Startup India Government of India
Blunet Ventures Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.52 Cr
▲ 24% YoY
Net loss · FY 2024
₹6.53 Lakh
Net margin -4.3%
EBITDA · FY 2024
-₹4.16 Lakh
EBITDA margin -2.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Blunet Ventures Private Limited
Data last updated:
Blunet Ventures Private Limited is a private limited company based in Bangalore, Karnataka, 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 03 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC140594. Its GSTIN is 29AAJCB4065G1ZJ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ranjith Panolkandy and Dhanoop Panolkandy Cholappuram.
Its last annual general meeting (AGM) was held on 22 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.36/1 3rd Floor 11th Cross 1st Main 60 Ft Road 1st Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.52 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹6.53 Lakh (net margin -4.3%) and EBITDA of -₹4.16 Lakh (EBITDA margin -2.7%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years.
Blunet Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0054970). For more details, the company can be reached via its website blunetworld.com.
Company details
CIN U72900KA2020PTC140594
Registration Number 140594
Incorporation Date 03 November 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 November 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0054970
Key People
Ranjith Panolkandy Director Dhanoop Panolkandy Cholappuram Director Narayan Spurthi Additional Director Recognitions & Rankings of Blunet Ventures
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0054970
Contact details
Blunet Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is blunetworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.36/1 3rd Floor 11th Cross 1st Main 60 Ft Road 1st Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Blunet Ventures Private Limited, buy the company report.
Comprehensive company report
Blunet Ventures 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
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Business activity
The main business activity of Blunet Ventures is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Blunet Ventures Private Limited, buy the company report.
Financials of Blunet Ventures Private Limited
FY 2025 filings availableBlunet Ventures Private Limited reported revenue of ₹1.52 Cr (up 24% YoY) for FY 2024.
Revenue · FY 2024
₹1.52 Cr ▲ 24%
Net loss · FY 2024
₹6.53 Lakh margin -4.3%
EBITDA · FY 2024
-₹4.16 Lakh margin -2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 100%
EBITDA CAGR growth
1 year
▲ 82%
3 years · compounded
▼ 118%
Revenue has grown at a compounded annual rate (CAGR) of 100% over three years, including 24% growth in the latest year. EBITDA rose 82% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹4.16 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹6.53 Lakh | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -2.7% | |||
| Net Profit Margin | -4.3% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Blunet Ventures Private Limited, buy the company report.
Board of directors of Blunet Ventures Private Limited
Blunet Ventures has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjith Panolkandy Also directs: Trustella Foods Private Limited | Director | 03 Nov 2020 | 5 Years 11 Months | Current |
| Dhanoop Panolkandy Cholappuram | Director | 03 Nov 2020 | 5 Years 11 Months | Current |
| Narayan Spurthi | Additional Director | 15 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Blunet Ventures Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (management consultancy activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Satyabhama Investment Solutions Private Limited | ₹1.53 Cr (FY 2025) | 153.0% | New Delhi, Delhi, India | |||
| Provect Consulting Private Limited | ₹1.53 Cr (FY 2024) | -15.0% | Secunderabad, Telangana, India | |||
| Brickhouse Services Private Limited | ₹1.53 Cr (FY 2025) | 61.0% | Gurgaon, Haryana, India | |||
| Desma International Private Limited | ₹1.52 Cr (FY 2025) | 2213.0% | Cherthla, Kerala, India | |||
| Skaipal Consulting Private Limited | ₹1.52 Cr (FY 2023) | 361.0% | Bhubaneswar, Odisha, India | |||
| Blunet Ventures Private Limitedthis company | ₹1.52 Cr (FY 2024) | -₹6.53 Lakh | -4.3% | 24.0% | Bangalore, Karnataka, India | |
| Erpians Technology Solutions Private Limited | ₹1.52 Cr (FY 2024) | 5541.0% | Hyderabad, Telangana, India | |||
| Arnold Consulting Private Limited | ₹1.52 Cr (FY 2024) | -33.0% | Bangalore, Karnataka, India | |||
| Four-D Management Consulting Private Limited | ₹1.52 Cr (FY 2025) | 34.0% | Bangalore, Karnataka, India | |||
| Corporate Law Academy Private Limited | ₹1.51 Cr (FY 2024) | 163.0% | Mumbai, Maharashtra, India | |||
| Avsl Securities Private Limited | ₹1.51 Cr (FY 2025) | -34.0% | Delhi, India |
To see the full peer comparison of Blunet Ventures Private Limited, buy the company report.
Auditor
Blunet Ventures Private Limited is audited by VARUN S for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARUN S | FY 2023 | 234056 |
Shareholding
The shareholding of Blunet Ventures Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Blunet Ventures Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Blunet Ventures 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 Blunet Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Blunet Ventures Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Blunet Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCB4065G1ZJ | Karnataka | Active | 10 Nov 2020 |
To see the full GST registrations and return filing status of Blunet Ventures Private Limited, buy the company report.
Recent activity
Blunet Ventures Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Narayan Spurthi was appointed as Additional Director on 15 Mar 2025.
AGM
Blunet Ventures Private Limited last Annual general meeting of members was held on 22 Nov 2025 as per latest MCA records.
Filing
Blunet Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Narayan Spurthi was appointed as Additional Director.
Appointed
Dhanoop Panolkandy Cholappuram was appointed as Director.
Appointed
Ranjith Panolkandy was appointed as Director.
Incorporation
03 Nov 2020
Blunet Ventures Private Limited was registered on 03 Nov 2020 with Roc Bangalore & aged 5 years 11 months as per MCA records.
Frequently asked questions
Blunet Ventures 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 03 November 2020 (6+ years old) and is registered under CIN U72900KA2020PTC140594.
Blunet Ventures has 3 current directors:
- Ranjith Panolkandy - Director
- Dhanoop Panolkandy Cholappuram - Director
- Narayan Spurthi - Additional Director
The latest financial statements of Blunet Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 November 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Blunet Ventures is 29AAJCB4065G1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Blunet Ventures is U72900KA2020PTC140594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blunet Ventures was incorporated on 03 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Blunet Ventures by revenue are Satyabhama Investment Solutions Private Limited, Provect Consulting Private Limited, Brickhouse Services Private Limited, Desma International Private Limited, Skaipal Consulting Private Limited and 5 more, all in the same principal business activity (management consultancy activities).
Narayan Spurthi was appointed as Additional Director on 15 Mar 2025. Dhanoop Panolkandy Cholappuram was appointed as Director on 03 Nov 2020. Ranjith Panolkandy was appointed as Director on 03 Nov 2020.
Yes, Blunet Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Blunet Ventures is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0054970).
Blunet Ventures can be reached through the website blunetworld.com. Its registered office is in Bangalore, Karnataka, India.