About Brightex Solutions Private Limited
Data last updated:
Brightex Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 17 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2019PTC128829. Its GSTIN is 19AAICB6992P1ZM (West Bengal). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5.25 Lakh and a paid-up capital of ₹5.25 Lakh. It is led by directors including Deepak Agrawal and Jayathirtha Panduranga Katti.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No 2052 2nd Main Sector 2 Bcchs Layout Vajarahalli Uttarahalli Hobli Bangalore South Taluk, Bengaluru, Karnataka, India – 560062.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.49 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -5.2%) and EBITDA of ₹99.49 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 194% over three years.
The company has about 22 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website brightexsolutions.net.
Company details
Contact details
Brightex Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is brightexsolutions.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 2052 2nd Main Sector 2 Bcchs Layout Vajarahalli Uttarahalli Hobli Bangalore South Taluk, Bengaluru, Karnataka, India – 560062
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Brightex Solutions 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 activities of Brightex Solutions are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Brightex Solutions Private Limited, buy the company report.
Financials of Brightex Solutions Private Limited
FY 2023 filings availableBrightex Solutions Private Limited reported revenue of ₹19.49 Cr (up 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 194% over three years, including 26% growth in the latest year. EBITDA fell 79% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹19.49 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹99.49 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.01 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.1% | |||
| Net Profit Margin | -5.2% | |||
| 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 Brightex Solutions Private Limited, buy the company report.
Board of directors of Brightex Solutions Private Limited
Brightex Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Agrawal Also directs: Brightex Network Private Limited | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Jayathirtha Panduranga Katti | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Ramakant Agrawal Also directs: Brightex Fototech Private Limited, Aasan Realty Private Limited, Brightex Enterprises Private Limited and 1 more | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
Peer comparison
Brightex Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brightex Solutions Private Limitedthis company | ₹19.49 Cr (FY 2023) | -₹1.01 Cr | -5.2% | 26.0% | 22 | Bengaluru, Karnataka, India |
| Resolute Enterprises Private Limited | ₹19.48 Cr (FY 2025) | -20.0% | Chennai, Tamil Nadu, India | |||
| Creative Engineers and Services Private Limited | ₹19.42 Cr (FY 2025) | 58.0% | Ahmedabad, Gujarat, India | |||
| Riaan Ventures Private Limited | ₹19.32 Cr (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Techeqip Solutions Private Limited | ₹19.32 Cr (FY 2024) | 6.0% | Delhi, India |
To see the full peer comparison of Brightex Solutions Private Limited, buy the company report.
Auditor
Brightex Solutions Private Limited is audited by ROY VARGHESE AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROY VARGHESE AND ASSOCIATES | FY 2023 | 006226S |
Shareholding
The shareholding of Brightex Solutions 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 Brightex Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Brightex Solutions 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 Brightex Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Brightex Solutions Private Limited has a workforce of 22 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Brightex Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICB6992P1ZM | West Bengal | Active | 18 Jul 2023 |
| 33AAICB6992P1ZW | Tamil Nadu | Active | 09 Aug 2023 |
| 27AAICB6992P1ZP | Maharashtra | Active | 29 Sep 2023 |
To see the full GST registrations and return filing status of Brightex Solutions Private Limited, buy the company report.
Recent activity
Brightex Solutions Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Deepak Agrawal was appointed as Director on 17 Oct 2019.
Frequently asked questions
Brightex Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 17 October 2019 (7+ years old) and is registered under CIN U51909KA2019PTC128829.
Brightex Solutions has 3 current directors:
- Deepak Agrawal - Director
- Jayathirtha Panduranga Katti - Director
- Ramakant Agrawal - Director
The latest financial statements of Brightex Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Brightex Solutions is 19AAICB6992P1ZM, registered in West Bengal. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AAICB6992P1ZW (Tamil Nadu), 27AAICB6992P1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Brightex Solutions is U51909KA2019PTC128829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brightex Solutions was incorporated on 17 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Brightex Solutions by revenue are Resolute Enterprises Private Limited, Creative Engineers and Services Private Limited, Riaan Ventures Private Limited, Techeqip Solutions Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (wholesale trading).
Deepak Agrawal was appointed as Director on 17 Oct 2019. Jayathirtha Panduranga Katti was appointed as Director on 17 Oct 2019. Ramakant Agrawal was appointed as Director on 17 Oct 2019.
Brightex Solutions can be reached through the website brightexsolutions.net. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Brightex Solutions is at No 2052 2nd Main Sector 2 Bcchs Layout Vajarahalli Uttarahalli Hobli Bangalore South Taluk, Bengaluru, Karnataka, India – 560062.
Brightex Solutions operates in the information technology industry, in the IT products retail and distribution segment.