Foroly Tech (OPC) Private Limited
About Foroly Tech (OPC) Private Limited
Data last updated:
Foroly Tech (OPC) Private Limited is a one person company based in Hubli, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 27 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019OPC125699. Its GSTIN is 29AADCF7806P1ZZ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by director Sushant Babasaheb Kudagi.
Its latest financial statements are for the year ended 31 March 2024. The registered office is at 14 Shree Venkatesh Purushottam Nagar Stage I Sirur Park Stage II Vidyanagar, Hubli, Karnataka, India – 580021.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.65 Lakh, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.95 Lakh (net margin -15.4%) and EBITDA of -₹2,625 (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years.
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- Registered Address14 Shree Venkatesh Purushottam Nagar Stage I Sirur Park Stage II Vidyanagar, Hubli, Karnataka, India – 580021
- IndustryInformation Technology, Other Computer Related Activities
- 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 Foroly Tech (OPC) Private Limited
The main business activity of Foroly Tech is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Foroly Tech (OPC) Private Limited FY 2024 filings available
Foroly Tech (OPC) Private Limited reported revenue of ₹12.65 Lakh (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Foroly Tech (OPC) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 84% over three years, including 34% growth in the latest year. EBITDA fell 103% 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 Foroly Tech (OPC) 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 | -₹2,625 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.95 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 Foroly Tech (OPC) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15.4% | •••• | •••• | •••• | •••• |
| 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 Foroly Tech are in the company report.
Financial statements from FY 2020
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.
Board of Directors of Foroly Tech (OPC) Private Limited
Foroly Tech has 1 director on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushant Babasaheb Kudagi Also directs: Ekaiva Startup Engagement (OPC) Private Limited | Director | 27 Jun 2019 | 7 Years 3 Months | Current |
Peer Comparison of Foroly Tech (OPC) Private Limited
Foroly Tech (OPC) Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Renzo Solutions Private Limited | ₹12.66 Lakh (FY 2022) | •••• | •••• | 169775.0% | •••• | Mumbai, Maharashtra, India |
| Ms Softtech Private Limited | ₹12.65 Lakh (FY 2016) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Rooks and Brooks Technologies Private Limited | ₹12.65 Lakh (FY 2024) | •••• | •••• | •••• | Agastheeswaram, Tamil Nadu, India | |
| Vertigo Technologies Private Limited | ₹12.65 Lakh (FY 2020) | •••• | •••• | 34.0% | •••• | Delhi, India |
| Revival Multilink Private Limited | ₹12.65 Lakh (FY 2025) | •••• | •••• | -77.0% | •••• | Durg, Chhattisgarh, India |
| Foroly Tech (OPC) Private Limited this company | ₹12.65 Lakh (FY 2024) | •••• | •••• | 34.0% | •••• | Hubli, Karnataka, India |
| Quaaak Technology Solutions Private Limited | ₹12.65 Lakh (FY 2024) | •••• | •••• | 140.0% | •••• | Chennai, Tamil Nadu, India |
| Null Innovation Private Limited | ₹12.64 Lakh (FY 2024) | •••• | •••• | 257.0% | •••• | Ahmedabad, Gujarat, India |
| Kasturi Media Services Private Limited | ₹12.64 Lakh (FY 2018) | •••• | •••• | -46.0% | •••• | Bhubaneswar, Odisha, India |
| Kevin Technocrats Solutions Private Limited | ₹12.64 Lakh (FY 2025) | •••• | •••• | •••• | Agra, Uttar Pradesh, India | |
| Project Kshemapura Private Limited | ₹12.63 Lakh (FY 2023) | •••• | •••• | -33.0% | •••• | Karwar, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Foroly Tech by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Foroly Tech (OPC) 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 Foroly Tech (OPC) Private Limited
Foroly Tech (OPC) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Foroly Tech (OPC) Private Limited
Employment history and EPFO contributions of people linked to Foroly Tech.
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 Foroly Tech (OPC) Private Limited
Foroly Tech (OPC) Private Limited has 1 board change on record since 2019: 1 appointment. The latest: Sushant Babasaheb Kudagi was appointed as Director on 27 Jun 2019.
Credit Ratings, Litigation & Regulatory Alerts for Foroly Tech (OPC) 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 Foroly Tech (OPC) 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 Foroly Tech (OPC) 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 Foroly Tech (OPC) Private Limited
Foroly Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF7806P1ZZ | Karnataka | Active | 29 Jul 2019 |
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 Foroly Tech (OPC) 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 Foroly Tech (OPC) Private Limited
Foroly Tech is an active company based in Hubli, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 27 June 2019 (7+ years old) and is registered under CIN U72900KA2019OPC125699.
Foroly Tech reported revenue of ₹12.65 Lakh for FY 2024 (up 34% YoY).
Foroly Tech has 1 current director:
- Sushant Babasaheb Kudagi - Director
Foroly Tech reported a net loss of ₹1.95 Lakh (net margin -15.4%) and EBITDA of -₹2,625 (EBITDA margin -0.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Foroly Tech is 84% over three years. In the latest year (FY 2024) revenue rose 34%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Foroly Tech is 29AADCF7806P1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Foroly Tech is U72900KA2019OPC125699. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foroly Tech was incorporated on 27 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Foroly Tech by revenue are Renzo Solutions Private Limited, Ms Softtech Private Limited, Rooks and Brooks Technologies Private Limited, Vertigo Technologies Private Limited, Revival Multilink Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Sushant Babasaheb Kudagi was appointed as Director on 27 Jun 2019.
The registered office of Foroly Tech is at 14 Shree Venkatesh Purushottam Nagar Stage I Sirur Park Stage II Vidyanagar, Hubli, Karnataka, India – 580021.