About I-Tech Lance Information Technology Private Limited
Data last updated:
I-Tech Lance Information Technology Private Limited is a private limited company based in Bhubanewar, Orissa, India. It operates in the geographic information system (gis) solutions segment of the technology and IT services sector. It was incorporated on 15 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2010PTC011734. Its GSTIN is 21AACCI2590Q2ZB (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pravat Kumar Satapathy and Debasmita Behura.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. C – 3 Arpan Apartment Plot No. 1002/2478 Irc Village Nayapalli, Bhubanewar, Orissa, India – 751015.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.23 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹8.17 Lakh (net margin 3.7%) and EBITDA of ₹13.81 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 10% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Itechlance.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itechlance.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFlat No. C – 3 Arpan Apartment Plot No. 1002/2478 Irc Village Nayapalli, Bhubanewar, Orissa, India – 751015
- IndustryInformation Technology, Geographic Information System (GIS) Solutions
- 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 I-Tech Lance Information Technology Private Limited
The main business activity of I-Tech Lance Information Technology is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 I-Tech Lance Information Technology Private Limited FY 2024 filings available
I-Tech Lance Information Technology Private Limited reported revenue of ₹2.23 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of I-Tech Lance Information Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 3% growth in the latest year. EBITDA fell 1% 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 I-Tech Lance Information Technology 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 | ₹13.81 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.17 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 I-Tech Lance Information Technology Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 I-Tech Lance Information Technology are in the company report.
Financial statements from 2015
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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Geographic Information System). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flybi Technologies Private Limited | •••• | •••• | •••• | •••• | 11 | Bengaluru, Karnataka, India |
| Cutech Logistics Solutions Private Limited | •••• | •••• | •••• | •••• | 23 | Chennai, Tamil Nadu, India |
| Roadmatics Technologies Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Perceptron Software Labs Private Limited | •••• | •••• | •••• | •••• | 27 | Geddlahalli, Karnataka, India |
| Geospectrum Technologies Private Limited | •••• | •••• | •••• | •••• | 46 | Bilekehalli Bangalore, Karnataka, India |
| I-Tech Lance Information Technology Private Limited this company | •••• | •••• | •••• | •••• | - | Bhubanewar, Orissa, India |
| Sharon Telematics Private Limited | •••• | •••• | •••• | •••• | - | Visakhapatnam, Andhra Pradesh, India |
| Emitech Infosystems Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Shaaonee Technologies Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Giskernel Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Technoton Sensors Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below I-Tech Lance Information Technology by revenue in the Information Technology industry (Geographic Information System), 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology Private Limited is audited by CHINMAYNANDA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHINMAYNANDA | 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravat Kumar Satapathy Also directs: Tecsava IT Private Limited, Avinzon IT Private Limited | Director | 15 Mar 2010 | 16 Years 6 Months | Current |
| Debasmita Behura Also directs: Tecsava IT Private Limited, Avinzon IT Private Limited | Director | 15 Mar 2010 | 16 Years 6 Months | Current |
Ownership and Shareholding of I-Tech Lance Information Technology 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology operates one associated brand: Itechlance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of CAD, GIS, and 3D services in geospatial and IT sectors. | itechlance.com |
Employees and EPFO Compliance at I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology Private Limited has a workforce of 32 employees as of Apr 06, 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Debasmita Behura was appointed as Director on 15 Mar 2010.
Credit Ratings, Litigation & Regulatory Alerts for I-Tech Lance Information Technology 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 I-Tech Lance Information Technology 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 I-Tech Lance Information Technology 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCI2590Q2ZB | Odisha | Active | 13 Dec 2017 |
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 I-Tech Lance Information Technology 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 I-Tech Lance Information Technology Private Limited
I-Tech Lance Information Technology is an active private limited company based in Bhubanewar, Orissa, India. The company works in geographic information system (gis) solutions, within the information technology industry. It was incorporated on 15 March 2010 (16+ years old) and is registered under CIN U72200OR2010PTC011734.
I-Tech Lance Information Technology reported revenue of ₹2.23 Cr for FY 2024 (up 3% YoY).
I-Tech Lance Information Technology has 2 current directors:
- Pravat Kumar Satapathy - Director
- Debasmita Behura - Director
I-Tech Lance Information Technology reported a net profit of ₹8.17 Lakh (net margin 3.7%) and EBITDA of ₹13.81 Lakh (EBITDA margin 6.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of I-Tech Lance Information Technology is 18% over three years and 10% over five years. In the latest year (FY 2024) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of I-Tech Lance Information Technology is 21AACCI2590Q2ZB, registered in Odisha. 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 I-Tech Lance Information Technology is U72200OR2010PTC011734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I-Tech Lance Information Technology was incorporated on 15 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of I-Tech Lance Information Technology by revenue are Flybi Technologies Private Limited, Cutech Logistics Solutions Private Limited, Roadmatics Technologies Private Limited, Perceptron Software Labs Private Limited, Geospectrum Technologies Private Limited and 5 more, all in the Information Technology industry (Geographic Information System).
Debasmita Behura was appointed as Director on 15 Mar 2010. Pravat Kumar Satapathy was appointed as Director on 15 Mar 2010.
I-Tech Lance Information Technology can be reached through the website itechlance.com. Its registered office is in Bhubanewar, Orissa, India.