MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0058711
Neo Rays Software Solutions Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.1 Cr
▼ 56% YoY
Net loss · FY 2024
₹53.64 Lakh
Net margin -13.1%
EBITDA · FY 2024
-₹40.49 Lakh
EBITDA margin -9.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
68
Provident fund records
Directors on board
2
As per MCA filings
About Neo Rays Software Solutions Private Limited
Data last updated:
Neo Rays Software Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015PTC078101. Its GSTIN is 29AAECN8391G1ZZ (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Hadagali Ravikumar and Kavitha Ravikumar Hadagali.
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 No.737 6th Block Dr. Rajkumar Road Rajaji Nagar, Bengaluru, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.1 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹53.64 Lakh (net margin -13.1%) and EBITDA of -₹40.49 Lakh (EBITDA margin -9.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 22% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Neo Rays. Court records list 4 cases involving the company, including 4 filed by the company.
Neo Rays Software Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0058711). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neorays.com.
Company details
CIN U72900KA2015PTC078101
Registration Number 078101
Incorporation Date 05 January 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0058711
Recognitions & Rankings of Neo Rays Software Solutions
Contact details
Neo Rays Software Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is neorays.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.737 6th Block Dr. Rajkumar Road Rajaji Nagar, Bengaluru, Karnataka, India – 560010
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Neo Rays Software Solutions Private Limited, buy the company report.
Comprehensive company report
Neo Rays Software Solutions Private Limited - one report that includes everything
- 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
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Brands
Neo Rays Software Solutions operates one associated brand: Neo Rays. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT solutions, staffing, application development, and consulting services. | neorays.com |
Business activity
The main business activity of Neo Rays Software 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 Neo Rays Software Solutions Private Limited, buy the company report.
Financials of Neo Rays Software Solutions Private Limited
FY 2025 filings availableNeo Rays Software Solutions Private Limited reported revenue of ₹4.1 Cr (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹4.1 Cr ▼ 56%
Net loss · FY 2024
₹53.64 Lakh margin -13.1%
EBITDA · FY 2024
-₹40.49 Lakh margin -9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▲ 16%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 173%
3 years · compounded
▼ 67%
5 years · compounded
▼ 115%
Revenue fell 56% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 173% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹40.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.64 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.9% | ||||
| Net Profit Margin | -13.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Neo Rays Software Solutions Private Limited, buy the company report.
Board of directors of Neo Rays Software Solutions Private Limited
Neo Rays Software Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hadagali Ravikumar Also directs: Pacematrix Solutions Private Limited | Director | 05 Jan 2015 | 11 Years 10 Months | Current |
| Kavitha Ravikumar Hadagali Also directs: Pacematrix Solutions Private Limited | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Neo Rays Software Solutions Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| True Sparrow Systems Private Limited | ₹4.1 Cr (FY 2025) | 9.0% | Vadodara, Gujarat, India | |||
| Strategic Systems IT Solutions Private Limited | ₹4.1 Cr (FY 2025) | 75.0% | Hyderabad, Telangana, India | |||
| Canhealth Analytics Private Limited | ₹4.1 Cr (FY 2024) | 347.0% | Bangalore, Karnataka, India | |||
| BK Software Services India Private Limited | ₹4.1 Cr (FY 2023) | -58.0% | Bangalore, Karnataka, India | |||
| Neo Rays Software Solutions Private Limitedthis company | ₹4.1 Cr (FY 2024) | -₹53.64 Lakh | -13.1% | -56.0% | 68 | Bengaluru, Karnataka, India |
| Flair Agile Technologies Private Limited | ₹4.1 Cr (FY 2024) | -15.0% | Hyderabad, Telangana, India | |||
| Esn Technologies (India) Private Limited | ₹4.1 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Codmentor Private Limited | ₹4.1 Cr (FY 2024) | 411.0% | Wayanad, Kerala, India | |||
| Systema Automation India Private Limited | ₹4.1 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India | |||
| Bizzflo India Private Limited | ₹4.09 Cr (FY 2025) | 28.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Neo Rays Software Solutions Private Limited, buy the company report.
Auditor
Neo Rays Software Solutions Private Limited is audited by N P MAHESH & Co for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N P MAHESH & Co | FY 2021 | 019427S |
Shareholding
The shareholding of Neo Rays Software Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neo Rays Software Solutions Private Limited, buy the company report.
Legal cases
Neo Rays Software Solutions Private Limited has 4 court cases on record: 4 filed by Neo Rays Software Solutions. All cases are disposed.
Total cases
4
Filed by the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Neo Rays Software Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neo Rays Software Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neo Rays Software Solutions Private Limited has a workforce of 68 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
68
Active EPFO establishments
1
Employee growth
-26.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 68 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Neo Rays Software Solutions Private Limited, buy the company report.
GST
Neo Rays Software Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECN8391G1ZZ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neo Rays Software Solutions Private Limited, buy the company report.
Recent activity
Neo Rays Software Solutions Private Limited has 16 board changes on record since 2015: 9 appointments and 7 cessations. The latest: Latha Chukkimallikarjuna ceased to be Director on 12 Nov 2019.
AGM
Neo Rays Software Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Neo Rays Software Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Latha Chukkimallikarjuna ceased to be Director.
Appointed
Kavitha Ravikumar Hadagali was appointed as Director.
Ceased
Prabhu Shankarappa Hadagali ceased to be Director.
Ceased
Amaresh Shivappa Agasimundina ceased to be Additional Director.
Ceased
Amith Shiva Mali ceased to be Additional Director.
Ceased
Kavita Sandeep Kugali ceased to be Additional Director.
Ceased
Shridevi Kenchannavar ceased to be Additional Director.
Ceased
Umesh Venkatesh ceased to be Additional Director.
Appointed
Amaresh Shivappa Agasimundina was appointed as Additional Director.
Appointed
Amith Shiva Mali was appointed as Additional Director.
7 earlier events are in the company report.
Frequently asked questions
Neo Rays Software Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 January 2015 (11+ years old) and is registered under CIN U72900KA2015PTC078101.
Neo Rays Software Solutions has 2 current directors:
- Hadagali Ravikumar - Director
- Kavitha Ravikumar Hadagali - Director
The latest financial statements of Neo Rays Software Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neo Rays Software Solutions is 29AAECN8391G1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Neo Rays Software Solutions is U72900KA2015PTC078101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Rays Software Solutions has 4 court cases on record: 4 filed by the company.
Neo Rays Software Solutions was incorporated on 05 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Neo Rays Software Solutions by revenue are True Sparrow Systems Private Limited, Strategic Systems IT Solutions Private Limited, Canhealth Analytics Private Limited, BK Software Services India Private Limited, Flair Agile Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Latha Chukkimallikarjuna ceased to be Director on 12 Nov 2019. Kavitha Ravikumar Hadagali was appointed as Director on 28 Mar 2019. Prabhu Shankarappa Hadagali ceased to be Director on 28 Mar 2019. Neo Rays Software Solutions has 16 board changes on record in total.
Yes, Neo Rays Software Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0058711).
Neo Rays Software Solutions can be reached through the website neorays.com. Its registered office is in Bengaluru, Karnataka, India.
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