Bit2bit Technologies Private Limited
About Bit2bit Technologies Private Limited
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Bit2bit Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC134222. Its GSTIN is 29AAJCB0011E1Z9 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Mahaveer Solanki and Nishant Gauraw.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at H.N. 39 2 Floor Ngef Lane Indiranagar First Stage, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.74 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹40.83 Lakh and EBITDA of -₹40.83 Lakh.
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- Registered AddressH.N. 39 2 Floor Ngef Lane Indiranagar First Stage, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Financials of Bit2bit Technologies Private Limited FY 2023 filings available
Bit2bit Technologies Private Limited reported revenue of ₹2.74 Lakh (down 78% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Bit2bit Technologies Private Limited
Revenue fell 78% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Bit2bit Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹2.74 Lakh | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | -₹40.83 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹40.83 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 of Bit2bit Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | •••• |
| Net Profit Margin | •••• | •••• |
| 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 Bit2bit Technologies are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Bit2bit Technologies Private Limited
Bit2bit Technologies Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Answer Infotech Private Limited | ₹2.77 Lakh (FY 2024) | •••• | •••• | 61.0% | •••• | Ahmedabad, Gujarat, India |
| Mia Amigos Services Private Limited | ₹2.77 Lakh (FY 2021) | •••• | •••• | 87748.0% | •••• | Ahmedabad, Gujarat, India |
| Digycue IT Services India Private Limited | ₹2.76 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Seri Lingampally, Telangana, India |
| Suryansha Multitrade & Consultancy Private Limited | ₹2.75 Lakh (FY 2024) | •••• | •••• | -86.0% | •••• | Mumbai, Maharashtra, India |
| Inventcrest Technologies Private Limited | ₹2.75 Lakh (FY 2021) | •••• | •••• | 0.0% | •••• | Faridabad, Haryana, India |
| Bit2bit Technologies Private Limited this company | ₹2.74 Lakh (FY 2022) | •••• | •••• | -78.0% | •••• | Bangalore, Karnataka, India |
| Rho Software Solutions Private Limited | ₹2.74 Lakh (FY 2018) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Tech Brahas (OPC) Private Limited | ₹2.73 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Chennai, Tamil Nadu, India |
| RSMP Media Private Limited | ₹2.71 Lakh (FY 2023) | •••• | •••• | 164.0% | •••• | Durgapur, West Bengal, India |
| Alm Business Consulting Service Private Limited | ₹2.69 Lakh (FY 2024) | •••• | •••• | -50.0% | •••• | Gulbarga, Karnataka, India |
| Delight Multi Services Private Limited | ₹2.69 Lakh (FY 2025) | •••• | •••• | -16.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Bit2bit Technologies by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Bit2bit Technologies Private Limited
Bit2bit Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahaveer Solanki Also directs: Shaan Finance Limited | Director | 21 May 2020 | 6 Years 4 Months | Current |
| Nishant Gauraw | Director | 21 May 2020 | 6 Years 4 Months | Current |
Ownership and Shareholding of Bit2bit Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bit2bit Technologies Private Limited
Bit2bit Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bit2bit Technologies Private Limited
Bit2bit Technologies Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bit2bit Technologies Private Limited
Bit2bit Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mahaveer Solanki was appointed as Director on 21 May 2020.
Credit Ratings, Litigation & Regulatory Alerts for Bit2bit Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bit2bit Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bit2bit Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bit2bit Technologies Private Limited
Bit2bit Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCB0011E1Z9 | Karnataka | Active | 29 May 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bit2bit Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bit2bit Technologies Private Limited
Bit2bit Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 21 May 2020 (6+ years old) and is registered under CIN U72900KA2020PTC134222.
Bit2bit Technologies reported revenue of ₹2.74 Lakh for FY 2022 (down 78% YoY).
Bit2bit Technologies has 2 current directors:
- Mahaveer Solanki - Director
- Nishant Gauraw - Director
Bit2bit Technologies reported a net loss of ₹40.83 Lakh and EBITDA of -₹40.83 Lakh for FY 2022, as per its filed financial statements.
The GSTIN of Bit2bit Technologies is 29AAJCB0011E1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Bit2bit Technologies is U72900KA2020PTC134222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bit2bit Technologies was incorporated on 21 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bit2bit Technologies by revenue are Answer Infotech Private Limited, Mia Amigos Services Private Limited, Digycue IT Services India Private Limited, Suryansha Multitrade & Consultancy Private Limited, Inventcrest Technologies Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Mahaveer Solanki was appointed as Director on 21 May 2020. Nishant Gauraw was appointed as Director on 21 May 2020.
The registered office of Bit2bit Technologies is at H.N. 39 2 Floor Ngef Lane Indiranagar First Stage, Bangalore, Karnataka, India – 560038.
Bit2bit Technologies has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh.