Sourcebits Technologies Private Limited - Company Profile

It is a information technology private limited company based in Bangalore, Karnataka, India, established in 2006.

2006 Bangalore, Karnataka, India Active

Last Updated: January 05, 2026

About Sourcebits Technologies Private Limited

Sourcebits Technologies Private Limited, a active private limited company, was established on 27 April 2006 in Bangalore, Karnataka, India. Engaging in application development & software solutions within the information and communication sector, it holds CIN: U72200KA2006PTC039143. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹5.43 M.

It upholds a compliant status. Employing 15 professional, Its leadership includes Velayudhan Krishnan Nair (Director), Viral Champaklal Vora (Director). Past directors included Jimmy Jacob, Mohit Singal, Munish Gupta. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at #170-172, Phase 2, Epip, Whitefield,, Bangalore, Karnataka, 560066.

Company Details

CIN/LLPIN
U72200KA2006PTC039143
Registration Number
039143
Incorporation Date
27 April 2006
Authorized Capital
₹1.00 Cr
Paid-Up Capital
₹5.43 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.00 Cr as on 05-01-2026
Paid Up Capital ₹ 5.43 M as on 05-01-2026
Company Age 19 Year, 9 Months
Last Filing with ROC 31 Mar 2024
Revenue Growth **** -53.94% (FY 2022)
Profit Growth **** -80.17% (FY 2022)
Ebitda **** -80.61% (FY 2022)
Net Worth 5.45% (FY 2022)
Total Assets **** 2.05% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Sourcebits Technologies Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Sourcebits Technologies Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Velayudhan Krishnan Nair	Director	26 Apr 2017	Current
Viral Champaklal Vora	Director	26 Apr 2017	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	15 Apr 2011	Past
Pramod Abcsdd	Director	15 Apr 2011	Past
Pramod Abcsdd	Director	27 Apr 2017	Past
Pramod Abcsdd	Managing Director	22 Aug 2014	Past
Pramod Abcsdd	Director	13 Oct 2015	Past
Pramod Abcsdd	Director	15 Apr 2011	Past

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Financial Performance of Sourcebits Technologies.

Sourcebits Technologies Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 53.94% decrease. The company also saw a substantial fall in profitability, with a 80.17% decrease in profit. The company's net worth moved up by a moderate rise of 5.45%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-53.94%

*******

Revenue from Operations

*******

-55.68%

*******

Total Assets

*******

2.05%

*******

Profit or Loss

*******

-80.17%

*******

Net Worth

*******

5.45%

*******

EBITDA

*******

-80.61%

*******

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What is the Ownership and Shareholding Structure of Sourcebits Technologies?

In 2022, Sourcebits Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Sourcebits Technologies?

Sourcebits Technologies has a workforce of 15 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Sourcebits Technologies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sourcebits Technologies's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Sourcebits Technologies

Recent Activity within the Organization

Annual General Meeting

The activity Sourcebits Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Balance Sheet

Progress on Sourcebits Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was documented.
31 Mar 2024
Director Appointment

Progress on Velayudhan Krishnan Nair was appointed as a Director was appointed as a Director on 26 Apr 2017 & has been associated with this company since 8 years 9 months . was documented.
26 Apr 2017
Director Appointment

The activity Viral Champaklal Vora was appointed as a Director was appointed as a Director on 26 Apr 2017 & has been associated with this company since 8 years 9 months . was completed.
26 Apr 2017
Company Incorporation

Sourcebits Technologies Private Limited was registered on 27 Apr 2006 with Roc Bangalore & aged 19 years 9 months as per MCA records. was recorded as a recent event.
27 Apr 2006

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