About Algoshack Technologies Private Limited
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Algoshack Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 11 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2018PTC109453. Its GSTIN is 29AAQCA4282M1ZX (Karnataka).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.06 Cr. It is led by directors including Budramane Vadeesha (Whole-Time Director) and Seshaprasad Ramadas Grama (Whole-Time Director).
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 No.82 Sree Krupa 9th Main 18th Cross 7th Sector Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.35 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹62.91 Lakh (net margin 4.7%) and EBITDA of ₹1.96 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years and 411% over five years.
The company has about 158 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AlgoShack. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹2.1 Cr on record. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99 Lakh; the latest was in March 2021. Its 10 peer companies in the Information Technology industry (Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Backflipt Software Services Private Limited. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers.
For more details, the company can be reached via its website algoshack.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.82 Sree Krupa 9th Main 18th Cross 7th Sector Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Algoshack Technologies Private Limited
The main business activity of Algoshack Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Algoshack Technologies Private Limited FY 2025 filings available
Algoshack Technologies Private Limited reported revenue of ₹13.35 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Algoshack Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 411% over five years, including 4% growth in the latest year. EBITDA fell 33% 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 of Algoshack Technologies Private Limited
| 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 | ₹1.96 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹62.91 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 of Algoshack Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Algoshack Technologies are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Algoshack Technologies Private Limited
Algoshack Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Backflipt Software Services Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Avanseus Technologies Private Limited | •••• | •••• | •••• | •••• | 33 | Bangalore North, Karnataka, India |
| Framsikt Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Ikure Techsoft Private Limited | •••• | •••• | •••• | •••• | 30 | Midnapore, West Bengal, India |
| Foxit Bharat Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Algoshack Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Supremology Software Services Private Limited | •••• | •••• | •••• | •••• | 57 | Bangalore, Karnataka, India |
| Bosscoder Software Services Private Limited | •••• | •••• | •••• | •••• | 34 | Noida, Uttar Pradesh, India |
| Textual Analytics Solutions Private Limited | •••• | •••• | •••• | •••• | 49 | Bangalore, Karnataka, India |
| Wobot Intelligence Private Limited | •••• | •••• | •••• | •••• | 58 | Delhi, India |
| Compoundexpress Private Limited | •••• | •••• | •••• | •••• | 83 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Algoshack Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Algoshack Technologies Private Limited
Algoshack Technologies Private Limited is audited by MJK & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MJK & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Algoshack Technologies Private Limited
Algoshack Technologies has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Budramane Vadeesha | Whole-Time Director | 11 Jan 2018 | 8 Years 8 Months | Current |
| Nalini Vadeesha | Director | 11 Jan 2018 | 8 Years 8 Months | Current |
| Seshaprasad Ramadas Grama | Whole-Time Director | 26 Nov 2018 | 7 Years 10 Months | Current |
| Meena Raj Also directs: Varam Hospitality and Property Services Private Limited | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Algoshack Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Algoshack Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Apr 2025 | Axis Bank Limited | ₹5 Cr | Open |
| 08 Nov 2023 | Hdfc Bank Limited | ₹2.1 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Algoshack Technologies Private Limited
Algoshack Technologies Private Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99 Lakh; the latest was in March 2021.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| May 2020 | Rights issue | ₹60 Lakh | Investors: 2 individuals |
| Mar 2019 | Funding round | ₹99 Lakh | Investors: 4 individuals |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Algoshack Technologies Private Limited
Algoshack Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers. 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Test Yantra Software Solutions (India) Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Algoshack Technologies Private Limited
Algoshack Technologies operates one associated brand: AlgoShack. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software testing services are provided by AlgoShack in Bengaluru. | algoshack.com |
Employees and EPFO Compliance at Algoshack Technologies Private Limited
Algoshack Technologies Private Limited has a workforce of 158 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Algoshack Technologies Private Limited
Algoshack Technologies Private Limited has 4 board changes on record since 2018: 4 appointments. The latest: Seshaprasad Ramadas Grama was appointed as Whole-Time Director on 26 Nov 2018.
Credit Ratings, Litigation & Regulatory Alerts for Algoshack Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Algoshack Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Algoshack Technologies Private Limited
Algoshack Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAQCA4282M1ZX | Karnataka | Active | 22 Apr 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Algoshack Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Algoshack Technologies Private Limited
Algoshack Technologies 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 11 January 2018 (8+ years old) and is registered under CIN U72200KA2018PTC109453.
Algoshack Technologies reported revenue of ₹13.35 Cr for FY 2024 (up 4% YoY).
Algoshack Technologies has 4 current directors:
- Budramane Vadeesha - Whole-Time Director
- Seshaprasad Ramadas Grama - Whole-Time Director
- Nalini Vadeesha - Director
- Meena Raj - Director
Algoshack Technologies reported a net profit of ₹62.91 Lakh (net margin 4.7%) and EBITDA of ₹1.96 Cr (EBITDA margin 14.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Algoshack Technologies is 100% over three years and 411% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Algoshack Technologies is 29AAQCA4282M1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Algoshack Technologies is U72200KA2018PTC109453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algoshack Technologies was incorporated on 11 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Algoshack Technologies has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹99 Lakh; the latest was in March 2021.
The peers of Algoshack Technologies by revenue are Backflipt Software Services Private Limited, Avanseus Technologies Private Limited, Framsikt Technologies Private Limited, Ikure Techsoft Private Limited, Foxit Bharat Private Limited and 5 more, all in the Information Technology industry (Software Services).
Seshaprasad Ramadas Grama was appointed as Whole-Time Director on 26 Nov 2018. Meena Raj was appointed as Director on 02 Apr 2018. Budramane Vadeesha was appointed as Whole-Time Director on 11 Jan 2018. Algoshack Technologies has 4 board changes on record in total.
Yes, Algoshack Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).