About Sourcebits Technologies Private Limited
Data last updated: 13 March 2026
Sourcebits Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ascendum Solutions India Private Limited. It specialises in application development and software solutions, a part of the broader technology and IT services sector. Incorporated on 27 April 2006, the company has been in operation for over 20 years.
Registered with ROC Bangalore under CIN U72200KA2006PTC039143.
Capital: an authorised share capital of ₹1 Cr and a paid-up capital of ₹54.35 Lakh. It is led by directors Velayudhan Krishnan Nair and Viral Champaklal Vora.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: #170 – 172 Phase 2 Epip Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.34 Cr, a decline of 53.94% compared to the previous year.
The company has a workforce of approximately 15 employees as per the latest available data. It operates as a subsidiary of Ascendum Solutions India Private Limited.
The company is associated with 2 brands - Sourcebits, Ascendum.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ascendum.com.
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Registered Address#170 – 172 Phase 2 Epip Whitefield, Bangalore, Karnataka, India – 560066
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IndustryInformation Technology, Application Development & Software Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited operates two associated brands: Sourcebits and Ascendum. These brands represent Sourcebits Technologies Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Mobile app development company | sourcebits.com | |
| IT and HR services are delivered across key industries. | ascendum.com |
Competitors & Alternatives of Sourcebits Technologies Private Limited
Brands and companies operating in the same space as Sourcebits Technologies Private Limited include Genpact, Persistent, NTT DATA and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Genpact
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Provider of end-to-end business process outsourcing services | New York, United States, United States | 1997 |
Persistent
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IT consulting, data analytics, and digital transformation services are provided. | Pune, India, India | 1990 |
NTT DATA
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Application development, cloud, cybersecurity, and business intelligence services are provided. | Koto City, Japan, Japan | 1967 |
ICF
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IT suite and market research services are provided worldwide. | United States | 1969 |
Endava
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Endava is engaged in digital transformation and AI-driven solutions. | London, United Kingdom, United Kingdom | 2000 |
Sutherland
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Business process and technology management services are provided globally. | Pittsford, United States, United States | 1986 |
GlobalLogic
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Lifecycle product development services are delivered for software enterprises. | San Jose, United States, United States | 2000 |
ZS
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Strategic and management consulting services are provided worldwide. | Evanston, United States, United States | 1983 |
Thoughtworks
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Leading global technology consultancy integrating strategy, design, and software engineering to enable enterprises and technology disruptors | Chicago, United States, United States | 1993 |
Loyal
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Mobile application development, data management, and advertising services are provided. | Encinitas, United States, United States | 2020 |
Business Activity of Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited operates primarily in the information and communication sector. The company has 2 registered business activity segments, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
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| Locked | Information and communication | Locked | Other information & communication service activities | Locked |
| Locked | Information and communication | Locked | Other information & communication service activities | Locked |
Detailed business activity records for Sourcebits Technologies Private Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
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Auditor Details of Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited is audited by P Murali and Associates for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P Murali and Associates | Locked | Locked | Locked |
Complete auditor history for Sourcebits Technologies Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited is currently managed by 2 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
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Velayudhan Krishnan Nair
Also directs:
Vora Tech-Venture Private Limited, Ascendum Solutions India Private Limited, Ascendum Kps Private Limited and 1 more
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Director | 26 Apr 2017 | 9 Years 2 Months | Current |
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Viral Champaklal Vora
Also directs:
Vora Tech-Venture Private Limited, Ascendum Solutions India Private Limited, Ascendum Kps Private Limited and 5 more
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Director | 26 Apr 2017 | 9 Years 2 Months | Current |
Financials of Sourcebits Technologies Private Limited FY 2024 filings available
Sourcebits Technologies Private Limited reported revenue of ₹11.34 Cr (down 53.94% YoY) for FY 2022.
Ten-year financial statements for Sourcebits Technologies Private Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Sourcebits Technologies Private Limited
Shareholding and ownership data for Sourcebits Technologies Private Limited
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Charges & Borrowings Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited has a workforce of 15 employees as of Mar 30, 2024.
Employee and EPFO history for Sourcebits Technologies Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Sourcebits Technologies Private Limited
GST registrations and filing compliance for Sourcebits Technologies Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sourcebits Technologies Private Limited
Credit ratings, litigation, and regulatory alerts for Sourcebits Technologies Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Sourcebits Technologies Private Limited
MSME payment history for Sourcebits Technologies Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Sourcebits Technologies Private Limited
Corporate group structure for Sourcebits Technologies Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
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MCA Filings & Documents of Sourcebits Technologies Private Limited
MCA filings and documents for Sourcebits Technologies Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Sourcebits Technologies Private Limited
Recent News on Sourcebits Technologies Private Limited
Frequently Asked Questions about Sourcebits Technologies Private Limited
Sourcebits Technologies Private Limited is an active private limited company in the information technology sector based in Bangalore, Karnataka, India. It was incorporated on 27 April 2006 (20+ years old) and is registered under CIN U72200KA2006PTC039143. The company has 15 employees.
Sourcebits Technologies Private Limited reported revenue of ₹11.34 Cr for FY 2022 (down 53.94% YoY).
The current directors of Sourcebits Technologies Private Limited are:
- Velayudhan Krishnan Nair - Director
- Viral Champaklal Vora - Director
The primary industry of Sourcebits Technologies Private Limited is information technology. The company specifically operates in application development and software solutions. The company is currently active in this sector.
Sourcebits Technologies Private Limited can be reached at the registered office: #170 – 172 Phase 2 Epip Whitefield, Bangalore, Karnataka, India – 560066, or through the website ascendum.com.
The authorised capital is ₹1 Cr, and the paid-up capital is ₹54.35 Lakh.