MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0062585
Fountainiq Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹71.62 Lakh
▲ 6% YoY
Net loss · FY 2024
₹19.36 Lakh
Net margin -27%
EBITDA · FY 2024
-₹17.08 Lakh
EBITDA margin -23.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5.1 Lakh
Issued & subscribed
Open charges
₹18 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Fountainiq Solutions Private Limited
Data last updated:
Fountainiq Solutions 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 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC117435. Its GSTIN is 29AADCF5305M1ZF (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.1 Lakh. It is led by directors including Joanita Maria Britto and Floyd Basil Michael Britto.
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.60/02 Coles Road Frazer Town, Bangalore, Karnataka, India – 560005.
As per the financials filed for FY 2024, the company reported a revenue of ₹71.62 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹19.36 Lakh (net margin -27%) and EBITDA of -₹17.08 Lakh (EBITDA margin -23.8%). Revenue has grown at a compounded annual rate (CAGR) of 490% over three years.
The company is associated with 1 brand: FountainIQ. As per MCA filings, the company has open charges of ₹18 Lakh on record.
Fountainiq Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0062585). For more details, the company can be reached via its website fountainiq.com.
Company details
CIN U72900KA2018PTC117435
Registration Number 117435
Incorporation Date 09 October 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0062585
Recognitions & Rankings of Fountainiq Solutions
Contact details
Fountainiq Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is fountainiq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.60/02 Coles Road Frazer Town, Bangalore, Karnataka, India – 560005
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Fountainiq Solutions Private Limited, buy the company report.
Comprehensive company report
Fountainiq Solutions 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
Fountainiq Solutions operates one associated brand: FountainIQ. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT strategy development, security solutions, and data protection services. | fountainiq.com |
Business activity
The main business activity of Fountainiq Solutions 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 Fountainiq Solutions Private Limited, buy the company report.
Financials of Fountainiq Solutions Private Limited
FY 2024 filings availableFountainiq Solutions Private Limited reported revenue of ₹71.62 Lakh (up 6% YoY) for FY 2024.
Revenue · FY 2024
₹71.62 Lakh ▲ 6%
Net loss · FY 2024
₹19.36 Lakh margin -27%
EBITDA · FY 2024
-₹17.08 Lakh margin -23.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 490%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▼ 49%
5 years · compounded
▼ 123%
Revenue has grown at a compounded annual rate (CAGR) of 490% over three years, including 6% growth in the latest year. EBITDA rose 4% 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 | -₹17.08 Lakh | ||||
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| Net Profit (PAT) | -₹19.36 Lakh | ||||
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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 | -23.8% | ||||
| Net Profit Margin | -27% | ||||
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To see the full financial statements and ratios of Fountainiq Solutions Private Limited, buy the company report.
Board of directors of Fountainiq Solutions Private Limited
Fountainiq Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joanita Maria Britto | Director | 09 Oct 2018 | 8 Years 0 Months | Current |
| Floyd Basil Michael Britto | Director | 09 Oct 2018 | 8 Years 0 Months | Current |
| Vinod Singh | Director | 17 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Fountainiq Solutions Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Gentek Computers Services Private Limited | ₹71.68 Lakh (FY 2018) | -22.0% | Bangalore, Karnataka, India | |||
| Rayabhari Technologies Private Limited | ₹71.65 Lakh (FY 2023) | -52.0% | Bengaluru, Karnataka, India | |||
| Anvaya Analytics Lab Private Limited | ₹71.62 Lakh (FY 2020) | 254.0% | Bangalore, Karnataka, India | |||
| Feeltech Solutions Private Limited | ₹71.62 Lakh (FY 2024) | 146.0% | Ahmedabad, Gujarat, India | |||
| Fountainiq Solutions Private Limitedthis company | ₹71.62 Lakh (FY 2024) | -₹19.36 Lakh | -27% | 6.0% | Bangalore, Karnataka, India | |
| Keyntech Technologies Private Limited | ₹71.62 Lakh (FY 2024) | 39.0% | Vadodara, Gujarat, India | |||
| Ibinito Private Limited | ₹71.5 Lakh (FY 2019) | 76.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Fountainiq Solutions Private Limited, buy the company report.
Auditor
Fountainiq Solutions Private Limited is audited by Vishnu Daya & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishnu Daya & Co LLP | FY 2023 | 008456S |
Shareholding
The shareholding of Fountainiq Solutions Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fountainiq Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2021 | 100491264 | Axis Bank Limited | ₹18 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Fountainiq Solutions 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 Fountainiq Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fountainiq Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF5305M1ZF | Karnataka | Active | 20 May 2019 |
To see the full GST registrations and return filing status of Fountainiq Solutions Private Limited, buy the company report.
Recent activity
Fountainiq Solutions Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Vinod Singh ceased to be Additional Director on 29 Sep 2024.
AGM
Fountainiq Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Vinod Singh ceased to be Additional Director.
Appointed
Vinod Singh was appointed as Director.
Filing
Fountainiq Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 18.00 Lakh with Charge ID 100491264 was registered on 12 Oct 2021.
Appointed
Floyd Basil Michael Britto was appointed as Director.
Appointed
Joanita Maria Britto was appointed as Director.
Incorporation
09 Oct 2018
Fountainiq Solutions Private Limited was registered on 09 Oct 2018 with Roc Bangalore & aged 8 years 14 days as per MCA records.
Frequently asked questions
Fountainiq Solutions 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 October 2018 (8+ years old) and is registered under CIN U72900KA2018PTC117435.
Fountainiq Solutions has 3 current directors:
- Joanita Maria Britto - Director
- Floyd Basil Michael Britto - Director
- Vinod Singh - Director
The latest financial statements of Fountainiq Solutions 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 FY 2019 are in the company report.
The GSTIN of Fountainiq Solutions is 29AADCF5305M1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Fountainiq Solutions is U72900KA2018PTC117435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fountainiq Solutions was incorporated on 09 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Fountainiq Solutions by revenue are Gentek Computers Services Private Limited, Rayabhari Technologies Private Limited, Anvaya Analytics Lab Private Limited, Feeltech Solutions Private Limited, Keyntech Technologies Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Vinod Singh ceased to be Additional Director on 29 Sep 2024. Vinod Singh was appointed as Director on 17 Jul 2024. Floyd Basil Michael Britto was appointed as Director on 09 Oct 2018. Fountainiq Solutions has 4 board changes on record in total.
Yes, Fountainiq Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0062585).
Fountainiq Solutions can be reached through the website fountainiq.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Fountainiq Solutions is at No.6002 Coles Road Frazer Town, Bangalore, Karnataka, India – 560005.