Puzzles Technologies India Private Limited
About Puzzles Technologies India Private Limited
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Puzzles Technologies India Private Limited is a private limited company based in Bangalore South, 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 29 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2020PTC133958. Its GSTIN is 29AALCP1307R1ZT (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Akshatha Kumar and Apoorva Murigeppa Ankad.
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 Bangalore South, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.17 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net profit of ₹1.21 Lakh (net margin 1%) and EBITDA of ₹4.37 Lakh (EBITDA margin 3.7%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 944 2nd Floor Lakshmi Tower, 5th Main Road 7th Sector, Bangalore South, Karnataka, India – 560102
- 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 Puzzles Technologies India Private Limited
The main business activity of Puzzles Technologies India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | 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.
Financials of Puzzles Technologies India Private Limited FY 2025 filings available
Puzzles Technologies India Private Limited reported revenue of ₹1.17 Cr (down 78% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Puzzles Technologies India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 45% over three years, including a 78% fall in the latest year. EBITDA fell 70% 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 of Puzzles Technologies India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| 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 | ₹4.37 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.21 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Puzzles Technologies India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 | •••• | •••• | •••• | •••• | •••• |
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 Puzzles Technologies India are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Puzzles Technologies India Private Limited
Puzzles Technologies India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Its own revenue is ₹1.17 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Grats Technologies Private Limited | ₹1.17 Cr | ₹10.84 Lakh | -9% | -41% | Bangalore, Karnataka, India | |
| Bluedelta IT Solutions Private Limited | ₹1.17 Cr | ₹2 Lakh | 2% | +12% | Hyderabad, Telangana, India | |
| Ucartz Online Private Limited | ₹1.17 Cr | ₹22,273 | 0% | +22% | Punalur, Kerala, India | |
| Nuhop Technology Private Limited | ₹1.17 Cr | ₹1.35 Lakh | 1% | Qutubullapur, Telangana, India | ||
| Icnet Software Solutions Private Limited | ₹1.17 Cr | ₹8.31 Lakh | -7% | -42% | Warangal, Telangana, India | |
| Puzzles Technologies India Private Limited this company | ₹1.17 Cr | ₹1.21 Lakh | 1% | Bangalore South, Karnataka, India | ||
| Quantamsoft Solution (OPC) Private Limited | ₹1.17 Cr | ₹5,487 | 0% | +322% | Howrah, West Bengal, India | |
| Innoera Software Solutions Private Limited | ₹1.17 Cr | ₹10.15 Lakh | 9% | +35% | Trichy, Tamil Nadu, India | |
| Seerdynamics Consulting Private Limited | ₹1.17 Cr | ₹2.6 Lakh | 2% | +13% | Pune, Maharashtra, India | |
| Fab Infotech Private Limited | ₹1.17 Cr | ₹1.46 Lakh | 1% | +5% | 1 | Mumbai, Maharashtra, India |
| Sidqam Technologies Private Limited | ₹1.17 Cr | ₹26 Lakh | -22% | -17% | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Puzzles Technologies India by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Board of Directors of Puzzles Technologies India Private Limited
Puzzles Technologies India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshatha Kumar | Director | 09 Jun 2023 | 3 Years 3 Months | Current |
| Apoorva Murigeppa Ankad | Director | 29 Apr 2020 | 6 Years 5 Months | Current |
Ownership and Shareholding of Puzzles Technologies India 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 Puzzles Technologies India Private Limited
Puzzles Technologies India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Puzzles Technologies India Private Limited
Puzzles Technologies India Private Limited has a workforce of 4 employees as of Apr 05, 2024.
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.
Recent Activity on Puzzles Technologies India Private Limited
Puzzles Technologies India Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Akshatha Kumar ceased to be Additional Director on 10 Oct 2024.
Credit Ratings, Litigation & Regulatory Alerts for Puzzles Technologies India 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 Puzzles Technologies India 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 Puzzles Technologies India 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.
GST Compliance of Puzzles Technologies India Private Limited
Puzzles Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP1307R1ZT | Karnataka | Active | 25 May 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.
MCA Filings & Documents of Puzzles Technologies India 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.
Frequently Asked Questions about Puzzles Technologies India Private Limited
Puzzles Technologies India is an active private limited company based in Bangalore South, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 April 2020 (6+ years old) and is registered under CIN U72100KA2020PTC133958.
Puzzles Technologies India reported revenue of ₹1.17 Cr for FY 2025 (down 78% YoY).
Puzzles Technologies India has 2 current directors:
- Akshatha Kumar - Director
- Apoorva Murigeppa Ankad - Director
Puzzles Technologies India reported a net profit of ₹1.21 Lakh (net margin 1%) and EBITDA of ₹4.37 Lakh (EBITDA margin 3.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Puzzles Technologies India is -45% over three years. In the latest year (FY 2025) revenue fell 78%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Puzzles Technologies India is 29AALCP1307R1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Puzzles Technologies India is U72100KA2020PTC133958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Puzzles Technologies India was incorporated on 29 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Puzzles Technologies India by revenue are Grats Technologies Private Limited, Bluedelta IT Solutions Private Limited, Ucartz Online Private Limited, Nuhop Technology Private Limited, Icnet Software Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Akshatha Kumar ceased to be Additional Director on 10 Oct 2024. Akshatha Kumar was appointed as Director on 09 Jun 2023. Kumar Tarikere Eswara Hemanth ceased to be Director on 09 Jun 2023. Puzzles Technologies India has 4 board changes on record in total.
Yes, Puzzles Technologies India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).