramnath Shanbhag - Director
- Ramnath Vasudev Shanbhag - Director
- Shyam Ramnath Shanbhag - Director
The latest financial statements of Damodar IT Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Damodar IT Solutions is U72200KA2020PTC139237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Damodar IT Solutions was incorporated on 01 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Damodar IT Solutions by revenue are Entrant Technologies Private Limited, Phoniyo Private Limited, Payvoy India Private Limited, Vikazana Private Limited, Itgenix Softech Solutions Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Ramnath Vasudev Shanbhag was appointed as Director on 01 Oct 2020. Shubha Ramnath Shanbhag was appointed as Director on 01 Oct 2020. Shyam Ramnath Shanbhag was appointed as Director on 01 Oct 2020.
Yes, Damodar IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Damodar IT Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-27-0001286).
Damodar IT Solutions can be reached through the website damodaritsolutions.com. Its registered office is in Kumta, Karnataka, India.
The registered office of Damodar IT Solutions is at #98112 1st Floor Mahalaxmi Hanuman Layout Ram Nagar, Kumta, Karnataka, India – 581343.
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