Targetclose Technology India Private Limited
About Targetclose Technology India Private Limited
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Targetclose Technology India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Targetclose Llc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 08 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012FTC065821. Its GSTIN is 29AAECT3851H1Z4 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Bhaskara Kempaiah and David Henry Bruno.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.49 Cr, a decline of 67% compared to the previous year. For the same year it recorded a net profit of ₹14.06 Lakh (net margin 9.5%) and EBITDA of ₹21.53 Lakh (EBITDA margin 14.5%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 4% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Targetclose Technology India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address254/D 16th Main, Lakedew Residency, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Software Development & Support Services, Computer Hardware Manufacturing & Retail
To see the full contact details of Targetclose Technology India 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
Business activity
The main business activity of Targetclose Technology India is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Targetclose Technology India Private Limited, buy the company report.
Financials of Targetclose Technology India Private Limited
FY 2026 filings availableTargetclose Technology India Private Limited reported revenue of ₹1.49 Cr (down 67% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 67% fall in the latest year. EBITDA fell 70% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.06 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 9.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Targetclose Technology India Private Limited, buy the company report.
Board of directors of Targetclose Technology India Private Limited
Targetclose Technology India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskara Kempaiah Also directs: Rthu Labs LLP, Bluewave Fresh & Sustainable Foods Private Limited, Organic Mandya Desi Farms Private Limited and 3 more | Director | 19 Mar 2019 | 7 Years 7 Months | Current |
| David Henry Bruno | Director | 08 Jul 2021 | 5 Years 4 Months | Current |
| Kelly Crawford Perdew | Director | 08 Sep 2012 | 14 Years 2 Months | Current |
Auditor
Targetclose Technology India Private Limited is audited by CGS & Co. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CGS & Co. | FY 2026 | 005830S |
Shareholding
The shareholding of Targetclose Technology India Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Targetclose Technology India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Targetclose Technology India 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
Targetclose Technology India Private Limited has 2 MSME Form 1 returns on record between 2021 and 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 |
|---|---|---|---|
| Armstrong International Consultants |
To see the full MSME payment records of Targetclose Technology India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Targetclose Technology India Private Limited has a workforce of 4 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 4 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Targetclose Technology India Private Limited, buy the company report.
GST
Targetclose Technology India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECT3851H1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Targetclose Technology India Private Limited, buy the company report.
Recent activity
Targetclose Technology India Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Kelly Crawford Perdew ceased to be Director on 11 Jul 2025.
Frequently asked questions
Targetclose Technology India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 08 September 2012 (14+ years old) and is registered under CIN U72200KA2012FTC065821.
Targetclose Technology India has 3 current directors:
- Bhaskara Kempaiah - Director
- David Henry Bruno - Director
- Kelly Crawford Perdew - Director
The latest financial statements of Targetclose Technology India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Targetclose Technology India is 29AAECT3851H1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Targetclose Technology India is U72200KA2012FTC065821. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Targetclose Technology India was incorporated on 08 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Kelly Crawford Perdew ceased to be Director on 11 Jul 2025. David Henry Bruno ceased to be Additional Director on 29 Nov 2021. Oded Noy ceased to be Director on 26 Jul 2021. Targetclose Technology India has 7 board changes on record in total.
Targetclose Technology India has 2 MSME Form 1 returns on record between 2021 and 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 04 Nov 2023.
The registered office of Targetclose Technology India is at 254D 16th Main, Lakedew Residency, Bangalore, Karnataka, India – 560102.
Targetclose Technology India operates in the information technology industry, in the software development and support services segment.
The compliance status of Targetclose Technology India is compliant as of 17 September 2026. The company is actively filing with the Registrar of Companies.
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