About Bitsmith Technologies Private Limited
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Bitsmith Technologies Private Limited is a private limited company based in Yavatmal, Maharashtra, India, recognised as a startup by DPIIT. It operates in the education and training segment of the education and learning sector. It was incorporated on 28 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80904MH2020PTC342801.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Savita Balkrushna Hajare and Arvind Balkrushna Hajare.
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 C/O. Shri. Yogeshwar Balkrushna Sarde Ujjwal Nagar Part – 2 Wadgao N, Yavatmal, Maharashtra, India – 445001.
As per the financials filed for FY 2025, the company reported a revenue of ₹70,550, a decline of 66% compared to the previous year. For the same year it recorded a net profit of ₹33,250 (net margin 47.1%) and EBITDA of ₹36,230 (EBITDA margin 51.4%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years.
The company is associated with 1 brand: Bitsmith Technologies.
For more details, the company can be reached via its website bitsmith.tech.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC/O. Shri. Yogeshwar Balkrushna Sarde Ujjwal Nagar Part – 2 Wadgao N, Yavatmal, Maharashtra, India – 445001
- IndustryEducation & Learing, Education, Education Itraining
- 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
Associated Brands with Bitsmith Technologies Private Limited
Bitsmith Technologies operates one associated brand: Bitsmith Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive web and mobile application development services. | bitsmith.tech |
Competitors & Alternatives of Bitsmith Technologies Private Limited
Brands and companies operating in the same space as Bitsmith Technologies Private Limited include Hedgehog lab, AlmavivA, AKQA and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Hedgehog lab | Mobile application development and UX design services are provided. | Newcastle Upon Tyne, United Kingdom | 2007 |
 AlmavivA | IT services suite solutions are provided globally by AlmavivA. | Rome, Italy | 2005 |
 AKQA | Integrated digital marketing campaigns are developed and executed across channels. | Riyadh, Saudi Arabia | 1994 |
 Fresche Solutions | IT services for application modernization and development are offered. | Montreal, Canada | 1976 |
 GlowTouch | Technology services are provided to mid-sized businesses across multiple regions. | Louisville, United States | 2002 |
 Hancom | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | Seongnam-si, South Korea | 1990 |
 Sierra Atlantic | Offshore enterprise application development and IT consulting services are provided. | Newark, United States | 1993 |
 Waracle | Mobile apps and IoT solutions are developed across platforms. | Dundee, United Kingdom | 2007 |
 QX Global Group | Digital transformation and business process management services are provided. | Skipton, United Kingdom | 2003 |
 Brightspot | CMS solutions for digital publishers are provided and managed. | Reston, United States | 2008 |
Business Activity of Bitsmith Technologies Private Limited
The business activities of Bitsmith Technologies are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Bitsmith Technologies Private Limited
Bitsmith Technologies Private Limited is audited by ASHISH BAJAJ & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASHISH BAJAJ & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bitsmith Technologies Private Limited
Bitsmith Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savita Balkrushna Hajare | Director | 23 Mar 2024 | 2 Years 6 Months | Current |
| Arvind Balkrushna Hajare Also directs: Sram Green Energy LLP | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
Financials of Bitsmith Technologies Private Limited FY 2025 filings available
Bitsmith Technologies Private Limited reported revenue of ₹70,550 (down 66.00% YoY) for FY 2025.
Growth of Bitsmith Technologies Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) |
|---|---|---|
| Revenue | ▼ 66% | ▼ 38% |
| Net profit | ▲ 116% | ▲ 43% |
| EBITDA | ▲ 118% | ▲ 44% |
Revenue has declined at a compounded annual rate (CAGR) of 38% over three years, including a 66% fall 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 Bitsmith Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36,230 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33,250 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Bitsmith Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 47.1% | •••• | •••• | •••• | •••• |
| 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 Bitsmith 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.
Ownership and Shareholding of Bitsmith 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 Bitsmith Technologies Private Limited
Bitsmith Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bitsmith Technologies Private Limited
Bitsmith Technologies Private Limited has a workforce of 0 employees as of Apr 07, 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.
GST Compliance of Bitsmith Technologies Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Bitsmith 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 Bitsmith 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 Bitsmith 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.
MCA Filings & Documents of Bitsmith 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.
Recent Activity on Bitsmith Technologies Private Limited
Frequently Asked Questions about Bitsmith Technologies Private Limited
Bitsmith Technologies is an active private limited company based in Yavatmal, Maharashtra, India. The company works in education, within the education and learning industry. It was incorporated on 28 July 2020 (6+ years old) and is registered under CIN U80904MH2020PTC342801.
Bitsmith Technologies reported revenue of ₹70,550 for FY 2025 (down 66.00% YoY).
Bitsmith Technologies has 2 current directors:
- Savita Balkrushna Hajare - Director
- Arvind Balkrushna Hajare - Director
Bitsmith Technologies reported a net profit of ₹33,250 (net margin 47.1%) and EBITDA of ₹36,230 (EBITDA margin 51.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bitsmith Technologies is -38% over three years. In the latest year (FY 2025) revenue fell 66%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Bitsmith Technologies is U80904MH2020PTC342801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitsmith Technologies was incorporated on 28 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Bitsmith Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Bitsmith Technologies can be reached through the website bitsmith.tech. Its registered office is in Yavatmal, Maharashtra, India.