About Appify Systems Private Limited
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Appify Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Appify Inc, Usa. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 01 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC107590. Its GSTIN is 29AAGCT4888C1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Turbosystems Development India Private Limited and Turbopaas Development India Private Limited. It is led by directors including Anand Kirtikar Siddhakumar (Whole-Time Director) and Narasimhan Subramanian.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.43 Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.46 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.83 Cr and EBITDA of -₹3.95 Cr. Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 54% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Appify.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website turbosystems.com.
Company details
Name history
Appify Systems has undergone 2 name changes throughout its history. The company was previously known as Turbosystems Development India Private Limited, and Turbopaas Development India Private Limited. The current legal name is Appify Systems Private Limited.
| Company Name | Status |
|---|---|
| Appify Systems Private Limited | Current |
| Turbosystems Development India Private Limited | Previous |
| Turbopaas Development India Private Limited | Previous |
Contact details
Appify Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is turbosystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.43 Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Appify Systems 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
Appify Systems operates one associated brand: Appify. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Web and mobile applications are developed via cloud-based no-code platform. | appify.com |
Business activity
The main business activity of Appify Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Appify Systems Private Limited, buy the company report.
Financials of Appify Systems Private Limited
FY 2025 filings availableAppify Systems Private Limited reported revenue of ₹11.46 Lakh (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 98% fall in the latest year. EBITDA fell 606% 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 |
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| EBITDA | -₹3.95 Cr | ||||
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| Net Profit (PAT) | -₹2.83 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Appify Systems Private Limited, buy the company report.
Board of directors of Appify Systems Private Limited
Appify Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Subramanian Also directs: Helpall Social Technologies Private Limited | Director | 01 Nov 2017 | 9 Years 0 Months | Current |
| Anand Kirtikar Siddhakumar | Whole-Time Director | 03 May 2019 | 7 Years 6 Months | Current |
| Yoganarasimha Murthy | Director | 27 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Appify Systems Private Limited is audited by V B S G & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V B S G & CO | FY 2022 | 015931S |
Shareholding
The shareholding of Appify Systems Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Appify Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Appify Systems 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
No delayed payments to MSME suppliers are on our record for Appify Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Appify Systems Private Limited has a workforce of 17 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Appify Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCT4888C1ZX | Karnataka | Active | 01 Mar 2018 |
To see the full GST registrations and return filing status of Appify Systems Private Limited, buy the company report.
Recent activity
Appify Systems Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Yoganarasimha Murthy ceased to be Additional Director on 29 Sep 2024.
News
Frequently asked questions
Appify Systems 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 01 November 2017 (9+ years old) and is registered under CIN U72900KA2017PTC107590.
Appify Systems has 3 current directors:
- Anand Kirtikar Siddhakumar - Whole-Time Director
- Narasimhan Subramanian - Director
- Yoganarasimha Murthy - Director
The latest financial statements of Appify Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Appify Systems is 29AAGCT4888C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Appify Systems is U72900KA2017PTC107590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Appify Systems was incorporated on 01 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Yoganarasimha Murthy ceased to be Additional Director on 29 Sep 2024. Yoganarasimha Murthy was appointed as Director on 27 Feb 2024. Anand Kirtikar Siddhakumar ceased to be Additional Director on 30 Sep 2019. Appify Systems has 6 board changes on record in total.
Appify Systems can be reached through the website turbosystems.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Appify Systems is at No.43 Residency Road, Bangalore, Karnataka, India – 560025.
Appify Systems operates in the information technology industry, in the software development and support services segment.
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