Sourcebits Technologies Private Limited

IT design and development services for software, hardware, and programs.

2006 | Bangaluru, Karnataka (India) | Active
Last Updated:

Sourcebits Technologies Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 5.43 M
  • Company Age 18 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -53.94%
  • Profit Growth -80.17%
  • Ebitda -80.61%
  • Net Worth 5.45%
  • Total Assets 2.05%

About Sourcebits Technologies

Sourcebits Technologies Private Limited (STPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 April 2006 and has a history of 18 years and ten months. Its registered office is in Bangaluru, Karnataka, 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 1.00 Cr and a paid-up capital of Rs 5.43 M, as per Ministry of Corporate Affairs (MCA) records.

Velayudhan Nair and Viral Vora serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2006PTC039143

  • Company No.

    039143

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Apr 2006

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Sourcebits Technologies Private Limited offer?

Sourcebits Technologies Private Limited offers a wide range of products and services, including Research and Development (R&D) Work, Product Development Research.

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

Board Members (2)

NameDesignationAppointment DateStatus
Velayudhan Nair Country flag representing In Director 26-Apr-2017Current
Viral Vora Country flag representing In Director 26-Apr-2017Current

Financial Performance of Sourcebits Technologies.

Sourcebits Technologies Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 53.94% decrease. The company also saw a substantial fall in profitability, with a 80.17% decrease in profit. The company's net worth moved up by a moderate rise of 5.45%.

Sourcebits Technologies revenue growth over time
Sourcebits 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
-53.94%
Revenue from Operations
-55.68%
Total Assets
2.05%
Profit or Loss
-80.17%
Net Worth
5.45%
EBITDA
-80.61%

What is the Ownership and Shareholding Structure of Sourcebits Technologies?

In 2022, Sourcebits 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 Sourcebits Technologies?

Sourcebits Technologies has a workforce of 15 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Sourcebits Technologies Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sourcebits 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 Sourcebits 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 Sourcebits Technologies

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Director Appointment

    Velayudhan Krishnan Nair was appointed as a Director was appointed as a Director on 26 Apr 2017 & has been associated with this company since 7 years 10 months .

  • Director Appointment

    Viral Champaklal Vora was appointed as a Director was appointed as a Director on 26 Apr 2017 & has been associated with this company since 7 years 10 months .

  • Company Incorporation

    Sourcebits Technologies Private Limited was registered on 27 Apr 2006 with Roc Bangalore & aged 18 years 10 months as per MCA records.

Frequently asked questions

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

    Sourcebits Technologies Private Limited was incorporated on 27 Apr 2006.

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

    The authorized share capital of Sourcebits Technologies Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 5.43 M.

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

    Currently 2 directors are associated with Sourcebits Technologies Private Limited.

    • Velayudhan Krishnan Nair
    • Viral Champaklal Vora

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Sourcebits Technologies Private Limited is 170-172 Phase 2 Epip Whitefield, India, Bangalore, Karnataka, 560066.

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

    The corporate identification number (CIN) of Sourcebits Technologies Private Limited is U72200KA2006PTC039143 and the company number is 039143 as per Ministry of Corporate Affairs (MCA).

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

    The Official website of Sourcebits Technologies Private Limited is https://www.ascendum.com

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Sourcebits Technologies Private Limited has fallen by -53.94%.

  • How many employees does Sourcebits Technologies Private Limited currently have?

    As Per 2022 financial reports, 15 employees are currently employed by Sourcebits Technologies Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Sourcebits Technologies Private Limited has experienced an upsurge of 5.45%.

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

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

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