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Flipvolt Technologies Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹45.54 Cr
▲ 15212% YoY
Net profit · FY 2022
₹9.76 Lakh
Net margin 0.2%
EBITDA · FY 2022
₹54.97 Lakh
EBITDA margin 1.2%
Authorised capital
₹12.24 Cr
Registered with MCA
Paid-up capital
₹92.34 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Flipvolt Technologies Private Limited
Data last updated:
Flipvolt Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2018PTC157712. Its GSTIN is 29AADCF5232F1ZS (Karnataka).
The company has an authorised share capital of ₹12.24 Cr and a paid-up capital of ₹92.34 Lakh. It is led by directors Sanjusonykurian and Darshan Sunil Bathija.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹45.54 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.76 Lakh (net margin 0.2%) and EBITDA of ₹54.97 Lakh (EBITDA margin 1.2%).
The company is associated with 2 brands: Bank of Hodlers and Vauld. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 6 cases are pending.
For more details, the company can be reached via its website bankofhodlers.com.
Company details
CIN U72900TN2018PTC157712
Registration Number 157712
Incorporation Date 24 September 2018
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
DPIIT Recognition Recognised Startup
CIN history
Flipvolt Technologies has one previous CIN (Corporate Identification Number): U72900TZ2018PTC031002. The current CIN is U72900TN2018PTC157712, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TN2018PTC157712 | Current |
| U72900TZ2018PTC031002 | Previous |
Recognitions & Rankings of Flipvolt Technologies
Contact details
Flipvolt Technologies Private Limited's registered office is in Chennai, Tamil Nadu. Its website is bankofhodlers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPrince Infocity II Unit No. 1 1st Floor 283/3 & 283/4 Rajiv Gandhi Salai (Omr), Perungudi, Chennai, Tamil Nadu, India – 600096
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Flipvolt Technologies Private Limited, buy the company report.
Comprehensive company report
Flipvolt Technologies 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
Flipvolt Technologies operates two associated brands: Bank of Hodlers and Vauld. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers blockchain-based banking services for secure financial transactions. | bankofhodlers.com | |
| Diversified cryptocurrency services like lending, trading, and borrowing are provided. | vauld.com |
Business activity
The main business activity of Flipvolt Technologies 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 Flipvolt Technologies Private Limited, buy the company report.
Financials of Flipvolt Technologies Private Limited
FY 2022 filings availableFlipvolt Technologies Private Limited reported revenue of ₹45.54 Cr (up 15212% YoY) for FY 2022.
Revenue · FY 2022
₹45.54 Cr ▲ 15212%
Net profit · FY 2022
₹9.76 Lakh margin 0.2%
EBITDA · FY 2022
₹54.97 Lakh margin 1.2%
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹45.54 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹54.97 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹9.76 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.2% | |||
| Net Profit Margin | 0.2% | |||
| 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 Flipvolt Technologies Private Limited, buy the company report.
Board of directors of Flipvolt Technologies Private Limited
Flipvolt Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjusonykurian Also directs: Zingfin Internet Private Limited | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
| Darshan Sunil Bathija Also directs: Zingfin Internet Private Limited | Director | 24 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Flipvolt Technologies Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Teamlease Regtech Private Limited | ₹45.7 Cr (FY 2025) | 152.0% | Pune, Maharashtra, India | |||
| Nuvoretail Enlytical Technologies Private Limited | ₹45.57 Cr (FY 2025) | 154.0% | Delhi, India | |||
| Gujarat Informatics Limited | ₹45.54 Cr (FY 2019) | 28.0% | Gandhinagar, Gujarat, India | |||
| Och Digitech Private Limited | ₹45.54 Cr (FY 2025) | 25.0% | Chennai, Tamil Nadu, India | |||
| Flipvolt Technologies Private Limitedthis company | ₹45.54 Cr (FY 2022) | ₹9.76 Lakh | 0.2% | 15212.0% | Chennai, Tamil Nadu, India | |
| Bits and Byte IT Consulting Private Limited | ₹45.47 Cr (FY 2025) | 35.0% | Bangalore, Karnataka, India | |||
| Newrocket India Private Limited | ₹45.46 Cr (FY 2024) | 16.0% | Pune, Maharashtra, India | |||
| Smartbear Software India Private Limited | ₹45.44 Cr (FY 2025) | 51.0% | Bangalore, Karnataka, India | |||
| Harita Techserv Private Limited | ₹45.4 Cr (FY 2025) | 15.0% | Chennai, Tamil Nadu, India | |||
| Cdata Software India Private Limited | ₹45.39 Cr (FY 2025) | 97.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Flipvolt Technologies Private Limited, buy the company report.
Auditor
Flipvolt Technologies Private Limited is audited by Rishi Sekhri and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rishi Sekhri and Associates | FY 2022 | 126656 |
Shareholding
The shareholding of Flipvolt Technologies Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Flipvolt Technologies Private Limited, buy the company report.
Legal cases
Flipvolt Technologies Private Limited has 7 court cases on record: 6 filed by Flipvolt Technologies, 1 filed against it. 6 cases are pending and 1 is disposed.
Total cases
7
Filed by the company
6
Filed against the company
1
Pending
6
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 5 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against Yellow Tune Technologies Pvt. Ltd., and 1 other | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Yellow Tune Technologies Pvt. Ltd., and 1 other | Pending |
| District court, Hyderabad CCC, Telangana | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| High Court, RAJASTHAN | Writ petition | Filed against the company by an individual | Pending |
| High Court for State of Telangana | Writ petition | Filed by the company against Union of India | Disposed |
To see the full case history of Flipvolt Technologies 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 Flipvolt Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flipvolt Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF5232F1ZS | Karnataka | Active | 11 Oct 2019 |
To see the full GST registrations and return filing status of Flipvolt Technologies Private Limited, buy the company report.
Recent activity
Flipvolt Technologies Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Aneel Upadhyay ceased to be Additional Director on 31 Oct 2024.
Ceased
Aneel Upadhyay ceased to be Additional Director.
Ceased
Anik Mohamad Iktear Uddin ceased to be Additional Director.
AGM
Flipvolt Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Appointed
Sanjusonykurian was appointed as Director.
Filing
Flipvolt Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chennai.
Appointed
Darshan Sunil Bathija was appointed as Director.
Incorporation
24 Sep 2018
Flipvolt Technologies Private Limited was registered on 24 Sep 2018 with Roc Chennai & aged 8 years 30 days as per MCA records.
Frequently asked questions
Flipvolt Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 September 2018 (8+ years old) and is registered under CIN U72900TN2018PTC157712.
Flipvolt Technologies has 2 current directors:
- Sanjusonykurian - Director
- Darshan Sunil Bathija - Director
The latest financial statements of Flipvolt Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Flipvolt Technologies is 29AADCF5232F1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Flipvolt Technologies is U72900TN2018PTC157712. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flipvolt Technologies has 7 court cases on record: 6 filed by the company and 1 filed against it. 6 are pending. Most are in the high courts.
Flipvolt Technologies was incorporated on 24 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Flipvolt Technologies by revenue are Teamlease Regtech Private Limited, Nuvoretail Enlytical Technologies Private Limited, Gujarat Informatics Limited, Och Digitech Private Limited, Bits and Byte IT Consulting Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Aneel Upadhyay ceased to be Additional Director on 31 Oct 2024. Anik Mohamad Iktear Uddin ceased to be Additional Director on 03 May 2024. Sanjusonykurian was appointed as Director on 29 Jun 2022. Flipvolt Technologies has 4 board changes on record in total.
Yes, Flipvolt Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Flipvolt Technologies can be reached through the website bankofhodlers.com. Its registered office is in Chennai, Tamil Nadu, India.