About Up Well IT Solutions Private Limited
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Up Well IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 09 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC100370. Its GSTIN is 29AAFCV7480B1Z4 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Van Techno Solutions Private Limited. It is led by directors Kumar Shivaramaiah Naveen (Managing Director) and Kodalipura Venkatagiriyappa Shivaramaiah.
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 16/4 7th Cross 8th Street Jogupalyam Ulsoor, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.1 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹35,947 (net margin -17.1%) and EBITDA of -₹33,000 (EBITDA margin -15.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vantechno.com.
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- Website
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- Registered Address16/4 7th Cross 8th Street Jogupalyam Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Up Well IT Solutions Private Limited
The main business activity of Up Well IT Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | 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 Up Well IT Solutions Private Limited FY 2025 filings available
Up Well IT Solutions Private Limited reported revenue of ₹2.1 Lakh (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Up Well IT Solutions Private Limited
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 70% 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 Up Well IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | 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 | -₹33,000 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹35,947 | •••• | •••• | •••• | •••• |
| 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 Up Well IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -17.1% | •••• | •••• | •••• | •••• |
| 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 Up Well IT Solutions are in the company report.
Financial statements from FY 2017
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.
Board of Directors of Up Well IT Solutions Private Limited
Up Well IT Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Shivaramaiah Naveen | Managing Director | 09 Feb 2017 | 9 Years 8 Months | Current |
| Kodalipura Venkatagiriyappa Shivaramaiah | Director | 09 Feb 2018 | 8 Years 8 Months | Current |
Peer Comparison of Up Well IT Solutions Private Limited
Up Well IT Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dream Igniters Private Limited | ₹2.12 Lakh (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Corpco Consulting Services Private Limited | ₹2.11 Lakh (FY 2022) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Rihtdm Overseas Private Limited | ₹2.1 Lakh (FY 2022) | •••• | •••• | -77.0% | •••• | Una, Himachal Pradesh, India |
| Aapkarj Services Private Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | -68.0% | •••• | Khamtarai, Chhattisgarh, India |
| Up Well IT Solutions Private Limited this company | ₹2.1 Lakh (FY 2024) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Kireeti HR Solutions Private Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Gropro Corporate Solutions (OPC) Private Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Hyderabad, Telangana, India |
| Molten Entertainment Private Limited | ₹2.1 Lakh (FY 2022) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Baghel Security & Services Private Limited | ₹2.1 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Delhi, India |
| Saikunj Security Solutions Private Limited | ₹2.09 Lakh (FY 2020) | •••• | •••• | -80.0% | •••• | Sirsa, Haryana, India |
| Aritechsoft India Private Limited | ₹2.09 Lakh (FY 2022) | •••• | •••• | -96.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Up Well IT Solutions by revenue in the Outsourcing industry (HR Outsourcing), 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 Up Well IT Solutions Private Limited
Up Well IT Solutions Private Limited is audited by MANOJ KUMAR D & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOJ KUMAR D & 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.
Ownership and Shareholding of Up Well 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 Up Well IT Solutions Private Limited
Up Well IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Up Well IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Up Well 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 Up Well IT Solutions Private Limited
Up Well IT Solutions Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Kodalipura Venkatagiriyappa Shivaramaiah ceased to be Additional Director on 07 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for Up Well 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 Up Well 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 Up Well 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 Up Well IT Solutions Private Limited
Up Well IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCV7480B1Z4 | Karnataka | Active | 01 Jul 2017 |
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 Up Well 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 Up Well IT Solutions Private Limited
Up Well IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 09 February 2017 (9+ years old) and is registered under CIN U74999KA2017PTC100370.
Up Well IT Solutions reported revenue of ₹2.1 Lakh for FY 2024 (down 9% YoY).
Up Well IT Solutions has 2 current directors:
- Kumar Shivaramaiah Naveen - Managing Director
- Kodalipura Venkatagiriyappa Shivaramaiah - Director
Up Well IT Solutions reported a net loss of ₹35,947 (net margin -17.1%) and EBITDA of -₹33,000 (EBITDA margin -15.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Up Well IT Solutions is 13% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Up Well IT Solutions is 29AAFCV7480B1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Up Well IT Solutions is U74999KA2017PTC100370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Up Well IT Solutions was incorporated on 09 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Up Well IT Solutions by revenue are Dream Igniters Private Limited, Corpco Consulting Services Private Limited, Rihtdm Overseas Private Limited, Aapkarj Services Private Limited, Kireeti HR Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Kodalipura Venkatagiriyappa Shivaramaiah ceased to be Additional Director on 07 Dec 2018. Ashwini ceased to be Director on 09 Feb 2018. Kodalipura Venkatagiriyappa Shivaramaiah was appointed as Director on 09 Feb 2018. Up Well IT Solutions has 5 board changes on record in total.
Up Well IT Solutions can be reached through the website vantechno.com. Its registered office is in Bangalore, Karnataka, India.