MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0013205
Fitsource India Private Limited - consumer goods in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.18 Cr
▲ 45% YoY
Net profit · FY 2024
₹4.68 Lakh
Net margin 2.1%
EBITDA · FY 2024
₹22.22 Lakh
EBITDA margin 10.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹30 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
33
Provident fund records
About Fitsource India Private Limited
Data last updated:
Fitsource India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the sports equipment retail and distribution segment of the consumer goods sector. It was incorporated on 15 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93090KA2016PTC097769. Its GSTIN is 29AACCF9609D1ZK (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shashidhara Ramachandra and Dilipkumar Ramachandra.
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 ₹2.18 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹4.68 Lakh (net margin 2.1%) and EBITDA of ₹22.22 Lakh (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 4% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Lakh on record.
Fitsource India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0013205). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fitsource.in.
Company Details of Fitsource India Private Limited
CIN U93090KA2016PTC097769
Registration Number 097769
Incorporation Date 15 November 2016
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
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0013205
Recognitions & Rankings of Fitsource India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 139/22, Pid No. 62 – 111 – 22 7th Cross, Bangalore, Karnataka, India – 560027
- IndustryConsumer Goods, Sports Equipment Retail & Distribution
Comprehensive company report
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Business Activity of Fitsource India Private Limited
The main business activity of Fitsource India is arts, entertainment and recreation. In detail, this covers sports, amusement and recreation activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Fitsource India Private Limited FY 2025 filings available
Fitsource India Private Limited reported revenue of ₹2.18 Cr (up 45% YoY) for FY 2024.
Revenue · FY 2024
₹2.18 Cr ▲ 45%
Net profit · FY 2024
₹4.68 Lakh margin 2.1%
EBITDA · FY 2024
₹22.22 Lakh margin 10.2%
Compounded Annual Growth Rate (CAGR) of Fitsource India Private Limited
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 17%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 1%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 45% growth in the latest year. EBITDA rose 84% 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 Fitsource India 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 | ₹22.22 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.68 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 Fitsource India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Fitsource India are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Fitsource India Private Limited
Fitsource India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashidhara Ramachandra | Director | 15 Nov 2016 | 9 Years 11 Months | Current |
| Dilipkumar Ramachandra | Director | 15 Nov 2016 | 9 Years 11 Months | Current |
Peer Comparison of Fitsource India Private Limited
Fitsource India Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Sports Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nidus Enterprises Private Limited | ₹2.34 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Gandhinagar, Gujarat, India |
| Moto Express Private Limited | ₹2.32 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Delhi, India |
| SF Healthtec Private Limited | ₹2.29 Cr (FY 2023) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Deorah Commercial Private Limited | ₹2.24 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Dibrugarh, Assam, India |
| Almac Sports (India) Private Limited | ₹2.22 Cr (FY 2020) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Fitsource India Private Limited this company | ₹2.18 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Insing Sports Creation Private Limited | ₹2.16 Cr (FY 2021) | •••• | •••• | 1112.0% | •••• | New Delhi, Delhi, India |
| Filic & Outliers Private Limited | ₹2.1 Cr (FY 2024) | •••• | •••• | 53.0% | •••• | Delhi, India |
| TK Sports Marketing Private Limited | ₹2.08 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Jalandhar, Punjab, India |
| Hansa Sports N Adventure Private Limited | ₹1.94 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
| Live Sports365 Private Limited | ₹1.93 Cr (FY 2025) | •••• | •••• | 438.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Fitsource India by revenue in the Consumer Products industry (Sports Equipment Retail and Distribution), 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 Fitsource India Private Limited
Fitsource India Private Limited is audited by PADMAVATHI SANTHOSH AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PADMAVATHI SANTHOSH AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Fitsource India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Fitsource India Private Limited
Open charges
₹30 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Sep 2022 | Idbi Bank Limited | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Fitsource India Private Limited
Fitsource India Private Limited has a workforce of 33 employees as of Apr 04, 2024.
Employee count
33
Active EPFO establishments
1
Employee growth
37.5%
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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 Fitsource India Private Limited
Fitsource India Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Dilipkumar Ramachandra was appointed as Director on 15 Nov 2016.
AGM
Fitsource India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Fitsource India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Idbi Bank Limited of Rs. 30.00 Lakh registered on 01 Sep 2022 with Charge ID 100641840 was modified on 09 Jul 2024.
Charges
A charge with Idbi Bank Limited amounted to Rs. 30.00 Lakh with Charge ID 100641840 was registered on 01 Sep 2022.
Appointed
Dilipkumar Ramachandra was appointed as Director.
Appointed
Shashidhara Ramachandra was appointed as Director.
Incorporation
15 Nov 2016
Fitsource India Private Limited was registered on 15 Nov 2016 with Roc Bangalore & aged 9 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Fitsource India Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Fitsource India Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Fitsource India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Fitsource India Private Limited
Fitsource India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF9609D1ZK | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Fitsource India Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Fitsource India Private Limited
Fitsource India is an active private limited company based in Bangalore, Karnataka, India. The company works in sports equipment retail and distribution, within the consumer goods industry. It was incorporated on 15 November 2016 (10+ years old) and is registered under CIN U93090KA2016PTC097769.
Fitsource India reported revenue of ₹2.18 Cr for FY 2024 (up 45% YoY).
Fitsource India has 2 current directors:
- Shashidhara Ramachandra - Director
- Dilipkumar Ramachandra - Director
Fitsource India reported a net profit of ₹4.68 Lakh (net margin 2.1%) and EBITDA of ₹22.22 Lakh (EBITDA margin 10.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fitsource India is 17% over three years and 4% over five years. In the latest year (FY 2024) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fitsource India is 29AACCF9609D1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Fitsource India is U93090KA2016PTC097769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fitsource India was incorporated on 15 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Fitsource India by revenue are Nidus Enterprises Private Limited, Moto Express Private Limited, SF Healthtec Private Limited, Deorah Commercial Private Limited, Almac Sports (India) Private Limited and 5 more, all in the Consumer Products industry (Sports Equipment Retail and Distribution).
Dilipkumar Ramachandra was appointed as Director on 15 Nov 2016. Shashidhara Ramachandra was appointed as Director on 15 Nov 2016.
Yes, Fitsource India is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0013205).