Bluerace Technologies Private Limited
About Bluerace Technologies Private Limited
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Bluerace Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC068485.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Abhay Kumar Bhavarlal Jain and Bhavarlal Bhanukumar Jain.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at #102 Eden Park 20 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.03 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹85,300 (net margin -17%) and EBITDA of -₹80,035 (EBITDA margin -15.9%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 19% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bluerace Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#102 Eden Park 20 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Bluerace Technologies 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 Bluerace Technologies 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 Bluerace Technologies Private Limited, buy the company report.
Financials of Bluerace Technologies Private Limited
FY 2020 filings availableBluerace Technologies Private Limited reported revenue of ₹5.03 Lakh (down 64% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 64% fall in the latest year. EBITDA rose 3% 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
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| EBITDA | -₹80,035 | ||||
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| Net Profit (PAT) | -₹85,300 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | -15.9% | ||||
| Net Profit Margin | -17% | ||||
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To see the full financial statements and ratios of Bluerace Technologies Private Limited, buy the company report.
Board of directors of Bluerace Technologies Private Limited
Bluerace Technologies has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhay Kumar Bhavarlal Jain | Director | 21 Jan 2014 | 12 Years 9 Months | Current |
| Bhavarlal Bhanukumar Jain | Director | 21 Jan 2014 | 12 Years 9 Months | Current |
| Somasundaram Rajagopal Also directs: Yappes Technologies Private Limited | Director | 09 Apr 2013 | 13 Years 7 Months | Current |
Auditor
Bluerace Technologies Private Limited is audited by M/S MOHAN KASUMURTHY & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S MOHAN KASUMURTHY & CO | FY 2016 | 009211S |
Shareholding
The shareholding of Bluerace Technologies Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bluerace Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bluerace Technologies 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
No delayed payments to MSME suppliers are on our record for Bluerace Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bluerace Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bluerace Technologies Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Abhay Kumar Bhavarlal Jain ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Bluerace Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 April 2013 (13+ years old) and is registered under CIN U72200KA2013PTC068485.
Bluerace Technologies has 3 current directors:
- Abhay Kumar Bhavarlal Jain - Director
- Bhavarlal Bhanukumar Jain - Director
- Somasundaram Rajagopal - Director
The latest financial statements of Bluerace Technologies on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bluerace Technologies is U72200KA2013PTC068485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bluerace Technologies was incorporated on 09 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Abhay Kumar Bhavarlal Jain ceased to be Additional Director on 30 Sep 2014. Bhavarlal Bhanukumar Jain ceased to be Additional Director on 30 Sep 2014. Abhay Kumar Bhavarlal Jain was appointed as Director on 21 Jan 2014. Bluerace Technologies has 6 board changes on record in total.
The registered office of Bluerace Technologies is at #102 Eden Park 20 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
Bluerace Technologies operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Bluerace Technologies is compliant as of 28 September 2026. The company is actively filing with the Registrar of Companies.
Bluerace Technologies can be reached at its registered office: #102 Eden Park 20 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
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