N Squared Technologies India Private Limited
About N Squared Technologies India Private Limited
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N Squared Technologies India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of N Squared Technologies Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 February 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021FTC143931. Its GSTIN is 29AAHCN4234B1ZO (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ravinder Parkash Seth and Fred Jay Portnoy.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.58 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹61.03 Lakh (net margin -38.7%) and EBITDA of -₹73.07 Lakh (EBITDA margin -46.4%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
Company details
Contact details
N Squared Technologies India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Bhive Workspace No.467/468 Situated On Shri Krishna Temple Rd, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of N Squared Technologies India 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
Business activity
The main business activity of N Squared Technologies India is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of N Squared Technologies India Private Limited, buy the company report.
Financials of N Squared Technologies India Private Limited
FY 2025 filings availableN Squared Technologies India Private Limited reported revenue of ₹1.58 Cr (down 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 74% fall in the latest year. EBITDA fell 173% 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 | -₹73.07 Lakh | ||||
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| Net Profit (PAT) | -₹61.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -46.4% | ||||
| Net Profit Margin | -38.7% | ||||
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To see the full financial statements and ratios of N Squared Technologies India Private Limited, buy the company report.
Board of directors of N Squared Technologies India Private Limited
N Squared Technologies India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravinder Parkash Seth Also directs: Gsu E Consulting LLP, Era Resorts Private Limited, Picasso Hospitality Private Limited and 5 more | Director | 08 Feb 2021 | 5 Years 8 Months | Current |
| Fred Jay Portnoy | Director | 13 Jul 2021 | 5 Years 3 Months | Current |
| Kunal Avinash Kumthekar Also directs: Kpin Real Estate Ventures LLP, Raa Investment Capital Advisory LLP, Plexus Capital Ventures Private Limited and 5 more | Director | 08 Feb 2021 | 5 Years 8 Months | Current |
| Naresh Nagpal | Director | 10 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
N Squared Technologies India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Blackgold Profiles Private Limited | ₹1.6 Cr (FY 2024) | -79.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Eminent Engitech Private Limited | ₹1.6 Cr (FY 2025) | 62.0% | Rajkot, Gujarat, India | |||
| SN Systems Private Limited | ₹1.6 Cr (FY 2019) | -56.0% | Pune, Maharashtra, India | |||
| Alcap Electronics Private Limited | ₹1.59 Cr (FY 2024) | 14.0% | Nashik, Maharashtra, India | |||
| E-Mac Opto Electronics Private Limited | ₹1.59 Cr (FY 2019) | -38.0% | Mumbai, Maharashtra, India | |||
| N Squared Technologies India Private Limitedthis company | ₹1.58 Cr (FY 2025) | -₹61.03 Lakh | -38.7% | -74.0% | Bangalore, Karnataka, India | |
| PNV Electronics and IT Services Private Limited | ₹1.57 Cr (FY 2025) | -14.0% | Gautam Budh Nagar, Uttar Pradesh, India | |||
| Graylinx Private Limited | ₹1.57 Cr (FY 2024) | -18.0% | Bangalore, Karnataka, India | |||
| Eoxys Systems India Private Limited | ₹1.57 Cr (FY 2025) | 35.0% | Bangalore, Karnataka, India | |||
| Alfa Machine Tools Private Limited | ₹1.56 Cr (FY 2024) | 12.0% | Chennai, Tamil Nadu, India | |||
| Wel-Lite Electricals and Electronics Private Limited | ₹1.54 Cr (FY 2018) | 14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of N Squared Technologies India Private Limited, buy the company report.
Auditor
N Squared Technologies India Private Limited is audited by Adarsh Sharma and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Adarsh Sharma and Co | FY 2023 | 017661N |
Shareholding
The shareholding of N Squared Technologies India 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 N Squared Technologies India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving N Squared Technologies India 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 N Squared Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
N Squared Technologies India Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
N Squared Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCN4234B1ZO | Karnataka | Active | 06 May 2021 |
To see the full GST registrations and return filing status of N Squared Technologies India Private Limited, buy the company report.
Recent activity
N Squared Technologies India Private Limited has 6 board changes on record since 2021: 4 appointments and 2 cessations. The latest: Fred Jay Portnoy ceased to be Additional Director on 03 Nov 2021.
Frequently asked questions
N Squared Technologies India is an active foreign 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 08 February 2021 (5+ years old) and is registered under CIN U72900KA2021FTC143931.
N Squared Technologies India has 4 current directors:
- Ravinder Parkash Seth - Director
- Fred Jay Portnoy - Director
- Kunal Avinash Kumthekar - Director
- Naresh Nagpal - Director
The latest financial statements of N Squared Technologies India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of N Squared Technologies India is 29AAHCN4234B1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of N Squared Technologies India is U72900KA2021FTC143931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
N Squared Technologies India was incorporated on 08 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of N Squared Technologies India by revenue are Blackgold Profiles Private Limited, Eminent Engitech Private Limited, SN Systems Private Limited, Alcap Electronics Private Limited, E-Mac Opto Electronics Private Limited and 5 more, all in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Fred Jay Portnoy ceased to be Additional Director on 03 Nov 2021. Naresh Nagpal ceased to be Additional Director on 03 Nov 2021. Fred Jay Portnoy was appointed as Director on 13 Jul 2021. N Squared Technologies India has 6 board changes on record in total.
The registered office of N Squared Technologies India is at CO Bhive Workspace No.467468 Situated On Shri Krishna Temple Rd, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038.
N Squared Technologies India operates in the information technology industry, in the application development and software solutions segment.
N Squared Technologies India can be reached at its registered office: CO Bhive Workspace No.467468 Situated On Shri Krishna Temple Rd, Indiranagar 1st Stage, Bangalore, Karnataka, India – 560038.