MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0125464
Useready Technology Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹68.78 Cr
▲ 85.49% YoY
Net profit · FY 2025
₹6.66 Cr
Net margin 9.7%
EBITDA · FY 2025
₹9.62 Cr
EBITDA margin 14%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹5 Cr
No open charges
Company age
20 yrs
Est. 2006
Employees · EPFO
280
Provident fund records
About Useready Technology Private Limited
Data last updated:
Useready Technology Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of M/S. Suvip Solutions Inc, Usa. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2006PTC040252. Its GSTIN is 29AAKCS2178L1ZO (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Suvip Consultancy Private Limited. It is led by directors including Lalit Bakshi and Sanyukta Bakshi.
Its last annual general meeting (AGM) was held on 20 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Indiqube Amr Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.78 Cr. For the same year it recorded a net profit of ₹6.66 Cr (net margin 9.7%) and EBITDA of ₹9.62 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 35% over five years.
The company has about 280 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: USEReady. As per MCA filings, the company has satisfied charges of ₹5 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2016. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 40 overdue payments to 10 micro and small suppliers.
Useready Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0125464). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website useready.com.
Company details
CIN U72100KA2006PTC040252
Registration Number 040252
Incorporation Date 21 August 2006
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 November 2025
Date of Balance Sheet 31 March 2025
Parent Company M/S. Suvip Solutions Inc, Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0125464
Recognitions & Rankings of Useready Technology
Contact details
Useready Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is useready.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIndiqube Amr Tech Park Building 3B Sy No. 23 & 24, Ground Floor Hongasandra Village Begur Hobli Hosur Road, Bangalore, Karnataka, India – 560068
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Useready Technology Private Limited, buy the company report.
Comprehensive company report
Useready Technology 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
Useready Technology operates one associated brand: USEReady. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services in analytics, data management, and security are provided. | useready.com |
Business activity
The main business activity of Useready Technology is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Useready Technology Private Limited, buy the company report.
Financials of Useready Technology Private Limited
FY 2025 filings availableUseready Technology Private Limited reported revenue of ₹68.78 Cr for FY 2025.
Revenue · FY 2025
₹68.78 Cr
Net profit · FY 2025
₹6.66 Cr margin 9.7%
EBITDA · FY 2025
₹9.62 Cr margin 14%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 26%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 38%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years. EBITDA rose 8% 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 |
|---|---|---|---|---|---|
| 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 | ₹9.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.66 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14% | ||||
| Net Profit Margin | 9.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Useready Technology Private Limited, buy the company report.
Board of directors of Useready Technology Private Limited
Useready Technology has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Bakshi | Director | 19 Jan 2015 | 11 Years 9 Months | Current |
| Sanyukta Bakshi | Director | 04 Jun 2018 | 8 Years 5 Months | Current |
| Venkatraman Veerabhadra Hegde Also directs: Shreeraksha Labs Private Limited | Director | 21 Aug 2006 | 20 Years 2 Months | Current |
| Udaya Hegde | Director | 25 May 2007 | 19 Years 5 Months | Current |
Auditor
Useready Technology Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Useready Technology 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Useready Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2021 | 100517397 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Useready Technology Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Useready Technology Private Limited has 1 deal on record (1 secondary share transfer); the latest was in January 2016.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Suvip Solutions Inc Usa Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Useready Technology 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
Useready Technology Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 40 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Parkingrhino Online Services Private Limited | |||
| Digifortex Technologies Private Limited | |||
| Bhilwara Infotechnology Limited | |||
| an individual supplier |
To see the full MSME payment records of Useready Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Useready Technology Private Limited has a workforce of 280 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
280
Active EPFO establishments
1
Employee growth
1.45%
GST
Useready Technology has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCS2178L1ZO | Karnataka | Active | 01 Jul 2017 |
| 03AAKCS2178L1Z2 | Punjab | Active | 29 Apr 2022 |
| 06AAKCS2178L1ZW | Haryana | Active | 23 May 2022 |
To see the full GST registrations and return filing status of Useready Technology Private Limited, buy the company report.
Recent activity
Useready Technology Private Limited has 9 board changes on record since 2006: 4 appointments and 5 cessations. The latest: Gitanjali Nambiar Bakshi ceased to be Director on 04 Jun 2018.
AGM
Useready Technology Private Limited last Annual general meeting of members was held on 20 Nov 2025 as per latest MCA records.
Filing
Useready Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 10 Dec 2021 via Charge ID 100517397 with Hdfc Bank Limited was fully satisfied on 17 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100517397 was registered on 10 Dec 2021.
Ceased
Gitanjali Nambiar Bakshi ceased to be Director.
Appointed
Sanyukta Bakshi was appointed as Director.
Ceased
Lalit Bakshi ceased to be Additional Director.
Ceased
Kamala Venkatraman Hegde ceased to be Additional Director.
Appointed
Lalit Bakshi was appointed as Director.
Ceased
Jay Gattani ceased to be Director.
Ceased
Urmila Gattani ceased to be Director.
Appointed
Udaya Hegde was appointed as Director.
2 earlier events are in the company report.
News
Frequently asked questions
Useready Technology 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 21 August 2006 (20+ years old) and is registered under CIN U72100KA2006PTC040252.
Useready Technology has 4 current directors:
- Lalit Bakshi - Director
- Sanyukta Bakshi - Director
- Venkatraman Veerabhadra Hegde - Director
- Udaya Hegde - Director
The latest financial statements of Useready Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Useready Technology is 29AAKCS2178L1ZO, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 03AAKCS2178L1Z2 (Punjab), 06AAKCS2178L1ZW (Haryana).
The CIN (Corporate Identification Number) of Useready Technology is U72100KA2006PTC040252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Useready Technology was incorporated on 21 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Useready Technology has 1 deal on record (1 secondary share transfer); the latest was in January 2016.
Gitanjali Nambiar Bakshi ceased to be Director on 04 Jun 2018. Sanyukta Bakshi was appointed as Director on 04 Jun 2018. Lalit Bakshi ceased to be Additional Director on 22 Aug 2016. Useready Technology has 9 board changes on record in total.
Yes, Useready Technology is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0125464).
Useready Technology has 13 MSME Form 1 returns on record between 2019 and 2024, listing 40 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Useready Technology can be reached through the website useready.com. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages