Startup India Government of India
Simtech IT Solutions Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹29.4 Cr
▲ 1% YoY
Net profit · FY 2024
₹5.88 Cr
Net margin 20%
EBITDA · FY 2024
₹8.88 Cr
EBITDA margin 30.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
108
Provident fund records
Directors on board
3
As per MCA filings
About Simtech IT Solutions Private Limited
Data last updated:
Simtech IT Solutions Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC118836. Its GSTIN is 29ABBCS1808D1ZL (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Neha Tandon and Muralidhar Vellanki.
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 No. 1573 18th Main 39th A Cross Road 4th T Block East Jayanagar, Bengaluru, Karnataka, India – 560041.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.4 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹5.88 Cr (net margin 20%) and EBITDA of ₹8.88 Cr (EBITDA margin 30.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 655% over five years.
The company has about 108 employees on its provident fund (EPFO) records.
Simtech IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0292652). For more details, the company can be reached via its website simtechitsolutions.in.
Company details
CIN U72900KA2018PTC118836
Registration Number 118836
Incorporation Date 27 November 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0292652
Recognitions & Rankings of Simtech IT Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0292652
Contact details
Simtech IT Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is simtechitsolutions.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 1573 18th Main 39th A Cross Road 4th T Block East Jayanagar, Bengaluru, Karnataka, India – 560041
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Simtech IT Solutions Private Limited, buy the company report.
Comprehensive company report
Simtech IT Solutions 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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Business activity
The main business activity of Simtech IT Solutions 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 Simtech IT Solutions Private Limited, buy the company report.
Financials of Simtech IT Solutions Private Limited
FY 2024 filings availableSimtech IT Solutions Private Limited reported revenue of ₹29.4 Cr (up 1% YoY) for FY 2024.
Revenue · FY 2024
₹29.4 Cr ▲ 1%
Net profit · FY 2024
₹5.88 Cr margin 20%
EBITDA · FY 2024
₹8.88 Cr margin 30.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▼ 2%
5 years · compounded
▲ 655%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 2%
5 years · compounded
▲ 842%
Revenue has grown at a compounded annual rate (CAGR) of 655% over five years, including 1% growth in the latest year. EBITDA rose 24% 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 | ₹8.88 Cr | ||||
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| Net Profit (PAT) | ₹5.88 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 | 30.2% | ||||
| Net Profit Margin | 20% | ||||
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To see the full financial statements and ratios of Simtech IT Solutions Private Limited, buy the company report.
Board of directors of Simtech IT Solutions Private Limited
Simtech IT Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Tandon Also directs: Ellipticals Networks Private Limited | Director | 26 Mar 2021 | 5 Years 6 Months | Current |
| Muralidhar Vellanki Also directs: Green Peach Tree LLP, Meili Forex Private Limited | Director | 26 Mar 2021 | 5 Years 6 Months | Current |
| Yogesh Pashan | Director | 26 Mar 2021 | 5 Years 6 Months | Current |
Peer comparison
Simtech IT Solutions Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Green Honchos Solutions Private Limited | ₹29.5 Cr (FY 2024) | -9.0% | New Delhi, Delhi, India | |||
| Nihilent Analytics Limited | ₹29.44 Cr (FY 2020) | 5.0% | Pune, Maharashtra, India | |||
| Facctum IT Solutions India Private Limited | ₹29.41 Cr (FY 2025) | 24.0% | Bangalore, Karnataka, India | |||
| Prevalent AI India Private Limited | ₹29.41 Cr (FY 2024) | 6.0% | Kunnathunad, Kerala, India | |||
| Lemon Technologies (India) Private Limited | ₹29.4 Cr (FY 2025) | -16.0% | Surat, Gujarat, India | |||
| Simtech IT Solutions Private Limitedthis company | ₹29.4 Cr (FY 2024) | ₹5.88 Cr | 20% | 1.0% | 108 | Bengaluru, Karnataka, India |
| Mindbowser Infosolutions Private Limited | ₹29.39 Cr (FY 2024) | 9.0% | Pune, Maharashtra, India | |||
| Commerce Pundit Technologies Private Limited | ₹29.39 Cr (FY 2025) | 7.0% | Gandhinagar, Gujarat, India | |||
| Olr India Consulting Private Limited | ₹29.35 Cr (FY 2025) | -2.0% | Bangalore, Karnataka, India | |||
| Everestdx (India) Private Limited | ₹29.34 Cr (FY 2025) | 30.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Simtech IT Solutions Private Limited, buy the company report.
Auditor
Simtech IT Solutions Private Limited is audited by P R Chandra & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R Chandra & CO. | FY 2023 | 018985S |
Shareholding
The shareholding of Simtech IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Simtech IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Simtech IT Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Simtech IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Simtech IT Solutions Private Limited has a workforce of 108 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
108
Active EPFO establishments
1
Employee growth
-8.47%
GST
Simtech IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBCS1808D1ZL | Karnataka | Active | 15 Jan 2019 |
To see the full GST registrations and return filing status of Simtech IT Solutions Private Limited, buy the company report.
Recent activity
Simtech IT Solutions Private Limited has 8 board changes on record since 2021: 3 appointments and 5 cessations. The latest: Narasimhan Murali Iyer ceased to be Director on 14 Feb 2023.
AGM
Simtech It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Simtech It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Narasimhan Murali Iyer ceased to be Director.
Ceased
Muralidhar Vellanki ceased to be Additional Director.
Ceased
Neha Tandon ceased to be Additional Director.
Ceased
Yogesh Pashan ceased to be Additional Director.
Appointed
Muralidhar Vellanki was appointed as Director.
Appointed
Neha Tandon was appointed as Director.
Ceased
Savithri Narasimhan ceased to be Director.
Appointed
Yogesh Pashan was appointed as Director.
Incorporation
27 Nov 2018
Simtech It Solutions Private Limited was registered on 27 Nov 2018 with Roc Bangalore & aged 7 years 10 months as per MCA records.
Frequently asked questions
Simtech IT Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 November 2018 (8+ years old) and is registered under CIN U72900KA2018PTC118836.
Simtech IT Solutions has 3 current directors:
- Neha Tandon - Director
- Muralidhar Vellanki - Director
- Yogesh Pashan - Director
The latest financial statements of Simtech IT Solutions 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 2019 are in the company report.
The GSTIN of Simtech IT Solutions is 29ABBCS1808D1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Simtech IT Solutions is U72900KA2018PTC118836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simtech IT Solutions was incorporated on 27 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Simtech IT Solutions by revenue are Green Honchos Solutions Private Limited, Nihilent Analytics Limited, Facctum IT Solutions India Private Limited, Prevalent AI India Private Limited, Lemon Technologies (India) Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Narasimhan Murali Iyer ceased to be Director on 14 Feb 2023. Muralidhar Vellanki ceased to be Additional Director on 30 Nov 2021. Neha Tandon ceased to be Additional Director on 30 Nov 2021. Simtech IT Solutions has 8 board changes on record in total.
Yes, Simtech IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Simtech IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0292652).
Simtech IT Solutions can be reached through the website simtechitsolutions.in. Its registered office is in Bengaluru, Karnataka, India.