About Qwy Technologies Private Limited
Data last updated:
Qwy Technologies Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India, a subsidiary of Tanncam Investment Pte Ltd. and recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 26 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2019PTC059346. Its GSTIN is 32AAACQ6290K1ZA (Kerala). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.96 Cr. It is led by directors including Velayudhan Prakash and Rakesh Joy.
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 Technopark, Thiruvananthapuram, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.01 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹12.51 Cr (net margin -26.6%) and EBITDA of -₹15.36 Cr (EBITDA margin -32.7%). Revenue has grown at a compounded annual rate (CAGR) of 348% over three years.
The company has about 98 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Qwqer. As per MCA filings, the company has open charges of ₹30.63 Lakh on record. Court records list 53 cases involving the company, including 51 filed by the company and 2 filed against it; 44 cases are pending. The company has 4 deals on record (2 rights issues, 1 secondary share transfer, 1 acquisition); the latest was in December 2021. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Aarinstar Enterprise Private Limited with revenue of ₹51.99 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qwqer.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressFirst Floor Amstor House, Technopark, Thiruvananthapuram, Kerala, India – 695581
- IndustryInternet, Online Service Marketplaces
- 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 Qwy Technologies Private Limited
The main business activity of Qwy Technologies 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 | J6 | 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 Qwy Technologies Private Limited FY 2024 filings available
Qwy Technologies Private Limited reported revenue of ₹47.01 Cr (up 185% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Qwy Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 348% over three years, including 185% growth in the latest year. EBITDA fell 2% 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 Qwy Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹15.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.51 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Qwy Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -26.6% | •••• | •••• | •••• | •••• |
| 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 Qwy Technologies are in the company report.
Financial statements from FY 2020
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 Qwy Technologies Private Limited
Qwy Technologies Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aarinstar Enterprise Private Limited | ₹51.99 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Mumbai, Maharashtra, India |
| Carlton One Engagement India Private Limited | ₹50.21 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Anr Software Private Limited | ₹49.3 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Noida, Uttar Pradesh, India |
| Booking.Com India Support & Marketing Services Private Limited | ₹49.3 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Winds E Private Limited | ₹49.22 Cr (FY 2024) | •••• | •••• | 19379.0% | •••• | Bengaluru, Karnataka, India |
| Qwy Technologies Private Limited this company | ₹47.01 Cr (FY 2024) | •••• | •••• | 185.0% | •••• | Thiruvananthapuram, Kerala, India |
| Rubanbridge Private Limited | ₹46.31 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| BKM Solvents Private Limited | ₹46.22 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Hostroyale Technologies Private Limited | ₹45.84 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Scienaptic Systems Private Limited | ₹45.26 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Imagekit Private Limited | ₹45.07 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Qwy Technologies by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Qwy Technologies Private Limited
Qwy Technologies Private Limited is audited by JOHN & JAMES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JOHN & JAMES | 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 Qwy Technologies Private Limited
Qwy Technologies has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Velayudhan Prakash | Director | 26 Aug 2019 | 7 Years 1 Months | Current |
| Rakesh Joy | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
| Biloliddin Nuriddinov | Director | 12 Oct 2019 | 7 Years 0 Months | Current |
| Vineetha Chidambaran Also directs: Qwy Express Private Limited | Director | 20 Jul 2022 | 4 Years 2 Months | Current |
Ownership and Shareholding of Qwy 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 Qwy Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Sep 2023 | Hdfc Bank Limited | ₹30.63 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Qwy Technologies Private Limited
Qwy Technologies Private Limited has 4 deals on record (2 rights issues, 1 secondary share transfer, 1 acquisition); the latest was in December 2021.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Rights issue | ₹27.48 Cr | Investors: Tanncam Investments, an individual |
| Feb 2021 | Rights issue | ₹11.14 Cr | Investors: Tanncam Investments, an individual |
| Dec 2019 | Acquisition | ₹4.41 Cr | Buyer: Tanncam Investments |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Qwy Technologies Private Limited
Qwy Technologies Private Limited has 53 court cases on record: 51 filed by Qwy Technologies, 2 filed against it. 44 cases are pending and 9 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 2 | 44 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed by the company against Hyperwings Technologies Private Limited | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against Hyperwings Technologies Private Limited | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Risivan Logistics Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Hyperwings Technologies Private Limited | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed by the company against Al Basheer Logistics Private Limited | Pending |
Full case history
All 53 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Qwy Technologies Private Limited
Qwy Technologies Private Limited has a workforce of 98 employees as of Apr 07, 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 Qwy Technologies Private Limited
Qwy Technologies Private Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Vineetha Chidambaran was appointed as Director on 20 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Qwy 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
Verified entity values are shown only after access is granted.
MSME Payment Delays by Qwy 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 Qwy 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
Verified entity values are shown only after access is granted.
GST Compliance of Qwy Technologies Private Limited
Qwy Technologies has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACQ6290K1ZA | Kerala | Active | 29 Oct 2019 |
| 32AAACQ6290K1CL | Kerala | Active | 13 Mar 2022 |
| 29AAACQ6290K1ZX | Karnataka | Active | 19 Feb 2020 |
| 33AAACQ6290K1Z8 | Tamil Nadu | Active | 26 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.
MCA Filings & Documents of Qwy 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.
Frequently Asked Questions about Qwy Technologies Private Limited
Qwy Technologies is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 26 August 2019 (7+ years old) and is registered under CIN U72900KL2019PTC059346.
Qwy Technologies reported revenue of ₹47.01 Cr for FY 2024 (up 185% YoY).
Qwy Technologies has 4 current directors:
- Velayudhan Prakash - Director
- Rakesh Joy - Director
- Biloliddin Nuriddinov - Director
- Vineetha Chidambaran - Director
Qwy Technologies reported a net loss of ₹12.51 Cr (net margin -26.6%) and EBITDA of -₹15.36 Cr (EBITDA margin -32.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Qwy Technologies is 348% over three years. In the latest year (FY 2024) revenue rose 185%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Qwy Technologies is 32AAACQ6290K1ZA, registered in Kerala. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 32AAACQ6290K1CL (Kerala), 29AAACQ6290K1ZX (Karnataka), 33AAACQ6290K1Z8 (Tamil Nadu).
The CIN (Corporate Identification Number) of Qwy Technologies is U72900KL2019PTC059346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qwy Technologies has 53 court cases on record: 51 filed by the company and 2 filed against it. 44 are pending.
Qwy Technologies was incorporated on 26 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
Qwy Technologies has 4 deals on record (2 rights issues, 1 secondary share transfer, 1 acquisition); the latest was in December 2021.
The peers of Qwy Technologies by revenue are Aarinstar Enterprise Private Limited, Carlton One Engagement India Private Limited, Anr Software Private Limited, Booking.Com India Support & Marketing Services Private Limited, Winds E Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).