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FWC IT Services Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.57 Cr
▼ 15% YoY
Net profit · FY 2025
₹31.05 Lakh
Net margin 4.7%
EBITDA · FY 2025
₹50.83 Lakh
EBITDA margin 7.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
53
Provident fund records
About FWC IT Services Private Limited
Data last updated:
FWC IT Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 21 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2020PTC140080. Its GSTIN is 29AAECF2957Q1ZU (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pyari Mohan Das and Bannikuppe Srinivasa Harshitha.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.57 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹31.05 Lakh (net margin 4.7%) and EBITDA of ₹50.83 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years.
The company has about 53 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Cr on record.
FWC IT Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0067582). For more details, the company can be reached via its website fwc.co.in.
Company details
CIN U72200KA2020PTC140080
Registration Number 140080
Incorporation Date 21 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0067582
Recognitions & Rankings of FWC IT Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0067582
Contact details
FWC IT Services Private Limited's registered office is in Bangalore, Karnataka. Its website is fwc.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address# 1348 7th Avenue 4th Floor South End Main Road Jayanagar, 9th Block, Bangalore, Karnataka, India – 560011
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of FWC IT Services Private Limited, buy the company report.
Comprehensive company report
FWC IT Services 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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Business activity
The main business activity of FWC IT Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of FWC IT Services Private Limited, buy the company report.
Financials of FWC IT Services Private Limited
FY 2025 filings availableFWC IT Services Private Limited reported revenue of ₹6.57 Cr (down 15% YoY) for FY 2025.
Revenue · FY 2025
₹6.57 Cr ▼ 15%
Net profit · FY 2025
₹31.05 Lakh margin 4.7%
EBITDA · FY 2025
₹50.83 Lakh margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 44%
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 55%. EBITDA fell 55% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹50.83 Lakh | ||||
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| Net Profit (PAT) | ₹31.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 4.7% | ||||
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To see the full financial statements and ratios of FWC IT Services Private Limited, buy the company report.
Board of directors of FWC IT Services Private Limited
FWC IT Services 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 |
|---|---|---|---|---|
| Bannikuppe Srinivasa Harshitha Also directs: Seedicon India Private Limited | Additional Director | 23 Nov 2023 | 2 Years 11 Months | Current |
| Pyari Mohan Das Also directs: Seedicon India Private Limited | Director | 21 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
FWC IT Services Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Twilight Shipping Private Limited | ₹6.58 Cr (FY 2024) | 29.0% | Navi Mumbai, Maharashtra, India | |||
| FWC IT Services Private Limitedthis company | ₹6.57 Cr (FY 2025) | ₹31.05 Lakh | 4.7% | -15.0% | 53 | Bangalore, Karnataka, India |
| Tekfortune IT India Private Limited | ₹6.57 Cr (FY 2024) | -4.0% | Ghaziabad, Uttar Pradesh, India | |||
| Confiar Consultants India Private Limited | ₹6.55 Cr (FY 2025) | 42.0% | New Delhi, Delhi, India |
To see the full peer comparison of FWC IT Services Private Limited, buy the company report.
Auditor
FWC IT Services Private Limited is audited by NAVEENA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAVEENA & ASSOCIATES | FY 2022 | 017540S |
Shareholding
The shareholding of FWC IT Services Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of FWC IT Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2023 | 100807760 | Axis Bank Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving FWC IT Services 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 FWC IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
FWC IT Services Private Limited has a workforce of 53 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
53
Active EPFO establishments
1
Employee growth
15.22%
GST
FWC IT Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF2957Q1ZU | Karnataka | Active | 17 Feb 2021 |
To see the full GST registrations and return filing status of FWC IT Services Private Limited, buy the company report.
Recent activity
FWC IT Services Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Titus George ceased to be Director on 31 Mar 2025.
AGM
Fwc It Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Fwc It Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Titus George ceased to be Director.
Appointed
Bannikuppe Srinivasa Harshitha was appointed as Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100807760 was registered on 21 Oct 2023.
Ceased
Sudhanshu Agrawal ceased to be Additional Director.
Appointed
Pyari Mohan Das was appointed as Director.
Incorporation
21 Oct 2020
Fwc It Services Private Limited was registered on 21 Oct 2020 with Roc Bangalore & aged 6 years 4 days as per MCA records.
Frequently asked questions
FWC IT Services is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 21 October 2020 (6+ years old) and is registered under CIN U72200KA2020PTC140080.
FWC IT Services has 2 current directors:
- Bannikuppe Srinivasa Harshitha - Additional Director
- Pyari Mohan Das - Director
The latest financial statements of FWC IT Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of FWC IT Services is 29AAECF2957Q1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of FWC IT Services is U72200KA2020PTC140080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FWC IT Services was incorporated on 21 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of FWC IT Services by revenue are Twilight Shipping Private Limited, Tekfortune IT India Private Limited, Confiar Consultants India Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Titus George ceased to be Director on 31 Mar 2025. Bannikuppe Srinivasa Harshitha was appointed as Additional Director on 23 Nov 2023. Sudhanshu Agrawal ceased to be Additional Director on 15 Jul 2022. FWC IT Services has 4 board changes on record in total.
Yes, FWC IT Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, FWC IT Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0067582).
FWC IT Services can be reached through the website fwc.co.in. Its registered office is in Bangalore, Karnataka, India.