Nirvar Tech Private Limited
About Nirvar Tech Private Limited
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Nirvar Tech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 27 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC118047.
The company has an authorised share capital of ₹50,000 and a paid-up capital of ₹50,000. It is led by directors Soubhagya Laxmi Sahoo and Gayadhar Swain.
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 C – 10 Vinayaka Meadows 5 Cross Chikka Banaswadi Main Road, Bangalore, Karnataka, India – 560033.
As per the financials filed for FY 2022, the company reported a revenue of ₹15,000, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹900 (net margin -6%) and EBITDA of -₹900 (EBITDA margin -6%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years.
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- Registered AddressC – 10 Vinayaka Meadows 5 Cross Chikka Banaswadi Main Road, Bangalore, Karnataka, India – 560033
- IndustryInformation Technology, Other Computer Related Activities
- 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 Nirvar Tech Private Limited
The main business activity of Nirvar Tech 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 Nirvar Tech Private Limited FY 2022 filings available
Nirvar Tech Private Limited reported revenue of ₹15,000 (down 86% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Nirvar Tech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 46% over three years, including a 86% fall in the latest year. EBITDA rose 92% 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 Nirvar Tech Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| 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 | -₹900 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹900 | •••• | •••• | •••• |
| 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 Nirvar Tech Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -6% | •••• | •••• | •••• |
| Net Profit Margin | -6% | •••• | •••• | •••• |
| 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 Nirvar Tech 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.
Peer Comparison of Nirvar Tech Private Limited
Nirvar Tech Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirvar Tech Private Limited this company | ₹15,000 (FY 2022) | •••• | •••• | -86.0% | •••• | Bangalore, Karnataka, India |
| Claratrade India Private Limited | ₹15,000 (FY 2023) | •••• | •••• | 150.0% | •••• | New Delhi, Delhi, India |
| Zodient Consulting Private Limited | ₹15,000 (FY 2025) | •••• | •••• | -99.0% | •••• | Bangalore, Karnataka, India |
| Sourab Infotech Private Limited | ₹15,000 (FY 2024) | •••• | •••• | •••• | Vjjayawada, Andhra Pradesh, India | |
| Lets Make Solutions Simple Private Limited | ₹15,000 (FY 2021) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Spence Techno Solutions Private Limited | ₹15,000 (FY 2022) | •••• | •••• | •••• | Navi Mumbai, Maharashtra, India | |
| Budgetaddaa E-Commerce Services Private Limited | ₹15,000 (FY 2024) | •••• | •••• | -79.0% | •••• | Indore, Madhya Pradesh, India |
| Andgate Informatics Private Limited | ₹15,000 (FY 2023) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| JTS Jupiter Teleinfra Services Private Limited | ₹15,000 (FY 2022) | •••• | •••• | -87.0% | •••• | Nashik, Maharashtra, India |
| Karveli Tech (OPC) Private Limited | ₹15,000 (FY 2022) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Rendition Network Private Limited | ₹15,000 (FY 2024) | •••• | •••• | 3.0% | •••• | Bhubaneswar, Odisha, India |
Peers are the five companies nearest above and the five nearest below Nirvar Tech by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Nirvar Tech Private Limited
Nirvar Tech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soubhagya Laxmi Sahoo | Director | 27 Oct 2018 | 7 Years 11 Months | Current |
| Gayadhar Swain | Director | 27 Oct 2018 | 7 Years 11 Months | Current |
Ownership and Shareholding of Nirvar Tech 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 Nirvar Tech Private Limited
Nirvar Tech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Nirvar Tech Private Limited
Employment history and EPFO contributions of people linked to Nirvar Tech.
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 Nirvar Tech Private Limited
Nirvar Tech Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Gayadhar Swain was appointed as Director on 27 Oct 2018.
Credit Ratings, Litigation & Regulatory Alerts for Nirvar Tech 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 Nirvar Tech 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 Nirvar Tech 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 Nirvar Tech Private Limited
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 Nirvar Tech 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 Nirvar Tech Private Limited
Nirvar Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 27 October 2018 (8+ years old) and is registered under CIN U72900KA2018PTC118047.
Nirvar Tech reported revenue of ₹15,000 for FY 2022 (down 86% YoY).
Nirvar Tech has 2 current directors:
- Soubhagya Laxmi Sahoo - Director
- Gayadhar Swain - Director
Nirvar Tech reported a net loss of ₹900 (net margin -6%) and EBITDA of -₹900 (EBITDA margin -6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nirvar Tech is -46% over three years. In the latest year (FY 2022) revenue fell 86%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Nirvar Tech is U72900KA2018PTC118047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirvar Tech was incorporated on 27 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nirvar Tech by revenue are Claratrade India Private Limited, Zodient Consulting Private Limited, Sourab Infotech Private Limited, Lets Make Solutions Simple Private Limited, Spence Techno Solutions Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Gayadhar Swain was appointed as Director on 27 Oct 2018. Soubhagya Laxmi Sahoo was appointed as Director on 27 Oct 2018.
The registered office of Nirvar Tech is at C – 10 Vinayaka Meadows 5 Cross Chikka Banaswadi Main Road, Bangalore, Karnataka, India – 560033.
Nirvar Tech has an authorised share capital of ₹50,000 and a paid-up capital of ₹50,000.