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Himagiri Systems Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.88 Cr
▼ 42% YoY
Net profit · FY 2024
₹8.81 Lakh
Net margin 4.7%
EBITDA · FY 2024
₹17.18 Lakh
EBITDA margin 9.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Himagiri Systems Private Limited
Data last updated:
Himagiri Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC107863. Its GSTIN is 29AAECH3595C1ZH (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Ravani Nagaraju Raghavendra and Olety Sathynarayana Kiran.
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 004 2/2 Prakruthiganga Apartment Mla Layout Muthappa Block Ganganagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.88 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹8.81 Lakh (net margin 4.7%) and EBITDA of ₹17.18 Lakh (EBITDA margin 9.1%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 24% over five years.
The company is associated with 1 brand: Himagiri Systems.
Himagiri Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0102499). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website himagirisys.com.
Company details
CIN U72900KA2017PTC107863
Registration Number 107863
Incorporation Date 14 November 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0102499
Recognitions & Rankings of Himagiri Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0102499
Contact details
Himagiri Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is himagirisys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address004 2/2 Prakruthiganga Apartment Mla Layout Muthappa Block Ganganagar, Bangalore, Karnataka, India – 560032
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Himagiri Systems Private Limited, buy the company report.
Comprehensive company report
Himagiri Systems 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
Himagiri Systems operates one associated brand: Himagiri Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides software development, data storage, and related services. | himagirisys.com |
Business activity
The main business activity of Himagiri Systems is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Himagiri Systems Private Limited, buy the company report.
Financials of Himagiri Systems Private Limited
FY 2025 filings availableHimagiri Systems Private Limited reported revenue of ₹1.88 Cr (down 42% YoY) for FY 2024.
Revenue · FY 2024
₹1.88 Cr ▼ 42%
Net profit · FY 2024
₹8.81 Lakh margin 4.7%
EBITDA · FY 2024
₹17.18 Lakh margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 23%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 26%
5 years · compounded
▼ 4%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 42% fall in the latest year. EBITDA fell 25% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹17.18 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹8.81 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Himagiri Systems Private Limited, buy the company report.
Board of directors of Himagiri Systems Private Limited
Himagiri Systems 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 |
|---|---|---|---|---|
| Olety Sathynarayana Kiran | Additional Director | 24 Feb 2024 | 2 Years 8 Months | Current |
| Ravani Nagaraju Raghavendra Also directs: Belagavi Aviation and Sports Enterprises LLP, Crats Infotech India Private Limited, Himagiri Aviation Private Limited and 1 more | Director | 14 Nov 2017 | 8 Years 11 Months | Current |
Legal cases
No court or tribunal cases involving Himagiri Systems 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 Himagiri Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Himagiri Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3595C1ZH | Karnataka | Active | 04 Jan 2018 |
To see the full GST registrations and return filing status of Himagiri Systems Private Limited, buy the company report.
Recent activity
Himagiri Systems Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Shettyhally Gowda Devegowda Narayana ceased to be Director on 10 May 2024.
AGM
Himagiri Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Himagiri Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Shettyhally Gowda Devegowda Narayana ceased to be Director.
Ceased
Budigere Chandra Gupta Deepa ceased to be Director.
Appointed
Olety Sathynarayana Kiran was appointed as Additional Director.
Appointed
Ravani Nagaraju Raghavendra was appointed as Director.
Incorporation
14 Nov 2017
Himagiri Systems Private Limited was registered on 14 Nov 2017 with Roc Bangalore & aged 8 years 11 months as per MCA records.
Frequently asked questions
Himagiri Systems 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 14 November 2017 (9+ years old) and is registered under CIN U72900KA2017PTC107863.
Himagiri Systems has 2 current directors:
- Olety Sathynarayana Kiran - Additional Director
- Ravani Nagaraju Raghavendra - Director
The latest financial statements of Himagiri Systems 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 2018 are in the company report.
The GSTIN of Himagiri Systems is 29AAECH3595C1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Himagiri Systems is U72900KA2017PTC107863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Himagiri Systems was incorporated on 14 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Shettyhally Gowda Devegowda Narayana ceased to be Director on 10 May 2024. Budigere Chandra Gupta Deepa ceased to be Director on 24 Feb 2024. Olety Sathynarayana Kiran was appointed as Additional Director on 24 Feb 2024. Himagiri Systems has 4 board changes on record in total.
Yes, Himagiri Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Himagiri Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0102499).
Himagiri Systems can be reached through the website himagirisys.com. Its registered office is in Bangalore, Karnataka, India.
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