Commerce Velocity (India) Private Limited
About Commerce Velocity (India) Private Limited
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Commerce Velocity (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Fnts Holdings Llc. It operates in the software products and publishing segment of the software and technology sector. It was incorporated on 06 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2001PTC083039.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Timothy Jay Roache and Ollukaran Inasu George.
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 249 Guruprasada 15th Main 4th T Block Jayanagar, Bangalore, Karnataka, India – 560049.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.56 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹18.51 Lakh (net margin 62.6%) and EBITDA of ₹23.62 Lakh (EBITDA margin 79.9%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Commerce Velocity (India) has one previous CIN (Corporate Identification Number): U72200DL2001PTC109515. The current CIN is U72200KA2001PTC083039, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2001PTC083039 | Current |
| U72200DL2001PTC109515 | Previous |
Contact details
Commerce Velocity (India) Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address249 Guruprasada 15th Main 4th T Block Jayanagar, Bangalore, Karnataka, India – 560049
- IndustrySoftware, Software Publishing, Software Development
To see the full contact details of Commerce Velocity (India) 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
Financials of Commerce Velocity (India) Private Limited
FY 2024 filings availableCommerce Velocity (India) Private Limited reported revenue of ₹29.56 Lakh (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years, including 24% growth in the latest year. EBITDA rose 184% 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 | ₹23.62 Lakh | ||||
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| Net Profit (PAT) | ₹18.51 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 | 79.9% | ||||
| Net Profit Margin | 62.6% | ||||
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To see the full financial statements and ratios of Commerce Velocity (India) Private Limited, buy the company report.
Board of directors of Commerce Velocity (India) Private Limited
Commerce Velocity (India) has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Timothy Jay Roache Also directs: FNF India Private Limited | Director | 08 Dec 2021 | 4 Years 10 Months | Current |
| Ollukaran Inasu George Also directs: FNF India Private Limited | Director | 29 Sep 2016 | 10 Years 0 Months | Current |
| Michael Andrew Giddings Also directs: FNF India Private Limited | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Commerce Velocity (India) Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Application Development, Computer Hardware), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Growinture Technologies Private Limited | ₹29.64 Lakh (FY 2025) | 19.0% | Bangalore, Karnataka, India | |||
| Cuber Technologies Private Limited | ₹29.63 Lakh (FY 2024) | -67.0% | Hyderabad, Telangana, India | |||
| Synsynoia Design Private Limited | ₹29.61 Lakh (FY 2025) | -37.0% | Pune, Maharashtra, India | |||
| Bpointer Technologies Private Limited | ₹29.6 Lakh (FY 2024) | 286.0% | Pune, Maharashtra, India | |||
| Avaan Intellect Systems Limited | ₹29.6 Lakh (FY 2024) | 34.0% | Hyderabad, Telangana, India | |||
| Commerce Velocity (India) Private Limitedthis company | ₹29.56 Lakh (FY 2025) | ₹18.51 Lakh | 62.6% | 24.0% | Bangalore, Karnataka, India | |
| Optinno Mobitech Private Limited | ₹29.54 Lakh (FY 2024) | -50.0% | Pune, Maharashtra, India | |||
| CNT Technologies Private Limited | ₹29.49 Lakh (FY 2017) | 43.0% | Ghaziabad, Uttar Pradesh, India | |||
| Climescape Private Limited | ₹29.48 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Nodesure Technologies Private Limited | ₹29.48 Lakh (FY 2024) | 130.0% | Jaipur, Rajasthan, India | |||
| Phibonacci Solutions Private Limited | ₹29.47 Lakh (FY 2025) | -66.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Commerce Velocity (India) Private Limited, buy the company report.
Auditor
Commerce Velocity (India) Private Limited is audited by Sreenivasan and Govardhan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sreenivasan and Govardhan | FY 2023 | 007168S |
Shareholding
The shareholding of Commerce Velocity (India) 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 Commerce Velocity (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Commerce Velocity (India) 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 Commerce Velocity (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Commerce Velocity (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Commerce Velocity (India) Private Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Timothy Jay Roache ceased to be Additional Director on 30 Sep 2022.
3 earlier events are in the company report.
Frequently asked questions
Commerce Velocity (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in software publishing, within the software industry. It was incorporated on 06 February 2001 (25+ years old) and is registered under CIN U72200KA2001PTC083039.
Commerce Velocity (India) has 3 current directors:
- Timothy Jay Roache - Director
- Ollukaran Inasu George - Director
- Michael Andrew Giddings - Director
The latest financial statements of Commerce Velocity (India) 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Commerce Velocity (India) is U72200KA2001PTC083039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Commerce Velocity (India) was incorporated on 06 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Commerce Velocity (India) by revenue are Growinture Technologies Private Limited, Cuber Technologies Private Limited, Synsynoia Design Private Limited, Bpointer Technologies Private Limited, Avaan Intellect Systems Limited and 5 more, all in the Information Technology industry (Application Development, Computer Hardware).
Timothy Jay Roache ceased to be Additional Director on 30 Sep 2022. Timothy Jay Roache was appointed as Director on 08 Dec 2021. Laimayum Gautami ceased to be Director on 26 Aug 2019. Commerce Velocity (India) has 12 board changes on record in total.
The registered office of Commerce Velocity (India) is at 249 Guruprasada 15th Main 4th T Block Jayanagar, Bangalore, Karnataka, India – 560049.
Commerce Velocity (India) operates in the software industry, in the software publishing segment.
The compliance status of Commerce Velocity (India) is compliant as of 24 July 2026. The company is actively filing with the Registrar of Companies.
Commerce Velocity (India) can be reached at its registered office: 249 Guruprasada 15th Main 4th T Block Jayanagar, Bangalore, Karnataka, India – 560049.