About Tecnoace Services Private Limited
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Tecnoace Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 18 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC129733. Its GSTIN is 29AAHCT6114G1Z9 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Divya Bhat and Salem Narayanarao Sundaramurthy.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Flat No 204 2nd Floor No 53/2 Nandi Shelters 11th Mainjhbcs Layout U.Halli, Bangalore, Karnataka, India – 560061.
As per the financials filed for FY 2022, the company reported a revenue of ₹49.81 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.11 Lakh (net margin 4.2%) and EBITDA of ₹2.51 Lakh (EBITDA margin 5%).
For more details, the company can be reached via its website tecnoace.com.
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- WebsiteLocked
- Social Media
- Registered AddressFlat No 204 2nd Floor No 53/2 Nandi Shelters 11th Mainjhbcs Layout U.Halli, Bangalore, Karnataka, India – 560061
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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 Tecnoace Services Private Limited
The main business activity of Tecnoace Services is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction 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 Tecnoace Services Private Limited FY 2022 filings available
Tecnoace Services Private Limited reported revenue of ₹49.81 Lakh (up 1886% YoY) for FY 2022.
Financial Statement Summary of Tecnoace Services Private Limited
| Metrics | 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 | ₹2.51 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.11 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 Tecnoace Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5% | •••• | •••• |
| Net Profit Margin | 4.2% | •••• | •••• |
| 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 Tecnoace Services 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.
Peer Comparison of Tecnoace Services Private Limited
Tecnoace Services Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Danatrol Engineering India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Vaishvi Engineers Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Honour Engineering Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sigma Tools and Accessories Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Nain Industrial Products Private Limited | •••• | •••• | •••• | •••• | - | Pataudi, Haryana, India |
| Tecnoace Services Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Chaitali Forge & Machining Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Trayam Vision Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Hexxon Technomax Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Nalwe Precision Tools and Engineering Centre Private Limited | •••• | •••• | •••• | •••• | - | Rangareddy, Telangana, India |
| Delko Polymers Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Tecnoace Services by revenue in the Machinery and Equipment industry (Tools and Components), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Tecnoace Services Private Limited
Tecnoace Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divya Bhat | Director | 18 Nov 2019 | 6 Years 10 Months | Current |
| Salem Narayanarao Sundaramurthy Also directs: Bonfungi Ventures Private Limited | Director | 18 Nov 2019 | 6 Years 10 Months | Current |
| Lalitha Sundara Murthy | Additional Director | 19 Sep 2024 | 2 Years 0 Months | Current |
Charges & Borrowings of Tecnoace Services Private Limited
Tecnoace Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Tecnoace Services Private Limited
Employment history and EPFO contributions of people linked to Tecnoace 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 Tecnoace Services Private Limited
Tecnoace Services Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Lalitha Sundara Murthy was appointed as Additional Director on 19 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Tecnoace 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 Tecnoace 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 Tecnoace 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 Tecnoace Services Private Limited
Tecnoace Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCT6114G1Z9 | Karnataka | Active | 29 Dec 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 Tecnoace 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 Tecnoace Services Private Limited
Tecnoace Services is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 18 November 2019 (7+ years old) and is registered under CIN U72900KA2019PTC129733.
Tecnoace Services reported revenue of ₹49.81 Lakh for FY 2022 (up 1886% YoY).
Tecnoace Services has 3 current directors:
- Divya Bhat - Director
- Salem Narayanarao Sundaramurthy - Director
- Lalitha Sundara Murthy - Additional Director
Tecnoace Services reported a net profit of ₹2.11 Lakh (net margin 4.2%) and EBITDA of ₹2.51 Lakh (EBITDA margin 5%) for FY 2022, as per its filed financial statements.
The GSTIN of Tecnoace Services is 29AAHCT6114G1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Tecnoace Services is U72900KA2019PTC129733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tecnoace Services was incorporated on 18 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Tecnoace Services by revenue are Danatrol Engineering India Private Limited, Vaishvi Engineers Private Limited, Honour Engineering Private Limited, Sigma Tools and Accessories Private Limited, Nain Industrial Products Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Lalitha Sundara Murthy was appointed as Additional Director on 19 Sep 2024. Divya Bhat was appointed as Director on 18 Nov 2019. Salem Narayanarao Sundaramurthy was appointed as Director on 18 Nov 2019.
Yes, Tecnoace Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Tecnoace Services can be reached through the website tecnoace.com. Its registered office is in Bangalore, Karnataka, India.