About Growvy Technology Private Limited
Data last updated:
Growvy Technology Private Limited is a private limited company based in Cuttack, Odisha, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2013PTC016879. Its GSTIN is 21AAFCG2232C1ZH (Odisha).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Grow Swiftly Technologies Private Limited. It is led by directors Sumit Kumar Kar (Managing Director) and Itishree Dash.
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 A/2 Mahanadi Vihar, Cuttack, Odisha, India – 753004.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.27 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹2.87 Lakh (net margin 1.3%) and EBITDA of ₹48.15 Lakh (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹86.27 Lakh and satisfied charges of ₹16.28 Lakh on record. Court records list 7 cases involving the company, including 7 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website growvy.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA/2 Mahanadi Vihar, Cuttack, Odisha, India – 753004
- 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 Growvy Technology Private Limited
The main business activity of Growvy Technology 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 | J6 | 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 Growvy Technology Private Limited FY 2024 filings available
Growvy Technology Private Limited reported revenue of ₹2.27 Cr (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Growvy Technology Private Limited
Revenue fell 54% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA rose 2% 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 Growvy Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | 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 | ₹48.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.87 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Growvy Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Growvy Technology 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 Growvy Technology Private Limited
Growvy Technology 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 |
|---|---|---|---|---|---|---|
| Silvaco India Private Limited | ₹2.28 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Arpita Infotech Private Limited | ₹2.28 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Scan-Sion Solutions Private Limited | ₹2.28 Cr (FY 2025) | •••• | •••• | 1655.0% | •••• | Coimbatore, Tamil Nadu, India |
| Netcare Computers Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Chennai, Tamil Nadu, India |
| Whitecube Solutions Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Bangalore, Karnataka, India |
| Growvy Technology Private Limited this company | ₹2.27 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Cuttack, Odisha, India |
| Parcelhero Technologies Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | New Delhi, Delhi, India |
| Microsense Wireless Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Chennai, Tamil Nadu, India |
| U S High-Tech Engineering Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Mumbai, Maharashtra, India |
| Cogtest Services Private Limited | ₹2.26 Cr (FY 2022) | •••• | •••• | -8.0% | •••• | Haryana, India |
| Absolute Web Ranking Private Limited | ₹2.26 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Growvy Technology 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 Growvy Technology Private Limited
Growvy Technology Private Limited is audited by GOUTAM & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOUTAM & 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 Growvy Technology Private Limited
Growvy Technology has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Itishree Dash | Director | 06 Jan 2017 | 9 Years 9 Months | Current |
| Sumit Kumar Kar | Managing Director | 17 May 2013 | 13 Years 4 Months | Current |
Ownership and Shareholding of Growvy Technology 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 Growvy Technology Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Nov 2023 | Others | ₹23 Lakh | Open |
| 09 Oct 2023 | Others | ₹25 Lakh | Open |
| 29 Jul 2022 | Hdfc Bank Limited | ₹38.27 Lakh | Open |
| 19 Jun 2020 | Others | ₹2.6 Lakh | Satisfied |
| 27 Dec 2019 | Others | ₹13.68 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Growvy Technology Private Limited
Growvy Technology Private Limited has 7 court cases on record: 7 filed against it. 2 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 2 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by Cholamandalam Investment and Finance Company Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Private Limited | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Growvy Technology Private Limited
Employment history and EPFO contributions of people linked to Growvy Technology.
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 Growvy Technology Private Limited
Growvy Technology Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Itishree Dash ceased to be Additional Director on 29 Sep 2017.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Growvy Technology 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 Growvy Technology 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 Growvy Technology 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 Growvy Technology Private Limited
Growvy Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCG2232C1ZH | Odisha | Active | 11 Nov 2019 |
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 Growvy Technology 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 Growvy Technology Private Limited
Growvy Technology is an active private limited company based in Cuttack, Odisha, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 May 2013 (13+ years old) and is registered under CIN U72200OR2013PTC016879.
Growvy Technology reported revenue of ₹2.27 Cr for FY 2024 (down 54% YoY).
Growvy Technology has 2 current directors:
- Sumit Kumar Kar - Managing Director
- Itishree Dash - Director
Growvy Technology reported a net profit of ₹2.87 Lakh (net margin 1.3%) and EBITDA of ₹48.15 Lakh (EBITDA margin 21.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Growvy Technology is -7% over three years and 31% over five years. In the latest year (FY 2024) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Growvy Technology is 21AAFCG2232C1ZH, registered in Odisha.
The CIN (Corporate Identification Number) of Growvy Technology is U72200OR2013PTC016879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Growvy Technology has 7 court cases on record: 7 filed against it. 2 are pending.
Growvy Technology was incorporated on 17 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Growvy Technology by revenue are Silvaco India Private Limited, Arpita Infotech Private Limited, Scan-Sion Solutions Private Limited, Netcare Computers Private Limited, Whitecube Solutions Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Itishree Dash ceased to be Additional Director on 29 Sep 2017. Sachidananda Pradhan ceased to be Director on 09 Jan 2017. Amit Kumar Kar ceased to be Director on 06 Jan 2017. Growvy Technology has 5 board changes on record in total.