About Quality Theorem Private Limited
Data last updated:
Quality Theorem Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC071326. Its GSTIN is 29AAJCM2163N1ZY (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Qual Tech India Private Limited and Murthy It Services Private Limited. It is led by directors Narasimham Devalaraju Balugra Venkata and Sathyanarayana Sridharrao Yavagal.
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 No. 745 10th Main 3rd Block 3rd Stage Basaveshwaranagar, Bengaluru, Karnataka, India – 560079.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.07 Cr, a growth of 106% compared to the previous year. For the same year it recorded a net profit of ₹8.13 Lakh (net margin 3.9%) and EBITDA of ₹11.45 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qualitytheorem.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 745 10th Main 3rd Block 3rd Stage Basaveshwaranagar, Bengaluru, Karnataka, India – 560079
- 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
Name History of Quality Theorem Private Limited
Quality Theorem has undergone 2 name changes throughout its history. The company was previously known as Qual Tech India Private Limited, and Murthy It Services Private Limited. The current legal name is Quality Theorem Private Limited.
| Company Name | Status |
|---|---|
| Quality Theorem Private Limited | Current |
| Qual Tech India Private Limited | Previous |
| Murthy It Services Private Limited | Previous |
Business Activity of Quality Theorem Private Limited
The main business activity of Quality Theorem is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical 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.
Auditor Details of Quality Theorem Private Limited
Quality Theorem Private Limited is audited by KRISHNA DESHIKAN & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRISHNA DESHIKAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Quality Theorem Private Limited
Quality Theorem has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimham Devalaraju Balugra Venkata | Director | 08 Oct 2013 | 12 Years 11 Months | Current |
| Sathyanarayana Sridharrao Yavagal | Director | 28 Aug 2018 | 8 Years 1 Months | Current |
Financials of Quality Theorem Private Limited FY 2024 filings available
Quality Theorem Private Limited reported revenue of ₹2.07 Cr (up 106% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Quality Theorem Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 44% over three years, including 106% growth in the latest year. EBITDA rose 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 Quality Theorem Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹11.45 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.13 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 Quality Theorem Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.9% | •••• | •••• | •••• | •••• |
| 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 Quality Theorem are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Quality Theorem 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 Quality Theorem Private Limited
Quality Theorem Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Quality Theorem Private Limited
Employment history and EPFO contributions of people linked to Quality Theorem.
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.
GST Compliance of Quality Theorem Private Limited
Quality Theorem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCM2163N1ZY | Karnataka | Active | 18 May 2021 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Quality Theorem 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 Quality Theorem 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 Quality Theorem 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.
MCA Filings & Documents of Quality Theorem 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.
Recent Activity on Quality Theorem Private Limited
Frequently Asked Questions about Quality Theorem Private Limited
Quality Theorem is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 October 2013 (13+ years old) and is registered under CIN U72200KA2013PTC071326.
Quality Theorem reported revenue of ₹2.07 Cr for FY 2025 (up 106% YoY).
Quality Theorem has 2 current directors:
- Narasimham Devalaraju Balugra Venkata - Director
- Sathyanarayana Sridharrao Yavagal - Director
Quality Theorem reported a net profit of ₹8.13 Lakh (net margin 3.9%) and EBITDA of ₹11.45 Lakh (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Quality Theorem is 44% over three years. In the latest year (FY 2025) revenue rose 106%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Quality Theorem is 29AAJCM2163N1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Quality Theorem is U72200KA2013PTC071326. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quality Theorem was incorporated on 08 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Quality Theorem can be reached through the website qualitytheorem.com. Its registered office is in Bengaluru, Karnataka, India.