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Qwickbit Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹35.71 Lakh
▲ 28% YoY
Net profit · FY 2022
₹79,170
Net margin 2.2%
EBITDA · FY 2022
₹1.46 Lakh
EBITDA margin 4.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹5 Lakh
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
About Qwickbit Technologies Private Limited
Data last updated:
Qwickbit Technologies Private Limited is a private limited company based in Bangalore, 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 09 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC098388. Its GSTIN is 29AAACQ4494M1ZR (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Raghuram Sridhar and Shankara Mohan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹35.71 Lakh, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹79,170 (net margin 2.2%) and EBITDA of ₹1.46 Lakh (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 48% over five years.
The company is associated with 1 brand: Qwickbit. As per MCA filings, the company has open charges of ₹5 Lakh on record.
Qwickbit Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0101171). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qwickbit.com.
Company details
CIN U72900KA2016PTC098388
Registration Number 098388
Incorporation Date 09 December 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0101171
Key People
Raghuram Sridhar Director Shankara Mohan Director Recognitions & Rankings of Qwickbit Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0101171
Contact details
Qwickbit Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is qwickbit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.370 4th Floor 7th Main Road, 1st Block Smv Layout, Bangalore, Karnataka, India – 560060
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Qwickbit Technologies Private Limited, buy the company report.
Comprehensive company report
Qwickbit 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
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Brands
Qwickbit Technologies operates one associated brand: Qwickbit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Development of web and mobile applications, automation testing, and branding services. | qwickbit.com |
Business activity
The main business activity of Qwickbit Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities and information service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | |
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Qwickbit Technologies Private Limited, buy the company report.
Financials of Qwickbit Technologies Private Limited
FY 2023 filings availableQwickbit Technologies Private Limited reported revenue of ₹35.71 Lakh (up 28% YoY) for FY 2022.
Revenue · FY 2022
₹35.71 Lakh ▲ 28%
Net profit · FY 2022
₹79,170 margin 2.2%
EBITDA · FY 2022
₹1.46 Lakh margin 4.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▼ 10%
5 years · compounded
▲ 48%
EBITDA CAGR growth
1 year
▲ 129%
3 years · compounded
▼ 17%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 48% over five years, including 28% growth in the latest year. EBITDA rose 129% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹1.46 Lakh | ||||
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| Net Profit (PAT) | ₹79,170 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Qwickbit Technologies Private Limited, buy the company report.
Board of directors of Qwickbit Technologies Private Limited
Qwickbit Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghuram Sridhar | Director | 09 Dec 2016 | 9 Years 10 Months | Current |
| Shankara Mohan | Director | 09 Dec 2016 | 9 Years 10 Months | Current |
Shareholding
The shareholding of Qwickbit Technologies Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Qwickbit Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2021 | 100479909 | Axis Bank Limited | ₹5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Qwickbit 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 Qwickbit Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Qwickbit Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ4494M1ZR | Karnataka | Active | 31 Oct 2017 |
To see the full GST registrations and return filing status of Qwickbit Technologies Private Limited, buy the company report.
Recent activity
Qwickbit Technologies Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Vivek Sharma ceased to be Director on 24 Apr 2018.
AGM
Qwickbit Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Qwickbit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Lakh with Charge ID 100479909 was registered on 15 Sep 2021.
Ceased
Vivek Sharma ceased to be Director.
Appointed
Raghuram Sridhar was appointed as Director.
Appointed
Shankara Mohan was appointed as Director.
Incorporation
09 Dec 2016
Qwickbit Technologies Private Limited was registered on 09 Dec 2016 with Roc Bangalore & aged 9 years 10 months as per MCA records.
Frequently asked questions
Qwickbit Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 December 2016 (10+ years old) and is registered under CIN U72900KA2016PTC098388.
Qwickbit Technologies has 2 current directors:
- Raghuram Sridhar - Director
- Shankara Mohan - Director
The latest financial statements of Qwickbit Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Qwickbit Technologies is 29AAACQ4494M1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Qwickbit Technologies is U72900KA2016PTC098388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qwickbit Technologies was incorporated on 09 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Vivek Sharma ceased to be Director on 24 Apr 2018. Raghuram Sridhar was appointed as Director on 09 Dec 2016. Shankara Mohan was appointed as Director on 09 Dec 2016.
Yes, Qwickbit Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Qwickbit Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0101171).
Qwickbit Technologies can be reached through the website qwickbit.com. Its registered office is in Bangalore, Karnataka, India.