Storit Tech Private Limited
About Storit Tech Private Limited
Data last updated:
Storit Tech Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 10 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC124230. Its GSTIN is 29ABCCS0425K1ZA (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Raju Avalhalli Nanjundaswamy and Naveen Kumar Kurudi Nanjegowda.
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 No 637/1 637/2 Begur Main Road Near Canara Bank, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.66 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹4.16 Lakh (net margin -23.5%) and EBITDA of -₹4.16 Lakh (EBITDA margin -23.5%). Revenue has grown at a compounded annual rate (CAGR) of 97% over three years.
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- Registered AddressNo 637/1 637/2 Begur Main Road Near Canara Bank, Bangalore, Karnataka, India – 560068
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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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Business Activity of Storit Tech Private Limited
The main business activity of Storit Tech is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Storit Tech Private Limited FY 2024 filings available
Storit Tech Private Limited reported revenue of ₹17.66 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Storit Tech Private Limited
Revenue fell 28% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 97%. EBITDA fell 15% 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 of Storit Tech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.16 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 of Storit Tech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -23.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Storit Tech are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Storit Tech Private Limited
Storit Tech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Avalhalli Nanjundaswamy | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Naveen Kumar Kurudi Nanjegowda | Director | 10 May 2019 | 7 Years 5 Months | Current |
Peer Comparison of Storit Tech Private Limited
Storit Tech Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenasia Media House Private Limited | ₹17.68 Lakh (FY 2019) | •••• | •••• | -42.0% | •••• | Rudrapur, Uttarakhand, India |
| Maneeth Reddy Technologies Private Limited | ₹17.68 Lakh (FY 2020) | •••• | •••• | 118.0% | •••• | Hyderabad, Telangana, India |
| Chauhan Computers Private Limited | ₹17.67 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Treetop Solutions Private Limited | ₹17.66 Lakh (FY 2017) | •••• | •••• | 6478.0% | •••• | Delhi, India |
| Sunshine Printech Private Limited | ₹17.66 Lakh (FY 2018) | •••• | •••• | 2.0% | •••• | Patna, Bihar, India |
| Storit Tech Private Limited this company | ₹17.66 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Bangalore, Karnataka, India |
| Karger India Private Limited | ₹17.65 Lakh (FY 2024) | •••• | •••• | 647.0% | •••• | Chennai, Tamil Nadu, India |
| Mansha Software India Private Limited | ₹17.65 Lakh (FY 2024) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
| Gluerilla Warfair Private Limited | ₹17.65 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Trinnit Private Limited | ₹17.65 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Uqone Ventures Private Limited | ₹17.64 Lakh (FY 2024) | •••• | •••• | 736.0% | •••• | Lucknow, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Storit Tech by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Storit Tech Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Storit Tech Private Limited
Storit Tech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Storit Tech Private Limited
Employment history and EPFO contributions of people linked to Storit Tech.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Storit Tech Private Limited
Storit Tech Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Naveen Kumar Kurudi Nanjegowda was appointed as Director on 10 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Storit Tech Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Storit Tech Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Storit Tech Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Storit Tech Private Limited
Storit Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABCCS0425K1ZA | Karnataka | Active | 11 Jun 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Storit Tech Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Storit Tech Private Limited
Storit Tech is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 10 May 2019 (7+ years old) and is registered under CIN U74999KA2019PTC124230.
Storit Tech reported revenue of ₹17.66 Lakh for FY 2024 (down 28% YoY).
Storit Tech has 2 current directors:
- Raju Avalhalli Nanjundaswamy - Director
- Naveen Kumar Kurudi Nanjegowda - Director
Storit Tech reported a net loss of ₹4.16 Lakh (net margin -23.5%) and EBITDA of -₹4.16 Lakh (EBITDA margin -23.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Storit Tech is 97% over three years. In the latest year (FY 2024) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Storit Tech is 29ABCCS0425K1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Storit Tech is U74999KA2019PTC124230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Storit Tech was incorporated on 10 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Storit Tech by revenue are Greenasia Media House Private Limited, Maneeth Reddy Technologies Private Limited, Chauhan Computers Private Limited, Treetop Solutions Private Limited, Sunshine Printech Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Naveen Kumar Kurudi Nanjegowda was appointed as Director on 10 May 2019. Raju Avalhalli Nanjundaswamy was appointed as Director on 10 May 2019.
The registered office of Storit Tech is at No 6371 6372 Begur Main Road Near Canara Bank, Bangalore, Karnataka, India – 560068.