About Bitwise Solutions Private Limited
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Bitwise Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U62099PN1997PTC015155. Its GSTIN is 27AAACB4239K1ZN (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹82.41 Lakh. It is led by directors including Seemantini Neelesh Desai (Managing Director) and Neelesh Desai Makarand.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Bitwise World' Next Toshivaji Housing Society Off Senapati Bapat Road, Pune, Maharashtra, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹602.06 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹56.43 Cr (net margin 9.4%) and EBITDA of ₹86.62 Cr (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 9% over five years.
The company has about 1,102 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.16 Cr and satisfied charges of ₹125.95 Cr 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 bitwiseglobal.com.
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- Social Media
- Registered Address'Bitwise World' Next Toshivaji Housing Society Off Senapati Bapat Road, Pune, Maharashtra, India
- 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 Bitwise Solutions Private Limited
The main business activity of Bitwise Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Bitwise Solutions Private Limited FY 2025 filings available
Bitwise Solutions Private Limited reported revenue of ₹602.06 Cr (up 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Bitwise Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 8% growth in the latest year. EBITDA rose 14% 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 Bitwise Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹86.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹56.43 Cr | •••• | •••• | •••• | •••• |
| 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 Bitwise Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.4% | •••• | •••• | •••• | •••• |
| 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 Bitwise Solutions are in the company report.
Financial statements from 2015
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 Bitwise Solutions Private Limited
Bitwise Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infineon Technologies India Private Limited | ₹659.84 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Electronic Arts Games (India) Private Limited | ₹656.38 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Sapiens Technologies (1982) India Private Limited | ₹651.29 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Cotiviti India Private Limited | ₹637 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Sabre Travel Technologies Private Limited | ₹615.84 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Bitwise Solutions Private Limited this company | ₹602.06 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Pune, Maharashtra, India |
| Harman Connected Services Technologies Private Limited | ₹601.2 Cr (FY 2017) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Realpage India Private Limited | ₹594.02 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Alten India Private Limited | ₹592.82 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Putpex Commercial Trade Private Limited | ₹585.38 Cr (FY 2023) | •••• | •••• | -17.0% | •••• | Ahmedabad, Gujarat, India |
| Onmobile Global Limited Listed | ₹578.29 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Bitwise Solutions by revenue in the Information Technology industry (Application Development), 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 Bitwise Solutions Private Limited
Bitwise Solutions has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelesh Desai Makarand Also directs: Wise Leisures Private Limited | Director | 07 May 1997 | 29 Years 5 Months | Current |
| Hemlata Salil Sakhardande Also directs: Wise Leisures Private Limited | Director | 02 May 2003 | 23 Years 5 Months | Current |
| Seemantini Neelesh Desai Also directs: Wise Leisures Private Limited | Managing Director | 02 May 2003 | 23 Years 5 Months | Current |
| Salil Vasant Sakhardande Also directs: Wise Leisures Private Limited | Director | 07 May 1997 | 29 Years 5 Months | Current |
Charges & Borrowings of Bitwise Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2023 | Axis Bank Limited | ₹19.5 Lakh | Open |
| 20 May 2022 | Axis Bank Limited | ₹21 Lakh | Open |
| 20 Jul 2021 | Axis Bank Limited | ₹25 Lakh | Open |
| 10 Sep 2007 | Axis Bank Limited | ₹20.5 Cr | Open |
| 23 Oct 2020 | Axis Bank Limited | ₹10 Cr | Satisfied |
Total charge records: 15 View all charges
MSME Payment Delays by Bitwise Solutions Private Limited
Bitwise Solutions Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 157 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kanj & Co. LLP | •••• | •••• | •••• |
| P.H. Mehendale | •••• | •••• | •••• |
| Juggernaut | •••• | •••• | •••• |
| Euronics Industries Private Limited | •••• | •••• | •••• |
| GNR Solution Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Bitwise Solutions Private Limited
Employment history and EPFO contributions of people linked to Bitwise Solutions.
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.
CIN History of Bitwise Solutions Private Limited
Bitwise Solutions has one previous CIN (Corporate Identification Number): U72200PN1997PTC015155. The current CIN is U62099PN1997PTC015155, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099PN1997PTC015155 | Current |
| U72200PN1997PTC015155 | Previous |
News related to Bitwise Solutions Private Limited
Recent Activity on Bitwise Solutions Private Limited
Bitwise Solutions Private Limited has 4 board changes on record since 1997: 4 appointments. The latest: Hemlata Salil Sakhardande was appointed as Director on 02 May 2003.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bitwise Solutions 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.
Subsidiaries & Group Companies of Bitwise Solutions 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 Bitwise Solutions Private Limited
Bitwise Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB4239K1ZN | Maharashtra | Active | 01 Jul 2017 |
| 23AAACB4239K1ZV | Madhya Pradesh | Active | 23 Sep 2019 |
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 Bitwise Solutions 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 Bitwise Solutions Private Limited
Bitwise Solutions 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 07 May 1997 (29+ years old) and is registered under CIN U62099PN1997PTC015155.
Bitwise Solutions reported revenue of ₹602.06 Cr for FY 2024 (up 8% YoY).
Bitwise Solutions has 4 current directors:
- Seemantini Neelesh Desai - Managing Director
- Neelesh Desai Makarand - Director
- Hemlata Salil Sakhardande - Director
- Salil Vasant Sakhardande - Director
Bitwise Solutions reported a net profit of ₹56.43 Cr (net margin 9.4%) and EBITDA of ₹86.62 Cr (EBITDA margin 14.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bitwise Solutions is 9% over three years and 9% over five years. In the latest year (FY 2024) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bitwise Solutions is 27AAACB4239K1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AAACB4239K1ZV (Madhya Pradesh).
The CIN (Corporate Identification Number) of Bitwise Solutions is U62099PN1997PTC015155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitwise Solutions was incorporated on 07 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Bitwise Solutions by revenue are Infineon Technologies India Private Limited, Electronic Arts Games (India) Private Limited, Sapiens Technologies (1982) India Private Limited, Cotiviti India Private Limited, Sabre Travel Technologies Private Limited and 5 more, all in the Information Technology industry (Application Development).
Hemlata Salil Sakhardande was appointed as Director on 02 May 2003. Seemantini Neelesh Desai was appointed as Managing Director on 02 May 2003. Neelesh Desai Makarand was appointed as Director on 07 May 1997. Bitwise Solutions has 4 board changes on record in total.
Bitwise Solutions has 11 MSME Form 1 returns on record between 2019 and 2023, listing 157 overdue payments to 54 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Bitwise Solutions can be reached through the website bitwiseglobal.com. Its registered office is in Pune, Maharashtra, India.