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Bessel Systems Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.55 Cr
▲ 47% YoY
Net profit · FY 2025
₹6.48 Cr
Net margin 20.5%
EBITDA · FY 2025
₹12.03 Cr
EBITDA margin 38.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.41 Cr
Issued & subscribed
Open charges
₹53.4 Cr
Satisfied ₹50 Lakh
Company age
8 yrs
Est. 2018
Employees · EPFO
134
Provident fund records
About Bessel Systems Limited
Data last updated:
Bessel Systems Limited is a public limited company based in Bengaluru, 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 08 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2018PLC113805. Its GSTIN is 29AAICR9932M1ZH (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.41 Cr. It was formerly known as Rfmw Innovations Lab Private Limited. It is led by directors including Hemanth Gaddam (Managing Director) and Akash Kumar Agrawal (Whole-Time Director).
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 Vinyas F86 Building Iti Ltd Doorvaninagar, Bengaluru, Karnataka, India – 560016.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.55 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹6.48 Cr (net margin 20.5%) and EBITDA of ₹12.03 Cr (EBITDA margin 38.1%). Revenue has grown at a compounded annual rate (CAGR) of 219% over three years and 250% over five years.
The company has about 134 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RFMW Innovations Lab. As per MCA filings, the company has open charges of ₹53.4 Cr and satisfied charges of ₹50 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024.
Bessel Systems Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0057523). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irfmw.com.
Company details
CIN U74900KA2018PLC113805
Registration Number 113805
Incorporation Date 08 June 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0057523
CIN history
Bessel Systems has one previous CIN (Corporate Identification Number): U74900KA2018PTC113805. The current CIN is U74900KA2018PLC113805, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900KA2018PLC113805 | Current |
| U74900KA2018PTC113805 | Previous |
Key People
Hemanth Gaddam Managing Director Akash Kumar Agrawal Whole-Time Director Sartaj Singh Director Recognitions & Rankings of Bessel Systems
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0057523
Contact details
Bessel Systems Limited's registered office is in Bengaluru, Karnataka. Its website is irfmw.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVinyas F86 Building Iti Ltd Doorvaninagar, Bengaluru, Karnataka, India – 560016
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Bessel Systems Limited, buy the company report.
Comprehensive company report
Bessel Systems 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
Bessel Systems operates one associated brand: RFMW Innovations Lab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| RF and microwave solutions for defense and telecommunications services. | irfmw.com |
Business activity
The main business activity of Bessel Systems is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Bessel Systems Limited, buy the company report.
Financials of Bessel Systems Limited
FY 2025 filings availableBessel Systems Limited reported revenue of ₹31.55 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹31.55 Cr ▲ 47%
Net profit · FY 2025
₹6.48 Cr margin 20.5%
EBITDA · FY 2025
₹12.03 Cr margin 38.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 219%
5 years · compounded
▲ 250%
EBITDA CAGR growth
1 year
▲ 190%
3 years · compounded
▲ 315%
Revenue has grown at a compounded annual rate (CAGR) of 250% over five years, including 47% growth in the latest year. EBITDA rose 190% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹31.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.48 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.1% | ||||
| Net Profit Margin | 20.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Bessel Systems Limited, buy the company report.
Board of directors of Bessel Systems Limited
Bessel Systems has 3 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 |
|---|---|---|---|---|
| Hemanth Gaddam | Managing Director | 08 Jun 2018 | 8 Years 5 Months | Current |
| Akash Kumar Agrawal | Whole-Time Director | 18 Jan 2025 | 1 Years 9 Months | Current |
| Sartaj Singh Also directs: Speb Adhesives Limited | Director | 21 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Bessel Systems Limited is audited by B.N.PAI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.N.PAI & CO | FY 2023 | 008851S |
Shareholding
The shareholding of Bessel Systems Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bessel Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹53.4 Cr
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2026 | 101374982 | Sidbi | ₹2.4 Cr | Open | |
| 05 Mar 2026 | 101263716 | Sidbi | ₹12 Cr | Open | |
| 03 Feb 2025 | 101044769 | Others | ₹4 Cr | Open | |
| 29 Dec 2023 | 100858661 | Others | ₹7 Cr | Open | |
| 29 Dec 2023 | 100858666 | Others | ₹28 Cr | Open |
To see the full charge records of Bessel Systems Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Bessel Systems Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024.
Total deals
3
Rights issue
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹28.97 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Funding round | ₹28.97 Cr | Investors: Suryatej Advisors LLP , 3 individuals |
| Aug 2024 | Rights issue | ₹1.84 Cr | Investors: Def Space Technologies Private Limited, 3 individuals |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bessel Systems Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Vias3d Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Vias3d Private Limited | Disposed |
To see the full case history of Bessel Systems 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 Bessel Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bessel Systems Limited has a workforce of 134 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
134
Active EPFO establishments
1
Employee growth
24.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 134 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Bessel Systems Limited, buy the company report.
GST
Bessel Systems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICR9932M1ZH | Karnataka | Active | 19 Aug 2018 |
| 36AAICR9932M1ZM | Telangana | Active | 09 May 2024 |
To see the full GST registrations and return filing status of Bessel Systems Limited, buy the company report.
Recent activity
Bessel Systems Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Sartaj Singh ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Sidbi amounted to Rs. 2.40 Cr with Charge ID 101374982 was registered on 30 Jul 2026.
Charges
A charge with Others of Rs. 28.00 Cr registered on 29 Dec 2023 with Charge ID 100858666 was modified on 14 Jul 2026.
Charges
A charge with Sidbi amounted to Rs. 12.00 Cr with Charge ID 101263716 was registered on 05 Mar 2026.
AGM
Bessel Systems Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Sartaj Singh ceased to be Additional Director.
Filing
Bessel Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Sartaj Singh was appointed as Director.
Ceased
Akash Kumar Agrawal ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101044769 was registered on 03 Feb 2025.
Appointed
Akash Kumar Agrawal was appointed as Whole-Time Director.
Ceased
Gaddam Hemanth ceased to be Director.
Charges
A charge registered on 30 Dec 2022 via Charge ID 100661812 with Axis Bank Limited was fully satisfied on 18 Jan 2024.
5 earlier events are in the company report.
Frequently asked questions
Bessel Systems is an active public limited company based in Bengaluru, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 08 June 2018 (8+ years old) and is registered under CIN U74900KA2018PLC113805.
Bessel Systems has 3 current directors:
- Hemanth Gaddam - Managing Director
- Akash Kumar Agrawal - Whole-Time Director
- Sartaj Singh - Director
The latest financial statements of Bessel Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Bessel Systems is 29AAICR9932M1ZH, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAICR9932M1ZM (Telangana).
The CIN (Corporate Identification Number) of Bessel Systems is U74900KA2018PLC113805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bessel Systems has 2 court cases on record: 2 filed against it. 1 is pending.
Bessel Systems was incorporated on 08 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Bessel Systems has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹28.97 Cr; the latest was in October 2024.
Sartaj Singh ceased to be Additional Director on 29 Sep 2025. Sartaj Singh was appointed as Director on 21 Feb 2025. Akash Kumar Agrawal ceased to be Additional Director on 11 Feb 2025. Bessel Systems has 6 board changes on record in total.
Yes, Bessel Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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