Coinel Technology Solutions LLP

Coinel Technology Solutions LLP - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
LLPIN AAA-0259 Incorporated 08 October 2009 ROC Bangalore HQ Bangalore, Karnataka, India
Active Limited Liability Partnership information technology MSME · Micro
Data last updated
Revenue · FY 2022
₹3.21 Cr
▼ 29% YoY
Net profit · FY 2022
₹33.31 Lakh
Net margin 10.4%
EBITDA · FY 2022
₹66.12 Lakh
EBITDA margin 20.6%
Contribution obligation
₹1 Lakh
As per LLP agreement
Open charges
₹3.03 Cr
Secured borrowings
LLP age
17 yrs
Est. 2009
Employees · EPFO
20
Provident fund records
Designated partners
2
As per MCA filings

About Coinel Technology Solutions LLP

Data last updated:

Coinel Technology Solutions LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 October 2009 and has been in existence for over 17 years.

The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAA-0259. Its GSTIN is 29AAGFC6626A1ZO (Karnataka).

The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Sachin Sridhar Tiwari and Prakash Pundaliksa Rajolli.

Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.

As per the financials filed for FY 2022, the LLP reported a revenue of ₹3.21 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹33.31 Lakh (net margin 10.4%) and EBITDA of ₹66.12 Lakh (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.

The LLP has about 20 employees on its provident fund (EPFO) records.

As per MCA filings, the LLP has open charges of ₹3.03 Cr on record.

Coinel Technology Solutions LLP is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0045855). For more details, the LLP can be reached via its website coineltech.com.

Company Details of Coinel Technology Solutions LLP
LLPIN AAA-0259
Incorporation Date 08 October 2009
Total Obligation of Contribution ₹1 Lakh
ROC Bangalore
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0045855
Key People
Sachin Sridhar Tiwari Designated Partner Prakash Pundaliksa Rajolli Designated Partner

Recognitions & Rankings of Coinel Technology Solutions

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0045855
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    coineltech.com
  • Social Media
    Locked
  • Registered Address
    No.32(Old No.1335/B) Hapbco Tower 2nd Floor, 9th Main Road Rpc Layout, Bangalore, Karnataka, India – 560104
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Coinel Technology Solutions LLP in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Coinel Technology Solutions LLP FY 2025 filings available

Coinel Technology Solutions LLP reported revenue of ₹3.21 Cr (down 29% YoY) for FY 2022.

Revenue · FY 2022
₹3.21 Cr ▼ 29%
Net profit · FY 2022
₹33.31 Lakh margin 10.4%
EBITDA · FY 2022
₹66.12 Lakh margin 20.6%

Compounded Annual Growth Rate (CAGR) of Coinel Technology Solutions LLP

Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 7%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 110%
3 years · compounded
▲ 35%
5 years · compounded
▲ 25%

Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 110% 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 Coinel Technology Solutions LLP

Statement of Account and SolvencyFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income and Expenditure
Turnover₹3.21 Cr••••••••••••••••
Other Income••••••••••••••••••••
Total Income••••••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹33.31 Lakh••••••••••••••••
Profit Transferred to Partners••••••••••••••••••••
Assets and Liabilities
Partners' Contribution••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Secured Loans••••••••••••••••••••
Unsecured Loans••••••••••••••••••••
Trade Payables••••••••••••••••••••
Other Liabilities and Provisions••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Loans and Advances••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Coinel Technology Solutions LLP

Statement of Account and SolvencyFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
Net Profit Margin10.4%••••••••••••••••
Return on Partners' Funds••••••••••••••••••••
Return on Assets••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Debt to Partners' Funds••••••••••••••••••••
Interest Coverage••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Turnover Growth••••••••••••••••••••
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 8. The full year-wise statements and ratios of Coinel Technology Solutions are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Designated Partners of Coinel Technology Solutions LLP

Coinel Technology Solutions has 2 designated partners on record. No former designated partners are listed.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Sachin Sridhar Tiwari
Also directs: Mitronic Sales Private Limited
Designated Partner08 Oct 200917 Years 0 MonthsCurrent
Prakash Pundaliksa Rajolli
Also directs: Mitronic Sales Private Limited
Designated Partner08 Oct 200917 Years 0 MonthsCurrent
View all designated partners

Ownership and Shareholding of Coinel Technology Solutions LLP

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Charges & Borrowings of Coinel Technology Solutions LLP

Open charges
₹3.03 Cr
Satisfied charges
None
Breakdown by lending institutions
Idfc First Bank Limited₹1.50 Cr
Icici Bank Limited₹1.13 Cr
Yes Bank Limited₹0.40 Cr
Latest charge details
DateLenderAmountStatus
30 Apr 2024Idfc First Bank Limited₹1.5 CrOpen
31 Dec 2019Icici Bank Limited₹1.13 CrOpen
23 Jan 2018Yes Bank Limited₹40 LakhOpen

Total charge records: 3 View all charges

Employees and EPFO Compliance at Coinel Technology Solutions LLP

Coinel Technology Solutions LLP has a workforce of 20 employees as of Apr 02, 2024.

Employee count
20
Active EPFO establishments
1
Employee growth
-23.08%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Coinel Technology Solutions LLP

Coinel Technology Solutions LLP has 2 designated partner changes on record since 2009: 2 appointments. The latest: Prakash Pundaliksa Rajolli was appointed as Designated Partner on 08 Oct 2009.

AGM
Coinel Technology Solutions Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Coinel Technology Solutions Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Idfc First Bank Limited of Rs. 150.00 Lakh registered on 30 Apr 2024 with Charge ID 100927004 was modified on 09 Jul 2024.
Charges
A charge with Idfc First Bank Limited amounted to Rs. 150.00 Lakh with Charge ID 100927004 was registered on 30 Apr 2024.
Charges
A charge with Icici Bank Limited of Rs. 112.70 Lakh registered on 31 Dec 2019 with Charge ID 100335922 was modified on 03 Nov 2020.
Charges
A charge with Icici Bank Limited amounted to Rs. 112.70 Lakh with Charge ID 100335922 was registered on 31 Dec 2019.
Charges
A charge with Yes Bank Limited amounted to Rs. 40.00 Lakh with Charge ID 100217216 was registered on 23 Jan 2018.
Appointed
Prakash Pundaliksa Rajolli was appointed as Designated Partner.
Appointed
Sachin Sridhar Tiwari was appointed as Designated Partner.
Incorporation
08 Oct 2009
Coinel Technology Solutions Llp was registered on 08 Oct 2009 with Roc Bangalore & aged 17 years 14 days as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Coinel Technology Solutions LLP

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MSME Payment Delays by Coinel Technology Solutions LLP

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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Coinel Technology Solutions LLP

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GST Compliance of Coinel Technology Solutions LLP

Coinel Technology Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAGFC6626A1ZOKarnatakaActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Coinel Technology Solutions LLP

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Frequently Asked Questions about Coinel Technology Solutions LLP

Coinel Technology Solutions is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in IT consulting and support services, within the information technology industry. It was incorporated on 08 October 2009 (17+ years old) and is registered under LLPIN AAA-0259.

Coinel Technology Solutions reported revenue of ₹3.21 Cr for FY 2022 (down 29% YoY).

Coinel Technology Solutions has 2 current designated partners:

Coinel Technology Solutions reported a net profit of ₹33.31 Lakh (net margin 10.4%) and EBITDA of ₹66.12 Lakh (EBITDA margin 20.6%) for FY 2022, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Coinel Technology Solutions is 7% over three years and 3% over five years. In the latest year (FY 2022) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Coinel Technology Solutions is 29AAGFC6626A1ZO, registered in Karnataka.

The LLPIN (Limited Liability Partnership Identification Number) of Coinel Technology Solutions is AAA-0259. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Coinel Technology Solutions was incorporated on 08 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.

Prakash Pundaliksa Rajolli was appointed as Designated Partner on 08 Oct 2009. Sachin Sridhar Tiwari was appointed as Designated Partner on 08 Oct 2009.

Yes, Coinel Technology Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0045855).

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