About Iunite Technologies Private Limited
Data last updated:
Iunite Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 April 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC102622. Its GSTIN is 29AAECI4822P1Z1 (Karnataka).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Krishna Raj Sharma and Sunilkumar Pillai.
Its last annual general meeting (AGM) was held on 22 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹942.46 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹35.77 Cr (net margin 3.8%) and EBITDA of ₹56.25 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 595% over three years.
Its group structure included 1 subsidiary.
The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹29.5 Cr; the latest was in April 2018. Its 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Hashedin Technologies Private Limited.
The last known website on record is ivalue.co.in.
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- Website
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- Registered Address# 20 1st Cross Annapoorneshwari Temple New Bank Colony Konanakunte Doddakalla, Sandra, Bangalore, Karnataka, India – 560062
- IndustryInformation Technology, Application Development & Software 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 Iunite Technologies Private Limited
The main business activity of Iunite Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Iunite Technologies Private Limited FY 2021 filings available
Iunite Technologies Private Limited reported revenue of ₹942.46 Cr (up 11% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Iunite Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 595% over three years, including 11% growth in the latest year. EBITDA rose 15% 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 Iunite Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| 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 | ₹56.25 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.77 Cr | •••• | •••• | •••• |
| 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 Iunite Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6% | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• |
| 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 Iunite Technologies are in the company report.
Financial statements from FY 2018
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 Iunite Technologies Private Limited
Iunite Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hashedin Technologies Private Limited | •••• | •••• | •••• | •••• | 3,475 | Bangalore South, Karnataka, India |
| F5 Networks Innovation Private Limited | •••• | •••• | •••• | •••• | 973 | Hyderabad, Telangana, India |
| Abb Business Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Musarubra Software India Private Limited | •••• | •••• | •••• | •••• | 1,806 | Bangalore, Karnataka, India |
| Encora Innovation Labs India Private Limited | •••• | •••• | •••• | •••• | 254 | Bangalore North, Karnataka, India |
| Iunite Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Hexagon Capability Center India Private Limited | •••• | •••• | •••• | •••• | 2,008 | Hyderabad, Telangana, India |
| Infogain India Private Limited | •••• | •••• | •••• | •••• | 3,052 | Noida, Uttar Pradesh, India |
| Latent View Analytics Limited Listed | •••• | •••• | •••• | •••• | 1,191 | Chennai, Tamil Nadu, India |
| Trigyn Technologies Limited Listed | •••• | •••• | •••• | •••• | 746 | Mumbai, Maharashtra, India |
| Minfy Technologies Private Limited | •••• | •••• | •••• | •••• | 321 | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Iunite Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Iunite Technologies Private Limited
Auditor information for Iunite Technologies Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Iunite Technologies Private Limited
Iunite Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Raj Sharma Also directs: Ivalue Infosolutions Limited, Aspl Info Services Private Limited | Director | 18 Dec 2017 | 8 Years 9 Months | As last reported |
| Sunilkumar Pillai Also directs: Ivalue Infosolutions Limited, Aspl Info Services Private Limited | Director | 18 Dec 2017 | 8 Years 9 Months | As last reported |
Ownership and Shareholding of Iunite Technologies 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 Iunite Technologies Private Limited
Iunite Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Iunite Technologies Private Limited
Iunite Technologies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹29.5 Cr; the latest was in April 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Funding round | ₹29.5 Cr | Investors: iValue Infosolutions Private Limited |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Iunite Technologies Private Limited
Employment history and EPFO contributions of people linked to Iunite Technologies.
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.
Group Structure of Iunite Technologies Private Limited
Iunite Technologies has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ivalue Infosolutions Private Limited | U72200KA2008PTC045995 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Iunite Technologies Private Limited
Iunite Technologies Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Krishna Raj Sharma ceased to be Additional Director on 29 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Iunite Technologies 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 Iunite Technologies 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 Iunite Technologies 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 Iunite Technologies Private Limited
Iunite Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI4822P1Z1 | Karnataka | Active | 28 Sep 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 Iunite Technologies 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 Iunite Technologies Private Limited
Iunite Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Iunite Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 27 April 2017 and is registered under CIN U72900KA2017PTC102622. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Iunite Technologies was incorporated on 27 April 2017. It is registered with the Registrar of Companies, Bangalore.
Iunite Technologies had 2 directors:
- Krishna Raj Sharma - Director
- Sunilkumar Pillai - Director
The CIN (Corporate Identification Number) of Iunite Technologies is U72900KA2017PTC102622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Iunite Technologies is at # 20 1st Cross Annapoorneshwari Temple New Bank Colony Konanakunte Doddakalla, Sandra, Bangalore, Karnataka, India – 560062.
Iunite Technologies can be reached through the website ivalue.co.in. Its registered office is in Bangalore, Karnataka, India.
Iunite Technologies reported revenue of ₹942.46 Cr for FY 2021 (up 11% YoY).
Iunite Technologies has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Iunite Technologies reported a net profit of ₹35.77 Cr (net margin 3.8%) and EBITDA of ₹56.25 Cr (EBITDA margin 6%) for FY 2021, as per its filed financial statements.
The GSTIN of Iunite Technologies is 29AAECI4822P1Z1, registered in Karnataka.