About Polymage Labs Private Limited
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Polymage Labs 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 06 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC108449.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.57 Lakh. It is led by directors Uday Kumar Reddy Bondhugula and Sangamitra Jammula.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #198 Cmh Road 2nd Floor Suite # 432 Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.85 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹24.11 Lakh (net margin -8.5%) and EBITDA of -₹30.49 Lakh (EBITDA margin -10.7%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
The company is associated with 1 brand: PolyMage Labs.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polymagelabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#198 Cmh Road 2nd Floor Suite # 432 Indiranagar, Bangalore, Karnataka, India – 560038
- 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 Polymage Labs Private Limited
The main business activity of Polymage Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Polymage Labs Private Limited FY 2025 filings available
Polymage Labs Private Limited reported revenue of ₹2.85 Cr (down 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Polymage Labs Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over three years, including a 44% fall in the latest year. EBITDA fell 114% 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 Polymage Labs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | -₹30.49 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹24.11 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 of Polymage Labs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.5% | •••• | •••• | •••• | •••• |
| 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 Polymage Labs are in the company report.
Financial statements from FY 2018
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 Polymage Labs Private Limited
Polymage Labs Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Virtuous Assistant and Cloud Technologies Private Limited | ₹2.85 Cr (FY 2024) | •••• | •••• | 169.0% | •••• | New Delhi, Delhi, India |
| Xreality Solutions Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Mumbai, Maharashtra, India |
| Kernelsphere Technologies Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Hydernagar, Telangana, India |
| Talluri Technologies Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Chota Hospital Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Rohtak, Haryana, India |
| Polymage Labs Private Limited this company | ₹2.85 Cr (FY 2024) | •••• | •••• | -44.0% | •••• | Bangalore, Karnataka, India |
| Oao Info India Private Limited | ₹2.85 Cr (FY 2022) | •••• | •••• | 226.0% | •••• | Pune, Maharashtra, India |
| Saaa Consultants Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Mumbai, Maharashtra, India |
| Scalesdm India Private Limited | ₹2.85 Cr (FY 2024) | •••• | •••• | 525.0% | •••• | New Delhi, Delhi, India |
| Affluence Digital Solutions India Private Limited | ₹2.85 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Delhi, India |
| Codebia Solutions Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Panipat, Haryana, India |
Peers are the five companies nearest above and the five nearest below Polymage Labs by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Polymage Labs Private Limited
Polymage Labs Private Limited is audited by G N B & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G N B & ASSOCIATES | 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 Polymage Labs Private Limited
Polymage Labs has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uday Kumar Reddy Bondhugula | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Sangamitra Jammula | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Polymage Labs 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 Polymage Labs Private Limited
Polymage Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Polymage Labs Private Limited
Polymage Labs operates one associated brand: PolyMage Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops advanced compilers and code generators for AI frameworks and hardware optimization. | polymagelabs.com |
Employees and EPFO Compliance at Polymage Labs Private Limited
Employment history and EPFO contributions of people linked to Polymage Labs.
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 Polymage Labs Private Limited
Polymage Labs Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Sangamitra Jammula was appointed as Director on 06 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Polymage Labs 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 Polymage Labs 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 Polymage Labs 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 Polymage Labs 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 Polymage Labs 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 Polymage Labs Private Limited
Polymage Labs 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 06 December 2017 (9+ years old) and is registered under CIN U74999KA2017PTC108449.
Polymage Labs reported revenue of ₹2.85 Cr for FY 2024 (down 44% YoY).
Polymage Labs has 2 current directors:
- Uday Kumar Reddy Bondhugula - Director
- Sangamitra Jammula - Director
Polymage Labs reported a net loss of ₹24.11 Lakh (net margin -8.5%) and EBITDA of -₹30.49 Lakh (EBITDA margin -10.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Polymage Labs is -12% over three years. In the latest year (FY 2024) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Polymage Labs is U74999KA2017PTC108449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polymage Labs was incorporated on 06 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Polymage Labs by revenue are Virtuous Assistant and Cloud Technologies Private Limited, Xreality Solutions Private Limited, Kernelsphere Technologies Private Limited, Talluri Technologies Private Limited, Chota Hospital Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Sangamitra Jammula was appointed as Director on 06 Dec 2017. Uday Kumar Reddy Bondhugula was appointed as Director on 06 Dec 2017.
Yes, Polymage Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Polymage Labs can be reached through the website polymagelabs.com. Its registered office is in Bangalore, Karnataka, India.