About Sourceability India Private Limited
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Sourceability India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Siqit Gmbh. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 22 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31904KA2019PTC120624. Its GSTIN is 29AAJCR3741H1Z4 (Karnataka).
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹25.5 Lakh. It was formerly known as Ruso Sourceability Private Limited. It is led by directors Ravi Kiran Harohalli Nagaraj and Simone Puddu.
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 2024, the company reported a revenue of ₹6.6 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹66.02 Lakh (net margin 10%) and EBITDA of ₹92.57 Lakh (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sourceability.
For more details, the company can be reached via its website sourceability.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address74 1st Floor Prestige Delta Building, St. Marks Road, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Sourceability India Private Limited
The main business activity of Sourceability India is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Sourceability India Private Limited FY 2025 filings available
Sourceability India Private Limited reported revenue of ₹6.6 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sourceability India Private Limited
Revenue fell 18% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA rose 3% 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 Sourceability 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 | ₹92.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹66.02 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sourceability India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10% | •••• | •••• | •••• | •••• |
| 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 Sourceability India are in the company report.
Financial statements from FY 2019
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 Sourceability India Private Limited
Sourceability India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Consulting Services, Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ahran Commercials Private Limited | ₹6.6 Cr (FY 2022) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Shreeshakti Dealcom Private Limited | ₹6.6 Cr (FY 2025) | •••• | •••• | 126595.0% | •••• | Kolkata, West Bengal, India |
| Rao Consultants Private Limited | ₹6.6 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Ahmedabad, Gujarat, India |
| Avinya Engineers Private Limited | ₹6.6 Cr (FY 2025) | •••• | •••• | 88.0% | •••• | Vadodara, Gujarat, India |
| Onstak Technologies Private Limited | ₹6.6 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Sourceability India Private Limited this company | ₹6.6 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Bangalore, Karnataka, India |
| Saguna Consulting Services Private Limited | ₹6.59 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Ludhiana, Punjab, India |
| Penta India Technical Consultants Private Limited | ₹6.58 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Thane, Maharashtra, India |
| Draphant Consultants Private Limited | ₹6.58 Cr (FY 2018) | •••• | •••• | 60.0% | •••• | New Delhi, Delhi, India |
| Kevin Enterprises Private Limited | ₹6.58 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Haltech Switchgear India Private Limited | ₹6.58 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Sourceability India by revenue in the Information Technology industry (Consulting Services, Electronic Equipment and Components Manufacturing), 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 Sourceability India Private Limited
Sourceability India Private Limited is audited by Singhi & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Singhi & Co. | 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 Sourceability India Private Limited
Sourceability India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kiran Harohalli Nagaraj | Director | 07 May 2019 | 7 Years 5 Months | Current |
| Simone Puddu | Director | 26 May 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Sourceability 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 Sourceability India Private Limited
Sourceability India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Sourceability India Private Limited
Sourceability India Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 6 overdue payments 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 |
|---|---|---|---|
| Roedl & Partner Consulting Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Sourceability India Private Limited
Sourceability India operates one associated brand: Sourceability. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply chain solutions and electronic components distribution are provided globally. | sourceability.com |
Employees and EPFO Compliance at Sourceability India Private Limited
Sourceability India Private Limited has a workforce of 23 employees as of Apr 06, 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 Sourceability India Private Limited
Sourceability India Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Simone Puddu ceased to be Additional Director on 29 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Sourceability 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.
Subsidiaries & Group Companies of Sourceability 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 Sourceability India Private Limited
Sourceability India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR3741H1Z4 | Karnataka | Active | 26 Jul 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 Sourceability 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 Sourceability India Private Limited
Sourceability India is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 22 January 2019 (7+ years old) and is registered under CIN U31904KA2019PTC120624.
Sourceability India reported revenue of ₹6.6 Cr for FY 2024 (down 18% YoY).
Sourceability India has 2 current directors:
- Ravi Kiran Harohalli Nagaraj - Director
- Simone Puddu - Director
Sourceability India reported a net profit of ₹66.02 Lakh (net margin 10%) and EBITDA of ₹92.57 Lakh (EBITDA margin 14%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sourceability India is 36% over three years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sourceability India is 29AAJCR3741H1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Sourceability India is U31904KA2019PTC120624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sourceability India was incorporated on 22 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sourceability India by revenue are Ahran Commercials Private Limited, Shreeshakti Dealcom Private Limited, Rao Consultants Private Limited, Avinya Engineers Private Limited, Onstak Technologies Private Limited and 5 more, all in the Information Technology industry (Consulting Services, Electronic Equipment and Components Manufacturing).
Simone Puddu ceased to be Additional Director on 29 Sep 2025. Simone Puddu was appointed as Director on 26 May 2025. Gaurav Jain ceased to be Additional Director on 28 Sep 2023. Sourceability India has 9 board changes on record in total.
Sourceability India has 3 MSME Form 1 returns on record between 2021 and 2022, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Apr 2022.
Sourceability India can be reached through the website sourceability.com. Its registered office is in Bangalore, Karnataka, India.