MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0065484
Ncircle Tech Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹51.36 Cr
▲ 31% YoY
Net profit · FY 2024
₹9.26 Cr
Net margin 18%
EBITDA · FY 2024
₹11.37 Cr
EBITDA margin 22.1%
Authorised capital
₹7 Lakh
Registered with MCA
Paid-up capital
₹1.02 Lakh
Issued & subscribed
Open charges
₹33.31 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
244
Provident fund records
About Ncircle Tech Private Limited
Data last updated:
Ncircle Tech Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 05 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2012PTC144957. Its GSTIN is 27AAECN1773G1ZF (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors including Varun Bhartiya and Madhusudan Babulal Bhartiya.
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 S No 14 H 403 Park Royal Rahatani, Pune, Maharashtra, India – 411017.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.36 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹9.26 Cr (net margin 18%) and EBITDA of ₹11.37 Cr (EBITDA margin 22.1%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 23% over five years.
The company has about 244 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: ScantoBim and nCircle Tech. As per MCA filings, the company has open charges of ₹33.31 Cr on record.
Ncircle Tech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0065484). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ncircletech.com.
Company details
CIN U72900PN2012PTC144957
Registration Number 144957
Incorporation Date 05 October 2012
ROC Pune
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 Small
Udyam Registration UDYAM-MH-26-0065484
Key People
Ashok Narayan Korwar Additional Director Varun Bhartiya Director Madhusudan Babulal Bhartiya Director Recognitions & Rankings of Ncircle Tech
Contact details
Ncircle Tech Private Limited's registered office is in Pune, Maharashtra. Its website is ncircletech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS No 14 H 403 Park Royal Rahatani, Pune, Maharashtra, India – 411017
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Ncircle Tech Private Limited, buy the company report.
Comprehensive company report
Ncircle Tech 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
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Secure checkout · GST invoice included
Brands
Ncircle Tech operates two associated brands: ScantoBim and nCircle Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides ML-based automation for point cloud to BIM conversion services. | scantobim.ai | |
| Delivers comprehensive 3D engineering software and construction solutions. | ncircletech.com |
Business activity
The main business activity of Ncircle Tech 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 Ncircle Tech Private Limited, buy the company report.
Financials of Ncircle Tech Private Limited
FY 2024 filings availableNcircle Tech Private Limited reported revenue of ₹51.36 Cr (up 31% YoY) for FY 2024.
Revenue · FY 2024
₹51.36 Cr ▲ 31%
Net profit · FY 2024
₹9.26 Cr margin 18%
EBITDA · FY 2024
₹11.37 Cr margin 22.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 40%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 28%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 31% growth in the latest year. EBITDA rose 45% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | 22.1% | ||||
| Net Profit Margin | 18% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ncircle Tech Private Limited, buy the company report.
Board of directors of Ncircle Tech Private Limited
Ncircle Tech has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Narayan Korwar | Additional Director | 08 May 2025 | 1 Years 6 Months | Current |
| Varun Bhartiya | Director | 05 Oct 2012 | 14 Years 1 Months | Current |
| Madhusudan Babulal Bhartiya | Director | 05 Oct 2012 | 14 Years 1 Months | Current |
| Anand Waman Joshi Also directs: Instadelight Labs Private Limited | Director | 21 Apr 2023 | 3 Years 6 Months | Current |
| Tarika Jain | Director | 03 Sep 2013 | 13 Years 2 Months | Current |
Peer comparison
Ncircle Tech Private Limited is compared with the 6 companies closest to it by revenue in the Information Technology industry (Software Services), with 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 |
|---|---|---|---|---|---|---|
| Appzen Labs India Private Limited | ₹52.44 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Skillsoft Software Services India Private Limited | ₹52.42 Cr (FY 2022) | -5.0% | Bangalore, Karnataka, India | |||
| Addsoft Technologies Limited | ₹52.03 Cr (FY 2025) | 60.0% | Cuttack, Odisha, India | |||
| Aosta India Private Limited | ₹51.82 Cr (FY 2024) | 13.0% | Coimbatore, Tamil Nadu, India | |||
| Ncircle Tech Private Limitedthis company | ₹51.36 Cr (FY 2024) | ₹9.26 Cr | 18% | 31.0% | Pune, Maharashtra, India | |
| Transdigm Technologies India Private Limited | ₹51.18 Cr (FY 2025) | -15.0% | Bangalore, Karnataka, India | |||
| Aera Software Technology Private Limited | ₹51.1 Cr (FY 2024) | -3.0% | Pune, Maharashtra, India |
To see the full peer comparison of Ncircle Tech Private Limited, buy the company report.
Auditor
Ncircle Tech Private Limited is audited by BRMASS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRMASS & ASSOCIATES | FY 2023 | 119451 |
Shareholding
The shareholding of Ncircle Tech 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ncircle Tech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹33.31 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2025 | 101119404 | The Hongkong and Shanghai Banking Corporation Limited | ₹2 Cr | Open | |
| 17 Sep 2024 | 100990533 | Others | ₹14.31 Cr | Open | |
| 04 Jun 2024 | 100963638 | Axis Bank Limited | ₹17 Cr | Open |
To see the full charge records of Ncircle Tech Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Ncircle Tech 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
Ncircle Tech Private Limited has 7 MSME Form 1 returns on record between 2019 and 2020, listing 49 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dgabss & Associates | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ncircle Tech Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ncircle Tech has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN1773G1ZF | Maharashtra | Active | 01 Jul 2017 |
| 27AAECN1773G2ZE | Maharashtra | Active | 21 Feb 2018 |
To see the full GST registrations and return filing status of Ncircle Tech Private Limited, buy the company report.
Recent activity
Ncircle Tech Private Limited has 6 board changes on record since 2012: 5 appointments and 1 cessation. The latest: Ashok Narayan Korwar was appointed as Additional Director on 08 May 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 200.00 Lakh with Charge ID 101119404 was registered on 01 Jul 2025.
Charges
A charge with Others of Rs. 1,431.11 Lakh registered on 17 Sep 2024 with Charge ID 100990533 was modified on 09 May 2025.
Appointed
Ashok Narayan Korwar was appointed as Additional Director.
AGM
Ncircle Tech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1,431.11 Lakh with Charge ID 100990533 was registered on 17 Sep 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,700.00 Lakh with Charge ID 100963638 was registered on 04 Jun 2024.
Filing
Ncircle Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Anand Waman Joshi ceased to be Additional Director.
Appointed
Anand Waman Joshi was appointed as Director.
Appointed
Tarika Jain was appointed as Director.
Appointed
Madhusudan Babulal Bhartiya was appointed as Director.
Appointed
Varun Bhartiya was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
Ncircle Tech is an active private limited company based in Pune, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 05 October 2012 (14+ years old) and is registered under CIN U72900PN2012PTC144957.
Ncircle Tech has 5 current directors:
- Ashok Narayan Korwar - Additional Director
- Varun Bhartiya - Director
- Madhusudan Babulal Bhartiya - Director
- Anand Waman Joshi - Director
- Tarika Jain - Director
The latest financial statements of Ncircle Tech 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 2015 are in the company report.
The GSTIN of Ncircle Tech is 27AAECN1773G1ZF, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAECN1773G2ZE (Maharashtra).
The CIN (Corporate Identification Number) of Ncircle Tech is U72900PN2012PTC144957. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ncircle Tech was incorporated on 05 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Ncircle Tech by revenue are Appzen Labs India Private Limited, Skillsoft Software Services India Private Limited, Addsoft Technologies Limited, Aosta India Private Limited, Transdigm Technologies India Private Limited and 1 more, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Ashok Narayan Korwar was appointed as Additional Director on 08 May 2025. Anand Waman Joshi ceased to be Additional Director on 25 Aug 2023. Anand Waman Joshi was appointed as Director on 21 Apr 2023. Ncircle Tech has 6 board changes on record in total.
Yes, Ncircle Tech is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0065484).
Ncircle Tech has 7 MSME Form 1 returns on record between 2019 and 2020, listing 49 overdue payments to 13 micro and small suppliers. The latest return was filed on 08 Jan 2021.
Ncircle Tech can be reached through the website ncircletech.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Ncircle Tech is at S No 14 H 403 Park Royal Rahatani, Pune, Maharashtra, India – 411017.
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