About Binate Solutions Private Limited
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Binate Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62099KA2012PTC065705. Its GSTIN is 29AABCU5016G1ZF (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Udupi Sri Krishna Technologies Private Limited. It is led by directors Nirmala Gambhir and Shailesh Gambhir.
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 No 745 1st Floor 5th Block Hmt Layout 5th Main Vidyaranyapura, Bengaluru, Karnataka, India – 560097.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.56 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Lakh (net margin 0.9%) and EBITDA of ₹9.46 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 13% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Akademe Edify Tech Solutions and Binate Solutions. As per MCA filings, the company has satisfied charges of ₹24 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website binate.in.
Company details
CIN history
Binate Solutions has one previous CIN (Corporate Identification Number): U72200KA2012PTC065705. The current CIN is U62099KA2012PTC065705, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099KA2012PTC065705 | Current |
| U72200KA2012PTC065705 | Previous |
Contact details
Binate Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is binate.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 745 1st Floor 5th Block Hmt Layout 5th Main Vidyaranyapura, Bengaluru, Karnataka, India – 560097
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Binate Solutions 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
Brands
Binate Solutions operates two associated brands: Akademe Edify Tech Solutions and Binate Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an integrated platform for course management and promotion in education. | akademe.in | |
| Software development, quality assurance, and managed services are offered by the company to deliver reliable digital solutions. | binate.in |
Business activity
The main business activity of Binate Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Binate Solutions Private Limited, buy the company report.
Financials of Binate Solutions Private Limited
FY 2024 filings availableBinate Solutions Private Limited reported revenue of ₹2.56 Cr (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 5% growth in the latest year. EBITDA fell 45% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹9.46 Lakh | ||||
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| Net Profit (PAT) | ₹2.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Binate Solutions Private Limited, buy the company report.
Board of directors of Binate Solutions Private Limited
Binate Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirmala Gambhir | Director | 20 Feb 2017 | 9 Years 8 Months | Current |
| Shailesh Gambhir | Director | 29 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Binate Solutions Private Limited is compared with the 5 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Broadgate Software Solutions Private Limited | ₹2.56 Cr (FY 2022) | 405.0% | Telangana, India | |||
| Minda Telematics and Electric Mobility Solutions Private Limited | ₹2.56 Cr (FY 2018) | -7.0% | Bangalore, Karnataka, India | |||
| Flycatch Infotech Private Limited | ₹2.56 Cr (FY 2024) | 67.0% | Kakkanad, Kerala, India | |||
| Binate Solutions Private Limitedthis company | ₹2.56 Cr (FY 2024) | ₹2.21 Lakh | 0.9% | 5.0% | 6 | Bengaluru, Karnataka, India |
| Leadows Technologies Private Limited | ₹2.56 Cr (FY 2025) | 73.0% | Bangalore, Karnataka, India | |||
| Digital Intelligence Technologies (India) Private Limited | ₹2.55 Cr (FY 2023) | -5.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Binate Solutions Private Limited, buy the company report.
Auditor
Binate Solutions Private Limited is audited by RAGHAVENDRA U K & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAGHAVENDRA U K & ASSOCIATES | FY 2023 | 215175 |
Shareholding
The shareholding of Binate Solutions Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Binate Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2012 | 10439029 | State Bank of India | ₹24 Lakh | Satisfied |
To see the full charge records of Binate Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Binate Solutions 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 Binate Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Binate Solutions Private Limited has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Binate Solutions Private Limited, buy the company report.
GST
Binate Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU5016G1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Binate Solutions Private Limited, buy the company report.
Recent activity
Binate Solutions Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Venu Madhav Maroju ceased to be Additional Director on 15 Mar 2019.
2 earlier events are in the company report.
Frequently asked questions
Binate Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 September 2012 (14+ years old) and is registered under CIN U62099KA2012PTC065705.
Binate Solutions has 2 current directors:
- Nirmala Gambhir - Director
- Shailesh Gambhir - Director
The latest financial statements of Binate Solutions 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 2015 are in the company report.
The GSTIN of Binate Solutions is 29AABCU5016G1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Binate Solutions is U62099KA2012PTC065705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binate Solutions was incorporated on 03 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Binate Solutions by revenue are Broadgate Software Solutions Private Limited, Minda Telematics and Electric Mobility Solutions Private Limited, Flycatch Infotech Private Limited, Leadows Technologies Private Limited, Digital Intelligence Technologies (India) Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Venu Madhav Maroju ceased to be Additional Director on 15 Mar 2019. Nirmala Gambhir ceased to be Additional Director on 30 Sep 2017. Bhagyalakhsmi Kerekare ceased to be Director on 20 Feb 2017. Binate Solutions has 9 board changes on record in total.
Binate Solutions can be reached through the website binate.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Binate Solutions is at No 745 1st Floor 5th Block Hmt Layout 5th Main Vidyaranyapura, Bengaluru, Karnataka, India – 560097.
Binate Solutions operates in the information technology industry, in the IT consulting and support services segment.
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