About Hyspace Technologies Private Limited
Data last updated:
Hyspace Technologies Private Limited is a private limited company based in Bengaluru, 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 12 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC134856. Its GSTIN is 29AAFCH2893A1ZL (Karnataka).
The company has an authorised share capital of ₹15.05 Lakh and a paid-up capital of ₹50,000. It is led by directors including Vinay Simha Krishnan Hemmige and Vishesh Vatsal.
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 Municipal Old No. 791 New No. 44 2nd Floor 9th Main Road 4th Block Jayanagar, Bengaluru, Karnataka, India – 560011.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.44 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹29.07 Lakh (net margin -20.2%) and EBITDA of -₹22.19 Lakh (EBITDA margin -15.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SkyServe.
For more details, the company can be reached via its website skyserve.ai.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMunicipal Old No. 791 New No. 44 2nd Floor 9th Main Road 4th Block Jayanagar, Bengaluru, Karnataka, India – 560011
- 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 Hyspace Technologies Private Limited
The main business activity of Hyspace Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Hyspace Technologies Private Limited FY 2025 filings available
Hyspace Technologies Private Limited reported revenue of ₹1.44 Cr (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hyspace Technologies Private Limited
Revenue fell 65% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA fell 142% 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 Hyspace Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹22.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹29.07 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Hyspace Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -20.2% | •••• | •••• | •••• | •••• |
| 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 Hyspace Technologies are in the company report.
Financial statements from FY 2021
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 Hyspace Technologies Private Limited
Hyspace Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Protogene Consulting Private Limited | •••• | •••• | •••• | •••• | - | Kalyan, Maharashtra, India |
| Xiphias Software Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Topgrep Tech Private Limited | •••• | •••• | •••• | •••• | 18 | Bengaluru, Karnataka, India |
| Lsatech Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Commit Technologies Private Limited | •••• | •••• | •••• | •••• | 10 | Mumbai, Maharashtra, India |
| Hyspace Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| SRH Technology Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Hiyas Software Private Limited | •••• | •••• | •••• | •••• | - | Madurai, Tamil Nadu, India |
| Authority Ventures Private Limited | •••• | •••• | •••• | •••• | - | S.A.S.Nagar (Mohali), Punjab, India |
| Qwy Software Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Amy Infosystems Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hyspace Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hyspace Technologies Private Limited
Hyspace Technologies Private Limited is audited by N J Suresh & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N J Suresh & Associates | 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 Hyspace Technologies Private Limited
Hyspace Technologies has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Simha Krishnan Hemmige | Director | 12 Jun 2020 | 6 Years 3 Months | Current |
| Vishesh Vatsal Also directs: Casimir Solutions LLP, Dfy Graviti Technologies Private Limited | Director | 12 Jun 2020 | 6 Years 3 Months | Current |
| Adithya Kothandhapani Also directs: Casimir Solutions LLP | Director | 01 Dec 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Hyspace 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 Hyspace Technologies Private Limited
Hyspace Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Hyspace Technologies Private Limited
Hyspace Technologies operates one associated brand: SkyServe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Onboard AI and edge computing for satellites are provided. | skyserve.ai |
Employees and EPFO Compliance at Hyspace Technologies Private Limited
Hyspace Technologies Private Limited has a workforce of 10 employees as of Dec 07, 2025.
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.
News related to Hyspace Technologies Private Limited
Recent Activity on Hyspace Technologies Private Limited
Hyspace Technologies Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Adithya Kothandhapani was appointed as Director on 01 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Hyspace 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 Hyspace 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 Hyspace 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 Hyspace Technologies Private Limited
Hyspace Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCH2893A1ZL | Karnataka | Active | 20 Oct 2022 |
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 Hyspace 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 Hyspace Technologies Private Limited
Hyspace Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 June 2020 (6+ years old) and is registered under CIN U72900KA2020PTC134856.
Hyspace Technologies reported revenue of ₹1.44 Cr for FY 2025 (down 65% YoY).
Hyspace Technologies has 3 current directors:
- Vinay Simha Krishnan Hemmige - Director
- Vishesh Vatsal - Director
- Adithya Kothandhapani - Director
Hyspace Technologies reported a net loss of ₹29.07 Lakh (net margin -20.2%) and EBITDA of -₹22.19 Lakh (EBITDA margin -15.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hyspace Technologies is 31% over three years. In the latest year (FY 2025) revenue fell 65%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hyspace Technologies is 29AAFCH2893A1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Hyspace Technologies is U72900KA2020PTC134856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hyspace Technologies was incorporated on 12 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hyspace Technologies by revenue are Protogene Consulting Private Limited, Xiphias Software Technologies Private Limited, Topgrep Tech Private Limited, Lsatech Private Limited, Commit Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Adithya Kothandhapani was appointed as Director on 01 Dec 2021. Vinay Simha Krishnan Hemmige was appointed as Director on 12 Jun 2020. Vishesh Vatsal was appointed as Director on 12 Jun 2020.
Yes, Hyspace Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).