Cupwings Systems Private Limited
About Cupwings Systems Private Limited
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Cupwings Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 31 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC107574. Its GSTIN is 29AAHCC2595E1ZH (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srinath Kotte (Managing Director) and Divya Jyothi Koditham.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #677 1st Floor Suit #289 13th Cross Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.38 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹1,998 (net margin 0.8%) and EBITDA of ₹3,610 (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 11% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address#677 1st Floor Suit #289 13th Cross Sector – 1 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Other Computer Related Activities
- 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 Cupwings Systems Private Limited
The main business activity of Cupwings Systems is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Cupwings Systems Private Limited FY 2023 filings available
Cupwings Systems Private Limited reported revenue of ₹2.38 Lakh (down 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Cupwings Systems Private Limited
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 25% 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 Cupwings Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹3,610 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1,998 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cupwings Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Cupwings Systems are in the company report.
Financial statements from FY 2018
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 Cupwings Systems Private Limited
Cupwings Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ostrya Labs Private Limited | ₹2.39 Lakh (FY 2018) | •••• | •••• | -52.0% | •••• | Chennai, Tamil Nadu, India |
| Inogus Technology Solutions Private Limited | ₹2.39 Lakh (FY 2024) | •••• | •••• | 262.0% | •••• | Noida, Uttar Pradesh, India |
| Syscorp Technology Private Limited | ₹2.39 Lakh (FY 2024) | •••• | •••• | -93.0% | •••• | Puducherry, India |
| Spudweb Technologies Private Limited | ₹2.38 Lakh (FY 2022) | •••• | •••• | -88.0% | •••• | Chennai, Tamil Nadu, India |
| Webkins Online Services (OPC) Private Limited | ₹2.38 Lakh (FY 2017) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Cupwings Systems Private Limited this company | ₹2.38 Lakh (FY 2023) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| Axexa Technology Solution Private Limited | ₹2.37 Lakh (FY 2025) | •••• | •••• | 274.0% | •••• | Bangalore, Karnataka, India |
| Rbrothers E-Commerce Private Limited | ₹2.37 Lakh (FY 2021) | •••• | •••• | 20.0% | •••• | Anuppur, Madhya Pradesh, India |
| Symentix Technologies Private Limited | ₹2.37 Lakh (FY 2021) | •••• | •••• | 456.0% | •••• | Jaipur, Rajasthan, India |
| Rakb Digital Private Limited | ₹2.37 Lakh (FY 2020) | •••• | •••• | -89.0% | •••• | Bhubaneswar, Odisha, India |
| 3Sa Webx Private Limited | ₹2.37 Lakh (FY 2024) | •••• | •••• | 55.0% | •••• | Hooghly, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Cupwings Systems by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Cupwings Systems Private Limited
Cupwings Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinath Kotte | Managing Director | 31 Oct 2017 | 8 Years 11 Months | Current |
| Divya Jyothi Koditham | Director | 31 Oct 2017 | 8 Years 11 Months | Current |
Ownership and Shareholding of Cupwings Systems 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 Cupwings Systems Private Limited
Cupwings Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Cupwings Systems Private Limited
Cupwings Systems Private Limited has a workforce of 0 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 Cupwings Systems Private Limited
Cupwings Systems Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Srinath Kotte ceased to be Director on 28 Mar 2019.
Credit Ratings, Litigation & Regulatory Alerts for Cupwings Systems 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 Cupwings Systems 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 Cupwings Systems 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 Cupwings Systems Private Limited
Cupwings Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC2595E1ZH | Karnataka | Active | 12 Jan 2018 |
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 Cupwings Systems 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 Cupwings Systems Private Limited
Cupwings Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 31 October 2017 (9+ years old) and is registered under CIN U72900KA2017PTC107574.
Cupwings Systems reported revenue of ₹2.38 Lakh for FY 2023 (down 17% YoY).
Cupwings Systems has 2 current directors:
- Srinath Kotte - Managing Director
- Divya Jyothi Koditham - Director
Cupwings Systems reported a net profit of ₹1,998 (net margin 0.8%) and EBITDA of ₹3,610 (EBITDA margin 1.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cupwings Systems is 23% over three years and 11% over five years. In the latest year (FY 2023) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cupwings Systems is 29AAHCC2595E1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Cupwings Systems is U72900KA2017PTC107574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cupwings Systems was incorporated on 31 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Cupwings Systems by revenue are Ostrya Labs Private Limited, Inogus Technology Solutions Private Limited, Syscorp Technology Private Limited, Spudweb Technologies Private Limited, Webkins Online Services (OPC) Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Srinath Kotte ceased to be Director on 28 Mar 2019. Divya Jyothi Koditham was appointed as Director on 31 Oct 2017. Srinath Kotte was appointed as Managing Director on 31 Oct 2017.
Yes, Cupwings Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).