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 of Fountainiq Solutions Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.60/02 Coles Road Frazer Town, Bangalore, Karnataka, India – 560005
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Fountainiq Solutions Private Limited
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 of Fountainiq Solutions Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Fountainiq Solutions Private Limited FY 2024 filings available
Fountainiq 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) of Fountainiq Solutions Private Limited
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 of Fountainiq Solutions 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 | -₹17.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹19.36 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 Fountainiq Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -27% | •••• | •••• | •••• | •••• |
| 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 Fountainiq Solutions are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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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 of Fountainiq Solutions Private Limited
Fountainiq Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Gentek Computers Services Private Limited | ₹71.68 Lakh (FY 2018) | •••• | •••• | -22.0% | •••• | Bangalore, Karnataka, India |
| Elbaka Technologies Private Limited | ₹71.68 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Hyderabad, Telangana, 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 Limited this company | ₹71.62 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Keyntech Technologies Private Limited | ₹71.62 Lakh (FY 2024) | •••• | •••• | 39.0% | •••• | Vadodara, Gujarat, India |
| Unnati Digital Solutions Private Limited | ₹71.6 Lakh (FY 2025) | •••• | •••• | 59.0% | •••• | Thane, Maharashtra, India |
| Nhance Digital Private Limited | ₹71.59 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Ahmedabad, Gujarat, India |
| Inspirion Digital Solutions Private Limited | ₹71.57 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Bengaluru, Karnataka, India |
| Ibinito Private Limited | ₹71.5 Lakh (FY 2019) | •••• | •••• | 76.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Fountainiq Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Fountainiq Solutions Private Limited
Fountainiq Solutions Private Limited is audited by Vishnu Daya & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vishnu Daya & Co LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Fountainiq Solutions Private Limited
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Charges & Borrowings of Fountainiq Solutions Private Limited
Open charges
₹18 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Oct 2021 | Axis Bank Limited | ₹18 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Fountainiq Solutions Private Limited
Employment history and EPFO contributions of people linked to Fountainiq Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Fountainiq Solutions Private Limited
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 13 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Fountainiq Solutions Private Limited
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MSME Payment Delays by Fountainiq Solutions Private Limited
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Subsidiaries & Group Companies of Fountainiq Solutions Private Limited
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GST Compliance of Fountainiq Solutions Private Limited
Fountainiq Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF5305M1ZF | Karnataka | Active | 20 May 2019 |
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MCA Filings & Documents of Fountainiq Solutions Private Limited
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Related news about Fountainiq Solutions Private Limited
Frequently Asked Questions about Fountainiq Solutions Private Limited
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 reported revenue of ₹71.62 Lakh for FY 2024 (up 6% YoY).
Fountainiq Solutions has 3 current directors:
- Joanita Maria Britto - Director
- Floyd Basil Michael Britto - Director
- Vinod Singh - Director
Fountainiq Solutions reported a net loss of ₹19.36 Lakh (net margin -27%) and EBITDA of -₹17.08 Lakh (EBITDA margin -23.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fountainiq Solutions is 490% over three years. In the latest year (FY 2024) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
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, Elbaka Technologies Private Limited, Rayabhari Technologies Private Limited, Anvaya Analytics Lab Private Limited, Feeltech Solutions Private Limited and 5 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).