Galore Technologies Private Limited
About Galore Technologies Private Limited
Data last updated:
Galore Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT services segment of the services sector. It was incorporated on 07 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2011PTC056959. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajeswari Kondeti and Vijayaraju Gosala.
Its last annual general meeting (AGM) was held on 31 October 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 73 74 2nd Cross 26th Main Kr Layout J.P.Nagar 6th Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2021, the company reported a revenue of ₹75,376, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -169.6%) and EBITDA of -₹1.16 Lakh (EBITDA margin -153.9%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 24% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address73 74 2nd Cross 26th Main Kr Layout J.P.Nagar 6th Phase, Bangalore, Karnataka, India – 560078
- IndustryService, Information Technology Services
- 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 Galore Technologies Private Limited
The main business activity of Galore Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Galore Technologies Private Limited FY 2023 filings available
Galore Technologies Private Limited reported revenue of ₹75,376 (down 95% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Galore Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 95% fall in the latest year. EBITDA fell 109% 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 Galore Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.28 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Galore Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -153.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -169.6% | •••• | •••• | •••• | •••• |
| 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 Galore Technologies are in the company report.
Financial statements from 2015
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 Galore Technologies Private Limited
Galore Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeswari Kondeti | Director | 14 Dec 2021 | 4 Years 9 Months | Current |
| Vijayaraju Gosala | Director | 14 Dec 2021 | 4 Years 9 Months | Current |
Ownership and Shareholding of Galore Technologies 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 Galore Technologies Private Limited
Galore Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Galore Technologies Private Limited
Employment history and EPFO contributions of people linked to Galore Technologies.
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 Galore Technologies Private Limited
Galore Technologies Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Ramesh Narasimhan ceased to be Director on 20 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Galore Technologies 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 Galore Technologies 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 Galore Technologies 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 Galore Technologies Private Limited
Galore Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Galore Technologies 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 Galore Technologies Private Limited
Galore Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in information technology services, within the service industry. It was incorporated on 07 February 2011 (15+ years old) and is registered under CIN U72100KA2011PTC056959.
Galore Technologies reported revenue of ₹75,376 for FY 2021 (down 95% YoY).
Galore Technologies has 2 current directors:
- Rajeswari Kondeti - Director
- Vijayaraju Gosala - Director
Galore Technologies reported a net loss of ₹1.28 Lakh (net margin -169.6%) and EBITDA of -₹1.16 Lakh (EBITDA margin -153.9%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Galore Technologies is -22% over three years and -24% over five years. In the latest year (FY 2021) revenue fell 95%. CAGR is the steady yearly rate that links the first and the last year.
No. Galore Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Galore Technologies is U72100KA2011PTC056959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Galore Technologies was incorporated on 07 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Ramesh Narasimhan ceased to be Director on 20 Dec 2021. Ranjani Vajravaradan ceased to be Director on 20 Dec 2021. Rajeswari Kondeti was appointed as Director on 14 Dec 2021. Galore Technologies has 4 board changes on record in total.
The registered office of Galore Technologies is at 73 74 2nd Cross 26th Main Kr Layout J.P.Nagar 6th Phase, Bangalore, Karnataka, India – 560078.