About Gyrit Solutions Private Limited
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Gyrit Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC101790. Its GSTIN is 29AAGCG7689G1ZX (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Narayanan Venkatachari Chakram and Kadambi Seshadri Mohan.
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 364 – 365 9th Main Dollars Colony J.P Nagar 4th Phase Bangalore – 560078, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.29 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹23.81 Lakh (net margin 7.2%) and EBITDA of ₹34.72 Lakh (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 28% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GYRIT Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gyroitsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address364 – 365 9th Main Dollars Colony J.P Nagar 4th Phase Bangalore – 560078, Karnataka, India – 560078
- IndustryInformation Technology, IT Consulting & 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
Associated Brands with Gyrit Solutions Private Limited
Gyrit Solutions operates one associated brand: GYRIT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services encompassing consulting, development, and maintenance in Bangalore. | gyroitsolutions.com |
Business Activity of Gyrit Solutions Private Limited
The main business activity of Gyrit Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy 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 Gyrit Solutions Private Limited FY 2024 filings available
Gyrit Solutions Private Limited reported revenue of ₹3.29 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Gyrit Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 11% growth in the latest year. EBITDA rose 119% 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 Gyrit Solutions 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 | ₹34.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.81 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 Gyrit Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Gyrit Solutions are in the company report.
Financial statements from FY 2017
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 Gyrit Solutions Private Limited
Gyrit Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanan Venkatachari Chakram | Director | 29 Mar 2017 | 9 Years 6 Months | Current |
| Kadambi Seshadri Mohan | Director | 29 Mar 2017 | 9 Years 6 Months | Current |
| Devendra Kumar Also directs: Dejashvi Technologies Private Limited | Director | 29 Mar 2017 | 9 Years 6 Months | Current |
Peer Comparison of Gyrit Solutions Private Limited
Gyrit Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting 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 |
|---|---|---|---|---|---|---|
| Magnfin Financial Consultants Private Limited | ₹3.3 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Thrissur, Kerala, India |
| Edu Global Careers Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Secunderabad, Telangana, India |
| Cedge Ventures Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Shri Lakshmi Saraswathy Investment Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Chennai, Tamil Nadu, India |
| BQSR Quality Assurance Private Limited | ₹3.29 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Gyrit Solutions Private Limited this company | ₹3.29 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Maxcell Systems Private Limited | ₹3.29 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Ibis Technical Consultancy Private Limited | ₹3.29 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Gurgaon, Haryana, India |
| Weneera Consultancy (OPC) Private Limited | ₹3.28 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Mumbai, Maharashtra, India |
| Ignitingminds Guru Private Limited | ₹3.28 Cr (FY 2025) | •••• | •••• | 143.0% | •••• | Raj Nagar-Ll, Delhi, India |
| Ashriya Consultive (OPC) Private Limited | ₹3.28 Cr (FY 2019) | •••• | •••• | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Gyrit Solutions by revenue in the Outsourcing industry (Consulting 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 Gyrit Solutions Private Limited
Gyrit Solutions Private Limited is audited by RAKCHAMPS&CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAKCHAMPS&CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Gyrit Solutions 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 Gyrit Solutions Private Limited
Gyrit Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gyrit Solutions Private Limited
Gyrit Solutions Private Limited has a workforce of 28 employees as of Apr 02, 2024.
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 Gyrit Solutions Private Limited
Gyrit Solutions Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Devendra Kumar was appointed as Director on 29 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts for Gyrit Solutions 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 Gyrit Solutions 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 Gyrit Solutions 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 Gyrit Solutions Private Limited
Gyrit Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCG7689G1ZX | 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 Gyrit Solutions 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 Gyrit Solutions Private Limited
Gyrit Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 March 2017 (9+ years old) and is registered under CIN U72900KA2017PTC101790.
Gyrit Solutions reported revenue of ₹3.29 Cr for FY 2024 (up 11% YoY).
Gyrit Solutions has 3 current directors:
- Narayanan Venkatachari Chakram - Director
- Kadambi Seshadri Mohan - Director
- Devendra Kumar - Director
Gyrit Solutions reported a net profit of ₹23.81 Lakh (net margin 7.2%) and EBITDA of ₹34.72 Lakh (EBITDA margin 10.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gyrit Solutions is 19% over three years and 28% over five years. In the latest year (FY 2024) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gyrit Solutions is 29AAGCG7689G1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Gyrit Solutions is U72900KA2017PTC101790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gyrit Solutions was incorporated on 29 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gyrit Solutions by revenue are Magnfin Financial Consultants Private Limited, Edu Global Careers Private Limited, Cedge Ventures Private Limited, Shri Lakshmi Saraswathy Investment Private Limited, BQSR Quality Assurance Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Devendra Kumar was appointed as Director on 29 Mar 2017. Kadambi Seshadri Mohan was appointed as Director on 29 Mar 2017. Narayanan Venkatachari Chakram was appointed as Director on 29 Mar 2017.
Gyrit Solutions can be reached through the website gyroitsolutions.com. Its registered office is in Bangalore, Karnataka, India.