Technovate IT Services Private Limited
About Technovate IT Services Private Limited
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Technovate IT Services Private Limited is a private limited company based in Hyderabad, Telangana, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 11 May 2015.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2015PTC098857. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors George Sundeep David Nayakanti and Pradeep Akula.
Its last annual general meeting (AGM) was held on 28 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Flat No.8310 Janapriya Metropolis Block No.8 Wing No.1 Motinagar Erragadda, Hyderabad, Telangana, India – 500018.
As per the financials filed for FY 2018, the company reported a revenue of ₹18.71 Lakh, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹3,646 (net margin 0.2%) and EBITDA of ₹32,049 (EBITDA margin 1.7%).
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- Registered AddressFlat No.8310 Janapriya Metropolis Block No.8 Wing No.1 Motinagar Erragadda, Hyderabad, Telangana, India – 500018
- IndustryInformation Technology, Consultancy, Computer Programming
- 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 Technovate IT Services Private Limited
The main business activity of Technovate IT Services 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 Technovate IT Services Private Limited FY 2018 filings available
Technovate IT Services Private Limited reported revenue of ₹18.71 Lakh (up 39% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Technovate IT Services Private Limited
Revenue rose 39% in the latest year. EBITDA fell 67% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Technovate IT Services Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| 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 | ₹32,049 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3,646 | •••• | •••• |
| 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 Technovate IT Services Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.7% | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• |
| 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 Technovate IT Services are in the company report.
Financial statements from FY 2016
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 Technovate IT Services Private Limited
Technovate IT Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Bornbix Technologies Private Limited | ₹18.73 Lakh (FY 2024) | •••• | •••• | 2020.0% | •••• | Thiruvananthapuram, Kerala, India |
| Ranimma's Victories Technology Solutions Private Limited | ₹18.72 Lakh (FY 2021) | •••• | •••• | 1911.0% | •••• | Chintal, Telangana, India |
| Immaculate Integrated Technology Solutions Private Limited | ₹18.72 Lakh (FY 2024) | •••• | •••• | -39.0% | •••• | Thane, Maharashtra, India |
| Spurthika Innovations and Technologies Private Limited | ₹18.71 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Aislyn Technologies Private Limited | ₹18.71 Lakh (FY 2025) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Technovate IT Services Private Limited this company | ₹18.71 Lakh (FY 2018) | •••• | •••• | 39.0% | •••• | Hyderabad, Telangana, India |
| Siskom Infotech Private Limited | ₹18.71 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Webburg Technologies Private Limited | ₹18.7 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Gonda, Uttar Pradesh, India |
| Bigzetta Systems Private Limited | ₹18.7 Lakh (FY 2022) | •••• | •••• | 194.0% | •••• | New Delhi, Delhi, India |
| Tele Force Technology Private Limited | ₹18.7 Lakh (FY 2018) | •••• | •••• | 110.0% | •••• | Siliguri, West Bengal, India |
| Arcstellar Private Limited | ₹18.69 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Technovate IT Services by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Technovate IT Services Private Limited
Technovate IT Services Private Limited is audited by A S NAIDU & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A S NAIDU & CO | 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 Technovate IT Services Private Limited
Technovate IT Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Sundeep David Nayakanti | Director | 11 May 2015 | 11 Years 5 Months | Current |
| Pradeep Akula | Director | 11 May 2015 | 11 Years 5 Months | Current |
Ownership and Shareholding of Technovate IT Services 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 Technovate IT Services Private Limited
Technovate IT Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Technovate IT Services Private Limited
Employment history and EPFO contributions of people linked to Technovate IT Services.
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 Technovate IT Services Private Limited
Technovate IT Services Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: George Sundeep David Nayakanti was appointed as Director on 11 May 2015.
Credit Ratings, Litigation & Regulatory Alerts for Technovate IT Services 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 Technovate IT Services 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 Technovate IT Services 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 Technovate IT Services Private Limited
Technovate IT Services has 1 GST registration on record, and it has been cancelled or is 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 Technovate IT Services 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 Technovate IT Services Private Limited
Technovate IT Services is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Technovate IT Services is a company pending strike off, currently registered as a private limited company based in Hyderabad, Telangana, India. The company works in consultancy, within the information technology industry. It was incorporated on 11 May 2015 and is registered under CIN U72200TG2015PTC098857. The company may be struck off soon - caution is advised.
The compliance status of Technovate IT Services is active non-compliant as of 20 July 2026.
Technovate IT Services has 2 current directors:
- George Sundeep David Nayakanti - Director
- Pradeep Akula - Director
The CIN (Corporate Identification Number) of Technovate IT Services is U72200TG2015PTC098857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Technovate IT Services was incorporated on 11 May 2015. It is registered with the Registrar of Companies, Hyderabad.
The registered office of Technovate IT Services is at Flat No.8310 Janapriya Metropolis Block No.8 Wing No.1 Motinagar Erragadda, Hyderabad, Telangana, India – 500018.
Technovate IT Services reported revenue of ₹18.71 Lakh for FY 2018 (up 39% YoY).
Technovate IT Services has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Technovate IT Services reported a net profit of ₹3,646 (net margin 0.2%) and EBITDA of ₹32,049 (EBITDA margin 1.7%) for FY 2018, as per its filed financial statements.
No. Technovate IT Services has 1 GST registration on record and it is cancelled or inactive.