About Itechways Solutions Private Limited
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Itechways Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017PTC116461. Its GSTIN is 36AAECI4626F1ZP (Telangana).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Tarakaram Thumati and Purushotham Ampavathini.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2019, the company reported a revenue of ₹11.98 Lakh, a growth of 28% compared to the previous year. For the same year it recorded a net loss of ₹4.29 Lakh (net margin -35.8%) and EBITDA of -₹4.07 Lakh (EBITDA margin -33.9%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itechways.com.
Company details
Contact details
Itechways Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is itechways.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#3 – 225 & 226 3rd Floor Mahendra Mindspace Mms Divya Diamond Junction Kavuri Hills, Phase 2rd, Hyderabad, Telangana, India – 500033
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Itechways Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Itechways Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Itechways Solutions Private Limited, buy the company report.
Financials of Itechways Solutions Private Limited
FY 2019 filings availableItechways Solutions Private Limited reported revenue of ₹11.98 Lakh (up 28% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 28% in the latest year. EBITDA rose 19% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹11.98 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.07 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.29 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
| Metrics | FY 2018-19 | FY 2017-18 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -33.9% | |
| Net Profit Margin | -35.8% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Itechways Solutions Private Limited, buy the company report.
Board of directors of Itechways Solutions Private Limited
Itechways Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarakaram Thumati Also directs: Freshload International LLP, Sweetsdude Private Limited, Terrain Exports and Imports Private Limited and 4 more | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Purushotham Ampavathini | Director | 04 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Itechways Solutions Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Keyshield Consulting (OPC) Private Limited | ₹11.99 Lakh (FY 2019) | -28.0% | Bodakdev, Ahmedabad, Gujarat, India | |||
| Brill Techno Private Limited | ₹11.99 Lakh (FY 2016) | 23.0% | Jaipur, Rajasthan, India | |||
| Activork Solutions Private Limited | ₹11.98 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Itechways Solutions Private Limitedthis company | ₹11.98 Lakh (FY 2019) | -₹4.29 Lakh | -35.8% | 28.0% | Hyderabad, Telangana, India | |
| Soft Services Solutions Private Limited | ₹11.97 Lakh (FY 2025) | -54.0% | Bangalore, Karnataka, India | |||
| CVH Softwares Private Limited | ₹11.96 Lakh (FY 2016) | -39.0% | Belgaum, Karnataka, India | |||
| Intelvert Private Limited | ₹11.95 Lakh (FY 2022) | -84.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Itechways Solutions Private Limited, buy the company report.
Auditor
Itechways Solutions Private Limited is audited by TIRUMALESH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TIRUMALESH & CO | FY 2019 | 018005S |
Shareholding
The shareholding of Itechways Solutions Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Itechways Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Itechways Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Itechways Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Itechways Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECI4626F1ZP | Telangana | Active | 24 Oct 2019 |
To see the full GST registrations and return filing status of Itechways Solutions Private Limited, buy the company report.
Recent activity
Itechways Solutions Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Naveenkumar Gadhamsetty ceased to be Director on 04 Sep 2019.
Frequently asked questions
Itechways Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 11 April 2017 (9+ years old) and is registered under CIN U72900TG2017PTC116461.
Itechways Solutions has 2 current directors:
- Tarakaram Thumati - Director
- Purushotham Ampavathini - Director
The latest financial statements of Itechways Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Itechways Solutions is 36AAECI4626F1ZP, registered in Telangana.
The CIN (Corporate Identification Number) of Itechways Solutions is U72900TG2017PTC116461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itechways Solutions was incorporated on 11 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Itechways Solutions by revenue are Keyshield Consulting (OPC) Private Limited, Brill Techno Private Limited, Activork Solutions Private Limited, Soft Services Solutions Private Limited, CVH Softwares Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Naveenkumar Gadhamsetty ceased to be Director on 04 Sep 2019. Purushotham Ampavathini was appointed as Director on 04 Sep 2019. Tarakaram Thumati was appointed as Director on 11 Apr 2017.
Itechways Solutions can be reached through the website itechways.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Itechways Solutions is at #3 – 225 & 226 3rd Floor Mahendra Mindspace Mms Divya Diamond Junction Kavuri Hills, Phase 2rd, Hyderabad, Telangana, India – 500033.
Itechways Solutions operates in the information technology industry, in the application development and software solutions segment.