About Sweken IT Solutions Private Limited
Data last updated:
Sweken IT Solutions Private Limited is a private limited company based in Maddilapalem, Andhra Pradesh, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72200AP2014PTC095116. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.59 Cr. It is led by directors Vamsi Chakradhar Gummadi (Managing Director) and Anitha Jeereddi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Maddilapalem, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.24 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹45.92 Lakh (net margin 14.2%) and EBITDA of ₹60.47 Lakh (EBITDA margin 18.7%). Revenue has grown at a compounded annual rate (CAGR) of 166% over three years and 200% over five years.
The company has about 61 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sweken IT Solutions. As per MCA filings, the company has open charges of ₹2.39 Cr and satisfied charges of ₹51 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sweken.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressDr.No :55 – 7 – 32/7Tf – 4Al Aishwarya Grand Krishna College Road Hb Colony Last Bu, S Stop, Maddilapalem, Andhra Pradesh, India – 530022
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Sweken IT Solutions Private Limited
The main business activity of Sweken IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| 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 | 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 Sweken IT Solutions Private Limited FY 2023 filings available
Sweken IT Solutions Private Limited reported revenue of ₹3.24 Cr (up 171% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Sweken IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 200% over five years, including 171% growth in the latest year. EBITDA rose 169% 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 Sweken IT Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.24 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹60.47 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹45.92 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 Sweken IT Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.2% | •••• | •••• | •••• | •••• |
| 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 Sweken IT Solutions are in the company report.
Financial statements from 2015
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.
Peer Comparison of Sweken IT Solutions Private Limited
Sweken IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greater Goods India Private Limited | •••• | •••• | •••• | •••• | - | Chennai City Corporation, Tamil Nadu, India |
| Cdi Bluepay Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Agnostic Solutions Private Limited | •••• | •••• | •••• | •••• | - | Saidapet, Tamil Nadu, India |
| Icharts Technologies Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Cloudfiles India Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Sweken IT Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Maddilapalem, Andhra Pradesh, India |
| Manacle Technologies Private Limited | •••• | •••• | •••• | •••• | 28 | New Delhi, Delhi, India |
| Promarc Software Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Dataguardnxt India Private Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Hebbale Labs Private Limited | •••• | •••• | •••• | •••• | 24 | Bangalore, Karnataka, India |
| Diwl Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Sweken IT Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Sweken IT Solutions Private Limited
Sweken IT Solutions Private Limited is audited by JAWAHAR AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAWAHAR AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sweken IT Solutions Private Limited
Sweken IT Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anitha Jeereddi | Director | 22 Mar 2023 | 3 Years 6 Months | Current |
| Vamsi Chakradhar Gummadi Also directs: VMC Communications Private Limited | Managing Director | 19 Jul 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Sweken IT Solutions 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 Sweken IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Oct 2023 | Bank of India | ₹2.39 Cr | Open |
| 01 Oct 2022 | State Bank of India | ₹51 Lakh | Satisfied |
Total charge records: 2 View all charges
Associated Brands with Sweken IT Solutions Private Limited
Sweken IT Solutions operates one associated brand: Sweken IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business management solutions are provided through a versatile platform. | sweken.com |
Employees and EPFO Compliance at Sweken IT Solutions Private Limited
Sweken IT Solutions Private Limited has a workforce of 61 employees as of Mar 29, 2024.
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 Sweken IT Solutions Private Limited
Sweken IT Solutions Private Limited has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Sai Sirisha Majji ceased to be Director on 03 Jun 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sweken IT Solutions 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 Sweken IT Solutions 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 Sweken IT Solutions 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 Sweken IT Solutions Private Limited
Sweken IT Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Sweken IT Solutions 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 Sweken IT Solutions Private Limited
Sweken IT Solutions is an active private limited company based in Maddilapalem, Andhra Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 August 2014 (12+ years old) and is registered under CIN U72200AP2014PTC095116.
Sweken IT Solutions reported revenue of ₹3.24 Cr for FY 2023 (up 171% YoY).
Sweken IT Solutions has 2 current directors:
- Vamsi Chakradhar Gummadi - Managing Director
- Anitha Jeereddi - Director
Sweken IT Solutions reported a net profit of ₹45.92 Lakh (net margin 14.2%) and EBITDA of ₹60.47 Lakh (EBITDA margin 18.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sweken IT Solutions is 166% over three years and 200% over five years. In the latest year (FY 2023) revenue rose 171%. CAGR is the steady yearly rate that links the first and the last year.
No. Sweken IT Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Sweken IT Solutions is U72200AP2014PTC095116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sweken IT Solutions was incorporated on 22 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Sweken IT Solutions by revenue are Greater Goods India Private Limited, Cdi Bluepay Private Limited, Agnostic Solutions Private Limited, Icharts Technologies Private Limited, Cloudfiles India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Sai Sirisha Majji ceased to be Director on 03 Jun 2023. Vara Gummadi Laxmi ceased to be Director on 28 Mar 2023. Anitha Jeereddi was appointed as Director on 22 Mar 2023. Sweken IT Solutions has 6 board changes on record in total.
Yes, Sweken IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).