About Incanus Technologies Private Limited
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Incanus Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 20 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80100KA2018PTC115606. Its GSTIN is 29AAECI9629L1ZU (Karnataka).
The company has an authorised share capital of ₹1.26 Cr and a paid-up capital of ₹1.04 Cr. It is led by directors Siddharth Maheshwari and Nishant Chandra.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.88 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹49.74 Cr (net margin -156%) and EBITDA of -₹48.48 Cr (EBITDA margin -152.1%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years and 299% over five years.
The company has about 224 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Newton School and The Bolo App. As per MCA filings, the company has open charges of ₹10.08 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹234.86 Cr; the latest was in April 2022. Its 10 peer companies in the Education industry (Education Technology) are compared by revenue, 5 larger and 5 smaller; the largest is Edutech India Private Limited with revenue of ₹37.48 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theboloapp.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 2 26 27 And 3 Sona Towers 2nd Floor Krishna Nagar Industrial Layout, Adugodi Hosur Road, Bangalore, Karnataka, India – 560029
- IndustryInternet, Online Education & Learning Platforms
- 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 Incanus Technologies Private Limited
The main business activity of Incanus Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Incanus Technologies Private Limited FY 2025 filings available
Incanus Technologies Private Limited reported revenue of ₹31.88 Cr (up 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Incanus Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 299% over five years, including 31% growth in the latest year. EBITDA fell 164% 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 Incanus Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹48.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹49.74 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Incanus Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -152.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -156% | •••• | •••• | •••• | •••• |
| 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 Incanus Technologies are in the company report.
Financial statements from FY 2019
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 Incanus Technologies Private Limited
Incanus Technologies Private Limited is compared with the companies closest to it by revenue in the Education industry (Education Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Edutech India Private Limited | ₹37.48 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Ideal Experiential Learning Private Limited | ₹36.91 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Ahmedabad, Gujarat, India |
| Additional Skill Acquisition Programme Kerala | ₹36.01 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Thiruvananthapuram, Kerala, India |
| Manthan Educational Solutions Private Limited | ₹34.81 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Pineham Learning and Technology Solutions Private Limited | ₹34.72 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Incanus Technologies Private Limited this company | ₹31.88 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Magic Cube Limited | ₹31.25 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Birpur, Gujarat, India |
| Veranda K-12 Learning Solutions Private Limited | ₹30.99 Cr (FY 2025) | •••• | •••• | 216.0% | •••• | Chennai, Tamil Nadu, India |
| Graphy Labs Private Limited | ₹30.24 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Bangalore, Karnataka, India |
| Tif Labs Private Limited | ₹29.82 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
| Creanovation Technologies Private Limited | ₹28.76 Cr (FY 2024) | •••• | •••• | 124.0% | •••• | Bhubaneswar, Odisha, India |
Peers are the five companies nearest above and the five nearest below Incanus Technologies by revenue in the Education industry (Education Technology), 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 Incanus Technologies Private Limited
Incanus Technologies Private Limited is audited by MSKA & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MSKA & 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 Incanus Technologies Private Limited
Incanus Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Maheshwari | Director | 20 Aug 2018 | 8 Years 1 Months | Current |
| Nishant Chandra | Director | 20 Aug 2018 | 8 Years 1 Months | Current |
Ownership and Shareholding of Incanus 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 Incanus Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2025 | Others | ₹10.08 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Incanus Technologies Private Limited
Incanus Technologies Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹234.86 Cr; the latest was in April 2022.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round · Series B | ₹189.27 Cr | Investors: Steadview Capital, Nexus Venture Partners, RTP Global |
| Feb 2021 | Funding round · Series A | ₹36.64 Cr | Investors: RTP Global, Nexus Venture Partners, Angel List |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Incanus Technologies Private Limited
Incanus Technologies Private Limited has 2 court cases on record: 2 filed by Incanus Technologies. 1 case is pending and 1 is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Matar Media LLP | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Matar Media LLP | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Incanus Technologies Private Limited
Incanus Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 4 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Consocia Advisory Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Incanus Technologies Private Limited
Incanus Technologies operates two associated brands: Newton School and The Bolo App. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online technology education programs are provided with placement assistance. | newtonschool.co | |
| The Bolo App is focused on architectural software solutions. | theboloapp.com |
Employees and EPFO Compliance at Incanus Technologies Private Limited
Incanus Technologies Private Limited has a workforce of 224 employees as of Mar 30, 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.
CIN History of Incanus Technologies Private Limited
Incanus Technologies has one previous CIN (Corporate Identification Number): U72200KA2018PTC115606. The current CIN is U80100KA2018PTC115606, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80100KA2018PTC115606 | Current |
| U72200KA2018PTC115606 | Previous |
News related to Incanus Technologies Private Limited
Recent Activity on Incanus Technologies Private Limited
Incanus Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Nishant Chandra was appointed as Director on 20 Aug 2018.
Credit Ratings, Litigation & Regulatory Alerts for Incanus 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.
Subsidiaries & Group Companies of Incanus 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 Incanus Technologies Private Limited
Incanus Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI9629L1ZU | Karnataka | Active | 04 May 2020 |
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 Incanus 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 Incanus Technologies Private Limited
Incanus Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 20 August 2018 (8+ years old) and is registered under CIN U80100KA2018PTC115606.
Incanus Technologies reported revenue of ₹31.88 Cr for FY 2024 (up 31% YoY).
Incanus Technologies has 2 current directors:
- Siddharth Maheshwari - Director
- Nishant Chandra - Director
Incanus Technologies reported a net loss of ₹49.74 Cr (net margin -156%) and EBITDA of -₹48.48 Cr (EBITDA margin -152.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Incanus Technologies is 96% over three years and 299% over five years. In the latest year (FY 2024) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Incanus Technologies is 29AAECI9629L1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Incanus Technologies is U80100KA2018PTC115606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Incanus Technologies has 2 court cases on record: 2 filed by the company. 1 is pending.
Incanus Technologies was incorporated on 20 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Incanus Technologies has 3 deals on record (3 funding rounds), with disclosed funding of ₹234.86 Cr; the latest was in April 2022.
The peers of Incanus Technologies by revenue are Edutech India Private Limited, Ideal Experiential Learning Private Limited, Additional Skill Acquisition Programme Kerala, Manthan Educational Solutions Private Limited, Pineham Learning and Technology Solutions Private Limited and 5 more, all in the Education industry (Education Technology).
Nishant Chandra was appointed as Director on 20 Aug 2018. Siddharth Maheshwari was appointed as Director on 20 Aug 2018.