About Indkal Technologies Private Limited
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Indkal Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U32100KA2018PTC116590. Its GSTIN is 29AAHCG4649R1ZN (Karnataka). The company holds 13 GST registrations, all of them active.
The company has an authorised share capital of ₹10.5 Lakh and a paid-up capital of ₹1.3 Lakh. It was formerly known as Goldrish Glitterance Private Limited. It is led by directors including Samar Vinay Kumar Singh (Whole-Time Director) and Rishikesh Pratap Jadhav (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 102 Hinduja Lake Front Estate Opp – Hulimavu Police Station Hulimavu, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹621.01 Cr, a growth of 138% compared to the previous year. For the same year it recorded a net profit of ₹14 Cr (net margin 2.3%) and EBITDA of ₹41.6 Cr (EBITDA margin 6.7%).
The company has about 187 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indkal. As per MCA filings, the company has open charges of ₹250 Cr and satisfied charges of ₹157.5 Cr on record. Court records list 27 cases involving the company, including 17 filed by the company and 10 filed against it; 16 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹282.53 Cr; the latest was in September 2025. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is Jindal Green Crop International Private Limited with revenue of ₹623.42 Cr. The company has 12 MSME Form 1 returns on record between 2021 and 2024, listing 809 overdue payments to 48 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 acertvindia.com.
Company details
CIN history
Indkal Technologies has one previous CIN (Corporate Identification Number): U74999KA2018PTC116590. The current CIN is U32100KA2018PTC116590, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32100KA2018PTC116590 | Current |
| U74999KA2018PTC116590 | Previous |
Contact details
Indkal Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is acertvindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 102 Hinduja Lake Front Estate Opp – Hulimavu Police Station Hulimavu, Bangalore, Karnataka, India – 560076
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Indkal 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
Indkal Technologies operates one associated brand: Indkal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Task management and project collaboration software is provided for teams. | indkal.com |
Business activity
The main business activity of Indkal Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indkal Technologies Private Limited, buy the company report.
Financials of Indkal Technologies Private Limited
FY 2024 filings availableIndkal Technologies Private Limited reported revenue of ₹621.01 Cr (up 138% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 138% in the latest year. EBITDA rose 141% 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 | |||||
| Revenue from Operations | ₹621.01 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹41.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14 Cr | ||||
| Balance Sheet | |||||
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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 | 6.7% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Indkal Technologies Private Limited, buy the company report.
Board of directors of Indkal Technologies Private Limited
Indkal Technologies has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Dubey Also directs: Shwand Consulting Private Limited, Indkal Services Private Limited | Director | 01 Jun 2021 | 5 Years 4 Months | Current |
| Samar Vinay Kumar Singh Also directs: Shwand Consulting Private Limited, Indkal Services Private Limited, Futuretech Project Consultants LLP and 4 more | Whole-Time Director | 01 Dec 2020 | 5 Years 10 Months | Current |
| Rishikesh Pratap Jadhav Also directs: Shwand Consulting Private Limited, Indkal Services Private Limited, Futuretech Project Consultants LLP and 5 more | Whole-Time Director | 18 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Indkal Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jindal Green Crop International Private Limited | ₹623.42 Cr (FY 2016) | 22.0% | Delhi, India | |||
| Bonlon Industries Limited | ₹623.41 Cr (FY 2025) | 44.0% | New Delhi, Delhi, India | |||
| Vineet Pvt Ltd | ₹623.1 Cr (FY 2025) | -20.0% | Kolkata, West Bengal, India | |||
| New Life Medicals Private Limited | ₹622.42 Cr (FY 2025) | 68.0% | Ahmedabad, Gujarat, India | |||
| V.M.Salgaocar and Brother Private Limited | ₹621.51 Cr (FY 2025) | -24.0% | Goa, India | |||
| Indkal Technologies Private Limitedthis company | ₹621.01 Cr (FY 2024) | ₹14 Cr | 2.3% | 138.0% | 187 | Bangalore, Karnataka, India |
| Basil Commodities Private Limited | ₹620.6 Cr (FY 2025) | -50.0% | Ahmedabad, Gujarat, India | |||
| Umiro Resources Private Limited | ₹619.52 Cr (FY 2025) | -19.0% | Kolkata, West Bengal, India | |||
| Bayer Zydus Pharma Private Limited | ₹619.33 Cr (FY 2025) | 23.0% | Thane, Maharashtra, India | |||
| Krishika Tradewell Private Limited | ₹618.54 Cr (FY 2017) | 23.0% | Mumbai, Maharashtra, India | |||
| Bunty Overseas Private Limited | ₹618.24 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Indkal Technologies Private Limited, buy the company report.
Auditor
Indkal Technologies Private Limited is audited by K C N R & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C N R & CO | FY 2024 | 022573S |
Shareholding
The shareholding of Indkal Technologies 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 Indkal Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2026 | 101236554 | Others | ₹30 Cr | Open | |
| 13 Aug 2025 | 101150294 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 19 Sep 2024 | 100981076 | Axis Bank Limited | ₹75 Cr | Open | |
| 10 Sep 2024 | 100980692 | Others | ₹40 Cr | Open | |
| 27 Aug 2024 | 100978399 | Others | ₹50 Cr | Open |
To see the full charge records of Indkal Technologies Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Indkal Technologies Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹282.53 Cr; the latest was in September 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Funding round · Series B | ₹176.3 Cr | |
| Jun 2025 | Funding round | ₹54.82 Cr | Investors: Century India Opportunity Fund Pc, Indo Global Agencies, 2 individuals |
| Jun 2024 | Funding round | ₹49.96 Cr | Investors: Aries Opportunities Fund Limited |
| Jan 2023 | Funding round · Seed | ₹95.4 Lakh | Investors: Sama Family Office, LogX Ventures, 2 individuals |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: PG Electroplast Limited , an individual |
To see the full deal history of Indkal Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indkal Technologies Private Limited has 27 court cases on record: 17 filed by Indkal Technologies, 10 filed against it. 16 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 6 | 14 |
| High courts | 6 | 4 | 2 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ms Allcargo Logistics Limited Through Dattaraj Dayal Shirwadkar | Pending |
| District court, South Goa, Goa | Original application | Filed against the company by Ifb Industries Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ifb Refrigeration Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed by the company against Techniland Info Systems Private Limited and 2 others | Pending |
| High Court, KARNATAKA | Court case (RP) | Filed against the company by Bhagwati Products Limited | Disposed |
To see the full case history of Indkal 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
Indkal Technologies Private Limited has 12 MSME Form 1 returns on record between 2021 and 2024, listing 809 overdue payments to 48 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 (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Speed Solutions | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Indkal Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indkal Technologies Private Limited has a workforce of 187 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
GST
Indkal Technologies has 13 GST registrations: 13 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCG4649R1ZN | Karnataka | Active | 28 Nov 2018 |
| 29AAHCG4649R2ZM | Karnataka | Active | 10 Jul 2025 |
| 06AAHCG4649R1ZV | Haryana | Active | 28 Dec 2021 |
| 33AAHCG4649R1ZY | Tamil Nadu | Active | 05 Jan 2022 |
To see the full GST registrations and return filing status of Indkal Technologies Private Limited, buy the company report.
Recent activity
Indkal Technologies Private Limited has 10 board changes on record since 2020: 3 appointments and 7 cessations. The latest: Rishikesh Pratap Jadhav was appointed as Whole-Time Director on 18 Nov 2022.
21 earlier events are in the company report.
Frequently asked questions
Indkal Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U32100KA2018PTC116590.
Indkal Technologies has 3 current directors:
- Samar Vinay Kumar Singh - Whole-Time Director
- Rishikesh Pratap Jadhav - Whole-Time Director
- Anand Dubey - Director
The latest financial statements of Indkal Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Indkal Technologies is 29AAHCG4649R1ZN, registered in Karnataka. The company has 13 GST registrations in all, of which 13 are active. Other active GSTINs include 29AAHCG4649R2ZM (Karnataka), 06AAHCG4649R1ZV (Haryana), 33AAHCG4649R1ZY (Tamil Nadu).
The CIN (Corporate Identification Number) of Indkal Technologies is U32100KA2018PTC116590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indkal Technologies has 27 court cases on record: 17 filed by the company and 10 filed against it. 16 are pending. Most are in the district courts.
Indkal Technologies was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Indkal Technologies has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹282.53 Cr; the latest was in September 2025.
The peers of Indkal Technologies by revenue are Jindal Green Crop International Private Limited, Bonlon Industries Limited, Vineet Pvt Ltd, New Life Medicals Private Limited, V.M.Salgaocar and Brother Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Rishikesh Pratap Jadhav was appointed as Whole-Time Director on 18 Nov 2022. Pramod Chimmanlal Gupta ceased to be Nominee Director on 22 Oct 2022. Rishikesh Pratap Jadhav ceased to be Director on 30 Apr 2022. Indkal Technologies has 10 board changes on record in total.
Indkal Technologies has 12 MSME Form 1 returns on record between 2021 and 2024, listing 809 overdue payments to 48 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Indkal Technologies can be reached through the website acertvindia.com. Its registered office is in Bangalore, Karnataka, India.