Harnessio R&D Labs India Private Limited
About Harnessio R&D Labs India Private Limited
Data last updated:
Harnessio R&D Labs India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Harness Inc, Usa. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018FTC113739. Its GSTIN is 29AAECH5657H1Z8 (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 Jyoti Kumar Bansal and John Louis Bonney.
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 ₹189.45 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹20.27 Cr (net margin 10.7%) and EBITDA of ₹30.47 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 48% over five years.
The company has about 261 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Harness.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressIndiqube Orion Khatha No. 1802/55/13/55/11B Haralukunte Village 24th Main Road 2nd, Sector, Bangalore, Karnataka, India – 560102
- 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India operates one associated brand: Harness. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Automatic builds, testing, and deployments are managed via self-service platform. | harness.io |
Business Activity of Harnessio R&D Labs India Private Limited
The main business activity of Harnessio R&D Labs India 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 |
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 Harnessio R&D Labs India Private Limited FY 2025 filings available
Harnessio R&D Labs India Private Limited reported revenue of ₹189.45 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Harnessio R&D Labs India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 23% growth in the latest year. EBITDA rose 21% 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 Harnessio R&D Labs India 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 | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.47 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.27 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 Harnessio R&D Labs India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.7% | •••• | •••• | •••• | •••• |
| 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 Harnessio R&D Labs India are in the company report.
Financial statements from FY 2019
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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Kumar Bansal Also directs: Traceableai Software India Private Limited | Director | 16 Jul 2019 | 7 Years 3 Months | Current |
| John Louis Bonney Also directs: Levelops Private Limited | Director | 16 Sep 2022 | 4 Years 1 Months | Current |
| Hanna Steinbach Also directs: Levelops Private Limited, Chaosnative India Private Limited | Director | 25 Feb 2025 | 1 Years 7 Months | Current |
| Raghavendra | Director | 26 Mar 2024 | 2 Years 6 Months | Current |
Peer Comparison of Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India 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 |
|---|---|---|---|---|---|---|
| Hexagon Manufacturing Intelligence India Private Limited | ₹200.65 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Pune, Maharashtra, India |
| Eightfold AI India Private Limited | ₹198.08 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Noida, Uttar Pradesh, India |
| Akal Information Systems Limited | ₹197.69 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | New Delhi, Delhi, India |
| Qliktech India Private Limited | ₹196.68 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
| Viewsonic Technologies India Private Limited | ₹194.55 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Harnessio R&D Labs India Private Limited this company | ₹189.45 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Eclat Health Solutions (India) Private Limited | ₹186.29 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Hyderabad, Telangana, India |
| Techaspect Solutions Private Limited | ₹185.16 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Hyderabad, Telangana, India |
| Winwire Technologies India Private Limited | ₹183.83 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Hyderabad, Telangana, India |
| Xebia Appcino Technologies Private Limited | ₹182.88 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Jaipur, Rajasthan, India |
| Enfusion Softech India Private Limited | ₹181.44 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Harnessio R&D Labs India 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India Private Limited is audited by DHEERAJ S for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DHEERAJ S | 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 Harnessio R&D Labs India 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India Private Limited has 5 MSME Form 1 returns on record between 2022 and 2024, listing 75 overdue payments to 8 micro and small suppliers. 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 (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rakesh Trading Private Limited | •••• | •••• | •••• |
| White October | •••• | •••• | •••• |
| Indiqube Spaces Limited | •••• | •••• | •••• |
| Carpetizers Technology Private Limited | •••• | •••• | •••• |
| Elitmus Evaluation Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India Private Limited has a workforce of 261 employees as of Apr 06, 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India Private Limited has 12 board changes on record since 2018: 4 appointments and 8 cessations. The latest: Hanna Steinbach ceased to be Additional Director on 29 Sep 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Harnessio R&D Labs India 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.
Subsidiaries & Group Companies of Harnessio R&D Labs India 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH5657H1Z8 | Karnataka | Active | 07 Dec 2018 |
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 Harnessio R&D Labs India 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 Harnessio R&D Labs India Private Limited
Harnessio R&D Labs India is an active foreign 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 06 June 2018 (8+ years old) and is registered under CIN U72900KA2018FTC113739.
Harnessio R&D Labs India reported revenue of ₹189.45 Cr for FY 2025 (up 23% YoY).
Harnessio R&D Labs India has 4 current directors:
- Jyoti Kumar Bansal - Director
- John Louis Bonney - Director
- Hanna Steinbach - Director
- Raghavendra - Director
Harnessio R&D Labs India reported a net profit of ₹20.27 Cr (net margin 10.7%) and EBITDA of ₹30.47 Cr (EBITDA margin 16.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harnessio R&D Labs India is 25% over three years and 48% over five years. In the latest year (FY 2025) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harnessio R&D Labs India is 29AAECH5657H1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Harnessio R&D Labs India is U72900KA2018FTC113739. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harnessio R&D Labs India was incorporated on 06 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Harnessio R&D Labs India by revenue are Hexagon Manufacturing Intelligence India Private Limited, Eightfold AI India Private Limited, Akal Information Systems Limited, Qliktech India Private Limited, Viewsonic Technologies India Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Hanna Steinbach ceased to be Additional Director on 29 Sep 2025. Hanna Steinbach was appointed as Director on 25 Feb 2025. Raghavendra ceased to be Additional Director on 29 Sep 2024. Harnessio R&D Labs India has 12 board changes on record in total.
Harnessio R&D Labs India has 5 MSME Form 1 returns on record between 2022 and 2024, listing 75 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Apr 2024.
The registered office of Harnessio R&D Labs India is at Indiqube Orion Khatha No. 180255135511B Haralukunte Village 24th Main Road 2nd, Sector, Bangalore, Karnataka, India – 560102.