MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0079044
Flywheels Embedded Research Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹71.83 Lakh
▲ 233% YoY
Net profit · FY 2023
₹1.25 Lakh
Net margin 1.7%
EBITDA · FY 2023
₹2.68 Lakh
EBITDA margin 3.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5.85 Lakh
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings
About Flywheels Embedded Research Private Limited
Data last updated:
Flywheels Embedded Research Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC060332. Its GSTIN is 29AABCF8041Q1Z2 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sharanabasappa Mallappa Desunagi and Rakesh Vasantrao Patil.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No 140 First Floor 4th Main Industrial Town Rajajinagar, Bangalore, Karnataka, India – 560044.
As per the financials filed for FY 2023, the company reported a revenue of ₹71.83 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.25 Lakh (net margin 1.7%) and EBITDA of ₹2.68 Lakh (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 84% over five years.
The company is associated with 1 brand: Flywheels Embedded Research Private Limited. As per MCA filings, the company has open charges of ₹5.85 Lakh on record. Court records list 8 cases involving the company, including 8 filed against it; 1 case is pending.
Flywheels Embedded Research Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0079044). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flywheels.in.
Company details
CIN U72900KA2011PTC060332
Registration Number 060332
Incorporation Date 09 September 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0079044
Recognitions & Rankings of Flywheels Embedded Research
Contact details
Flywheels Embedded Research Private Limited's registered office is in Bangalore, Karnataka. Its website is flywheels.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 140 First Floor 4th Main Industrial Town Rajajinagar, Bangalore, Karnataka, India – 560044
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Flywheels Embedded Research Private Limited, buy the company report.
Comprehensive company report
Flywheels Embedded Research 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Flywheels Embedded Research operates one associated brand: Flywheels Embedded Research Private Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Embedded systems research and IoT services are provided in the technology sector. | flywheels.in |
Business activity
The main business activity of Flywheels Embedded Research is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Flywheels Embedded Research Private Limited, buy the company report.
Financials of Flywheels Embedded Research Private Limited
FY 2023 filings availableFlywheels Embedded Research Private Limited reported revenue of ₹71.83 Lakh (up 233% YoY) for FY 2023.
Revenue · FY 2023
₹71.83 Lakh ▲ 233%
Net profit · FY 2023
₹1.25 Lakh margin 1.7%
EBITDA · FY 2023
₹2.68 Lakh margin 3.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 233%
3 years · compounded
▲ 43%
5 years · compounded
▲ 84%
EBITDA CAGR growth
1 year
▲ 122%
3 years · compounded
▲ 13%
5 years · compounded
▲ 86%
Revenue has grown at a compounded annual rate (CAGR) of 84% over five years, including 233% growth in the latest year. EBITDA rose 122% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹2.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.25 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 Flywheels Embedded Research Private Limited, buy the company report.
Board of directors of Flywheels Embedded Research Private Limited
Flywheels Embedded Research 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 |
|---|---|---|---|---|
| Sharanabasappa Mallappa Desunagi Also directs: Vidyumna Technolabs LLP | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Rakesh Vasantrao Patil Also directs: Vidyumna Technolabs LLP, Qntedge Technologies LLP | Director | 09 Sep 2011 | 15 Years 2 Months | Current |
Peer comparison
Flywheels Embedded Research Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tech Umbrella Software Solutions Private Limited | ₹72.28 Lakh (FY 2025) | 21.0% | Hyderabad, Telangana, India | |||
| Sarvasv Technologies Private Limited | ₹71.96 Lakh (FY 2025) | 23.0% | Delhi, India | |||
| Flywheels Embedded Research Private Limitedthis company | ₹71.83 Lakh (FY 2023) | ₹1.25 Lakh | 1.7% | 233.0% | Bangalore, Karnataka, India | |
| Richmond IT Solution Private Limited | ₹71.81 Lakh (FY 2019) | 98.0% | New Delhi, Delhi, India | |||
| Ikeworld Private Limited | ₹71.79 Lakh (FY 2024) | 248.0% | Kolkata, West Bengal, India | |||
| Futuralis Solutions Private Limited | ₹71.79 Lakh (FY 2024) | Hyderabad, Telangana, India |
To see the full peer comparison of Flywheels Embedded Research Private Limited, buy the company report.
Auditor
Flywheels Embedded Research Private Limited is audited by RAMESH ASHWIN & KARANTH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH ASHWIN & KARANTH | FY 2022 | 010680S |
Shareholding
The shareholding of Flywheels Embedded Research Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Flywheels Embedded Research Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.85 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2020 | 100380215 | Others | ₹90,000 | Open | |
| 12 May 2020 | 100380214 | Others | ₹45,000 | Open | |
| 04 Feb 2020 | 100322284 | Others | ₹4.5 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Flywheels Embedded Research Private Limited has 8 court cases on record: 8 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed against the company
8
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Flywheels Embedded Research 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 Flywheels Embedded Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flywheels Embedded Research has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF8041Q1Z2 | Karnataka | Active | 08 Dec 2017 |
To see the full GST registrations and return filing status of Flywheels Embedded Research Private Limited, buy the company report.
Recent activity
Flywheels Embedded Research Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Chandrappa Bhajantri ceased to be Director on 22 Mar 2019.
AGM
Flywheels Embedded Research Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
Filing
Flywheels Embedded Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.90 Lakh with Charge ID 100380215 was registered on 13 Jul 2020.
Charges
A charge with Others amounted to Rs. 0.45 Lakh with Charge ID 100380214 was registered on 12 May 2020.
Charges
A charge with Others amounted to Rs. 4.50 Lakh with Charge ID 100322284 was registered on 04 Feb 2020.
Ceased
Chandrappa Bhajantri ceased to be Director.
Ceased
Putta Hanumaiah Hemanth Prakash ceased to be Additional Director.
Appointed
Sharanabasappa Mallappa Desunagi was appointed as Director.
Appointed
Rakesh Vasantrao Patil was appointed as Director.
Incorporation
09 Sep 2011
Flywheels Embedded Research Private Limited was registered on 09 Sep 2011 with Roc Bangalore & aged 15 years 2 months as per MCA records.
Frequently asked questions
Flywheels Embedded Research is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 09 September 2011 (15+ years old) and is registered under CIN U72900KA2011PTC060332.
Flywheels Embedded Research has 2 current directors:
- Sharanabasappa Mallappa Desunagi - Director
- Rakesh Vasantrao Patil - Director
The latest financial statements of Flywheels Embedded Research on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Flywheels Embedded Research is 29AABCF8041Q1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Flywheels Embedded Research is U72900KA2011PTC060332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flywheels Embedded Research has 8 court cases on record: 8 filed against it. 1 is pending.
Flywheels Embedded Research was incorporated on 09 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Flywheels Embedded Research by revenue are Tech Umbrella Software Solutions Private Limited, Sarvasv Technologies Private Limited, Richmond IT Solution Private Limited, Ikeworld Private Limited, Futuralis Solutions Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (other information & communication service activities).
Chandrappa Bhajantri ceased to be Director on 22 Mar 2019. Putta Hanumaiah Hemanth Prakash ceased to be Additional Director on 22 Mar 2019. Sharanabasappa Mallappa Desunagi was appointed as Director on 01 Apr 2018. Flywheels Embedded Research has 4 board changes on record in total.
Yes, Flywheels Embedded Research is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0079044).
Flywheels Embedded Research can be reached through the website flywheels.in. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages