IT Brothers Consulting Solutions Private Limited
About IT Brothers Consulting Solutions Private Limited
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IT Brothers Consulting Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2021PTC144845. Its GSTIN is 29AAGCI0454B1ZW (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Santosh and Chetan Sharma.
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 Site No. 677 1st Floor 27th Main Road 13 Cross Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.02 Lakh, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹22.82 Lakh (net margin -253%) and EBITDA of -₹16.12 Lakh (EBITDA margin -178.6%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
The company is associated with 1 brand: HivePayroll.
Company details
Contact details
IT Brothers Consulting Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSite No. 677 1st Floor 27th Main Road 13 Cross Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of IT Brothers Consulting 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
Brands
IT Brothers Consulting Solutions operates one associated brand: HivePayroll. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud-based payroll processing, attendance, and compliance solutions for businesses. | hivepayroll.co.in |
Business activity
The main business activity of IT Brothers Consulting Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of IT Brothers Consulting Solutions Private Limited, buy the company report.
Financials of IT Brothers Consulting Solutions Private Limited
FY 2025 filings availableIT Brothers Consulting Solutions Private Limited reported revenue of ₹9.02 Lakh (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 39%. EBITDA rose 17% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹16.12 Lakh | ||||
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| Net Profit (PAT) | -₹22.82 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -178.6% | ||||
| Net Profit Margin | -253% | ||||
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To see the full financial statements and ratios of IT Brothers Consulting Solutions Private Limited, buy the company report.
Board of directors of IT Brothers Consulting Solutions Private Limited
IT Brothers Consulting Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh | Director | 02 Dec 2024 | 1 Years 11 Months | Current |
| Chetan Sharma | Director | 03 Mar 2021 | 5 Years 8 Months | Current |
Auditor
IT Brothers Consulting Solutions Private Limited is audited by DILIP SARDA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DILIP SARDA & CO | FY 2023 | 007588C |
Shareholding
The shareholding of IT Brothers Consulting Solutions Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of IT Brothers Consulting Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving IT Brothers Consulting 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 IT Brothers Consulting Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
IT Brothers Consulting Solutions Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
IT Brothers Consulting Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCI0454B1ZW | Karnataka | Active | 05 May 2021 |
To see the full GST registrations and return filing status of IT Brothers Consulting Solutions Private Limited, buy the company report.
Recent activity
IT Brothers Consulting Solutions Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Nisha Sharma ceased to be Director on 05 Dec 2024.
Frequently asked questions
IT Brothers Consulting Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 March 2021 (5+ years old) and is registered under CIN U72200KA2021PTC144845.
IT Brothers Consulting Solutions has 2 current directors:
- Santosh - Director
- Chetan Sharma - Director
The latest financial statements of IT Brothers Consulting Solutions 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 2021 are in the company report.
The GSTIN of IT Brothers Consulting Solutions is 29AAGCI0454B1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of IT Brothers Consulting Solutions is U72200KA2021PTC144845. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IT Brothers Consulting Solutions was incorporated on 03 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Nisha Sharma ceased to be Director on 05 Dec 2024. Santosh was appointed as Director on 02 Dec 2024. Chetan Sharma was appointed as Director on 03 Mar 2021.
The registered office of IT Brothers Consulting Solutions is at Site No. 677 1st Floor 27th Main Road 13 Cross Road Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102.
IT Brothers Consulting Solutions operates in the information technology industry, in the application development and software solutions segment.
IT Brothers Consulting Solutions has 1 associated brand: Hivepayroll.
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