About Sitics Technologies Private Limited
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Sitics Technologies Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2015PTC326604. Its GSTIN is 27AAFCV1618M1Z1 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.36 Lakh. It was formerly known as Vonken Technologies Private Limited. It is led by directors including Chandrasekaran Praneshkumar and Amit Mishra.
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 Office No.627 Bombay Oil Seeds Plot No.2/3/4 Sector – 19A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.7 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹2.96 Cr (net margin -385.5%) and EBITDA of -₹1.71 Cr (EBITDA margin -223.1%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 32% over five years.
The company is associated with 2 brands: Rolling Banners and QBit SCM. As per MCA filings, the company has open charges of ₹25 Lakh on record. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹2.14 Cr; the latest was in May 2021. Its 10 peer companies in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Adyog Software Solutions Private Limited with revenue of ₹76.82 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quifers.com.
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- Website
- Social MediaLocked
- Registered AddressOffice No.627 Bombay Oil Seeds Plot No.2/3/4 Sector – 19A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryInformation Technology, IT Consulting & Support 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
Business Activity of Sitics Technologies Private Limited
The main business activity of Sitics Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Sitics Technologies Private Limited FY 2024 filings available
Sitics Technologies Private Limited reported revenue of ₹76.7 Lakh (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sitics Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 33% fall in the latest year. EBITDA rose 5% 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 Sitics Technologies 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.96 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sitics Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -223.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -385.5% | •••• | •••• | •••• | •••• |
| 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 Sitics 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.
Peer Comparison of Sitics Technologies Private Limited
Sitics Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adyog Software Solutions Private Limited | ₹76.82 Lakh (FY 2020) | •••• | •••• | 63.0% | •••• | Chennai, Tamil Nadu, India |
| Apparrant Technologies Private Limited | ₹76.81 Lakh (FY 2021) | •••• | •••• | -13.0% | •••• | Delhi, India |
| Dotball Interactive Private Limited | ₹76.8 Lakh (FY 2020) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Congero Cloud Technology Private Limited | ₹76.8 Lakh (FY 2023) | •••• | •••• | 160.0% | •••• | Bengaluru, Karnataka, India |
| Mysa Innovations Private Limited | ₹76.77 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
| Sitics Technologies Private Limited this company | ₹76.7 Lakh (FY 2024) | •••• | •••• | -33.0% | •••• | Navi Mumbai, Maharashtra, India |
| Bto Webtech Solutions Private Limited | ₹76.61 Lakh (FY 2025) | •••• | •••• | 327.0% | •••• | Sagar, Madhya Pradesh, India |
| Fintota (OPC) Private Limited | ₹76.59 Lakh (FY 2023) | •••• | •••• | 296.0% | •••• | Mahendragarh, Haryana, India |
| Subiksham Software Solutions Private Limited | ₹76.59 Lakh (FY 2024) | •••• | •••• | 120.0% | •••• | Coimbatore, Tamil Nadu, India |
| Ashlax Technologies Private Limited | ₹76.59 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Ahmedabad, Gujarat, India |
| Arise Actsoft Technologies Private Limited | ₹76.58 Lakh (FY 2020) | •••• | •••• | -58.0% | •••• | Plagar, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Sitics Technologies by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Sitics Technologies Private Limited
Sitics Technologies Private Limited is audited by G. Joseph & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. Joseph & 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 Sitics Technologies Private Limited
Sitics Technologies has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrasekaran Praneshkumar Also directs: Udgam Logistics Private Limited, Sitics Consumer Solutions Private Limited, Sitics Logistic Solutions Private Limited and 2 more | Director | 04 Jun 2021 | 5 Years 4 Months | Current |
| Amit Mishra Also directs: Vonken Brandtech Private Limited, Capwise Nexus Private Limited | Director | 18 Sep 2015 | 11 Years 0 Months | Current |
| Haridas Thekkiveettil | Director | 04 Jun 2021 | 5 Years 4 Months | Current |
| Sikander Mammi Ambattuvalappil Also directs: Udgam Logistics Private Limited, Sitics Consumer Solutions Private Limited, Blueleaf Cyberspace Systems Private Limited and 2 more | Director | 04 Jun 2021 | 5 Years 4 Months | Current |
| Amit Bansal Also directs: Toflow Labs Private Limited, Vonken Brandtech Private Limited | Director | 18 Sep 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Sitics 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 Sitics Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Nov 2019 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Sitics Technologies Private Limited
Sitics Technologies Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹2.14 Cr; the latest was in May 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Acquisition | Undisclosed | Buyer: Sitics Logistic Solutions Private Limited |
| Feb 2020 | Funding round | ₹13.8 Lakh | Investors: Shell E4 Startup Hub |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Gainindia Advisors LLP |
| Oct 2015 | Funding round | ₹2 Cr | Investors: Smile Group, 3 individuals |
Full deal history
All 5 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 Sitics Technologies Private Limited
Sitics Technologies operates two associated brands: Rolling Banners and QBit SCM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It delivers comprehensive solutions of store development solution. | rollingbanners.in | |
| AI and cloud-based solutions for transportation management are provided. | qbitscm.ai |
Employees and EPFO Compliance at Sitics Technologies Private Limited
Employment history and EPFO contributions of people linked to Sitics 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.
CIN History of Sitics Technologies Private Limited
Sitics Technologies has one previous CIN (Corporate Identification Number): U72300UP2015PTC071552. The current CIN is U72300MH2015PTC326604, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300MH2015PTC326604 | Current |
| U72300UP2015PTC071552 | Previous |
Recent Activity on Sitics Technologies Private Limited
Sitics Technologies Private Limited has 10 board changes on record since 2015: 5 appointments and 5 cessations. The latest: Vikas Agarwal ceased to be Nominee Director on 14 Mar 2022.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sitics 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 Sitics 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 Sitics 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 Sitics Technologies Private Limited
Sitics Technologies has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV1618M1Z1 | Maharashtra | 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 Sitics 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 Sitics Technologies Private Limited
Sitics Technologies is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 23 June 2015 (11+ years old) and is registered under CIN U72300MH2015PTC326604.
Sitics Technologies reported revenue of ₹76.7 Lakh for FY 2024 (down 33% YoY).
Sitics Technologies has 5 current directors:
- Chandrasekaran Praneshkumar - Director
- Amit Mishra - Director
- Haridas Thekkiveettil - Director
- Sikander Mammi Ambattuvalappil - Director
- Amit Bansal - Director
Sitics Technologies reported a net loss of ₹2.96 Cr (net margin -385.5%) and EBITDA of -₹1.71 Cr (EBITDA margin -223.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sitics Technologies is -42% over three years and -32% over five years. In the latest year (FY 2024) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sitics Technologies is 27AAFCV1618M1Z1, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sitics Technologies is U72300MH2015PTC326604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitics Technologies was incorporated on 23 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Sitics Technologies has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹2.14 Cr; the latest was in May 2021.
The peers of Sitics Technologies by revenue are Adyog Software Solutions Private Limited, Apparrant Technologies Private Limited, Dotball Interactive Private Limited, Congero Cloud Technology Private Limited, Mysa Innovations Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Vikas Agarwal ceased to be Nominee Director on 14 Mar 2022. Chandrasekaran Praneshkumar was appointed as Director on 04 Jun 2021. Haridas Thekkiveettil was appointed as Director on 04 Jun 2021. Sitics Technologies has 10 board changes on record in total.