About Denovo Hitech Solutions Private Limited
Data last updated:
Denovo Hitech Solutions Private Limited is a private limited company 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 20 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC053302. Its GSTIN is 29AADCD4130G1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Denovo Hightech Solutions Private Limited. It is led by directors Venkatesh Gopalan (Whole-Time Director) and Santhanalakshmi Venkatesh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.91 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹5.25 Lakh (net margin 2.7%) and EBITDA of ₹7.61 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 12% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Denovo HiTech solutions. As per MCA filings, the company has open charges of ₹20 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website denovosoftsol.com.
Company details
Contact details
Denovo Hitech Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is denovosoftsol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDenovo Shelters 2nd Floor 36 7th Main Dwarka Nagar Hoskeralli Bsk, 3rd Stage, Bangalore, Karnataka, India – 560085
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Denovo Hitech Solutions 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
Brands
Denovo Hitech Solutions operates one associated brand: Denovo HiTech solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, cloud services, software development, and business analytics worldwide. | denovosoftsol.com |
Business activity
The main business activity of Denovo Hitech Solutions is administrative and support service activities. In detail, this covers employment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 78 | Employment activities |
To see the full business activity and turnover split of Denovo Hitech Solutions Private Limited, buy the company report.
Financials of Denovo Hitech Solutions Private Limited
FY 2025 filings availableDenovo Hitech Solutions Private Limited reported revenue of ₹1.91 Cr (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 54% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA rose 1% 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 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 | ₹7.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.25 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 | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Denovo Hitech Solutions Private Limited, buy the company report.
Board of directors of Denovo Hitech Solutions Private Limited
Denovo Hitech Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Gopalan Also directs: Varakas Global Trade Private Limited | Whole-Time Director | 01 Feb 2016 | 10 Years 8 Months | Current |
| Santhanalakshmi Venkatesh Also directs: Varakas Global Trade Private Limited | Director | 20 Apr 2010 | 16 Years 6 Months | Current |
Auditor
Denovo Hitech Solutions Private Limited is audited by N D S & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N D S & CO | FY 2021 | 009804S |
Shareholding
The shareholding of Denovo Hitech Solutions Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Denovo Hitech Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2020 | 100380853 | Syndicate Bank | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Denovo Hitech Solutions 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 Denovo Hitech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Denovo Hitech Solutions Private Limited has a workforce of 19 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Denovo Hitech Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCD4130G1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Denovo Hitech Solutions Private Limited, buy the company report.
Recent activity
Denovo Hitech Solutions Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Krishnamoorthy Natarajan ceased to be Director on 15 Feb 2016.
Frequently asked questions
Denovo Hitech 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 20 April 2010 (16+ years old) and is registered under CIN U72200KA2010PTC053302.
Denovo Hitech Solutions has 2 current directors:
- Venkatesh Gopalan - Whole-Time Director
- Santhanalakshmi Venkatesh - Director
The latest financial statements of Denovo Hitech Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Denovo Hitech Solutions is 29AADCD4130G1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Denovo Hitech Solutions is U72200KA2010PTC053302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Denovo Hitech Solutions was incorporated on 20 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Krishnamoorthy Natarajan ceased to be Director on 15 Feb 2016. Venkatesh Gopalan was appointed as Whole-Time Director on 01 Feb 2016. Shreelatha Udupa ceased to be Director on 03 Nov 2014. Denovo Hitech Solutions has 4 board changes on record in total.
Denovo Hitech Solutions can be reached through the website denovosoftsol.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Denovo Hitech Solutions is at Denovo Shelters 2nd Floor 36 7th Main Dwarka Nagar Hoskeralli Bsk, 3rd Stage, Bangalore, Karnataka, India – 560085.
Denovo Hitech Solutions operates in the information technology industry, in the IT consulting and support services segment.