About Grexit Software Private Limited
Data last updated:
Grexit Software Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Grexit Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2010PTC133070. Its GSTIN is 29AAECG0223G1ZZ (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ankit Kanoria and Nitesh Nandy.
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 Sector 1, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹71.57 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.11 Cr (net margin 9.9%) and EBITDA of ₹10.73 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 29% over five years.
The company has about 149 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hiver. The company has 2 deals on record (2 secondary share transfers); the latest was in July 2018. Its 10 peer companies in the same principal business activity (Other professional, scientific and technical activities) are compared by revenue, 5 larger and 5 smaller; the largest is Sulzer Tech India Private Limited with revenue of ₹72.51 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiverhq.com.
CIN History of Grexit Software Private Limited
Grexit Software has one previous CIN (Corporate Identification Number): U93000UP2010PTC042596. The current CIN is U93000KA2010PTC133070, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000KA2010PTC133070 | Current |
| U93000UP2010PTC042596 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address1st And 02nd Floor 1496A Nirmala Towers 19th Main 8th Cross Sector 1 Hsr Layo, UT, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Associated Brands with Grexit Software Private Limited
Grexit Software operates one associated brand: Hiver. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Email collaboration tools for sales and project management | hiverhq.com |
Business Activity of Grexit Software Private Limited
The main business activity of Grexit Software is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Grexit Software Private Limited FY 2024 filings available
Grexit Software Private Limited reported revenue of ₹71.57 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Grexit Software Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 1% growth in the latest year. EBITDA rose 3% 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 Grexit Software 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.11 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Grexit Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.9% | •••• | •••• | •••• | •••• |
| 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 Grexit Software 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 Grexit Software Private Limited
Grexit Software has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Kanoria | Director | 19 Jul 2023 | 3 Years 3 Months | Current |
| Nitesh Nandy | Director | 18 Jun 2024 | 2 Years 4 Months | Current |
| Niraj Ranjan | Director | 27 Jul 2023 | 3 Years 2 Months | Current |
Peer Comparison of Grexit Software Private Limited
Grexit Software Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sulzer Tech India Private Limited | ₹72.51 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Nv5 Engineering Private Limited | ₹72.39 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | Thane, Maharashtra, India |
| Value Network Ventures Advisory Services Private Limited | ₹72.06 Cr (FY 2025) | •••• | •••• | 153.0% | •••• | Bengaluru, Karnataka, India |
| Orbit & Skyline India Private Limited | ₹71.86 Cr (FY 2024) | •••• | •••• | 297.0% | •••• | Mohali, Punjab, India |
| Delphix Software Private Limited | ₹71.69 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | New Delhi, Delhi, India |
| Grexit Software Private Limited this company | ₹71.57 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Dockendale Ship Management (India) Private Limited | ₹71.53 Cr (FY 2025) | •••• | •••• | 82.0% | •••• | Mumbai, Maharashtra, India |
| Shyamprabha Smartpack Private Limited | ₹71.25 Cr (FY 2023) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Cybercorp Limited | ₹71.22 Cr (FY 2025) | •••• | •••• | 57164.0% | •••• | Kolkata, West Bengal, India |
| Anb Solutions Private Limited | ₹70.96 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| RT Network Solutions Private Limited | ₹70.71 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Grexit Software by revenue in the same principal business activity (Other professional, scientific and technical activities), 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 Grexit Software Private Limited
Grexit Software Private Limited is audited by MSKA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MSKA & Associates | 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.
Ownership and Shareholding of Grexit Software 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 Grexit Software Private Limited
Grexit Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Grexit Software Private Limited
Grexit Software Private Limited has 2 deals on record (2 secondary share transfers); the latest was in July 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Grexit Inc Seller: 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Grexit Software Private Limited
Grexit Software Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Power Bridge Systems Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Grexit Software Private Limited
Grexit Software Private Limited has a workforce of 149 employees as of Apr 01, 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 Grexit Software Private Limited
Grexit Software Private Limited has 6 board changes on record since 2023: 3 appointments and 3 cessations. The latest: Nitesh Nandy was appointed as Director on 18 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Grexit Software 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.
Subsidiaries & Group Companies of Grexit Software 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 Grexit Software Private Limited
Grexit Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG0223G1ZZ | Karnataka | Active | 25 Aug 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 Grexit Software 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.
Related news about Grexit Software Private Limited
Frequently Asked Questions about Grexit Software Private Limited
Grexit Software 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 November 2010 (16+ years old) and is registered under CIN U93000KA2010PTC133070.
Grexit Software reported revenue of ₹71.57 Cr for FY 2025 (up 1% YoY).
Grexit Software has 3 current directors:
- Ankit Kanoria - Director
- Nitesh Nandy - Director
- Niraj Ranjan - Director
Grexit Software reported a net profit of ₹7.11 Cr (net margin 9.9%) and EBITDA of ₹10.73 Cr (EBITDA margin 15%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Grexit Software is 32% over three years and 29% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Grexit Software is 29AAECG0223G1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Grexit Software is U93000KA2010PTC133070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grexit Software was incorporated on 18 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Grexit Software has 2 deals on record (2 secondary share transfers); the latest was in July 2018.
The peers of Grexit Software by revenue are Sulzer Tech India Private Limited, Nv5 Engineering Private Limited, Value Network Ventures Advisory Services Private Limited, Orbit & Skyline India Private Limited, Delphix Software Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Nitesh Nandy was appointed as Director on 18 Jun 2024. Ankit . Kanoria ceased to be Additional Director on 29 Sep 2023. Nitesh Nandy ceased to be Director on 31 Jul 2023. Grexit Software has 6 board changes on record in total.
Grexit Software has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2020.