Itprofound India Private Limited
About Itprofound India Private Limited
Data last updated:
Itprofound India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 04 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2018FTC111900. Its GSTIN is 29AAECI8262P1ZR (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sathyamohana Krishna Gavvagi and Dharani Krishna Gavvagi.
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 No.18 Third Floor Gamma Block Sigma Soft – Tech Whitefield Main Road Varthur Hobli, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2022, the company reported a revenue of ₹68.59 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹52,913 (net margin 0.8%) and EBITDA of ₹2.9 Lakh (EBITDA margin 4.2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
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- Registered AddressNo.18 Third Floor Gamma Block Sigma Soft – Tech Whitefield Main Road Varthur Hobli, Bangalore, Karnataka, India – 560048
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business Activity of Itprofound India Private Limited
The main business activity of Itprofound India is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Itprofound India Private Limited FY 2024 filings available
Itprofound India Private Limited reported revenue of ₹68.59 Lakh (down 4% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Itprofound India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 4% fall in the latest year. EBITDA fell 6% 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 Itprofound India Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹68.59 Lakh | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.9 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52,913 | •••• | •••• | •••• |
| 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 Itprofound India Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.2% | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• |
| 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 Itprofound 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.
Auditor Details of Itprofound India Private Limited
Itprofound India Private Limited is audited by B G K & Co LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B G K & Co LLP | 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.
Board of Directors of Itprofound India Private Limited
Itprofound India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathyamohana Krishna Gavvagi | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Dharani Krishna Gavvagi | Director | 04 Apr 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Itprofound 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 Itprofound India Private Limited
Itprofound India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Itprofound India Private Limited
Employment history and EPFO contributions of people linked to Itprofound India.
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.
Group Structure of Itprofound India Private Limited
Itprofound India has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Itprofound India Private Limited
Itprofound India Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Sathyamohana Krishna Gavvagi ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Itprofound 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.
MSME Payment Delays by Itprofound India 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 Itprofound 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 Itprofound India Private Limited
Itprofound India has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI8262P1ZR | Karnataka | Active | 27 May 2018 |
| 37AAECI8262P1ZU | Andhra Pradesh | Active | 03 Feb 2020 |
| 32AAECI8262P1Z4 | Kerala | Active | 07 Dec 2022 |
| 36AAECI8262P1ZW | Telangana | Active | 05 Feb 2023 |
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 Itprofound 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 Itprofound India Private Limited
Itprofound India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 04 April 2018 (8+ years old) and is registered under CIN U72300KA2018FTC111900.
Itprofound India reported revenue of ₹68.59 Lakh for FY 2022 (down 4% YoY).
Itprofound India has 2 current directors:
- Sathyamohana Krishna Gavvagi - Director
- Dharani Krishna Gavvagi - Director
Itprofound India reported a net profit of ₹52,913 (net margin 0.8%) and EBITDA of ₹2.9 Lakh (EBITDA margin 4.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itprofound India is -3% over three years. In the latest year (FY 2022) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itprofound India is 29AAECI8262P1ZR, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 37AAECI8262P1ZU (Andhra Pradesh), 32AAECI8262P1Z4 (Kerala), 36AAECI8262P1ZW (Telangana).
The CIN (Corporate Identification Number) of Itprofound India is U72300KA2018FTC111900. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itprofound India was incorporated on 04 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Sathyamohana Krishna Gavvagi ceased to be Additional Director on 30 Sep 2022. Neha Lavanya Geethika Gudichuttu ceased to be Director on 12 Nov 2018. Sathyamohana Krishna Gavvagi was appointed as Director on 12 Nov 2018. Itprofound India has 4 board changes on record in total.
The registered office of Itprofound India is at No.18 Third Floor Gamma Block Sigma Soft – Tech Whitefield Main Road Varthur Hobli, Bangalore, Karnataka, India – 560048.