About Reachwell Software Services Private Limited
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Reachwell Software Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA1993PTC014710. Its GSTIN is 29AACCS6555R1ZF (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Prasanna Kumar Pete and Gouri Shankar Srinivas Polisetty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 15 Basappa Road Shanthi Nagar Bangalore., Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.21 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.57 Lakh (net margin -6.7%) and EBITDA of -₹1.59 Lakh (EBITDA margin -4.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 12% over five years.
The company is associated with 1 brand: Reachwell. As per MCA filings, the company has open charges of ₹17.98 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reachwell.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address15 Basappa Road Shanthi Nagar Bangalore., Karnataka, India – 560027
- 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
Business Activity of Reachwell Software Services Private Limited
The main business activity of Reachwell Software Services is professional, scientific and technical. 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 | M9 | 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.
Financials of Reachwell Software Services Private Limited FY 2025 filings available
Reachwell Software Services Private Limited reported revenue of ₹38.21 Lakh (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Reachwell Software Services Private Limited
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 57% 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 Reachwell Software Services 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 | -₹1.59 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.57 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 Reachwell Software Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.7% | •••• | •••• | •••• | •••• |
| 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 Reachwell Software Services 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.
Peer Comparison of Reachwell Software Services Private Limited
Reachwell Software Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development, Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neoinvensys Solutions Private Limited | ₹38.26 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| MNM Megartha Software Technologies Private Limited | ₹38.25 Lakh (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Workflowed Solutions Private Limited | ₹38.24 Lakh (FY 2025) | •••• | •••• | 155.0% | •••• | Mumbai, Maharashtra, India |
| Kairos Software Services India Private Limited | ₹38.22 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Redeem Software Private Limited | ₹38.22 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Bengaluru, Karnataka, India |
| Reachwell Software Services Private Limited this company | ₹38.21 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Softcons Innovations India Private Limited | ₹38.2 Lakh (FY 2025) | •••• | •••• | -76.0% | •••• | Bangalore, Karnataka, India |
| J A K Software Pvt Ltd | ₹38.19 Lakh (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| First Tek Private Limited | ₹38.15 Lakh (FY 2024) | •••• | •••• | 36.0% | •••• | Hyderabad, Telangana, India |
| Netconsulate Software Private Limited | ₹38.14 Lakh (FY 2025) | •••• | •••• | 150.0% | •••• | Pune, Maharashtra, India |
| Devapp Tech Solutions Private Limited | ₹38.13 Lakh (FY 2021) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Reachwell Software Services by revenue in the Information Technology industry (Application Development, Software Services), 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 Reachwell Software Services Private Limited
Reachwell Software Services Private Limited is audited by T SRIRAM MEHTA & TADIMALLA for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T SRIRAM MEHTA & TADIMALLA | 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 Reachwell Software Services Private Limited
Reachwell Software Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Kumar Pete Also directs: Innoprosol Private Limited | Director | 27 Mar 2019 | 7 Years 6 Months | Current |
| Gouri Shankar Srinivas Polisetty Also directs: Kayen Support Services Private Limited, Vibeshift Private Limited, Dakota Consulting Private Limited and 1 more | Director | 30 Sep 2004 | 22 Years 0 Months | Current |
| Nanjappa Karathachira Kariappa | Director | 27 Mar 2019 | 7 Years 6 Months | Current |
| Sashikala Polisetty Also directs: Dakota Consulting Private Limited | Director | 27 Mar 2019 | 7 Years 6 Months | Current |
Ownership and Shareholding of Reachwell Software Services 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 Reachwell Software Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Aug 2019 | Canara Bank | ₹11.81 Lakh | Open |
| 08 Oct 2009 | Syndicate Bank | ₹6.17 Lakh | Open |
Total charge records: 2 View all charges
Associated Brands with Reachwell Software Services Private Limited
Reachwell Software Services operates one associated brand: Reachwell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive software development, data center, and IT consulting services. | reachwell.net |
Employees and EPFO Compliance at Reachwell Software Services Private Limited
Employment history and EPFO contributions of people linked to Reachwell Software Services.
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 Reachwell Software Services Private Limited
Reachwell Software Services Private Limited has 6 board changes on record since 2004: 4 appointments and 2 cessations. The latest: Babu Jayendran ceased to be Director on 27 Mar 2019.
Credit Ratings, Litigation & Regulatory Alerts for Reachwell Software Services 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 Reachwell Software Services 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 Reachwell Software Services 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 Reachwell Software Services Private Limited
Reachwell Software Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS6555R1ZF | Karnataka | Active | 01 Jul 2017 |
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 Reachwell Software Services 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 Reachwell Software Services Private Limited
Reachwell Software Services 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 06 September 1993 (33+ years old) and is registered under CIN U72900KA1993PTC014710.
Reachwell Software Services reported revenue of ₹38.21 Lakh for FY 2024 (up 9% YoY).
Reachwell Software Services has 4 current directors:
- Prasanna Kumar Pete - Director
- Gouri Shankar Srinivas Polisetty - Director
- Nanjappa Karathachira Kariappa - Director
- Sashikala Polisetty - Director
Reachwell Software Services reported a net loss of ₹2.57 Lakh (net margin -6.7%) and EBITDA of -₹1.59 Lakh (EBITDA margin -4.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Reachwell Software Services is -21% over three years and -12% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Reachwell Software Services is 29AACCS6555R1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Reachwell Software Services is U72900KA1993PTC014710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reachwell Software Services was incorporated on 06 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Reachwell Software Services by revenue are Neoinvensys Solutions Private Limited, MNM Megartha Software Technologies Private Limited, Workflowed Solutions Private Limited, Kairos Software Services India Private Limited, Redeem Software Private Limited and 5 more, all in the Information Technology industry (Application Development, Software Services).
Babu Jayendran ceased to be Director on 27 Mar 2019. Nanjappa Karathachira Kariappa was appointed as Director on 27 Mar 2019. Prasanna Kumar Pete was appointed as Director on 27 Mar 2019. Reachwell Software Services has 6 board changes on record in total.
Reachwell Software Services can be reached through the website reachwell.net. Its registered office is in Bangalore, Karnataka, India.