About Quarkifi Technologies Private Limited
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Quarkifi Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 07 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2016PTC097611. Its GSTIN is 29AAACQ4563B1ZK (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹71 Lakh and a paid-up capital of ₹67.2 Lakh. It was formerly known as Quarkifi Technlogies Private Limited. It is led by directors including Rajiv Prasad and Tondera Udachappa Basavaraja.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.93 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹9.68 Lakh (net margin 5%) and EBITDA of ₹13.3 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 743% over three years and 51% over five years.
The company is associated with 2 brands: MagIQ and Quarkifi.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quarkifi.com.
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- Registered Address72/12 Akasa Coworking Nallurahalli Main Road, Near Shell Petrol Pump Siddapura Whitefield Bengaluru, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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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Associated Brands with Quarkifi Technologies Private Limited
Quarkifi Technologies operates two associated brands: MagIQ and Quarkifi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops smart sockets for remote appliance control and monitoring. | magiqworks.com | |
| Developer of IoT-based cloud platforms powering seamless digital transformation | quarkifi.com |
Competitors & Alternatives of Quarkifi Technologies Private Limited
Brands and companies operating in the same space as Quarkifi Technologies Private Limited include Whisker Labs, Dryad Networks, MachineMetrics and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Whisker Labs | Provider of sensor hardware and software infrastructure | Oakland, United States | 2014 |
 Dryad Networks | Wildfire detection and forest monitoring networks and platforms are developed. | Berlin, Germany | 2019 |
 MachineMetrics | Machine data is monitored and visualized to enhance manufacturing efficiency. | Northampton, United Kingdom | 2014 |
 EnOcean | Energy-harvesting wireless technology is developed for automation and sensing applications. | Oberhaching, Germany | 2001 |
 InvenSense | MotionTracking sensor system on chips with integrated motion and sound solutions | San Jose, United States | 2003 |
 Triad Semiconductor | Mixed-signal ASICs for SteamVR sensor arrays are developed and produced. | Winston-salem, United States | 2002 |
 SAUTER | IoT-based building automation solutions are provided for environmental control. | Basel, Switzerland | 1910 |
 Cubical | IoT-based home automation solutions are developed for residential buildings. | Delhi, India | 2013 |
 Libelium | Provider of cloud-based open-source wireless sensor fusion systems | Zaragoza, Spain | 2006 |
 PicoStone | Smart home devices for appliance control are developed by PicoStone. | Mumbai, India | 2016 |
Business Activity of Quarkifi Technologies Private Limited
The main business activity of Quarkifi Technologies is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Quarkifi Technologies Private Limited
Quarkifi Technologies Private Limited is audited by K A P G & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K A P G & ASSOCIATES | 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 Quarkifi Technologies Private Limited
Quarkifi Technologies has 7 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Prasad Also directs: Zenith Leisure Holidays Limited, Zenpay Solutions Private Limited | Director | 16 Mar 2020 | 6 Years 6 Months | Current |
| Tondera Udachappa Basavaraja | Director | 16 Mar 2020 | 6 Years 6 Months | Current |
| Arjun Shetty Yedthare | Director | 16 Mar 2020 | 6 Years 6 Months | Current |
| Abhishek Sao | Director | 16 Mar 2020 | 6 Years 6 Months | Current |
| Anirban Bhattacharya | Director | 07 Nov 2016 | 9 Years 10 Months | Current |
| Sao Gayatri Abhishek | Director | 07 Nov 2016 | 9 Years 10 Months | Current |
Financials of Quarkifi Technologies Private Limited FY 2024 filings available
Quarkifi Technologies Private Limited reported revenue of ₹1.93 Cr (down 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Quarkifi Technologies Private Limited
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA fell 37% 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 Quarkifi Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹13.3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.68 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Quarkifi Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
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| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Quarkifi Technologies are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Quarkifi Technologies 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 Quarkifi Technologies Private Limited
Quarkifi Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Quarkifi Technologies Private Limited
Employment history and EPFO contributions of people linked to Quarkifi Technologies.
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
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GST Compliance of Quarkifi Technologies Private Limited
Quarkifi Technologies has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ4563B1ZK | Karnataka | Active | 08 Jul 2017 |
| 27AAACQ4563B2ZN | Maharashtra | Active | 06 Sep 2022 |
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 Quarkifi Technologies 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
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MSME Payment Delays by Quarkifi Technologies 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 Quarkifi Technologies 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
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MCA Filings & Documents of Quarkifi Technologies 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 Quarkifi Technologies Private Limited
Frequently Asked Questions about Quarkifi Technologies Private Limited
Quarkifi Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 07 November 2016 (10+ years old) and is registered under CIN U52100KA2016PTC097611.
Quarkifi Technologies reported revenue of ₹1.93 Cr for FY 2024 (down 22% YoY).
Quarkifi Technologies has 7 current directors:
- Rajiv Prasad - Director
- Tondera Udachappa Basavaraja - Director
- Arjun Shetty Yedthare - Director
- Abhishek Sao - Director
- Anirban Bhattacharya - Director
- Sao Gayatri Abhishek - Director
- Subha Brata Bhowmick - Director
Quarkifi Technologies reported a net profit of ₹9.68 Lakh (net margin 5%) and EBITDA of ₹13.3 Lakh (EBITDA margin 6.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Quarkifi Technologies is 743% over three years and 51% over five years. In the latest year (FY 2024) revenue fell 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Quarkifi Technologies is 29AAACQ4563B1ZK, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACQ4563B2ZN (Maharashtra).
The CIN (Corporate Identification Number) of Quarkifi Technologies is U52100KA2016PTC097611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quarkifi Technologies was incorporated on 07 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, Quarkifi Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).