MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0229273
Bluebear Technology Private Limited - financial services in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹41.48 Cr
▲ 64% YoY
Net profit · FY 2026
₹4.89 Cr
Net margin 11.8%
EBITDA · FY 2026
₹40.68 Cr
EBITDA margin 98.1%
Authorised capital
₹84.77 Lakh
Registered with MCA
Paid-up capital
₹41.53 Lakh
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹3.5 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
346
Provident fund records
About Bluebear Technology Private Limited
Data last updated:
Bluebear Technology Private Limited is a private limited company based in Delhi, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 29 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2016PTC290342. Its GSTIN is 29AAGCB5815R1ZZ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹84.77 Lakh and a paid-up capital of ₹41.53 Lakh. It is led by directors including Brijesh Samantaray and Vishwanathan Mavila Nair.
Its last annual general meeting (AGM) was held on 28 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 105 First Floor Aditya Arcade Preet Vihar, Delhi, India – 110092.
As per the financials filed for FY 2026, the company reported a revenue of ₹41.48 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹4.89 Cr (net margin 11.8%) and EBITDA of ₹40.68 Cr (EBITDA margin 98.1%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 346 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Propelld and Edgro. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹3.5 Cr on record. Court records list 73 cases involving the company, including 72 filed by the company and 1 filed against it; 25 cases are pending. The company has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹516.76 Cr; the latest was in May 2025. The company has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 10 overdue payments to 4 micro and small suppliers.
Bluebear Technology Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0229273). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propelld.com.
Company details
CIN U74999DL2016PTC290342
Registration Number 290342
Incorporation Date 29 January 2016
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0229273
Key People
Shreyans Singh Nominee Director Ritesh Banglani Nominee Director Brijesh Samantaray Director Recognitions & Rankings of Bluebear Technology
Contact details
Bluebear Technology Private Limited's registered office is in Delhi, Delhi. Its website is propelld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address105 First Floor Aditya Arcade Preet Vihar, Delhi, India – 110092
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Bluebear Technology Private Limited, buy the company report.
Comprehensive company report
Bluebear Technology Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Bluebear Technology operates two associated brands: Propelld and Edgro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of flexible digital education loans with customized repayment options for students | propelld.com | |
| Student loans are provided for education financing by Edgro. | edgrofin.com |
Business activity
The main business activity of Bluebear Technology is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Bluebear Technology Private Limited, buy the company report.
Financials of Bluebear Technology Private Limited
FY 2026 filings availableBluebear Technology Private Limited reported revenue of ₹41.48 Cr (up 64% YoY) for FY 2026.
Revenue · FY 2026
₹41.48 Cr ▲ 64%
Net profit · FY 2026
₹4.89 Cr margin 11.8%
EBITDA · FY 2026
₹40.68 Cr margin 98.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 603%
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 64% growth in the latest year. EBITDA rose 603% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.89 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.1% | ||||
| Net Profit Margin | 11.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Bluebear Technology Private Limited, buy the company report.
Board of directors of Bluebear Technology Private Limited
Bluebear Technology has 7 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyans Singh Also directs: Leadership Boulevard Private Limited | Nominee Director | 13 May 2025 | 1 Years 5 Months | Current |
| Ritesh Banglani Also directs: Stellaris Advisors LLP, Stellaris Venture Advisors 2 LLP, Stellaris Partners 2 LLP and 5 more | Nominee Director | 25 Apr 2019 | 7 Years 6 Months | Current |
| Brijesh Samantaray | Director | 29 Jan 2016 | 10 Years 9 Months | Current |
| Vishwanathan Mavila Nair | Director | 31 Jul 2023 | 3 Years 3 Months | Current |
| Deepak Ramineedi Also directs: Safetree Nurture LLP, Star Health and Allied Insurance Company Limited, Kuhoo Tech Innovations Private Limited and 5 more | Nominee Director | 14 Mar 2022 | 4 Years 7 Months | Current |
| Bibhu Prasad Das Also directs: Edgro Finance Private Limited | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Bluebear Technology Private Limited is audited by Nangia & Co LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nangia & Co LLP | FY 2026 | 002391C/N500069 |
Shareholding
The shareholding of Bluebear Technology Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bluebear Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹3.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2026 | 101413235 | Others | ₹20 Cr | Open | |
| 21 Jul 2025 | 101131453 | Others | ₹3.5 Cr | Satisfied |
To see the full charge records of Bluebear Technology Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Bluebear Technology Private Limited has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹516.76 Cr; the latest was in May 2025.
Total deals
13
Funding rounds
10
Secondary share transfers
3
Disclosed funding
₹516.76 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Funding round · Series D | ₹260 Cr | Investors: Westbridge Capital Partners, Stellaris Venture Partners |
| Mar 2022 | Funding round · Series C | ₹225.67 Cr | Investors: Westbridge Capital Partners, India Quotient, Stellaris Venture Partners |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: India Quotient Seller: Indian Angel Network Fund, 3 individuals |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Westbridge Capital Partners, Stellaris Venture Partners Seller: Indian Angel Network Fund, 3 individuals |
| Feb 2018 | Funding round | ₹47 Lakh | Investors: Uincept, Startupbootcamp, 2 individuals |
To see the full deal history of Bluebear Technology Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bluebear Technology Private Limited has 73 court cases on record: 72 filed by Bluebear Technology, 1 filed against it. 25 cases are pending and 48 are disposed.
Total cases
73
Filed by the company
72
Filed against the company
1
Pending
25
Disposed
48
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 73 | 1 | 25 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ujjain, Madhya Pradesh | Court case (UN CR) | Filed against the company by an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, South West, Delhi | Court case (CR CRIMINAL REVISION) | Filed by the company against State of NCT of Delhi and 7 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Bluebear Technology Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Bluebear Technology Private Limited has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 10 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Marketxpander Services Private Limited | |||
| Exotel Techcom Private Limited | |||
| Guru & Jana | |||
| Enzyme Jnc Business Center |
To see the full MSME payment records of Bluebear Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Bluebear Technology has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Edgro Finance Private Limited | U65929KA2022PTC160962 |
To see the full group structure of Bluebear Technology Private Limited, buy the company report.
Employees & EPFO
Bluebear Technology Private Limited has a workforce of 346 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
346
Active EPFO establishments
1
Employee growth
-0.57%
GST
Bluebear Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB5815R1ZZ | Karnataka | Active | 16 Aug 2019 |
To see the full GST registrations and return filing status of Bluebear Technology Private Limited, buy the company report.
Recent activity
Bluebear Technology Private Limited has 8 board changes on record since 2016: 7 appointments and 1 cessation. The latest: Shreyans Singh was appointed as Nominee Director on 13 May 2025.
Charges
A charge with Others amounted to Rs. 2,000.00 Lakh with Charge ID 101413235 was registered on 30 Sep 2026.
AGM
Bluebear Technology Private Limited last Annual general meeting of members was held on 28 Sep 2026 as per latest MCA records.
Charges
A charge registered on 21 Jul 2025 via Charge ID 101131453 with Others was fully satisfied on 30 Apr 2026.
Filing
Bluebear Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge with Others amounted to Rs. 350.00 Lakh with Charge ID 101131453 was registered on 21 Jul 2025.
Appointed
Shreyans Singh was appointed as Nominee Director.
Appointed
Victor Senapaty was appointed as Director.
Appointed
Vishwanathan Mavila Nair was appointed as Director.
Appointed
Deepak Ramineedi was appointed as Nominee Director.
Ceased
Alok Sharma ceased to be Nominee Director.
Appointed
Ritesh Banglani was appointed as Nominee Director.
Appointed
Bibhu Prasad Das was appointed as Director.
2 earlier events are in the company report.
News
Frequently asked questions
Bluebear Technology is an active private limited company based in Delhi, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 29 January 2016 (10+ years old) and is registered under CIN U74999DL2016PTC290342.
Bluebear Technology has 7 current directors:
- Shreyans Singh - Nominee Director
- Ritesh Banglani - Nominee Director
- Brijesh Samantaray - Director
- Vishwanathan Mavila Nair - Director
- Deepak Ramineedi - Nominee Director
- Bibhu Prasad Das - Director
- Victor Senapaty - Director
The latest financial statements of Bluebear Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 September 2026. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Bluebear Technology is 29AAGCB5815R1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Bluebear Technology is U74999DL2016PTC290342. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bluebear Technology has 73 court cases on record: 72 filed by the company and 1 filed against it. 25 are pending.
Bluebear Technology was incorporated on 29 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Bluebear Technology has 13 deals on record (10 funding rounds, 3 secondary share transfers), with disclosed funding of ₹516.76 Cr; the latest was in May 2025.
Shreyans Singh was appointed as Nominee Director on 13 May 2025. Victor Senapaty was appointed as Director on 13 May 2025. Vishwanathan Mavila Nair was appointed as Director on 31 Jul 2023. Bluebear Technology has 8 board changes on record in total.
Yes, Bluebear Technology is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0229273).
Bluebear Technology has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 10 overdue payments to 4 micro and small suppliers. The latest return was filed on 16 Dec 2023.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages