About Bitonic Technology Labs Private Limited
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Bitonic Technology Labs Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Bitonic Technology Labs Inc.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC085486. Its GSTIN is 29AAGCB5691P1ZT (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.87 Lakh. It is led by directors including Gopal Agarwal (Whole-Time Director) and Jayakishore Reddy Gollareddy.
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Site No 142 1st Cross Road 5th Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2025, the company reported a revenue of ₹235.86 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹79.32 Lakh (net margin 0.3%) and EBITDA of ₹2.65 Cr (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 65% over five years.
The company has about 222 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Yellow.ai. As per MCA filings, the company has open charges of ₹3.31 Cr on record. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2020. Its 8 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 5 smaller; the largest is Model N India Software Private Limited with revenue of ₹240.34 Cr. The company has 6 MSME Form 1 returns on record between 2021 and 2024, listing 25 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website yellowmessenger.com.
Company details
Contact details
Bitonic Technology Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is yellowmessenger.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSite No 142 1st Cross Road 5th Block, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Bitonic Technology Labs 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
Business activity
The main business activity of Bitonic Technology Labs 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 Bitonic Technology Labs Private Limited, buy the company report.
Financials of Bitonic Technology Labs Private Limited
FY 2025 filings availableBitonic Technology Labs Private Limited reported revenue of ₹235.86 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 65%. EBITDA rose 107% 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 | ₹2.65 Cr | ||||
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| Net Profit (PAT) | ₹79.32 Lakh | ||||
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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 | 1.1% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Bitonic Technology Labs Private Limited, buy the company report.
Board of directors of Bitonic Technology Labs Private Limited
Bitonic Technology Labs has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayakishore Reddy Gollareddy Also directs: Acesurf IT Labs LLP | Director | 22 Jan 2016 | 10 Years 9 Months | Current |
| Raghavendra Kumar Ravinutala | Director | 22 Jan 2016 | 10 Years 9 Months | Current |
| Gopal Agarwal | Whole-Time Director | 17 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Bitonic Technology Labs Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Model N India Software Private Limited | ₹240.34 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India | |||
| Rsa Security Applications India Private Limited | ₹238.4 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| Mastercard Mobile Transactions Solutions Private Limited | ₹237.06 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India | |||
| Bitonic Technology Labs Private Limitedthis company | ₹235.86 Cr (FY 2025) | ₹79.32 Lakh | 0.3% | -1.0% | 222 | Bangalore, Karnataka, India |
| Invensis Technologies Private Limited | ₹235.21 Cr (FY 2024) | 16.0% | Bengaluru, Karnataka, India | |||
| Cygnet Infotech Private Limited | ₹234.98 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| Techwave Consulting India Private Limited | ₹234.66 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Ncsi Technologies (India) Private Limited | ₹234.09 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Cornerstone Ondemand Services India Private Limited | ₹233.63 Cr (FY 2024) | 27.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bitonic Technology Labs Private Limited, buy the company report.
Auditor
Bitonic Technology Labs Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Bitonic Technology Labs Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bitonic Technology Labs Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2023 | 100846732 | The Hongkong and Shanghai Banking Corporation Limited | ₹80 Lakh | Open | |
| 28 Oct 2019 | 100302853 | Hdfc Bank Limited | ₹2.51 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Bitonic Technology Labs Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Rights issue | ₹14.45 Cr | Investors: Bitonic Technology Labs Inc |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Bitonic Technology Labs Inc & Raghavendra Kumar Ravinutala, Bitonic Technology Labs Inc Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Bitonic Technology Labs 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
Bitonic Technology Labs Private Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 25 overdue payments to 9 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 (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Chandrasekaran Associates | |||
| Searce Cosourcing Service Private Limited | |||
| M O J & Associates | |||
| DBS Mintek Private Limited |
To see the full MSME payment records of Bitonic Technology Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bitonic Technology Labs Private Limited has a workforce of 222 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 | 222 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Bitonic Technology Labs Private Limited, buy the company report.
GST
Bitonic Technology Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB5691P1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bitonic Technology Labs Private Limited, buy the company report.
Recent activity
Bitonic Technology Labs Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Gopal Agarwal was appointed as Whole-Time Director on 17 Dec 2024.
From our blog
Frequently asked questions
Bitonic Technology Labs 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 22 January 2016 (10+ years old) and is registered under CIN U72200KA2016PTC085486.
Bitonic Technology Labs has 3 current directors:
- Gopal Agarwal - Whole-Time Director
- Jayakishore Reddy Gollareddy - Director
- Raghavendra Kumar Ravinutala - Director
The latest financial statements of Bitonic Technology Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Bitonic Technology Labs is 29AAGCB5691P1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Bitonic Technology Labs is U72200KA2016PTC085486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitonic Technology Labs was incorporated on 22 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Bitonic Technology Labs has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2020.
The peers of Bitonic Technology Labs by revenue are Model N India Software Private Limited, Rsa Security Applications India Private Limited, Mastercard Mobile Transactions Solutions Private Limited, Invensis Technologies Private Limited, Cygnet Infotech Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Gopal Agarwal was appointed as Whole-Time Director on 17 Dec 2024. Gopal Agarwal ceased to be Additional Director on 17 Dec 2024. Jay Prakash Sahal ceased to be Additional Director on 16 Aug 2021. Bitonic Technology Labs has 5 board changes on record in total.
Bitonic Technology Labs has 6 MSME Form 1 returns on record between 2021 and 2024, listing 25 overdue payments to 9 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Bitonic Technology Labs can be reached through the website yellowmessenger.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bitonic Technology Labs is at Site No 142 1st Cross Road 5th Block, Bangalore, Karnataka, India – 560034.
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