About Elseq Technologies Private Limited
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Elseq Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 23 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2014PTC074994. Its GSTIN is 29AADCE6958R1ZL (Karnataka).
The company has an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹1.03 Lakh. It is led by directors including Srivatsan Devarajan and Anand Gurumurthy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4374 Ground Floor 13th Main 'A' Block Subramanyanagar, Bangalore, Karnataka, India – 560021.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.19 Cr, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹10.11 Lakh (net margin -8.5%) and EBITDA of -₹8.94 Lakh (EBITDA margin -7.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
The company is associated with 1 brand: ELSEQ.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elseq.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address4374 Ground Floor 13th Main 'A' Block Subramanyanagar, Bangalore, Karnataka, India – 560021
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Elseq Technologies Private Limited
The main business activity of Elseq Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Elseq Technologies Private Limited FY 2025 filings available
Elseq Technologies Private Limited reported revenue of ₹1.19 Cr (down 85% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Elseq Technologies Private Limited
Revenue fell 85% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 730% 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 of Elseq Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹8.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹10.11 Lakh | •••• | •••• | •••• | •••• |
| 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 of Elseq Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Elseq Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Elseq Technologies Private Limited
Elseq Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sharpheads Technologies Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Force Power Infotech Private Limited | ₹1.2 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| Enableit Clouderp Solutions Private Limited | ₹1.2 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Gurugram, Haryana, India |
| Expand Software Solutions Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Visakhapatnam, Telangana, India |
| Digiaction Technology Solutions Private Limited | ₹1.19 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Serilingampally, Hyderabad, Telangana, India |
| Elseq Technologies Private Limited this company | ₹1.19 Cr (FY 2024) | •••• | •••• | -85.0% | •••• | Bangalore, Karnataka, India |
| Sybergate Technologies Private Limited | ₹1.19 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Ambattur, Tamil Nadu, India |
| DPD Technologies LLP | ₹1.19 Cr (FY 2021) | •••• | •••• | -66.0% | •••• | Delhi, India |
| Bhor Software Private Limited | ₹1.19 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Navi Mumbai, Maharashtra, India |
| Softpro India Computer Technologies Private Limited | ₹1.19 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Lucknow, Uttar Pradesh, India |
| Macro Business Solutions Private Limited | ₹1.19 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Elseq Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Elseq Technologies Private Limited
Auditor information for Elseq Technologies Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Elseq Technologies Private Limited
Elseq Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srivatsan Devarajan | Director | 23 Jun 2014 | 12 Years 3 Months | Current |
| Anand Gurumurthy | Director | 04 Feb 2015 | 11 Years 8 Months | Current |
| Sundararajan Venkatesh | Director | 22 Feb 2017 | 9 Years 7 Months | Current |
Ownership and Shareholding of Elseq Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Elseq Technologies Private Limited
Elseq Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Elseq Technologies Private Limited
Employment history and EPFO contributions of people linked to Elseq Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Elseq Technologies Private Limited
Elseq Technologies Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Karthikeyan Balaji Dhanapal ceased to be Director on 07 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Elseq Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Elseq Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Elseq Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Elseq Technologies Private Limited
Elseq Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE6958R1ZL | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Elseq Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elseq Technologies Private Limited
Elseq Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 23 June 2014 (12+ years old) and is registered under CIN U72900KA2014PTC074994.
Elseq Technologies reported revenue of ₹1.19 Cr for FY 2024 (down 85% YoY).
Elseq Technologies has 3 current directors:
- Srivatsan Devarajan - Director
- Anand Gurumurthy - Director
- Sundararajan Venkatesh - Director
Elseq Technologies reported a net loss of ₹10.11 Lakh (net margin -8.5%) and EBITDA of -₹8.94 Lakh (EBITDA margin -7.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elseq Technologies is 13% over three years and 5% over five years. In the latest year (FY 2024) revenue fell 85%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elseq Technologies is 29AADCE6958R1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Elseq Technologies is U72900KA2014PTC074994. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elseq Technologies was incorporated on 23 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Elseq Technologies by revenue are Sharpheads Technologies Private Limited, Force Power Infotech Private Limited, Enableit Clouderp Solutions Private Limited, Expand Software Solutions Private Limited, Digiaction Technology Solutions Private Limited and 5 more, all in the Information Technology industry (Software Services).
Karthikeyan Balaji Dhanapal ceased to be Director on 07 Sep 2023. Sundararajan Venkatesh ceased to be Additional Director on 29 Sep 2017. Sundararajan Venkatesh was appointed as Director on 22 Feb 2017. Elseq Technologies has 5 board changes on record in total.
Yes, Elseq Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).