Adtheorem India Private Limited
About Adtheorem India Private Limited
Data last updated:
Adtheorem India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Surewaves Mediatech Private Limited. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 31 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC039596. Its GSTIN is 29AAACO8313M1Z3 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as O2H Surewaves Private Limited and Nuglaze Communications Private Limited. It is led by directors including Rajendra Kumar Khare and Tapan Datta Kumar.
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 ₹11.07 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹77.81 Lakh and EBITDA of -₹2.3 Lakh (EBITDA margin -20.7%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 5% over five years.
As per MCA filings, the company has satisfied charges of ₹3 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending. The company has 1 deal on record (1 debt financing), with disclosed funding of ₹3 Cr; the latest was in September 2016.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Adtheorem India has undergone 5 name changes throughout its history. The current legal name is Adtheorem India Private Limited.
| Company Name | Status |
|---|---|
| Adtheorem India Private Limited | Current |
| O2h Surewaves Private Limited | Previous |
| Nuglaze Communications Private Limited | Previous |
| O2h Media Networks Private Limited | Previous |
| Mediaglaze Communications Private Limited | Previous |
| Multichrome Communications Private Limited | Previous |
Contact details
Adtheorem 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 AddressHd – 006 Wework Salarpuria Magnificia Tin Factory 78 Old Madras Road Mahadevapura Next T, O Kr Puram, Bangalore, Karnataka, India – 560016
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Adtheorem 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 Adtheorem India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Adtheorem India Private Limited, buy the company report.
Financials of Adtheorem India Private Limited
FY 2025 filings availableAdtheorem India Private Limited reported revenue of ₹11.07 Lakh (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 40% fall in the latest year. EBITDA rose 15% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹77.81 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.7% | ||||
| Net Profit Margin | |||||
| 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 Adtheorem India Private Limited, buy the company report.
Board of directors of Adtheorem India Private Limited
Adtheorem India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kumar Khare Also directs: Raj Khare and Family LLP, Surewaves Mediatech Private Limited | Director | 23 Jun 2021 | 5 Years 4 Months | Current |
| Tapan Datta Kumar | Director | 16 Oct 2006 | 20 Years 0 Months | Current |
| Anant Kansal Also directs: Surewaves Mediatech Private Limited, Kansal Family LLP | Director | 23 Jun 2021 | 5 Years 4 Months | Current |
Auditor
Adtheorem India Private Limited is audited by MDA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MDA & CO | FY 2023 | 012023S |
Shareholding
The shareholding of Adtheorem India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adtheorem India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2016 | 100065634 | Others | ₹3 Cr | Satisfied |
To see the full charge records of Adtheorem India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Adtheorem India Private Limited has 1 deal on record (1 debt financing), with disclosed funding of ₹3 Cr; the latest was in September 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Debt financing | ₹3 Cr | Investors: InnoVen Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adtheorem India Private Limited has 4 court cases on record: 4 filed by Adtheorem India. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 4 | 0 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Company appeal | Filed by the company against Registrar of Companies Bengaluru | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Registrar of Companies Bengaluru | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against The Registrar of Companies Bengaluru | Disposed |
To see the full case history of Adtheorem India 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 Adtheorem India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adtheorem India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO8313M1Z3 | Karnataka | Active | 01 Jul 2017 |
| 30AAACO8313M1ZK | Goa | Active | 02 Feb 2022 |
To see the full GST registrations and return filing status of Adtheorem India Private Limited, buy the company report.
Recent activity
Adtheorem India Private Limited has 11 board changes on record since 2006: 3 appointments and 8 cessations. The latest: Anant Kansal ceased to be Additional Director on 29 Sep 2021.
4 earlier events are in the company report.
Frequently asked questions
Adtheorem India is an active 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 31 May 2006 (20+ years old) and is registered under CIN U72200KA2006PTC039596.
Adtheorem India has 3 current directors:
- Rajendra Kumar Khare - Director
- Tapan Datta Kumar - Director
- Anant Kansal - Director
The latest financial statements of Adtheorem India 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 2015 are in the company report.
The GSTIN of Adtheorem India is 29AAACO8313M1Z3, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAACO8313M1ZK (Goa).
The CIN (Corporate Identification Number) of Adtheorem India is U72200KA2006PTC039596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adtheorem India has 4 court cases on record: 4 filed by the company. 2 are pending.
Adtheorem India was incorporated on 31 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Adtheorem India has 1 deal on record (1 debt financing), with disclosed funding of ₹3 Cr; the latest was in September 2016.
Anant Kansal ceased to be Additional Director on 29 Sep 2021. Anant Kansal was appointed as Director on 23 Jun 2021. Rajendra Kumar Khare was appointed as Director on 23 Jun 2021. Adtheorem India has 11 board changes on record in total.
The registered office of Adtheorem India is at Hd – 006 Wework Salarpuria Magnificia Tin Factory 78 Old Madras Road Mahadevapura Next T, O Kr Puram, Bangalore, Karnataka, India – 560016.
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.
