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Studio Ncore Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.62 Lakh
▼ 50% YoY
Net profit · FY 2025
₹20.17 Lakh
Net margin 68.1%
EBITDA · FY 2025
₹22.84 Lakh
EBITDA margin 77.1%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹4.33 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
1
Provident fund records
Directors on board
2
As per MCA filings
About Studio Ncore Private Limited
Data last updated:
Studio Ncore Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ncore Games Inc and recognised as a startup by DPIIT. It operates in the online gaming platforms segment of the internet and digital services sector. It was incorporated on 01 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC123036. Its GSTIN is 29ABBCS8494H1ZP (Karnataka).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹4.33 Lakh. It is led by directors Kamal Chandran and Sachin Janghel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.62 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹20.17 Lakh (net margin 68.1%) and EBITDA of ₹22.84 Lakh (EBITDA margin 77.1%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 38% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: nCORE Games. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 3 deals on record (1 secondary share transfer, 1 funding round, 1 rights issue), with disclosed funding of ₹17.95 Cr; the latest was in March 2021. Its 6 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 2 larger and 4 smaller; the largest is Drool Ent Private Limited with revenue of ₹29.65 Lakh. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ncoregames.com.
Company details
CIN U72900KA2019PTC123036
Registration Number 123036
Incorporation Date 01 April 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Ncore Games Inc
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Studio Ncore
Contact details
Studio Ncore Private Limited's registered office is in Bangalore, Karnataka. Its website is ncoregames.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.146 /224D 18th Main, 5th Phase J. P. Nagar, Bangalore, Karnataka, India – 560078
- IndustryInternet, Online Gaming Platforms
To see the full contact details of Studio Ncore Private Limited, buy the company report.
Comprehensive company report
Studio Ncore 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
Studio Ncore operates one associated brand: nCORE Games. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile mid-core games are developed and published by nCORE Games. | ncoregames.com |
Business activity
The main business activity of Studio Ncore is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Studio Ncore Private Limited, buy the company report.
Financials of Studio Ncore Private Limited
FY 2025 filings availableStudio Ncore Private Limited reported revenue of ₹29.62 Lakh (down 50% YoY) for FY 2025.
Revenue · FY 2025
₹29.62 Lakh ▼ 50%
Net profit · FY 2025
₹20.17 Lakh margin 68.1%
EBITDA · FY 2025
₹22.84 Lakh margin 77.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▲ 31%
5 years · compounded
▼ 38%
EBITDA CAGR growth
1 year
▲ 122%
3 years · compounded
▲ 27%
5 years · compounded
▼ 26%
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 50% fall in the latest year. EBITDA rose 122% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.17 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.1% | ||||
| Net Profit Margin | 68.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Studio Ncore Private Limited, buy the company report.
Board of directors of Studio Ncore Private Limited
Studio Ncore has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Chandran | Director | 27 Mar 2024 | 2 Years 7 Months | Current |
| Sachin Janghel | Additional Director | 08 Jan 2026 | 0 Years 10 Months | Current |
Peer comparison
Studio Ncore Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Drool Ent Private Limited | ₹29.65 Lakh (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Csharks Games and Solutions Private Limited | ₹29.63 Lakh (FY 2025) | -28.0% | Ernakulam, Kerala, India | |||
| Studio Ncore Private Limitedthis company | ₹29.62 Lakh (FY 2025) | ₹20.17 Lakh | 68.1% | -50.0% | 1 | Bangalore, Karnataka, India |
| Karimi Infotech Private Limited | ₹29.61 Lakh (FY 2025) | 45.0% | Secunderabad, Telangana, India | |||
| RBK Interior World Private Limited | ₹29.6 Lakh (FY 2019) | Ahmed Nagar, Maharashtra, India | ||||
| Keysolutus Private Limited | ₹29.6 Lakh (FY 2024) | 232.0% | Hyderabad, Telangana, India | |||
| Neue Stone Private Limited | ₹29.57 Lakh (FY 2021) | -52.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Studio Ncore Private Limited, buy the company report.
Auditor
Studio Ncore Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Studio Ncore Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Studio Ncore Private Limited, buy the company report.
Deals & funding
Studio Ncore Private Limited has 3 deals on record (1 secondary share transfer, 1 funding round, 1 rights issue), with disclosed funding of ₹17.95 Cr; the latest was in March 2021.
Total deals
3
Secondary share transfer
1
Funding round
1
Rights issue
1
Disclosed funding
₹17.95 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Rights issue | ₹2.3 Lakh | Investors: 4 individuals |
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: Ncore Games Inc Seller: an individual |
To see the full deal history of Studio Ncore Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Studio Ncore Private Limited has 3 court cases on record: 2 filed by Studio Ncore, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Facebook India Online Services Private Limited and 6 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Facebook India Online Services Private Limited and 6 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Twitter Communications India Private Limited Co. | Disposed |
To see the full case history of Studio Ncore Private Limited, buy the company report.
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.
MSME payment delays
Studio Ncore Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Microgenesis Cadsoft Private Limited |
To see the full MSME payment records of Studio Ncore Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Studio Ncore Private Limited has a workforce of 1 employees on its EPFO records as of Oct 2023, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-97.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Studio Ncore Private Limited, buy the company report.
GST
Studio Ncore has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBCS8494H1ZP | Karnataka | Active | 04 Apr 2019 |
To see the full GST registrations and return filing status of Studio Ncore Private Limited, buy the company report.
Recent activity
Studio Ncore Private Limited has 9 board changes on record since 2020: 3 appointments and 6 cessations. The latest: Sachin Janghel was appointed as Additional Director on 08 Jan 2026.
Appointed
Sachin Janghel was appointed as Additional Director.
AGM
Studio Ncore Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Studio Ncore Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Kamal Chandran ceased to be Additional Director.
Ceased
Girish Narang ceased to be Additional Director.
Appointed
Kamal Chandran was appointed as Director.
Ceased
Dayanidhi Gangadharaiah Malagondanahally ceased to be Director.
Ceased
Tejraj Parab Vijay ceased to be Additional Director.
Ceased
Ganesh Handhatt Hande ceased to be Director.
Appointed
Tejraj Parab Vijay was appointed as Director.
Ceased
Thara Baby Jacob ceased to be Director.
Incorporation
01 Apr 2019
Studio Ncore Private Limited was registered on 01 Apr 2019 with Roc Bangalore & aged 7 years 7 months as per MCA records.
News
Frequently asked questions
Studio Ncore is an active private limited company based in Bangalore, Karnataka, India. The company works in online gaming platforms, within the internet industry. It was incorporated on 01 April 2019 (7+ years old) and is registered under CIN U72900KA2019PTC123036.
Studio Ncore has 2 current directors:
- Kamal Chandran - Director
- Sachin Janghel - Additional Director
The latest financial statements of Studio Ncore on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Studio Ncore is 29ABBCS8494H1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Studio Ncore is U72900KA2019PTC123036. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Studio Ncore has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the district courts.
Studio Ncore was incorporated on 01 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Studio Ncore has 3 deals on record (1 secondary share transfer, 1 funding round, 1 rights issue), with disclosed funding of ₹17.95 Cr; the latest was in March 2021.
The peers of Studio Ncore by revenue are Drool Ent Private Limited, Csharks Games and Solutions Private Limited, Karimi Infotech Private Limited, RBK Interior World Private Limited, Keysolutus Private Limited and 1 more, all in the same principal business activity (other professional, scientific and technical activities).
Sachin Janghel was appointed as Additional Director on 08 Jan 2026. Kamal Chandran ceased to be Additional Director on 14 Nov 2024. Girish Narang ceased to be Additional Director on 29 Mar 2024. Studio Ncore has 9 board changes on record in total.
Yes, Studio Ncore is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Studio Ncore has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Aug 2023.
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