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About Grace System Technology Labs (India) Private Limited
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Grace System Technology Labs (India) 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 23 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2002PTC030039. Its GSTIN is 29AABCG9476C1ZD (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors Madhu Kallampalli Illam (Managing Director) and Kallamvalli Illath Vasudevan Namboodiri.
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 No 198 Cmh Road Second Floor Suite No 984 Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹85.11 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹3.17 Lakh (net margin 3.7%) and EBITDA of ₹4.72 Lakh (EBITDA margin 5.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 15% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gracelabs.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gracelabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 198 Cmh Road Second Floor Suite No 984 Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, IT Consulting & Support 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 Grace System Technology Labs (India) Private Limited
The main business activity of Grace System Technology Labs (India) 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 | 62 | Computer programming, consultancy and related activities | 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 Grace System Technology Labs (India) Private Limited FY 2025 filings available
Grace System Technology Labs (India) Private Limited reported revenue of ₹85.11 Lakh (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Grace System Technology Labs (India) Private Limited
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 137% 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 Grace System Technology Labs (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.17 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Grace System Technology Labs (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 Grace System Technology Labs (India) 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.
Peer Comparison of Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naamly India Private Limited | ₹85.53 Lakh (FY 2025) | •••• | •••• | -28.0% | •••• | Hyderabad, Telangana, India |
| Daimoku Technology Partners Private Limited | ₹85.36 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Jaipur, Rajasthan, India |
| Sridama Business Solutions Private Limited | ₹85.34 Lakh (FY 2023) | •••• | •••• | -36.0% | •••• | Bangalore, Karnataka, India |
| Silicontech Info Systems(India) Private Limited | ₹85.28 Lakh (FY 2020) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Chipmonk Technologies Private Limited | ₹85.14 Lakh (FY 2024) | •••• | •••• | -51.0% | •••• | Bangalore, Karnataka, India |
| Grace System Technology Labs (India) Private Limited this company | ₹85.11 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Bushido Technologies Private Limited | ₹84.85 Lakh (FY 2025) | •••• | •••• | 385.0% | •••• | Mumbai, Maharashtra, India |
| Galvinus India Private Limited | ₹84.84 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Asymptote Cloud Technologies Private Limited | ₹84.82 Lakh (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Consultit Technologies Private Limited | ₹84.75 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | New Delhi, Delhi, India |
| Paperbyte Technologies Private Limited | ₹84.69 Lakh (FY 2025) | •••• | •••• | -54.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Grace System Technology Labs (India) by revenue in the Information Technology industry (IT Consulting and Services), 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 Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) Private Limited is audited by M C SHEKAR & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M C SHEKAR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) 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 |
|---|---|---|---|---|
| Madhu Kallampalli Illam | Managing Director | 23 Jan 2002 | 24 Years 8 Months | Current |
| Kallamvalli Illath Vasudevan Namboodiri | Director | 23 Jan 2002 | 24 Years 8 Months | Current |
Ownership and Shareholding of Grace System Technology Labs (India) 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 Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) operates one associated brand: GRACELABS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development and consulting services in embedded systems and technology sectors. | gracelabs.com |
Employees and EPFO Compliance at Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) Private Limited has a workforce of 6 employees as of Mar 22, 2024.
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 Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Subhadra Kunju ceased to be Director on 29 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Grace System Technology Labs (India) 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 Grace System Technology Labs (India) 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 Grace System Technology Labs (India) 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 Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCG9476C1ZD | Karnataka | Active | 01 Jul 2017 |
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 Grace System Technology Labs (India) 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 Grace System Technology Labs (India) Private Limited
Grace System Technology Labs (India) 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 23 January 2002 (24+ years old) and is registered under CIN U72900KA2002PTC030039.
Grace System Technology Labs (India) reported revenue of ₹85.11 Lakh for FY 2025 (up 2% YoY).
Grace System Technology Labs (India) has 2 current directors:
- Madhu Kallampalli Illam - Managing Director
- Kallamvalli Illath Vasudevan Namboodiri - Director
Grace System Technology Labs (India) reported a net profit of ₹3.17 Lakh (net margin 3.7%) and EBITDA of ₹4.72 Lakh (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Grace System Technology Labs (India) is 13% over three years and -15% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Grace System Technology Labs (India) is 29AABCG9476C1ZD, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Grace System Technology Labs (India) is U72900KA2002PTC030039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grace System Technology Labs (India) was incorporated on 23 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Grace System Technology Labs (India) by revenue are Naamly India Private Limited, Daimoku Technology Partners Private Limited, Sridama Business Solutions Private Limited, Silicontech Info Systems(India) Private Limited, Chipmonk Technologies Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Subhadra Kunju ceased to be Director on 29 Sep 2018. Madhu Kallampalli Illam ceased to be Director on 01 Jul 2009. Kallamvalli Illath Vasudevan Namboodiri was appointed as Director on 23 Jan 2002. Grace System Technology Labs (India) has 4 board changes on record in total.
Grace System Technology Labs (India) can be reached through the website gracelabs.com. Its registered office is in Bangalore, Karnataka, India.