MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0280886
Grasp Io Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹5.31 Lakh
▼ 16% YoY
Net loss · FY 2023
₹70.66 Lakh
Latest filing
EBITDA · FY 2023
-₹50.78 Lakh
Latest filing
Authorised capital
₹2.8 Cr
Registered with MCA
Paid-up capital
₹1.54 Cr
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
4
Provident fund records
Directors on board
3
As per MCA filings
About Grasp Io Innovations Private Limited
Data last updated:
Grasp Io Innovations 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 18 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2011PTC060040. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹1.54 Cr. It was formerly known as Botrio Design Labs Private Limited. It is led by directors including Tumkur Srinivas Shanmugha (Managing Director) and Kishore Varma Konduru (Director Appointed In Casual Vacancy).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at #5 1st Floor 4th Stage 3rd Block Basaveshwaranagar, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.31 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹70.66 Lakh and EBITDA of -₹50.78 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 16% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GraspIO. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 2 cases are pending. The company has 11 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2018.
Grasp Io Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0280886). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grasp.io.
Company details
CIN U72200KA2011PTC060040
Registration Number 060040
Incorporation Date 18 August 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0280886
Key People
Tumkur Srinivas Shanmugha Managing Director Kishore Varma Konduru Director Appointed In Casual Vacancy Abhijit Adiga Director Recognitions & Rankings of Grasp Io Innovations
Contact details
Grasp Io Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is grasp.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address#5 1st Floor 4th Stage 3rd Block Basaveshwaranagar, Bangalore, Karnataka, India – 560079
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Grasp Io Innovations Private Limited, buy the company report.
Comprehensive company report
Grasp Io Innovations 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 Grasp Io Innovations is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Grasp Io Innovations Private Limited, buy the company report.
Financials of Grasp Io Innovations Private Limited
FY 2023 filings availableGrasp Io Innovations Private Limited reported revenue of ₹5.31 Lakh (down 16% YoY) for FY 2023.
Revenue · FY 2023
₹5.31 Lakh ▼ 16%
Net loss · FY 2023
₹70.66 Lakh
EBITDA · FY 2023
-₹50.78 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 62%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 12%
5 years · compounded
▲ 23%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 16% fall in the latest year. EBITDA rose 28% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.31 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹50.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.66 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Grasp Io Innovations Private Limited, buy the company report.
Board of directors of Grasp Io Innovations Private Limited
Grasp Io Innovations has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishore Varma Konduru | Director Appointed In Casual Vacancy | 22 May 2015 | 11 Years 5 Months | Current |
| Tumkur Srinivas Shanmugha | Managing Director | 18 Aug 2011 | 15 Years 2 Months | Current |
| Abhijit Adiga | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
Auditor
Grasp Io Innovations Private Limited is audited by Rahul Agarwalla & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rahul Agarwalla & Co. | FY 2023 | 023451S |
Shareholding
The shareholding of Grasp Io Innovations 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 Grasp Io Innovations Private Limited, buy the company report.
Deals & funding
Grasp Io Innovations Private Limited has 11 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2018.
Total deals
11
Funding rounds
7
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹2.49 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| May 2017 | Rights issue | ₹1.02 Cr | Investors: 4 individuals |
| Dec 2015 | Funding round | ₹1.1 Cr | Investors: Dalal and Broacha Stock Broking Private Limited , 3 individuals |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: Mundra Family Office, 3 individuals Seller: Aurora Borealis Consultancy Private Limited , 3 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Aurora Borealis Consultancy Private Limited Seller: 2 individuals |
To see the full deal history of Grasp Io Innovations Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Grasp Io Innovations Private Limited has 5 court cases on record: 2 filed by Grasp Io Innovations, 3 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Play A Proprietorship Firm Rep by Its Proprietor Sachin Jain and 4 others | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S.Play | Disposed |
To see the full case history of Grasp Io Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grasp Io Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grasp Io Innovations Private Limited has a workforce of 4 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-20%
GST
Grasp Io Innovations has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Grasp Io Innovations Private Limited, buy the company report.
Recent activity
Grasp Io Innovations Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Sacheth Kadam ceased to be Director on 15 Mar 2020.
AGM
Grasp Io Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Grasp Io Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Sacheth Kadam ceased to be Director.
Appointed
Abhijit Adiga was appointed as Director.
Appointed
Kishore Varma Konduru was appointed as Director Appointed In Casual Vacancy.
Ceased
Puneeth Mullingakulu Subramanian ceased to be Director.
Ceased
Tumkur Srinivas Shanmugha ceased to be Director.
Appointed
Tumkur Srinivas Shanmugha was appointed as Managing Director.
Incorporation
18 Aug 2011
Grasp Io Innovations Private Limited was registered on 18 Aug 2011 with Roc Bangalore & aged 15 years 2 months as per MCA records.
Frequently asked questions
Grasp Io Innovations 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 18 August 2011 (15+ years old) and is registered under CIN U72200KA2011PTC060040.
Grasp Io Innovations has 3 current directors:
- Tumkur Srinivas Shanmugha - Managing Director
- Kishore Varma Konduru - Director Appointed In Casual Vacancy
- Abhijit Adiga - Director
The latest financial statements of Grasp Io Innovations on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Grasp Io Innovations has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Grasp Io Innovations is U72200KA2011PTC060040. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grasp Io Innovations has 5 court cases on record: 2 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Grasp Io Innovations was incorporated on 18 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Grasp Io Innovations has 11 deals on record (7 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.49 Cr; the latest was in February 2018.
Sacheth Kadam ceased to be Director on 15 Mar 2020. Abhijit Adiga was appointed as Director on 30 Sep 2019. Kishore Varma Konduru was appointed as Director Appointed In Casual Vacancy on 22 May 2015. Grasp Io Innovations has 6 board changes on record in total.
Yes, Grasp Io Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0280886).