About Chipware Technologies Private Limited
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Chipware Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2012PTC066790. Its GSTIN is 29AAFCC0646L1ZG (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Suresh Kumar Kandaswamy and Vani Suresh.
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 N – 44 1 Stfloor 9 Thbmain Lichousingcolonyjeevanbimanagar, Bangalore, Karnataka, India – 560075.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.73 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹6.01 Lakh (net margin 1.3%) and EBITDA of ₹40.09 Lakh (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 9% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Chipware Technologies. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2018. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Dynamic Innovations Private Limited with revenue of ₹4.77 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chipwaretechnologies.com.
- EmailLocked
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- Website
- Social Media
- Registered AddressN – 44 1 Stfloor 9 Thbmain Lichousingcolonyjeevanbimanagar, Bangalore, Karnataka, India – 560075
- IndustryInformation Technology, Application Development & Software Solutions, Electronic Components & Equipment Manufacturing
- 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 Chipware Technologies Private Limited
The main business activity of Chipware 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 Chipware Technologies Private Limited FY 2025 filings available
Chipware Technologies Private Limited reported revenue of ₹4.73 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Chipware Technologies Private Limited
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 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 of Chipware Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹40.09 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.01 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Chipware Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Chipware Technologies are in the company report.
Financial statements from 2015
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 Chipware Technologies Private Limited
Chipware Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Its own revenue is ₹4.73 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dynamic Innovations Private Limited | ₹4.77 Cr | ₹5.93 Lakh | 1% | -8% | Navrangpura Ahmedabad, Gujarat, India | |
| Integrated Geo Instruments and Services Pvt Ltd | ₹4.77 Cr | ₹27.85 Lakh | 6% | +1% | Telangana, India | |
| MFR Electronic Components Private Limited | ₹4.76 Cr | ₹57.57 Lakh | 12% | +6% | Mumbai, Maharashtra, India | |
| Elekron Techsolutions Private Limited | ₹4.74 Cr | ₹61.32 Lakh | 13% | +6836% | Bangalore, Karnataka, India | |
| Lateral Emsoft Private Limited | ₹4.73 Cr | ₹68,632 | 0% | -33% | 12 | Navi Mumbai, Maharashtra, India |
| Chipware Technologies Private Limited this company | ₹4.73 Cr | ₹6.01 Lakh | 1.3% | Bangalore, Karnataka, India | ||
| Nara Technologies Private Limited | ₹4.72 Cr | ₹46.49 Lakh | 10% | +4615% | Bangalore, Karnataka, India | |
| Digilux Automation Private Limited | ₹4.71 Cr | ₹2.88 Cr | -61% | +86% | 9 | Bangalore, Karnataka, India |
| Perfect Team Engineers Private Limited | ₹4.71 Cr | ₹72.54 Lakh | 15% | +98% | Navi Mumbai, Maharashtra, India | |
| Utopia Automation & Control Private Limited | ₹4.7 Cr | ₹13.08 Lakh | 3% | -13% | Satara, Maharashtra, India | |
| Haritasa Electronics Solutions Private Limited | ₹4.7 Cr | ₹1.62 Cr | -34% | +6% | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Chipware Technologies by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Chipware Technologies Private Limited
Chipware Technologies Private Limited is audited by Sumanth & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sumanth & 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 Chipware Technologies Private Limited
Chipware Technologies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Kandaswamy | Director | 01 Jan 2017 | 9 Years 9 Months | Current |
| Vani Suresh | Director | 19 Nov 2012 | 13 Years 10 Months | Current |
| Gangadhar S Nagarkatte | Director | 02 Jun 2016 | 10 Years 4 Months | Current |
| Radha Krishnan | Director | 19 Nov 2012 | 13 Years 10 Months | Current |
Ownership and Shareholding of Chipware 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 Chipware Technologies Private Limited
Chipware Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Chipware Technologies Private Limited
Chipware Technologies Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Rights issue | ₹8 Lakh | Investors: 4 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Chipware Technologies Private Limited
Chipware Technologies operates one associated brand: Chipware Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| VLSI, system design, and software services in technology sectors. | chipwaretechnologies.com |
Employees and EPFO Compliance at Chipware Technologies Private Limited
Chipware Technologies Private Limited has a workforce of 28 employees as of Sep 13, 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 Chipware Technologies Private Limited
Chipware Technologies Private Limited has 6 board changes on record since 2012: 4 appointments and 2 cessations. The latest: Gangadhar S Nagarkatte ceased to be Additional Director on 29 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Chipware 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 Chipware 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 Chipware 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 Chipware Technologies Private Limited
Chipware Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC0646L1ZG | Karnataka | Active | 01 Jul 2017 |
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 Chipware 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 Chipware Technologies Private Limited
Chipware Technologies is an active 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 November 2012 (14+ years old) and is registered under CIN U72900KA2012PTC066790.
Chipware Technologies reported revenue of ₹4.73 Cr for FY 2024 (down 14% YoY).
Chipware Technologies has 4 current directors:
- Suresh Kumar Kandaswamy - Director
- Vani Suresh - Director
- Gangadhar S Nagarkatte - Director
- Radha Krishnan - Director
Chipware Technologies reported a net profit of ₹6.01 Lakh (net margin 1.3%) and EBITDA of ₹40.09 Lakh (EBITDA margin 8.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Chipware Technologies is 9% over three years and 9% over five years. In the latest year (FY 2024) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Chipware Technologies is 29AAFCC0646L1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Chipware Technologies is U72900KA2012PTC066790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chipware Technologies was incorporated on 19 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Chipware Technologies has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2018.
The peers of Chipware Technologies by revenue are Dynamic Innovations Private Limited, Integrated Geo Instruments and Services Pvt Ltd, MFR Electronic Components Private Limited, Elekron Techsolutions Private Limited, Lateral Emsoft Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Gangadhar S Nagarkatte ceased to be Additional Director on 29 Sep 2017. Suresh Kumar Kandaswamy ceased to be Additional Director on 29 Sep 2017. Suresh Kumar Kandaswamy was appointed as Director on 01 Jan 2017. Chipware Technologies has 6 board changes on record in total.