About Starcom Information Technology Limited
Data last updated: 17 February 2026
Starcom Information Technology Limited is a public limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It specialises in database management and solutions, a part of the broader technology and IT services sector. Incorporated on 17 February 1995, the company has been in operation for over 31 years.
Registered with ROC Bangalore under CIN L67120KA1995PLC078846. Listed on BSE: 531616.
Capital: an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5 Cr. Formerly known as Jatia Fnance Ltd and Jatia Finance Limited. It is led by directors including Maddur Gundurao Mohan Kumar and Hina Sayeeda.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2023. Office: 73/1 Sheriff Centre 5Th Floor St. Marks Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.02 Cr, a decline of 44% compared to the previous year.
The company has a workforce of approximately 18 employees as per the latest available data.
The company is associated with 1 brand - Starcom.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starcominfotech.com.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered Address73/1 Sheriff Centre 5Th Floor St. Marks Road, Bangalore, Karnataka, India – 560001
-
IndustryInformation Technology, Database Management & Solutions, IT Consulting & Support Services
- 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
Name History of Starcom Information Technology Limited
Starcom Information Technology Limited has undergone 2 name changes throughout its history. The company was previously known as Jatia Fnance Ltd, and Jatia Finance Limited. The current legal name is Starcom Information Technology Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Starcom Information Technology Limited | Current |
| Jatia Fnance Ltd | Previous |
| Jatia Finance Limited | Previous |
CIN History of Starcom Information Technology Limited
Starcom Information Technology Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67120KA1995PLC078846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120KA1995PLC078846 | Current |
| U67120MH1995PLC085704 | Previous |
| L67120MH1995PLC085704 | Previous |
Associated Brands with Starcom Information Technology Limited
Starcom Information Technology Limited operates one associated brand: StarCom. These brands represent Starcom Information Technology Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Business Intelligence and BigData analytics services | starcominfotech.com |
Competitors & Alternatives of Starcom Information Technology Limited
Brands and companies operating in the same space as Starcom Information Technology Limited include EXL, Tredence, MathCo and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
EXL
|
Analytics and digital solutions for healthcare and banking are provided. | New York, United States, United States | 1999 |
Tredence
|
AI consulting, supply chain, and customer analytics services are provided. | San Jose, United States, United States | 2013 |
MathCo
|
AI and analytics services are delivered globally to enterprises. | Bengaluru, India, India | 2016 |
eClerx
|
Provider of business processes, change management, analytics, and data-driven insights services | Mumbai, India, India | 2000 |
Dun & Bradstreet
|
Financial analysis and risk assessment solutions are provided to businesses. | Jacksonville, United States, United States | 1841 |
ADA
|
Data-driven marketing, analytics, and digital commerce solutions are provided. | Singapore, Singapore, Singapore | 2018 |
phData
|
Provider of end to end services for Data Engineering and Machine Learning | Minneapolis, United States, United States | 2014 |
Artefact
|
Digital marketing services provider | Paris, France, France | 1998 |
Evalueserve
|
Business intelligence and analytics services are provided using AI algorithms. | Zug, Switzerland, Switzerland | 2000 |
Business Activity of Starcom Information Technology Limited
Starcom Information Technology Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities, data processing, hosting and related activities; web portal. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | ********* |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | ********* |
Auditor Details of Starcom Information Technology Limited
Starcom Information Technology Limited is audited by M/s. C A S & Co, (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. C A S & Co, (ICAI peer reviewed, certificate valid till 2027-07-31) | FY 2026 | Statement on impact of audit qualification |
Board of Directors of Starcom Information Technology Limited
Starcom Information Technology Limited is currently managed by 7 directors, with 23 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Starcom Information Technology Limited FY 2026 filings available
Starcom Information Technology Limited reported revenue of ₹1.8 Cr (down 39.52% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1.8 Cr | ₹2.97 Cr | ₹1.8 Cr | ₹2.02 Cr | ₹3.53 Cr | ₹5.64 Cr | ₹9.32 Cr | ₹14.04 Cr |
| Other Income | ₹31.74 Lakh | ₹33.14 Lakh | ₹2.01 Lakh | ₹33,000 | ₹9.43 Lakh | ₹86.66 Lakh | ₹97.62 Lakh | ₹1.03 Cr |
| Total Income | ₹2.12 Cr | ₹3.3 Cr | ₹1.82 Cr | ₹2.02 Cr | ₹3.63 Cr | ₹6.51 Cr | ₹10.3 Cr | ₹15.07 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹1.02 Cr | ₹1.55 Cr | ₹95.5 Lakh | ₹77.51 Lakh | ₹65.48 Lakh | ₹1.28 Cr | ₹1.6 Cr | ₹3.15 Cr |
| Changes in Inventories | ₹5.79 Lakh | -₹8.31 Lakh | -₹7.82 Lakh | ₹1.61 Lakh | -₹14,000 | -₹48,000 | ₹2.05 Lakh | ₹6.4 Lakh |
| Employee Benefit Expense | ₹2.42 Cr | ₹2.36 Cr | ₹2.27 Cr | ₹2.86 Cr | ₹3.73 Cr | ₹2.88 Cr | ₹3.74 Cr | ₹3.61 Cr |
| Finance Costs | ₹70.45 Lakh | ₹40.61 Lakh | ₹54.06 Lakh | ₹49.02 Lakh | ₹51.43 Lakh | ₹1.3 Cr | ₹1.05 Cr | ₹94.71 Lakh |
| Depreciation & Amortisation | ₹44.73 Lakh | ₹44.25 Lakh | ₹43.2 Lakh | ₹43.58 Lakh | ₹44.2 Lakh | ₹45.29 Lakh | ₹47.62 Lakh | ₹51.23 Lakh |
| Other Expenses | ₹3.67 Cr | ₹3.62 Cr | ₹4.07 Cr | ₹2.98 Cr | ₹4.07 Cr | ₹3.01 Cr | ₹4.45 Cr | ₹6.64 Cr |
| Total Expenses | ₹8.31 Cr | ₹8.3 Cr | ₹8.19 Cr | ₹7.56 Cr | ₹9.4 Cr | ₹8.91 Cr | ₹11.34 Cr | ₹14.93 Cr |
| Profit Before Exceptional Items & Tax | -₹6.2 Cr | -₹5 Cr | -₹6.37 Cr | -₹5.54 Cr | -₹5.78 Cr | -₹2.41 Cr | -₹1.04 Cr | ₹14.78 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹6.2 Cr | -₹5 Cr | -₹6.37 Cr | -₹5.54 Cr | -₹5.78 Cr | -₹2.41 Cr | -₹1.04 Cr | ₹14.78 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹1.32 Cr | -₹29.68 Lakh | -₹45.49 Lakh | ₹11.62 Lakh | -₹40,000 | ₹88,000 |
| Net Profit | -₹6.2 Cr | -₹5 Cr | -₹7.69 Cr | -₹5.24 Cr | -₹5.32 Cr | -₹2.52 Cr | -₹1.04 Cr | ₹13.9 Lakh |
| Other Comprehensive Income | -₹6.33 Lakh | -₹1.66 Lakh | -₹2.66 Lakh | ₹6.88 Lakh | ₹10.24 Lakh | ₹31.41 Lakh | ₹6.35 Lakh | ₹3.03 Lakh |
| Total Comprehensive Income | -₹6.26 Cr | -₹5.01 Cr | -₹7.71 Cr | -₹5.17 Cr | -₹5.22 Cr | -₹2.21 Cr | -₹97.45 Lakh | ₹16.93 Lakh |
| EBITDA (computed) | -₹5.04 Cr | -₹4.15 Cr | -₹5.4 Cr | -₹4.61 Cr | -₹4.82 Cr | -₹65.53 Lakh | ₹48.54 Lakh | ₹1.61 Cr |
| Basic EPS | ₹-12.39 | ₹-9.99 | ₹-15.37 | ₹-10.48 | ₹0.00 | ₹0.00 | ₹-2.08 | ₹0.28 |
| Diluted EPS | ₹-12.39 | ₹-9.99 | ₹-15.37 | ₹-10.48 | ₹0.00 | ₹0.00 | ₹-2.08 | ₹0.28 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹27.56 Cr | ₹29.25 Cr | ₹28.96 Cr | ₹33.33 Cr | ₹35.44 Cr | ₹37.19 Cr | ₹36.89 Cr | ₹36.11 Cr |
| Non-current Assets | ₹25.07 Cr | ₹25.2 Cr | ₹25.84 Cr | ₹27.58 Cr | ₹28.24 Cr | ₹28.29 Cr | ₹26.81 Cr | ₹23.73 Cr |
| Current Assets | ₹2.49 Cr | ₹4.05 Cr | ₹3.12 Cr | ₹5.75 Cr | ₹7.2 Cr | ₹8.9 Cr | ₹10.08 Cr | ₹12.37 Cr |
| Property, Plant & Equipment | ₹4.42 Lakh | ₹5.8 Lakh | ₹8.93 Lakh | ₹9.88 Lakh | ₹10.61 Lakh | ₹12.67 Lakh | ₹15.8 Lakh | ₹20.82 Lakh |
| Inventories | ₹14.46 Lakh | ₹20.25 Lakh | ₹11.94 Lakh | ₹4.12 Lakh | ₹5.73 Lakh | ₹5.59 Lakh | ₹5.12 Lakh | ₹7.16 Lakh |
| Trade Receivables | ₹1.95 Cr | ₹3 Cr | ₹2.6 Cr | ₹5.4 Cr | ₹6.85 Cr | ₹8.62 Cr | ₹9.53 Cr | ₹11.57 Cr |
| Cash & Equivalents | ₹6.95 Lakh | ₹13.26 Lakh | ₹12.28 Lakh | ₹2.78 Lakh | ₹7.12 Lakh | ₹6.12 Lakh | ₹1.23 Lakh | ₹29.54 Lakh |
| Equity (Net Worth) | -₹30.04 Cr | -₹23.78 Cr | -₹18.8 Cr | -₹11.09 Cr | -₹5.92 Cr | -₹69.77 Lakh | ₹1.51 Cr | ₹2.49 Cr |
| Equity Share Capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Borrowings (Non-current) | ₹5.84 Cr | ₹3.72 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹13.54 Cr | ₹13.1 Cr |
| Borrowings (Current) | ₹12.44 Cr | ₹12 Cr | ₹21.31 Cr | ₹20.23 Cr | ₹18.5 Cr | ₹2.45 Cr | ₹26 Lakh | ₹0 |
| Total Debt (computed) | ₹18.28 Cr | ₹15.72 Cr | ₹21.31 Cr | ₹20.23 Cr | ₹18.5 Cr | ₹2.45 Cr | ₹13.8 Cr | ₹13.1 Cr |
| Current Liabilities | ₹51.09 Cr | ₹48.74 Cr | ₹47.22 Cr | ₹43.9 Cr | ₹40.83 Cr | ₹22.73 Cr | ₹20.89 Cr | ₹18.81 Cr |
| Total Liabilities | ₹57.6 Cr | ₹53.04 Cr | ₹47.76 Cr | ₹44.42 Cr | ₹41.36 Cr | ₹37.88 Cr | ₹35.38 Cr | ₹33.62 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹1.89 Cr | ₹6.02 Cr | -₹44.82 Lakh | -₹1.17 Cr | -₹81,843 Cr |
| Investing Cash Flow | -₹2.6 Lakh | -₹75,000 | ₹42,000 | -₹1.11 Lakh | ₹482.67 Cr |
| Financing Cash Flow | ₹1.86 Cr | -₹6 Cr | ₹53.9 Lakh | ₹1.14 Cr | ₹82,359 Cr |
| Capital Expenditure | ₹1.33 Lakh | -₹91,000 | ₹0 | ₹72,000 | ₹0 |
| Free Cash Flow (computed) | -₹1.91 Cr | ₹6.01 Cr | -₹44.82 Lakh | -₹1.18 Cr | -₹81,843 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹6.31 Lakh | ₹96,000 | ₹9.5 Lakh | -₹4.35 Lakh | ₹998.72 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹70.06 Lakh | ₹33.3 Lakh | ₹47.92 Lakh | ₹28.57 Lakh | ₹82.51 Lakh | ₹89 Lakh | ₹77.04 Lakh | ₹48.81 Lakh |
| Other Income | ₹8.8 Lakh | ₹12.62 Lakh | ₹8.15 Lakh | ₹2.17 Lakh | ₹12.33 Lakh | ₹15.2 Lakh | ₹5.56 Lakh | ₹5,000 |
| Total Income | ₹78.86 Lakh | ₹45.92 Lakh | ₹56.07 Lakh | ₹30.74 Lakh | ₹94.84 Lakh | ₹1.04 Cr | ₹82.6 Lakh | ₹48.86 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹25.72 Lakh | ₹25.99 Lakh | ₹21.43 Lakh | ₹28.56 Lakh | ₹61.31 Lakh | ₹24.67 Lakh | ₹41.44 Lakh | ₹27.63 Lakh |
| Changes in Inventories | ₹10.35 Lakh | -₹3.97 Lakh | ₹7.38 Lakh | -₹7.97 Lakh | -₹1.05 Lakh | ₹81,000 | -₹87,000 | -₹7.2 Lakh |
| Employee Benefit Expense | ₹56.88 Lakh | ₹70.45 Lakh | ₹57.02 Lakh | ₹57.44 Lakh | ₹62.34 Lakh | ₹56.27 Lakh | ₹58.99 Lakh | ₹58.76 Lakh |
| Finance Costs | ₹12.74 Lakh | ₹12.11 Lakh | ₹12.29 Lakh | ₹33.28 Lakh | ₹13.23 Lakh | ₹12.71 Lakh | ₹9,000 | ₹14.59 Lakh |
| Depreciation & Amortisation | ₹11.09 Lakh | ₹11.2 Lakh | ₹11.23 Lakh | ₹11.2 Lakh | ₹11.54 Lakh | ₹11.33 Lakh | ₹10.73 Lakh | ₹10.65 Lakh |
| Other Expenses | ₹1.08 Cr | ₹1.24 Cr | ₹66.96 Lakh | ₹67.92 Lakh | ₹1.27 Cr | ₹65.71 Lakh | ₹75.61 Lakh | ₹93.69 Lakh |
| Total Expenses | ₹2.24 Cr | ₹2.4 Cr | ₹1.76 Cr | ₹1.9 Cr | ₹2.75 Cr | ₹1.72 Cr | ₹1.86 Cr | ₹1.98 Cr |
| Profit Before Exceptional Items & Tax | -₹1.45 Cr | -₹1.94 Cr | -₹1.2 Cr | -₹1.6 Cr | -₹1.8 Cr | -₹67.3 Lakh | -₹1.03 Cr | -₹1.49 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.45 Cr | -₹1.94 Cr | -₹1.2 Cr | -₹1.6 Cr | -₹1.8 Cr | -₹67.3 Lakh | -₹1.03 Cr | -₹1.49 Cr |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹1.45 Cr | -₹1.94 Cr | -₹1.2 Cr | -₹1.6 Cr | -₹1.8 Cr | -₹67.3 Lakh | -₹1.03 Cr | -₹1.49 Cr |
| Other Comprehensive Income | -₹12.76 Lakh | ₹6.85 Lakh | ₹0 | -₹41,000 | -₹1.66 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.58 Cr | -₹1.87 Cr | -₹1.2 Cr | -₹1.6 Cr | -₹1.81 Cr | -₹67.3 Lakh | -₹1.03 Cr | -₹1.49 Cr |
| EBITDA (computed) | -₹1.22 Cr | -₹1.71 Cr | -₹96.72 Lakh | -₹1.15 Cr | -₹1.55 Cr | -₹43.26 Lakh | -₹92.57 Lakh | -₹1.24 Cr |
| Basic EPS | ₹-2.91 | ₹-3.88 | ₹-2.40 | ₹-3.19 | ₹-3.59 | ₹-1.35 | ₹-2.07 | ₹-2.98 |
| Diluted EPS | ₹-2.91 | ₹-3.88 | ₹-2.40 | ₹-3.19 | ₹-3.59 | ₹-1.35 | ₹-2.07 | ₹-2.98 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Test,Measurement & Embedded Solutions for Educational sector | ₹70.06 Lakh | -₹6.27 Lakh | ₹92.2 Lakh | ₹4.72 Lakh |
| Data Quality, Statistical & Analytics Software's | ₹0 | -₹2,000 | ₹25.98 Cr | ₹37.61 Lakh |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Test,Measurement & Embedded Solutions for Educational sector | ₹1.76 Cr | -₹31.77 Lakh | - | - |
| Data Quality, Statistical & Analytics Software's | ₹3.83 Lakh | ₹2.27 Lakh | - | - |
Shareholding Pattern of Starcom Information Technology Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 45.17%, foreign institutional investors hold 10.92%, retail and other public shareholders hold 43.90% of Starcom Information Technology Limited. The company had 782 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 45.17% | 45.17% | 45.17% | 65.79% | 65.79% | 75.00% |
| Public | 54.83% | 54.83% | 54.83% | 34.21% | 34.21% | 25.00% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 45.17% | 65.79% | 75.00% |
| Public | 54.83% | 34.21% | 25.00% |
| Promoter change (YoY, %pts) | -20.62 | -9.21 | - |
Charges & Borrowings Starcom Information Technology Limited
Starcom Information Technology Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Starcom Information Technology Limited
Starcom Information Technology Limited has a workforce of 18 employees as of Apr 06, 2024.
Employee Count & EPFO Data of Starcom Information Technology Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Starcom Information Technology Limited
GSTIN & GST Filing Data of Starcom Information Technology Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Starcom Information Technology Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Starcom Information Technology Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Starcom Information Technology Limited
MSME Payment Delays by Starcom Information Technology Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Starcom Information Technology Limited
Subsidiaries & Group Companies of Starcom Information Technology Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Starcom Information Technology Limited with ownership details.
MCA Filings & Documents of Starcom Information Technology Limited
MCA Filings & Documents of Starcom Information Technology Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Starcom Information Technology Limited
Recent News on Starcom Information Technology Limited
Frequently Asked Questions about Starcom Information Technology Limited
Starcom Information Technology Limited is an active public limited company in the information technology sector based in Bangalore, Karnataka, India. It was incorporated on 17 February 1995 (31+ years old) and is registered under CIN L67120KA1995PLC078846. Listed on BSE: 531616. The company has 18 employees.
Starcom Information Technology Limited reported revenue of ₹2.02 Cr for FY 2023 (down 44.00% YoY).
The current directors of Starcom Information Technology Limited are:
- Joydeep Sarkar
- Maddur Gundurao Mohan Kumar
- Hina Sayeeda
- Ziaulla Sheriff
- Akthar Begum
- Supriya Kumar Guha
- Mukhtar Ahmad
The primary industry of Starcom Information Technology Limited is information technology. The company specifically operates in database management and solutions. The company is currently active in this sector.
Yes. Starcom Information Technology Limited is listed on BSE with code 531616.
Yes, Starcom Information Technology Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).