Startup India Government of India
Kalpas Innovations Private Limited - information technology in Hubli, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.12 Cr
▼ 6% YoY
Net loss · FY 2025
₹54.63 Lakh
Net margin -48.8%
EBITDA · FY 2025
-₹52.07 Lakh
EBITDA margin -46.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Open charges
₹5 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Kalpas Innovations Private Limited
Data last updated:
Kalpas Innovations Private Limited is a private limited company based in Hubli, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC131612. Its GSTIN is 29AAHCK9721E1ZB (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹50,000. It is led by directors Kiran Vithal Katarki and Kishore Kulkarni.
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 Mig – 42 New Khb Colony Gamanagatti Nava Nagar, Hubli, Karnataka, India – 580025.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.12 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹54.63 Lakh (net margin -48.8%) and EBITDA of -₹52.07 Lakh (EBITDA margin -46.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company is associated with 1 brand: Kalpas. As per MCA filings, the company has open charges of ₹5 Lakh on record.
Kalpas Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-13-0029181). For more details, the company can be reached via its website kalpas.in.
Company details
CIN U72900KA2020PTC131612
Registration Number 131612
Incorporation Date 15 January 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-13-0029181
Recognitions & Rankings of Kalpas Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-13-0029181
Contact details
Kalpas Innovations Private Limited's registered office is in Hubli, Karnataka. Its website is kalpas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMig – 42 New Khb Colony Gamanagatti Nava Nagar, Hubli, Karnataka, India – 580025
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Kalpas Innovations Private Limited, buy the company report.
Comprehensive company report
Kalpas Innovations 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 Kalpas Innovations 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 Kalpas Innovations Private Limited, buy the company report.
Financials of Kalpas Innovations Private Limited
FY 2025 filings availableKalpas Innovations Private Limited reported revenue of ₹1.12 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹1.12 Cr ▼ 6%
Net loss · FY 2025
₹54.63 Lakh margin -48.8%
EBITDA · FY 2025
-₹52.07 Lakh margin -46.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▼ 899%
3 years · compounded
▼ 164%
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 899% 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 |
|---|---|---|---|---|---|
| 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 | -₹52.07 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.63 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -46.5% | ||||
| Net Profit Margin | -48.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Kalpas Innovations Private Limited, buy the company report.
Board of directors of Kalpas Innovations Private Limited
Kalpas Innovations has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Vithal Katarki | Director | 15 Jan 2020 | 6 Years 9 Months | Current |
| Kishore Kulkarni | Director | 15 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Kalpas Innovations 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 |
|---|---|---|---|---|---|---|
| Quinnel Soft Private Limited | ₹1.12 Cr (FY 2024) | 30.0% | Chennai, Tamil Nadu, India | |||
| Ornate Software Solutions Private Limited | ₹1.12 Cr (FY 2025) | -54.0% | Chapra, Bihar, India | |||
| Nshine Technologies Private Limited | ₹1.12 Cr (FY 2024) | 9.0% | Ramachandrapuram, Telangana, India | |||
| Brain Teclabs Private Limited | ₹1.12 Cr (FY 2024) | 14.0% | Ahmedabad, Gujarat, India | |||
| Kalpas Innovations Private Limitedthis company | ₹1.12 Cr (FY 2025) | -₹54.63 Lakh | -48.8% | -6.0% | Hubli, Karnataka, India | |
| Silicon Yard Private Limited | ₹1.12 Cr (FY 2025) | -34.0% | Gulbarga, Karnataka, India | |||
| Avadhut Software Private Limited | ₹1.12 Cr (FY 2024) | 113.0% | Belgaum, Karnataka, India | |||
| Celeris Technologies Private Limited | ₹1.12 Cr (FY 2022) | 485.0% | Chennai, Tamil Nadu, India | |||
| Genesis Tech Systems Private Limited | ₹1.12 Cr (FY 2024) | 58.0% | Hyderabad, Telangana, India | |||
| Logicmotive Consultant Private Limited | ₹1.12 Cr (FY 2025) | 205.0% | Pune, Maharashtra, India |
To see the full peer comparison of Kalpas Innovations Private Limited, buy the company report.
Auditor
Kalpas Innovations Private Limited is audited by Pavan R Pujari & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pavan R Pujari & Company | FY 2023 | 021268S |
Shareholding
The shareholding of Kalpas Innovations Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kalpas Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2023 | 100683005 | State Bank of India | ₹5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Kalpas Innovations 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 Kalpas Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kalpas Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCK9721E1ZB | Karnataka | Active | 16 Oct 2020 |
To see the full GST registrations and return filing status of Kalpas Innovations Private Limited, buy the company report.
Recent activity
Kalpas Innovations Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Kiran Vithal Katarki was appointed as Director on 15 Jan 2020.
AGM
Kalpas Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kalpas Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 5.00 Lakh with Charge ID 100683005 was registered on 16 Jan 2023.
Appointed
Kiran Vithal Katarki was appointed as Director.
Appointed
Kishore Kulkarni was appointed as Director.
Incorporation
15 Jan 2020
Kalpas Innovations Private Limited was registered on 15 Jan 2020 with Roc Bangalore & aged 6 years 9 months as per MCA records.
Frequently asked questions
Kalpas Innovations is an active private limited company based in Hubli, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 January 2020 (6+ years old) and is registered under CIN U72900KA2020PTC131612.
Kalpas Innovations has 2 current directors:
- Kiran Vithal Katarki - Director
- Kishore Kulkarni - Director
The latest financial statements of Kalpas Innovations 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 2020 are in the company report.
The GSTIN of Kalpas Innovations is 29AAHCK9721E1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Kalpas Innovations is U72900KA2020PTC131612. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kalpas Innovations was incorporated on 15 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Kalpas Innovations by revenue are Quinnel Soft Private Limited, Ornate Software Solutions Private Limited, Nshine Technologies Private Limited, Brain Teclabs Private Limited, Silicon Yard Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Kiran Vithal Katarki was appointed as Director on 15 Jan 2020. Kishore Kulkarni was appointed as Director on 15 Jan 2020.
Yes, Kalpas Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Kalpas Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-13-0029181).
Kalpas Innovations can be reached through the website kalpas.in. Its registered office is in Hubli, Karnataka, India.