MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0070820
Bandyworks Solutions Private Limited
Bandyworks Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.18 Cr
▼ 28% YoY
Net profit · FY 2025
₹12.87 Lakh
Net margin 10.9%
EBITDA · FY 2025
₹45.31 Lakh
EBITDA margin 38.4%
Authorised capital
₹7.5 Lakh
Registered with MCA
Paid-up capital
₹6.93 Lakh
Issued & subscribed
Open charges
₹3 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Bandyworks Solutions Private Limited
Data last updated:
Bandyworks Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Niche Software Solutions Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008PTC047893. Its GSTIN is 29AADCB6079L1Z4 (Karnataka).
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹6.93 Lakh. It is led by directors Vangala Purushothama Reddy and Lalasa Kalamakuntla.
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 # 7 First Floor 29th Main Kuvempu Nagar Btm Layout 2nd Stage, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.18 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹12.87 Lakh (net margin 10.9%) and EBITDA of ₹45.31 Lakh (EBITDA margin 38.4%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Bandyworks Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0070820). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72200KA2008PTC047893
Registration Number 047893
Incorporation Date 29 September 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Niche Software Solutions Inc
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0070820
Recognitions & Rankings of Bandyworks Solutions
Contact details
Bandyworks Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address# 7 First Floor 29th Main Kuvempu Nagar Btm Layout 2nd Stage, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Bandyworks Solutions Private Limited, buy the company report.
Comprehensive company report
Bandyworks Solutions Private Limited - one report that includes everything
- 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
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Financials of Bandyworks Solutions Private Limited
FY 2025 filings availableBandyworks Solutions Private Limited reported revenue of ₹1.18 Cr (down 28% YoY) for FY 2025.
Revenue · FY 2025
₹1.18 Cr ▼ 28%
Net profit · FY 2025
₹12.87 Lakh margin 10.9%
EBITDA · FY 2025
₹45.31 Lakh margin 38.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 28%
3 years · compounded
▼ 16%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 50%
5 years · compounded
▲ 20%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 28% fall in the latest year. EBITDA fell 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 | ₹1.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹45.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.87 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 | 38.4% | ||||
| Net Profit Margin | 10.9% | ||||
| 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 Bandyworks Solutions Private Limited, buy the company report.
Board of directors of Bandyworks Solutions Private Limited
Bandyworks Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vangala Purushothama Reddy | Director | 18 Mar 2013 | 13 Years 7 Months | Current |
| Lalasa Kalamakuntla | Director | 18 Mar 2013 | 13 Years 7 Months | Current |
Peer comparison
Bandyworks Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (publishing of computer operating systems, system software, application software, games,etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanaatan Nano Tech Private Limited | ₹1.19 Cr (FY 2025) | 1600.0% | Jammu, Jammu and Kashmir, India | |||
| Exemplar E Solutions Private Limited | ₹1.19 Cr (FY 2024) | 113.0% | New Delhi, Delhi, India | |||
| Webiknows IT Solutions Private Limited | ₹1.18 Cr (FY 2024) | 86.0% | Thane, Maharashtra, India | |||
| Bandyworks Solutions Private Limitedthis company | ₹1.18 Cr (FY 2025) | ₹12.87 Lakh | 10.9% | -28.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Bandyworks Solutions Private Limited, buy the company report.
Auditor
Bandyworks Solutions Private Limited is audited by C K PARTHA SARATHY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K PARTHA SARATHY & CO | FY 2021 | 009855S |
Shareholding
The shareholding of Bandyworks Solutions 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bandyworks Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2020 | 100322914 | Axis Bank Limited | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Bandyworks Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Canara Bank | Disposed |
To see the full case history of Bandyworks Solutions 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 Bandyworks Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bandyworks Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB6079L1Z4 | Karnataka | Active | 24 Nov 2017 |
To see the full GST registrations and return filing status of Bandyworks Solutions Private Limited, buy the company report.
Recent activity
Bandyworks Solutions Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Lalasa Kalamakuntla ceased to be Additional Director on 30 Sep 2013.
AGM
Bandyworks Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bandyworks Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 300.00 Lakh with Charge ID 100322914 was registered on 30 Jan 2020.
Ceased
Lalasa Kalamakuntla ceased to be Additional Director.
Ceased
Vangala Purushothama Reddy ceased to be Additional Director.
Ceased
Balavenkataraman Balavikram ceased to be Whole-Time Director.
Ceased
Holly Reider Bandy ceased to be Director.
Appointed
Lalasa Kalamakuntla was appointed as Director.
Appointed
Vangala Purushothama Reddy was appointed as Director.
Ceased
William Thomas Bandy ceased to be Director.
Incorporation
29 Sep 2008
Bandyworks Solutions Private Limited was registered on 29 Sep 2008 with Roc Bangalore & aged 18 years 1 month as per MCA records.
Frequently asked questions
Bandyworks Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 September 2008 (18+ years old) and is registered under CIN U72200KA2008PTC047893.
Bandyworks Solutions has 2 current directors:
- Vangala Purushothama Reddy - Director
- Lalasa Kalamakuntla - Director
The latest financial statements of Bandyworks Solutions 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 Bandyworks Solutions is 29AADCB6079L1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Bandyworks Solutions is U72200KA2008PTC047893. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bandyworks Solutions has 1 court case on record: 1 filed against it.
Bandyworks Solutions was incorporated on 29 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bandyworks Solutions by revenue are Sanaatan Nano Tech Private Limited, Exemplar E Solutions Private Limited, Webiknows IT Solutions Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (publishing of computer operating systems, system software, application software, games,etc.).
Lalasa Kalamakuntla ceased to be Additional Director on 30 Sep 2013. Vangala Purushothama Reddy ceased to be Additional Director on 30 Sep 2013. Balavenkataraman Balavikram ceased to be Whole-Time Director on 18 Mar 2013. Bandyworks Solutions has 7 board changes on record in total.
Yes, Bandyworks Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0070820).
The registered office of Bandyworks Solutions is at # 7 First Floor 29th Main Kuvempu Nagar Btm Layout 2nd Stage, Bangalore, Karnataka, India – 560076.
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