Hitforward Business Solutions Private Limited
About Hitforward Business Solutions Private Limited
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Hitforward Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC108108. Its GSTIN is 29AAECH3684A1ZN (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Madhura Subhash Nayak and Poornima Krishnamurthy Nayak.
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. 690 G Floor 11th B Cross 32nd Main Road J P Nagar 1st Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.33 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹51,639 (net margin -4.6%) and EBITDA of -₹50,898 (EBITDA margin -4.5%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hitforward Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 690 G Floor 11th B Cross 32nd Main Road J P Nagar 1st Phase, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Hitforward Business Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Hitforward Business Solutions 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 | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Hitforward Business Solutions Private Limited, buy the company report.
Financials of Hitforward Business Solutions Private Limited
FY 2025 filings availableHitforward Business Solutions Private Limited reported revenue of ₹11.33 Lakh (down 84% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 84% fall in the latest year. EBITDA fell 174% 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
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| EBITDA | -₹50,898 | ||||
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| Net Profit (PAT) | -₹51,639 | ||||
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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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| EBITDA Margin | -4.5% | ||||
| Net Profit Margin | -4.6% | ||||
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To see the full financial statements and ratios of Hitforward Business Solutions Private Limited, buy the company report.
Board of directors of Hitforward Business Solutions Private Limited
Hitforward Business Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhura Subhash Nayak | Director | 22 Nov 2017 | 8 Years 11 Months | Current |
| Poornima Krishnamurthy Nayak | Director | 22 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Hitforward Business Solutions Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Hitforward Business Solutions Private Limitedthis company | ₹11.33 Lakh (FY 2024) | -₹51,639 | -4.6% | -84.0% | Bangalore, Karnataka, India | |
| Codebun Technology Solutions Private Limited | ₹11.33 Lakh (FY 2024) | -35.0% | Indore, Madhya Pradesh, India | |||
| Magassians Voip Private Limited | ₹11.33 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Bandiz Technoz Private Limited | ₹11.33 Lakh (FY 2025) | 87.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Hitforward Business Solutions Private Limited, buy the company report.
Shareholding
The shareholding of Hitforward Business Solutions Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Hitforward Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Hitforward Business Solutions 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 Hitforward Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hitforward Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3684A1ZN | Karnataka | Active | 16 Aug 2020 |
To see the full GST registrations and return filing status of Hitforward Business Solutions Private Limited, buy the company report.
Recent activity
Hitforward Business Solutions Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Madhura Subhash Nayak was appointed as Director on 22 Nov 2017.
Frequently asked questions
Hitforward Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 November 2017 (9+ years old) and is registered under CIN U72900KA2017PTC108108.
Hitforward Business Solutions has 2 current directors:
- Madhura Subhash Nayak - Director
- Poornima Krishnamurthy Nayak - Director
The latest financial statements of Hitforward Business Solutions 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 Hitforward Business Solutions is 29AAECH3684A1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Hitforward Business Solutions is U72900KA2017PTC108108. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hitforward Business Solutions was incorporated on 22 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hitforward Business Solutions by revenue are Codebun Technology Solutions Private Limited, Magassians Voip Private Limited, Bandiz Technoz Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Madhura Subhash Nayak was appointed as Director on 22 Nov 2017. Poornima Krishnamurthy Nayak was appointed as Director on 22 Nov 2017.
The registered office of Hitforward Business Solutions is at No. 690 G Floor 11th B Cross 32nd Main Road J P Nagar 1st Phase, Bangalore, Karnataka, India – 560078.
Hitforward Business Solutions operates in the information technology industry, in the IT consulting and support services segment.
The compliance status of Hitforward Business Solutions is compliant as of 10 July 2026. The company is actively filing with the Registrar of Companies.