About Econz IT Services Private Limited
Data last updated:
Econz IT Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 30 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC061924. Its GSTIN is 29AACCE9169K1ZZ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Moby Karedath Babu (Managing Director) and Sunitha Mathai.
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 No.58 Ground Floor H M Towers Brigade Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.25 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹68.64 Lakh (net margin 2.3%) and EBITDA of ₹2.16 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 49% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹97.2 Lakh and satisfied charges of ₹4 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website econz.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.58 Ground Floor H M Towers Brigade Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Application Development & Software Solutions, Web Design & Maintenance Services
- 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 Econz IT Services Private Limited
The main business activity of Econz IT Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Econz IT Services Private Limited FY 2025 filings available
Econz IT Services Private Limited reported revenue of ₹29.25 Cr (up 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Econz IT Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 29% growth in the latest year. EBITDA rose 8% 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 Econz IT 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 | ₹2.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68.64 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 of Econz IT Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 Econz IT 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 Econz IT Services Private Limited
Econz IT Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Website Design and Maintenance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Press Ganey Associates India Private Limited | ₹32.82 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Trivandrum, Kerala, India |
| Winculum Services Private Limited | ₹32.37 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Gurgaon, Haryana, India |
| Bubleid Private Limited | ₹32.25 Cr (FY 2025) | •••• | •••• | -67.0% | •••• | Miraj, Maharashtra, India |
| Ovi Hosting Private Limited | ₹31.88 Cr (FY 2025) | •••• | •••• | 80.0% | •••• | Bangalore North, Karnataka, India |
| Softzon Infotech Private Limited | ₹29.3 Cr (FY 2018) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Econz IT Services Private Limited this company | ₹29.25 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Jintech Solution Limited | ₹29.05 Cr (FY 2024) | •••• | •••• | 126.0% | •••• | Ahmedabad, Gujarat, India |
| Lantratech Solutions Private Limited | ₹28.45 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Coimbatore South, Tamil Nadu, India |
| Accord Fintech Private Limited | ₹27.53 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Thane, Maharashtra, India |
| Digital Castle Web Solutions Private Limited | ₹27.31 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Sparrow Interactive Private Limited | ₹26.98 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Econz IT Services by revenue in the Information Technology industry (Website Design and Maintenance), 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 Econz IT Services Private Limited
Econz IT Services Private Limited is audited by N Ravi & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N Ravi & Co | 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 Econz IT Services Private Limited
Econz IT Services 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 |
|---|---|---|---|---|
| Moby Karedath Babu Also directs: Moby Films LLP | Managing Director | 30 Dec 2011 | 14 Years 9 Months | Current |
| Sunitha Mathai Also directs: Moby Films LLP | Additional Director | 03 Aug 2016 | 10 Years 2 Months | Current |
Ownership and Shareholding of Econz IT 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 Econz IT Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Nov 2023 | Hdfc Bank Limited | ₹97.2 Lakh | Open |
| 13 Aug 2020 | Hdfc Bank Limited | ₹4 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Econz IT Services Private Limited
Econz IT Services Private Limited has 10 court cases on record: 5 filed by Econz IT Services, 5 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Searce Cosourcing Service Private Limited | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (CRL.RP) | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Econz IT Services Private Limited
Econz IT Services Private Limited has a workforce of 51 employees as of Mar 22, 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 Econz IT Services Private Limited
Econz IT Services Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Shyam Krishnan Pulickal Sasikumar ceased to be Whole-Time Director on 04 Apr 2018.
Credit Ratings, Litigation & Regulatory Alerts for Econz IT 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 Econz IT 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 Econz IT 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 Econz IT Services Private Limited
Econz IT Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCE9169K1ZZ | Karnataka | Active | 01 Jul 2017 |
| 32AACCE9169K1ZC | Kerala | Active | 17 Apr 2024 |
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 Econz IT 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 Econz IT Services Private Limited
Econz IT Services is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 30 December 2011 (15+ years old) and is registered under CIN U72900KA2011PTC061924.
Econz IT Services reported revenue of ₹29.25 Cr for FY 2024 (up 29% YoY).
Econz IT Services has 2 current directors:
- Moby Karedath Babu - Managing Director
- Sunitha Mathai - Additional Director
Econz IT Services reported a net profit of ₹68.64 Lakh (net margin 2.3%) and EBITDA of ₹2.16 Cr (EBITDA margin 7.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Econz IT Services is 45% over three years and 49% over five years. In the latest year (FY 2024) revenue rose 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Econz IT Services is 29AACCE9169K1ZZ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AACCE9169K1ZC (Kerala).
The CIN (Corporate Identification Number) of Econz IT Services is U72900KA2011PTC061924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Econz IT Services has 10 court cases on record: 5 filed by the company and 5 filed against it. Most are in the district courts.
Econz IT Services was incorporated on 30 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Econz IT Services by revenue are Press Ganey Associates India Private Limited, Winculum Services Private Limited, Bubleid Private Limited, Ovi Hosting Private Limited, Softzon Infotech Private Limited and 5 more, all in the Information Technology industry (Website Design and Maintenance).
Shyam Krishnan Pulickal Sasikumar ceased to be Whole-Time Director on 04 Apr 2018. Sunitha Mathai was appointed as Additional Director on 03 Aug 2016. Moby Karedath Babu was appointed as Managing Director on 30 Dec 2011.