Bancon IT India Private Limited
About Bancon IT India Private Limited
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Bancon IT India Private Limited is a foreign private limited company based in Hyderabad, Telangana, India, a subsidiary of Bancon Gmbh, Germany. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 July 2022.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TS2022FTC182472. Its GSTIN is 36AAKCB9211F1ZR (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Joerg Christoph Mauelshagen and Franz Bernhard Stricker.
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 Wework Krishe Emerald Kondapur Main Road Laxmi Cyber City Whitefields, Serilingampally Mandal Ranga Reddy District Hyderabad – 500081 Telangana India, Telangana, India – 500081.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.73 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net profit of ₹46.4 Lakh (net margin 12.4%) and EBITDA of ₹61.33 Lakh (EBITDA margin 16.4%).
The company has about 10 employees on its provident fund (EPFO) records.
Company details
CIN history
Bancon IT India has one previous CIN (Corporate Identification Number): U72900KA2022FTC163784. The current CIN is U72900TS2022FTC182472, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TS2022FTC182472 | Current |
| U72900KA2022FTC163784 | Previous |
Contact details
Bancon IT India Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressWework Krishe Emerald Kondapur Main Road Laxmi Cyber City Whitefields, Serilingampally Mandal Ranga Reddy District Hyderabad – 500081 Telangana India, Telangana, India – 500081
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Bancon IT 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 Bancon IT India 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 Bancon IT India Private Limited, buy the company report.
Financials of Bancon IT India Private Limited
FY 2025 filings availableBancon IT India Private Limited reported revenue of ₹3.73 Cr (up 105% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 105% in the latest year. EBITDA rose 121% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
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| EBITDA | ₹61.33 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹46.4 Lakh | |
| Balance Sheet | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 16.4% | |
| Net Profit Margin | 12.4% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
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To see the full financial statements and ratios of Bancon IT India Private Limited, buy the company report.
Board of directors of Bancon IT India Private Limited
Bancon IT India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joerg Christoph Mauelshagen | Director | 14 Jul 2022 | 4 Years 3 Months | Current |
| Franz Bernhard Stricker | Director | 14 Jul 2022 | 4 Years 3 Months | Current |
| Mohammed Imran Also directs: Mag Realty Ventures Private Limited | Director | 10 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Bancon IT India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Glimmer Technologies Private Limited | ₹3.73 Cr (FY 2025) | 1530.0% | New Delhi, Delhi, India | |||
| Earthly Systems Private Limited | ₹3.73 Cr (FY 2025) | 71.0% | Hyderabad, Telangana, India | |||
| Cloudnatively Services Private Limited | ₹3.73 Cr (FY 2025) | 1001.0% | Bangalore, Karnataka, India | |||
| Dishima India (OPC) Private Limited | ₹3.73 Cr (FY 2025) | 566.0% | Bhadrak, Odisha, India | |||
| Bancon IT India Private Limitedthis company | ₹3.73 Cr (FY 2024) | ₹46.4 Lakh | 12.4% | 105.0% | 10 | Hyderabad, Telangana, India |
| A2 Media Works Private Limited | ₹3.72 Cr (FY 2024) | -48.0% | Delhi, India | |||
| Resbee Info Technologies Private Limited | ₹3.72 Cr (FY 2024) | 224.0% | Asaripallam, Tamil Nadu, India | |||
| W3era Web Technology Private Limited | ₹3.72 Cr (FY 2024) | 31.0% | Malviya Nagar, Rajasthan, India | |||
| Anantsatya Technocraft Private Limited | ₹3.72 Cr (FY 2024) | -25.0% | Agra, Uttar Pradesh, India | |||
| Antigone Solutions Private Limited | ₹3.72 Cr (FY 2025) | 573.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Bancon IT India Private Limited, buy the company report.
Auditor
Bancon IT India Private Limited is audited by SREEHARI ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SREEHARI ASSOCIATES | FY 2023 | 003962S |
Shareholding
The shareholding of Bancon IT India Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Bancon IT India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bancon IT India 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 Bancon IT India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bancon IT India Private Limited has a workforce of 10 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Bancon IT India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCB9211F1ZR | Telangana | Active | 03 Apr 2024 |
| 29AAKCB9211F1ZM | Karnataka | Active | 15 Oct 2022 |
To see the full GST registrations and return filing status of Bancon IT India Private Limited, buy the company report.
Recent activity
Bancon IT India Private Limited has 5 board changes on record since 2022: 3 appointments and 2 cessations. The latest: Gowtham Maddula ceased to be Additional Director on 31 Dec 2023.
Frequently asked questions
Bancon IT India is an active foreign private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 July 2022 (4+ years old) and is registered under CIN U72900TS2022FTC182472.
Bancon IT India has 3 current directors:
- Joerg Christoph Mauelshagen - Director
- Franz Bernhard Stricker - Director
- Mohammed Imran - Director
The latest financial statements of Bancon IT 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 FY 2023 are in the company report.
The GSTIN of Bancon IT India is 36AAKCB9211F1ZR, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAKCB9211F1ZM (Karnataka).
The CIN (Corporate Identification Number) of Bancon IT India is U72900TS2022FTC182472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bancon IT India was incorporated on 14 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Bancon IT India by revenue are Glimmer Technologies Private Limited, Earthly Systems Private Limited, Cloudnatively Services Private Limited, Dishima India (OPC) Private Limited, A2 Media Works Private Limited and 4 more, all in the same principal business activity (other information & communication service activities).
Gowtham Maddula ceased to be Additional Director on 31 Dec 2023. Mohammed Imran was appointed as Director on 10 May 2023. Puli Rangaswamy Srinivas ceased to be Director on 10 May 2023. Bancon IT India has 5 board changes on record in total.
The registered office of Bancon IT India is at Wework Krishe Emerald Kondapur Main Road Laxmi Cyber City Whitefields, Serilingampally Mandal Ranga Reddy District Hyderabad – 500081 Telangana India, Telangana, India – 500081.
Bancon IT India operates in the information technology industry, in the IT consulting and support services segment.
Bancon IT India can be reached at its registered office: Wework Krishe Emerald Kondapur Main Road Laxmi Cyber City Whitefields, Serilingampally Mandal Ranga Reddy District Hyderabad – 500081 Telangana India, Telangana, India – 500081.
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