About Blute Technologies Private Limited
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Blute Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC125986. Its GSTIN is 29AAICB5319G1ZL (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Hemmige Madaiah Satya Prakash and Sudarshan Shenvi Suresh.
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 No. 159 Mahadeswara Nilaya 2nd Cross 5th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹40.84 Lakh (net margin 20.6%) and EBITDA of ₹44.98 Lakh (EBITDA margin 22.7%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Blute Technologies.
For more details, the company can be reached via its website blute.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 159 Mahadeswara Nilaya 2nd Cross 5th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Blute Technologies Private Limited
The main business activity of Blute Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Blute Technologies Private Limited FY 2024 filings available
Blute Technologies Private Limited reported revenue of ₹1.99 Cr (up 253% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Blute Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 80% over three years, including 253% growth in the latest year. EBITDA rose 411% 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 Blute Technologies 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 | ₹44.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.84 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Blute Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 20.6% | •••• | •••• | •••• | •••• |
| 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 Blute Technologies are in the company report.
Financial statements from FY 2020
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 Blute Technologies Private Limited
Blute Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Potens Talential Solutions Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| JSM Oilfield Services Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Iadroit Techwin Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Gurgaon, Haryana, India |
| TFSM India Private Limited | ₹1.99 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Pune, Maharashtra, India |
| Quickmove Technologies Private Limited | ₹1.99 Cr (FY 2023) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Blute Technologies Private Limited this company | ₹1.99 Cr (FY 2024) | •••• | •••• | 253.0% | •••• | Bangalore, Karnataka, India |
| Legaljini Corporate Services Private Limited | ₹1.98 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Orchidglobal Services Private Limited | ₹1.98 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Lucknow, Uttar Pradesh, India |
| Zeal Tours & Events Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Supportfly Technologies Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Jaipur, Rajasthan, India |
| Insueta Technologies Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Blute Technologies by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Blute Technologies Private Limited
Blute Technologies Private Limited is audited by VENKATESH PRABHU AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENKATESH PRABHU 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 Blute Technologies Private Limited
Blute Technologies has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Bramhavar Bhat | Additional Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Naresh Suresh Pai Also directs: Alkimi India Private Limited | Additional Director | 01 Nov 2024 | 1 Years 11 Months | Current |
| Hemmige Madaiah Satya Prakash | Director | 08 Jul 2019 | 7 Years 3 Months | Current |
| Sudarshan Shenvi Suresh | Director | 08 Jul 2019 | 7 Years 3 Months | Current |
| Vittaladas Vedavyasa Bhat | Additional Director | 02 Sep 2020 | 6 Years 1 Months | Current |
Ownership and Shareholding of Blute 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 Blute Technologies Private Limited
Blute Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Blute Technologies Private Limited
Blute Technologies operates one associated brand: Blute Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive IT services including application development, cyber security, DevOps, and consultancy. | blute.co.in |
Employees and EPFO Compliance at Blute Technologies Private Limited
Blute Technologies Private Limited has a workforce of 16 employees as of Apr 07, 2024.
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 Blute Technologies Private Limited
Blute Technologies Private Limited has 5 board changes on record since 2019: 5 appointments. The latest: Naresh Suresh Pai was appointed as Additional Director on 01 Nov 2024.
Credit Ratings, Litigation & Regulatory Alerts for Blute 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 Blute 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 Blute 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 Blute Technologies Private Limited
Blute Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB5319G1ZL | Karnataka | Active | 03 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 Blute 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 Blute Technologies Private Limited
Blute Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 July 2019 (7+ years old) and is registered under CIN U72900KA2019PTC125986.
Blute Technologies reported revenue of ₹1.99 Cr for FY 2024 (up 253% YoY).
Blute Technologies has 5 current directors:
- Ganesh Bramhavar Bhat - Additional Director
- Naresh Suresh Pai - Additional Director
- Hemmige Madaiah Satya Prakash - Director
- Sudarshan Shenvi Suresh - Director
- Vittaladas Vedavyasa Bhat - Additional Director
Blute Technologies reported a net profit of ₹40.84 Lakh (net margin 20.6%) and EBITDA of ₹44.98 Lakh (EBITDA margin 22.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Blute Technologies is 80% over three years. In the latest year (FY 2024) revenue rose 253%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Blute Technologies is 29AAICB5319G1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Blute Technologies is U72900KA2019PTC125986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blute Technologies was incorporated on 08 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Blute Technologies by revenue are Potens Talential Solutions Private Limited, JSM Oilfield Services Private Limited, Iadroit Techwin Private Limited, TFSM India Private Limited, Quickmove Technologies Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Naresh Suresh Pai was appointed as Additional Director on 01 Nov 2024. Ganesh Bramhavar Bhat was appointed as Additional Director on 31 Dec 2020. Vittaladas Vedavyasa Bhat was appointed as Additional Director on 02 Sep 2020. Blute Technologies has 5 board changes on record in total.
Yes, Blute Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).