About Techmill Technologies Private Limited
Data last updated:
Techmill Technologies Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 06 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008PTC045193. Its GSTIN is 29AADCT0474D1ZG (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Meghana Joti Sainath and Seema Basavalingappa.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 1866 2nd Cross K Block, Mysore, Karnataka, India – 570023.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.99 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹1.39 Cr (net margin -69.6%) and EBITDA of -₹1.21 Cr (EBITDA margin -60.7%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 48% over five years.
The company has about 128 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Techmill Technologies and Techmill. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website techmillglobal.com.
Company details
Contact details
Techmill Technologies Private Limited's registered office is in Mysore, Karnataka. Its website is techmillglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 1866 2nd Cross K Block, Mysore, Karnataka, India – 570023
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Techmill 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
Brands
Techmill Technologies operates two associated brands: Techmill Technologies and Techmill. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides cloud-based core banking solutions. | techmilltechnologies.com | |
| Software development, UI design, and product testing services are provided. | techmillglobal.com |
Business activity
The main business activity of Techmill Technologies 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 Techmill Technologies Private Limited, buy the company report.
Financials of Techmill Technologies Private Limited
FY 2024 filings availableTechmill Technologies Private Limited reported revenue of ₹1.99 Cr (down 68% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 68% fall in the latest year. EBITDA fell 240% 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 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 | -₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.39 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -60.7% | ||||
| Net Profit Margin | -69.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Techmill Technologies Private Limited, buy the company report.
Board of directors of Techmill Technologies Private Limited
Techmill Technologies has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meghana Joti Sainath Also directs: Nudiminds Solutions LLP | Director | 06 Feb 2008 | 18 Years 9 Months | Current |
| Seema Basavalingappa Also directs: Nudiminds Solutions LLP | Director | 06 Feb 2008 | 18 Years 9 Months | Current |
| Harihara Gopinath Sharath Also directs: Techmill Ventures LLP, Svtech IT Solutions Private Limited | Director | 06 Feb 2008 | 18 Years 9 Months | Current |
| Rajashekarappa Vishwanath Also directs: Techmill Ventures LLP, Svtech IT Solutions Private Limited | Director | 06 Feb 2008 | 18 Years 9 Months | Current |
Auditor
Techmill Technologies Private Limited is audited by Perumal and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Perumal and Associates | FY 2023 | 022733S |
Shareholding
The shareholding of Techmill Technologies Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Techmill Technologies Private Limited, buy the company report.
Legal cases
Techmill Technologies Private Limited has 6 court cases on record: 2 filed by Techmill Technologies, 4 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 3 | 2 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Revision petition | Filed against the company by an individual | Pending |
| High Court of Karnataka | Revision petition | Filed against the company by an individual | Pending |
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Revision petition | Filed by the company against an individual | Disposed |
| District court, MYSURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Techmill Technologies 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
No delayed payments to MSME suppliers are on our record for Techmill Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Techmill Technologies Private Limited has a workforce of 128 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Techmill Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT0474D1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Techmill Technologies Private Limited, buy the company report.
Recent activity
Techmill Technologies Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Haralappa Rajashekarappa ceased to be Director on 20 May 2008.
Frequently asked questions
Techmill Technologies is an active private limited company based in Mysore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 06 February 2008 (18+ years old) and is registered under CIN U72200KA2008PTC045193.
Techmill Technologies has 4 current directors:
- Meghana Joti Sainath - Director
- Seema Basavalingappa - Director
- Harihara Gopinath Sharath - Director
- Rajashekarappa Vishwanath - Director
The latest financial statements of Techmill Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Techmill Technologies is 29AADCT0474D1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Techmill Technologies is U72200KA2008PTC045193. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Techmill Technologies has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Techmill Technologies was incorporated on 06 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Haralappa Rajashekarappa ceased to be Director on 20 May 2008. Harihara Gopinath Sharath was appointed as Director on 06 Feb 2008. Meghana Joti Sainath was appointed as Director on 06 Feb 2008. Techmill Technologies has 5 board changes on record in total.
Techmill Technologies can be reached through the website techmillglobal.com. Its registered office is in Mysore, Karnataka, India.
The registered office of Techmill Technologies is at No 1866 2nd Cross K Block, Mysore, Karnataka, India – 570023.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
