Droplet Offshore Services Private Limited
About Droplet Offshore Services Private Limited
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Droplet Offshore Services Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Digitalocean, Llc., Delaware, Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016FTC086851. Its GSTIN is 29AAFCD6323B2ZX (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sudhanshu Sunil Desai and W Matthew Steinfort.
Its last annual general meeting (AGM) was held on 26 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹146.56 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹16.09 Cr (net margin 11%) and EBITDA of ₹43.29 Cr (EBITDA margin 29.5%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 43% over five years.
The company has about 110 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Droplet Offshore Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#55 C – I Basement Floor, S V Complex Kr Road, Bangalore, Karnataka, India – 560004
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Droplet Offshore Services 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 Droplet Offshore Services Private Limited
FY 2024 filings availableDroplet Offshore Services Private Limited reported revenue of ₹146.56 Cr (up 64% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 64% growth in the latest year. EBITDA rose 147% 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 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 | ₹146.56 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹43.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.09 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.5% | ||||
| Net Profit Margin | 11% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Droplet Offshore Services Private Limited, buy the company report.
Board of directors of Droplet Offshore Services Private Limited
Droplet Offshore Services has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amanda Charlotte Barry | Additional Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Sudhanshu Sunil Desai | Director | 21 Feb 2024 | 2 Years 8 Months | Current |
| W Matthew Steinfort | Director | 25 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Droplet Offshore Services Private Limited is audited by S B S S & CO LLP CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B S S & CO LLP CHARTERED ACCOUNTANTS | FY 2023 | 015735S/S200035 |
Shareholding
The shareholding of Droplet Offshore Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Droplet Offshore Services Private Limited, buy the company report.
Legal cases
Droplet Offshore Services Private Limited has 1 court case on record: 1 filed by Droplet Offshore Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Assistant Commissioner of Central Tax | Disposed |
To see the full case history of Droplet Offshore Services 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 Droplet Offshore Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Droplet Offshore Services Private Limited has a workforce of 110 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Droplet Offshore Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCD6323B2ZX | Karnataka | Active | 01 Jul 2017 |
| 27AAFCD6323B1Z2 | Maharashtra | Active | 13 Dec 2023 |
To see the full GST registrations and return filing status of Droplet Offshore Services Private Limited, buy the company report.
Recent activity
Droplet Offshore Services Private Limited has 17 board changes on record since 2017: 5 appointments and 12 cessations. The latest: Amanda Charlotte Barry was appointed as Additional Director on 17 Oct 2025.
8 earlier events are in the company report.
Frequently asked questions
Droplet Offshore Services 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 10 March 2016 (10+ years old) and is registered under CIN U72200KA2016FTC086851.
Droplet Offshore Services has 3 current directors:
- Amanda Charlotte Barry - Additional Director
- Sudhanshu Sunil Desai - Director
- W Matthew Steinfort - Director
The latest financial statements of Droplet Offshore Services on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 26 June 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Droplet Offshore Services is 29AAFCD6323B2ZX, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAFCD6323B1Z2 (Maharashtra).
The CIN (Corporate Identification Number) of Droplet Offshore Services is U72200KA2016FTC086851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Droplet Offshore Services has 1 court case on record: 1 filed by the company.
Droplet Offshore Services was incorporated on 10 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Amanda Charlotte Barry was appointed as Additional Director on 17 Oct 2025. Sudhanshu Sunil Desai ceased to be Additional Director on 12 Aug 2024. W Matthew Steinfort ceased to be Additional Director on 12 Aug 2024. Droplet Offshore Services has 17 board changes on record in total.
The registered office of Droplet Offshore Services is at #55 C – I Basement Floor, S V Complex Kr Road, Bangalore, Karnataka, India – 560004.
Droplet Offshore Services operates in the information technology industry, in the application development and software solutions segment.
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