About Source Engineering and Technology Services Private Limited
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Source Engineering and Technology Services Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Source Engineering Services Llc. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 29 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2010PTC054281. Its GSTIN is 29AAOCS4532Q1ZG (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.39 Lakh. It is led by directors including Abhijit Yogendra Desai and Eric Lloyd Sudhoff.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.29 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 12.3%) and EBITDA of ₹3.69 Cr (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 21% over five years.
The company has about 166 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Source Engineering Services. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 4 deals on record (4 secondary share transfers); the latest was in December 2018. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website source-engineering.com.
Company details
Contact details
Source Engineering and Technology Services Private Limited's registered office is in Bangalore, Karnataka. Its website is source-engineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 32 2nd Floor 1st Main Road 3rd Phase, Jp Nagar Ward No. 57, Bangalore, Karnataka, India – 560078
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Source Engineering and Technology Services Private Limited, buy the company report.
- 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
Brands
Source Engineering and Technology Services operates one associated brand: Source Engineering Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers electrical design and manufacturing services to businesses. | source-engineering.com |
Business activity
The main business activity of Source Engineering and Technology Services 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 Source Engineering and Technology Services Private Limited, buy the company report.
Financials of Source Engineering and Technology Services Private Limited
FY 2025 filings availableSource Engineering and Technology Services Private Limited reported revenue of ₹21.29 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 11% growth in the latest year. EBITDA rose 95% 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 |
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| EBITDA | ₹3.69 Cr | ||||
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| Net Profit (PAT) | ₹2.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.3% | ||||
| Net Profit Margin | 12.3% | ||||
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To see the full financial statements and ratios of Source Engineering and Technology Services Private Limited, buy the company report.
Board of directors of Source Engineering and Technology Services Private Limited
Source Engineering and Technology Services has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijit Yogendra Desai Also directs: Juntrax Solutions Private Limited | Director | 26 Aug 2013 | 13 Years 2 Months | Current |
| Eric Lloyd Sudhoff | Director | 31 Mar 2011 | 15 Years 7 Months | Current |
| Shrinivas Pralhad Kulkarni Also directs: JCSS BCL Management Consulting Private Limited | Director | 29 Jun 2010 | 16 Years 4 Months | Current |
| Halaswamy Nittuvalli Srinivasa | Director | 14 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Source Engineering and Technology Services Private Limited is audited by KIRAN RAJ & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRAN RAJ & CO | FY 2023 | 010735S |
Shareholding
The shareholding of Source Engineering and Technology Services 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Source Engineering and Technology Services Private Limited, buy the company report.
Deals & funding
Source Engineering and Technology Services Private Limited has 4 deals on record (4 secondary share transfers); the latest was in December 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Source Engineering Services BV, Source Engineering Services LLC Seller: an individual |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Source Engineering and Technology Services Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Source Engineering and Technology Services 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
Source Engineering and Technology Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Source Engineering and Technology Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Source Engineering and Technology Services Private Limited has a workforce of 166 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Source Engineering and Technology Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS4532Q1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Source Engineering and Technology Services Private Limited, buy the company report.
Recent activity
Source Engineering and Technology Services Private Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Halaswamy Nittuvalli Srinivasa ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Source Engineering and Technology Services is an active private limited company based in Bangalore, Karnataka, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 29 June 2010 (16+ years old) and is registered under CIN U74900KA2010PTC054281.
Source Engineering and Technology Services has 4 current directors:
- Abhijit Yogendra Desai - Director
- Eric Lloyd Sudhoff - Director
- Shrinivas Pralhad Kulkarni - Director
- Halaswamy Nittuvalli Srinivasa - Director
The latest financial statements of Source Engineering and Technology Services 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 2015 are in the company report.
The GSTIN of Source Engineering and Technology Services is 29AAOCS4532Q1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Source Engineering and Technology Services is U74900KA2010PTC054281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Source Engineering and Technology Services has 1 court case on record: 1 filed against it. 1 is pending.
Source Engineering and Technology Services was incorporated on 29 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Source Engineering and Technology Services has 4 deals on record (4 secondary share transfers); the latest was in December 2018.
Halaswamy Nittuvalli Srinivasa ceased to be Additional Director on 29 Sep 2024. Halaswamy Nittuvalli Srinivasa was appointed as Director on 14 Mar 2024. Abhijit Yogendra Desai ceased to be Additional Director on 30 Sep 2013. Source Engineering and Technology Services has 8 board changes on record in total.
Source Engineering and Technology Services has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 19 May 2020.
Source Engineering and Technology Services can be reached through the website source-engineering.com. Its registered office is in Bangalore, Karnataka, India.
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