Verute Technologies Private Limited
About Verute Technologies Private Limited
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Verute Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 September 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2022PTC165981. Its GSTIN is 29AAICV9775C1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹18,080. It is led by directors Amritanshu Jain and Devansh Ghatak.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 133/2 4th Floor Janardhan Towers Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.3 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹67.42 Lakh (net margin -110%) and EBITDA of -₹65.97 Lakh (EBITDA margin -107.6%).
The company is associated with 1 brand: SimpliSmart. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹118.43 Cr; the latest was in October 2024. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is SHNC India Communications Private Limited with revenue of ₹61.45 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address133/2 4th Floor Janardhan Towers Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Verute Technologies Private Limited
The main business activity of Verute 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.
Financials of Verute Technologies Private Limited FY 2025 filings available
Verute Technologies Private Limited reported revenue of ₹61.3 Lakh (up 30648359% YoY) for FY 2024.
Financial Statement Summary of Verute Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | -₹65.97 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹67.42 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 Verute Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -107.6% | •••• |
| Net Profit Margin | -110% | •••• |
| 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 Verute Technologies are in the company report.
Financial statements from FY 2023
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.
Peer Comparison of Verute Technologies Private Limited
Verute Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SHNC India Communications Private Limited | ₹61.45 Lakh (FY 2024) | •••• | •••• | 605.0% | •••• | Delhi, India |
| Southern Phone Technology Private Limited | ₹61.45 Lakh (FY 2021) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Netsoft IT Solutions Private Limited | ₹61.4 Lakh (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Eskertech Solutions Private Limited | ₹61.33 Lakh (FY 2024) | •••• | •••• | 65.0% | •••• | Chennai, Tamil Nadu, India |
| I Pay Total Private Limited | ₹61.3 Lakh (FY 2024) | •••• | •••• | -87.0% | •••• | Noida, Uttar Pradesh, India |
| Verute Technologies Private Limited this company | ₹61.3 Lakh (FY 2024) | •••• | •••• | 30648359.0% | •••• | Bangalore, Karnataka, India |
| TDKR Technologies Private Limited | ₹61.28 Lakh (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Edgeup Solutions Private Limited | ₹61.28 Lakh (FY 2022) | •••• | •••• | 54.0% | •••• | Pune, Maharashtra, India |
| Clubmall Internet Private Limited | ₹61.28 Lakh (FY 2024) | •••• | •••• | 10.0% | •••• | Jaipur, Rajasthan, India |
| Netroxe IT Solutions Private Limited | ₹61.26 Lakh (FY 2025) | •••• | •••• | 128.0% | •••• | Thiruvananthapuram, Kerala, India |
| Eventstub Technologies Private Limited | ₹61.26 Lakh (FY 2025) | •••• | •••• | 80.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Verute Technologies by revenue in the same principal business activity (Other information & communication service activities), 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 Verute Technologies Private Limited
Verute Technologies Private Limited is audited by Rakesha and Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rakesha and 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.
Board of Directors of Verute Technologies Private Limited
Verute Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amritanshu Jain | Director | 12 Sep 2022 | 4 Years 0 Months | Current |
| Devansh Ghatak | Director | 12 Sep 2022 | 4 Years 0 Months | Current |
Ownership and Shareholding of Verute Technologies 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 Verute Technologies Private Limited
Verute Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Verute Technologies Private Limited
Verute Technologies Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹118.43 Cr; the latest was in October 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Funding round · Series A | ₹58.85 Cr | Investors: Accel India, Shastra VC (Veda Venture Capital), Titan Capital, an individual |
| Aug 2024 | Funding round | Undisclosed | Investors: an individual |
| Jul 2024 | Funding round | ₹58.46 Cr | Investors: Accel India |
| Oct 2022 | Funding round · Seed | ₹1.12 Cr | Investors: Anicut Angel Fund, Sunn91 Ventures |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Verute Technologies Private Limited
Verute Technologies operates one associated brand: SimpliSmart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform for machine learning model training and deployment is offered. | simplismart.ai |
Employees and EPFO Compliance at Verute Technologies Private Limited
Verute Technologies Private Limited has a workforce of 0 employees as of Apr 09, 2024.
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 Verute Technologies Private Limited
Verute Technologies Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Amritanshu Jain was appointed as Director on 12 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Verute 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 Verute 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 Verute 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.
GST Compliance of Verute Technologies Private Limited
Verute Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICV9775C1ZP | Karnataka | Active | 21 Sep 2022 |
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 Verute 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.
Frequently Asked Questions about Verute Technologies Private Limited
Verute Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 September 2022 (4+ years old) and is registered under CIN U72200KA2022PTC165981.
Verute Technologies reported revenue of ₹61.3 Lakh for FY 2024 (up 30648359% YoY).
Verute Technologies has 2 current directors:
- Amritanshu Jain - Director
- Devansh Ghatak - Director
Verute Technologies reported a net loss of ₹67.42 Lakh (net margin -110%) and EBITDA of -₹65.97 Lakh (EBITDA margin -107.6%) for FY 2024, as per its filed financial statements.
The GSTIN of Verute Technologies is 29AAICV9775C1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Verute Technologies is U72200KA2022PTC165981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verute Technologies was incorporated on 12 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Verute Technologies has 4 deals on record (4 funding rounds), with disclosed funding of ₹118.43 Cr; the latest was in October 2024.
The peers of Verute Technologies by revenue are SHNC India Communications Private Limited, Southern Phone Technology Private Limited, Netsoft IT Solutions Private Limited, Eskertech Solutions Private Limited, I Pay Total Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Amritanshu Jain was appointed as Director on 12 Sep 2022. Devansh Ghatak was appointed as Director on 12 Sep 2022.
The registered office of Verute Technologies is at 1332 4th Floor Janardhan Towers Residency Road, Bangalore, Karnataka, India – 560025.