About Synconext Technologies Private Limited
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Synconext Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2010PTC054138. Its GSTIN is 29AAOCS7298H1ZE (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Synco Lite (India) Private Limited. It is led by directors Vishal and Shwetha Jain.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.7 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹41.1 Lakh (net margin -68.8%) and EBITDA of -₹38.15 Lakh (EBITDA margin -63.9%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 18% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Synconext and IQnext.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website synconext.com.
Company details
CIN history
Synconext Technologies has one previous CIN (Corporate Identification Number): U31401KA2010PTC054138. The current CIN is U74110KA2010PTC054138, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2010PTC054138 | Current |
| U31401KA2010PTC054138 | Previous |
Contact details
Synconext Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is synconext.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWj88 69V Bmtc Complex Old Madiwala, Kuvempu Nagar Stage 2 Btm Layout, Bangalore, Karnataka, India – 560068
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Synconext Technologies Private Limited, buy the company report.
- 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
Brands
Synconext Technologies operates two associated brands: Synconext and IQnext. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT-enabled energy efficiency solutions are provided for workplaces and buildings. | synconext.com | |
| Building energy management software is provided by IQnext. | iqnext.io |
Business activity
The main business activity of Synconext Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Synconext Technologies Private Limited, buy the company report.
Financials of Synconext Technologies Private Limited
FY 2024 filings availableSynconext Technologies Private Limited reported revenue of ₹59.7 Lakh (down 48% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 48% fall in the latest year. EBITDA fell 103% 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 | -₹38.15 Lakh | ||||
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| Net Profit (PAT) | -₹41.1 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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| EBITDA Margin | -63.9% | ||||
| Net Profit Margin | -68.8% | ||||
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To see the full financial statements and ratios of Synconext Technologies Private Limited, buy the company report.
Board of directors of Synconext Technologies Private Limited
Synconext Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal | Director | 21 Jun 2010 | 16 Years 4 Months | Current |
| Shwetha Jain | Additional Director | 25 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Synconext Technologies Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Fornia Solutions Private Limited | ₹59.75 Lakh (FY 2025) | -45.0% | Faizabad, Uttar Pradesh, India | |||
| Schaaf Asia Private Limited | ₹59.7 Lakh (FY 2022) | 1.0% | New Delhi, Delhi, India | |||
| Synconext Technologies Private Limitedthis company | ₹59.7 Lakh (FY 2024) | -₹41.1 Lakh | -68.8% | -48.0% | 23 | Bangalore, Karnataka, India |
| Prelko Private Limited | ₹59.7 Lakh (FY 2023) | 112.0% | Pune, Maharashtra, India | |||
| Truval Powertech Private Limited | ₹59.68 Lakh (FY 2025) | 154.0% | New Delhi, Delhi, India | |||
| Suswa Software Services Private Limited | ₹59.65 Lakh (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Begunia Projects Private Limited | ₹59.64 Lakh (FY 2025) | 56.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Synconext Technologies Private Limited, buy the company report.
Auditor
Synconext Technologies Private Limited is audited by P L & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P L & CO | FY 2023 | 013017S |
Shareholding
The shareholding of Synconext 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Synconext Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Synconext 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 Synconext Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Synconext Technologies Private Limited has a workforce of 23 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Synconext Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS7298H1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Synconext Technologies Private Limited, buy the company report.
Recent activity
Synconext Technologies Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Shwetha Jain was appointed as Additional Director on 25 Jan 2025.
Frequently asked questions
Synconext Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 21 June 2010 (16+ years old) and is registered under CIN U74110KA2010PTC054138.
Synconext Technologies has 2 current directors:
- Vishal - Director
- Shwetha Jain - Additional Director
The latest financial statements of Synconext 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 Synconext Technologies is 29AAOCS7298H1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Synconext Technologies is U74110KA2010PTC054138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synconext Technologies was incorporated on 21 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Synconext Technologies by revenue are New Fornia Solutions Private Limited, Schaaf Asia Private Limited, Prelko Private Limited, Truval Powertech Private Limited, Suswa Software Services Private Limited and 1 more, all in the same principal business activity (other professional, scientific and technical activities).
Shwetha Jain was appointed as Additional Director on 25 Jan 2025. Tara Jain ceased to be Director on 14 Oct 2021. Ashok Kumar ceased to be Additional Director on 30 Dec 2020. Synconext Technologies has 5 board changes on record in total.
Synconext Technologies can be reached through the website synconext.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Synconext Technologies is at Wj88 69V Bmtc Complex Old Madiwala, Kuvempu Nagar Stage 2 Btm Layout, Bangalore, Karnataka, India – 560068.
Synconext Technologies operates in the information technology industry, in the IT consulting and support services segment.