Startup India Government of India
Hueristic Devices Private Limited - industrial manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹23.05 Lakh
▼ 44% YoY
Net loss · FY 2022
₹1.28 Lakh
Net margin -5.5%
EBITDA · FY 2022
-₹3.38 Lakh
EBITDA margin -14.7%
Authorised capital
₹1.5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Hueristic Devices Private Limited
Data last updated:
Hueristic Devices Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the manufacturing segment of the industrial manufacturing sector. It was incorporated on 04 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29200KA2019PTC130341. Its GSTIN is 29AAFCH1301M1ZN (Karnataka).
The company has an authorised share capital of ₹1.5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pradeep Laxuman Balkunde and Bontha Samuel Sidney Rajkumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at #198 Cmh Road 2nd Floor Indiranagar Second Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2022, the company reported a revenue of ₹23.05 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -5.5%) and EBITDA of -₹3.38 Lakh (EBITDA margin -14.7%).
The company is associated with 1 brand: Hueristic Devices.
Hueristic Devices Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0128922). For more details, the company can be reached via its website hueristicdevices.com.
Company Details of Hueristic Devices Private Limited
CIN U29200KA2019PTC130341
Registration Number 130341
Incorporation Date 04 December 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0128922
Recognitions & Rankings of Hueristic Devices
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0128922
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#198 Cmh Road 2nd Floor Indiranagar Second Stage, Bangalore, Karnataka, India – 560038
- IndustryIndustrial Manufacturing, Manufacturing, Special Purpose Machinery
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Associated Brands with Hueristic Devices Private Limited
Hueristic Devices operates one associated brand: Hueristic Devices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Affordable environmental testing kits are manufactured for on-site use. | hueristicdevices.com |
Business Activity of Hueristic Devices Private Limited
The main business activity of Hueristic Devices is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Hueristic Devices Private Limited FY 2022 filings available
Hueristic Devices Private Limited reported revenue of ₹23.05 Lakh (down 44% YoY) for FY 2022.
Revenue · FY 2022
₹23.05 Lakh ▼ 44%
Net loss · FY 2022
₹1.28 Lakh margin -5.5%
EBITDA · FY 2022
-₹3.38 Lakh margin -14.7%
Compounded Annual Growth Rate (CAGR) of Hueristic Devices Private Limited
Revenue CAGR growth
1 year
▼ 44%
EBITDA CAGR growth
1 year
▼ 209%
Revenue fell 44% in the latest year. EBITDA fell 209% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Hueristic Devices Private Limited
| Metrics | 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 | -₹3.38 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.28 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 Hueristic Devices Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -14.7% | •••• | •••• |
| Net Profit Margin | -5.5% | •••• | •••• |
| 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 Hueristic Devices are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Hueristic Devices Private Limited
Hueristic Devices has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Laxuman Balkunde Also directs: Foundation for Environmental Monitoring | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
| Bontha Samuel Sidney Rajkumar Also directs: Foundation for Environmental Monitoring | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
Peer Comparison of Hueristic Devices Private Limited
Hueristic Devices Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer, electronic, Communication and scientific measuring & control equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rktrendz Private Limited | ₹23.16 Lakh (FY 2025) | •••• | •••• | 23.0% | •••• | Tumkur, Karnataka, India |
| Nahar Software Private Limited | ₹23.13 Lakh (FY 2024) | •••• | •••• | -22.0% | •••• | Chennai, Tamil Nadu, India |
| Xentech Technologies Private Limited | ₹23.12 Lakh (FY 2019) | •••• | •••• | -24.0% | •••• | Delhi, India |
| Inco Instruments and Medical Devices Private Limited | ₹23.1 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Chandigarh, India |
| Firstclass International Private Limited | ₹23.08 Lakh (FY 2016) | •••• | •••• | •••• | Netaji Subash Palace, Delhi, India | |
| Hueristic Devices Private Limited this company | ₹23.05 Lakh (FY 2022) | •••• | •••• | -44.0% | •••• | Bangalore, Karnataka, India |
| Refroid Technologies Private Limited | ₹23.01 Lakh (FY 2024) | •••• | •••• | -40.0% | •••• | Hyderabad, Telangana, India |
| Densite Technologies Private Limited | ₹22.88 Lakh (FY 2024) | •••• | •••• | •••• | Chitlapakkam, Tamil Nadu, India | |
| Inor Medical Products Limited | ₹22.87 Lakh (FY 2025) | •••• | •••• | 260.0% | •••• | Mumbai, Maharashtra, India |
| Four- Stroke Multi Forms Pvt Ltd | ₹22.85 Lakh (FY 2024) | •••• | •••• | -29.0% | •••• | Rajkot, Gujarat, India |
| Crossone Technology Private Limited | ₹22.8 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Hueristic Devices by revenue in the same principal business activity (Computer, electronic, Communication and scientific measuring & control equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Hueristic Devices Private Limited
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Charges & Borrowings of Hueristic Devices Private Limited
Hueristic Devices Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Hueristic Devices Private Limited
Employment history and EPFO contributions of people linked to Hueristic Devices.
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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 Hueristic Devices Private Limited
Hueristic Devices Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Somashekar Shreyas ceased to be Director on 04 Nov 2022.
Ceased
Somashekar Shreyas ceased to be Director.
AGM
Hueristic Devices Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Hueristic Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Bontha Samuel Sidney Rajkumar was appointed as Director.
Appointed
Pradeep Laxuman Balkunde was appointed as Director.
Incorporation
04 Dec 2019
Hueristic Devices Private Limited was registered on 04 Dec 2019 with Roc Bangalore & aged 6 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Hueristic Devices Private Limited
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MSME Payment Delays by Hueristic Devices Private Limited
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Subsidiaries & Group Companies of Hueristic Devices Private Limited
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GST Compliance of Hueristic Devices Private Limited
Hueristic Devices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCH1301M1ZN | Karnataka | Active | 23 Jan 2020 |
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MCA Filings & Documents of Hueristic Devices Private Limited
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Frequently Asked Questions about Hueristic Devices Private Limited
Hueristic Devices is an active private limited company based in Bangalore, Karnataka, India. The company works in manufacturing, within the industrial manufacturing industry. It was incorporated on 04 December 2019 (7+ years old) and is registered under CIN U29200KA2019PTC130341.
Hueristic Devices reported revenue of ₹23.05 Lakh for FY 2022 (down 44% YoY).
Hueristic Devices has 2 current directors:
- Pradeep Laxuman Balkunde - Director
- Bontha Samuel Sidney Rajkumar - Director
Hueristic Devices reported a net loss of ₹1.28 Lakh (net margin -5.5%) and EBITDA of -₹3.38 Lakh (EBITDA margin -14.7%) for FY 2022, as per its filed financial statements.
The GSTIN of Hueristic Devices is 29AAFCH1301M1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Hueristic Devices is U29200KA2019PTC130341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hueristic Devices was incorporated on 04 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hueristic Devices by revenue are Rktrendz Private Limited, Nahar Software Private Limited, Xentech Technologies Private Limited, Inco Instruments and Medical Devices Private Limited, Firstclass International Private Limited and 5 more, all in the same principal business activity (Computer, electronic, Communication and scientific measuring & control equipment).
Somashekar Shreyas ceased to be Director on 04 Nov 2022. Bontha Samuel Sidney Rajkumar was appointed as Director on 04 Dec 2019. Pradeep Laxuman Balkunde was appointed as Director on 04 Dec 2019.
Yes, Hueristic Devices is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Hueristic Devices is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0128922).