MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0276020
Upstart Business Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.17 Cr
▲ 43% YoY
Net profit · FY 2024
₹10.86 Lakh
Net margin 9.3%
EBITDA · FY 2024
₹20.48 Lakh
EBITDA margin 17.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
Brands
1
Associated brands
About Upstart Business Solutions Private Limited
Data last updated:
Upstart Business 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 01 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72300KA2013PTC068066.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as I - Cinergy Techmatics Private Limited. It is led by directors including Dilip Pavalur Raghunathnaidu and Nalagampalle Vikram Papudesi.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.17 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹10.86 Lakh (net margin 9.3%) and EBITDA of ₹20.48 Lakh (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 14% over five years.
The company is associated with 1 brand: UpStart.
Upstart Business Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0276020). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website upstartspace.com.
Company details
CIN U72300KA2013PTC068066
Registration Number 068066
Incorporation Date 01 March 2013
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-03-0276020
CIN history
Upstart Business Solutions has one previous CIN (Corporate Identification Number): U72900KA2013PTC068066. The current CIN is U72300KA2013PTC068066, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300KA2013PTC068066 | Current |
| U72900KA2013PTC068066 | Previous |
Key People
Dilip Pavalur Raghunathnaidu Director Nalagampalle Vikram Papudesi Director Koganti Rani Sirisha Director Recognitions & Rankings of Upstart Business Solutions
Contact details
Upstart Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is upstartspace.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBalaraj'S Arcade 4th Floor Opp Brigade Cosmopolis Whitefield Main Road Whitef, Ield, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Upstart Business Solutions Private Limited, buy the company report.
Comprehensive company report
Upstart Business Solutions 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
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Brands
Upstart Business Solutions operates one associated brand: UpStart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides shared and private offices with amenities in Bangalore for businesses. | upstartspace.com |
Business activity
The main business activity of Upstart Business Solutions is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Upstart Business Solutions Private Limited, buy the company report.
Financials of Upstart Business Solutions Private Limited
FY 2024 filings availableUpstart Business Solutions Private Limited reported revenue of ₹1.17 Cr (up 43% YoY) for FY 2024.
Revenue · FY 2024
₹1.17 Cr ▲ 43%
Net profit · FY 2024
₹10.86 Lakh margin 9.3%
EBITDA · FY 2024
₹20.48 Lakh margin 17.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 40%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 13%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 43% growth in the latest year. EBITDA rose 38% 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 | ₹20.48 Lakh | ||||
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| Net Profit (PAT) | ₹10.86 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 | 17.5% | ||||
| Net Profit Margin | 9.3% | ||||
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To see the full financial statements and ratios of Upstart Business Solutions Private Limited, buy the company report.
Board of directors of Upstart Business Solutions Private Limited
Upstart Business Solutions has 3 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 |
|---|---|---|---|---|
| Dilip Pavalur Raghunathnaidu | Director | 23 Jan 2018 | 8 Years 9 Months | Current |
| Nalagampalle Vikram Papudesi | Director | 14 Mar 2015 | 11 Years 7 Months | Current |
| Koganti Rani Sirisha Also directs: NPV Developers LLP | Director | 25 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Upstart Business Solutions Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GFN Realtors Private Limited | ₹1.17 Cr (FY 2025) | 104.0% | Kolkata, West Bengal, India | |||
| Asiatic Investment & Trade Development Company Limited | ₹1.17 Cr (FY 2025) | 26.0% | Kolkata, West Bengal, India | |||
| Upstart Business Solutions Private Limitedthis company | ₹1.17 Cr (FY 2024) | ₹10.86 Lakh | 9.3% | 43.0% | Bangalore, Karnataka, India | |
| Malhotra Finvest Private Limited | ₹1.16 Cr (FY 2025) | -30.0% | New Delhi, Delhi, India | |||
| Bangalore Petroleum and Chemicals Private Limited | ₹1.16 Cr (FY 2023) | 12.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Upstart Business Solutions Private Limited, buy the company report.
Auditor
Upstart Business Solutions Private Limited is audited by DINESH S BHATKAL AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH S BHATKAL AND ASSOCIATES | FY 2022 | 104067 |
Shareholding
The shareholding of Upstart Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Upstart Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Upstart Business Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Upstart Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Upstart Business Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Upstart Business Solutions Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Koganti Rani Sirisha was appointed as Director on 25 Apr 2019.
AGM
Upstart Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Upstart Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Koganti Rani Sirisha was appointed as Director.
Ceased
Shyamala Nalagam Palle ceased to be Director.
Appointed
Dilip Pavalur Raghunathnaidu was appointed as Director.
Ceased
Papudesi Balaraj Nalagampalle ceased to be Director.
Appointed
Nalagampalle Vikram Papudesi was appointed as Director.
Incorporation
01 Mar 2013
Upstart Business Solutions Private Limited was registered on 01 Mar 2013 with Roc Bangalore & aged 13 years 7 months as per MCA records.
Frequently asked questions
Upstart Business 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 01 March 2013 (13+ years old) and is registered under CIN U72300KA2013PTC068066.
Upstart Business Solutions has 3 current directors:
- Dilip Pavalur Raghunathnaidu - Director
- Nalagampalle Vikram Papudesi - Director
- Koganti Rani Sirisha - Director
The latest financial statements of Upstart Business Solutions 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 CIN (Corporate Identification Number) of Upstart Business Solutions is U72300KA2013PTC068066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upstart Business Solutions was incorporated on 01 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Upstart Business Solutions by revenue are GFN Realtors Private Limited, Asiatic Investment & Trade Development Company Limited, Malhotra Finvest Private Limited, Bangalore Petroleum and Chemicals Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Koganti Rani Sirisha was appointed as Director on 25 Apr 2019. Shyamala Nalagam Palle ceased to be Director on 29 Mar 2019. Dilip Pavalur Raghunathnaidu was appointed as Director on 23 Jan 2018. Upstart Business Solutions has 5 board changes on record in total.
Yes, Upstart Business Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0276020).
Upstart Business Solutions can be reached through the website upstartspace.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Upstart Business Solutions is at BalarajS Arcade 4th Floor Opp Brigade Cosmopolis Whitefield Main Road Whitef, Ield, Bangalore, Karnataka, India – 560066.
Upstart Business Solutions operates in the information technology industry, in the IT consulting and support services segment.