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Designs in Change Technology Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.96 Cr
▲ 52% YoY
Net loss · FY 2024
₹3.44 Cr
Net margin -86.9%
EBITDA · FY 2024
-₹2.97 Cr
EBITDA margin -75.1%
Authorised capital
₹2.2 Lakh
Registered with MCA
Paid-up capital
₹1.15 Lakh
Issued & subscribed
Open charges
₹4.9 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Designs in Change Technology Private Limited
Data last updated:
Designs in Change Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 13 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC111086. Its GSTIN is 29AAGCD5873K1Z1 (Karnataka).
The company has an authorised share capital of ₹2.2 Lakh and a paid-up capital of ₹1.15 Lakh. It is led by directors including Vijayakumar Rema Hariraj (Managing Director) and Shwetal Shubhadeep.
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 18 2nd Floor Ramanashree Arcade, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.96 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹3.44 Cr (net margin -86.9%) and EBITDA of -₹2.97 Cr (EBITDA margin -75.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 3% over five years.
The company is associated with 1 brand: NWORX. As per MCA filings, the company has open charges of ₹4.9 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹5.76 Cr; the latest was in December 2022. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 2 micro and small suppliers.
Designs in Change Technology Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0076804). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nworx.ai.
Company details
CIN U74999KA2018PTC111086
Registration Number 111086
Incorporation Date 13 March 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0076804
Key People
Vijayakumar Rema Hariraj Managing Director Shwetal Shubhadeep Director Vishnu Swaminathan Nominee Director Recognitions & Rankings of Designs in Change Technology
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0076804
Contact details
Designs in Change Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is nworx.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address18 2nd Floor Ramanashree Arcade, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, SaaS (Software as a Service) Providers
To see the full contact details of Designs in Change Technology Private Limited, buy the company report.
Comprehensive company report
Designs in Change Technology Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Designs in Change Technology is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Designs in Change Technology Private Limited, buy the company report.
Financials of Designs in Change Technology Private Limited
FY 2024 filings availableDesigns in Change Technology Private Limited reported revenue of ₹3.96 Cr (up 52% YoY) for FY 2024.
Revenue · FY 2024
₹3.96 Cr ▲ 52%
Net loss · FY 2024
₹3.44 Cr margin -86.9%
EBITDA · FY 2024
-₹2.97 Cr margin -75.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 8%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 77%
5 years · compounded
▼ 77%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 52% growth in the latest year. EBITDA fell 37% 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 |
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| Total Expenses | |||||
| EBITDA | -₹2.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.44 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -75.1% | ||||
| Net Profit Margin | -86.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Designs in Change Technology Private Limited, buy the company report.
Board of directors of Designs in Change Technology Private Limited
Designs in Change Technology has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shwetal Shubhadeep Also directs: Designs in Design LLP | Director | 13 Mar 2018 | 8 Years 7 Months | Current |
| Vijayakumar Rema Hariraj Also directs: Designs in Design LLP | Managing Director | 13 Mar 2018 | 8 Years 7 Months | Current |
| Vishnu Swaminathan Also directs: Rayrise Design Lab Private Limited, Indian Housing Federation, Manahwell Healthcare Private Limited and 1 more | Nominee Director | 14 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Designs in Change Technology Private Limited is audited by Siddaiah & Ram for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Siddaiah & Ram | FY 2023 | 003860S |
Shareholding
The shareholding of Designs in Change Technology 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 Designs in Change Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2023 | 100771584 | Axis Bank Limited | ₹4 Cr | Open | |
| 25 May 2022 | 100576554 | Axis Bank Limited | ₹90 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Designs in Change Technology Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹5.76 Cr; the latest was in December 2022.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹5.76 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Designs in Change Technology Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Designs in Change Technology 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
Designs in Change Technology Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Symbion Technology Private Limited |
To see the full MSME payment records of Designs in Change Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Designs in Change Technology has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCD5873K1Z1 | Karnataka | Active | 28 Mar 2018 |
To see the full GST registrations and return filing status of Designs in Change Technology Private Limited, buy the company report.
Recent activity
Designs in Change Technology Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Vishnu Swaminathan was appointed as Nominee Director on 14 Apr 2023.
AGM
Designs In Change Technology Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Designs In Change Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 400.00 Lakh with Charge ID 100771584 was registered on 19 Aug 2023.
Appointed
Vishnu Swaminathan was appointed as Nominee Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 90.00 Lakh with Charge ID 100576554 was registered on 25 May 2022.
Ceased
Sanjay Radhakrishnan ceased to be Director.
Ceased
Vijayakumar Rema Hariraj ceased to be Director.
Appointed
Shwetal Shubhadeep was appointed as Director.
Appointed
Vijayakumar Rema Hariraj was appointed as Managing Director.
Incorporation
13 Mar 2018
Designs In Change Technology Private Limited was registered on 13 Mar 2018 with Roc Bangalore & aged 8 years 8 months as per MCA records.
Frequently asked questions
Designs in Change Technology is an active private limited company based in Bangalore, Karnataka, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 13 March 2018 (8+ years old) and is registered under CIN U74999KA2018PTC111086.
Designs in Change Technology has 3 current directors:
- Vijayakumar Rema Hariraj - Managing Director
- Shwetal Shubhadeep - Director
- Vishnu Swaminathan - Nominee Director
The latest financial statements of Designs in Change Technology 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 FY 2018 are in the company report.
The GSTIN of Designs in Change Technology is 29AAGCD5873K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Designs in Change Technology is U74999KA2018PTC111086. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Designs in Change Technology was incorporated on 13 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Designs in Change Technology has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹5.76 Cr; the latest was in December 2022.
Vishnu Swaminathan was appointed as Nominee Director on 14 Apr 2023. Sanjay Radhakrishnan ceased to be Director on 02 Jun 2020. Vijayakumar Rema Hariraj ceased to be Director on 28 Mar 2018. Designs in Change Technology has 5 board changes on record in total.
Yes, Designs in Change Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Designs in Change Technology is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0076804).
Designs in Change Technology has 3 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Sep 2020.
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