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Algoiq Software Solutions Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹84.34 Lakh
▼ 9% YoY
Net loss · FY 2024
₹47.46 Lakh
Net margin -56.3%
EBITDA · FY 2024
-₹43.37 Lakh
EBITDA margin -51.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Algoiq Software Solutions Private Limited
Data last updated:
Algoiq Software Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, 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 17 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC348103. Its GSTIN is 27AAUCA2304A1Z3 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Darshan Mahendra Parekh and Yashvi Darshan Parekh.
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 1304 Floor 13 Daffodil Tower Chsl S V Road Chincholi Phatak Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2024, the company reported a revenue of ₹84.34 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹47.46 Lakh (net margin -56.3%) and EBITDA of -₹43.37 Lakh (EBITDA margin -51.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
The company is associated with 2 brands: TalkOptions and Algo IQ Software Solutions.
Algoiq Software Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0059578). For more details, the company can be reached via its website algoanalytiq.com.
Company details
CIN U72900MH2020PTC348103
Registration Number 348103
Incorporation Date 17 October 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0059578
Recognitions & Rankings of Algoiq Software Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0059578
Contact details
Algoiq Software Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is algoanalytiq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1304 Floor 13 Daffodil Tower Chsl S V Road Chincholi Phatak Malad West, Mumbai, Maharashtra, India – 400064
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Algoiq Software Solutions Private Limited, buy the company report.
Comprehensive company report
Algoiq Software Solutions 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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Brands
Algoiq Software Solutions operates two associated brands: TalkOptions and Algo IQ Software Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Options trading platform offering strategy tools and market analysis for users. | talkoptions.in | |
| Develops software tools and services for financial brokers and traders. | algoanalytiq.com |
Business activity
The main business activity of Algoiq Software Solutions 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 |
To see the full business activity and turnover split of Algoiq Software Solutions Private Limited, buy the company report.
Financials of Algoiq Software Solutions Private Limited
FY 2025 filings availableAlgoiq Software Solutions Private Limited reported revenue of ₹84.34 Lakh (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹84.34 Lakh ▼ 9%
Net loss · FY 2024
₹47.46 Lakh margin -56.3%
EBITDA · FY 2024
-₹43.37 Lakh margin -51.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▼ 163%
Revenue fell 9% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 31% 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 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | -₹43.37 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹47.46 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 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -51.4% | |||
| Net Profit Margin | -56.3% | |||
| 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 Algoiq Software Solutions Private Limited, buy the company report.
Board of directors of Algoiq Software Solutions Private Limited
Algoiq Software Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Mahendra Parekh | Director | 17 Oct 2020 | 6 Years 0 Months | Current |
| Yashvi Darshan Parekh | Director | 04 Jan 2024 | 2 Years 10 Months | Current |
Peer comparison
Algoiq Software Solutions Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Geektree Technologies Private Limited | ₹84.43 Lakh (FY 2016) | Pune, Maharashtra, India | ||||
| Ipact Tech Solutions Private Limited | ₹84.43 Lakh (FY 2024) | -38.0% | Bangalore, Karnataka, India | |||
| Ideative Digital Private Limited | ₹84.39 Lakh (FY 2015) | 121.0% | Hyderabad, Telangana, India | |||
| Algoiq Software Solutions Private Limitedthis company | ₹84.34 Lakh (FY 2024) | -₹47.46 Lakh | -56.3% | -9.0% | Mumbai, Maharashtra, India | |
| Gummula Infotech Private Limited | ₹84.28 Lakh (FY 2024) | 72.0% | Hyderabad, Telangana, India | |||
| Raider Data Services Private Limited | ₹84.26 Lakh (FY 2025) | -24.0% | Ludhiana, Punjab, India | |||
| Print2b Tech Private Limited | ₹84.23 Lakh (FY 2023) | 38.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Algoiq Software Solutions Private Limited, buy the company report.
Auditor
Algoiq Software Solutions Private Limited is audited by RAJENDRARAMNARAYANTRIVEDI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRARAMNARAYANTRIVEDI | FY 2023 | 035310 |
Shareholding
The shareholding of Algoiq Software Solutions Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Algoiq Software Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Algoiq Software Solutions 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 Algoiq Software Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Algoiq Software Solutions Private Limited has 1 active EPFO establishment as of Nov 12, 2026.
Active EPFO establishments
1
GST
Algoiq Software Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCA2304A1Z3 | Maharashtra | Active | 26 Nov 2020 |
| 24AAUCA2304A1Z9 | Gujarat | Active | 01 Feb 2021 |
To see the full GST registrations and return filing status of Algoiq Software Solutions Private Limited, buy the company report.
Recent activity
Algoiq Software Solutions Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Yashvi Darshan Parekh was appointed as Director on 04 Jan 2024.
AGM
Algoiq Software Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Algoiq Software Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Yashvi Darshan Parekh was appointed as Director.
Ceased
Avani Darshan Parekh ceased to be Director.
Appointed
Avani Darshan Parekh was appointed as Director.
Appointed
Darshan Mahendra Parekh was appointed as Director.
Incorporation
17 Oct 2020
Algoiq Software Solutions Private Limited was registered on 17 Oct 2020 with Roc Mumbai & aged 6 years 26 days as per MCA records.
Frequently asked questions
Algoiq Software Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 October 2020 (6+ years old) and is registered under CIN U72900MH2020PTC348103.
Algoiq Software Solutions has 2 current directors:
- Darshan Mahendra Parekh - Director
- Yashvi Darshan Parekh - Director
The latest financial statements of Algoiq Software Solutions 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 2021 are in the company report.
The GSTIN of Algoiq Software Solutions is 27AAUCA2304A1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAUCA2304A1Z9 (Gujarat).
The CIN (Corporate Identification Number) of Algoiq Software Solutions is U72900MH2020PTC348103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algoiq Software Solutions was incorporated on 17 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Algoiq Software Solutions by revenue are Geektree Technologies Private Limited, Ipact Tech Solutions Private Limited, Ideative Digital Private Limited, Gummula Infotech Private Limited, Raider Data Services Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Yashvi Darshan Parekh was appointed as Director on 04 Jan 2024. Avani Darshan Parekh ceased to be Director on 16 Oct 2023. Avani Darshan Parekh was appointed as Director on 17 Oct 2020. Algoiq Software Solutions has 4 board changes on record in total.
Yes, Algoiq Software Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Algoiq Software Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0059578).
Algoiq Software Solutions can be reached through the website algoanalytiq.com. Its registered office is in Mumbai, Maharashtra, India.
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