Startup India Government of India
Gridworks Tech Private Limited - business services in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2022
₹59,370
▼ 99% YoY
Net loss · FY 2022
₹67,586
Net margin -113.8%
EBITDA · FY 2022
-₹67,586
EBITDA margin -113.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Last financials
Mar 2022
Balance sheet date
About Gridworks Tech Private Limited
Data last updated:
Gridworks Tech Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 13 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC131544.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shashishekar Jagadish and Sanjay Raghavendra Rao.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.11/14 2nd Floor 1st D Main 2nd Phase Girinagar, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2022, the company reported a revenue of ₹59,370, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹67,586 (net margin -113.8%) and EBITDA of -₹67,586 (EBITDA margin -113.8%).
For more details, the company can be reached via its website gridworks.com.
Company details
CIN U74999KA2020PTC131544
Registration Number 131544
Incorporation Date 13 January 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Gridworks Tech
Contact details
Gridworks Tech Private Limited's registered office is in Bangalore, Karnataka.
- Registered AddressNo.11/14 2nd Floor 1st D Main 2nd Phase Girinagar, Bangalore, Karnataka, India – 560085
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
Comprehensive company report
Gridworks Tech 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 Gridworks Tech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Gridworks Tech Private Limited
FY 2022 filings availableGridworks Tech Private Limited reported revenue of ₹59,370 (down 99% YoY) for FY 2022.
Revenue · FY 2022
₹59,370 ▼ 99%
Net loss · FY 2022
₹67,586 margin -113.8%
EBITDA · FY 2022
-₹67,586 margin -113.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
EBITDA CAGR growth
1 year
▲ 98%
Revenue fell 99% in the latest year. EBITDA rose 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| 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 | -₹67,586 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹67,586 | ||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -113.8% | ||
| Net Profit Margin | -113.8% | ||
| 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 | |||
To see the full financial statements and ratios of Gridworks Tech Private Limited, buy the company report.
Board of directors of Gridworks Tech Private Limited
Gridworks Tech has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashishekar Jagadish Also directs: Upaghna Venture Labs LLP, Driif AI Private Limited | Director | 13 Jan 2020 | 6 Years 10 Months | Current |
| Sanjay Raghavendra Rao Also directs: Upaghna Venture Labs LLP, Oneearth Venture Studio LLP, AI Foundry Ventures LLP and 1 more | Director | 13 Jan 2020 | 6 Years 10 Months | Current |
Peer comparison
Gridworks Tech Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mja Solutions Private Limited | ₹59,500 (FY 2017) | Shahadra, Delhi, India | ||||
| PNJ IT Services Private Limited | ₹59,460 (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Ashtavinn Technologies Private Limited | ₹59,424 (FY 2016) | Hubli, Karnataka, India | ||||
| Gridworks Tech Private Limitedthis company | ₹59,370 (FY 2022) | -₹67,586 | -113.8% | -99.0% | Bangalore, Karnataka, India | |
| Ira Infosolutions Private Limited | ₹59,310 (FY 2021) | -49.0% | Mumbai, Maharashtra, India | |||
| Rankpie India Private Limited | ₹59,220 (FY 2018) | 33.0% | Delhi, India | |||
| Sysvision Infotech Private Limited | ₹59,213 (FY 2025) | -92.0% | Lucknow, Uttar Pradesh, India | |||
| Zamorins Solutions Private Limited | ₹59,189 (FY 2025) | -44.0% | Kanayannur, Kerala, India |
To see the full peer comparison of Gridworks Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Gridworks Tech 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 Gridworks Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Gridworks Tech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Gridworks Tech Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Brinda Ananth Kumar Sandal ceased to be Director on 01 Apr 2022.
AGM
Gridworks Tech Private Limited last Annual general meeting of members was held on 29 Sep 2022 as per latest MCA records.
Ceased
Brinda Ananth Kumar Sandal ceased to be Director.
Filing
Gridworks Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Ceased
Sridhar Rajaram ceased to be Director.
Appointed
Sanjay Raghavendra Rao was appointed as Director.
Appointed
Shashishekar Jagadish was appointed as Director.
Incorporation
13 Jan 2020
Gridworks Tech Private Limited was registered on 13 Jan 2020 with Roc Bangalore & aged 6 years 10 months as per MCA records.
Frequently asked questions
Gridworks Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 13 January 2020 (6+ years old) and is registered under CIN U74999KA2020PTC131544.
Gridworks Tech has 2 current directors:
- Shashishekar Jagadish - Director
- Sanjay Raghavendra Rao - Director
The latest financial statements of Gridworks Tech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Gridworks Tech is U74999KA2020PTC131544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gridworks Tech was incorporated on 13 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gridworks Tech by revenue are Mja Solutions Private Limited, PNJ IT Services Private Limited, Ashtavinn Technologies Private Limited, Ira Infosolutions Private Limited, Rankpie India Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Brinda Ananth Kumar Sandal ceased to be Director on 01 Apr 2022. Sridhar Rajaram ceased to be Director on 11 Jun 2020. Sanjay Raghavendra Rao was appointed as Director on 13 Jan 2020. Gridworks Tech has 4 board changes on record in total.
Yes, Gridworks Tech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Gridworks Tech can be reached through the website gridworks.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Gridworks Tech is at No.1114 2nd Floor 1st D Main 2nd Phase Girinagar, Bangalore, Karnataka, India – 560085.
Gridworks Tech operates in the business services industry, in the other services segment.
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