About Iotready Technology Solutions Private Limited
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Iotready Technology Solutions Private Limited is a private limited company based in Bangalore North, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 27 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC125693. Its GSTIN is 29AAFCI3244Q1Z0 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Tejprakash Sivaram Pochiraju and Jai Vijay Sharda.
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 No F 3 3rd Floor No 5/1 Rich Homes, Bangalore North, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.05 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹6.4 Lakh (net margin 3.1%) and EBITDA of ₹12.29 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: IoT ready. As per MCA filings, the company has open charges of ₹59 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iotready.co.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo F 3 3rd Floor No 5/1 Rich Homes, Bangalore North, Karnataka, India – 560025
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Iotready Technology Solutions Private Limited
The main business activity of Iotready Technology Solutions 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.
Financials of Iotready Technology Solutions Private Limited FY 2025 filings available
Iotready Technology Solutions Private Limited reported revenue of ₹2.05 Cr (up 60% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Iotready Technology Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 48% over three years, including 60% growth in the latest year. EBITDA fell 52% 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 Iotready Technology Solutions 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 | ₹12.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.4 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Iotready Technology Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 Iotready Technology Solutions are in the company report.
Financial statements from FY 2020
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 Iotready Technology Solutions Private Limited
Iotready Technology Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cnetric Global Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sniami Solutions Private Limited | •••• | •••• | •••• | •••• | 73 | Mulashi, Maharashtra, India |
| Fieldez Technologies Private Limited | •••• | •••• | •••• | •••• | 11 | Bengaluru, Karnataka, India |
| Spheric Innovation Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Namya Future Technologies India Private Limited | •••• | •••• | •••• | •••• | 29 | Chandigarh, India |
| Iotready Technology Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Digiryte Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Analytics First Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Codervalue Solutions Private Limited | •••• | •••• | •••• | •••• | 12 | Noida, Uttar Pradesh, India |
| Trianabot Technologies Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Fastra Corporation Private Limited | •••• | •••• | •••• | •••• | 14 | Kukatpally Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Iotready Technology Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Iotready Technology Solutions Private Limited
Iotready Technology Solutions Private Limited is audited by SAKET BARDIA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAKET BARDIA | 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 Iotready Technology Solutions Private Limited
Iotready Technology Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejprakash Sivaram Pochiraju | Director | 27 Jun 2019 | 7 Years 3 Months | Current |
| Jai Vijay Sharda | Director | 27 Jun 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of Iotready Technology Solutions 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 Iotready Technology Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2025 | Hdfc Bank Limited | ₹59 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Iotready Technology Solutions Private Limited
Iotready Technology Solutions operates one associated brand: IoT ready. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT platform for asset tracking, inventory management, and operations traceability. | iotready.co |
Employees and EPFO Compliance at Iotready Technology Solutions Private Limited
Iotready Technology Solutions Private Limited has a workforce of 6 employees as of Apr 08, 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.
Recent Activity on Iotready Technology Solutions Private Limited
Iotready Technology Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Jai Vijay Sharda was appointed as Director on 27 Jun 2019.
Credit Ratings, Litigation & Regulatory Alerts for Iotready Technology Solutions 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 Iotready Technology Solutions 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 Iotready Technology Solutions 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 Iotready Technology Solutions Private Limited
Iotready Technology Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI3244Q1Z0 | Karnataka | Active | 25 Nov 2019 |
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 Iotready Technology Solutions 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 Iotready Technology Solutions Private Limited
Iotready Technology Solutions is an active private limited company based in Bangalore North, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 27 June 2019 (7+ years old) and is registered under CIN U72900KA2019PTC125693.
Iotready Technology Solutions reported revenue of ₹2.05 Cr for FY 2024 (up 60% YoY).
Iotready Technology Solutions has 2 current directors:
- Tejprakash Sivaram Pochiraju - Director
- Jai Vijay Sharda - Director
Iotready Technology Solutions reported a net profit of ₹6.4 Lakh (net margin 3.1%) and EBITDA of ₹12.29 Lakh (EBITDA margin 6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iotready Technology Solutions is 48% over three years. In the latest year (FY 2024) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iotready Technology Solutions is 29AAFCI3244Q1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Iotready Technology Solutions is U72900KA2019PTC125693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iotready Technology Solutions was incorporated on 27 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Iotready Technology Solutions by revenue are Cnetric Global Private Limited, Sniami Solutions Private Limited, Fieldez Technologies Private Limited, Spheric Innovation Private Limited, Namya Future Technologies India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Jai Vijay Sharda was appointed as Director on 27 Jun 2019. Tejprakash Sivaram Pochiraju was appointed as Director on 27 Jun 2019.
Yes, Iotready Technology Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).