Startup India Government of India
Nichesolv Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.61 Cr
▼ 34% YoY
Net loss · FY 2024
₹66.69 Lakh
Net margin -10.1%
EBITDA · FY 2024
-₹58.68 Lakh
EBITDA margin -8.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
48
Provident fund records
Directors on board
2
As per MCA filings
About Nichesolv Private Limited
Data last updated:
Nichesolv Private Limited is a private limited company based in Bangalore, 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 01 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022PTC157302.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Vasudev Gujran Natraj and Surendra Channakeshavapura Ramarao.
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 129 3rd Floor 8th Main Road 3rd Phase J.P Nagar Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.61 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹66.69 Lakh (net margin -10.1%) and EBITDA of -₹58.68 Lakh (EBITDA margin -8.9%).
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: NicheSoft and NicheSolv.
Nichesolv Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0248604). For more details, the company can be reached via its website nichesolv.com.
Company details
CIN U72900KA2022PTC157302
Registration Number 157302
Incorporation Date 01 February 2022
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-03-0248604
Recognitions & Rankings of Nichesolv
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0248604
Contact details
Nichesolv Private Limited's registered office is in Bangalore, Karnataka. Its website is nichesolv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address129 3rd Floor 8th Main Road 3rd Phase J.P Nagar Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Nichesolv Private Limited, buy the company report.
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- Legal cases, compliance and MCA filings
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Brands
Nichesolv operates two associated brands: NicheSoft and NicheSolv. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a comprehensive suite of IT services to support daily business operations. | nichesoft.net | |
| Offers software engineering, IT consulting, and AI solutions for businesses worldwide. | nichesolv.com |
Business activity
The main business activity of Nichesolv is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Nichesolv Private Limited, buy the company report.
Financials of Nichesolv Private Limited
FY 2025 filings availableNichesolv Private Limited reported revenue of ₹6.61 Cr (down 34% YoY) for FY 2024.
Revenue · FY 2024
₹6.61 Cr ▼ 34%
Net loss · FY 2024
₹66.69 Lakh margin -10.1%
EBITDA · FY 2024
-₹58.68 Lakh margin -8.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 34%
EBITDA CAGR growth
1 year
▼ 243%
Revenue fell 34% in the latest year. EBITDA fell 243% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | -₹58.68 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹66.69 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -8.9% | ||
| Net Profit Margin | -10.1% | ||
| 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 Nichesolv Private Limited, buy the company report.
Board of directors of Nichesolv Private Limited
Nichesolv has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasudev Gujran Natraj | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Surendra Channakeshavapura Ramarao Also directs: Paryaaya Technologies LLP | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Nichesolv Private Limited is audited by BSD & Co. Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSD & Co. Chartered Accountants | FY 2023 | 000312S |
Shareholding
The shareholding of Nichesolv Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Nichesolv Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nichesolv 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 Nichesolv Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nichesolv Private Limited has a workforce of 48 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
48
Active EPFO establishments
1
Employee growth
-12.73%
GST
No GST registration is on our record for Nichesolv Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nichesolv Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Surendra Channakeshavapura Ramarao was appointed as Director on 01 Feb 2022.
AGM
Nichesolv Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nichesolv Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Surendra Channakeshavapura Ramarao was appointed as Director.
Appointed
Vasudev Gujran Natraj was appointed as Director.
Incorporation
01 Feb 2022
Nichesolv Private Limited was registered on 01 Feb 2022 with Roc Bangalore & aged 4 years 8 months as per MCA records.
Frequently asked questions
Nichesolv 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 01 February 2022 (4+ years old) and is registered under CIN U72900KA2022PTC157302.
Nichesolv has 2 current directors:
- Vasudev Gujran Natraj - Director
- Surendra Channakeshavapura Ramarao - Director
The latest financial statements of Nichesolv 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 2022 are in the company report.
The CIN (Corporate Identification Number) of Nichesolv is U72900KA2022PTC157302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nichesolv was incorporated on 01 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Surendra Channakeshavapura Ramarao was appointed as Director on 01 Feb 2022. Vasudev Gujran Natraj was appointed as Director on 01 Feb 2022.
Yes, Nichesolv is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Nichesolv is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0248604).
Nichesolv can be reached through the website nichesolv.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nichesolv is at 129 3rd Floor 8th Main Road 3rd Phase J.P Nagar Bangalore, Karnataka, India – 560078.
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