About Techware Systems Private Limited
Data last updated:
Techware Systems Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 03 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U32300TN2011PTC082981. Its GSTIN is 33AACCL3196R1ZY (Tamil Nadu).
The company has an authorised share capital of ₹4.81 Cr and a paid-up capital of ₹2.73 Cr. It was formerly known as Lab Electronics Private Limited. It is led by directors including Venkatasrinath Kuruganti and Udayashankar Kuruganti.
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 Old – 27 New – 5 2nd Floor 10th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.01 Lakh (net margin 3.7%) and EBITDA of ₹34.25 Lakh (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 70% over five years.
The company is associated with 1 brand: Techware Systems. As per MCA filings, the company has open charges of ₹4.06 Cr 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 techwaresystems.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOld – 27 New – 5 2nd Floor 10th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
- 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 Techware Systems Private Limited
The main business activity of Techware Systems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Techware Systems Private Limited FY 2024 filings available
Techware Systems Private Limited reported revenue of ₹1.9 Cr (up 204% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Techware Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 204% growth in the latest year. EBITDA rose 522% 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 Techware Systems 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 | ₹34.25 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.01 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Techware Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Techware Systems 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 Techware Systems Private Limited
Techware Systems Private Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jai Armaments Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Deftech & Greenindia Private Limited | •••• | •••• | •••• | •••• | - | Jodhpur, Rajasthan, India |
| BSST India Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Codissia Defence Innovation and Atal Incubation Centre | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Arovea Pinnacle Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Techware Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Electromech Technologies Private Limited | •••• | •••• | •••• | •••• | - | Dehradun, Uttarakhand, India |
| Tisa Aerospace Private Limited | •••• | •••• | •••• | •••• | - | Serilingampally, Telangana, India |
| Aidrone Private Limited | •••• | •••• | •••• | •••• | - | Pathanamthitta, Kerala, India |
| Bell Pyrotechnics Pvt Ltd | •••• | •••• | •••• | •••• | - | Pondicherry-605 005., Pondicherry, India |
| Vibhaa Techsystems Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Techware Systems by revenue in the Defence industry (Defence Products and Technology), 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 Techware Systems Private Limited
Techware Systems Private Limited is audited by M.C.Ranaganathan & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.C.Ranaganathan & 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 Techware Systems Private Limited
Techware Systems has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatasrinath Kuruganti | Director | 16 Oct 2014 | 11 Years 11 Months | Current |
| Udayashankar Kuruganti | Director | 03 Nov 2011 | 14 Years 11 Months | Current |
| Vijayashree | Director | 03 Nov 2011 | 14 Years 11 Months | Current |
| Visweswar Prasad Maganty | Director | 29 Dec 2022 | 3 Years 9 Months | Current |
Ownership and Shareholding of Techware Systems 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 Techware Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Nov 2024 | Indian Bank | ₹1 Cr | Open |
| 24 May 2023 | Indian Bank | ₹75 Lakh | Open |
| 27 Feb 2023 | Indian Bank | ₹46.94 Lakh | Open |
| 27 Nov 2015 | Indian Bank | ₹1.84 Cr | Open |
Total charge records: 4 View all charges
Associated Brands with Techware Systems Private Limited
Techware Systems operates one associated brand: Techware Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electro optical tracking systems are manufactured for aerospace and defense. | techwaresystems.in |
Employees and EPFO Compliance at Techware Systems Private Limited
Employment history and EPFO contributions of people linked to Techware Systems.
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 Techware Systems Private Limited
Techware Systems Private Limited has 6 board changes on record since 2011: 4 appointments and 2 cessations. The latest: Jandhyala Venkataramana ceased to be Additional Director on 29 Sep 2023.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Techware Systems 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 Techware Systems 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 Techware Systems 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 Techware Systems Private Limited
Techware Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCL3196R1ZY | Tamil Nadu | Active | 01 Jul 2017 |
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 Techware Systems 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 Techware Systems Private Limited
Techware Systems is an active private limited company based in Chennai, Tamil Nadu, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 03 November 2011 (15+ years old) and is registered under CIN U32300TN2011PTC082981.
Techware Systems reported revenue of ₹1.9 Cr for FY 2024 (up 204% YoY).
Techware Systems has 4 current directors:
- Venkatasrinath Kuruganti - Director
- Udayashankar Kuruganti - Director
- Vijayashree - Director
- Visweswar Prasad Maganty - Director
Techware Systems reported a net profit of ₹7.01 Lakh (net margin 3.7%) and EBITDA of ₹34.25 Lakh (EBITDA margin 18%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Techware Systems is 69% over three years and 70% over five years. In the latest year (FY 2024) revenue rose 204%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Techware Systems is 33AACCL3196R1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Techware Systems is U32300TN2011PTC082981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Techware Systems was incorporated on 03 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Techware Systems by revenue are Jai Armaments Limited, Deftech & Greenindia Private Limited, BSST India Private Limited, Codissia Defence Innovation and Atal Incubation Centre, Arovea Pinnacle Private Limited and 5 more, all in the Defence industry (Defence Products and Technology).
Jandhyala Venkataramana ceased to be Additional Director on 29 Sep 2023. Visweswar Prasad Maganty ceased to be Additional Director on 29 Sep 2023. Visweswar Prasad Maganty was appointed as Director on 29 Dec 2022. Techware Systems has 6 board changes on record in total.
Yes, Techware Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).