About Testcore IT Solutions Private Limited
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Testcore IT Solutions 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 12 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC112224. Its GSTIN is 29AAGCT7238Q1ZE (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Shrinivas Shrikant Ghotnekar and Smita Rahul Chavan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.6 Vishnu Kamal Nivas 2nd Main Road Mallespalaya New Thippasandra, Bangalore, Karnataka, India – 560075.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.39 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net profit of ₹86.05 Lakh (net margin 25.4%) and EBITDA of ₹1.21 Cr (EBITDA margin 35.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 51% over five years.
The company is associated with 1 brand: Test Core.
For more details, the company can be reached via its website testcoresolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.6 Vishnu Kamal Nivas 2nd Main Road Mallespalaya New Thippasandra, Bangalore, Karnataka, India – 560075
- 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 Testcore IT Solutions Private Limited
The main business activity of Testcore 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 Testcore IT Solutions Private Limited FY 2025 filings available
Testcore IT Solutions Private Limited reported revenue of ₹3.39 Cr (down 90% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Testcore IT Solutions Private Limited
Revenue fell 90% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA fell 96% 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 Testcore IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹86.05 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 Testcore IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 25.4% | •••• | •••• | •••• | •••• |
| 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 Testcore IT Solutions are in the company report.
Financial statements from FY 2019
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 Testcore IT Solutions Private Limited
Testcore 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). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gaiadigital Design Private Limited | ₹3.4 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Noida, Uttar Pradesh, India |
| Kundanmal Technology Private Limited | ₹3.39 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Metacomp Technologies Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Chennai, Tamil Nadu, India |
| Yuvitech Solutions Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | New Delhi, Delhi, India |
| Suvit Fintech Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 168.0% | •••• | Surat, Gujarat, India |
| Testcore IT Solutions Private Limited this company | ₹3.39 Cr (FY 2025) | •••• | •••• | -90.0% | •••• | Bangalore, Karnataka, India |
| Rising Northstar Technologies and Solutions Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Chennai, Tamil Nadu, India |
| Beamx Techlabs Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Hyderabad, Telangana, India |
| Quest Reliability Solutions Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Madurawada, Ayyappa Nagar, Andhra Pradesh, India |
| JNS Systech Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Trapsoft Solutions India Private Limited | ₹3.39 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Testcore IT Solutions 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 Testcore IT Solutions Private Limited
Testcore IT Solutions Private Limited is audited by K P M S & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K P M S & 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 Testcore IT Solutions Private Limited
Testcore IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrinivas Shrikant Ghotnekar | Director | 12 Apr 2018 | 8 Years 6 Months | Current |
| Smita Rahul Chavan | Director | 12 Apr 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Testcore 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 Testcore IT Solutions Private Limited
Testcore IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Testcore IT Solutions Private Limited
Testcore IT Solutions operates one associated brand: Test Core. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers expert software, mobile application development, and IoT services to meet diverse business needs. | testcoresolutions.com |
Employees and EPFO Compliance at Testcore IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Testcore IT Solutions.
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 Testcore IT Solutions Private Limited
Testcore IT Solutions Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Shrinivas Shrikant Ghotnekar was appointed as Director on 12 Apr 2018.
Credit Ratings, Litigation & Regulatory Alerts for Testcore 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 Testcore 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 Testcore 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 Testcore IT Solutions Private Limited
Testcore IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCT7238Q1ZE | Karnataka | Active | 03 Jul 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 Testcore 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 Testcore IT Solutions Private Limited
Testcore IT Solutions 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 12 April 2018 (8+ years old) and is registered under CIN U72900KA2018PTC112224.
Testcore IT Solutions reported revenue of ₹3.39 Cr for FY 2025 (down 90% YoY).
Testcore IT Solutions has 2 current directors:
- Shrinivas Shrikant Ghotnekar - Director
- Smita Rahul Chavan - Director
Testcore IT Solutions reported a net profit of ₹86.05 Lakh (net margin 25.4%) and EBITDA of ₹1.21 Cr (EBITDA margin 35.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Testcore IT Solutions is 26% over three years and 51% over five years. In the latest year (FY 2025) revenue fell 90%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Testcore IT Solutions is 29AAGCT7238Q1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Testcore IT Solutions is U72900KA2018PTC112224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Testcore IT Solutions was incorporated on 12 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Testcore IT Solutions by revenue are Gaiadigital Design Private Limited, Kundanmal Technology Private Limited, Metacomp Technologies Private Limited, Yuvitech Solutions Private Limited, Suvit Fintech Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Shrinivas Shrikant Ghotnekar was appointed as Director on 12 Apr 2018. Smita Rahul Chavan was appointed as Director on 12 Apr 2018.
Testcore IT Solutions can be reached through the website testcoresolutions.com. Its registered office is in Bangalore, Karnataka, India.