DPIIT recognised startup Government of India
Startup India
Itorix Systems Private Limited
Itorix Systems Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹97.66 Lakh
▲ 145% YoY
Net loss · FY 2023
₹12.85 Lakh
Net margin -13.2%
EBITDA · FY 2023
-₹11.31 Lakh
EBITDA margin -11.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
10
Provident fund records
Directors on board
2
As per MCA filings
About Itorix Systems Private Limited
Data last updated:
Itorix Systems Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Innoitus Pty Limited and recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC118372. Its GSTIN is 29AAFCI0616L1ZG (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Karan Poojari (Whole-Time Director) and Ramesh Chander Mulk Raj Arora.
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 2nd Floor Goodworks Cowork Akshay Tech Park Plot No. 72 & 73 Epip Zone Whitefield, Bengaluru, Karnataka, India – 560066.
As per the financials filed for FY 2023, the company reported a revenue of ₹97.66 Lakh, a growth of 145% compared to the previous year. For the same year it recorded a net loss of ₹12.85 Lakh (net margin -13.2%) and EBITDA of -₹11.31 Lakh (EBITDA margin -11.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
Itorix Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0274022).
Company details
CIN U74999KA2018PTC118372
Registration Number 118372
Incorporation Date 08 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Innoitus Pty Limited
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0274022
Recognitions & Rankings of Itorix Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0274022
Contact details
Itorix Systems Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Goodworks Cowork Akshay Tech Park Plot No. 72 & 73 Epip Zone Whitefield, Bengaluru, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Itorix Systems Private Limited, buy the company report.
Comprehensive company report
Itorix Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Itorix Systems 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 Itorix Systems Private Limited, buy the company report.
Financials of Itorix Systems Private Limited
FY 2025 filings availableItorix Systems Private Limited reported revenue of ₹97.66 Lakh (up 145% YoY) for FY 2023.
Revenue · FY 2023
₹97.66 Lakh ▲ 145%
Net loss · FY 2023
₹12.85 Lakh margin -13.2%
EBITDA · FY 2023
-₹11.31 Lakh margin -11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 145%
3 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 288%
3 years · compounded
▼ 71%
Revenue has grown at a compounded annual rate (CAGR) of 27% over three years, including 145% growth in the latest year. EBITDA fell 288% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹11.31 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.85 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.6% | ||||
| Net Profit Margin | -13.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Itorix Systems Private Limited, buy the company report.
Board of directors of Itorix Systems Private Limited
Itorix Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Poojari Also directs: Innoitus Systems Private Limited | Whole-Time Director | 22 Apr 2019 | 7 Years 6 Months | Current |
| Ramesh Chander Mulk Raj Arora | Director | 08 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Itorix Systems Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Outdu Mediatech Private Limited | ₹97.78 Lakh (FY 2024) | -48.0% | Bangalore, Karnataka, India | |||
| Rcas Software Solutions Private Limited | ₹97.7 Lakh (FY 2024) | -8.0% | Bangalore, Karnataka, India | |||
| Vecrear Technologies Private Limited | ₹97.69 Lakh (FY 2024) | -70.0% | Bangalore, Karnataka, India | |||
| Alevar Technologies India Private Limited | ₹97.67 Lakh (FY 2024) | 149.0% | Bangalore, Karnataka, India | |||
| Itorix Systems Private Limitedthis company | ₹97.66 Lakh (FY 2023) | -₹12.85 Lakh | -13.2% | 145.0% | 10 | Bengaluru, Karnataka, India |
| Nagaich Services Private Limited | ₹97.66 Lakh (FY 2025) | 63.0% | Gurgaon, Haryana, India | |||
| Apptmyz Technologies Private Limited | ₹97.64 Lakh (FY 2025) | -55.0% | Secunderabad, Telangana, India | |||
| Procureli India Private Limited | ₹97.62 Lakh (FY 2022) | -63.0% | Bangalore, Karnataka, India | |||
| Webmaxters Technologies Private Limited | ₹97.58 Lakh (FY 2018) | -56.0% | Kolkata, West Bengal, India | |||
| Mainstay Development Consultants Private Limited | ₹97.56 Lakh (FY 2025) | -41.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Itorix Systems Private Limited, buy the company report.
Auditor
Itorix Systems Private Limited is audited by KBR & CO CHARTERED ACCOUNTANTS for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KBR & CO CHARTERED ACCOUNTANTS | FY 2022 | 005479S |
Shareholding
The shareholding of Itorix Systems Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Itorix Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Itorix Systems 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 Itorix Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itorix Systems Private Limited has a workforce of 10 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
11.11%
GST
Itorix Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI0616L1ZG | Karnataka | Active | 02 Jan 2019 |
To see the full GST registrations and return filing status of Itorix Systems Private Limited, buy the company report.
Recent activity
Itorix Systems Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Parag Lokhande ceased to be Director on 22 Mar 2023.
AGM
Itorix Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Itorix Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Parag Lokhande ceased to be Director.
Ceased
Karan Poojari ceased to be Additional Director.
Ceased
Nirmala Tcs Pillai ceased to be Director.
Appointed
Karan Poojari was appointed as Whole-Time Director.
Ceased
Venkateshan Pillai ceased to be Director.
Appointed
Ramesh Chander Mulk Raj Arora was appointed as Director.
Incorporation
08 Nov 2018
Itorix Systems Private Limited was registered on 08 Nov 2018 with Roc Bangalore & aged 7 years 11 months as per MCA records.
Frequently asked questions
Itorix Systems is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 November 2018 (8+ years old) and is registered under CIN U74999KA2018PTC118372.
Itorix Systems has 2 current directors:
- Karan Poojari - Whole-Time Director
- Ramesh Chander Mulk Raj Arora - Director
The latest financial statements of Itorix Systems 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 2019 are in the company report.
The GSTIN of Itorix Systems is 29AAFCI0616L1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Itorix Systems is U74999KA2018PTC118372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itorix Systems was incorporated on 08 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Itorix Systems by revenue are Outdu Mediatech Private Limited, Rcas Software Solutions Private Limited, Vecrear Technologies Private Limited, Alevar Technologies India Private Limited, Nagaich Services Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Parag Lokhande ceased to be Director on 22 Mar 2023. Karan Poojari ceased to be Additional Director on 25 Sep 2021. Nirmala Tcs Pillai ceased to be Director on 30 Apr 2019. Itorix Systems has 6 board changes on record in total.
Yes, Itorix Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Itorix Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0274022).
The registered office of Itorix Systems is at 2nd Floor Goodworks Cowork Akshay Tech Park Plot No. 72 & 73 Epip Zone Whitefield, Bengaluru, Karnataka, India – 560066.