About Bright Money Technology Private Limited
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Bright Money Technology Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Bright Capital Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC126843. Its GSTIN is 29AAICB5802C1ZX (Karnataka).
The company has an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It is led by directors including Varun Kumar Modi and Avinash Patchava.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 20 Sbi Colony J Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.75 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.26 Cr (net margin 10.8%) and EBITDA of ₹9.06 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 78% over five years.
The company has about 161 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bright.
For more details, the company can be reached via its website brightmoney.co.
Company details
Contact details
Bright Money Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is brightmoney.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 20 Sbi Colony J Block, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Bright Money Technology 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
Brands
Bright Money Technology operates one associated brand: Bright. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bright is focused on debt management and credit building. | brightmoney.co |
Business activity
The main business activity of Bright Money Technology is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Bright Money Technology Private Limited, buy the company report.
Financials of Bright Money Technology Private Limited
FY 2025 filings availableBright Money Technology Private Limited reported revenue of ₹57.75 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 14% growth in the latest year. EBITDA rose 11% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹9.06 Cr | ||||
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| Net Profit (PAT) | ₹6.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 15.7% | ||||
| Net Profit Margin | 10.8% | ||||
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To see the full financial statements and ratios of Bright Money Technology Private Limited, buy the company report.
Board of directors of Bright Money Technology Private Limited
Bright Money Technology 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 |
|---|---|---|---|---|
| Varun Kumar Modi | Director | 23 Dec 2020 | 5 Years 10 Months | Current |
| Avinash Patchava | Director | 06 Aug 2019 | 7 Years 2 Months | Current |
| Avinash Ramakanth Sarvadevabhatla | Director | 16 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Bright Money Technology Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mars Telecom Systems Private Limited | ₹58.58 Cr (FY 2023) | 33.0% | Hyderabad, Telangana, India | |||
| Bravoventure India Private Limited | ₹58.41 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| Karmic Design Private Limited | ₹58.24 Cr (FY 2025) | 54.0% | Manipal, Karnataka, India | |||
| Va Infosolutions India Private Limited | ₹58.06 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Atidiv (India) Private Limited | ₹57.86 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India | |||
| Bright Money Technology Private Limitedthis company | ₹57.75 Cr (FY 2025) | ₹6.26 Cr | 10.8% | 14.0% | 161 | Bangalore, Karnataka, India |
| Rcube Planet Private Limited | ₹57.74 Cr (FY 2025) | 26.0% | Gurgaon, Haryana, India | |||
| RRG Engineering Technologies Private Limited | ₹57.67 Cr (FY 2024) | 235.0% | Hyderabad, Telangana, India | |||
| Syniverse Technologies (India) Private Limited | ₹57.59 Cr (FY 2025) | 3.0% | Gurgaon, Haryana, India | |||
| Lqi Infra Limited | ₹57.58 Cr (FY 2020) | Kolkata, West Bengal, India | ||||
| Truechip Solutions Private Limited | ₹57.55 Cr (FY 2025) | 69.0% | New Delhi, Delhi, India |
To see the full peer comparison of Bright Money Technology Private Limited, buy the company report.
Auditor
Bright Money Technology Private Limited is audited by K.N.SRIKANTA PRASAD for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.N.SRIKANTA PRASAD | FY 2023 | 219261 |
Shareholding
The shareholding of Bright Money Technology Private Limited is on record for 4 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 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Bright Money Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bright Money Technology 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 Bright Money Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bright Money Technology Private Limited has a workforce of 161 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Bright Money Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICB5802C1ZX | Karnataka | Active | 19 Sep 2019 |
To see the full GST registrations and return filing status of Bright Money Technology Private Limited, buy the company report.
Recent activity
Bright Money Technology Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Avinash Ramakanth Sarvadevabhatla ceased to be Director on 28 Oct 2025.
News
Frequently asked questions
Bright Money Technology is an active foreign 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 06 August 2019 (7+ years old) and is registered under CIN U72900KA2019FTC126843.
Bright Money Technology has 3 current directors:
- Varun Kumar Modi - Director
- Avinash Patchava - Director
- Avinash Ramakanth Sarvadevabhatla - Director
The latest financial statements of Bright Money Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Bright Money Technology is 29AAICB5802C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Bright Money Technology is U72900KA2019FTC126843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bright Money Technology was incorporated on 06 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bright Money Technology by revenue are Mars Telecom Systems Private Limited, Bravoventure India Private Limited, Karmic Design Private Limited, Va Infosolutions India Private Limited, Atidiv (India) Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Avinash Ramakanth Sarvadevabhatla ceased to be Director on 28 Oct 2025. Avinash Ramakanth Sarvadevabhatla was appointed as Director on 16 Mar 2022. Petko Plachkov ceased to be Director on 16 Mar 2022. Bright Money Technology has 6 board changes on record in total.
Bright Money Technology can be reached through the website brightmoney.co. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bright Money Technology is at No. 20 Sbi Colony J Block, Bangalore, Karnataka, India – 560034.
Bright Money Technology operates in the information technology industry, in the application development and software solutions segment.
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