MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0234029
Application Software Technologies Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹130.1 Cr
▲ 3% YoY
Net profit · FY 2025
₹11.03 Cr
Net margin 8.5%
EBITDA · FY 2025
₹15.59 Cr
EBITDA margin 12%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
392
Provident fund records
Directors on board
2
As per MCA filings
About Application Software Technologies Private Limited
Data last updated:
Application Software Technologies Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Serene Ast Llc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2011PTC140139. Its GSTIN is 27AAQCS0407C1ZL (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ast Private Limited and Serene India Software Services Private Limited. It is led by directors Akila Vasudevan and Vaibhav Sharad Gomkale.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Panchshil Business Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹130.1 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹11.03 Cr (net margin 8.5%) and EBITDA of ₹15.59 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 13% over five years.
The company has about 392 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Applications Software Technology. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2016. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Covalense Digital Solutions Private Limited with revenue of ₹131.61 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 29 overdue payments to 12 micro and small suppliers.
Application Software Technologies Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0234029). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website astcorporation.com.
Company details
CIN U72900PN2011PTC140139
Registration Number 140139
Incorporation Date 13 July 2011
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Serene Ast Llc
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0234029
Name history
Application Software Technologies has undergone 3 name changes throughout its history. The company was previously known as Ast Private Limited, Serene India Software Services Private Limited, and Application Software Technologies Private Limited. The current legal name is Application Software Technologies Private Limited.
| Company Name | Status |
|---|---|
| Application Software Technologies Private Limited | Current |
| Ast Private Limited | Previous |
| Serene India Software Services Private Limited | Previous |
Recognitions & Rankings of Application Software Technologies
Contact details
Application Software Technologies Private Limited's registered office is in Pune, Maharashtra. Its website is astcorporation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Tower B, Panchshil Business Park, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Application Software Technologies Private Limited, buy the company report.
Comprehensive company report
Application Software Technologies 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
Application Software Technologies operates one associated brand: Applications Software Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based enterprise integration and digital transformation services are provided. | astcorporation.com |
Business activity
The main business activity of Application Software Technologies 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 Application Software Technologies Private Limited, buy the company report.
Financials of Application Software Technologies Private Limited
FY 2025 filings availableApplication Software Technologies Private Limited reported revenue of ₹130.1 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹130.1 Cr ▲ 3%
Net profit · FY 2025
₹11.03 Cr margin 8.5%
EBITDA · FY 2025
₹15.59 Cr margin 12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 1%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▼ 5%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 3% growth in the latest year. EBITDA rose 4% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Expenses | |||||
| EBITDA | ₹15.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.03 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12% | ||||
| Net Profit Margin | 8.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Application Software Technologies Private Limited, buy the company report.
Board of directors of Application Software Technologies Private Limited
Application Software Technologies has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akila Vasudevan | Director | 18 Sep 2025 | 1 Years 1 Months | Current |
| Vaibhav Sharad Gomkale | Director | 18 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Application Software Technologies Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Covalense Digital Solutions Private Limited | ₹131.61 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| Cahead Info Technologies India Limited | ₹131.55 Cr (FY 2024) | 50.0% | Bangalore, Karnataka, India | |||
| Harvesting India Private Limited | ₹131.14 Cr (FY 2025) | -41.0% | Chandigarh, India | |||
| Viasat India Private Limited | ₹130.59 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Blaize New Computing Technologies India Private Limited | ₹130.49 Cr (FY 2025) | 45.0% | Hyderabad, Telangana, India | |||
| Application Software Technologies Private Limitedthis company | ₹130.1 Cr (FY 2025) | ₹11.03 Cr | 8.5% | 3.0% | 392 | Pune, Maharashtra, India |
| Impressico Business Solutions Private Limited | ₹129.56 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| HTC Holdings Private Limited | ₹129.55 Cr (FY 2025) | -13.0% | Chennai, Tamil Nadu, India | |||
| Brightly Software India Private Limited | ₹129.47 Cr (FY 2025) | 71.0% | Bangalore, Karnataka, India | |||
| Services Labs Software Private Limited | ₹129.22 Cr (FY 2025) | 58.0% | Chennai, Tamil Nadu, India | |||
| Yethi Consulting Private Limited | ₹129.03 Cr (FY 2024) | 31.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Application Software Technologies Private Limited, buy the company report.
Auditor
Application Software Technologies Private Limited is audited by M S K A & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2022 | 105047W |
Shareholding
The shareholding of Application Software Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Application Software Technologies Private Limited, buy the company report.
Deals & funding
Application Software Technologies Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2016.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Serene AST LLC Seller: Serene Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Application Software Technologies Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thanjavur, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Application Software Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Application Software Technologies Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 29 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| C Prompt Solutions Private Limited | |||
| New Vision Softcom and Consultancy Private Limited' | |||
| Ibu Consulting Private Limited | |||
| Abja Consulting Services LLP | |||
| an individual supplier |
To see the full MSME payment records of Application Software Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Application Software Technologies has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| CTR Technology Solutions Private Limited | U72900MH2010PTC209398 |
To see the full group structure of Application Software Technologies Private Limited, buy the company report.
Employees & EPFO
Application Software Technologies Private Limited has a workforce of 392 employees on its EPFO records as of Sep 2025, across 1 active EPFO establishment.
Employee count
392
Active EPFO establishments
1
Employee growth
-4.2%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 392 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Application Software Technologies Private Limited, buy the company report.
GST
Application Software Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS0407C1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Application Software Technologies Private Limited, buy the company report.
Recent activity
Application Software Technologies Private Limited has 12 board changes on record since 2015: 2 appointments and 10 cessations. The latest: Anil Rustgi ceased to be Director on 17 Dec 2025.
Ceased
Anil Rustgi ceased to be Director.
AGM
Application Software Technologies Private Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Appointed
Akila Vasudevan was appointed as Director.
Appointed
Vaibhav Sharad Gomkale was appointed as Director.
Filing
Application Software Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Justin Louis Winter ceased to be Additional Director.
Ceased
Scott Bradley Scaff ceased to be Additional Director.
Ceased
Shaji Zechariah ceased to be Director.
Ceased
Niken Dilipkumar Patel ceased to be Director.
Ceased
Paresh Naresh Kapadia ceased to be Director.
Ceased
Pravin Kumar ceased to be Additional Director.
Ceased
Vinay Saini ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Application Software Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 July 2011 (15+ years old) and is registered under CIN U72900PN2011PTC140139.
Application Software Technologies has 2 current directors:
- Akila Vasudevan - Director
- Vaibhav Sharad Gomkale - Director
The latest financial statements of Application Software Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Application Software Technologies is 27AAQCS0407C1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Application Software Technologies is U72900PN2011PTC140139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Application Software Technologies has 1 court case on record: 1 filed against it.
Application Software Technologies was incorporated on 13 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
Application Software Technologies has 1 deal on record (1 secondary share transfer); the latest was in March 2016.
The peers of Application Software Technologies by revenue are Covalense Digital Solutions Private Limited, Cahead Info Technologies India Limited, Harvesting India Private Limited, Viasat India Private Limited, Blaize New Computing Technologies India Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Anil Rustgi ceased to be Director on 17 Dec 2025. Akila Vasudevan was appointed as Director on 18 Sep 2025. Vaibhav Sharad Gomkale was appointed as Director on 18 Sep 2025. Application Software Technologies has 12 board changes on record in total.
Yes, Application Software Technologies is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0234029).
Application Software Technologies has 6 MSME Form 1 returns on record between 2019 and 2024, listing 29 overdue payments to 12 micro and small suppliers. The latest return was filed on 30 Apr 2024.
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