About Adaps IT Private Limited
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Adaps IT Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2016PTC113439. Its GSTIN is 36AADCJ8444P1ZW (Telangana).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Jan Miguel Persson & Associates Private Limited. It is led by directors including Rajesh Reddy Solleti and Murali Krishna Nelabhotla.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.79 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹37.78 Lakh (net margin 3.5%) and EBITDA of ₹52.88 Lakh (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 19% over five years.
The company has about 81 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adaps.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adaps.com.au.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 2 (1A) 2nd Floor Divyasree Trinity, Phase 3 Plot No. 6 Survey No. 64 Hitec City Serilingampally, Hyderabad, Telangana, India – 500081
- 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
Associated Brands
Adaps IT operates one associated brand: Adaps. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT services including development, consulting, and testing for various sectors. | adaps.com.au |
Business Activity
The main business activity of Adaps IT is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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
Financials of Adaps IT Private Limited
FY 2025 filings availableAdaps IT Private Limited reported revenue of ₹10.79 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 58% 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 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹52.88 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹37.78 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.9% | |
| Net Profit Margin | 3.5% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Adaps IT are in the company report.
: available in the company report
Board of Directors of Adaps IT Private Limited
Adaps IT has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Reddy Solleti | Director | 29 May 2020 | 6 Years 4 Months | Current |
| Murali Krishna Nelabhotla Also directs: Adaps India Private Limited, Adaps Digitale Private Limited | Director | 22 Apr 2022 | 4 Years 6 Months | Current |
| Kashmeera Reddy Kunduru | Director | 26 Sep 2017 | 9 Years 0 Months | Current |
| Srinivasa Subramanya Bhrama Anand Tatavarthi Also directs: Adaps India Private Limited, Adaps Digitale Private Limited | Director | 15 Dec 2016 | 9 Years 10 Months | Current |
Peer Comparison
Adaps IT Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Functionize Software Private Limited | ₹10.83 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | New Delhi, Delhi, India |
| Evolveware Information Technology (India) Private Limited | ₹10.82 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Effone Technologies Private Limited | ₹10.81 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Adaps IT Private Limited this company | ₹10.79 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Hyderabad, Telangana, India |
| Daytona Systems (India) Private Limited | ₹10.78 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| Rits Consulting & Technologies Private Limited | ₹10.75 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Hosur, Tamil Nadu, India |
| Mankara Software Services Private Limited | ₹10.72 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Entytle India Private Limited | ₹10.69 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
Peers are the companies nearest to Adaps IT by revenue, above and below it, in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related 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
Adaps IT Private Limited is audited by C K S ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C K S ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Adaps IT Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Adaps IT Private Limited has a workforce of 81 employees as of Apr 06, 2024.
: available in the company report
Recent Activity
Adaps IT Private Limited has 9 board changes on record since 2016: 4 appointments and 5 cessations. The latest: Murali Krishna Nelabhotla ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Adaps IT has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCJ8444P1ZW | Telangana | Active | 07 Dec 2018 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Adaps IT is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 December 2016 (10+ years old) and is registered under CIN U74999TG2016PTC113439.
Adaps IT has 4 current directors:
- Rajesh Reddy Solleti - Director
- Murali Krishna Nelabhotla - Director
- Kashmeera Reddy Kunduru - Director
- Srinivasa Subramanya Bhrama Anand Tatavarthi - Director
The latest financial statements of Adaps IT on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Adaps IT is 36AADCJ8444P1ZW, registered in Telangana.
The CIN (Corporate Identification Number) of Adaps IT is U74999TG2016PTC113439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adaps IT was incorporated on 15 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Adaps IT by revenue are Functionize Software Private Limited, Evolveware Information Technology (India) Private Limited, Effone Technologies Private Limited, Daytona Systems (India) Private Limited, Rits Consulting & Technologies Private Limited and 2 more, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Murali Krishna Nelabhotla ceased to be Additional Director on 30 Sep 2022. Murali Krishna Nelabhotla was appointed as Director on 22 Apr 2022. Rajesh Reddy Solleti ceased to be Additional Director on 17 Aug 2020. Adaps IT has 9 board changes on record in total.
Adaps IT can be reached through the website adaps.com.au. Its registered office is in Hyderabad, Telangana, India.
The registered office of Adaps IT is at Office No. 2 1A 2nd Floor Divyasree Trinity, Phase 3 Plot No. 6 Survey No. 64 Hitec City Serilingampally, Hyderabad, Telangana, India – 500081.
Adaps IT operates in the information technology industry, in the application development and software solutions segment.