MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0156902
Ivtree IT Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.05 Cr
▼ 29% YoY
Net profit · FY 2024
₹21.9 Lakh
Net margin 7.2%
EBITDA · FY 2024
₹30.5 Lakh
EBITDA margin 10%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹30 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
23
Provident fund records
About Ivtree IT Solutions Private Limited
Data last updated:
Ivtree IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC092688. Its GSTIN is 29AAECI1151R1Z5 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Soham Kar and Paramita Roy.
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 Akshay Tech Park 72 – 73 Epip Zone Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.05 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹21.9 Lakh (net margin 7.2%) and EBITDA of ₹30.5 Lakh (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 44% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ivtree. As per MCA filings, the company has open charges of ₹30 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
Ivtree IT Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0156902). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ivtree.com.
Company details
CIN U72900KA2016PTC092688
Registration Number 092688
Incorporation Date 29 April 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0156902
Key People
Soham Kar Director Paramita Roy Director Recognitions & Rankings of Ivtree IT Solutions
Contact details
Ivtree IT Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ivtree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAkshay Tech Park 72 – 73 Epip Zone Whitefield, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ivtree IT Solutions Private Limited, buy the company report.
Comprehensive company report
Ivtree IT Solutions 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
Brands
Ivtree IT Solutions operates one associated brand: IVTREE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers product development, engineering, and cloud services to organizations globally. | ivtree.com |
Business activity
The main business activity of Ivtree IT Solutions 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 Ivtree IT Solutions Private Limited, buy the company report.
Financials of Ivtree IT Solutions Private Limited
FY 2024 filings availableIvtree IT Solutions Private Limited reported revenue of ₹3.05 Cr (down 29% YoY) for FY 2024.
Revenue · FY 2024
₹3.05 Cr ▼ 29%
Net profit · FY 2024
₹21.9 Lakh margin 7.2%
EBITDA · FY 2024
₹30.5 Lakh margin 10%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 10%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 4%
5 years · compounded
▲ 41%
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA fell 44% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹30.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.9 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ivtree IT Solutions Private Limited, buy the company report.
Board of directors of Ivtree IT Solutions Private Limited
Ivtree IT Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soham Kar Also directs: Digitcluster LLP | Director | 29 Apr 2016 | 10 Years 5 Months | Current |
| Paramita Roy | Director | 29 Apr 2016 | 10 Years 5 Months | Current |
Peer comparison
Ivtree IT Solutions Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| 7Minion Technology Private Limited | ₹3.06 Cr (FY 2025) | 154.0% | Gurugram, Haryana, India | |||
| Winbee Builders Private Limited | ₹3.06 Cr (FY 2024) | 1.0% | Coimbatore, Tamil Nadu, India | |||
| Morser Solutions Private Limited | ₹3.06 Cr (FY 2024) | 136.0% | Jaipur, Rajasthan, India | |||
| Alpha Finsoft Private Limited | ₹3.06 Cr (FY 2025) | 55.0% | Mumbai, Maharashtra, India | |||
| Rmscloud Software Private Limited | ₹3.05 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Ivtree IT Solutions Private Limitedthis company | ₹3.05 Cr (FY 2024) | ₹21.9 Lakh | 7.2% | -29.0% | 23 | Bangalore, Karnataka, India |
| Techindo Systems Private Limited | ₹3.05 Cr (FY 2025) | -83.0% | Agra, Uttar Pradesh, India | |||
| Genwi Technology India Private Limited | ₹3.05 Cr (FY 2016) | 5.0% | Bangalore, Karnataka, India | |||
| Thinqor Solutions Private Limited | ₹3.05 Cr (FY 2024) | 23.0% | Hyderabad, Telangana, India | |||
| Ace Data Devices Private Limited | ₹3.05 Cr (FY 2024) | -16.0% | New Delhi, Delhi, India | |||
| Getlaunched Solutions Private Limited | ₹3.05 Cr (FY 2025) | 1.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Ivtree IT Solutions Private Limited, buy the company report.
Auditor
Ivtree IT Solutions Private Limited is audited by VISHWANATH N VISHWAKARMA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHWANATH N VISHWAKARMA | FY 2023 | 206262 |
Shareholding
The shareholding of Ivtree IT Solutions 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ivtree IT Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2023 | 100718448 | Hdfc Bank Limited | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Ivtree IT Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (OP(TM)) | Filed against the company by Universal Navigation Inc | Pending |
| Madras High Court | Court case (OP(TM)) | Filed against the company by Universal Navigation Inc | Pending |
To see the full case history of Ivtree IT Solutions 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
No delayed payments to MSME suppliers are on our record for Ivtree IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ivtree IT Solutions Private Limited has a workforce of 23 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
-8%
GST
Ivtree IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI1151R1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ivtree IT Solutions Private Limited, buy the company report.
Recent activity
Ivtree IT Solutions Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Paramita Roy was appointed as Director on 29 Apr 2016.
AGM
Ivtree It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ivtree It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.00 Lakh with Charge ID 100718448 was registered on 28 Mar 2023.
Appointed
Paramita Roy was appointed as Director.
Appointed
Soham Kar was appointed as Director.
Incorporation
29 Apr 2016
Ivtree It Solutions Private Limited was registered on 29 Apr 2016 with Roc Bangalore & aged 10 years 5 months as per MCA records.
Frequently asked questions
Ivtree IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 April 2016 (10+ years old) and is registered under CIN U72900KA2016PTC092688.
Ivtree IT Solutions has 2 current directors:
- Soham Kar - Director
- Paramita Roy - Director
The latest financial statements of Ivtree IT Solutions 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 FY 2017 are in the company report.
The GSTIN of Ivtree IT Solutions is 29AAECI1151R1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Ivtree IT Solutions is U72900KA2016PTC092688. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivtree IT Solutions has 2 court cases on record: 2 filed against it. 2 are pending.
Ivtree IT Solutions was incorporated on 29 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ivtree IT Solutions by revenue are 7Minion Technology Private Limited, Winbee Builders Private Limited, Morser Solutions Private Limited, Alpha Finsoft Private Limited, Rmscloud Software Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Paramita Roy was appointed as Director on 29 Apr 2016. Soham Kar was appointed as Director on 29 Apr 2016.
Yes, Ivtree IT Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0156902).
Ivtree IT Solutions can be reached through the website ivtree.com. Its registered office is in Bangalore, Karnataka, India.