Startup India Government of India
Qwy Technologies Private Limited - internet in Thiruvananthapuram, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹47.01 Cr
▲ 185% YoY
Net loss · FY 2024
₹12.51 Cr
Net margin -26.6%
EBITDA · FY 2024
-₹15.36 Cr
EBITDA margin -32.7%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹9.96 Cr
Issued & subscribed
Open charges
₹30.63 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
98
Provident fund records
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.
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.
Company details
CIN U72900KL2019PTC059346
Registration Number 059346
Incorporation Date 26 August 2019
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Tanncam Investment Pte Ltd.
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Qwy Technologies
Contact details
Qwy Technologies Private Limited's registered office is in Thiruvananthapuram, Kerala. Its website is qwqer.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressFirst Floor Amstor House, Technopark, Thiruvananthapuram, Kerala, India – 695581
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Qwy Technologies Private Limited, buy the company report.
Comprehensive company report
Qwy 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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Secure checkout · GST invoice included
Business activity
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 | 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 Qwy Technologies Private Limited, buy the company report.
Financials of Qwy Technologies Private Limited
FY 2024 filings availableQwy Technologies Private Limited reported revenue of ₹47.01 Cr (up 185% YoY) for FY 2024.
Revenue · FY 2024
₹47.01 Cr ▲ 185%
Net loss · FY 2024
₹12.51 Cr margin -26.6%
EBITDA · FY 2024
-₹15.36 Cr margin -32.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 185%
3 years · compounded
▲ 348%
EBITDA CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 58%
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹15.36 Cr | ||||
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| Net Profit (PAT) | -₹12.51 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -32.7% | ||||
| Net Profit Margin | -26.6% | ||||
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To see the full financial statements and ratios of Qwy Technologies Private Limited, buy the company report.
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.
Current Directors
| 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 3 Months | Current |
Auditor
Qwy Technologies Private Limited is audited by JOHN & JAMES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JOHN & JAMES | FY 2023 | 015444S |
Shareholding
The shareholding of Qwy Technologies Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Qwy Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.63 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2023 | 100818354 | Hdfc Bank Limited | ₹30.63 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Qwy Technologies Private Limited has 4 deals on record (2 rights issues, 1 secondary share transfer, 1 acquisition); the latest was in December 2021.
Total deals
4
Rights issues
2
Secondary share transfer
1
Acquisition
1
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 |
To see the full deal history of Qwy Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
Total cases
53
Filed by the company
51
Filed against the company
2
Pending
44
Disposed
9
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 M/S Hyperwings Technologies Pvt Ltd., Represented by Its Director Durai Raj. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Hyperwings Technologies Pvt Ltd and Others | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against M/S Hyperwings Technologies Pvt Ltd | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed by the company against Al Basheer Logistics Private Limited and 1 other | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against Tryonce Agro Pvt.Ltd and 9 others | Pending |
To see the full case history of Qwy Technologies 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 Qwy Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Qwy Technologies Private Limited has a workforce of 98 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
98
Active EPFO establishments
1
Employee growth
2.08%
GST
Qwy Technologies has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| 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 |
To see the full GST registrations and return filing status of Qwy Technologies Private Limited, buy the company report.
Recent activity
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.
AGM
Qwy Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Qwy Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.31 Cr with Charge ID 100818354 was registered on 16 Sep 2023.
Appointed
Vineetha Chidambaran was appointed as Director.
Appointed
Rakesh Joy was appointed as Director.
Ceased
Bindu ceased to be Additional Director.
Ceased
Rajan Nair Vipinraj ceased to be Director.
Ceased
Biloliddin Nuriddinov ceased to be Additional Director.
Appointed
Biloliddin Nuriddinov was appointed as Director.
Appointed
Velayudhan Prakash was appointed as Director.
Incorporation
26 Aug 2019
Qwy Technologies Private Limited was registered on 26 Aug 2019 with Roc Ernakulam & aged 7 years 1 month as per MCA records.
Frequently asked questions
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 has 4 current directors:
- Velayudhan Prakash - Director
- Rakesh Joy - Director
- Biloliddin Nuriddinov - Director
- Vineetha Chidambaran - Director
The latest financial statements of Qwy Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
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.
Vineetha Chidambaran was appointed as Director on 20 Jul 2022. Rakesh Joy was appointed as Director on 14 Jun 2022. Bindu ceased to be Additional Director on 30 Nov 2021. Qwy Technologies has 7 board changes on record in total.
Yes, Qwy Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).