About Ibit Technologies Private Limited
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Ibit Technologies Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U30006KA2006FTC039682. Its GSTIN is 29AABCI5461M1Z5 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hiriyur Govindappa Mamatha (Whole-Time Director) and Thadakalur Sannaveeraiah Shivamurthy.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.16A 9th Cross 1st Main 2nd Stage West Of Cord Road Mahalakshmipuram, Bengaluru, Karnataka, India – 560086.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.02 Lakh (net margin -3.5%) and EBITDA of -₹4.81 Lakh (EBITDA margin -3.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 19% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: iBit Technologies. As per MCA filings, the company has open charges of ₹4.2 Cr on record. Court records list 81 cases involving the company, including 3 filed by the company and 78 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ibittechnologies.com.
Company details
Contact details
Ibit Technologies Private Limited's registered office is in Bengaluru, Karnataka. Its website is ibittechnologies.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.16A 9th Cross 1st Main 2nd Stage West Of Cord Road Mahalakshmipuram, Bengaluru, Karnataka, India – 560086
- IndustryEnergy and Power, Power Equipment Manufacturers, BoP & BTG Services, Power EPC
To see the full contact details of Ibit Technologies 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
Brands
Ibit Technologies operates one associated brand: iBit Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Focuses on application development, delivering custom software solutions to clients. | ibittechnologies.com |
Business activity
The main business activity of Ibit Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ibit Technologies Private Limited, buy the company report.
Financials of Ibit Technologies Private Limited
FY 2022 filings availableIbit Technologies Private Limited reported revenue of ₹1.44 Cr (up 1762% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years. EBITDA rose 87% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹4.81 Lakh | ||||
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| Net Profit (PAT) | -₹5.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -3.3% | ||||
| Net Profit Margin | -3.5% | ||||
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To see the full financial statements and ratios of Ibit Technologies Private Limited, buy the company report.
Board of directors of Ibit Technologies Private Limited
Ibit Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thadakalur Sannaveeraiah Shivamurthy Also directs: Benaka Switchgear Private Limited | Director | 12 Jun 2006 | 20 Years 4 Months | Current |
| Hiriyur Govindappa Mamatha Also directs: Benaka Switchgear Private Limited | Whole-Time Director | 12 Jun 2006 | 20 Years 4 Months | Current |
Auditor
Ibit Technologies Private Limited is audited by YATHIRAJ & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YATHIRAJ & CO | FY 2018 | 008919S |
Shareholding
The shareholding of Ibit Technologies Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ibit Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2016 | 100030336 | Others | ₹1 Cr | Open | |
| 04 Dec 2015 | 10606627 | The Karnataka Bank Limited | ₹50 Lakh | Open | |
| 11 Nov 2009 | 10192710 | The Karnataka Bank Limited | ₹35 Lakh | Open | |
| 01 Jul 2009 | 10171216 | Others | ₹2.35 Cr | Open |
To see the full charge records of Ibit Technologies Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ibit Technologies Private Limited has 81 court cases on record: 3 filed by Ibit Technologies, 78 filed against it. 6 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 77 | 5 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Appeal | Filed by the company against M/S Kirloskar Electric Company Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Integra Electromechanical Solutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Synergy Realcon Pvt Ltd | Disposed |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by Ms Kirloskar Electric Co. Ltd., Rby Sr. Manager | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
To see the full case history of Ibit Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ibit Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ibit Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI5461M1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ibit Technologies Private Limited, buy the company report.
Recent activity
Ibit Technologies Private Limited has 2 board changes on record since 2006: 2 appointments. The latest: Hiriyur Govindappa Mamatha was appointed as Whole-Time Director on 12 Jun 2006.
Frequently asked questions
Ibit Technologies is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 June 2006 (20+ years old) and is registered under CIN U30006KA2006FTC039682.
Ibit Technologies has 2 current directors:
- Hiriyur Govindappa Mamatha - Whole-Time Director
- Thadakalur Sannaveeraiah Shivamurthy - Director
The latest financial statements of Ibit Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Ibit Technologies is 29AABCI5461M1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Ibit Technologies is U30006KA2006FTC039682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibit Technologies has 81 court cases on record: 3 filed by the company and 78 filed against it. 6 are pending. Most are in the district courts.
Ibit Technologies was incorporated on 12 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Hiriyur Govindappa Mamatha was appointed as Whole-Time Director on 12 Jun 2006. Thadakalur Sannaveeraiah Shivamurthy was appointed as Director on 12 Jun 2006.
Ibit Technologies can be reached through the website ibittechnologies.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Ibit Technologies is at No.16A 9th Cross 1st Main 2nd Stage West Of Cord Road Mahalakshmipuram, Bengaluru, Karnataka, India – 560086.