DPIIT recognised startup Government of India
Startup India
Phaethon Technologies Private Limited - information technology in Kakkanad, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹79.1 Lakh
▼ 47% YoY
Net loss · FY 2024
₹7.35 Lakh
Net margin -9.3%
EBITDA · FY 2024
-₹4.16 Lakh
EBITDA margin -5.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Phaethon Technologies Private Limited
Data last updated:
Phaethon Technologies Private Limited is a private limited company based in Kakkanad, Kerala, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2019PTC059978. Its GSTIN is 32AAKCP8203F1ZN (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hrishi Raj and Lakhan Darshan.
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 Kakkanad, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹79.1 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹7.35 Lakh (net margin -9.3%) and EBITDA of -₹4.16 Lakh (EBITDA margin -5.3%). Revenue has grown at a compounded annual rate (CAGR) of 338% over three years.
The company is associated with 1 brand: Phaethon Technologies.
For more details, the company can be reached via its website phaethon.tech.
Company details
CIN U72900KL2019PTC059978
Registration Number 059978
Incorporation Date 16 October 2019
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Hrishi Raj Director Lakhan Darshan Director Recognitions & Rankings of Phaethon Technologies
Contact details
Phaethon Technologies Private Limited's registered office is in Kakkanad, Kerala. Its website is phaethon.tech. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 6/858 – M 2nd Floor Suite 263 Valamkottil Towers Judgemukku Thrikkak, Ara P.O, Kakkanad, Kerala, India – 682021
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Phaethon Technologies Private Limited, buy the company report.
Comprehensive company report
Phaethon Technologies 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
Brands
Phaethon Technologies operates one associated brand: Phaethon Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers software development and digital transformation services. | phaethon.tech |
Business activity
The main business activity of Phaethon Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Phaethon Technologies Private Limited, buy the company report.
Financials of Phaethon Technologies Private Limited
FY 2024 filings availablePhaethon Technologies Private Limited reported revenue of ₹79.1 Lakh (down 47% YoY) for FY 2024.
Revenue · FY 2024
₹79.1 Lakh ▼ 47%
Net loss · FY 2024
₹7.35 Lakh margin -9.3%
EBITDA · FY 2024
-₹4.16 Lakh margin -5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 338%
EBITDA CAGR growth
1 year
▼ 127%
3 years · compounded
▼ 164%
Revenue fell 47% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 338%. EBITDA fell 127% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.35 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 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.3% | ||||
| Net Profit Margin | -9.3% | ||||
| 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 Phaethon Technologies Private Limited, buy the company report.
Board of directors of Phaethon Technologies Private Limited
Phaethon Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hrishi Raj Also directs: Wizprout Private Limited, Hang3r Private Limited | Director | 16 Oct 2019 | 7 Years 0 Months | Current |
| Lakhan Darshan | Director | 28 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Phaethon Technologies Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oso Multisolutions Private Limited | ₹79.19 Lakh (FY 2025) | -9.0% | Jaipur, Rajasthan, India | |||
| Premises Experts Private Limited | ₹79.17 Lakh (FY 2024) | 4.0% | Gurgaon, Haryana, India | |||
| Nvdtulip Services Private Limited | ₹79.16 Lakh (FY 2024) | 11.0% | Satara, Maharashtra, India | |||
| GCL Business Intelligence Private Limited | ₹79.15 Lakh (FY 2024) | 61.0% | Coimbatore, Tamil Nadu, India | |||
| Reliance Aerospace Technologies Limited | ₹79.1 Lakh (FY 2016) | -43.0% | Mumbai, Maharashtra, India | |||
| Phaethon Technologies Private Limitedthis company | ₹79.1 Lakh (FY 2024) | -₹7.35 Lakh | -9.3% | -47.0% | Kakkanad, Kerala, India | |
| Xogo India Digital Signage Private Limited | ₹79.08 Lakh (FY 2025) | 62.0% | Ernakulam, Kerala, India | |||
| Sti Infrastructure Limited | ₹79.07 Lakh (FY 2025) | -24.0% | New Delhi, Delhi, India | |||
| Fintouch Consultancy Services Private Limited | ₹79.06 Lakh (FY 2024) | 26.0% | Bangalore, Karnataka, India | |||
| Qusol Innovations India Private Limited | ₹79.05 Lakh (FY 2024) | 92.0% | Chathannoor Po, Kerala, India |
To see the full peer comparison of Phaethon Technologies Private Limited, buy the company report.
Auditor
Phaethon Technologies Private Limited is audited by A GEORGE & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A GEORGE & ASSOCIATES | FY 2021 | 000904S |
Shareholding
The shareholding of Phaethon Technologies Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Phaethon Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Phaethon Technologies 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 Phaethon Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phaethon Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAKCP8203F1ZN | Kerala | Active | 31 Oct 2019 |
To see the full GST registrations and return filing status of Phaethon Technologies Private Limited, buy the company report.
Recent activity
Phaethon Technologies Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Athul Das ceased to be Director on 28 Oct 2021.
AGM
Phaethon Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Phaethon Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Ceased
Athul Das ceased to be Director.
Appointed
Lakhan Darshan was appointed as Director.
Ceased
Athil Gafoor ceased to be Director.
Appointed
Hrishi Raj was appointed as Director.
Incorporation
16 Oct 2019
Phaethon Technologies Private Limited was registered on 16 Oct 2019 with Roc Ernakulam & aged 7 years 24 days as per MCA records.
Frequently asked questions
Phaethon Technologies is an active private limited company based in Kakkanad, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 October 2019 (7+ years old) and is registered under CIN U72900KL2019PTC059978.
Phaethon Technologies has 2 current directors:
- Hrishi Raj - Director
- Lakhan Darshan - Director
The latest financial statements of Phaethon Technologies 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 FY 2020 are in the company report.
The GSTIN of Phaethon Technologies is 32AAKCP8203F1ZN, registered in Kerala.
The CIN (Corporate Identification Number) of Phaethon Technologies is U72900KL2019PTC059978. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phaethon Technologies was incorporated on 16 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Phaethon Technologies by revenue are Oso Multisolutions Private Limited, Premises Experts Private Limited, Nvdtulip Services Private Limited, GCL Business Intelligence Private Limited, Reliance Aerospace Technologies Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Athul Das ceased to be Director on 28 Oct 2021. Lakhan Darshan was appointed as Director on 28 Oct 2021. Athil Gafoor ceased to be Director on 05 Feb 2021. Phaethon Technologies has 4 board changes on record in total.
Yes, Phaethon Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Phaethon Technologies can be reached through the website phaethon.tech. Its registered office is in Kakkanad, Kerala, India.
The registered office of Phaethon Technologies is at No. 6858 – M 2nd Floor Suite 263 Valamkottil Towers Judgemukku Thrikkak, Ara P.O, Kakkanad, Kerala, India – 682021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages