Bungalow8 Technologies Private Limited
About Bungalow8 Technologies Private Limited
Data last updated:
Bungalow8 Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Drishti Technologies Inc. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 April 2017.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC102383. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.77 Lakh. It is led by directors Ashok Bhagyalakshmi and Sampath Gopalakrishnan.
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 Ask Towers (A) 4th Floor Thoobarahalli Village Varthur Hobli East Taluk, Bangalore, Karnataka, India – 560037.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.26 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹49.03 Lakh (net margin 6.8%) and EBITDA of ₹96.48 Lakh (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 2% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
Company details
Contact details
Bungalow8 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 AddressAsk Towers (A) 4th Floor Thoobarahalli Village Varthur Hobli East Taluk, Bangalore, Karnataka, India – 560037
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Bungalow8 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 Bungalow8 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 Bungalow8 Technologies Private Limited, buy the company report.
Financials of Bungalow8 Technologies Private Limited
FY 2024 filings availableBungalow8 Technologies Private Limited reported revenue of ₹7.26 Cr (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 81% 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 | 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 | ₹96.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹49.03 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 | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | ||||
| Net Profit Margin | 6.8% | ||||
| 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 Bungalow8 Technologies Private Limited, buy the company report.
Board of directors of Bungalow8 Technologies Private Limited
Bungalow8 Technologies has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Bhagyalakshmi | Director | 26 Dec 2023 | 2 Years 9 Months | As last reported |
| Sampath Gopalakrishnan Also directs: Hi Fidelity Solutions Private Limited | Director | 26 Dec 2023 | 2 Years 9 Months | As last reported |
Peer comparison
Bungalow8 Technologies Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techwizer Infotech Private Limited | ₹7.26 Cr (FY 2025) | 4015.0% | Hyderabad, Telangana, India | |||
| Flux Auto India Private Limited | ₹7.26 Cr (FY 2023) | 8.0% | Bangalore, Karnataka, India | |||
| Codewalla Software Development Private Limited | ₹7.26 Cr (FY 2025) | -34.0% | Pune, Maharashtra, India | |||
| Bungalow8 Technologies Private Limitedthis company | ₹7.26 Cr (FY 2024) | ₹49.03 Lakh | 6.8% | -83.0% | 42 | Bangalore, Karnataka, India |
| Quality Matrix Test Solutions Private Limited | ₹7.25 Cr (FY 2024) | -37.0% | Gudivada, Andhra Pradesh, India | |||
| Think AI India Consulting Private Limited | ₹7.25 Cr (FY 2025) | 2.0% | Indore, Madhya Pradesh, India | |||
| Qness Software Private Limited | ₹7.24 Cr (FY 2024) | 2.0% | Bangalore, Karnataka, India | |||
| Arrowcore Technologies Private Limited | ₹7.24 Cr (FY 2025) | -25.0% | Ghaziabad, Uttar Pradesh, India | |||
| Smartgig Technologies Private Limited | ₹7.24 Cr (FY 2024) | -19.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Bungalow8 Technologies Private Limited, buy the company report.
Auditor
Bungalow8 Technologies Private Limited is audited by AKASH & KISHOR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKASH & KISHOR | FY 2023 | 016333S |
Shareholding
The shareholding of Bungalow8 Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bungalow8 Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bungalow8 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 Bungalow8 Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bungalow8 Technologies Private Limited has a workforce of 42 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Bungalow8 Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bungalow8 Technologies Private Limited, buy the company report.
Recent activity
Bungalow8 Technologies Private Limited has 18 board changes on record since 2017: 10 appointments and 8 cessations. The latest: Krishnendu Chaudhury ceased to be Director on 31 Dec 2023.
9 earlier events are in the company report.
Frequently asked questions
Bungalow8 Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Bungalow8 Technologies is a company under liquidation, formerly operating as a 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 19 April 2017 and is registered under CIN U72900KA2017PTC102383. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bungalow8 Technologies has 2 current directors:
- Ashok Bhagyalakshmi - Director
- Sampath Gopalakrishnan - Director
The latest financial statements of Bungalow8 Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Bungalow8 Technologies is U72900KA2017PTC102383. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bungalow8 Technologies was incorporated on 19 April 2017. It is registered with the Registrar of Companies, Bangalore.
The peers of Bungalow8 Technologies by revenue are Techwizer Infotech Private Limited, Flux Auto India Private Limited, Codewalla Software Development Private Limited, Quality Matrix Test Solutions Private Limited, Think AI India Consulting Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Krishnendu Chaudhury ceased to be Director on 31 Dec 2023. Prasad Narasimha Akella ceased to be Director on 31 Dec 2023. Ashok Bhagyalakshmi was appointed as Director on 26 Dec 2023. Bungalow8 Technologies has 18 board changes on record in total.
The registered office of Bungalow8 Technologies is at Ask Towers A 4th Floor Thoobarahalli Village Varthur Hobli East Taluk, Bangalore, Karnataka, India – 560037.
No. Bungalow8 Technologies has 1 GST registration on record and it is cancelled or inactive.
Bungalow8 Technologies operates in the information technology industry, in the application development and software solutions segment.