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Iotracx Private Limited - service in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.34 Lakh
▼ 52% YoY
Net loss · FY 2024
₹5.7 Lakh
Net margin -37.1%
EBITDA · FY 2024
-₹3.9 Lakh
EBITDA margin -25.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Iotracx Private Limited
Data last updated:
Iotracx Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT services segment of the services sector. It was incorporated on 01 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC098142. Its GSTIN is 29AAECI3307F1ZS (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kotekar Sudhindra Rao and Gopinath Sheregar Annappa.
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 Survey No17/2 Flat No 104 1st Floor Block 6 Near Ibblur Village Begur Hobli, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.34 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹5.7 Lakh (net margin -37.1%) and EBITDA of -₹3.9 Lakh (EBITDA margin -25.5%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
The company is associated with 2 brands: IoTrax and Agroblock. Court records list 2 cases involving the company, including 2 filed against it; 1 case is 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 iotracx.com.
Company details
CIN U72900KA2016PTC098142
Registration Number 098142
Incorporation Date 01 December 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Kotekar Sudhindra Rao Director Gopinath Sheregar Annappa Director Shyamsundar Purkayastha Director Recognitions & Rankings of Iotracx
Contact details
Iotracx Private Limited's registered office is in Bangalore, Karnataka. Its website is iotracx.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No17/2 Flat No 104 1st Floor Block 6 Near Ibblur Village Begur Hobli, Bangalore, Karnataka, India – 560068
- IndustryService, Information Technology Services
To see the full contact details of Iotracx Private Limited, buy the company report.
Comprehensive company report
Iotracx Private Limited - one report that includes everything
- 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
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Brands
Iotracx operates two associated brands: IoTrax and Agroblock. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT solutions & everything as a service platform to connect smart devices | iotracx.com | |
| Blockchain, IoT, and AI-based traceability for agricultural supply chains. | agroblock.io |
Business activity
The main business activity of Iotracx 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 Iotracx Private Limited, buy the company report.
Financials of Iotracx Private Limited
FY 2025 filings availableIotracx Private Limited reported revenue of ₹15.34 Lakh (down 52% YoY) for FY 2024.
Revenue · FY 2024
₹15.34 Lakh ▼ 52%
Net loss · FY 2024
₹5.7 Lakh margin -37.1%
EBITDA · FY 2024
-₹3.9 Lakh margin -25.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▼ 14%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▼ 42%
5 years · compounded
▼ 112%
Revenue fell 52% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 25% 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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| Total Expenses | |||||
| EBITDA | -₹3.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.7 Lakh | ||||
| 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 | -25.5% | ||||
| Net Profit Margin | -37.1% | ||||
| 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 Iotracx Private Limited, buy the company report.
Board of directors of Iotracx Private Limited
Iotracx has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kotekar Sudhindra Rao | Director | 20 Jul 2023 | 3 Years 3 Months | Current |
| Gopinath Sheregar Annappa | Director | 01 Dec 2016 | 9 Years 11 Months | Current |
| Shyamsundar Purkayastha Also directs: Radiostudio Technologies Private Limited (OPC) | Director | 01 Dec 2016 | 9 Years 11 Months | Current |
Peer comparison
Iotracx 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 |
|---|---|---|---|---|---|---|
| Bisan Media Private Limited | ₹15.36 Lakh (FY 2025) | -19.0% | Kannur, Kerala, India | |||
| Syscraft Information System Private Limited | ₹15.36 Lakh (FY 2025) | -79.0% | Indore, Madhya Pradesh, India | |||
| Abhinandana Communications Private Limited | ₹15.35 Lakh (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Wedviser People Connect Private Limited | ₹15.35 Lakh (FY 2025) | -10.0% | Kochi, Kerala, India | |||
| Brainsource Technologies Private Limited | ₹15.34 Lakh (FY 2024) | -18.0% | Chennai, Tamil Nadu, India | |||
| Iotracx Private Limitedthis company | ₹15.34 Lakh (FY 2024) | -₹5.7 Lakh | -37.1% | -52.0% | Bangalore, Karnataka, India | |
| Krishnasri Media Network Private Limited | ₹15.34 Lakh (FY 2025) | -9.0% | Kadamkuan, Bihar, India | |||
| Reyanna Technologies Private Limited | ₹15.33 Lakh (FY 2025) | 22.0% | Vellore, Tamil Nadu, India | |||
| Ninemaps Solutions Private Limited | ₹15.32 Lakh (FY 2018) | 2149.0% | Judicial Layout Bangalore, Karnataka, India | |||
| Vwages Technologies Private Limited | ₹15.32 Lakh (FY 2025) | 409.0% | Pune, Maharashtra, India | |||
| Joistek Solutions Private Limited | ₹15.31 Lakh (FY 2025) | -87.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Iotracx Private Limited, buy the company report.
Auditor
Iotracx Private Limited is audited by Durga Krishnamurthy & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Durga Krishnamurthy & Co | FY 2017 | 008653S |
Shareholding
The shareholding of Iotracx Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Iotracx Private Limited, buy the company report.
Legal cases
Iotracx Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (AP.IM) | Filed against the company by M/S Flocco SG Pte Ltd | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Iotracx 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 Iotracx Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iotracx has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI3307F1ZS | Karnataka | Active | 09 Mar 2021 |
To see the full GST registrations and return filing status of Iotracx Private Limited, buy the company report.
Recent activity
Iotracx Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Kotekar Sudhindra Rao was appointed as Director on 20 Jul 2023.
AGM
Iotracx Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Iotracx Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Kotekar Sudhindra Rao was appointed as Director.
Appointed
Gopinath Sheregar Annappa was appointed as Director.
Appointed
Shyamsundar Purkayastha was appointed as Director.
Incorporation
01 Dec 2016
Iotracx Private Limited was registered on 01 Dec 2016 with Roc Bangalore & aged 9 years 11 months as per MCA records.
Frequently asked questions
Iotracx is an active private limited company based in Bangalore, Karnataka, India. The company works in information technology services, within the service industry. It was incorporated on 01 December 2016 (10+ years old) and is registered under CIN U72900KA2016PTC098142.
Iotracx has 3 current directors:
- Kotekar Sudhindra Rao - Director
- Gopinath Sheregar Annappa - Director
- Shyamsundar Purkayastha - Director
The latest financial statements of Iotracx on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Iotracx is 29AAECI3307F1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Iotracx is U72900KA2016PTC098142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iotracx has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Iotracx was incorporated on 01 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Iotracx by revenue are Bisan Media Private Limited, Syscraft Information System Private Limited, Abhinandana Communications Private Limited, Wedviser People Connect Private Limited, Brainsource Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Kotekar Sudhindra Rao was appointed as Director on 20 Jul 2023. Gopinath Sheregar Annappa was appointed as Director on 01 Dec 2016. Shyamsundar Purkayastha was appointed as Director on 01 Dec 2016.
Yes, Iotracx is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Iotracx can be reached through the website iotracx.com. Its registered office is in Bangalore, Karnataka, India.
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