About Devsquare India Online Services Private Limited
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Devsquare India Online Services Private Limited is a foreign 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 24 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007FTC043694. Its GSTIN is 29AACCD6797N1ZQ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mukesh Mohandas Hegde and Sankar Narayana Kondur.
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 No.1 – C First Floor Mchs Colony 14th D Cross Hsr Layout Sector – 6, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.31 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹2.35 Lakh (net margin 6.1%) and EBITDA of ₹2.94 Lakh (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website devsquare.com.
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- Website
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- Registered AddressNo.1 – C First Floor Mchs Colony 14th D Cross Hsr Layout Sector – 6, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, IT Consulting & Support Services, 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 Devsquare India Online Services Private Limited
The main business activity of Devsquare India Online Services 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 Devsquare India Online Services Private Limited FY 2024 filings available
Devsquare India Online Services Private Limited reported revenue of ₹38.31 Lakh (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Devsquare India Online Services Private Limited
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 162% 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 Devsquare India Online Services 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 | ₹2.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.35 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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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Devsquare India Online Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.1% | •••• | •••• | •••• | •••• |
| 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 Devsquare India Online Services 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 Devsquare India Online Services Private Limited
Devsquare India Online Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Softcrylic Mobile Technologies Private Limited | ₹38.45 Lakh (FY 2020) | •••• | •••• | -19.0% | •••• | Delhi, India |
| Cranti Technologies Private Limited | ₹38.42 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Amedabad, Gujarat, India |
| Savsachin Technology Solutions Private Limited | ₹38.4 Lakh (FY 2024) | •••• | •••• | 528.0% | •••• | Gurgaon, Haryana, India |
| Vivid Innovations Private Limited | ₹38.4 Lakh (FY 2024) | •••• | •••• | 419.0% | •••• | Bangalore, Karnataka, India |
| Aspiring Media Tech (OPC) Private Limited | ₹38.32 Lakh (FY 2025) | •••• | •••• | 132.0% | •••• | Vasai West, Maharashtra, India |
| Devsquare India Online Services Private Limited this company | ₹38.31 Lakh (FY 2024) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Itday (India) Private Limited | ₹38.3 Lakh (FY 2024) | •••• | •••• | 66.0% | •••• | Bangalore, Karnataka, India |
| Neoinvensys Solutions Private Limited | ₹38.26 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| MNM Megartha Software Technologies Private Limited | ₹38.25 Lakh (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Redeem Software Private Limited | ₹38.22 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Bengaluru, Karnataka, India |
| Reachwell Software Services Private Limited | ₹38.21 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Devsquare India Online Services by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devsquare India Online Services Private Limited
Devsquare India Online Services Private Limited is audited by DINESH & PUSHPARAJ for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DINESH & PUSHPARAJ | 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 Devsquare India Online Services Private Limited
Devsquare India Online Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Mohandas Hegde | Director | 24 Aug 2007 | 19 Years 1 Months | Current |
| Sankar Narayana Kondur | Director | 24 Aug 2007 | 19 Years 1 Months | Current |
Ownership and Shareholding of Devsquare India Online Services 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 Devsquare India Online Services Private Limited
Devsquare India Online Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devsquare India Online Services Private Limited
Employment history and EPFO contributions of people linked to Devsquare India Online Services.
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 Devsquare India Online Services Private Limited
Devsquare India Online Services Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Mukesh Mohandas Hegde was appointed as Director on 24 Aug 2007.
Credit Ratings, Litigation & Regulatory Alerts for Devsquare India Online Services 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 Devsquare India Online Services 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 Devsquare India Online Services 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 Devsquare India Online Services Private Limited
Devsquare India Online Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD6797N1ZQ | Karnataka | 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 Devsquare India Online Services 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 Devsquare India Online Services Private Limited
Devsquare India Online Services is an active foreign 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 24 August 2007 (19+ years old) and is registered under CIN U72200KA2007FTC043694.
Devsquare India Online Services reported revenue of ₹38.31 Lakh for FY 2024 (up 20% YoY).
Devsquare India Online Services has 2 current directors:
- Mukesh Mohandas Hegde - Director
- Sankar Narayana Kondur - Director
Devsquare India Online Services reported a net profit of ₹2.35 Lakh (net margin 6.1%) and EBITDA of ₹2.94 Lakh (EBITDA margin 7.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devsquare India Online Services is 12% over three years and -2% 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 Devsquare India Online Services is 29AACCD6797N1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Devsquare India Online Services is U72200KA2007FTC043694. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devsquare India Online Services was incorporated on 24 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devsquare India Online Services by revenue are Softcrylic Mobile Technologies Private Limited, Cranti Technologies Private Limited, Savsachin Technology Solutions Private Limited, Vivid Innovations Private Limited, Aspiring Media Tech (OPC) Private Limited and 5 more, all in the Information Technology industry (Application Development).
Mukesh Mohandas Hegde was appointed as Director on 24 Aug 2007. Sankar Narayana Kondur was appointed as Director on 24 Aug 2007.
Devsquare India Online Services can be reached through the website devsquare.com. Its registered office is in Bangalore, Karnataka, India.