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Startup India
Qpiai India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.9 Cr
▲ 43% YoY
Net loss · FY 2025
₹16.68 Cr
Latest filing
EBITDA · FY 2025
-₹14.43 Cr
EBITDA margin -498.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4.56 Lakh
Issued & subscribed
Satisfied charges
₹10.45 Cr
No open charges
Company age
7 yrs
Est. 2019
Employees · EPFO
161
Provident fund records
About Qpiai India Private Limited
Data last updated:
Qpiai India Private Limited is a private limited company based in Bangalore, Karnataka, 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 08 November 2019 and has been in existence for over 7 years.
Its director Nagendra Nagaraja is #1,320 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC129453. Its GSTIN is 29AASCA9147P2ZI (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.56 Lakh. It was formerly known as Alphapiai Private Limited. It is led by directors including Nagendra Nagaraja (Managing Director) and Venkat Subramania Raju.
Its last annual general meeting (AGM) was held on 29 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 ₹2.9 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹16.68 Cr and EBITDA of -₹14.43 Cr (EBITDA margin -498.4%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years.
The company has about 161 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: QpiAI Explorer and QpiAI. As per MCA filings, the company has satisfied charges of ₹10.45 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹379.71 Cr; the latest was in October 2026. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Diabsolut Technology Private Limited with revenue of ₹2.9 Cr.
Qpiai India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0051805). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qpiai.tech.
Company details
CIN U72900KA2019PTC129453
Registration Number 129453
Incorporation Date 08 November 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0051805
Key People
Nagendra Nagaraja Managing Director Venkat Subramania Raju Nominee Director Chandan Kar Sharma Nominee Director Recognitions & Rankings of Qpiai India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0051805
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,320 Nagendra Nagaraja ₹1,700 Cr
Contact details
Qpiai India Private Limited's registered office is in Bangalore, Karnataka. Its website is qpiai.tech. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMezzanine Floor Northwest And Southwest Bays Hub 1 SEZ Tower, Karle Town Center Karle Infra Special Economic Zone Nagavara Village, Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Qpiai India Private Limited, buy the company report.
Comprehensive company report
Qpiai India 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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Brands
Qpiai India operates two associated brands: QpiAI Explorer and QpiAI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online education in AI and Quantum Computing with certifications and hands-on learning. | qpiai-explorer.tech | |
| Provider of integrated quantum computing and AI solutions | qpiai.tech |
Business activity
The main business activity of Qpiai India 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 Qpiai India Private Limited, buy the company report.
Financials of Qpiai India Private Limited
FY 2025 filings availableQpiai India Private Limited reported revenue of ₹2.9 Cr (up 43% YoY) for FY 2025.
Revenue · FY 2025
₹2.9 Cr ▲ 43%
Net loss · FY 2025
₹16.68 Cr
EBITDA · FY 2025
-₹14.43 Cr margin -498.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▼ 34%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 95%
5 years · compounded
▼ 133%
Revenue rose 43% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA fell 21% 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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| Total Expenses | |||||
| EBITDA | -₹14.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.68 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -498.4% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Qpiai India Private Limited, buy the company report.
Board of directors of Qpiai India Private Limited
Qpiai India has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkat Subramania Raju | Nominee Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Chandan Kar Sharma | Nominee Director | 30 Dec 2022 | 3 Years 10 Months | Current |
| Nagendra Nagaraja Also directs: Qpivolta Technologies Private Limited, Superaihub Private Limited, Superq Technologies India Private Limited and 3 more | Managing Director | 08 Nov 2019 | 7 Years 0 Months | Current |
| Ramesh Radhakrishnan | Nominee Director | 11 Apr 2024 | 2 Years 7 Months | Current |
Peer comparison
Qpiai India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Diabsolut Technology Private Limited | ₹2.9 Cr (FY 2021) | 6.0% | Bangalore, Karnataka, India | |||
| Sentient Scripts Private Limited | ₹2.9 Cr (FY 2025) | -32.0% | Thiruvananthapuram, Kerala, India | |||
| Firmusoft Solutions Private Limited | ₹2.9 Cr (FY 2025) | 23.0% | Thiruvananthapuram, Kerala, India | |||
| Radiare Software Solutions Private Limited | ₹2.9 Cr (FY 2025) | -64.0% | Chennai, Tamil Nadu, India | |||
| Abp Engitech Solutions Private Limited | ₹2.9 Cr (FY 2021) | 0.0% | Hyderabad, Telangana, India | |||
| Qpiai India Private Limitedthis company | ₹2.9 Cr (FY 2025) | -₹16.68 Cr | 43.0% | 161 | Bangalore, Karnataka, India | |
| Sicherten Info Consulting Private Limited | ₹2.89 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India | |||
| Logictree IT Solutions Private Limited | ₹2.89 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Tugboat Info Solutions Private Limited | ₹2.89 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Advanze Tech Computers India Private Limited | ₹2.89 Cr (FY 2025) | -22.0% | Brajrajnagar, Odisha, India | |||
| Opendoors Business Solutions Private Limited | ₹2.89 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Qpiai India Private Limited, buy the company report.
Auditor
Qpiai India Private Limited is audited by B C SHETTY & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B C SHETTY & CO | FY 2023 | 003819S |
Shareholding
The shareholding of Qpiai India Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Qpiai India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹10.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2021 | 100511756 | Hdfc Bank Limited | ₹6.7 Cr | Satisfied | |
| 17 Jun 2021 | 100465914 | Others | ₹3.75 Cr | Satisfied |
To see the full charge records of Qpiai India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Qpiai India Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹379.71 Cr; the latest was in October 2026.
Total deals
4
Funding rounds
2
Rights issue
1
Debt financing
1
Disclosed funding
₹379.71 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2026 | Debt financing | ₹50 Cr | Investors: InnoVen Capital |
| Jul 2025 | Funding round · Series A | ₹275.42 Cr | Investors: Avataar Venture Partners, Others - Undisclosed Investors, an individual |
| Jun 2024 | Funding round · Pre-Series A | ₹54.29 Cr | Investors: 4 individuals |
| Mar 2020 | Rights issue | ₹3 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Qpiai India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Qpiai India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Qpiai India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Qpiai India Private Limited has a workforce of 161 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
161
Active EPFO establishments
1
Employee growth
133.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 161 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Qpiai India Private Limited, buy the company report.
GST
Qpiai India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA9147P2ZI | Karnataka | Active | 09 Jan 2023 |
To see the full GST registrations and return filing status of Qpiai India Private Limited, buy the company report.
Recent activity
Qpiai India Private Limited has 11 board changes on record since 2019: 4 appointments and 7 cessations. The latest: Chintan Kaushik Gandhi ceased to be Nominee Director on 23 Jul 2025.
AGM
Qpiai India Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Chintan Kaushik Gandhi ceased to be Nominee Director.
Filing
Qpiai India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Venkat Subramania Raju was appointed as Nominee Director.
Charges
A charge registered on 25 Oct 2021 via Charge ID 100511756 with Hdfc Bank Limited was fully satisfied on 25 Apr 2024.
Appointed
Ramesh Radhakrishnan was appointed as Nominee Director.
Ceased
Debraj Banerjee ceased to be Additional Director.
Ceased
Chandan Kar Sharma ceased to be Additional Director.
Ceased
Sachin Kumar ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 670.00 Lakh registered on 25 Oct 2021 with Charge ID 100511756 was modified on 13 Jan 2023.
Appointed
Chandan Kar Sharma was appointed as Nominee Director.
Charges
A charge registered on 17 Jun 2021 via Charge ID 100465914 with Others was fully satisfied on 11 Nov 2021.
8 earlier events are in the company report.
News
Frequently asked questions
Qpiai India is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 November 2019 (7+ years old) and is registered under CIN U72900KA2019PTC129453.
Qpiai India has 4 current directors:
- Nagendra Nagaraja - Managing Director
- Venkat Subramania Raju - Nominee Director
- Chandan Kar Sharma - Nominee Director
- Ramesh Radhakrishnan - Nominee Director
The latest financial statements of Qpiai India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Qpiai India is 29AASCA9147P2ZI, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Qpiai India is U72900KA2019PTC129453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qpiai India has 2 court cases on record: 2 filed against it.
Qpiai India was incorporated on 08 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Qpiai India has 4 deals on record (2 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹379.71 Cr; the latest was in October 2026.
The peers of Qpiai India by revenue are Diabsolut Technology Private Limited, Sentient Scripts Private Limited, Firmusoft Solutions Private Limited, Radiare Software Solutions Private Limited, Abp Engitech Solutions Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Chintan Kaushik Gandhi ceased to be Nominee Director on 23 Jul 2025. Venkat Subramania Raju was appointed as Nominee Director on 15 Jul 2024. Ramesh Radhakrishnan was appointed as Nominee Director on 11 Apr 2024. Qpiai India has 11 board changes on record in total.
Yes, Qpiai India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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