About Gritsys Technologies Private Limited
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Gritsys Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2011PTC083170. Its GSTIN is 33AAECG4678F2ZK (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹43.48 Lakh. It is led by directors including Aravind Hosahalli Bhashyam and Rajendra Prasad Santhati Michael.
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 No.19/30 K.A. Complex Ist Floor Lakshmi Talkies Road Shenoy Nagar, Chennai, Tamil Nadu, India – 600030.
As per the financials filed for FY 2025, the company reported a revenue of ₹33,702, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹16.16 Lakh and EBITDA of -₹12.91 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 63% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gritsys.com.
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- Registered AddressNo.19/30 K.A. Complex Ist Floor Lakshmi Talkies Road Shenoy Nagar, Chennai, Tamil Nadu, India – 600030
- IndustryInformation Technology, Application Development & Software Solutions, 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
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Business Activity of Gritsys Technologies Private Limited
The main business activity of Gritsys Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Gritsys Technologies Private Limited FY 2024 filings available
Gritsys Technologies Private Limited reported revenue of ₹33,702 (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gritsys Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 90% fall in the latest year. EBITDA fell 91% 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 Gritsys Technologies 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 | -₹12.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.16 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Gritsys Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Gritsys Technologies 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 Gritsys Technologies Private Limited
Gritsys Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Evanios Jobs Private Limited | ₹34,397 (FY 2024) | •••• | •••• | •••• | Kollam, Kerala, India | |
| Udipti Solutions Private Limited | ₹34,282 (FY 2025) | •••• | •••• | -94.0% | •••• | Ahmedabad, Gujarat, India |
| JKS Network (OPC) Private Limited | ₹33,900 (FY 2020) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Ermid Software Private Limited | ₹33,840 (FY 2025) | •••• | •••• | 2143.0% | •••• | Agra, Uttar Pradesh, India |
| Tech Rammila (OPC) Private Limited | ₹33,828 (FY 2023) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Gritsys Technologies Private Limited this company | ₹33,702 (FY 2025) | •••• | •••• | -90.0% | •••• | Chennai, Tamil Nadu, India |
| Zigames Infotech Private Limited | ₹33,680 (FY 2018) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Ackroll Ventures Private Limited | ₹33,676 (FY 2025) | •••• | •••• | -14.0% | •••• | Ahmedabad, Gujarat, India |
| Platinum Software Private Limited | ₹33,585 (FY 2025) | •••• | •••• | -49.0% | •••• | Motihari, Bihar, India |
| Cognity Info Solutions Private Limited | ₹33,540 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Wittier Software Solutions Private Limited | ₹33,535 (FY 2019) | •••• | •••• | -72.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Gritsys Technologies by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Gritsys Technologies Private Limited
Gritsys Technologies Private Limited is audited by P. SHANMUGARAJ & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. SHANMUGARAJ & 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 Gritsys Technologies Private Limited
Gritsys Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aravind Hosahalli Bhashyam | Director | 16 Nov 2011 | 14 Years 10 Months | Current |
| Rajendra Prasad Santhati Michael | Director | 16 Nov 2011 | 14 Years 10 Months | Current |
| Ammaiyappan Neminathan | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of Gritsys Technologies 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 Gritsys Technologies Private Limited
Gritsys Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gritsys Technologies Private Limited
Employment history and EPFO contributions of people linked to Gritsys Technologies.
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 Gritsys Technologies Private Limited
Gritsys Technologies Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Ammaiyappan Neminathan ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Gritsys Technologies 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 Gritsys Technologies 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 Gritsys Technologies 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 Gritsys Technologies Private Limited
Gritsys Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECG4678F2ZK | Tamil Nadu | Active | 10 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 Gritsys Technologies 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 Gritsys Technologies Private Limited
Gritsys Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 November 2011 (15+ years old) and is registered under CIN U72900TN2011PTC083170.
Gritsys Technologies reported revenue of ₹33,702 for FY 2025 (down 90% YoY).
Gritsys Technologies has 3 current directors:
- Aravind Hosahalli Bhashyam - Director
- Rajendra Prasad Santhati Michael - Director
- Ammaiyappan Neminathan - Director
Gritsys Technologies reported a net loss of ₹16.16 Lakh and EBITDA of -₹12.91 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gritsys Technologies is -42% over three years and -63% over five years. In the latest year (FY 2025) revenue fell 90%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gritsys Technologies is 33AAECG4678F2ZK, registered in Tamil Nadu. 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 Gritsys Technologies is U72900TN2011PTC083170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gritsys Technologies was incorporated on 16 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Gritsys Technologies by revenue are Evanios Jobs Private Limited, Udipti Solutions Private Limited, JKS Network (OPC) Private Limited, Ermid Software Private Limited, Tech Rammila (OPC) Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Ammaiyappan Neminathan ceased to be Additional Director on 29 Sep 2024. Ammaiyappan Neminathan was appointed as Director on 11 Mar 2024. Bindu Maddila ceased to be Director on 07 Apr 2012. Gritsys Technologies has 5 board changes on record in total.
Gritsys Technologies can be reached through the website gritsys.com. Its registered office is in Chennai, Tamil Nadu, India.