Aiway Solutions (India) Private Limited
About Aiway Solutions (India) Private Limited
Data last updated:
Aiway Solutions (India) Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Aiway Inc Usa. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 13 November 2013.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2013PTC093678. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.32 Lakh. It was led by directors Balaji Soundharrajan Kaveripak and Vijayaraghavan Kaveripakkam Soundarajan.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No.11/7 Jeevaratnam Nagar State Bank Officers Colony Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2018, the company reported a revenue of ₹76.03 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹9.12 Lakh (net margin -12%) and EBITDA of ₹2.42 Lakh (EBITDA margin 3.2%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
The company had about 35 employees on its provident fund (EPFO) records before it was struck off.
Company details
Contact details
Aiway Solutions (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.11/7 Jeevaratnam Nagar State Bank Officers Colony Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Aiway Solutions (India) Private Limited, buy the company report.
- 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
Business activity
The main business activity of Aiway Solutions (India) is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Aiway Solutions (India) Private Limited, buy the company report.
Financials of Aiway Solutions (India) Private Limited
FY 2018 filings availableAiway Solutions (India) Private Limited reported revenue of ₹76.03 Lakh (down 61% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 61% fall in the latest year. EBITDA rose 121% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹76.03 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.42 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.12 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.2% | |||
| Net Profit Margin | -12% | |||
| 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 | ||||
To see the full financial statements and ratios of Aiway Solutions (India) Private Limited, buy the company report.
Board of directors of Aiway Solutions (India) Private Limited
Aiway Solutions (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaji Soundharrajan Kaveripak | Director | 23 Dec 2013 | 12 Years 10 Months | As last reported |
| Vijayaraghavan Kaveripakkam Soundarajan | Director | 13 Nov 2013 | 12 Years 11 Months | As last reported |
Peer comparison
Aiway Solutions (India) Private Limited is compared with the 10 companies closest to it 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brudhu Technology Solutions Private Limited | ₹76.23 Lakh (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Automation Info Solutions Private Limited | ₹76.19 Lakh (FY 2025) | -58.0% | Mangalore, Karnataka, India | |||
| G3orbit Private Limited | ₹76.06 Lakh (FY 2025) | 313.0% | Chennai, Tamil Nadu, India | |||
| Os Infosolutions Private Limited | ₹76.05 Lakh (FY 2024) | 25.0% | Mumbai, Maharashtra, India | |||
| Softflame Solutions Private Limited | ₹76.04 Lakh (FY 2024) | 95.0% | Pune, Maharashtra, India | |||
| Aiway Solutions (India) Private Limitedthis company | ₹76.03 Lakh (FY 2018) | -₹9.12 Lakh | -12% | -61.0% | Chennai, Tamil Nadu, India | |
| Tanika Tech Jewels Private Limited | ₹75.82 Lakh (FY 2025) | 7.0% | Thane, Maharashtra, India | |||
| Aveon Infotech Private Limited | ₹75.68 Lakh (FY 2025) | -42.0% | Coimbatore, Tamil Nadu, India | |||
| Voicegear Network Technologies Private Limited | ₹75.67 Lakh (FY 2025) | -37.0% | Chennai, Tamil Nadu, India | |||
| Techgenius Innovations Private Limited | ₹75.63 Lakh (FY 2025) | 278.0% | Kozhikode, Kerala, India | |||
| Oberon Software Solutions Private Limited | ₹75.59 Lakh (FY 2025) | 40.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Aiway Solutions (India) Private Limited, buy the company report.
Auditor
Aiway Solutions (India) Private Limited is audited by ELLANTI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ELLANTI & CO | FY 2018 | 007623S |
Shareholding
The shareholding of Aiway Solutions (India) Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aiway Solutions (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Aiway Solutions (India) 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 Aiway Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aiway Solutions (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aiway Solutions (India) Private Limited, buy the company report.
Recent activity
Aiway Solutions (India) Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Arumugam Gopal ceased to be Director on 15 Dec 2014.
Frequently asked questions
Aiway Solutions (India) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Aiway Solutions (India) was a private limited company based in Chennai, Tamil Nadu, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 13 November 2013 and is registered under CIN U72900TN2013PTC093678. The company has been struck off by the Registrar of Companies and is no longer operational.
Aiway Solutions (India) had 2 directors:
- Balaji Soundharrajan Kaveripak - Director
- Vijayaraghavan Kaveripakkam Soundarajan - Director
The CIN (Corporate Identification Number) of Aiway Solutions (India) is U72900TN2013PTC093678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Aiway Solutions (India) is at No.117 Jeevaratnam Nagar State Bank Officers Colony Adyar, Chennai, Tamil Nadu, India – 600020.
Aiway Solutions (India) was incorporated on 13 November 2013. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Aiway Solutions (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Aiway Solutions (India) has 1 GST registration on record and it is cancelled or inactive.
Aiway Solutions (India) operated in the information technology industry, in the application development and software solutions segment. It worked in this industry before it was struck off.
The peers of Aiway Solutions (India) by revenue are Brudhu Technology Solutions Private Limited, Automation Info Solutions Private Limited, G3orbit Private Limited, Os Infosolutions Private Limited, Softflame Solutions Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Arumugam Gopal ceased to be Director on 15 Dec 2014. Balaji Soundharrajan Kaveripak ceased to be Additional Director on 01 Dec 2014. Balaji Soundharrajan Kaveripak was appointed as Director on 23 Dec 2013. Aiway Solutions (India) has 4 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
