Initbit Technologies Private Limited

App development and digital services company based in Pune, Maharashtra since 2017.

2017 | Pune, Maharashtra (India) | Active
Last Updated:

Initbit Technologies Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 7 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 87.63%
  • Profit Growth -94.17%
  • Ebitda 273.77%
  • Net Worth 3.96%
  • Total Assets 178.28%

About Initbit Technologies

Initbit Technologies Private Limited (ITPL) is a Private Limited Indian Non-Government Company incorporated in India on 21 December 2017 (Seven years and two months 13 days old ). Its registered office is in Pune, Maharashtra, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ary Vashist and Raunak Kumar serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    initbit.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999PN2017PTC173962

  • Company No.

    173962

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Dec 2017

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

Who are the key members and board of directors at Initbit Technologies?

Board Members (2)

NameDesignationAppointment DateStatus
Raunak Kumar Country flag representing In Director 21-Dec-2017Current
Ary Vashist Country flag representing In Director 22-May-2019Current

Financial Performance of Initbit Technologies.

Initbit Technologies Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 87.63% increase. The company also saw a substantial fall in profitability, with a 94.17% decrease in profit. The company's net worth moved up by a moderate rise of 3.96%.

Initbit Technologies revenue growth over time
Initbit Technologies profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
87.63%
Revenue from Operations
87.63%
Total Assets
178.28%
Profit or Loss
-94.17%
Net Worth
3.96%
EBITDA
273.77%

What is the Ownership and Shareholding Structure of Initbit Technologies?

In 2018, Initbit Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Initbit Technologies?

Unlock and access historical data on people associated with Initbit Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Initbit Technologies Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Initbit Technologies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Initbit Technologies's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Initbit Technologies

Recent activity within the organization

  • Annual General Meeting

    Initbit Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Initbit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

  • Director Appointment

    Ary Vashist was appointed as a Director was appointed as a Director on 22 May 2019 & has been associated with this company since 5 years 9 months .

  • Director Appointment

    Raunak Kumar was appointed as a Director was appointed as a Director on 21 Dec 2017 & has been associated with this company since 7 years 2 months .

  • Company Incorporation

    Initbit Technologies Private Limited was registered on 21 Dec 2017 with Roc Pune & aged 7 years 2 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Initbit Technologies Private Limited?

    Initbit Technologies Private Limited was incorporated on 21 Dec 2017.

  • What is authorized share capital and paid-up capital of Initbit Technologies Private Limited?

    The authorized share capital of Initbit Technologies Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Who are the current board members & directors of Initbit Technologies Private Limited?

    Currently 2 directors are associated with Initbit Technologies Private Limited.

    • Ary Vashist
    • Raunak Kumar

  • What is the registered address of Initbit Technologies Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Initbit Technologies Private Limited is Office No 101 C-Wing Adora Society Vinode Vasti Wakad, India, Pune, Maharashtra, 411057.

  • What is the corporate identification number (CIN) and company number of Initbit Technologies Private Limited?

    The corporate identification number (CIN) of Initbit Technologies Private Limited is U74999PN2017PTC173962 and the company number is 173962 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Initbit Technologies Private Limited?

    The Official website of Initbit Technologies Private Limited is https://www.initbit.in

  • What has been the recent revenue trend for Initbit Technologies Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Initbit Technologies Private Limited has risen by 87.63%.

  • What change has been observed in the net worth of Initbit Technologies Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Initbit Technologies Private Limited has experienced an upsurge of 3.96%.

  • When was the last Balance Sheet of Initbit Technologies Private Limited filed with the ROC?

    The most recent Balance Sheet for Initbit Technologies Private Limited was filed with the ROC on 31 Mar 2024.

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