About Steadyground Technologies Private Limited
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Steadyground Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2014PTC074902. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹30.29 Lakh. It is led by directors including Ravi Venkataratna and Kunhumpidukkal Sachindran.
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 O – 8 Chaitanya Samarpan Kannamandala Kadugodi Pos Hoskote Main Road, Bangalore, Karnataka, India – 560067.
As per the financials filed for FY 2020, the company reported a revenue of ₹11.74 Lakh, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹10.71 Lakh (net margin 91.3%) and EBITDA of ₹10.97 Lakh (EBITDA margin 93.5%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website steadygroundtechnologies.com.
Company details
Contact details
Steadyground Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is steadygroundtechnologies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressO – 8 Chaitanya Samarpan Kannamandala Kadugodi Pos Hoskote Main Road, Bangalore, Karnataka, India – 560067
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Steadyground Technologies Private Limited, buy the company report.
- 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
Financials of Steadyground Technologies Private Limited
FY 2022 filings availableSteadyground Technologies Private Limited reported revenue of ₹11.74 Lakh (up 68% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over three years, including 68% growth in the latest year. EBITDA rose 437% 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹11.74 Lakh | ||||
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| EBITDA | ₹10.97 Lakh | ||||
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| Net Profit (PAT) | ₹10.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 93.5% | ||||
| Net Profit Margin | 91.3% | ||||
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To see the full financial statements and ratios of Steadyground Technologies Private Limited, buy the company report.
Board of directors of Steadyground Technologies Private Limited
Steadyground Technologies has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Venkataratna Also directs: Growayu Technologies Private Limited | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Kunhumpidukkal Sachindran | Director | 16 Jun 2016 | 10 Years 4 Months | Current |
| Sai Kumar Jayanty Also directs: Growayu Technologies Private Limited | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Steadyground Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bizarre Software Solutions Private Limited | ₹11.76 Lakh (FY 2024) | -23.0% | Coimbatore, Tamil Nadu, India | |||
| Pure ITES Limited | ₹11.76 Lakh (FY 2023) | -15.0% | Surat, Gujarat, India | |||
| Steadyground Technologies Private Limitedthis company | ₹11.74 Lakh (FY 2020) | ₹10.71 Lakh | 91.3% | 68.0% | Bangalore, Karnataka, India | |
| Cetas Solutions Private Limited | ₹11.72 Lakh (FY 2019) | Pune, Maharashtra, India | ||||
| Gravitia Solutions Private Limited | ₹11.67 Lakh (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Aces Skynet Private Limited | ₹11.63 Lakh (FY 2019) | 29.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Steadyground Technologies Private Limited, buy the company report.
Auditor
Steadyground Technologies Private Limited is audited by V S HARISH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V S HARISH & CO | FY 2018 | 007512S |
Shareholding
The shareholding of Steadyground Technologies Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Steadyground Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Steadyground Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Steadyground Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Steadyground Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Steadyground Technologies Private Limited, buy the company report.
Recent activity
Steadyground Technologies Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Ravi Venkataratna ceased to be Whole-Time Director on 27 Aug 2018.
Frequently asked questions
Steadyground Technologies 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 17 June 2014 (12+ years old) and is registered under CIN U72900KA2014PTC074902.
Steadyground Technologies has 3 current directors:
- Ravi Venkataratna - Director
- Kunhumpidukkal Sachindran - Director
- Sai Kumar Jayanty - Director
The latest financial statements of Steadyground Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Steadyground Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Steadyground Technologies is U72900KA2014PTC074902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steadyground Technologies was incorporated on 17 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Steadyground Technologies by revenue are Bizarre Software Solutions Private Limited, Pure ITES Limited, Cetas Solutions Private Limited, Gravitia Solutions Private Limited, Aces Skynet Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Ravi Venkataratna ceased to be Whole-Time Director on 27 Aug 2018. Sai Kumar Jayanty ceased to be Whole-Time Director on 20 Jun 2018. Kunhumpidukkal Sachindran ceased to be Director on 26 Nov 2016. Steadyground Technologies has 8 board changes on record in total.
Steadyground Technologies can be reached through the website steadygroundtechnologies.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Steadyground Technologies is at O – 8 Chaitanya Samarpan Kannamandala Kadugodi Pos Hoskote Main Road, Bangalore, Karnataka, India – 560067.
Steadyground Technologies operates in the information technology industry, in the application development and software solutions segment.