About Modicum Technologies Private Limited
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Modicum Technologies 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 22 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2018PTC114185. Its GSTIN is 29AALCM9248A1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bharateshwara and Narasimha Murthy Masthi Gowda.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at # 363 19th Main Road 1st Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.48 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹8.59 Lakh and EBITDA of -₹5.54 Lakh (EBITDA margin -374.5%).
As per MCA filings, the company has open charges of ₹7 Lakh on record.
For more details, the company can be reached via its website modicumtechnologies.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address# 363 19th Main Road 1st Block Rajajinagar, Bangalore, Karnataka, India – 560010
- 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 Modicum Technologies Private Limited
The main business activity of Modicum Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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.
Auditor Details of Modicum Technologies Private Limited
Modicum Technologies Private Limited is audited by NAGENDRA KINI & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAGENDRA KINI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Modicum Technologies Private Limited
Modicum Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharateshwara | Additional Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Narasimha Murthy Masthi Gowda | Additional Director | 31 Mar 2022 | 4 Years 6 Months | Current |
Financials of Modicum Technologies Private Limited FY 2021 filings available
Modicum Technologies Private Limited reported revenue of ₹1.48 Lakh (down 96% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Modicum Technologies Private Limited
Revenue fell 96% in the latest year. EBITDA fell 160% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Modicum Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.48 Lakh | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹5.54 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.59 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 of Modicum Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -374.5% | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• |
| 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 Modicum Technologies are in the company report.
Financial statements from FY 2019
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.
Ownership and Shareholding of Modicum 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 Modicum Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Dec 2018 | State Bank of India | ₹7 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Modicum Technologies Private Limited
Employment history and EPFO contributions of people linked to Modicum 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.
GST Compliance of Modicum Technologies Private Limited
Modicum Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM9248A1Z7 | Karnataka | Active | 25 Feb 2020 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Modicum 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 Modicum 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 Modicum 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.
MCA Filings & Documents of Modicum 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.
Recent Activity on Modicum Technologies Private Limited
Frequently Asked Questions about Modicum Technologies Private Limited
Modicum Technologies 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 22 June 2018 (8+ years old) and is registered under CIN U72200KA2018PTC114185.
Modicum Technologies reported revenue of ₹1.48 Lakh for FY 2021 (down 96% YoY).
Modicum Technologies has 2 current directors:
- Bharateshwara - Additional Director
- Narasimha Murthy Masthi Gowda - Additional Director
Modicum Technologies reported a net loss of ₹8.59 Lakh and EBITDA of -₹5.54 Lakh (EBITDA margin -374.5%) for FY 2021, as per its filed financial statements.
The GSTIN of Modicum Technologies is 29AALCM9248A1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Modicum Technologies is U72200KA2018PTC114185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modicum Technologies was incorporated on 22 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Modicum Technologies can be reached through the website modicumtechnologies.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Modicum Technologies is at # 363 19th Main Road 1st Block Rajajinagar, Bangalore, Karnataka, India – 560010.