About Thoughtbit Technologies
Thoughtbit Technologies is a Technology company based in Chennai (India) founded in 2017 by Muruganantham Elango. A platform for GST compliance is developed by Thoughtbit Technologies. Its Indian entity Elixr Realty Ventures Private Limited reported revenue of ₹3.9 Lakh. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report.
Company details
GST Dharma- a platform for GST compliance is the flagship product of Thoughtbit Technologies. Features include 3 step compliance process, cloud storage, cloud monitoring of the application, mobile ready, distributed middleware architecture for load capability and big data analytics. Claims to have petabyte processing ability and millisecond analysis tool. Partnered with Ray Ray chartered accountancy firm. As of Nov 2017, the product is yet to be launched.Incubated at Indian Institute of information technology design manufacturing.
- Headquarters Chennai, India
- Founders Muruganantham Elango
- SectorsTechnology
- Website thoughtbit.in
- Legal Name Elixr Fin Sys Private Limited
- Date of Incorporation 09 Aug, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹3.9 Lakh
FY 2024 · -10% YoY
- Net Loss-₹30.6 Lakh
FY 2024 · -789% margin
- EBITDA-₹28.8 Lakh
FY 2024 · -743% margin
Associated legal entities of Thoughtbit Technologies
Thoughtbit Technologies is associated with 2 registered companies on The Company Check; the primary company is Elixr Realty Ventures Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elixr Realty Ventures Private Limited CIN U68200TN2017PTC118047 | Active | 09 Aug 2017 | Chennai, Tamil Nadu | ₹0.0 Cr | 2 | View details | |
| Elixr Fin Sys Private Limited CIN U72900TN2017PTC118047 | 09 Aug 2017 | Chennai, Tamil Nadu, India | View details |
Board of directors of Elixr Realty Ventures Private Limited (Thoughtbit Technologies)
Elixr Realty Ventures Private Limited is the primary company behind Thoughtbit Technologies. The board of Elixr Realty Ventures Private Limited currently have 2 directors; the longest-serving is Lakshmi Shanmugaraj, appointed in 2023. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lakshmi Shanmugaraj DIN 03107624 | Director | 24 Apr 2023 | 3 yrs 6 mo | Elixr Realty Ventures Private Limited |
| . Shankareswari DIN 10159694 | Director | 20 Sep 2024 | 2 yrs 1 mo | Elixr Realty Ventures Private Limited |
People of Thoughtbit Technologies
1 people are tracked at Thoughtbit Technologies (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Thoughtbit Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Financials of Thoughtbit Technologies
Figures of Elixr Realty Ventures Private Limited, the primary company behind Thoughtbit Technologies, for FY 2024. Revenue was ₹3.9 Lakh (-10% year on year). Net loss was -₹30.6 Lakh (-789% margin). EBITDA was -₹28.8 Lakh (-743% margin). Revenue has grown at a compounded annual rate of -27% over three years and +6% over five years.
- ₹3.9 LakhRevenue · FY 2024 · -10% YoY
- -₹30.6 LakhNet loss · -789% margin
- -₹28.8 LakhEBITDA · -743% margin
- ₹1 LakhPaid-up capital
- -27%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Elixr Realty Ventures Private Limited are on its company page.
Detailed financial statements for Thoughtbit Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Thoughtbit Technologies
Thoughtbit Technologies was founded in 2017.
Thoughtbit Technologies is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Thoughtbit Technologies, Elixr Realty Ventures Private Limited, reported revenue of ₹3.9 Lakh for FY 2024, down 10% year on year.
GST Dharma- a platform for GST compliance is the flagship product of Thoughtbit Technologies. Features include 3 step compliance process, cloud storage, cloud monitoring of the application, mobile ready, distributed middleware architecture for load capability and big data analytics. Claims to have petabyte processing ability and millisecond analysis tool. Partnered with Ray Ray chartered accountancy firm. As of Nov 2017, the product is yet to be launched.Incubated at Indian Institute of information technology design manufacturing.
Thoughtbit Technologies operates through Elixr Realty Ventures Private Limited.
The legal entities of Thoughtbit Technologies currently have 2 directors, including . Shankareswari, Lakshmi Shanmugaraj.