DPIIT recognised startup Government of India
Startup India
Bessel Systems Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.55 Cr
▲ 47% YoY
Net profit · FY 2025
₹6.48 Cr
Net margin 20.5%
EBITDA · FY 2025
₹12.03 Cr
EBITDA margin 38.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.41 Cr
Issued & subscribed
Open charges
₹53.4 Cr
Satisfied ₹50 Lakh
Company age
8 yrs
Est. 2018
Employees · EPFO
31
Provident fund records
About Bessel Systems Limited
Data last updated:
Bessel Systems Limited is a public limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 08 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2018PLC113805. Its GSTIN is 29AAICR9932M1ZH (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.41 Cr. It was formerly known as Rfmw Innovations Lab Private Limited. It is led by directors including Hemanth Gaddam (Managing Director) and Akash Kumar Agrawal (Whole-Time Director).
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 Vinyas F86 Building Iti Ltd Doorvaninagar, Bengaluru, Karnataka, India – 560016.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.55 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹6.48 Cr (net margin 20.5%) and EBITDA of ₹12.03 Cr (EBITDA margin 38.1%). Revenue has grown at a compounded annual rate (CAGR) of 219% over three years and 250% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RFMW Innovations Lab. As per MCA filings, the company has open charges of ₹53.4 Cr and satisfied charges of ₹50 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Rynan Technologies India Private Limited with revenue of ₹32.41 Cr.
Bessel Systems Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0057523). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irfmw.com.
Company Details of Bessel Systems Limited
CIN U74900KA2018PLC113805
Registration Number 113805
Incorporation Date 08 June 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0057523
CIN History of Bessel Systems Limited
Bessel Systems has one previous CIN (Corporate Identification Number): U74900KA2018PTC113805. The current CIN is U74900KA2018PLC113805, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900KA2018PLC113805 | Current |
| U74900KA2018PTC113805 | Previous |
Key People
Hemanth Gaddam Managing Director Akash Kumar Agrawal Whole-Time Director Sartaj Singh Director Recognitions & Rankings of Bessel Systems
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0057523
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressVinyas F86 Building Iti Ltd Doorvaninagar, Bengaluru, Karnataka, India – 560016
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
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Associated Brands with Bessel Systems Limited
Bessel Systems operates one associated brand: RFMW Innovations Lab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| RF and microwave solutions for defense and telecommunications services. | irfmw.com |
Business Activity of Bessel Systems Limited
The main business activity of Bessel Systems is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Bessel Systems Limited FY 2025 filings available
Bessel Systems Limited reported revenue of ₹31.55 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹31.55 Cr ▲ 47%
Net profit · FY 2025
₹6.48 Cr margin 20.5%
EBITDA · FY 2025
₹12.03 Cr margin 38.1%
Compounded Annual Growth Rate (CAGR) of Bessel Systems Limited
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 219%
5 years · compounded
▲ 250%
EBITDA CAGR growth
1 year
▲ 190%
3 years · compounded
▲ 315%
Revenue has grown at a compounded annual rate (CAGR) of 250% over five years, including 47% growth in the latest year. EBITDA rose 190% 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 of Bessel Systems Limited
| 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 | ₹31.55 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.03 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.48 Cr | •••• | •••• | •••• | •••• |
| 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 of Bessel Systems Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 20.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bessel Systems are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Board of Directors of Bessel Systems Limited
Bessel Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanth Gaddam | Managing Director | 08 Jun 2018 | 8 Years 4 Months | Current |
| Akash Kumar Agrawal | Whole-Time Director | 18 Jan 2025 | 1 Years 9 Months | Current |
| Sartaj Singh Also directs: Speb Adhesives Limited | Director | 21 Feb 2025 | 1 Years 8 Months | Current |
Peer Comparison of Bessel Systems Limited
Bessel Systems Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rynan Technologies India Private Limited | ₹32.41 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Gurugram, Haryana, India |
| Ada Digital Analytics Private Limited | ₹32.16 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| Modi Infosol Private Limited | ₹32.13 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Fraser Techno Circuits Limited | ₹32.11 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Campbell Scientific India Private Limited | ₹31.88 Cr (FY 2024) | •••• | •••• | 74.0% | •••• | New Delhi, Delhi, India |
| Ic Pro Solutions Private Limited | ₹31.73 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Dash Technologies and Labels Private Limited | ₹31.62 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Digitechh Electroworld Private Limited | ₹31.61 Cr (FY 2015) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Messung Systems Private Limited | ₹31.61 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Pune, Maharashtra, India |
| Solid State Systems Private Limited | ₹31.58 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hoskote, Karnataka, India |
| Bessel Systems Limited this company | ₹31.55 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Bessel Systems by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bessel Systems Limited
Bessel Systems Limited is audited by B.N.PAI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.N.PAI & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Bessel Systems Limited
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Shareholding and ownership data
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Charges & Borrowings of Bessel Systems Limited
Open charges
₹53.4 Cr
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2026 | Sidbi | ₹2.4 Cr | Open |
| 05 Mar 2026 | Sidbi | ₹12 Cr | Open |
| 03 Feb 2025 | Others | ₹4 Cr | Open |
| 29 Dec 2023 | Others | ₹7 Cr | Open |
| 29 Dec 2023 | Others | ₹28 Cr | Open |
Total charge records: 6 View all charges
Deals & Funding of Bessel Systems Limited
Bessel Systems Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024.
Total deals
3
Rights issue
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹28.97 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Funding round | ₹28.97 Cr | Investors: Suryatej Advisors LLP , 3 individuals |
| Aug 2024 | Rights issue | ₹1.84 Cr | Investors: Def Space Technologies Private Limited, 3 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
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Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Bessel Systems Limited
Bessel Systems Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked on 21 Sep 2026.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Vias3d Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Vias3d Private Limited | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Bessel Systems Limited
Bessel Systems Limited has a workforce of 31 employees as of Apr 08, 2024.
Employee count
31
Active EPFO establishments
1
Employee growth
416.67%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Bessel Systems Limited
Bessel Systems Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Sartaj Singh ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Sidbi amounted to Rs. 2.40 Cr with Charge ID 101374982 was registered on 30 Jul 2026.
Charges
A charge with Others of Rs. 28.00 Cr registered on 29 Dec 2023 with Charge ID 100858666 was modified on 14 Jul 2026.
Charges
A charge with Sidbi amounted to Rs. 12.00 Cr with Charge ID 101263716 was registered on 05 Mar 2026.
AGM
Bessel Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Sartaj Singh ceased to be Additional Director.
Filing
Bessel Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Sartaj Singh was appointed as Director.
Ceased
Akash Kumar Agrawal ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101044769 was registered on 03 Feb 2025.
Appointed
Akash Kumar Agrawal was appointed as Whole-Time Director.
Ceased
Gaddam Hemanth ceased to be Director.
Charges
A charge registered on 30 Dec 2022 via Charge ID 100661812 with Axis Bank Limited was fully satisfied on 18 Jan 2024.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bessel Systems Limited
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MSME Payment Delays by Bessel Systems Limited
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MSME payment history
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Subsidiaries & Group Companies of Bessel Systems Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Bessel Systems Limited
Bessel Systems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICR9932M1ZH | Karnataka | Active | 19 Aug 2018 |
| 36AAICR9932M1ZM | Telangana | Active | 09 May 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Bessel Systems Limited
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MCA filings and documents
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Frequently Asked Questions about Bessel Systems Limited
Bessel Systems is an active public limited company based in Bengaluru, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 08 June 2018 (8+ years old) and is registered under CIN U74900KA2018PLC113805.
Bessel Systems reported revenue of ₹31.55 Cr for FY 2025 (up 47% YoY).
Bessel Systems has 3 current directors:
- Hemanth Gaddam - Managing Director
- Akash Kumar Agrawal - Whole-Time Director
- Sartaj Singh - Director
Bessel Systems reported a net profit of ₹6.48 Cr (net margin 20.5%) and EBITDA of ₹12.03 Cr (EBITDA margin 38.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bessel Systems is 219% over three years and 250% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bessel Systems is 29AAICR9932M1ZH, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAICR9932M1ZM (Telangana).
The CIN (Corporate Identification Number) of Bessel Systems is U74900KA2018PLC113805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bessel Systems has 2 court cases on record: 2 filed against it. 1 is pending.
Bessel Systems was incorporated on 08 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Bessel Systems has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024.
The peers of Bessel Systems by revenue are Rynan Technologies India Private Limited, Ada Digital Analytics Private Limited, Modi Infosol Private Limited, Fraser Techno Circuits Limited, Campbell Scientific India Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).