About Indware Technologies Private Limited
Data last updated:
Indware Technologies Private Limited is a private limited company based in North 24 Parganas, West Bengal, 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 14 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB2018PTC228830. Its GSTIN is 19AAFCI0651R1Z2 (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Dhrubajyoti Mukherjee and Amar Nath Mukhopadhyay.
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 North 24 Parganas, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.16 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Lakh (net margin 1%) and EBITDA of ₹3.86 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 18% over five years.
The company is associated with 2 brands: EQ Mindware and Indware Technologies.
For more details, the company can be reached via its website indware.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressRoom No. 1 Unit 12W2 12th Floor Mani Casadona, New Town Action Area Iif/004 Street No 372 Kolkata, North 24 Parganas, West Bengal, India – 700161
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
- 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
Associated Brands with Indware Technologies Private Limited
Indware Technologies operates two associated brands: EQ Mindware and Indware Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive cognitive training apps for users. | eqmindware.com | |
| Offers custom IT applications, AI implementations, and ERP systems for businesses. | indware.com |
Competitors & Alternatives of Indware Technologies Private Limited
Brands and companies operating in the same space as Indware Technologies Private Limited include Standard Bank, Headspace, Hedgehog lab and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Standard Bank | Commercial banking services are provided across 20 African countries. | Johannesburg, South Africa | 1862 |
 Headspace | Mindfulness and mental wellness tools and services are provided. | Santa Monica, United States | 2010 |
 Hedgehog lab | Mobile application development and UX design services are provided. | Newcastle Upon Tyne, United Kingdom | 2007 |
 AlmavivA | IT services suite solutions are provided globally by AlmavivA. | Rome, Italy | 2005 |
 AKQA | Integrated digital marketing campaigns are developed and executed across channels. | Riyadh, Saudi Arabia | 1994 |
 Happify | Platform for improved mental & emotional health through gamification | New York, United States | 2011 |
 Wrench Group | Web application that enables tradesmen to create customized preventive maintenance programs | Dallas, United States | 2016 |
 Hancom | Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions. | Seongnam-si, South Korea | 1990 |
 Catalyte | Contract talent is discovered, developed, and deployed via AI platform. | Baltimore, United States | 2000 |
 aptihealth | Provider of practice management and mental health solutions for patients, providers, and employees | Boston, United States | 2017 |
Business Activity of Indware Technologies Private Limited
The main business activity of Indware 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.
Auditor Details of Indware Technologies Private Limited
Indware Technologies Private Limited is audited by SKV & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SKV & CO | 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 Indware Technologies Private Limited
Indware Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhrubajyoti Mukherjee Also directs: Indware Digital Private Limited | Director | 14 Nov 2018 | 7 Years 10 Months | Current |
| Amar Nath Mukhopadhyay Also directs: Indware Digital Private Limited | Director | 14 Nov 2018 | 7 Years 10 Months | Current |
Financials of Indware Technologies Private Limited FY 2025 filings available
Indware Technologies Private Limited reported revenue of ₹1.16 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indware Technologies Private Limited
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 66% 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 Indware 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 | ₹3.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.16 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Indware Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Indware 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.
Ownership and Shareholding of Indware 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 Indware Technologies Private Limited
Indware Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Indware Technologies Private Limited
Employment history and EPFO contributions of people linked to Indware Technologies.
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.
GST Compliance of Indware Technologies Private Limited
Indware Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAFCI0651R1Z2 | West Bengal | Active | 29 Dec 2018 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Indware 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 Indware 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 Indware 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.
MCA Filings & Documents of Indware 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.
Recent Activity on Indware Technologies Private Limited
Frequently Asked Questions about Indware Technologies Private Limited
Indware Technologies is an active private limited company based in North 24 Parganas, West Bengal, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 November 2018 (8+ years old) and is registered under CIN U72900WB2018PTC228830.
Indware Technologies reported revenue of ₹1.16 Cr for FY 2025 (down 18% YoY).
Indware Technologies has 2 current directors:
- Dhrubajyoti Mukherjee - Director
- Amar Nath Mukhopadhyay - Director
Indware Technologies reported a net profit of ₹1.16 Lakh (net margin 1%) and EBITDA of ₹3.86 Lakh (EBITDA margin 3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indware Technologies is 36% over three years and 18% over five years. In the latest year (FY 2025) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indware Technologies is 19AAFCI0651R1Z2, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indware Technologies is U72900WB2018PTC228830. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indware Technologies was incorporated on 14 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Kolkata.
Yes, Indware Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).