About Simplyfi Softech India Private Limited
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Simplyfi Softech India Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 30 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC096120. Its GSTIN is 29AAXCS5187L2Z3 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rajachandra Akella Viswanadh and Chandra Sekhar Ayyalasomayajula.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.63 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹69.04 Lakh (net margin 12.3%) and EBITDA of ₹97.23 Lakh (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 218% over three years and 255% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SimplyFi. As per MCA filings, the company has open charges of ₹12.84 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 simplyfi.tech.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No.118, Epip Layoutwhite Field, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Software Development & Support Services
- 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 Simplyfi Softech India Private Limited
The main business activity of Simplyfi Softech India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Simplyfi Softech India Private Limited FY 2024 filings available
Simplyfi Softech India Private Limited reported revenue of ₹5.63 Cr (up 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Simplyfi Softech India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 255% over five years, including 39% growth in the latest year. EBITDA fell 8% 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 Simplyfi Softech India 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 | ₹97.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹69.04 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 Simplyfi Softech India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.3% | •••• | •••• | •••• | •••• |
| 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 Simplyfi Softech India are in the company report.
Financial statements from FY 2017
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 Simplyfi Softech India Private Limited
Simplyfi Softech India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modaviti Emarketing Private Limited | •••• | •••• | •••• | •••• | 33 | Mumbai, Maharashtra, India |
| Excelsior Softwares Private Limited | •••• | •••• | •••• | •••• | 59 | New Delhi, Delhi, India |
| Modi Consultants Ltd | •••• | •••• | •••• | •••• | - | Cuttack, Orissa, India |
| Tagrem India Private Limited | •••• | •••• | •••• | •••• | 39 | Pune, Maharashtra, India |
| Kesh Staffing Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Simplyfi Softech India Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sama Audit Systems and Softwares Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Nimkartek Technical Services Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Airtory Interactive Private Limited | •••• | •••• | •••• | •••• | 19 | Bangalore, Karnataka, India |
| Itfms Infotech Private Limited | •••• | •••• | •••• | •••• | - | Haveli, Maharashtra, India |
| Naive Plus Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Alappuzha, Kerala, India |
Peers are the five companies nearest above and the five nearest below Simplyfi Softech India by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Simplyfi Softech India Private Limited
Simplyfi Softech India Private Limited is audited by MODI AGARWAL & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MODI AGARWAL & ASSOCIATES LLP | 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 Simplyfi Softech India Private Limited
Simplyfi Softech India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajachandra Akella Viswanadh Also directs: Finvault Tech LLP, Evionics Innovations Private Limited, Evionics Service Network Private Limited and 4 more | Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Chandra Sekhar Ayyalasomayajula | Director | 23 Sep 2019 | 7 Years 0 Months | Current |
Ownership and Shareholding of Simplyfi Softech India 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 Simplyfi Softech India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2024 | Hdfc Bank Limited | ₹12.84 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Simplyfi Softech India Private Limited
Simplyfi Softech India operates one associated brand: SimplyFi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Intelligent process automation solutions are provided for documentation processing. | simplyfi.tech |
Employees and EPFO Compliance at Simplyfi Softech India Private Limited
Simplyfi Softech India Private Limited has a workforce of 43 employees as of Mar 28, 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 Simplyfi Softech India Private Limited
Simplyfi Softech India Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Chandra Sekhar Ayyalasomayajula was appointed as Director on 23 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Simplyfi Softech India 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 Simplyfi Softech India 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 Simplyfi Softech India 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 Simplyfi Softech India Private Limited
Simplyfi Softech India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAXCS5187L2Z3 | Karnataka | Active | 10 May 2019 |
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 Simplyfi Softech India 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 Simplyfi Softech India Private Limited
Simplyfi Softech India is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 30 August 2016 (10+ years old) and is registered under CIN U74999KA2016PTC096120.
Simplyfi Softech India reported revenue of ₹5.63 Cr for FY 2024 (up 39% YoY).
Simplyfi Softech India has 2 current directors:
- Rajachandra Akella Viswanadh - Director
- Chandra Sekhar Ayyalasomayajula - Director
Simplyfi Softech India reported a net profit of ₹69.04 Lakh (net margin 12.3%) and EBITDA of ₹97.23 Lakh (EBITDA margin 17.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Simplyfi Softech India is 218% over three years and 255% over five years. In the latest year (FY 2024) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Simplyfi Softech India is 29AAXCS5187L2Z3, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Simplyfi Softech India is U74999KA2016PTC096120. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simplyfi Softech India was incorporated on 30 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Simplyfi Softech India by revenue are Modaviti Emarketing Private Limited, Excelsior Softwares Private Limited, Modi Consultants Ltd, Tagrem India Private Limited, Kesh Staffing Private Limited and 5 more, all in the Information Technology industry (Software Services).
Chandra Sekhar Ayyalasomayajula was appointed as Director on 23 Sep 2019. Venkatesh Siruvuri ceased to be Director on 23 Sep 2019. Lakshmi Narasimhan Narayanan ceased to be Director on 18 Jul 2018. Simplyfi Softech India has 4 board changes on record in total.
Yes, Simplyfi Softech India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).