MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0156559
Finoit Digital Technology Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹15.27 Lakh
▲ 62% YoY
Net profit · FY 2023
₹1.55 Lakh
Net margin 10.2%
EBITDA · FY 2023
₹1.75 Lakh
EBITDA margin 11.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Finoit Digital Technology Private Limited
Data last updated:
Finoit Digital Technology Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC139658. Its GSTIN is 29AAECF2781J1ZA (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srinivas Kiran and Munirathna.
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 is at No 203 Vaastu Regency Apartment Talakaveri Layout All Cross Road, Bangalore, Karnataka, India – 560017.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.27 Lakh, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹1.55 Lakh (net margin 10.2%) and EBITDA of ₹1.75 Lakh (EBITDA margin 11.4%).
Finoit Digital Technology Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0156559). For more details, the company can be reached via its website finoitdigital.com.
Company details
CIN U72900KA2020PTC139658
Registration Number 139658
Incorporation Date 12 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0156559
Recognitions & Rankings of Finoit Digital Technology
Contact details
Finoit Digital Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is finoitdigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 203 Vaastu Regency Apartment Talakaveri Layout All Cross Road, Bangalore, Karnataka, India – 560017
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Finoit Digital Technology Private Limited, buy the company report.
Comprehensive company report
Finoit Digital Technology 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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Financials of Finoit Digital Technology Private Limited
FY 2024 filings availableFinoit Digital Technology Private Limited reported revenue of ₹15.27 Lakh (up 62% YoY) for FY 2023.
Revenue · FY 2023
₹15.27 Lakh ▲ 62%
Net profit · FY 2023
₹1.55 Lakh margin 10.2%
EBITDA · FY 2023
₹1.75 Lakh margin 11.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 62%
EBITDA CAGR growth
1 year
▲ 73%
Revenue rose 62% in the latest year. EBITDA rose 73% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹15.27 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.75 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.55 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 11.4% | ||
| Net Profit Margin | 10.2% | ||
| 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 Finoit Digital Technology Private Limited, buy the company report.
Board of directors of Finoit Digital Technology Private Limited
Finoit Digital Technology has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Kiran Also directs: Saubhratra Ventures LLP | Additional Director | 16 Apr 2025 | 1 Years 6 Months | Current |
| Munirathna | Additional Director | 16 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Finoit Digital Technology Private Limited is audited by Raju Prasad And Puneeth for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raju Prasad And Puneeth | FY 2023 | 015854S |
Shareholding
The shareholding of Finoit Digital Technology Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Finoit Digital Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finoit Digital 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 Finoit Digital Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finoit Digital Technology Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Finoit Digital Technology has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF2781J1ZA | Karnataka | Active | 11 Nov 2020 |
To see the full GST registrations and return filing status of Finoit Digital Technology Private Limited, buy the company report.
Recent activity
Finoit Digital Technology Private Limited has 6 board changes on record since 2022: 3 appointments and 3 cessations. The latest: Munirathna was appointed as Additional Director on 16 Apr 2025.
Appointed
Munirathna was appointed as Additional Director.
Appointed
Srinivas Kiran was appointed as Additional Director.
Ceased
Tejuru Rudregowda Santhosh ceased to be Director.
AGM
Finoit Digital Technology Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Finoit Digital Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Chikmagalur Somashekara Chethana ceased to be Additional Director.
Appointed
Chikmagalur Somashekara Chethana was appointed as Director.
Ceased
Kestur Srinivasa Chethan Kumar ceased to be Director.
Incorporation
12 Oct 2020
Finoit Digital Technology Private Limited was registered on 12 Oct 2020 with Roc Bangalore & aged 6 years 12 days as per MCA records.
Frequently asked questions
Finoit Digital Technology is an active 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 12 October 2020 (6+ years old) and is registered under CIN U72900KA2020PTC139658.
Finoit Digital Technology has 2 current directors:
- Srinivas Kiran - Additional Director
- Munirathna - Additional Director
The latest financial statements of Finoit Digital Technology 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 2021 are in the company report.
The GSTIN of Finoit Digital Technology is 29AAECF2781J1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Finoit Digital Technology is U72900KA2020PTC139658. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finoit Digital Technology was incorporated on 12 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Munirathna was appointed as Additional Director on 16 Apr 2025. Srinivas Kiran was appointed as Additional Director on 16 Apr 2025. Tejuru Rudregowda Santhosh ceased to be Director on 16 Apr 2025. Finoit Digital Technology has 6 board changes on record in total.
Yes, Finoit Digital Technology is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0156559).
Finoit Digital Technology can be reached through the website finoitdigital.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Finoit Digital Technology is at No 203 Vaastu Regency Apartment Talakaveri Layout All Cross Road, Bangalore, Karnataka, India – 560017.