MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0044927
Thinkcircuit Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹61.94 Lakh
▼ 55% YoY
Net loss · FY 2024
₹10.78 Lakh
Net margin -17.4%
EBITDA · FY 2024
₹25.43 Lakh
EBITDA margin 41.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹7.85 Lakh
Issued & subscribed
Open charges
₹1.28 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
1
Provident fund records
About Thinkcircuit Technologies Private Limited
Data last updated:
Thinkcircuit Technologies 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 19 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC052596. Its GSTIN is 29AADCT3735B1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.85 Lakh. It is led by directors Nazirahmed Suleiman Tolagi and Gajanana Palakar.
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 No 1218 O.J.Plex Plaza 2nd And 3rd Floor 80 Feet Road Chandra Layout, Bangalore, Karnataka, India – 560040.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.94 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹10.78 Lakh (net margin -17.4%) and EBITDA of ₹25.43 Lakh (EBITDA margin 41.1%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 25% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: ThinkCircuit Technologies. As per MCA filings, the company has open charges of ₹1.28 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Thinkcircuit Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0044927). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thinkcircuit.com.
Company details
CIN U72200KA2010PTC052596
Registration Number 052596
Incorporation Date 19 February 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0044927
Recognitions & Rankings of Thinkcircuit Technologies
Contact details
Thinkcircuit Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is thinkcircuit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 1218 O.J.Plex Plaza 2nd And 3rd Floor 80 Feet Road Chandra Layout, Bangalore, Karnataka, India – 560040
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Thinkcircuit Technologies Private Limited, buy the company report.
Comprehensive company report
Thinkcircuit Technologies 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
Brands
Thinkcircuit Technologies operates one associated brand: ThinkCircuit Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in designing PCBs and embedded systems for various applications. | thinkcircuit.com |
Business activity
The main business activity of Thinkcircuit Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Thinkcircuit Technologies Private Limited, buy the company report.
Financials of Thinkcircuit Technologies Private Limited
FY 2024 filings availableThinkcircuit Technologies Private Limited reported revenue of ₹61.94 Lakh (down 55% YoY) for FY 2024.
Revenue · FY 2024
₹61.94 Lakh ▼ 55%
Net loss · FY 2024
₹10.78 Lakh margin -17.4%
EBITDA · FY 2024
₹25.43 Lakh margin 41.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▼ 44%
5 years · compounded
▼ 25%
EBITDA CAGR growth
1 year
▲ 322%
3 years · compounded
▲ 48%
5 years · compounded
▼ 3%
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 55% fall in the latest year. EBITDA rose 322% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹25.43 Lakh | ||||
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| Net Profit (PAT) | -₹10.78 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 41.1% | ||||
| Net Profit Margin | -17.4% | ||||
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To see the full financial statements and ratios of Thinkcircuit Technologies Private Limited, buy the company report.
Board of directors of Thinkcircuit Technologies Private Limited
Thinkcircuit Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nazirahmed Suleiman Tolagi | Director | 19 Feb 2010 | 16 Years 8 Months | Current |
| Gajanana Palakar | Director | 18 Nov 2011 | 14 Years 11 Months | Current |
Peer comparison
Thinkcircuit Technologies Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thinkcircuit Technologies Private Limitedthis company | ₹61.94 Lakh (FY 2024) | -₹10.78 Lakh | -17.4% | -55.0% | 1 | Bangalore, Karnataka, India |
| App Octet Technologies Private Limited | ₹61.79 Lakh (FY 2024) | -21.0% | Goregaon (W) Mumbai, Maharashtra, India | |||
| Allegiant BPO Solutions Private Limited | ₹61.78 Lakh (FY 2023) | -64.0% | Gurgaon, Haryana, India | |||
| Quickerp Technologies Private Limited | ₹61.62 Lakh (FY 2024) | -4.0% | New Delhi, Delhi, India | |||
| Cyberway IT Solution Private Limited | ₹61.61 Lakh (FY 2015) | 42.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Thinkcircuit Technologies Private Limited, buy the company report.
Auditor
Thinkcircuit Technologies Private Limited is audited by VASANTH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASANTH & CO | FY 2020 | 008204S |
Shareholding
The shareholding of Thinkcircuit Technologies Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Thinkcircuit Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.28 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2014 | 10523980 | Canara Bank | ₹1.28 Cr | Open |
To see the full charge records of Thinkcircuit Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Thinkcircuit Technologies Private Limited has 1 court case on record: 1 filed by Thinkcircuit Technologies. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Union of India Thru. Principal Chief Engineer Electrical/Trs Northern Railway and Anr. | Disposed |
To see the full case history of Thinkcircuit Technologies 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thinkcircuit Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thinkcircuit Technologies Private Limited has a workforce of 1 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-50%
GST
Thinkcircuit Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT3735B1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thinkcircuit Technologies Private Limited, buy the company report.
Recent activity
Thinkcircuit Technologies Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Ravikumar Veerupakshappa Sajjan ceased to be Director on 02 Nov 2019.
AGM
Thinkcircuit Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Thinkcircuit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank of Rs. 128.00 Lakh registered on 01 Oct 2014 with Charge ID 10523980 was modified on 03 Dec 2021.
Ceased
Ravikumar Veerupakshappa Sajjan ceased to be Director.
Ceased
Santosh Bhimappa Naganur ceased to be Director.
Ceased
Srinivas Paregowda ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 128.00 Lakh with Charge ID 10523980 was registered on 01 Oct 2014.
Ceased
Gajanana Palakar ceased to be Additional Director.
Appointed
Gajanana Palakar was appointed as Director.
Appointed
Nazirahmed Suleiman Tolagi was appointed as Director.
Incorporation
19 Feb 2010
Thinkcircuit Technologies Private Limited was registered on 19 Feb 2010 with Roc Bangalore & aged 16 years 8 months as per MCA records.
Frequently asked questions
Thinkcircuit Technologies 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 19 February 2010 (16+ years old) and is registered under CIN U72200KA2010PTC052596.
Thinkcircuit Technologies has 2 current directors:
- Nazirahmed Suleiman Tolagi - Director
- Gajanana Palakar - Director
The latest financial statements of Thinkcircuit Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Thinkcircuit Technologies is 29AADCT3735B1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Thinkcircuit Technologies is U72200KA2010PTC052596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thinkcircuit Technologies has 1 court case on record: 1 filed by the company.
Thinkcircuit Technologies was incorporated on 19 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Thinkcircuit Technologies by revenue are App Octet Technologies Private Limited, Allegiant BPO Solutions Private Limited, Quickerp Technologies Private Limited, Cyberway IT Solution Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Ravikumar Veerupakshappa Sajjan ceased to be Director on 02 Nov 2019. Santosh Bhimappa Naganur ceased to be Director on 31 Oct 2019. Srinivas Paregowda ceased to be Director on 12 Nov 2018. Thinkcircuit Technologies has 6 board changes on record in total.
Yes, Thinkcircuit Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0044927).
Thinkcircuit Technologies can be reached through the website thinkcircuit.com. Its registered office is in Bangalore, Karnataka, India.