MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0060326
Flamenco Tech (India) Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.66 Cr
▲ 41% YoY
Net loss · FY 2024
₹4.89 Cr
Net margin -45.9%
EBITDA · FY 2024
-₹4.38 Cr
EBITDA margin -41.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.06 Lakh
Issued & subscribed
Satisfied charges
₹13.95 Cr
No open charges
Company age
15 yrs
Est. 2011
Employees · EPFO
33
Provident fund records
About Flamenco Tech (India) Private Limited
Data last updated:
Flamenco Tech (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 29 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2011PTC058389. Its GSTIN is 29AABCF7222P1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.06 Lakh. It is led by directors Balasubramaniam Ramaswamy Chitoor and Harsh Ketan Desai.
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.731 7th Cross 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.66 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹4.89 Cr (net margin -45.9%) and EBITDA of -₹4.38 Cr (EBITDA margin -41.1%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 5% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: FlamencoTech and Digital blanket. As per MCA filings, the company has satisfied charges of ₹13.95 Cr on record. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.72 Cr; the latest was in November 2021.
Flamenco Tech (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0060326). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website digitalblanket.ai.
Company details
CIN U72200KA2011PTC058389
Registration Number 058389
Incorporation Date 29 April 2011
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
MSME Classification Small
Udyam Registration UDYAM-KR-03-0060326
Recognitions & Rankings of Flamenco Tech (India)
Contact details
Flamenco Tech (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is digitalblanket.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.731 7th Cross 3rd Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Flamenco Tech (India) Private Limited, buy the company report.
Comprehensive company report
Flamenco Tech (India) 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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Brands
Flamenco Tech (India) operates two associated brands: FlamencoTech and Digital blanket. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT and AI SaaS platform for energy management, facility automation, and workplace optimization. | flamencotech.com | |
| IoT platforms are developed for energy and asset monitoring. | digitalblanket.ai |
Business activity
The main business activity of Flamenco Tech (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Flamenco Tech (India) Private Limited, buy the company report.
Financials of Flamenco Tech (India) Private Limited
FY 2024 filings availableFlamenco Tech (India) Private Limited reported revenue of ₹10.66 Cr (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹10.66 Cr ▲ 41%
Net loss · FY 2024
₹4.89 Cr margin -45.9%
EBITDA · FY 2024
-₹4.38 Cr margin -41.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 19%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 33%
5 years · compounded
▼ 15%
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 7% 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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| EBITDA | -₹4.38 Cr | ||||
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| Net Profit (PAT) | -₹4.89 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -41.1% | ||||
| Net Profit Margin | -45.9% | ||||
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To see the full financial statements and ratios of Flamenco Tech (India) Private Limited, buy the company report.
Board of directors of Flamenco Tech (India) Private Limited
Flamenco Tech (India) has 2 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 |
|---|---|---|---|---|
| Balasubramaniam Ramaswamy Chitoor | Director | 29 Apr 2011 | 15 Years 5 Months | Current |
| Harsh Ketan Desai Also directs: Ansaan Capital Services LLP, Xoolo Financial Solutions Private Limited, Zeitview Apac Private Limited and 4 more | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Flamenco Tech (India) Private Limited is audited by ADITI SHARMA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITI SHARMA | FY 2023 | 267394 |
Shareholding
The shareholding of Flamenco Tech (India) 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 Flamenco Tech (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹13.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2018 | 100172531 | Others | ₹13.95 Cr | Satisfied |
To see the full charge records of Flamenco Tech (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Flamenco Tech (India) Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.72 Cr; the latest was in November 2021.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹25.72 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round · Series B | ₹10.01 Cr | Investors: Sattva Family Office |
| Jul 2021 | Funding round · Series A | ₹15.71 Cr | Investors: Future Ip Labs LLP |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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 Flamenco Tech (India) 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
No delayed payments to MSME suppliers are on our record for Flamenco Tech (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Flamenco Tech (India) Private Limited has a workforce of 33 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
-26.67%
GST
Flamenco Tech (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF7222P1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Flamenco Tech (India) Private Limited, buy the company report.
Recent activity
Flamenco Tech (India) Private Limited has 6 board changes on record since 2011: 4 appointments and 2 cessations. The latest: Harsh Ketan Desai was appointed as Director on 01 Apr 2024.
AGM
Flamenco Tech (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Harsh Ketan Desai was appointed as Director.
Ceased
Sudhir Sarma Durvasula ceased to be Director.
Filing
Flamenco Tech (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Shivam Agarwal ceased to be Director.
Appointed
Shivam Agarwal was appointed as Director.
Charges
A charge registered on 10 Mar 2018 via Charge ID 100172531 with Others was fully satisfied on 29 Oct 2021.
Charges
A charge with Others amounted to Rs. 1,395.00 Lakh with Charge ID 100172531 was registered on 10 Mar 2018.
Appointed
Balasubramaniam Ramaswamy Chitoor was appointed as Director.
Appointed
Sudhir Sarma Durvasula was appointed as Director.
Incorporation
29 Apr 2011
Flamenco Tech (India) Private Limited was registered on 29 Apr 2011 with Roc Bangalore & aged 15 years 5 months as per MCA records.
Frequently asked questions
Flamenco Tech (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in power epc, within the energy and power industry. It was incorporated on 29 April 2011 (15+ years old) and is registered under CIN U72200KA2011PTC058389.
Flamenco Tech (India) has 2 current directors:
- Balasubramaniam Ramaswamy Chitoor - Director
- Harsh Ketan Desai - Director
The latest financial statements of Flamenco Tech (India) 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 2015 are in the company report.
The GSTIN of Flamenco Tech (India) is 29AABCF7222P1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Flamenco Tech (India) is U72200KA2011PTC058389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flamenco Tech (India) was incorporated on 29 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Flamenco Tech (India) has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹25.72 Cr; the latest was in November 2021.
Harsh Ketan Desai was appointed as Director on 01 Apr 2024. Sudhir Sarma Durvasula ceased to be Director on 01 Apr 2024. Shivam Agarwal ceased to be Director on 21 Feb 2023. Flamenco Tech (India) has 6 board changes on record in total.
Yes, Flamenco Tech (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0060326).
Flamenco Tech (India) can be reached through the website digitalblanket.ai. Its registered office is in Bangalore, Karnataka, India.