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Ductrove Innovations Private Limited - telecom in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹50.38 Cr
▲ 5% YoY
Net loss · FY 2023
₹9.55 Cr
Net margin -19%
EBITDA · FY 2023
-₹2.98 Cr
EBITDA margin -5.9%
Authorised capital
₹24.1 Cr
Registered with MCA
Paid-up capital
₹23.56 Cr
Issued & subscribed
Open charges
₹12.5 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
18
Provident fund records
About Ductrove Innovations Private Limited
Data last updated:
Ductrove Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 10 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25200KA2019PTC150017. Its GSTIN is 29AAHCD4607L1ZC (Karnataka).
The company has an authorised share capital of ₹24.1 Cr and a paid-up capital of ₹23.56 Cr. It is led by directors including Smitha Shankarprasad Benahalkar and Shankarprasad Subbanna Benahalkar.
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 41 Karnataka Industrial Area Development Board Industrial Area Chikkaballapur, Bangalore, Karnataka, India – 562101.
As per the financials filed for FY 2023, the company reported a revenue of ₹50.38 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹9.55 Cr (net margin -19%) and EBITDA of -₹2.98 Cr (EBITDA margin -5.9%).
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.5 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹18.83 Cr; the latest was in March 2024.
Ductrove Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-28-0000895). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ductrove.com.
Company details
CIN U25200KA2019PTC150017
Registration Number 150017
Incorporation Date 10 October 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-28-0000895
CIN history
Ductrove Innovations has one previous CIN (Corporate Identification Number): U25200HR2019PTC082994. The current CIN is U25200KA2019PTC150017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200KA2019PTC150017 | Current |
| U25200HR2019PTC082994 | Previous |
Key People
Smitha Shankarprasad Benahalkar Director Shankarprasad Subbanna Benahalkar Director Tikam Chand Jain Director Recognitions & Rankings of Ductrove Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-28-0000895
Contact details
Ductrove Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is ductrove.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address41 Karnataka Industrial Area Development Board Industrial Area Chikkaballapur, Bangalore, Karnataka, India – 562101
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Ductrove Innovations Private Limited, buy the company report.
Comprehensive company report
Ductrove Innovations 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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Financials of Ductrove Innovations Private Limited
FY 2025 filings availableDuctrove Innovations Private Limited reported revenue of ₹50.38 Cr (up 5% YoY) for FY 2023.
Revenue · FY 2023
₹50.38 Cr ▲ 5%
Net loss · FY 2023
₹9.55 Cr margin -19%
EBITDA · FY 2023
-₹2.98 Cr margin -5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
Revenue rose 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹50.38 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.98 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.55 Cr | |||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -5.9% | |||
| Net Profit Margin | -19% | |||
| 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 Ductrove Innovations Private Limited, buy the company report.
Board of directors of Ductrove Innovations Private Limited
Ductrove Innovations has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smitha Shankarprasad Benahalkar Also directs: Sesen Technologies and Consulting Private Limited | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Shankarprasad Subbanna Benahalkar | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Tikam Chand Jain | Director | 10 Oct 2019 | 7 Years 0 Months | Current |
| Nikunj Jain | Director | 07 Nov 2022 | 4 Years 0 Months | Current |
Auditor
Ductrove Innovations Private Limited is audited by Sudeep Shetty & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudeep Shetty & Co. | FY 2023 | 014363S |
Shareholding
The shareholding of Ductrove Innovations Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ductrove Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2020 | 100367457 | State Bank of India | ₹12.5 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Ductrove Innovations Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹18.83 Cr; the latest was in March 2024.
Total deals
3
Rights issues
2
Funding round
1
Disclosed funding
₹18.83 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹3.73 Cr | Investors: 4 individuals |
| Mar 2020 | Rights issue | ₹98.5 Lakh | Investors: Landmark Abasan Private Limited , 3 individuals |
To see the full deal history of Ductrove Innovations 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
Ductrove Innovations Private Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Total cases
3
Filed against the company
3
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Ductrove Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ductrove Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ductrove Innovations Private Limited has a workforce of 18 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-18.18%
GST
Ductrove Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCD4607L1ZC | Karnataka | Active | 04 Oct 2019 |
To see the full GST registrations and return filing status of Ductrove Innovations Private Limited, buy the company report.
Recent activity
Ductrove Innovations Private Limited has 6 board changes on record since 2019: 5 appointments and 1 cessation. The latest: Ravindra Pratap Singh ceased to be Director on 08 Nov 2024.
AGM
Ductrove Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ductrove Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ravindra Pratap Singh ceased to be Director.
Appointed
Nikunj Jain was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 12.50 Cr with Charge ID 100367457 was registered on 29 Aug 2020.
Appointed
Ravindra Pratap Singh was appointed as Director.
Appointed
Shankarprasad Subbanna Benahalkar was appointed as Director.
Appointed
Smitha Shankarprasad Benahalkar was appointed as Director.
Appointed
Tikam Chand Jain was appointed as Director.
Incorporation
10 Oct 2019
Ductrove Innovations Private Limited was registered on 10 Oct 2019 with Roc Bangalore & aged 7 years 29 days as per MCA records.
Frequently asked questions
Ductrove Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 10 October 2019 (7+ years old) and is registered under CIN U25200KA2019PTC150017.
Ductrove Innovations has 4 current directors:
- Smitha Shankarprasad Benahalkar - Director
- Shankarprasad Subbanna Benahalkar - Director
- Tikam Chand Jain - Director
- Nikunj Jain - Director
The latest financial statements of Ductrove Innovations 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 FY 2020 are in the company report.
The GSTIN of Ductrove Innovations is 29AAHCD4607L1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Ductrove Innovations is U25200KA2019PTC150017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ductrove Innovations has 3 court cases on record: 3 filed against it. 3 are pending.
Ductrove Innovations was incorporated on 10 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Ductrove Innovations has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹18.83 Cr; the latest was in March 2024.
Ravindra Pratap Singh ceased to be Director on 08 Nov 2024. Nikunj Jain was appointed as Director on 07 Nov 2022. Ravindra Pratap Singh was appointed as Director on 10 Oct 2019. Ductrove Innovations has 6 board changes on record in total.
Yes, Ductrove Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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