Honest Data Technologies Private Limited
About Honest Data Technologies Private Limited
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Honest Data Technologies Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Banyan Cloud Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021FTC154806. Its GSTIN is 29AAGCH0592K1Z7 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Rajyalakshmi Venkataramana Gubburi and Nagesh Chandramouli Konduru.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Brigade Irv Centre Unit 803 Nalluru Halli Whitefiled, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.86 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹33.4 Lakh (net margin 4.9%) and EBITDA of ₹51.62 Lakh (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 190% over three years.
The company has about 36 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressBrigade Irv Centre Unit 803 Nalluru Halli Whitefiled, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Honest Data Technologies Private Limited
The main business activity of Honest Data Technologies is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical 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 Honest Data Technologies Private Limited FY 2025 filings available
Honest Data Technologies Private Limited reported revenue of ₹6.86 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Honest Data Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 190% over three years, including 4% growth in the latest year. EBITDA fell 46% 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 Honest Data Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹51.62 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33.4 Lakh | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Honest Data Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• |
| Net Profit Margin | 4.9% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
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 Honest Data Technologies are in the company report.
Financial statements from FY 2022
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 Honest Data Technologies Private Limited
Honest Data Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Engauge India Private Limited | ₹6.87 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Mumbai, Maharashtra, India |
| Zenius IT Services Private Limited | ₹6.87 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
| Sopan Infotech Private Limited | ₹6.87 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Surat, Gujarat, India |
| Diligence Bio Private Limited | ₹6.86 Cr (FY 2024) | •••• | •••• | 80.0% | •••• | Chennai, Tamil Nadu, India |
| Adhyapeeth Engineering Private Limited | ₹6.86 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Verna, Goa, India |
| Honest Data Technologies Private Limited this company | ₹6.86 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Moserp Technologies India Private Limited | ₹6.85 Cr (FY 2025) | •••• | •••• | 255.0% | •••• | Bangalore, Karnataka, India |
| Shirish Patel and Associates Consultants Private Limited | ₹6.85 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| R.P. Patel Shipping & Logistics Private Limited | ₹6.85 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Mumbai, Maharashtra, India |
| Pingahla Solutions Private Limited | ₹6.85 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Pune, Maharashtra, India |
| Micro Clinical Laboratory & Diagnostic Centre Private Limited | ₹6.85 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Basudevpur, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Honest Data Technologies by revenue in the same principal business activity (Other professional, scientific and technical activities), 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 Honest Data Technologies Private Limited
Honest Data Technologies Private Limited is audited by MDA & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA & 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 Honest Data Technologies Private Limited
Honest Data Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajyalakshmi Venkataramana Gubburi Also directs: Banyan Data Services India Private Limited | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Nagesh Chandramouli Konduru Also directs: Banyan Data Services India Private Limited | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Chandramouli Chandra Mohan Konduru | Director | 07 Mar 2022 | 4 Years 7 Months | Current |
Ownership and Shareholding of Honest Data 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 Honest Data Technologies Private Limited
Honest Data Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Honest Data Technologies Private Limited
Honest Data Technologies Private Limited has a workforce of 36 employees as of Mar 28, 2024.
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 Honest Data Technologies Private Limited
Honest Data Technologies Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Chandramouli Chandra Mohan Konduru ceased to be Additional Director on 31 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Honest Data 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 Honest Data 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 Honest Data 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 Honest Data Technologies Private Limited
Honest Data Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCH0592K1Z7 | Karnataka | Active | 01 Jan 2022 |
| 36AAGCH0592K1ZC | Telangana | Active | 20 Apr 2024 |
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 Honest Data 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 Honest Data Technologies Private Limited
Honest Data Technologies is an active foreign 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 24 November 2021 (5+ years old) and is registered under CIN U72900KA2021FTC154806.
Honest Data Technologies reported revenue of ₹6.86 Cr for FY 2025 (up 4% YoY).
Honest Data Technologies has 3 current directors:
- Rajyalakshmi Venkataramana Gubburi - Director
- Nagesh Chandramouli Konduru - Director
- Chandramouli Chandra Mohan Konduru - Director
Honest Data Technologies reported a net profit of ₹33.4 Lakh (net margin 4.9%) and EBITDA of ₹51.62 Lakh (EBITDA margin 7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Honest Data Technologies is 190% over three years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Honest Data Technologies is 29AAGCH0592K1Z7, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAGCH0592K1ZC (Telangana).
The CIN (Corporate Identification Number) of Honest Data Technologies is U72900KA2021FTC154806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honest Data Technologies was incorporated on 24 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Honest Data Technologies by revenue are Engauge India Private Limited, Zenius IT Services Private Limited, Sopan Infotech Private Limited, Diligence Bio Private Limited, Adhyapeeth Engineering Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Chandramouli Chandra Mohan Konduru ceased to be Additional Director on 31 Oct 2022. Chandramouli Chandra Mohan Konduru was appointed as Director on 07 Mar 2022. Nagesh Chandramouli Konduru was appointed as Director on 24 Nov 2021. Honest Data Technologies has 4 board changes on record in total.
The registered office of Honest Data Technologies is at Brigade Irv Centre Unit 803 Nalluru Halli Whitefiled, Bangalore, Karnataka, India – 560066.