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Xygrow Technologies Private Limited - information technology in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.91 Lakh
▼ 63% YoY
Net loss · FY 2023
₹2,709
Net margin -0.7%
EBITDA · FY 2023
₹9,191
EBITDA margin 2.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.25 Lakh
Issued & subscribed
Satisfied charges
₹11 Lakh
No open charges
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
About Xygrow Technologies Private Limited
Data last updated:
Xygrow Technologies Private Limited is a private limited company based in Kolkata, West Bengal, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72900WB2017PTC219061. Its GSTIN is 19AAACX2209H1ZF (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.25 Lakh. It is led by directors Ashim Banerjee and Subhendu Gangopadhyay.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Flat No 2E Block B 25A Dr S C Banerjee Road, Kolkata, West Bengal, India – 700010.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.91 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹2,709 (net margin -0.7%) and EBITDA of ₹9,191 (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 28% over five years.
As per MCA filings, the company has satisfied charges of ₹11 Lakh on record.
Xygrow Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0013120). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xygrowtech.com.
Company details
CIN U72900WB2017PTC219061
Registration Number 219061
Incorporation Date 24 January 2017
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-WB-10-0013120
Recognitions & Rankings of Xygrow Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-WB-10-0013120
Contact details
Xygrow Technologies Private Limited's registered office is in Kolkata, West Bengal. Its website is xygrowtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 2E Block B 25A Dr S C Banerjee Road, Kolkata, West Bengal, India – 700010
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Xygrow Technologies Private Limited, buy the company report.
Comprehensive company report
Xygrow Technologies 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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Business activity
The main business activity of Xygrow Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Xygrow Technologies Private Limited
FY 2023 filings availableXygrow Technologies Private Limited reported revenue of ₹3.91 Lakh (down 63% YoY) for FY 2023.
Revenue · FY 2023
₹3.91 Lakh ▼ 63%
Net loss · FY 2023
₹2,709 margin -0.7%
EBITDA · FY 2023
₹9,191 margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 62%
5 years · compounded
▼ 28%
EBITDA CAGR growth
1 year
▲ 102%
3 years · compounded
▼ 72%
5 years · compounded
▼ 43%
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 63% fall in the latest year. EBITDA rose 102% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹9,191 | ||||
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| Net Profit (PAT) | -₹2,709 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Xygrow Technologies Private Limited, buy the company report.
Board of directors of Xygrow Technologies Private Limited
Xygrow Technologies has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashim Banerjee | Director | 24 Jan 2017 | 9 Years 9 Months | Current |
| Subhendu Gangopadhyay | Additional Director | 08 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Xygrow Technologies Private Limited is audited by K SARBADHIKARI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K SARBADHIKARI & CO | FY 2018 | 315150E |
Shareholding
The shareholding of Xygrow Technologies Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Xygrow Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹11 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2018 | 100223142 | Karnataka Bank Ltd. | ₹11 Lakh | Satisfied |
To see the full charge records of Xygrow Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Xygrow Technologies 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 Xygrow Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Xygrow Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACX2209H1ZF | West Bengal | Active | 21 Aug 2017 |
To see the full GST registrations and return filing status of Xygrow Technologies Private Limited, buy the company report.
Recent activity
Xygrow Technologies Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Lopamudra Banerjee ceased to be Additional Director on 08 Aug 2023.
AGM
Xygrow Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Ceased
Lopamudra Banerjee ceased to be Additional Director.
Appointed
Subhendu Gangopadhyay was appointed as Additional Director.
Filing
Xygrow Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
Charges
A charge registered on 06 Dec 2018 via Charge ID 100223142 with Karnataka Bank Ltd. was fully satisfied on 22 Oct 2021.
Ceased
Arindam Mukhopadhyay ceased to be Director.
Ceased
Subhendu Gangopadhyay ceased to be Director.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 11.00 Lakh with Charge ID 100223142 was registered on 06 Dec 2018.
Appointed
Ashim Banerjee was appointed as Director.
Incorporation
24 Jan 2017
Xygrow Technologies Private Limited was registered on 24 Jan 2017 with Roc Kolkata & aged 9 years 9 months as per MCA records.
Frequently asked questions
Xygrow Technologies is an active private limited company based in Kolkata, West Bengal, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 January 2017 (9+ years old) and is registered under CIN U72900WB2017PTC219061.
Xygrow Technologies has 2 current directors:
- Ashim Banerjee - Director
- Subhendu Gangopadhyay - Additional Director
The latest financial statements of Xygrow Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Xygrow Technologies is 19AAACX2209H1ZF, registered in West Bengal.
The CIN (Corporate Identification Number) of Xygrow Technologies is U72900WB2017PTC219061. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xygrow Technologies was incorporated on 24 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Kolkata.
Lopamudra Banerjee ceased to be Additional Director on 08 Aug 2023. Subhendu Gangopadhyay was appointed as Additional Director on 08 Aug 2023. Arindam Mukhopadhyay ceased to be Director on 10 Feb 2021. Xygrow Technologies has 5 board changes on record in total.
Yes, Xygrow Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Xygrow Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-WB-10-0013120).
Xygrow Technologies can be reached through the website xygrowtech.com. Its registered office is in Kolkata, West Bengal, India.