MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0031142
Clockwork Business Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.29 Cr
▲ 28% YoY
Net profit · FY 2025
₹13.09 Lakh
Net margin 2.1%
EBITDA · FY 2025
₹63.91 Lakh
EBITDA margin 10.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Satisfied charges
₹92.48 Lakh
No open charges
Company age
23 yrs
Est. 2003
Employees · EPFO
19
Provident fund records
About Clockwork Business Solutions Private Limited
Data last updated:
Clockwork Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Mbd Solutions Limited, Mauritius. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2003PTC032836. Its GSTIN is 29AACCC2712J1ZS (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹75 Lakh. It was formerly known as Clockwork Systems Private Limited. It is led by directors Devindra Vaijinathappa Mankare (Managing Director) and Aishwarya Mankare.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 251/62 Aishwarya Towers 9th Main 43rd Cross 5th Block, Bangalore, Karnataka, India – 560041.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.29 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹13.09 Lakh (net margin 2.1%) and EBITDA of ₹63.91 Lakh (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹92.48 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
Clockwork Business Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0031142). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clockwork.in.
Company details
CIN U72200KA2003PTC032836
Registration Number 032836
Incorporation Date 10 November 2003
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Mbd Solutions Limited, Mauritius
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0031142
Recognitions & Rankings of Clockwork Business Solutions
Contact details
Clockwork Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is clockwork.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address251/62 Aishwarya Towers 9th Main 43rd Cross 5th Block, Bangalore, Karnataka, India – 560041
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Clockwork Business Solutions Private Limited, buy the company report.
Comprehensive company report
Clockwork Business Solutions 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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Secure checkout · GST invoice included
Business activity
The main business activity of Clockwork Business Solutions 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 Clockwork Business Solutions Private Limited, buy the company report.
Financials of Clockwork Business Solutions Private Limited
FY 2025 filings availableClockwork Business Solutions Private Limited reported revenue of ₹6.29 Cr (up 28% YoY) for FY 2025.
Revenue · FY 2025
₹6.29 Cr ▲ 28%
Net profit · FY 2025
₹13.09 Lakh margin 2.1%
EBITDA · FY 2025
₹63.91 Lakh margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▼ 4%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 105%
3 years · compounded
▼ 5%
5 years · compounded
▼ 13%
Revenue rose 28% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 105% 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 | ₹63.91 Lakh | ||||
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| Net Profit (PAT) | ₹13.09 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Clockwork Business Solutions Private Limited, buy the company report.
Board of directors of Clockwork Business Solutions Private Limited
Clockwork Business Solutions has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aishwarya Mankare Also directs: Germane Analytics Private Limited | Director | 02 Nov 2021 | 4 Years 11 Months | Current |
| Devindra Vaijinathappa Mankare Also directs: Germane Analytics Private Limited | Managing Director | 14 Jan 2019 | 7 Years 9 Months | Current |
Auditor
Clockwork Business Solutions Private Limited is audited by A P A R & CO.LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P A R & CO.LLP | FY 2023 | 013205S/S200371 |
Shareholding
The shareholding of Clockwork Business Solutions Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clockwork Business Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹92.48 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2017 | 100145956 | Axis Bank Limited | ₹92.48 Lakh | Satisfied |
To see the full charge records of Clockwork Business Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Clockwork Business Solutions Private Limited has 3 court cases on record: 1 filed by Clockwork Business Solutions, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Rthreem Business Solutions Pvt Ltd and 5 others | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Clockwork Business Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Clockwork Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clockwork Business Solutions Private Limited has a workforce of 19 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
-5%
GST
Clockwork Business Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC2712J1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Clockwork Business Solutions Private Limited, buy the company report.
Recent activity
Clockwork Business Solutions Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Srinivasan Bakthavathsalam ceased to be Director on 16 Jun 2022.
AGM
Clockwork Business Solutions Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Clockwork Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 22 Dec 2017 via Charge ID 100145956 with Axis Bank Limited was fully satisfied on 15 Jul 2023.
Ceased
Srinivasan Bakthavathsalam ceased to be Director.
Ceased
Aishwarya Mankare ceased to be Additional Director.
Ceased
Ashwani Kumar Singh ceased to be Director.
Ceased
Murlidhar Bhamidipati ceased to be Director.
Appointed
Aishwarya Mankare was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 0.92 Cr registered on 22 Dec 2017 with Charge ID 100145956 was modified on 01 Sep 2020.
Ceased
Amit Garg ceased to be Director.
Ceased
Devindra Vaijinathappa Mankare ceased to be Additional Director.
Ceased
Pooja Singh Mini ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Clockwork Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 November 2003 (23+ years old) and is registered under CIN U72200KA2003PTC032836.
Clockwork Business Solutions has 2 current directors:
- Devindra Vaijinathappa Mankare - Managing Director
- Aishwarya Mankare - Director
The latest financial statements of Clockwork Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Clockwork Business Solutions is 29AACCC2712J1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Clockwork Business Solutions is U72200KA2003PTC032836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clockwork Business Solutions has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Clockwork Business Solutions was incorporated on 10 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Srinivasan Bakthavathsalam ceased to be Director on 16 Jun 2022. Aishwarya Mankare ceased to be Additional Director on 25 Nov 2021. Ashwani Kumar Singh ceased to be Director on 25 Nov 2021. Clockwork Business Solutions has 12 board changes on record in total.
Yes, Clockwork Business Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0031142).
Clockwork Business Solutions can be reached through the website clockwork.in. Its registered office is in Bangalore, Karnataka, India.