About Indibits Web & Business Solutions Private Limited
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Indibits Web & Business Solutions Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2015PTC018988.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Debiprasad Sahoo (Managing Director) and Sulochana Sahoo.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No:304 Pratima Tower Shastri Nagar Near Shanishchar Temple, Bhubaneswar, Odisha, India – 751001.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.77 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹37,090 (net margin -3.2%) and EBITDA of -₹22,240 (EBITDA margin -1.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indibits.com.
Company details
Contact details
Indibits Web & Business Solutions Private Limited's registered office is in Bhubaneswar, Odisha. Its website is indibits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No:304 Pratima Tower Shastri Nagar Near Shanishchar Temple, Bhubaneswar, Odisha, India – 751001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Indibits Web & Business Solutions 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
Business activity
The main business activity of Indibits Web & Business Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Indibits Web & Business Solutions Private Limited, buy the company report.
Financials of Indibits Web & Business Solutions Private Limited
FY 2024 filings availableIndibits Web & Business Solutions Private Limited reported revenue of ₹11.77 Lakh (up 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 8% growth in the latest year. EBITDA fell 283% 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 |
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| EBITDA | -₹22,240 | ||||
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| Net Profit (PAT) | -₹37,090 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -1.9% | ||||
| Net Profit Margin | -3.2% | ||||
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To see the full financial statements and ratios of Indibits Web & Business Solutions Private Limited, buy the company report.
Board of directors of Indibits Web & Business Solutions Private Limited
Indibits Web & Business Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sulochana Sahoo | Director | 22 May 2015 | 11 Years 5 Months | Current |
| Debiprasad Sahoo Also directs: Top League Technologies Private Limited | Managing Director | 22 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Indibits Web & Business Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Complete Wellbeing Publishing Private Limited | ₹11.81 Lakh (FY 2024) | 85.0% | Mumbai, Maharashtra, India | |||
| Arcin IT (OPC) Private Limited | ₹11.8 Lakh (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Logass AI Innovations Private Limited | ₹11.79 Lakh (FY 2025) | 450.0% | Pune, Maharashtra, India | |||
| Cognitivelabs Technology and Consulting Private Limited | ₹11.78 Lakh (FY 2023) | Bangalore, Karnataka, India | ||||
| Codebird Solutions Private Limited | ₹11.77 Lakh (FY 2025) | -51.0% | Mohali, Punjab, India | |||
| Indibits Web & Business Solutions Private Limitedthis company | ₹11.77 Lakh (FY 2024) | -₹37,090 | -3.2% | 8.0% | Bhubaneswar, Odisha, India | |
| Vnet Bharat Private Limited | ₹11.77 Lakh (FY 2025) | Puducherry, India | ||||
| Bionstack Technologies Private Limited | ₹11.76 Lakh (FY 2019) | 36.0% | Bangalore, Karnataka, India | |||
| Kadmiksoft Technologies Private Limited | ₹11.76 Lakh (FY 2024) | 509.0% | New Delhi, Delhi, India | |||
| Grapestel Solutions Private Limited | ₹11.76 Lakh (FY 2025) | -38.0% | Kharar, Punjab, India | |||
| Father and Daughter's Idea Files Private Limited | ₹11.76 Lakh (FY 2025) | -3.0% | Indirapuram, Uttar Pradesh, India |
To see the full peer comparison of Indibits Web & Business Solutions Private Limited, buy the company report.
Auditor
Indibits Web & Business Solutions Private Limited is audited by BIGYAN MISHRA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BIGYAN MISHRA AND CO | FY 2023 | 327435E |
Shareholding
The shareholding of Indibits Web & Business Solutions 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 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Indibits Web & Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Indibits Web & Business Solutions 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 Indibits Web & Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Indibits Web & Business Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Indibits Web & Business Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Debiprasad Sahoo was appointed as Managing Director on 22 May 2015.
Frequently asked questions
Indibits Web & Business Solutions is an active private limited company based in Bhubaneswar, Odisha, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 May 2015 (11+ years old) and is registered under CIN U72200OR2015PTC018988.
Indibits Web & Business Solutions has 2 current directors:
- Debiprasad Sahoo - Managing Director
- Sulochana Sahoo - Director
The latest financial statements of Indibits Web & Business Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Indibits Web & Business Solutions is U72200OR2015PTC018988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indibits Web & Business Solutions was incorporated on 22 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Indibits Web & Business Solutions by revenue are Complete Wellbeing Publishing Private Limited, Arcin IT (OPC) Private Limited, Logass AI Innovations Private Limited, Cognitivelabs Technology and Consulting Private Limited, Codebird Solutions Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Debiprasad Sahoo was appointed as Managing Director on 22 May 2015. Sulochana Sahoo was appointed as Director on 22 May 2015.
Indibits Web & Business Solutions can be reached through the website indibits.com. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Indibits Web & Business Solutions is at Flat No:304 Pratima Tower Shastri Nagar Near Shanishchar Temple, Bhubaneswar, Odisha, India – 751001.
Indibits Web & Business Solutions operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Indibits Web & Business Solutions is compliant as of 29 September 2026. The company is actively filing with the Registrar of Companies.