DPIIT recognised startup Government of India
Startup India
Qift Solutech Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹58.63 Cr
▲ 146% YoY
Net loss · FY 2024
₹14.68 Cr
Net margin -25%
EBITDA · FY 2024
-₹14.21 Cr
EBITDA margin -24.2%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹10.88 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Qift Solutech Private Limited
Data last updated:
Qift Solutech Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Epowerx Learning Technologies Private Limited and recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 07 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC112875. Its GSTIN is 29AAACQ5366Q1ZM (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10.88 Lakh. It is led by directors including Krishna Yasoda Bandaru and Suryanarayanan Paneer Selvam.
Its last annual general meeting (AGM) was held on 30 December 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 ₹58.63 Cr, a growth of 146% compared to the previous year. For the same year it recorded a net loss of ₹14.68 Cr (net margin -25%) and EBITDA of -₹14.21 Cr (EBITDA margin -24.2%). Revenue has grown at a compounded annual rate (CAGR) of 252% over three years and 188% over five years.
The company is associated with 1 brand: Crio. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 7 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹16 Cr; the latest was in October 2023. Its 10 peer companies in the Ecommerce and Internet industry (Education) are compared by revenue, 5 larger and 5 smaller; the largest is Oss Education Private Limited with revenue of ₹62.01 Cr.
Qift Solutech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0003663). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website crio.do.
Company Details of Qift Solutech Private Limited
CIN U72900KA2018PTC112875
Registration Number 112875
Incorporation Date 07 May 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2024
Date of Balance Sheet 31 March 2024
Parent Company Epowerx Learning Technologies Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0003663
Key People
Krishna Yasoda Bandaru Director Suryanarayanan Paneer Selvam Nominee Director Sarangarajan Iyengar Vijayaraghavan Nominee Director Recognitions & Rankings of Qift Solutech
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0003663
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressWorkshaala Xenon 2nd Floor 100 Feetroad, Chandra Reddy Avs Layout Ejipura, Bangalore, Karnataka, India – 560001
- IndustryInternet, Online Service Marketplaces
Comprehensive company report
Qift Solutech 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Qift Solutech Private Limited
The main business activity of Qift Solutech is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Premium access
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 Qift Solutech Private Limited FY 2024 filings available
Qift Solutech Private Limited reported revenue of ₹58.63 Cr (up 146% YoY) for FY 2024.
Revenue · FY 2024
₹58.63 Cr ▲ 146%
Net loss · FY 2024
₹14.68 Cr margin -25%
EBITDA · FY 2024
-₹14.21 Cr margin -24.2%
Compounded Annual Growth Rate (CAGR) of Qift Solutech Private Limited
Revenue CAGR growth
1 year
▲ 146%
3 years · compounded
▲ 252%
5 years · compounded
▲ 188%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▼ 32%
5 years · compounded
▼ 136%
Revenue has grown at a compounded annual rate (CAGR) of 188% over five years, including 146% growth in the latest year. EBITDA rose 48% 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 Qift Solutech 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 | -₹14.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.68 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 of Qift Solutech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25% | •••• | •••• | •••• | •••• |
| 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 Qift Solutech are in the company report.
Premium access
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.
Board of Directors of Qift Solutech Private Limited
Qift Solutech has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Yasoda Bandaru Also directs: Epowerx Learning Technologies Private Limited | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Suryanarayanan Paneer Selvam | Nominee Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Sarangarajan Iyengar Vijayaraghavan Also directs: Epowerx Learning Technologies Private Limited | Nominee Director | 10 Nov 2022 | 3 Years 11 Months | Current |
Peer Comparison of Qift Solutech Private Limited
Qift Solutech Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oss Education Private Limited | ₹62.01 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Delhi, India |
| Xseed Education Private Limited | ₹61.1 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Bengaluru, Karnataka, India |
| BB Virtuals Private Limited | ₹60.94 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
| Millennium Education Management Private Limited | ₹59.95 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Noida, Uttar Pradesh, India |
| Zell Education Private Limited | ₹58.66 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Mumbai, Maharashtra, India |
| Qift Solutech Private Limited this company | ₹58.63 Cr (FY 2024) | •••• | •••• | 146.0% | •••• | Bangalore, Karnataka, India |
| Sultan Chand and Sons Pvt Ltd | ₹57.39 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Jalaram Baba Children's Nest Education Private Limited | ₹57.07 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Iit-Ian's Pace Education Private Limited | ₹56.66 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Pathfinder Publishing Private Limited | ₹55.7 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| Oriental Publishers and Distributors Private Limited | ₹55.21 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Qift Solutech by revenue in the Ecommerce and Internet industry (Education), 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 Qift Solutech Private Limited
Qift Solutech Private Limited is audited by MDA & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA & Co | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Qift Solutech Private Limited
Premium access
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 Qift Solutech Private Limited
Qift Solutech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Qift Solutech Private Limited
Qift Solutech Private Limited has 7 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹16 Cr; the latest was in October 2023.
Total deals
7
Funding rounds
2
Secondary share transfers
2
Convertible or debt financing
1
Rights issue
1
Disclosed funding
₹16 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: Skill Lync Inc. Seller: Epowerx Learning Technologies Private Limited |
| Nov 2022 | Rights issue | ₹8.49 Cr | Investors: Epowerx Learning Technologies Private Limited |
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: Epowerx Learning Technologies Private Limited Seller: 4 individuals |
| Sep 2022 | Funding round | ₹1 Cr | Investors: Xeed Ventures (021 Capital) |
| Jul 2020 | Funding round · Pre-Series A | ₹8 Cr | Investors: Xeed Ventures (021 Capital), an individual |
Premium access
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Qift Solutech Private Limited
Qift Solutech Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked on 21 Sep 2026.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (APPL) | Filed against the company by an individual | Pending |
| District court, Ambala, Haryana | Criminal miscellaneous application | Filed against the company by State of Haryana | Disposed |
Premium access
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Qift Solutech Private Limited
Employment history and EPFO contributions of people linked to Qift Solutech.
Premium access
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 Qift Solutech Private Limited
Qift Solutech Private Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Krishna Yasoda Bandaru was appointed as Director on 14 Aug 2024.
AGM
Qift Solutech Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records.
Appointed
Krishna Yasoda Bandaru was appointed as Director.
Filing
Qift Solutech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Rathinamurthy Rathinasamy ceased to be Whole-Time Director.
Ceased
Sailesh Tulshan ceased to be Director.
Appointed
Sarangarajan Iyengar Vijayaraghavan was appointed as Nominee Director.
Appointed
Suryanarayanan Paneer Selvam was appointed as Nominee Director.
Ceased
Sridher Jeyachandran ceased to be Managing Director.
Incorporation
07 May 2018
Qift Solutech Private Limited was registered on 07 May 2018 with Roc Bangalore & aged 8 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Qift Solutech Private Limited
Premium access
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 Qift Solutech Private Limited
Premium access
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 Qift Solutech Private Limited
Premium access
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 Qift Solutech Private Limited
Qift Solutech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ5366Q1ZM | Karnataka | Active | 27 Jun 2018 |
Premium access
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 Qift Solutech Private Limited
Premium access
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.
Related news about Qift Solutech Private Limited
Frequently Asked Questions about Qift Solutech Private Limited
Qift Solutech is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 07 May 2018 (8+ years old) and is registered under CIN U72900KA2018PTC112875.
Qift Solutech reported revenue of ₹58.63 Cr for FY 2024 (up 146% YoY).
Qift Solutech has 3 current directors:
- Krishna Yasoda Bandaru - Director
- Suryanarayanan Paneer Selvam - Nominee Director
- Sarangarajan Iyengar Vijayaraghavan - Nominee Director
Qift Solutech reported a net loss of ₹14.68 Cr (net margin -25%) and EBITDA of -₹14.21 Cr (EBITDA margin -24.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Qift Solutech is 252% over three years and 188% over five years. In the latest year (FY 2024) revenue rose 146%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Qift Solutech is 29AAACQ5366Q1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Qift Solutech is U72900KA2018PTC112875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qift Solutech has 2 court cases on record: 2 filed against it. 1 is pending.
Qift Solutech was incorporated on 07 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Qift Solutech has 7 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹16 Cr; the latest was in October 2023.
The peers of Qift Solutech by revenue are Oss Education Private Limited, Xseed Education Private Limited, BB Virtuals Private Limited, Millennium Education Management Private Limited, Zell Education Private Limited and 5 more, all in the Ecommerce and Internet industry (Education).