Pichain Innovations Private Limited

Pichain Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U72900KA2018PTC118488 Incorporated 13 November 2018 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company information technology DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2024
₹5.45 Cr
▲ 2% YoY
Net loss · FY 2024
₹1.91 Cr
Net margin -35%
EBITDA · FY 2024
-₹1.9 Cr
EBITDA margin -34.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4.87 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered

About Pichain Innovations Private Limited

Data last updated:

Pichain Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 13 November 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC118488. Its GSTIN is 29AAKCP1962B1ZE (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.87 Lakh. It is led by directors including Rishabh Verdia and Charudutt Pawan Meshram.

Its last annual general meeting (AGM) was held on 14 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.

As per the financials filed for FY 2024, the company reported a revenue of ₹5.45 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹1.91 Cr (net margin -35%) and EBITDA of -₹1.9 Cr (EBITDA margin -34.8%). Revenue has grown at a compounded annual rate (CAGR) of 126% over three years.

The company is associated with 1 brand: PiChain. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2022. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Baaz Dynamics Private Limited with revenue of ₹5.46 Cr.

Pichain Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0005831). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pichainlabs.com.

Company details

CIN U72900KA2018PTC118488
Registration Number 118488
Incorporation Date 13 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0005831
Key People
Rishabh Verdia Director Charudutt Pawan Meshram Director Kada Raju Ganesh Director

Recognitions & Rankings of Pichain Innovations

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0005831

Contact details

Pichain Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is pichainlabs.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    pichainlabs.com
  • Social Media
  • Registered Address
    #161 3rd Floor Above Reliance Trends, Vibhuthipura Vignan Nagar Main Road, Bangalore, Karnataka, India – 560037
  • Industry
    Information Technology, Application Development & Software Solutions

To see the full contact details of Pichain Innovations Private Limited, buy the company report.

Comprehensive company report
Pichain Innovations 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

Pichain Innovations operates one associated brand: PiChain. Each brand links to its own profile.

BrandDescriptionWebsite
PiChain
KYC and AML solutions for financial institutions and digital service providerspichainlabs.com

Business activity

The main business activity of Pichain Innovations is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Pichain Innovations Private Limited, buy the company report.

Financials of Pichain Innovations Private Limited

FY 2024 filings available

Pichain Innovations Private Limited reported revenue of ₹5.45 Cr (up 2% YoY) for FY 2024.

Revenue · FY 2024
₹5.45 Cr ▲ 2%
Net loss · FY 2024
₹1.91 Cr margin -35%
EBITDA · FY 2024
-₹1.9 Cr margin -34.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 126%
EBITDA CAGR growth
3 years · compounded
▼ 52%

Revenue has grown at a compounded annual rate (CAGR) of 126% over three years, including 2% growth 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹1.9 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.91 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-34.8%
Net Profit Margin-35%
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

To see the full financial statements and ratios of Pichain Innovations Private Limited, buy the company report.

Board of directors of Pichain Innovations Private Limited

Pichain Innovations has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rishabh Verdia
Also directs: Shree Salasar Investments Limited, Navocem Infra Industries Private Limited, Cemeco Plastering Solutions Private Limited and 5 more
Director24 Dec 20214 Years 10 MonthsCurrent
Charudutt Pawan Meshram
Also directs: Nimit Bhulku Ventures LLP, Anc Solutions Private Limited, Indturbo Propertize Realtech Private Limited
Director18 Feb 20224 Years 8 MonthsCurrent
Kada Raju Ganesh
Also directs: Innovationqore LLP, Gigaflow Technologies LLP, Prickly Cacti LLP and 5 more
Director24 Dec 20214 Years 10 MonthsCurrent
View all directors

Peer comparison

Pichain Innovations Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Baaz Dynamics Private Limited₹5.46 Cr (FY 2025)70.0%Chennai, Tamil Nadu, India
Cimmons Integrated Services Private Limited₹5.46 Cr (FY 2024)38.0%Bengaluru, Karnataka, India
Quadrobay Technologies Private Limited₹5.46 Cr (FY 2024)-24.0%Chennai, Tamil Nadu, India
Elogist Solutions Private Limited₹5.46 Cr (FY 2024)6.0%Jaipur, Rajasthan, India
Digital Obsession Communication Private Limited₹5.45 Cr (FY 2025)37.0%Gurugram, Haryana, India
Pichain Innovations Private Limitedthis company₹5.45 Cr (FY 2024)-₹1.91 Cr-35%2.0%Bangalore, Karnataka, India
St.Croix Systems India Private Limited₹5.45 Cr (FY 2019)-8.0%Hyderabad, Telangana, India
Beeja Innovative Ventures Private Limited₹5.45 Cr (FY 2025)5.0%Chennai, Tamil Nadu, India
Zenmed Solutions Private Limited₹5.45 Cr (FY 2024)10.0%Chennai, Tamil Nadu, India
Reliable Webtel Private Limited₹5.44 Cr (FY 2024)-12.0%Delhi, India
Bytecode Technologies Private Limited₹5.44 Cr (FY 2025)4.0%Mohali, Punjab, India

To see the full peer comparison of Pichain Innovations Private Limited, buy the company report.

Auditor

Pichain Innovations Private Limited is audited by VASANTH AND CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
VASANTH AND COFY 2023008204S

Shareholding

The shareholding of Pichain Innovations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Pichain Innovations Private Limited, buy the company report.

Deals & funding

Pichain Innovations Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2022.

Total deals
4
Rights issues
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹10 Lakh

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2022Rights issue₹1.5 CrInvestors: Turbostart, 3 individuals
Aug 2020Rights issue₹2.87 CrInvestors: Turbostart, 2 individuals
Dec 2019Funding round₹10 LakhInvestors: an individual
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Pichain Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Pichain Innovations has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAKCP1962B1ZEKarnatakaActive06 Feb 2019

To see the full GST registrations and return filing status of Pichain Innovations Private Limited, buy the company report.

Recent activity

Pichain Innovations Private Limited has 9 board changes on record since 2021: 3 appointments and 6 cessations. The latest: Kada Raju Ganesh ceased to be Additional Director on 30 Sep 2022.

AGM
Pichain Innovations Private Limited last Annual general meeting of members was held on 14 Nov 2024 as per latest MCA records.
Filing
Pichain Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Kada Raju Ganesh ceased to be Additional Director.
Ceased
Prasanna Padmanabhan ceased to be Additional Director.
Ceased
Rishabh Verdia ceased to be Additional Director.
Ceased
Charudutt Pawan Meshram ceased to be Additional Director.
Appointed
Charudutt Pawan Meshram was appointed as Director.
Ceased
Arasamma ceased to be Director.
Ceased
Manisha Nandi ceased to be Director.
Appointed
Kada Raju Ganesh was appointed as Director.
Appointed
Rishabh Verdia was appointed as Director.
Incorporation
13 Nov 2018
Pichain Innovations Private Limited was registered on 13 Nov 2018 with Roc Bangalore & aged 7 years 11 months as per MCA records.

Frequently asked questions

Pichain Innovations is an active 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 13 November 2018 (8+ years old) and is registered under CIN U72900KA2018PTC118488.

Pichain Innovations has 3 current directors:

The latest financial statements of Pichain Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 November 2024. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Pichain Innovations is 29AAKCP1962B1ZE, registered in Karnataka.

The CIN (Corporate Identification Number) of Pichain Innovations is U72900KA2018PTC118488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Pichain Innovations has 2 court cases on record: 2 filed against it. 1 is pending.

Pichain Innovations was incorporated on 13 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.

Pichain Innovations has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2022.

The peers of Pichain Innovations by revenue are Baaz Dynamics Private Limited, Cimmons Integrated Services Private Limited, Quadrobay Technologies Private Limited, Elogist Solutions Private Limited, Digital Obsession Communication Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).

Kada Raju Ganesh ceased to be Additional Director on 30 Sep 2022. Prasanna Padmanabhan ceased to be Additional Director on 30 Sep 2022. Rishabh Verdia ceased to be Additional Director on 30 Sep 2022. Pichain Innovations has 9 board changes on record in total.

Yes, Pichain Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).