About Itwine Technologies Private Limited
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Itwine Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 November 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62099KA2000PTC028196. Its GSTIN is 29AAACI7993K1ZT (Karnataka).
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors Shivapooja Gopalasetty Sureshbabu (Managing Director) and Namitha Suresh.
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 Suite #105 Casandree 8 Andree Road Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.75 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹34.18 Lakh (net margin -19.5%) and EBITDA of -₹22.67 Lakh (EBITDA margin -13%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 8% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iTWINE Technologies. As per MCA filings, the company has open charges of ₹17 Lakh on record. The company has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹1.44 Cr; the latest was in December 2008. Its 9 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 4 smaller; the largest is Xinct Technologies Private Limited with revenue of ₹1.76 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itwinetech.com.
Company details
CIN history
Itwine Technologies has one previous CIN (Corporate Identification Number): U72200KA2000PTC028196. The current CIN is U62099KA2000PTC028196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099KA2000PTC028196 | Current |
| U72200KA2000PTC028196 | Previous |
Contact details
Itwine Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is itwinetech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSuite #105 Casandree 8 Andree Road Bangalore, Karnataka, India – 560027
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Itwine Technologies 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
Itwine Technologies operates one associated brand: iTWINE Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT solutions and services are provided by iTWINE Technologies. | itwinetech.com |
Business activity
The main business activity of Itwine Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Itwine Technologies Private Limited, buy the company report.
Financials of Itwine Technologies Private Limited
FY 2024 filings availableItwine Technologies Private Limited reported revenue of ₹1.75 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 42% fall in the latest year. EBITDA rose 4% 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 | -₹22.67 Lakh | ||||
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| Net Profit (PAT) | -₹34.18 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 | -13% | ||||
| Net Profit Margin | -19.5% | ||||
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To see the full financial statements and ratios of Itwine Technologies Private Limited, buy the company report.
Board of directors of Itwine Technologies Private Limited
Itwine Technologies 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 |
|---|---|---|---|---|
| Namitha Suresh Also directs: Medspec Technologies LLP | Director | 30 Mar 2006 | 20 Years 7 Months | Current |
| Shivapooja Gopalasetty Sureshbabu Also directs: Medspec Technologies LLP, Hiremath Granites Private Limited | Managing Director | 27 Nov 2000 | 25 Years 11 Months | Current |
Peer comparison
Itwine Technologies Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xinct Technologies Private Limited | ₹1.76 Cr (FY 2023) | 400.0% | Cuttack, Odisha, India | |||
| Techzook Erp Solutions Private Limited | ₹1.75 Cr (FY 2025) | -7.0% | Majitha, Punjab, India | |||
| Nslash Techlabs Private Limited | ₹1.75 Cr (FY 2022) | -4.0% | Ahmedabad, Gujarat, India | |||
| Essence Software Solutions Private Limited | ₹1.75 Cr (FY 2024) | -4.0% | Gurgaon, Haryana, India | |||
| Wehoop Technologies Private Limited | ₹1.75 Cr (FY 2025) | -32.0% | Lucknow, Uttar Pradesh, India | |||
| Itwine Technologies Private Limitedthis company | ₹1.75 Cr (FY 2025) | -₹34.18 Lakh | -19.5% | -42.0% | 25 | Bangalore, Karnataka, India |
| Aj Systel Private Limited | ₹1.75 Cr (FY 2024) | -8.0% | Delhi, India | |||
| Apsis Consulting Services Private Limited | ₹1.75 Cr (FY 2025) | -22.0% | Pune, Maharashtra, India | |||
| Diverse Web Strategies Private Limited | ₹1.75 Cr (FY 2025) | 1.0% | Jaipur, Rajasthan, India | |||
| Innomick Technology Private Limited | ₹1.75 Cr (FY 2025) | -39.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Itwine Technologies Private Limited, buy the company report.
Auditor
Itwine Technologies Private Limited is audited by C K PARTHA SARTHY AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K PARTHA SARTHY AND CO | FY 2023 | 0098558 |
Shareholding
The shareholding of Itwine Technologies 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Itwine Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 2022 | 100572038 | Others | ₹17 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Itwine Technologies Private Limited has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹1.44 Cr; the latest was in December 2008.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Acquisition | Undisclosed | Seller: KITVEN |
| Dec 2001 | Funding round | ₹1.44 Cr | Investors: KITVEN, NVCF Finance Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Itwine Technologies 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 Itwine Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itwine Technologies Private Limited has a workforce of 25 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 25 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Itwine Technologies Private Limited, buy the company report.
GST
Itwine Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI7993K1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Itwine Technologies Private Limited, buy the company report.
Recent activity
Itwine Technologies Private Limited has 3 board changes on record since 2000: 2 appointments and 1 cessation. The latest: Srinivas Ramachandra ceased to be Director on 11 Feb 2008.
Frequently asked questions
Itwine Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 November 2000 (26+ years old) and is registered under CIN U62099KA2000PTC028196.
Itwine Technologies has 2 current directors:
- Shivapooja Gopalasetty Sureshbabu - Managing Director
- Namitha Suresh - Director
The latest financial statements of Itwine Technologies 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 Itwine Technologies is 29AAACI7993K1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Itwine Technologies is U62099KA2000PTC028196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itwine Technologies was incorporated on 27 November 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
Itwine Technologies has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹1.44 Cr; the latest was in December 2008.
The peers of Itwine Technologies by revenue are Xinct Technologies Private Limited, Techzook Erp Solutions Private Limited, Nslash Techlabs Private Limited, Essence Software Solutions Private Limited, Wehoop Technologies Private Limited and 4 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Srinivas Ramachandra ceased to be Director on 11 Feb 2008. Namitha Suresh was appointed as Director on 30 Mar 2006. Shivapooja Gopalasetty Sureshbabu was appointed as Managing Director on 27 Nov 2000.
Itwine Technologies can be reached through the website itwinetech.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Itwine Technologies is at Suite #105 Casandree 8 Andree Road Bangalore, Karnataka, India – 560027.
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