DPIIT recognised startup Government of India
Startup India
Heart IT Out Private Limited - education in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.01 Cr
▼ 4% YoY
Net loss · FY 2024
₹1.85 Lakh
Net margin -0.9%
EBITDA · FY 2024
-₹1.53 Lakh
EBITDA margin -0.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
25
Provident fund records
Directors on board
2
As per MCA filings
About Heart IT Out Private Limited
Data last updated:
Heart IT Out Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the corporate training and development segment of the education sector. It was incorporated on 27 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100KA2021PTC152330. Its GSTIN is 29AAFCH9658B1ZA (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ritesh Mohan Krishna and Syed Taha Abbas Zaidi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No – 42 Second Floor 7th B Cross 4th B Block, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.01 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.85 Lakh (net margin -0.9%) and EBITDA of -₹1.53 Lakh (EBITDA margin -0.8%).
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Heart It Out.
Heart IT Out Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0117393). For more details, the company can be reached via its website heartitout.in.
Company details
CIN U85100KA2021PTC152330
Registration Number 152330
Incorporation Date 27 September 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0117393
Recognitions & Rankings of Heart IT Out
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-03-0117393
Contact details
Heart IT Out Private Limited's registered office is in Bangalore, Karnataka. Its website is heartitout.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo – 42 Second Floor 7th B Cross 4th B Block, Bangalore, Karnataka, India – 560034
- IndustryEducation, Corporate Training & Development
To see the full contact details of Heart IT Out Private Limited, buy the company report.
Comprehensive company report
Heart IT Out 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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Brands
Heart IT Out operates one associated brand: Heart It Out. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an online counseling platform providing accessible mental health services to individuals. | heartitout.in |
Business activity
The main business activity of Heart IT Out 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 Heart IT Out Private Limited, buy the company report.
Financials of Heart IT Out Private Limited
FY 2025 filings availableHeart IT Out Private Limited reported revenue of ₹2.01 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹2.01 Cr ▼ 4%
Net loss · FY 2024
₹1.85 Lakh margin -0.9%
EBITDA · FY 2024
-₹1.53 Lakh margin -0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
EBITDA CAGR growth
1 year
▲ 80%
Revenue fell 4% in the latest year. EBITDA rose 80% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹2.01 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.53 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.85 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.8% | ||
| Net Profit Margin | -0.9% | ||
| 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 | |||
To see the full financial statements and ratios of Heart IT Out Private Limited, buy the company report.
Board of directors of Heart IT Out Private Limited
Heart IT Out 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 |
|---|---|---|---|---|
| Ritesh Mohan Krishna | Director | 26 Mar 2024 | 2 Years 7 Months | Current |
| Syed Taha Abbas Zaidi | Director | 27 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Heart IT Out Private Limited is audited by CHANDAN HEGDE AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDAN HEGDE AND ASSOCIATES | FY 2024 | 013013S |
Shareholding
The shareholding of Heart IT Out Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Heart IT Out Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Heart IT Out 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 Heart IT Out Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Heart IT Out Private Limited has a workforce of 25 employees on its EPFO records as of Jan 12, 2025, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
Employee growth
-24.24%
GST
Heart IT Out has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCH9658B1ZA | Karnataka | Active | 29 Oct 2021 |
To see the full GST registrations and return filing status of Heart IT Out Private Limited, buy the company report.
Recent activity
Heart IT Out Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Ritesh Mohan Krishna ceased to be Additional Director on 29 Sep 2024.
AGM
Heart It Out Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Heart It Out Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ritesh Mohan Krishna ceased to be Additional Director.
Ceased
Nithya Jayanth Rao ceased to be Director.
Appointed
Ritesh Mohan Krishna was appointed as Director.
Appointed
Syed Taha Abbas Zaidi was appointed as Director.
Incorporation
27 Sep 2021
Heart It Out Private Limited was registered on 27 Sep 2021 with Roc Bangalore & aged 5 years 1 month as per MCA records.
Frequently asked questions
Heart IT Out is an active private limited company based in Bangalore, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 27 September 2021 (5+ years old) and is registered under CIN U85100KA2021PTC152330.
Heart IT Out has 2 current directors:
- Ritesh Mohan Krishna - Director
- Syed Taha Abbas Zaidi - Director
The latest financial statements of Heart IT Out on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Heart IT Out is 29AAFCH9658B1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Heart IT Out is U85100KA2021PTC152330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heart IT Out was incorporated on 27 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Ritesh Mohan Krishna ceased to be Additional Director on 29 Sep 2024. Nithya Jayanth Rao ceased to be Director on 03 Apr 2024. Ritesh Mohan Krishna was appointed as Director on 26 Mar 2024. Heart IT Out has 4 board changes on record in total.
Yes, Heart IT Out is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Heart IT Out is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0117393).
Heart IT Out can be reached through the website heartitout.in. Its registered office is in Bangalore, Karnataka, India.
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