About Throughbit Technologies Private Limited
Data last updated:
Throughbit Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 03 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC086630.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rajendran Anandaprabu and Mohamed Aslam Roshan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.201 – 204 Oxford Palazo First Floor Sy. No.73 – 5 – 22/4 Rustambagh Kodihalli, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2023, the company reported a revenue of ₹17,930, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹51.01 Lakh and EBITDA of -₹50.05 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 66% over five years.
The company is associated with 1 brand: ThroughBit.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website throughbit.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo.201 – 204 Oxford Palazo First Floor Sy. No.73 – 5 – 22/4 Rustambagh Kodihalli, Bangalore, Karnataka, India – 560008
- IndustryInternet, Online Financial 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
Associated Brands with Throughbit Technologies Private Limited
Throughbit Technologies operates one associated brand: ThroughBit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It serves as a stealth mode bitcoin company in india. | throughbit.com |
Competitors & Alternatives of Throughbit Technologies Private Limited
Brands and companies operating in the same space as Throughbit Technologies Private Limited include Coinbase, Bitso, KuCoin and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Coinbase | Cryptocurrency trading, storage, and exchange services are offered online. | San Francisco, United States | 2012 |
 Bitso | Cryptocurrencies are traded and exchanged through an online platform. | Mexico City, Mexico | 2014 |
 KuCoin | Cryptocurrencies are bought, sold, and traded via this exchange platform. | Mahe, Seychelles | 2017 |
 Kraken | Provider of an app-based trading and exchange platform for cryptocurrency | San Francisco, United States | 2011 |
 Wealthsimple | Online robo advisory and stock trading services are provided. | Toronto, Canada | 2014 |
 Binance.US | Cryptocurrency trading is enabled through a mobile application platform. | San Francisco, United States | 2019 |
 CoinList | App-based trading platform for cryptocurrency | San Francisco, United States | 2017 |
 Coinsquare | Digital assets are bought, sold, and traded on Coinsquare. | Toronto, Canada | 2014 |
 bitFlyer | Bitcoin is bought, sold, and traded via an online platform. | Chiba, Japan | 2014 |
Business Activity of Throughbit Technologies Private Limited
The main business activity of Throughbit Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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.
Board of Directors of Throughbit Technologies Private Limited
Throughbit Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendran Anandaprabu Also directs: Marma Fintech Private Limited, Apr Agro Industries Private Limited, Apr Infra Private Limited and 2 more | Director | 14 Mar 2016 | 10 Years 6 Months | Current |
| Mohamed Aslam Roshan | Director | 03 Mar 2016 | 10 Years 7 Months | Current |
| Gopal Abhishek Also directs: Cryptexworld Technologies LLP, Marma Fintech Private Limited | Director | 03 Mar 2016 | 10 Years 7 Months | Current |
Financials of Throughbit Technologies Private Limited FY 2023 filings available
Throughbit Technologies Private Limited reported revenue of ₹17,930 (down 63% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Throughbit Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 63% fall in the latest year. EBITDA fell 222% 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 Throughbit Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹50.05 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹51.01 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Throughbit Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Throughbit Technologies are in the company report.
Financial statements from FY 2016
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.
Charges & Borrowings of Throughbit Technologies Private Limited
Throughbit Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Throughbit Technologies Private Limited
Employment history and EPFO contributions of people linked to Throughbit Technologies.
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.
GST Compliance of Throughbit Technologies Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Throughbit Technologies 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 Throughbit Technologies 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 Throughbit Technologies 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.
MCA Filings & Documents of Throughbit Technologies 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.
Recent Activity on Throughbit Technologies Private Limited
Frequently Asked Questions about Throughbit Technologies Private Limited
Throughbit Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 03 March 2016 (10+ years old) and is registered under CIN U72200KA2016PTC086630.
Throughbit Technologies reported revenue of ₹17,930 for FY 2023 (down 63% YoY).
Throughbit Technologies has 3 current directors:
- Rajendran Anandaprabu - Director
- Mohamed Aslam Roshan - Director
- Gopal Abhishek - Director
Throughbit Technologies reported a net loss of ₹51.01 Lakh and EBITDA of -₹50.05 Lakh for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Throughbit Technologies is -66% over five years. In the latest year (FY 2023) revenue fell 63%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Throughbit Technologies is U72200KA2016PTC086630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Throughbit Technologies was incorporated on 03 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, Throughbit Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Throughbit Technologies can be reached through the website throughbit.com. Its registered office is in Bangalore, Karnataka, India.