MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-22-0022006
Theorem (India) Private Limited - media and publishing in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.91 Cr
▼ 93% YoY
Net profit · FY 2025
₹2.09 Cr
Net margin 42.6%
EBITDA · FY 2025
₹3.87 Cr
EBITDA margin 78.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹2.24 Lakh
Issued & subscribed
Open charges
₹36.58 Cr
Satisfied ₹2.19 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
717
Provident fund records
About Theorem (India) Private Limited
Data last updated:
Theorem (India) Private Limited is a private limited company based in Mysore, Karnataka, India, a subsidiary of Theorem Inc. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 03 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2003PTC031654. Its GSTIN is 29AABCT8011C1ZN (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹2.24 Lakh. It is led by directors Sanjay Manohar Kulkarni (Managing Director) and Vijaylakshmi Kulkarni Manohar.
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 67C Hootgalli Industrial Area, Mysore, Karnataka, India – 570018.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.91 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹2.09 Cr (net margin 42.6%) and EBITDA of ₹3.87 Cr (EBITDA margin 78.8%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 40% over five years.
The company has about 717 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36.58 Cr and satisfied charges of ₹2.19 Cr on record. Court records list 44 cases involving the company, including 31 filed by the company and 13 filed against it; 2 cases are pending.
Theorem (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-22-0022006). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theoreminc.net.
Company details
CIN U72200KA2003PTC031654
Registration Number 031654
Incorporation Date 03 March 2003
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Theorem Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-22-0022006
Recognitions & Rankings of Theorem (India)
Contact details
Theorem (India) Private Limited's registered office is in Mysore, Karnataka. Its website is theoreminc.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address67C Hootgalli Industrial Area, Mysore, Karnataka, India – 570018
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Theorem (India) Private Limited, buy the company report.
Comprehensive company report
Theorem (India) Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Theorem (India) is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Theorem (India) Private Limited, buy the company report.
Financials of Theorem (India) Private Limited
FY 2025 filings availableTheorem (India) Private Limited reported revenue of ₹4.91 Cr (down 93% YoY) for FY 2025.
Revenue · FY 2025
₹4.91 Cr ▼ 93%
Net profit · FY 2025
₹2.09 Cr margin 42.6%
EBITDA · FY 2025
₹3.87 Cr margin 78.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
3 years · compounded
▼ 56%
5 years · compounded
▼ 40%
EBITDA CAGR growth
1 year
▼ 74%
3 years · compounded
▼ 29%
5 years · compounded
▼ 20%
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 93% fall in the latest year. EBITDA fell 74% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.87 Cr | ||||
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| Net Profit (PAT) | ₹2.09 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 78.8% | ||||
| Net Profit Margin | 42.6% | ||||
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To see the full financial statements and ratios of Theorem (India) Private Limited, buy the company report.
Board of directors of Theorem (India) Private Limited
Theorem (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Manohar Kulkarni Also directs: Theorem Digital Solutions Private Limited | Managing Director | 03 Mar 2003 | 23 Years 7 Months | Current |
| Vijaylakshmi Kulkarni Manohar Also directs: Theorem Digital Solutions Private Limited | Director | 31 Dec 2013 | 12 Years 9 Months | Current |
Auditor
Theorem (India) Private Limited is audited by SINGHVI DEV AND UNNI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHVI DEV AND UNNI | FY 2023 | 003867S |
Shareholding
The shareholding of Theorem (India) 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 Theorem (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹36.58 Cr
Satisfied charges
₹2.19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2024 | 101022136 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 23 Nov 2010 | 10253168 | Corporation Bank | ₹8.3 Lakh | Open | |
| 10 Jun 2005 | 90193003 | Others | ₹16.5 Cr | Open | |
| 27 Nov 2009 | 10189282 | Corporation Bank | ₹2.05 Cr | Satisfied | |
| 15 Jan 2009 | 10143545 | Corporation Bank | ₹13.63 Lakh | Satisfied |
To see the full charge records of Theorem (India) Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Theorem (India) Private Limited has 44 court cases on record: 31 filed by Theorem (India), 13 filed against it. 2 cases are pending and 42 are disposed.
Total cases
44
Filed by the company
31
Filed against the company
13
Pending
2
Disposed
42
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 10 | 1 |
| High courts | 3 | 3 | 1 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Aditya Birla Health Insurance Co. Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Treble Clef Technology Services Pvt.Ltd and 2 others | Disposed |
| District court, MYSURU, Karnataka | Motor accident claim | Filed against the company by individuals | Pending |
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Theorem (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Theorem (India) Private Limited was last rated by Brickwork on 15 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 15 Feb 2021 |
To see the full credit ratings and regulatory alerts of Theorem (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Theorem (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Theorem (India) Private Limited has a workforce of 717 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
717
Active EPFO establishments
1
Employee growth
3.76%
GST
Theorem (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCT8011C1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Theorem (India) Private Limited, buy the company report.
Recent activity
Theorem (India) Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Vijaylakshmi Kulkarni Manohar was appointed as Director on 31 Dec 2013.
AGM
Theorem (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Theorem (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,000.00 Lakh with Charge ID 101022136 was registered on 04 Nov 2024.
Charges
A charge registered on 27 Nov 2009 via Charge ID 10189282 with Corporation Bank was fully satisfied on 31 Dec 2019.
Charges
A charge registered on 15 Jan 2009 via Charge ID 10143545 with Corporation Bank was fully satisfied on 31 Dec 2019.
Charges
A charge with Others of Rs. 1,650.00 Lakh registered on 10 Jun 2005 with Charge ID 90193003 was modified on 03 Oct 2019.
Appointed
Vijaylakshmi Kulkarni Manohar was appointed as Director.
Ceased
Sanjay Manohar Kulkarni ceased to be Director.
Ceased
Bangalore Nataraju Chandrakanth ceased to be Managing Director.
Charges
A charge with Corporation Bank amounted to Rs. 8.30 Lakh with Charge ID 10253168 was registered on 23 Nov 2010.
Charges
A charge with Corporation Bank amounted to Rs. 205.00 Lakh with Charge ID 10189282 was registered on 27 Nov 2009.
Charges
A charge with Corporation Bank amounted to Rs. 13.63 Lakh with Charge ID 10143545 was registered on 15 Jan 2009.
3 earlier events are in the company report.
News
Frequently asked questions
Theorem (India) is an active private limited company based in Mysore, Karnataka, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 03 March 2003 (23+ years old) and is registered under CIN U72200KA2003PTC031654.
Theorem (India) has 2 current directors:
- Sanjay Manohar Kulkarni - Managing Director
- Vijaylakshmi Kulkarni Manohar - Director
The latest financial statements of Theorem (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Theorem (India) is 29AABCT8011C1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Theorem (India) is U72200KA2003PTC031654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Theorem (India) has 44 court cases on record: 31 filed by the company and 13 filed against it. 2 are pending. Most are in the district courts.
Theorem (India) was incorporated on 03 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Vijaylakshmi Kulkarni Manohar was appointed as Director on 31 Dec 2013. Sanjay Manohar Kulkarni ceased to be Director on 22 Nov 2013. Bangalore Nataraju Chandrakanth ceased to be Managing Director on 20 Sep 2013. Theorem (India) has 4 board changes on record in total.
Yes, Theorem (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-22-0022006).
Theorem (India) can be reached through the website theoreminc.net. Its registered office is in Mysore, Karnataka, India.