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Bharosepe Technology Services Private Limited - financial services in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.16 Cr
▼ 2% YoY
Net loss · FY 2025
₹13.96 Cr
Net margin -92.1%
EBITDA · FY 2025
-₹13.47 Cr
EBITDA margin -88.9%
Authorised capital
₹8 Lakh
Registered with MCA
Paid-up capital
₹6.84 Lakh
Issued & subscribed
Open charges
₹25 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
321
Provident fund records
About Bharosepe Technology Services Private Limited
Data last updated:
Bharosepe Technology Services Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 17 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC132767. Its GSTIN is 29AAICB9286E1Z7 (Karnataka).
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹6.84 Lakh. It is led by directors including Atulya T Bhat and Koustav Dey.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at #2012 100 Ft Road Hal 2 Stage Indiranagar, Bengaluru, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.16 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹13.96 Cr (net margin -92.1%) and EBITDA of -₹13.47 Cr (EBITDA margin -88.9%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The company has about 321 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Jodo. As per MCA filings, the company has open charges of ₹25 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 7 cases are pending. The company has 6 deals on record (5 funding rounds, 1 debt financing), with disclosed funding of ₹149.9 Cr; the latest was in March 2023. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 11 overdue payments to 2 micro and small suppliers.
Bharosepe Technology Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0243775). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jodopay.com.
Company details
CIN U72900KA2020PTC132767
Registration Number 132767
Incorporation Date 17 February 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0243775
Recognitions & Rankings of Bharosepe Technology Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0243775
Contact details
Bharosepe Technology Services Private Limited's registered office is in Bengaluru, Karnataka. Its website is jodopay.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#2012 100 Ft Road Hal 2 Stage Indiranagar, Bengaluru, Karnataka, India – 560038
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Bharosepe Technology Services Private Limited, buy the company report.
Comprehensive company report
Bharosepe Technology Services 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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Business activity
The main business activity of Bharosepe Technology Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Bharosepe Technology Services Private Limited, buy the company report.
Financials of Bharosepe Technology Services Private Limited
FY 2024 filings availableBharosepe Technology Services Private Limited reported revenue of ₹15.16 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹15.16 Cr ▼ 2%
Net loss · FY 2025
₹13.96 Cr margin -92.1%
EBITDA · FY 2025
-₹13.47 Cr margin -88.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 80%
EBITDA CAGR growth
1 year
▲ 60%
3 years · compounded
▼ 6%
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 80%. EBITDA rose 60% 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 |
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| EBITDA | -₹13.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.96 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -88.9% | ||||
| Net Profit Margin | -92.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bharosepe Technology Services Private Limited, buy the company report.
Board of directors of Bharosepe Technology Services Private Limited
Bharosepe Technology Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mridul Arora Also directs: Light Ray Advisors LLP, Scapia Technology Private Limited, Mahaveer Finance India Limited and 5 more | Nominee Director | 26 Sep 2022 | 4 Years 0 Months | Current |
| Atulya T Bhat Also directs: Bharosepe Capital Finance Services Private Limited | Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Koustav Dey Also directs: Bharosepe Capital Finance Services Private Limited | Director | 17 Feb 2020 | 6 Years 8 Months | Current |
| Raghav Nagarajan Also directs: Bharosepe Capital Finance Services Private Limited | Director | 17 Dec 2021 | 4 Years 10 Months | Current |
Auditor
Bharosepe Technology Services Private Limited is audited by Shekar & Yathish for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shekar & Yathish | FY 2023 | 008964S |
Shareholding
The shareholding of Bharosepe Technology Services Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bharosepe Technology Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2023 | 100755553 | Others | ₹25 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Bharosepe Technology Services Private Limited has 6 deals on record (5 funding rounds, 1 debt financing), with disclosed funding of ₹149.9 Cr; the latest was in March 2023.
Total deals
6
Funding rounds
5
Debt financing
1
Disclosed funding
₹149.9 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Debt financing | ₹1 Cr | Investors: Stride Ventures |
| Jul 2022 | Funding round · Series B | ₹120.03 Cr | Investors: Tiger Global, Elevation Capital (SAIF Partners), Z47 (Matrix Partners India) |
| Jul 2022 | Funding round · Pre-Series B | ₹15.7 Lakh | Investors: an individual |
| Jul 2022 | Funding round | ₹6 Lakh | Investors: 2 individuals |
To see the full deal history of Bharosepe Technology Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bharosepe Technology Services Private Limited has 7 court cases on record: 6 filed by Bharosepe Technology Services, 1 filed against it. All cases are pending.
Total cases
7
Filed by the company
6
Filed against the company
1
Pending
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 6 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Filed against the company | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Bharosepe Technology Services 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
Bharosepe Technology Services Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 11 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Finbonacci Softsys Private Limited | |||
| Startup Movers Private Limited |
To see the full MSME payment records of Bharosepe Technology Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bharosepe Technology Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bharosepe Capital Finance Services Private Limited | U65999KA2022PTC162167 |
To see the full group structure of Bharosepe Technology Services Private Limited, buy the company report.
Employees & EPFO
Bharosepe Technology Services Private Limited has a workforce of 321 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
321
Active EPFO establishments
1
Employee growth
53.59%
GST
Bharosepe Technology Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB9286E1Z7 | Karnataka | Active | 25 Feb 2020 |
To see the full GST registrations and return filing status of Bharosepe Technology Services Private Limited, buy the company report.
Recent activity
Bharosepe Technology Services Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Mridul Arora ceased to be Additional Director on 30 Sep 2022.
AGM
Bharosepe Technology Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Bharosepe Technology Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 2,500.00 Lakh with Charge ID 100755553 was registered on 15 Feb 2023.
Ceased
Mridul Arora ceased to be Additional Director.
Ceased
Raghav Nagarajan ceased to be Additional Director.
Appointed
Mridul Arora was appointed as Nominee Director.
Appointed
Raghav Nagarajan was appointed as Director.
Appointed
Atulya T Bhat was appointed as Director.
Appointed
Koustav Dey was appointed as Director.
Incorporation
17 Feb 2020
Bharosepe Technology Services Private Limited was registered on 17 Feb 2020 with Roc Bangalore & aged 6 years 8 months as per MCA records.
Frequently asked questions
Bharosepe Technology Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 17 February 2020 (6+ years old) and is registered under CIN U72900KA2020PTC132767.
Bharosepe Technology Services has 4 current directors:
- Mridul Arora - Nominee Director
- Atulya T Bhat - Director
- Koustav Dey - Director
- Raghav Nagarajan - Director
The latest financial statements of Bharosepe Technology Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Bharosepe Technology Services is 29AAICB9286E1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Bharosepe Technology Services is U72900KA2020PTC132767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bharosepe Technology Services has 7 court cases on record: 6 filed by the company and 1 filed against it. 7 are pending. Most are in the district courts.
Bharosepe Technology Services was incorporated on 17 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Bharosepe Technology Services has 6 deals on record (5 funding rounds, 1 debt financing), with disclosed funding of ₹149.9 Cr; the latest was in March 2023.
Mridul Arora ceased to be Additional Director on 30 Sep 2022. Raghav Nagarajan ceased to be Additional Director on 30 Sep 2022. Mridul Arora was appointed as Nominee Director on 26 Sep 2022. Bharosepe Technology Services has 6 board changes on record in total.
Yes, Bharosepe Technology Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Bharosepe Technology Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0243775).