About Bitware Technologies Private Limited
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Bitware Technologies Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2018PTC175500. Its GSTIN is 27AAHCB7200M1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mitu Shirish Vispute and Shirish Suresh Vispute.
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 White Square Office No 601 S.No 48 Wakad, Pune, Maharashtra, India – 411057.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.2 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.93 Lakh (net margin 9.8%) and EBITDA of ₹5.96 Lakh (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 26% over five years.
For more details, the company can be reached via its website bitwaretechnologies.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressWhite Square Office No 601 S.No 48 Wakad, Pune, Maharashtra, India – 411057
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Business Activity of Bitware Technologies Private Limited
The main business activity of Bitware Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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.
Financials of Bitware Technologies Private Limited FY 2024 filings available
Bitware Technologies Private Limited reported revenue of ₹50.2 Lakh (up 1180% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bitware Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years. 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 Bitware Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.93 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 Bitware Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.8% | •••• | •••• | •••• | •••• |
| 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 Bitware Technologies are in the company report.
Financial statements from FY 2018
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 Bitware Technologies Private Limited
Bitware Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Data processing, hosting and related activities; web portal). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fourvector Solutions Private Limited | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Aeon IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Proud Technologies Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Petnofix Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Raverz Overseas Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Bitware Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Phpyouth Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Ballabgarh, Haryana, India |
| Fourth Digital Consulting Private Limited | •••• | •••• | •••• | •••• | - | Kochi, Kerala, India |
| Voeux Studio Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Cynepia Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Futuristic Led Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Bitware Technologies by revenue in the same principal business activity (Data processing, hosting and related activities; web portal), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Bitware Technologies Private Limited
Bitware Technologies Private Limited is audited by MANGESH PAWAR AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANGESH PAWAR AND ASSOCIATES | 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 Bitware Technologies Private Limited
Bitware Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitu Shirish Vispute | Director | 20 Mar 2018 | 8 Years 6 Months | Current |
| Shirish Suresh Vispute Also directs: Techopolis Solutions LLP, Furnteck Engineers Private Limited | Director | 20 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Bitware 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 Bitware Technologies Private Limited
Bitware Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bitware Technologies Private Limited
Employment history and EPFO contributions of people linked to Bitware Technologies.
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 Bitware Technologies Private Limited
Bitware Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Mitu Shirish Vispute was appointed as Director on 20 Mar 2018.
Credit Ratings, Litigation & Regulatory Alerts for Bitware 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 Bitware 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 Bitware 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 Bitware Technologies Private Limited
Bitware Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCB7200M1ZL | Maharashtra | Active | 05 May 2018 |
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 Bitware 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 Bitware Technologies Private Limited
Bitware Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 March 2018 (8+ years old) and is registered under CIN U74999PN2018PTC175500.
Bitware Technologies reported revenue of ₹50.2 Lakh for FY 2025 (up 1180% YoY).
Bitware Technologies has 2 current directors:
- Mitu Shirish Vispute - Director
- Shirish Suresh Vispute - Director
Bitware Technologies reported a net profit of ₹4.93 Lakh (net margin 9.8%) and EBITDA of ₹5.96 Lakh (EBITDA margin 11.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bitware Technologies is 27% over three years and 26% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bitware Technologies is 27AAHCB7200M1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bitware Technologies is U74999PN2018PTC175500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitware Technologies was incorporated on 20 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Bitware Technologies by revenue are Fourvector Solutions Private Limited, Aeon IT Solutions Private Limited, Proud Technologies Private Limited, Petnofix Private Limited, Raverz Overseas Private Limited and 5 more, all in the same principal business activity (Data processing, hosting and related activities; web portal).
Mitu Shirish Vispute was appointed as Director on 20 Mar 2018. Shirish Suresh Vispute was appointed as Director on 20 Mar 2018.
Yes, Bitware Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).