DPIIT recognised startup Government of India
Startup India
Believeit Technologies Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.79 Cr
▲ 118% YoY
Net profit · FY 2022
₹5.95 Lakh
Net margin 2.1%
EBITDA · FY 2022
₹38.17 Lakh
EBITDA margin 13.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Believeit Technologies Private Limited
Data last updated:
Believeit Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 25 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC113457. Its GSTIN is 29AAHCB8484H1Z4 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Namadeva Manjappa and Deshkumar Bhaskar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.10 Spaceno.3 2 Ndfloortheaddressmosqueroad Frazertown, Bangalore, Karnataka, India – 560005.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.79 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹5.95 Lakh (net margin 2.1%) and EBITDA of ₹38.17 Lakh (EBITDA margin 13.7%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years.
The company is associated with 2 brands: SchoolMetrix and Gps Live Metrix.
Believeit Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0186719). For more details, the company can be reached via its website schoolmetrix.com.
Company details
CIN U74999KA2018PTC113457
Registration Number 113457
Incorporation Date 25 May 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0186719
Recognitions & Rankings of Believeit Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0186719
Contact details
Believeit Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is schoolmetrix.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.10 Spaceno.3 2 Ndfloortheaddressmosqueroad Frazertown, Bangalore, Karnataka, India – 560005
- IndustryInternet, Online Education & Learning Platforms
To see the full contact details of Believeit Technologies Private Limited, buy the company report.
Comprehensive company report
Believeit Technologies 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Believeit Technologies operates two associated brands: SchoolMetrix and GPS LIVE METRIX. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers school management software and infrastructure setup solutions. | schoolmetrix.com | |
| Delivers comprehensive GPS fleet management solutions and hardware for efficient vehicle tracking and operations. | gpslivemetrix.com |
Business activity
The main business activity of Believeit Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Believeit Technologies Private Limited, buy the company report.
Financials of Believeit Technologies Private Limited
FY 2023 filings availableBelieveit Technologies Private Limited reported revenue of ₹2.79 Cr (up 118% YoY) for FY 2022.
Revenue · FY 2022
₹2.79 Cr ▲ 118%
Net profit · FY 2022
₹5.95 Lakh margin 2.1%
EBITDA · FY 2022
₹38.17 Lakh margin 13.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 70%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 57%
Revenue has grown at a compounded annual rate (CAGR) of 70% over three years, including 118% growth in the latest year. EBITDA rose 40% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| 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 | ₹38.17 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.95 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.7% | |||
| Net Profit Margin | 2.1% | |||
| 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 Believeit Technologies Private Limited, buy the company report.
Board of directors of Believeit Technologies Private Limited
Believeit Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Namadeva Manjappa | Director | 25 May 2018 | 8 Years 5 Months | Current |
| Deshkumar Bhaskar | Director | 25 May 2018 | 8 Years 5 Months | Current |
Auditor
Believeit Technologies Private Limited is audited by MURALI AND SUMEET for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MURALI AND SUMEET | FY 2019 | 010590S |
Shareholding
The shareholding of Believeit Technologies Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Believeit Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Believeit Technologies 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 Believeit Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Believeit Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCB8484H1Z4 | Karnataka | Active | 02 Jul 2018 |
To see the full GST registrations and return filing status of Believeit Technologies Private Limited, buy the company report.
Recent activity
Believeit Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Deshkumar Bhaskar was appointed as Director on 25 May 2018.
AGM
Believeit Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Believeit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Appointed
Deshkumar Bhaskar was appointed as Director.
Appointed
Namadeva Manjappa was appointed as Director.
Incorporation
25 May 2018
Believeit Technologies Private Limited was registered on 25 May 2018 with Roc Bangalore & aged 8 years 5 months as per MCA records.
Frequently asked questions
Believeit Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 25 May 2018 (8+ years old) and is registered under CIN U74999KA2018PTC113457.
Believeit Technologies has 2 current directors:
- Namadeva Manjappa - Director
- Deshkumar Bhaskar - Director
The latest financial statements of Believeit Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Believeit Technologies is 29AAHCB8484H1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Believeit Technologies is U74999KA2018PTC113457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Believeit Technologies was incorporated on 25 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Deshkumar Bhaskar was appointed as Director on 25 May 2018. Namadeva Manjappa was appointed as Director on 25 May 2018.
Yes, Believeit Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Believeit Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0186719).
Believeit Technologies can be reached through the website schoolmetrix.com. Its registered office is in Bangalore, Karnataka, India.