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Firstprinciple Appsforbharat Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹69.6 Cr
▲ 234% YoY
Net loss · FY 2025
₹45.28 Cr
Net margin -65.1%
EBITDA · FY 2025
-₹44.67 Cr
EBITDA margin -64.2%
Authorised capital
₹51.17 Lakh
Registered with MCA
Paid-up capital
₹45.97 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
95
Provident fund records
Directors on board
4
As per MCA filings
About Firstprinciple Appsforbharat Private Limited
Data last updated:
Firstprinciple Appsforbharat Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC141630. Its GSTIN is 29AAECF3454C1ZT (Karnataka).
The company has an authorised share capital of ₹51.17 Lakh and a paid-up capital of ₹45.97 Lakh. It is led by directors including Anunay Sachan and Prashant Sachan.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹69.6 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹45.28 Cr (net margin -65.1%) and EBITDA of -₹44.67 Cr (EBITDA margin -64.2%). Revenue has grown at a compounded annual rate (CAGR) of 210% over three years.
The company has about 95 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Punyasetu and AppsForBharat. Court records list 4 cases involving the company, including 4 filed by the company; 3 cases are pending. The company has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹411.8 Cr; the latest was in July 2025. Its 10 peer companies in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Crayon IT Services Private Limited with revenue of ₹73.5 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
Firstprinciple Appsforbharat Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0114132). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website appsforbharat.com.
Company Details of Firstprinciple Appsforbharat Private Limited
CIN U72900KA2020PTC141630
Registration Number 141630
Incorporation Date 28 November 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0114132
Recognitions & Rankings of Firstprinciple Appsforbharat
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0114132
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address29/1 27th Main Road, Somasundarapalya Hsr Post, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
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Associated Brands with Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat operates two associated brands: Punyasetu and AppsForBharat. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering live darshana and online pooja services. | punyasetu.com | |
| A platform is provided for devotional services and spiritual products. | appsforbharat.com |
Business Activity of Firstprinciple Appsforbharat Private Limited
The main business activity of Firstprinciple Appsforbharat is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
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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 Firstprinciple Appsforbharat Private Limited FY 2025 filings available
Firstprinciple Appsforbharat Private Limited reported revenue of ₹69.6 Cr (up 234% YoY) for FY 2025.
Revenue · FY 2025
₹69.6 Cr ▲ 234%
Net loss · FY 2025
₹45.28 Cr margin -65.1%
EBITDA · FY 2025
-₹44.67 Cr margin -64.2%
Compounded Annual Growth Rate (CAGR) of Firstprinciple Appsforbharat Private Limited
Revenue CAGR growth
1 year
▲ 234%
3 years · compounded
▲ 210%
Revenue has grown at a compounded annual rate (CAGR) of 210% over three years, including 234% growth 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 Firstprinciple Appsforbharat Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹69.6 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹44.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹45.28 Cr | •••• | •••• | •••• | •••• |
| 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 Firstprinciple Appsforbharat Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -65.1% | •••• | •••• | •••• | •••• |
| 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 Firstprinciple Appsforbharat are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anunay Sachan | Director | 28 Nov 2020 | 5 Years 10 Months | Current |
| Prashant Sachan | Director | 28 Nov 2020 | 5 Years 10 Months | Current |
| Mayank Khanduja Also directs: Light Ray Advisors LLP, Nobroker Technologies Solutions Private Limited, Mohalla Tech Private Limited and 2 more | Nominee Director | 16 Sep 2021 | 5 Years 1 Months | Current |
| Ashish Kumar Also directs: Fundamentum Investment Advisors LLP, Fundamentum Frontier Advisors LLP, Fundamentum Frontier Founders LLP and 4 more | Nominee Director | 07 Oct 2024 | 2 Years 0 Months | Current |
Peer Comparison of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crayon IT Services Private Limited | ₹73.5 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Mumbai, Maharashtra, India |
| Beyontec 2Nable Solutions Private Limited | ₹73.32 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Kandanchavadi, Tamil Nadu, India |
| Intergraph Sg&I India Private Limited | ₹73.29 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Iksula Services Private Limited | ₹73.22 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
| Customer Analytics India Private Limited | ₹72.82 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Chennai, Tamil Nadu, India |
| Hexaview Technologies Private Limited | ₹71.71 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | New Delhi, Delhi, India |
| Claysys Technologies Private Limited | ₹71.61 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Kakkanad, Kerala, India |
| Cranes Software International Limited Listed | ₹71.35 Cr (FY 2022) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Garudauav Soft Solutions Private Limited | ₹71.29 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | West Mumbai, Maharashtra, India |
| Mastech Digital India Private Limited | ₹70.2 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Firstprinciple Appsforbharat Private Limited this company | ₹69.6 Cr (FY 2025) | •••• | •••• | 234.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Firstprinciple Appsforbharat by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Firstprinciple Appsforbharat Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹411.8 Cr; the latest was in July 2025.
Total deals
8
Funding rounds
5
Secondary share transfers
2
Convertible or debt financing
1
Disclosed funding
₹411.8 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round · Series C | ₹152.52 Cr | Investors: SIG, Fundamentum Partnership, Elevation Capital (SAIF Partners) |
| Sep 2024 | Funding round · Series B | ₹149.12 Cr | Investors: Fundamentum Partnership, SIG, Elevation Capital (SAIF Partners) |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Mirae Asset Global Investments, MSA Novo, 2 individuals Seller: Trell Experiences Private Limited |
| Sep 2021 | Funding round · Series A | ₹71.92 Cr | Investors: Elevation Capital (SAIF Partners), Peak XV Partners (Sequoia India and SEA), Beenext |
| Mar 2021 | Funding round · Pre-seed | ₹80,000 | Investors: Trell Experiences Private Limited |
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Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited has 4 court cases on record: 4 filed by Firstprinciple Appsforbharat. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Way2news Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against an individual | Pending |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against The State of Madhya Pradesh | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed by the company against an individual | Disposed |
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Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Data Logics India Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited has a workforce of 95 employees as of Apr 09, 2024.
Employee count
95
Active EPFO establishments
1
Employee growth
30.14%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Ashish Kumar was appointed as Nominee Director on 07 Oct 2024.
AGM
Firstprinciple Appsforbharat Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Firstprinciple Appsforbharat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Ashish Kumar was appointed as Nominee Director.
Appointed
Mayank Khanduja was appointed as Nominee Director.
Appointed
Anunay Sachan was appointed as Director.
Appointed
Prashant Sachan was appointed as Director.
Incorporation
28 Nov 2020
Firstprinciple Appsforbharat Private Limited was registered on 28 Nov 2020 with Roc Bangalore & aged 5 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Firstprinciple Appsforbharat Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Firstprinciple Appsforbharat Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF3454C1ZT | Karnataka | Active | 21 Jan 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Firstprinciple Appsforbharat Private Limited
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MCA filings and documents
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Related news about Firstprinciple Appsforbharat Private Limited
Frequently Asked Questions about Firstprinciple Appsforbharat Private Limited
Firstprinciple Appsforbharat 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 28 November 2020 (6+ years old) and is registered under CIN U72900KA2020PTC141630.
Firstprinciple Appsforbharat reported revenue of ₹69.6 Cr for FY 2025 (up 234% YoY).
Firstprinciple Appsforbharat has 4 current directors:
- Anunay Sachan - Director
- Prashant Sachan - Director
- Mayank Khanduja - Nominee Director
- Ashish Kumar - Nominee Director
Firstprinciple Appsforbharat reported a net loss of ₹45.28 Cr (net margin -65.1%) and EBITDA of -₹44.67 Cr (EBITDA margin -64.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Firstprinciple Appsforbharat is 210% over three years. In the latest year (FY 2025) revenue rose 234%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Firstprinciple Appsforbharat is 29AAECF3454C1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Firstprinciple Appsforbharat is U72900KA2020PTC141630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstprinciple Appsforbharat has 4 court cases on record: 4 filed by the company. 3 are pending. Most are in the district courts.
Firstprinciple Appsforbharat was incorporated on 28 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Firstprinciple Appsforbharat has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹411.8 Cr; the latest was in July 2025.
The peers of Firstprinciple Appsforbharat by revenue are Crayon IT Services Private Limited, Beyontec 2Nable Solutions Private Limited, Intergraph Sg&I India Private Limited, Iksula Services Private Limited, Customer Analytics India Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Ashish Kumar was appointed as Nominee Director on 07 Oct 2024. Mayank Khanduja was appointed as Nominee Director on 16 Sep 2021. Anunay Sachan was appointed as Director on 28 Nov 2020. Firstprinciple Appsforbharat has 4 board changes on record in total.