MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0023653
Itech Workshop Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.32 Cr
▲ 17% YoY
Net loss · FY 2025
₹70.03 Lakh
Net margin -9.6%
EBITDA · FY 2025
₹18.79 Lakh
EBITDA margin 2.6%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹39.43 Lakh
Issued & subscribed
Open charges
₹2.67 Cr
Secured borrowings
Company age
28 yrs
Est. 1998
Employees · EPFO
54
Provident fund records
About Itech Workshop Private Limited
Data last updated:
Itech Workshop Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical transcription segment of the business process outsourcing sector. It was incorporated on 21 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1998PTC024114. Its GSTIN is 29AAACI5300E1Z1 (Karnataka).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹39.43 Lakh. It is led by directors including Sivakumar Narayanaswamy (Whole-Time Director) and Shanti Sivakumar.
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 No.26A 3rd And 4th Floor Krishna Reddy Layout Domlur, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.32 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹70.03 Lakh (net margin -9.6%) and EBITDA of ₹18.79 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
The company is associated with 4 brands: expEDIum, iTech Workshop, Expediumrcm and Itech Workshop. As per MCA filings, the company has open charges of ₹2.67 Cr on record.
Itech Workshop Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0023653). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itechws.com.
Company details
CIN U85110KA1998PTC024114
Registration Number 024114
Incorporation Date 21 August 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0023653
CIN history
Itech Workshop has one previous CIN (Corporate Identification Number): U72200KA1998PTC024114. The current CIN is U85110KA1998PTC024114, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1998PTC024114 | Current |
| U72200KA1998PTC024114 | Previous |
Key People
Sivakumar Narayanaswamy Whole-Time Director Shanti Sivakumar Director Prabhakar Mysore Ramachandra Rao Director Recognitions & Rankings of Itech Workshop
Contact details
Itech Workshop Private Limited's registered office is in Bangalore, Karnataka. Its website is itechws.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.26A 3rd And 4th Floor Krishna Reddy Layout Domlur, Bangalore, Karnataka, India – 560071
- IndustryBusiness Outsourcing, Medical Transcription
To see the full contact details of Itech Workshop Private Limited, buy the company report.
Comprehensive company report
Itech Workshop 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
Itech Workshop operates multiple associated brands including expEDIum, iTech Workshop, and Expediumrcm. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers medical billing software, EHR systems, and revenue cycle management for providers. | expedium.net | |
| Offers comprehensive medical billing and revenue cycle management services. | itechws.com | |
| Offers medical billing software, EHR, and RCM for healthcare providers worldwide. | expediumrcm.com | |
| Healthcare IT solutions for medical billing, EHR systems, and revenue cycle management services. | expedium.in |
Business activity
The main business activity of Itech Workshop 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 Itech Workshop Private Limited, buy the company report.
Financials of Itech Workshop Private Limited
FY 2024 filings availableItech Workshop Private Limited reported revenue of ₹7.32 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹7.32 Cr ▲ 17%
Net loss · FY 2025
₹70.03 Lakh margin -9.6%
EBITDA · FY 2025
₹18.79 Lakh margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 11%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 72%
3 years · compounded
▼ 41%
5 years · compounded
▼ 27%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 17% growth in the latest year. EBITDA fell 72% 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 | ₹18.79 Lakh | ||||
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| Net Profit (PAT) | -₹70.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | -9.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Itech Workshop Private Limited, buy the company report.
Board of directors of Itech Workshop Private Limited
Itech Workshop has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivakumar Narayanaswamy | Whole-Time Director | 21 Aug 1998 | 28 Years 2 Months | Current |
| Shanti Sivakumar | Director | 16 Jul 2012 | 14 Years 3 Months | Current |
| Prabhakar Mysore Ramachandra Rao | Director | 16 Jul 2012 | 14 Years 3 Months | Current |
| Terence Bastian George | Director | 22 Nov 2023 | 2 Years 11 Months | Current |
Auditor
Itech Workshop Private Limited is audited by M A NARAYAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A NARAYAN & CO | FY 2023 | 002361S |
Shareholding
The shareholding of Itech Workshop Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Itech Workshop Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.67 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2025 | 101195629 | Others | ₹1.3 Cr | Open | |
| 21 Apr 2023 | 100741835 | Others | ₹1.2 Cr | Open | |
| 06 Oct 2022 | 100642671 | Hdfc Bank Limited | ₹16.5 Lakh | Open |
To see the full charge records of Itech Workshop Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Itech Workshop 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 Itech Workshop Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Itech Workshop has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI5300E1Z1 | Karnataka | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of Itech Workshop Private Limited, buy the company report.
Recent activity
Itech Workshop Private Limited has 6 board changes on record since 1998: 5 appointments and 1 cessation. The latest: Terence Bastian George was appointed as Director on 22 Nov 2023.
Charges
A charge with Others amounted to Rs. 130.00 Lakh with Charge ID 101195629 was registered on 23 Oct 2025.
Charges
A charge with Others of Rs. 120.00 Lakh registered on 21 Apr 2023 with Charge ID 100741835 was modified on 03 Dec 2024.
AGM
Itech Workshop Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Itech Workshop Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Terence Bastian George was appointed as Director.
Charges
A charge with Others amounted to Rs. 120.00 Lakh with Charge ID 100741835 was registered on 21 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 16.50 Lakh with Charge ID 100642671 was registered on 06 Oct 2022.
Ceased
Srinivas Ramachandra ceased to be Director.
Appointed
Prabhakar Mysore Ramachandra Rao was appointed as Director.
Appointed
Shanti Sivakumar was appointed as Director.
Appointed
Srinivas Ramachandra was appointed as Director.
Appointed
Sivakumar Narayanaswamy was appointed as Whole-Time Director.
1 earlier event is in the company report.
Frequently asked questions
Itech Workshop is an active private limited company based in Bangalore, Karnataka, India. The company works in medical transcription, within the business outsourcing industry. It was incorporated on 21 August 1998 (28+ years old) and is registered under CIN U85110KA1998PTC024114.
Itech Workshop has 4 current directors:
- Sivakumar Narayanaswamy - Whole-Time Director
- Shanti Sivakumar - Director
- Prabhakar Mysore Ramachandra Rao - Director
- Terence Bastian George - Director
The latest financial statements of Itech Workshop on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Itech Workshop is 29AAACI5300E1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Itech Workshop is U85110KA1998PTC024114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itech Workshop was incorporated on 21 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Terence Bastian George was appointed as Director on 22 Nov 2023. Srinivas Ramachandra ceased to be Director on 27 Mar 2016. Prabhakar Mysore Ramachandra Rao was appointed as Director on 16 Jul 2012. Itech Workshop has 6 board changes on record in total.
Yes, Itech Workshop is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0023653).
Itech Workshop can be reached through the website itechws.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Itech Workshop is at No.26A 3rd And 4th Floor Krishna Reddy Layout Domlur, Bangalore, Karnataka, India – 560071.
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