DPIIT recognised startup Government of India
Startup India
56 AI Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.08 Cr
▲ 89% YoY
Net loss · FY 2024
₹25 Cr
Net margin -353.2%
EBITDA · FY 2024
-₹22.53 Cr
EBITDA margin -318.4%
Authorised capital
₹12.25 Lakh
Registered with MCA
Paid-up capital
₹3.17 Lakh
Issued & subscribed
Open charges
₹3 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
149
Provident fund records
About 56 AI Technologies Private Limited
Data last updated:
56 AI Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC134356. Its GSTIN is 29AABCZ5209L1ZW (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12.25 Lakh and a paid-up capital of ₹3.17 Lakh. It is led by directors Harshit Sharma and Sacheth Kadam.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.08 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net loss of ₹25 Cr (net margin -353.2%) and EBITDA of -₹22.53 Cr (EBITDA margin -318.4%). Revenue has grown at a compounded annual rate (CAGR) of 518% over three years.
The company has about 149 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: 56 Secure. As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹77.36 Cr; the latest was in April 2022.
56 AI Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0029725). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 56secure.com.
Company details
CIN U74999KA2020PTC134356
Registration Number 134356
Incorporation Date 27 May 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0029725
Key People
Harshit Sharma Director Sacheth Kadam Director Recognitions & Rankings of 56 AI Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0029725
Contact details
56 AI Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is 56secure.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressCitadel Plaza No 3293/A First Floor 12th Main Hal, 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of 56 AI Technologies Private Limited, buy the company report.
Comprehensive company report
56 AI Technologies 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
56 AI Technologies operates one associated brand: 56 Secure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of integrated security solutions for homes, businesses, and events | 56secure.com |
Business activity
The main business activity of 56 AI Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of 56 AI Technologies Private Limited, buy the company report.
Financials of 56 AI Technologies Private Limited
FY 2024 filings available56 AI Technologies Private Limited reported revenue of ₹7.08 Cr (up 89% YoY) for FY 2024.
Revenue · FY 2024
₹7.08 Cr ▲ 89%
Net loss · FY 2024
₹25 Cr margin -353.2%
EBITDA · FY 2024
-₹22.53 Cr margin -318.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 89%
3 years · compounded
▲ 518%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▼ 200%
Revenue has grown at a compounded annual rate (CAGR) of 518% over three years, including 89% growth in the latest year. EBITDA rose 25% 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 |
|---|---|---|---|---|
| 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 | -₹22.53 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹25 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -318.4% | |||
| Net Profit Margin | -353.2% | |||
| 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 56 AI Technologies Private Limited, buy the company report.
Board of directors of 56 AI Technologies Private Limited
56 AI Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshit Sharma Also directs: Sevak Labs LLP | Director | 27 May 2020 | 6 Years 5 Months | Current |
| Sacheth Kadam Also directs: Sacheth Kadam LLP, Spatial AI Private Limited | Director | 16 Oct 2020 | 6 Years 0 Months | Current |
Auditor
56 AI Technologies Private Limited is audited by BRKS and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRKS and Co. | FY 2023 | 012673S |
Shareholding
The shareholding of 56 AI Technologies Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of 56 AI Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2023 | 100721516 | Hdfc Bank Limited | ₹3 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
56 AI Technologies Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹77.36 Cr; the latest was in April 2022.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹77.36 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round · Series A | ₹61.92 Cr | Investors: RTP Global, Nexus Venture Partners, iSeed |
| Jan 2021 | Funding round · Seed | ₹15.44 Cr | Investors: Nexus Venture Partners, Village Global Partners II LLC, iSeed |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
56 AI Technologies Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed against the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (APPL) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of 56 AI 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 56 AI Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
56 AI Technologies Private Limited has a workforce of 149 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
149
Active EPFO establishments
1
Employee growth
-5.1%
GST
56 AI Technologies has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCZ5209L1ZW | Karnataka | Active | 26 Aug 2020 |
| 29AABCZ5209L1C7 | Karnataka | Active | 23 Jun 2022 |
To see the full GST registrations and return filing status of 56 AI Technologies Private Limited, buy the company report.
Recent activity
56 AI Technologies Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Troels Birnbaum Licht ceased to be Director on 02 Dec 2022.
AGM
56 Ai Technologies Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records.
Filing
56 Ai Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 300.00 Lakh with Charge ID 100721516 was registered on 29 Apr 2023.
Ceased
Troels Birnbaum Licht ceased to be Director.
Ceased
Sweta Singh ceased to be Director.
Appointed
Sacheth Kadam was appointed as Director.
Appointed
Troels Birnbaum Licht was appointed as Director.
Appointed
Harshit Sharma was appointed as Director.
Appointed
Sweta Singh was appointed as Director.
Incorporation
27 May 2020
56 Ai Technologies Private Limited was registered on 27 May 2020 with Roc Bangalore & aged 6 years 5 months as per MCA records.
Frequently asked questions
56 AI Technologies 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 27 May 2020 (6+ years old) and is registered under CIN U74999KA2020PTC134356.
56 AI Technologies has 2 current directors:
- Harshit Sharma - Director
- Sacheth Kadam - Director
The latest financial statements of 56 AI Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of 56 AI Technologies is 29AABCZ5209L1ZW, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCZ5209L1C7 (Karnataka).
The CIN (Corporate Identification Number) of 56 AI Technologies is U74999KA2020PTC134356. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
56 AI Technologies has 4 court cases on record: 4 filed against it. 3 are pending.
56 AI Technologies was incorporated on 27 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
56 AI Technologies has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹77.36 Cr; the latest was in April 2022.
Troels Birnbaum Licht ceased to be Director on 02 Dec 2022. Sweta Singh ceased to be Director on 19 Oct 2020. Sacheth Kadam was appointed as Director on 16 Oct 2020. 56 AI Technologies has 6 board changes on record in total.
Yes, 56 AI Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages