About Satwic Software Solutions Private Limited
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Satwic Software Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC040307. Its GSTIN is 29AAACQ1416B2ZX (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Qualsol Software Technologies Private Limited. It is led by directors Sadashiva Sharada Naik Jagannatha and Ponnachanda Muthappa Diveen.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 9/36 2nd Floor Vaishnavi Sapphire Centre, Mumbai Bangalore Highway Near Vaishnavi Sapphire Tumkur Road, Karnataka, India – 560022.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.83 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹2.31 Cr (net margin 29.4%) and EBITDA of ₹1.19 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 11% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Satwic.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website satwic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address9/36 2nd Floor Vaishnavi Sapphire Centre, Mumbai Bangalore Highway Near Vaishnavi Sapphire Tumkur Road, Karnataka, India – 560022
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Satwic Software Solutions Private Limited
The main business activity of Satwic Software Solutions 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 Satwic Software Solutions Private Limited FY 2025 filings available
Satwic Software Solutions Private Limited reported revenue of ₹7.83 Cr (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Satwic Software Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 38% growth in the latest year. EBITDA rose 26% 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 Satwic Software Solutions 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 | ₹1.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.31 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Satwic Software Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 29.4% | •••• | •••• | •••• | •••• |
| 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 Satwic Software Solutions are in the company report.
Financial statements from 2015
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 Satwic Software Solutions Private Limited
Satwic Software Solutions 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 |
|---|---|---|---|---|---|---|
| Golden Plover Private Limited | ₹7.84 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Edustoke Private Limited | ₹7.84 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Zapdesk ITES Solutions Private Limited | ₹7.84 Cr (FY 2023) | •••• | •••• | 0.0% | •••• | Bangalore, Karnataka, India |
| Doctus Business Solutions Private Limited | ₹7.84 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Andhra Pradesh, India |
| Infinira Software Private Limited | ₹7.83 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Coimbatore, Tamil Nadu, India |
| Satwic Software Solutions Private Limited this company | ₹7.83 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Bangalore, Karnataka, India |
| Logic Factor India Private Limited | ₹7.83 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| Openprise Technologies Private Limited | ₹7.83 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Jangareddigudem, Andhra Pradesh, India |
| Dialstar Labs Private Limited | ₹7.82 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Mumbai, Maharashtra, India |
| Banyan Intelligence Private Limited | ₹7.82 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Redtech Network India Private Limited | ₹7.81 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Satwic Software Solutions 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 Satwic Software Solutions Private Limited
Satwic Software Solutions Private Limited is audited by G Murali & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G Murali & Co | 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 Satwic Software Solutions Private Limited
Satwic Software Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadashiva Sharada Naik Jagannatha | Director | 03 Apr 2019 | 7 Years 6 Months | Current |
| Ponnachanda Muthappa Diveen | Director | 27 Oct 2022 | 3 Years 11 Months | Current |
Ownership and Shareholding of Satwic Software Solutions 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 Satwic Software Solutions Private Limited
Satwic Software Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Satwic Software Solutions Private Limited
Satwic Software Solutions operates one associated brand: Satwic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT advisory, consulting, outsourcing, and managed support to enterprises. | satwic.com |
Employees and EPFO Compliance at Satwic Software Solutions Private Limited
Satwic Software Solutions Private Limited has a workforce of 28 employees as of Apr 08, 2024.
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 Satwic Software Solutions Private Limited
Satwic Software Solutions Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Ponnachanda Muthappa Diveen was appointed as Director on 27 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Satwic Software Solutions 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 Satwic Software Solutions 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 Satwic Software Solutions 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 Satwic Software Solutions Private Limited
Satwic Software Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ1416B2ZX | Karnataka | Active | 08 Jul 2017 |
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 Satwic Software Solutions 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 Satwic Software Solutions Private Limited
Satwic Software Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 August 2006 (20+ years old) and is registered under CIN U72200KA2006PTC040307.
Satwic Software Solutions reported revenue of ₹7.83 Cr for FY 2024 (up 38% YoY).
Satwic Software Solutions has 2 current directors:
- Sadashiva Sharada Naik Jagannatha - Director
- Ponnachanda Muthappa Diveen - Director
Satwic Software Solutions reported a net profit of ₹2.31 Cr (net margin 29.4%) and EBITDA of ₹1.19 Cr (EBITDA margin 15.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Satwic Software Solutions is 40% over three years and 11% over five years. In the latest year (FY 2024) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Satwic Software Solutions is 29AAACQ1416B2ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Satwic Software Solutions is U72200KA2006PTC040307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satwic Software Solutions was incorporated on 28 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Satwic Software Solutions by revenue are Golden Plover Private Limited, Edustoke Private Limited, Zapdesk ITES Solutions Private Limited, Doctus Business Solutions Private Limited, Infinira Software Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Ponnachanda Muthappa Diveen was appointed as Director on 27 Oct 2022. Sadashiva Sharada Naik Jagannatha was appointed as Director on 03 Apr 2019. Kamalesh Munoor ceased to be Director on 03 Jan 2019. Satwic Software Solutions has 4 board changes on record in total.
Satwic Software Solutions can be reached through the website satwic.com. Its registered office is in Bangalore, Karnataka, India.