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Huwats India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.42 Cr
▲ 20% YoY
Net profit · FY 2024
₹17.78 Lakh
Net margin 12.5%
EBITDA · FY 2024
₹21.77 Lakh
EBITDA margin 15.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2.25 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Huwats India Private Limited
Data last updated:
Huwats India 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 27 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2017PTC107478. Its GSTIN is 29AAECH3474J1Z8 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.25 Lakh. It is led by directors including Nagarajan Perumal and Prashanth Kuppur Prasad.
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 3547A Girinagar Bsk 3rd Stage, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.42 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹17.78 Lakh (net margin 12.5%) and EBITDA of ₹21.77 Lakh (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 72% over five years.
The company is associated with 3 brands: Huwats, CodeNinja and Apto.ai.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website huwats.com.
Company details
CIN U72501KA2017PTC107478
Registration Number 107478
Incorporation Date 27 October 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Huwats India
Contact details
Huwats India Private Limited's registered office is in Bangalore, Karnataka. Its website is huwats.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 3547A Girinagar Bsk 3rd Stage, Bangalore, Karnataka, India – 560085
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Huwats India Private Limited, buy the company report.
Comprehensive company report
Huwats India 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
Huwats India operates multiple associated brands including Huwats, CodeNinja, and Apto.ai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered applicant tracking system for hiring processes is provided. | huwats.com | |
| Platform offering low code application development software | codeninja.ai | |
| Software development is automated via a no-code platform. | apto.ai |
Business activity
The main business activity of Huwats India 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 | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Huwats India Private Limited, buy the company report.
Financials of Huwats India Private Limited
FY 2025 filings availableHuwats India Private Limited reported revenue of ₹1.42 Cr (up 20% YoY) for FY 2024.
Revenue · FY 2024
₹1.42 Cr ▲ 20%
Net profit · FY 2024
₹17.78 Lakh margin 12.5%
EBITDA · FY 2024
₹21.77 Lakh margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 26%
5 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▲ 212%
3 years · compounded
▲ 35%
5 years · compounded
▲ 104%
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 20% growth in the latest year. EBITDA rose 212% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 12.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Huwats India Private Limited, buy the company report.
Board of directors of Huwats India Private Limited
Huwats India has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagarajan Perumal Also directs: J3 Evergreen Private Limited | Director | 01 Aug 2025 | 1 Years 3 Months | Current |
| Prashanth Kuppur Prasad Also directs: Techscient.Ai Private Limited, Neuralzeal.Ai Private Limited | Director | 27 Oct 2017 | 9 Years 0 Months | Current |
| Richhpal | Director | 01 Aug 2025 | 1 Years 3 Months | Current |
| Deepak Kalhan Also directs: Techscient.Ai Private Limited, Mofohp Dynamics Private Limited | Director | 13 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Huwats India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Atlas Technosoft Private Limited | ₹1.42 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India | |||
| Ekaa Tech IT Solutions Private Limited | ₹1.42 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Nexmatics Private Limited | ₹1.42 Cr (FY 2023) | 98.0% | Coimbatore, Tamil Nadu, India | |||
| Binary Communications Private Limited | ₹1.42 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| SRR Technologies Private Limited | ₹1.42 Cr (FY 2024) | -52.0% | Delhi, India | |||
| Huwats India Private Limitedthis company | ₹1.42 Cr (FY 2024) | ₹17.78 Lakh | 12.5% | 20.0% | Bangalore, Karnataka, India | |
| Peddle Digitals Private Limited | ₹1.42 Cr (FY 2025) | -36.0% | Bangalore, Karnataka, India | |||
| QB Tech Infosystems Private Limited | ₹1.42 Cr (FY 2024) | 61.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Huwats India Private Limited, buy the company report.
Auditor
Huwats India Private Limited is audited by LAKHOTIA GUPTA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAKHOTIA GUPTA & COMPANY | FY 2023 | 017681C |
Shareholding
The shareholding of Huwats India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Huwats India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Huwats India 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 Huwats India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Huwats India Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Huwats India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3474J1Z8 | Karnataka | Active | 06 Mar 2018 |
To see the full GST registrations and return filing status of Huwats India Private Limited, buy the company report.
Recent activity
Huwats India Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Nagarajan Perumal ceased to be Additional Director on 04 Aug 2025.
AGM
Huwats India Private Limited last Annual general meeting of members was held on 05 Aug 2025 as per latest MCA records.
Ceased
Nagarajan Perumal ceased to be Additional Director.
Appointed
Nagarajan Perumal was appointed as Director.
Appointed
Richhpal was appointed as Director.
Filing
Huwats India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Richhpal ceased to be Director.
Ceased
Deepak Kalhan ceased to be Additional Director.
Appointed
Deepak Kalhan was appointed as Director.
Ceased
Saurabh Kukreti ceased to be Director.
Ceased
Rajasekhara Reddy Guvvala ceased to be Director.
Ceased
Ishan Naithani ceased to be Director.
Appointed
Prashanth Kuppur Prasad was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Huwats India 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 27 October 2017 (9+ years old) and is registered under CIN U72501KA2017PTC107478.
Huwats India has 4 current directors:
- Nagarajan Perumal - Director
- Prashanth Kuppur Prasad - Director
- Richhpal - Director
- Deepak Kalhan - Director
The latest financial statements of Huwats India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 August 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Huwats India is 29AAECH3474J1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Huwats India is U72501KA2017PTC107478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Huwats India was incorporated on 27 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Huwats India by revenue are Atlas Technosoft Private Limited, Ekaa Tech IT Solutions Private Limited, Nexmatics Private Limited, Binary Communications Private Limited, SRR Technologies Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Nagarajan Perumal ceased to be Additional Director on 04 Aug 2025. Nagarajan Perumal was appointed as Director on 01 Aug 2025. Richhpal was appointed as Director on 01 Aug 2025. Huwats India has 10 board changes on record in total.
Yes, Huwats India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Huwats India can be reached through the website huwats.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Huwats India is at No 3547A Girinagar Bsk 3rd Stage, Bangalore, Karnataka, India – 560085.
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