MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0093729
Sourceedge Software Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20 Lakh
▲ 714% YoY
Net loss · FY 2024
₹45.06 Lakh
Net margin -225.4%
EBITDA · FY 2024
₹2.62 Lakh
EBITDA margin 13.1%
Authorised capital
₹1.8 Cr
Registered with MCA
Paid-up capital
₹1.69 Cr
Issued & subscribed
Satisfied charges
₹4.85 Cr
No open charges
Company age
22 yrs
Est. 2004
Employees · EPFO
3
Provident fund records
About Sourceedge Software Technologies Private Limited
Data last updated:
Sourceedge Software Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Ziniosedge Software Technologies Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC034451. Its GSTIN is 29AAICS2926C1ZD (Karnataka).
The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹1.69 Cr. It is led by directors Maruvekere Narayana Shivakumar and Kavikondala Sri Venkateshwara Vara Prasad.
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 1st Floor Gopala Krishna Complex No 45/3 Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹20 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹45.06 Lakh (net margin -225.4%) and EBITDA of ₹2.62 Lakh (EBITDA margin 13.1%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 55% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SourceEdge. As per MCA filings, the company has satisfied charges of ₹4.85 Cr on record. The company has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.98 Cr; the latest was in March 2020. Its 5 peer companies in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 2 larger and 3 smaller; the largest is Asha Information Technologies Private Limited with revenue of ₹20.03 Lakh.
Sourceedge Software Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0093729). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sourceedge.com.
Company details
CIN U72200KA2004PTC034451
Registration Number 034451
Incorporation Date 06 August 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ziniosedge Software Technologies Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0093729
Key People
Maruvekere Narayana Shivakumar Director Kavikondala Sri Venkateshwara Vara Prasad Director Recognitions & Rankings of Sourceedge Software Technologies
Contact details
Sourceedge Software Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is sourceedge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Gopala Krishna Complex No 45/3 Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Sourceedge Software Technologies Private Limited, buy the company report.
Comprehensive company report
Sourceedge Software Technologies 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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Brands
Sourceedge Software Technologies operates one associated brand: SourceEdge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blockchain consulting and development services are offered by SourceEdge. | sourceedge.com |
Financials of Sourceedge Software Technologies Private Limited
FY 2024 filings availableSourceedge Software Technologies Private Limited reported revenue of ₹20 Lakh (up 714% YoY) for FY 2024.
Revenue · FY 2024
₹20 Lakh ▲ 714%
Net loss · FY 2024
₹45.06 Lakh margin -225.4%
EBITDA · FY 2024
₹2.62 Lakh margin 13.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 714%
3 years · compounded
▼ 44%
5 years · compounded
▼ 55%
EBITDA CAGR growth
1 year
▲ 295%
3 years · compounded
▲ 26%
5 years · compounded
▼ 51%
Revenue rose 714% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 55%. EBITDA rose 295% 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 | ₹2.62 Lakh | ||||
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| Net Profit (PAT) | -₹45.06 Lakh | ||||
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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 | 13.1% | ||||
| Net Profit Margin | -225.4% | ||||
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To see the full financial statements and ratios of Sourceedge Software Technologies Private Limited, buy the company report.
Board of directors of Sourceedge Software Technologies Private Limited
Sourceedge Software Technologies has 2 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 |
|---|---|---|---|---|
| Maruvekere Narayana Shivakumar | Director | 06 Aug 2004 | 22 Years 2 Months | Current |
| Kavikondala Sri Venkateshwara Vara Prasad | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Sourceedge Software Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asha Information Technologies Private Limited | ₹20.03 Lakh (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Coforge Services Limited | ₹20 Lakh (FY 2024) | 18.0% | Hyderabad, Telangana, India | |||
| Sourceedge Software Technologies Private Limitedthis company | ₹20 Lakh (FY 2024) | -₹45.06 Lakh | -225.4% | 714.0% | 3 | Bangalore, Karnataka, India |
| Soc Software Private Limited | ₹19.98 Lakh (FY 2023) | 4.0% | Hyderabad, Telangana, India | |||
| Reality-Bit Private Limited | ₹19.98 Lakh (FY 2024) | 5.0% | Pune, Maharashtra, India | |||
| Acsys IT Solutions Private Limited | ₹19.98 Lakh (FY 2024) | 0.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Sourceedge Software Technologies Private Limited, buy the company report.
Auditor
Sourceedge Software Technologies Private Limited is audited by AVINASHAGARWAL for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AVINASHAGARWAL | FY 2023 | 218180 |
Shareholding
The shareholding of Sourceedge Software Technologies 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 Sourceedge Software Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2014 | 10488112 | Small Industries Development Bank of India | ₹60 Lakh | Satisfied | |
| 29 Apr 2014 | 10488108 | Small Industries Development Bank of India | ₹65 Lakh | Satisfied | |
| 26 Dec 2011 | 10330691 | Syndicate Bank | ₹1.8 Cr | Satisfied | |
| 23 Jul 2010 | 10234561 | Axis Bank Ltd | ₹1.4 Cr | Satisfied | |
| 17 Nov 2009 | 10189203 | Corporation Bank | ₹40 Lakh | Satisfied |
To see the full charge records of Sourceedge Software Technologies Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sourceedge Software Technologies Private Limited has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.98 Cr; the latest was in March 2020.
Total deals
15
Secondary share transfers
10
Funding rounds
3
Rights issues
2
Disclosed funding
₹1.98 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Ziniosedge Software Technologies Private Limited Seller: 4 individuals |
| Jun 2019 | Funding round | ₹1.5 Cr | Investors: 3 individuals |
| Mar 2019 | Rights issue | ₹77 Lakh | Investors: Revgurus Info India Private Limited , 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Sourceedge Software Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Sourceedge Software Technologies 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 Sourceedge Software Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sourceedge Software Technologies Private Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-70%
GST
Sourceedge Software Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS2926C1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sourceedge Software Technologies Private Limited, buy the company report.
Recent activity
Sourceedge Software Technologies Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Kavikondala Sri Venkateshwara Vara Prasad ceased to be Additional Director on 30 Nov 2021.
AGM
Sourceedge Software Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sourceedge Software Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 26 Dec 2011 via Charge ID 10330691 with Syndicate Bank was fully satisfied on 05 Jan 2022.
Ceased
Kavikondala Sri Venkateshwara Vara Prasad ceased to be Additional Director.
Appointed
Kavikondala Sri Venkateshwara Vara Prasad was appointed as Director.
Ceased
Rajesh Madhukar Revankar ceased to be Director.
Charges
A charge registered on 29 Apr 2014 via Charge ID 10488108 with Small Industries Development Bank Of India was fully satisfied on 17 Jul 2017.
Charges
A charge with Syndicate Bank of Rs. 1.80 Cr registered on 26 Dec 2011 with Charge ID 10330691 was modified on 05 Jun 2017.
Charges
A charge registered on 29 Apr 2014 via Charge ID 10488112 with Small Industries Development Bank Of India was fully satisfied on 30 Mar 2017.
Ceased
Umeshchandra Dhanji Shah ceased to be Director.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 0.60 Cr with Charge ID 10488112 was registered on 29 Apr 2014.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 0.65 Cr with Charge ID 10488108 was registered on 29 Apr 2014.
9 earlier events are in the company report.
Frequently asked questions
Sourceedge Software Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 August 2004 (22+ years old) and is registered under CIN U72200KA2004PTC034451.
Sourceedge Software Technologies has 2 current directors:
- Maruvekere Narayana Shivakumar - Director
- Kavikondala Sri Venkateshwara Vara Prasad - Director
The latest financial statements of Sourceedge Software Technologies 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 2015 are in the company report.
The GSTIN of Sourceedge Software Technologies is 29AAICS2926C1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Sourceedge Software Technologies is U72200KA2004PTC034451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sourceedge Software Technologies was incorporated on 06 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Sourceedge Software Technologies has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹1.98 Cr; the latest was in March 2020.
The peers of Sourceedge Software Technologies by revenue are Asha Information Technologies Private Limited, Coforge Services Limited, Soc Software Private Limited, Reality-Bit Private Limited, Acsys IT Solutions Private Limited, all in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Kavikondala Sri Venkateshwara Vara Prasad ceased to be Additional Director on 30 Nov 2021. Kavikondala Sri Venkateshwara Vara Prasad was appointed as Director on 18 Nov 2021. Rajesh Madhukar Revankar ceased to be Director on 18 Nov 2021. Sourceedge Software Technologies has 7 board changes on record in total.
Yes, Sourceedge Software Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0093729).
Sourceedge Software Technologies can be reached through the website sourceedge.com. Its registered office is in Bangalore, Karnataka, India.