MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0050037
Goavega Software India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.35 Cr
▲ 22% YoY
Net loss · FY 2025
₹16.01 Lakh
Net margin -0.9%
EBITDA · FY 2025
₹14.68 Lakh
EBITDA margin 0.8%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
90
Provident fund records
About Goavega Software India Private Limited
Data last updated:
Goavega Software India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014PTC073480. Its GSTIN is 29AAFCG5420Q1Z4 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Bylahalli Krishna Iyengar Sumana Iyengar (Whole-Time Director) and Sachin Nigam (Whole-Time Director).
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.35 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹16.01 Lakh (net margin -0.9%) and EBITDA of ₹14.68 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 25% over five years.
The company has about 90 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Goavega. As per MCA filings, the company has open charges of ₹2 Cr on record.
Goavega Software India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0050037). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goavega.com.
Company details
CIN U72200KA2014PTC073480
Registration Number 073480
Incorporation Date 06 February 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0050037
Key People
Bylahalli Krishna Iyengar Sumana Iyengar Whole-Time Director Sachin Nigam Whole-Time Director Mahesh Alayil Whole-Time Director Recognitions & Rankings of Goavega Software India
Contact details
Goavega Software India Private Limited's registered office is in Bangalore, Karnataka. Its website is goavega.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#775 1st Floor 60 Feet Road, Beml Layout 5th Stage Raja Rajeshwari Nagar, Bangalore, Karnataka, India – 560098
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Goavega Software India Private Limited, buy the company report.
Comprehensive company report
Goavega Software India 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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Brands
Goavega Software India operates one associated brand: Goavega. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AI-driven product engineering, data analytics, and cloud services for business innovation. | goavega.com |
Business activity
The main business activity of Goavega Software India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Goavega Software India Private Limited, buy the company report.
Financials of Goavega Software India Private Limited
FY 2024 filings availableGoavega Software India Private Limited reported revenue of ₹18.35 Cr (up 22% YoY) for FY 2025.
Revenue · FY 2025
₹18.35 Cr ▲ 22%
Net loss · FY 2025
₹16.01 Lakh margin -0.9%
EBITDA · FY 2025
₹14.68 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 7%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 150%
3 years · compounded
▼ 64%
5 years · compounded
▼ 30%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 22% growth in the latest year. EBITDA rose 150% 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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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹14.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.01 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Goavega Software India Private Limited, buy the company report.
Board of directors of Goavega Software India Private Limited
Goavega Software India has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bylahalli Krishna Iyengar Sumana Iyengar | Whole-Time Director | 06 Feb 2014 | 12 Years 8 Months | Current |
| Mahesh Kalva | Additional Director | 14 Feb 2024 | 2 Years 8 Months | Current |
| Sachin Nigam | Whole-Time Director | 06 Feb 2014 | 12 Years 8 Months | Current |
| Mahesh Alayil | Whole-Time Director | 06 Feb 2014 | 12 Years 8 Months | Current |
Peer comparison
Goavega Software India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inactiv.Com Media Solutions Private Limited | ₹18.43 Cr (FY 2021) | 49.0% | Bengaluru, Karnataka, India | |||
| Next Trillion Technologies Private Limited | ₹18.42 Cr (FY 2024) | 184.0% | Mumbai, Maharashtra, India | |||
| Merlyn Mind India Private Limited | ₹18.42 Cr (FY 2025) | 50.0% | Bangalore, Karnataka, India | |||
| E2s Infranet Private Limited | ₹18.4 Cr (FY 2016) | 64.0% | Faridabad, Haryana, India | |||
| Nipun-It Solutions Private Limited | ₹18.38 Cr (FY 2024) | 72.0% | Hyderabad, Telangana, India | |||
| Goavega Software India Private Limitedthis company | ₹18.35 Cr (FY 2025) | -₹16.01 Lakh | -0.9% | 22.0% | 90 | Bangalore, Karnataka, India |
| Gsma Services India Private Limited | ₹18.32 Cr (FY 2025) | 30.0% | New Delhi, Delhi, India | |||
| Rayven IT Solutions Private Limited | ₹18.3 Cr (FY 2024) | 34.0% | Hyderabad, Telangana, India | |||
| Karunadu Communications Private Limited | ₹18.3 Cr (FY 2025) | 487.0% | Bangalore, Karnataka, India | |||
| Rearview Infrastructure Private Limited | ₹18.29 Cr (FY 2022) | 328.0% | New Delhi, Delhi, India | |||
| Objectone Information Systems Limited | ₹18.29 Cr (FY 2025) | -16.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Goavega Software India Private Limited, buy the company report.
Auditor
Goavega Software India Private Limited is audited by Sandesh A. M for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sandesh A. M | FY 2023 | 234027 |
Shareholding
The shareholding of Goavega Software India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goavega Software India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2024 | 100881371 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Goavega Software India 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 Goavega Software India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Goavega Software India Private Limited has a workforce of 90 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
90
Active EPFO establishments
1
Employee growth
11.11%
GST
Goavega Software India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCG5420Q1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goavega Software India Private Limited, buy the company report.
Recent activity
Goavega Software India Private Limited has 8 board changes on record since 2014: 4 appointments and 4 cessations. The latest: Mahesh Kalva ceased to be Additional Director on 17 Sep 2024.
AGM
Goavega Software India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Mahesh Kalva ceased to be Additional Director.
Filing
Goavega Software India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Mahesh Kalva was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100881371 was registered on 09 Jan 2024.
Ceased
Mahesh Alayil ceased to be Director.
Ceased
Bylahalli Krishna Iyengar Sumana Iyengar ceased to be Director.
Ceased
Sachin Nigam ceased to be Director.
Appointed
Bylahalli Krishna Iyengar Sumana Iyengar was appointed as Whole-Time Director.
Appointed
Mahesh Alayil was appointed as Whole-Time Director.
Appointed
Sachin Nigam was appointed as Whole-Time Director.
Incorporation
06 Feb 2014
Goavega Software India Private Limited was registered on 06 Feb 2014 with Roc Bangalore & aged 12 years 8 months as per MCA records.
Frequently asked questions
Goavega Software India is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 February 2014 (12+ years old) and is registered under CIN U72200KA2014PTC073480.
Goavega Software India has 4 current directors:
- Bylahalli Krishna Iyengar Sumana Iyengar - Whole-Time Director
- Sachin Nigam - Whole-Time Director
- Mahesh Alayil - Whole-Time Director
- Mahesh Kalva - Additional Director
The latest financial statements of Goavega Software India 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 2015 are in the company report.
The GSTIN of Goavega Software India is 29AAFCG5420Q1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Goavega Software India is U72200KA2014PTC073480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goavega Software India was incorporated on 06 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Goavega Software India by revenue are Inactiv.Com Media Solutions Private Limited, Next Trillion Technologies Private Limited, Merlyn Mind India Private Limited, E2s Infranet Private Limited, Nipun-It Solutions Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Mahesh Kalva ceased to be Additional Director on 17 Sep 2024. Mahesh Kalva was appointed as Additional Director on 14 Feb 2024. Mahesh Alayil ceased to be Director on 18 Dec 2020. Goavega Software India has 8 board changes on record in total.
Yes, Goavega Software India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0050037).
Goavega Software India can be reached through the website goavega.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Goavega Software India is at #775 1st Floor 60 Feet Road, Beml Layout 5th Stage Raja Rajeshwari Nagar, Bangalore, Karnataka, India – 560098.
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