MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0196928
Stiwas Innovations Private Limited
Stiwas Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.69 Cr
▲ 252% YoY
Net profit · FY 2023
₹10 Lakh
Net margin 2.7%
EBITDA · FY 2023
₹18.96 Lakh
EBITDA margin 5.1%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹36.2 Lakh
Issued & subscribed
Open charges
₹2.43 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
About Stiwas Innovations Private Limited
Data last updated:
Stiwas Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 16 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC138659. Its GSTIN is 29ABECS4619P1ZM (Karnataka).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹36.2 Lakh. It was formerly known as Stiwas Innovations (Opc) Private Limited. It is led by directors including Thippesha Akki (Managing Director) and Balachandra Akshay.
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 Flat No Ff5/105 B Block Elegant Embassy – 3 388/251/2 H.V. Halli R.R Nagar, Bangalore, Karnataka, India – 560098.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.69 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10 Lakh (net margin 2.7%) and EBITDA of ₹18.96 Lakh (EBITDA margin 5.1%).
As per MCA filings, the company has open charges of ₹2.43 Cr on record.
Stiwas Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0196928). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72900KA2020PTC138659
Registration Number 138659
Incorporation Date 16 September 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0196928
CIN history
Stiwas Innovations has one previous CIN (Corporate Identification Number): U72900KA2020OPC138659. The current CIN is U72900KA2020PTC138659, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2020PTC138659 | Current |
| U72900KA2020OPC138659 | Previous |
Key People
Thippesha Akki Managing Director Balachandra Akshay Director Chethan Pothkanahalli Krishnarao Director Recognitions & Rankings of Stiwas Innovations
Contact details
Stiwas Innovations Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No Ff5/105 B Block Elegant Embassy – 3 388/251/2 H.V. Halli R.R Nagar, Bangalore, Karnataka, India – 560098
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Stiwas Innovations Private Limited, buy the company report.
Comprehensive company report
Stiwas Innovations 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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Financials of Stiwas Innovations Private Limited
FY 2024 filings availableStiwas Innovations Private Limited reported revenue of ₹3.69 Cr (up 252% YoY) for FY 2023.
Revenue · FY 2023
₹3.69 Cr ▲ 252%
Net profit · FY 2023
₹10 Lakh margin 2.7%
EBITDA · FY 2023
₹18.96 Lakh margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 252%
Revenue rose 252% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.69 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹18.96 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.1% | ||
| Net Profit Margin | 2.7% | ||
| 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 | |||
To see the full financial statements and ratios of Stiwas Innovations Private Limited, buy the company report.
Board of directors of Stiwas Innovations Private Limited
Stiwas Innovations has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balachandra Akshay | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
| Chethan Pothkanahalli Krishnarao | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
| Thippesha Akki | Managing Director | 16 Sep 2020 | 6 Years 1 Months | Current |
Auditor
Stiwas Innovations Private Limited is audited by Chandrasekar and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandrasekar and Company | FY 2023 | 022561S |
Shareholding
The shareholding of Stiwas Innovations Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Stiwas Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.43 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2025 | 101226040 | Others | ₹1.5 Cr | Open | |
| 04 Jun 2024 | 100945008 | Hdfc Bank Limited | ₹93.1 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Stiwas Innovations 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 Stiwas Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Stiwas Innovations Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Stiwas Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABECS4619P1ZM | Karnataka | Active | 26 Sep 2020 |
To see the full GST registrations and return filing status of Stiwas Innovations Private Limited, buy the company report.
Recent activity
Stiwas Innovations Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Balachandra Akshay was appointed as Director on 28 Apr 2022.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 101226040 was registered on 28 Oct 2025.
AGM
Stiwas Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 93.10 Lakh with Charge ID 100945008 was registered on 04 Jun 2024.
Filing
Stiwas Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Balachandra Akshay was appointed as Director.
Appointed
Chethan Pothkanahalli Krishnarao was appointed as Director.
Appointed
Thippesha Akki was appointed as Managing Director.
Incorporation
16 Sep 2020
Stiwas Innovations Private Limited was registered on 16 Sep 2020 with Roc Bangalore & aged 6 years 1 month as per MCA records.
Frequently asked questions
Stiwas Innovations 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 16 September 2020 (6+ years old) and is registered under CIN U72900KA2020PTC138659.
Stiwas Innovations has 3 current directors:
- Thippesha Akki - Managing Director
- Balachandra Akshay - Director
- Chethan Pothkanahalli Krishnarao - Director
The latest financial statements of Stiwas Innovations 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 FY 2021 are in the company report.
The GSTIN of Stiwas Innovations is 29ABECS4619P1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Stiwas Innovations is U72900KA2020PTC138659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stiwas Innovations was incorporated on 16 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Balachandra Akshay was appointed as Director on 28 Apr 2022. Chethan Pothkanahalli Krishnarao was appointed as Director on 28 Apr 2022. Thippesha Akki was appointed as Managing Director on 16 Sep 2020.
Yes, Stiwas Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0196928).
The registered office of Stiwas Innovations is at Flat No Ff5105 B Block Elegant Embassy – 3 3882512 H.V. Halli R.R Nagar, Bangalore, Karnataka, India – 560098.
Stiwas Innovations operates in the information technology industry, in the electronic components and equipment manufacturing segment.
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