About Commit Technologies Private Limited
Data last updated:
Commit Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2005PTC155551. Its GSTIN is 27AACCC6419N1ZC (Maharashtra).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Narssimhan Kannan and Kamal Rajendra Bhatia.
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 B – 302 3rd Floor Virwani Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹5.92 Lakh (net margin 4.1%) and EBITDA of ₹10.04 Lakh (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 4% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Commit. As per MCA filings, the company has open charges of ₹30 Lakh on record. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2016. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Kbizsoft Solutions Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website commit.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 302 3rd Floor Virwani Industrial Estate Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Commit Technologies Private Limited
The main business activity of Commit Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Commit Technologies Private Limited FY 2024 filings available
Commit Technologies Private Limited reported revenue of ₹1.44 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Commit Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 20% growth in the latest year. EBITDA rose 87% 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 Commit Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.92 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Commit Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| 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 Commit 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 Commit Technologies Private Limited
Commit Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kbizsoft Solutions Private Limited | •••• | •••• | •••• | •••• | - | Sas Nagar Mohali, Punjab, India |
| Opstronomy Health Technologies Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Aquarious Technology Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| KMV Techinfra Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Xiphias Software Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Commit Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Gladstone Merchants Pvt. Ltd. | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Artyfact Studios Private Limited | •••• | •••• | •••• | •••• | - | Aurangabad, Maharashtra, India |
| Inginomicx Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Webplanex Infotech Private Limited | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Seretos Consulting Private Limited | •••• | •••• | •••• | •••• | 14 | Chennai City Corporation, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Commit Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Commit Technologies Private Limited
Commit Technologies Private Limited is audited by V.B. MEHTA & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.B. MEHTA & Co. | 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 Commit Technologies Private Limited
Commit Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narssimhan Kannan Also directs: Commit Industries Private Limited | Director | 23 Sep 2005 | 21 Years 0 Months | Current |
| Kamal Rajendra Bhatia | Director | 21 Aug 2007 | 19 Years 1 Months | Current |
| Nishith Ashwin Sheth Also directs: Commit Paper Products Private Limited | Director | 21 Aug 2007 | 19 Years 1 Months | Current |
Ownership and Shareholding of Commit 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 Commit Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2009 | Union Bank of India | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Commit Technologies Private Limited
Commit Technologies Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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.
Employees and EPFO Compliance at Commit Technologies Private Limited
Commit Technologies Private Limited has a workforce of 19 employees as of Apr 08, 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 Commit Technologies Private Limited
Commit Technologies Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Nalini Narssimhan ceased to be Director on 24 Mar 2014.
Credit Ratings, Litigation & Regulatory Alerts for Commit 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 Commit 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 Commit 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 Commit Technologies Private Limited
Commit Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCC6419N1ZC | Maharashtra | 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 Commit 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 Commit Technologies Private Limited
Commit Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 August 2005 (21+ years old) and is registered under CIN U72200MH2005PTC155551.
Commit Technologies reported revenue of ₹1.44 Cr for FY 2024 (up 20% YoY).
Commit Technologies has 3 current directors:
- Narssimhan Kannan - Director
- Kamal Rajendra Bhatia - Director
- Nishith Ashwin Sheth - Director
Commit Technologies reported a net profit of ₹5.92 Lakh (net margin 4.1%) and EBITDA of ₹10.04 Lakh (EBITDA margin 7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Commit Technologies is 25% over three years and 4% over five years. In the latest year (FY 2024) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Commit Technologies is 27AACCC6419N1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Commit Technologies is U72200MH2005PTC155551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Commit Technologies was incorporated on 23 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Commit Technologies has 2 deals on record (2 secondary share transfers); the latest was in September 2016.
The peers of Commit Technologies by revenue are Kbizsoft Solutions Private Limited, Opstronomy Health Technologies Private Limited, Aquarious Technology Private Limited, KMV Techinfra Private Limited, Xiphias Software Technologies Private Limited and 5 more, all in the Information Technology industry (Application Development).
Nalini Narssimhan ceased to be Director on 24 Mar 2014. Kamal Rajendra Bhatia was appointed as Director on 21 Aug 2007. Nishith Ashwin Sheth was appointed as Director on 21 Aug 2007. Commit Technologies has 4 board changes on record in total.