MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0055230
Ittiam Systems Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹136.64 Cr
▲ 3% YoY
Net profit · FY 2025
₹45.17 Cr
Net margin 33.1%
EBITDA · FY 2025
₹67.92 Cr
EBITDA margin 49.7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹78.74 Lakh
Issued & subscribed
Open charges
₹12 Cr
Satisfied ₹24.4 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
47
Provident fund records
About Ittiam Systems Private Limited
Data last updated:
Ittiam Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 03 January 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2001PTC028392. Its GSTIN is 29AAACI7628B1ZO (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹78.74 Lakh. It is led by directors including Srinivasan Rajam (Managing Director) and Ganesan Ravishanker (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Consulate – 1 No.1 Richmond Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹136.64 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹45.17 Cr (net margin 33.1%) and EBITDA of ₹67.92 Cr (EBITDA margin 49.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 18% over five years.
The company has about 47 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ittiam. As per MCA filings, the company has open charges of ₹12 Cr and satisfied charges of ₹24.4 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹46.19 Cr; the latest was in August 2022. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 25 overdue payments to 9 micro and small suppliers.
Ittiam Systems Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0055230). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ittiam.com.
Company details
CIN U72900KA2001PTC028392
Registration Number 028392
Incorporation Date 03 January 2001
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0055230
Key People
Srinivasan Rajam Managing Director Ganesan Ravishanker Whole-Time Director Andrew Johann Bhagyanathan Director Recognitions & Rankings of Ittiam Systems
Contact details
Ittiam Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is ittiam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressConsulate – 1 No.1 Richmond Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Ittiam Systems Private Limited, buy the company report.
Comprehensive company report
Ittiam 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
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Brands
Ittiam Systems operates one associated brand: Ittiam. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Video encoding and transcoding solutions are provided for various applications. | ittiam.com |
Business activity
The main business activity of Ittiam 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 Ittiam Systems Private Limited, buy the company report.
Financials of Ittiam Systems Private Limited
FY 2025 filings availableIttiam Systems Private Limited reported revenue of ₹136.64 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹136.64 Cr ▲ 3%
Net profit · FY 2025
₹45.17 Cr margin 33.1%
EBITDA · FY 2025
₹67.92 Cr margin 49.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 14%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 18%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 3% growth in the latest year. EBITDA fell 6% 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 | ₹67.92 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹45.17 Cr | ||||
| Balance Sheet | |||||
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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 | 49.7% | ||||
| Net Profit Margin | 33.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ittiam Systems Private Limited, buy the company report.
Board of directors of Ittiam Systems Private Limited
Ittiam Systems has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasan Rajam | Managing Director | 03 Jan 2001 | 25 Years 9 Months | Current |
| Andrew Johann Bhagyanathan Also directs: Ittiam Media Labs Private Limited | Director | 23 Jul 2021 | 5 Years 3 Months | Current |
| Ganesan Ravishanker Also directs: Ittiam Media Labs Private Limited | Whole-Time Director | 27 Nov 2004 | 21 Years 10 Months | Current |
| Brian Byunggook Lee | Nominee Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Srinivasan Mukund | Director | 22 Nov 2021 | 4 Years 11 Months | Current |
Auditor
Ittiam Systems Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Ittiam Systems 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 Ittiam Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12 Cr
Satisfied charges
₹24.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2018 | 100207069 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 28 Aug 2018 | 100207072 | Hdfc Bank Limited | ₹12 Cr | Satisfied | |
| 26 Feb 2008 | 10096057 | Axis Bank Ltd | ₹10 Cr | Satisfied | |
| 29 Aug 2001 | 80047214 | Global Trust Bank Limited | ₹1.75 Cr | Satisfied | |
| 10 May 2001 | 80051764 | Bank of Novascotia | ₹65 Lakh | Satisfied |
To see the full charge records of Ittiam Systems Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ittiam Systems Private Limited has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹46.19 Cr; the latest was in August 2022.
Total deals
24
Secondary share transfers
18
Funding rounds
5
Acquisition
1
Disclosed funding
₹46.19 Cr
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Seller: Tanglin Developments Limited , 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tanglin Developments Limited |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tanglin Developments Limited |
| Nov 2019 | Secondary share transfer | Undisclosed | Seller: Tanglin Developments Limited , 2 individuals |
| Jun 2014 | Acquisition | Undisclosed | Buyer: Broadcom Corp. Seller: Ittiam Systems Private Limited |
To see the full deal history of Ittiam Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ittiam Systems Private Limited has 4 court cases on record: 1 filed by Ittiam Systems, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by Cem Solutions Pvt Ltd | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Bharath Co Operative Bank (Mumbai) Limited | Disposed |
| High Court, KARNATAKA | Tax appeal | Filed against the company by Principal Commissioner of Income Tax -3 and 1 other | Disposed |
| High Court, KARNATAKA | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-3 | Disposed |
To see the full case history of Ittiam Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ittiam Systems Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 25 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| G.P Solution | |||
| S-Mac Security Services Private Limited | |||
| Adithya and Vishwas | |||
| Careernet Technologies Private Limited | |||
| Innoworq Infotech Private Limited |
To see the full MSME payment records of Ittiam Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ittiam Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ittiam Media Labs Private Limited | U72900KA2003PTC031927 |
To see the full group structure of Ittiam Systems Private Limited, buy the company report.
Employees & EPFO
Ittiam Systems Private Limited has a workforce of 47 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
47
Active EPFO establishments
1
Employee growth
-9.62%
GST
Ittiam Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI7628B1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ittiam Systems Private Limited, buy the company report.
Recent activity
Ittiam Systems Private Limited has 15 board changes on record since 2001: 5 appointments and 10 cessations. The latest: Srinivasan Mukund ceased to be Additional Director on 24 Nov 2021.
AGM
Ittiam Systems Private Limited last Annual general meeting of members was held on 18 Jul 2025 as per latest MCA records.
Filing
Ittiam Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Srinivasan Mukund ceased to be Additional Director.
Ceased
Brian Byunggook Lee ceased to be Nominee Director.
Appointed
Brian Byunggook Lee was appointed as Nominee Director.
Appointed
Srinivasan Mukund was appointed as Director.
Charges
A charge registered on 28 Aug 2018 via Charge ID 100207072 with Hdfc Bank Limited was fully satisfied on 18 Oct 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 12.00 Cr registered on 20 Sep 2018 with Charge ID 100207069 was modified on 02 Sep 2021.
Appointed
Andrew Johann Bhagyanathan was appointed as Director.
Ceased
Andrew Johann Bhagyanathan ceased to be Additional Director.
Charges
A charge registered on 26 Feb 2008 via Charge ID 10096057 with Axis Bank Ltd was fully satisfied on 14 Jun 2021.
Ceased
Sattam Dasgupta ceased to be Whole-Time Director.
18 earlier events are in the company report.
News
Frequently asked questions
Ittiam Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 03 January 2001 (25+ years old) and is registered under CIN U72900KA2001PTC028392.
Ittiam Systems has 5 current directors:
- Srinivasan Rajam - Managing Director
- Ganesan Ravishanker - Whole-Time Director
- Andrew Johann Bhagyanathan - Director
- Brian Byunggook Lee - Nominee Director
- Srinivasan Mukund - Director
The latest financial statements of Ittiam Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ittiam Systems is 29AAACI7628B1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Ittiam Systems is U72900KA2001PTC028392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ittiam Systems has 4 court cases on record: 1 filed by the company and 3 filed against it.
Ittiam Systems was incorporated on 03 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Ittiam Systems has 24 deals on record (18 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹46.19 Cr; the latest was in August 2022.
Srinivasan Mukund ceased to be Additional Director on 24 Nov 2021. Brian Byunggook Lee ceased to be Nominee Director on 23 Nov 2021. Brian Byunggook Lee was appointed as Nominee Director on 22 Nov 2021. Ittiam Systems has 15 board changes on record in total.
Yes, Ittiam Systems is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0055230).
Ittiam Systems has 3 MSME Form 1 returns on record between 2022 and 2023, listing 25 overdue payments to 9 micro and small suppliers. The latest return was filed on 29 Aug 2023.