MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-12-0013498
Gitex Solutions Private Limited
Gitex Solutions Private Limited - information technology in Davanagere, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2025
₹16.29 Lakh
▲ 70% YoY
Net loss · FY 2025
₹4.94 Lakh
Net margin -30.3%
EBITDA · FY 2025
-₹4.64 Lakh
EBITDA margin -28.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Gitex Solutions Private Limited
Data last updated:
Gitex Solutions Private Limited is a private limited company based in Davanagere, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 20 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC155728.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹50,000. It is led by directors including Marulappa Basavaraj Ashik and Shivakumar Aishwarya.
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 No. 216/1 3rd Main 5th Cross P J Extension, Davanagere, Karnataka, India – 577004.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.29 Lakh, a growth of 70% compared to the previous year. For the same year it recorded a net loss of ₹4.94 Lakh (net margin -30.3%) and EBITDA of -₹4.64 Lakh (EBITDA margin -28.5%). Revenue has grown at a compounded annual rate (CAGR) of 128% over three years.
Gitex Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-12-0013498).
Company Details of Gitex Solutions Private Limited
CIN U72900KA2021PTC155728
Registration Number 155728
Incorporation Date 20 December 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-12-0013498
Key People
Marulappa Basavaraj Ashik Director Shivakumar Aishwarya Director Kuppa Vasudeva Sandeep Director Recognitions & Rankings of Gitex Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo. 216/1 3rd Main 5th Cross P J Extension, Davanagere, Karnataka, India – 577004
- IndustryInformation Technology, Other Computer Related Activities
Comprehensive company report
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Business Activity of Gitex Solutions Private Limited
The main business activity of Gitex Solutions 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 |
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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 Gitex Solutions Private Limited FY 2025 filings available
Gitex Solutions Private Limited reported revenue of ₹16.29 Lakh (up 70% YoY) for FY 2025.
Revenue · FY 2025
₹16.29 Lakh ▲ 70%
Net loss · FY 2025
₹4.94 Lakh margin -30.3%
EBITDA · FY 2025
-₹4.64 Lakh margin -28.5%
Compounded Annual Growth Rate (CAGR) of Gitex Solutions Private Limited
Revenue CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 128%
EBITDA CAGR growth
1 year
▼ 676%
3 years · compounded
▼ 183%
Revenue has grown at a compounded annual rate (CAGR) of 128% over three years, including 70% growth in the latest year. EBITDA fell 676% 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 Gitex Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹4.64 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.94 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 Gitex Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -28.5% | •••• | •••• | •••• |
| Net Profit Margin | -30.3% | •••• | •••• | •••• |
| 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 Gitex Solutions are in the company report.
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Financial statements from FY 2022
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.
Board of Directors of Gitex Solutions Private Limited
Gitex Solutions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Marulappa Basavaraj Ashik | Director | 21 Mar 2022 | 4 Years 7 Months | Current |
| Shivakumar Aishwarya | Director | 21 Mar 2022 | 4 Years 7 Months | Current |
| Kuppa Vasudeva Sandeep Also directs: Gitex Institute of Technology Private Limited | Director | 20 Dec 2021 | 4 Years 10 Months | Current |
| Kuppa Vasudeva Suhas Also directs: Gitex Institute of Technology Private Limited | Director | 20 Dec 2021 | 4 Years 10 Months | Current |
Peer Comparison of Gitex Solutions Private Limited
Gitex Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Analytics Benchmark Private Limited | ₹16.3 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Mu Computer Mind Edutech Private Limited | ₹16.3 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | New Delhi, Delhi, India |
| Abnoq Services Private Limited | ₹16.3 Lakh (FY 2024) | •••• | •••• | 13.0% | •••• | Kanpur, Uttar Pradesh, India |
| Spectrum Technosoft Private Limited | ₹16.3 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Dhub Business Solutions Private Limited | ₹16.3 Lakh (FY 2024) | •••• | •••• | 238.0% | •••• | Eranakulam, Kerala, India |
| Gitex Solutions Private Limited this company | ₹16.29 Lakh (FY 2025) | •••• | •••• | 70.0% | •••• | Davanagere, Karnataka, India |
| Azurenicksat Infotech Private Limited | ₹16.29 Lakh (FY 2016) | •••• | •••• | -40.0% | •••• | Kolkata, West Bengal, India |
| Techdigi Software Private Limited | ₹16.29 Lakh (FY 2025) | •••• | •••• | 40.0% | •••• | Bhopal, Madhya Pradesh, India |
| Fairfaw Technologies Private Limited | ₹16.28 Lakh (FY 2022) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Growthvault Innovations Private Limited | ₹16.27 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Kheri, Uttar Pradesh, India |
| Priyadarshini Integrated Software Solutions Private Limited | ₹16.27 Lakh (FY 2024) | •••• | •••• | -86.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Gitex Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Gitex Solutions Private Limited
Gitex Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gitex Solutions Private Limited
Employment history and EPFO contributions of people linked to Gitex Solutions.
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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 Gitex Solutions Private Limited
Gitex Solutions Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Marulappa Basavaraj Ashik ceased to be Additional Director on 30 Sep 2022.
AGM
Gitex Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gitex Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Marulappa Basavaraj Ashik ceased to be Additional Director.
Ceased
Shivakumar Aishwarya ceased to be Additional Director.
Appointed
Marulappa Basavaraj Ashik was appointed as Director.
Appointed
Shivakumar Aishwarya was appointed as Director.
Appointed
Kuppa Vasudeva Sandeep was appointed as Director.
Appointed
Kuppa Vasudeva Suhas was appointed as Director.
Incorporation
20 Dec 2021
Gitex Solutions Private Limited was registered on 20 Dec 2021 with Roc Bangalore & aged 4 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Gitex Solutions Private Limited
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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 Gitex Solutions Private Limited
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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 Gitex Solutions Private Limited
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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
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GST Compliance of Gitex Solutions Private Limited
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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 Gitex Solutions Private Limited
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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
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- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Gitex Solutions Private Limited
Gitex Solutions is an active private limited company based in Davanagere, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 20 December 2021 (5+ years old) and is registered under CIN U72900KA2021PTC155728.
Gitex Solutions reported revenue of ₹16.29 Lakh for FY 2025 (up 70% YoY).
Gitex Solutions has 4 current directors:
- Marulappa Basavaraj Ashik - Director
- Shivakumar Aishwarya - Director
- Kuppa Vasudeva Sandeep - Director
- Kuppa Vasudeva Suhas - Director
Gitex Solutions reported a net loss of ₹4.94 Lakh (net margin -30.3%) and EBITDA of -₹4.64 Lakh (EBITDA margin -28.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gitex Solutions is 128% over three years. In the latest year (FY 2025) revenue rose 70%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Gitex Solutions is U72900KA2021PTC155728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gitex Solutions was incorporated on 20 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gitex Solutions by revenue are Analytics Benchmark Private Limited, Mu Computer Mind Edutech Private Limited, Abnoq Services Private Limited, Spectrum Technosoft Private Limited, Dhub Business Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Marulappa Basavaraj Ashik ceased to be Additional Director on 30 Sep 2022. Shivakumar Aishwarya ceased to be Additional Director on 30 Sep 2022. Marulappa Basavaraj Ashik was appointed as Director on 21 Mar 2022. Gitex Solutions has 6 board changes on record in total.
Yes, Gitex Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-12-0013498).
The registered office of Gitex Solutions is at No. 2161 3rd Main 5th Cross P J Extension, Davanagere, Karnataka, India – 577004.