Startup India Government of India
Bytecipher Private Limited - information technology in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.23 Cr
▼ 9% YoY
Net profit · FY 2025
₹14.87 Lakh
Net margin 6.7%
EBITDA · FY 2025
₹25.66 Lakh
EBITDA margin 11.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
22
Provident fund records
Directors on board
3
As per MCA filings
About Bytecipher Private Limited
Data last updated:
Bytecipher Private Limited is a private limited company based in Indore, Madhya Pradesh, 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 29 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72200MP2018PTC046965. Its GSTIN is 23AAICB0959L1ZI (Madhya Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Amit Sanvedi and Rakesh Palotra.
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 Office No. 303 3rd Floor Sairam Plaza 63 Mangal Nagar, Indore, Madhya Pradesh, India – 452014.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.23 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹14.87 Lakh (net margin 6.7%) and EBITDA of ₹25.66 Lakh (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 35% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ByteCipher.
For more details, the company can be reached via its website bytecipher.net.
Company details
CIN U72200MP2018PTC046965
Registration Number 046965
Incorporation Date 29 October 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Bytecipher
Contact details
Bytecipher Private Limited's registered office is in Indore, Madhya Pradesh. Its website is bytecipher.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 303 3rd Floor Sairam Plaza 63 Mangal Nagar, Indore, Madhya Pradesh, India – 452014
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Bytecipher Private Limited, buy the company report.
Comprehensive company report
Bytecipher 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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Brands
Bytecipher operates one associated brand: ByteCipher. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT services including software development, cloud, and IoT solutions to clients across various industries. | bytecipher.net |
Business activity
The main business activity of Bytecipher is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Bytecipher Private Limited, buy the company report.
Financials of Bytecipher Private Limited
FY 2025 filings availableBytecipher Private Limited reported revenue of ₹2.23 Cr (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹2.23 Cr ▼ 9%
Net profit · FY 2025
₹14.87 Lakh margin 6.7%
EBITDA · FY 2025
₹25.66 Lakh margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 4%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▼ 16%
5 years · compounded
▲ 44%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 1% 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 | ₹25.66 Lakh | ||||
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| Net Profit (PAT) | ₹14.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 6.7% | ||||
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To see the full financial statements and ratios of Bytecipher Private Limited, buy the company report.
Board of directors of Bytecipher Private Limited
Bytecipher has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Sanvedi | Director | 20 Feb 2020 | 6 Years 8 Months | Current |
| Rakesh Palotra | Director | 29 Oct 2018 | 7 Years 11 Months | Current |
| Ashok Kumar Patel | Director | 29 Oct 2018 | 7 Years 11 Months | Current |
Peer comparison
Bytecipher Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Toshtik Revolution Private Limited | ₹2.23 Cr (FY 2025) | 30.0% | Bulandshahr, Uttar Pradesh, India | |||
| Maven Cluster Software Private Limited | ₹2.23 Cr (FY 2024) | -16.0% | Indore, Madhya Pradesh, India | |||
| Alternate Technoinnovations Private Limited | ₹2.23 Cr (FY 2025) | 56.0% | Bhopal, Madhya Pradesh, India | |||
| Adiveritas Inspections Private Limited | ₹2.23 Cr (FY 2025) | 3399.0% | Panvel, Maharashtra, India | |||
| Bytecipher Private Limitedthis company | ₹2.23 Cr (FY 2025) | ₹14.87 Lakh | 6.7% | -9.0% | 22 | Indore, Madhya Pradesh, India |
| Echofuel Solutions Private Limited | ₹2.23 Cr (FY 2025) | 33.0% | Kolkata, West Bengal, India | |||
| Bces Admissions Abroad Private Limited | ₹2.23 Cr (FY 2025) | -58.0% | Gurgaon, Haryana, India | |||
| Taisei Technical Services Private Limited | ₹2.23 Cr (FY 2025) | 21.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Bytecipher Private Limited, buy the company report.
Auditor
Bytecipher Private Limited is audited by S G JAIN AND ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G JAIN AND ASSOCIATES | FY 2021 | 023497C |
Shareholding
The shareholding of Bytecipher Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Bytecipher Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bytecipher 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 Bytecipher Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bytecipher Private Limited has a workforce of 22 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
-4.35%
GST
Bytecipher has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAICB0959L1ZI | Madhya Pradesh | Active | 08 Jan 2019 |
To see the full GST registrations and return filing status of Bytecipher Private Limited, buy the company report.
Recent activity
Bytecipher Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Amit Sanvedi was appointed as Director on 20 Feb 2020.
AGM
Bytecipher Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bytecipher Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Amit Sanvedi was appointed as Director.
Appointed
Ashok Kumar Patel was appointed as Director.
Appointed
Rakesh Palotra was appointed as Director.
Incorporation
29 Oct 2018
Bytecipher Private Limited was registered on 29 Oct 2018 with Roc Gwalior & aged 7 years 11 months as per MCA records.
Frequently asked questions
Bytecipher is an active private limited company based in Indore, Madhya Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 October 2018 (8+ years old) and is registered under CIN U72200MP2018PTC046965.
Bytecipher has 3 current directors:
- Amit Sanvedi - Director
- Rakesh Palotra - Director
- Ashok Kumar Patel - Director
The latest financial statements of Bytecipher 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 2019 are in the company report.
The GSTIN of Bytecipher is 23AAICB0959L1ZI, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Bytecipher is U72200MP2018PTC046965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bytecipher was incorporated on 29 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Bytecipher by revenue are Toshtik Revolution Private Limited, Maven Cluster Software Private Limited, Alternate Technoinnovations Private Limited, Adiveritas Inspections Private Limited, Echofuel Solutions Private Limited and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Amit Sanvedi was appointed as Director on 20 Feb 2020. Ashok Kumar Patel was appointed as Director on 29 Oct 2018. Rakesh Palotra was appointed as Director on 29 Oct 2018.
Yes, Bytecipher is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Bytecipher can be reached through the website bytecipher.net. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Bytecipher is at Office No. 303 3rd Floor Sairam Plaza 63 Mangal Nagar, Indore, Madhya Pradesh, India – 452014.