About Applied Software Private Limited
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Applied Software Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 October 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30009GJ1990PTC014549. Its GSTIN is 24AAACA9710A1ZD (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹28.88 Lakh. It is led by directors including Mihir Kiritkumar Parekh (Managing Director) and Kiritkumar Mathuradas Parekh (Whole-Time Director).
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 42 Tapovan Society 1st Floor Above Bank Of Baroda Nr Manekbaug Hall, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹74.09 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹34.01 Cr (net margin 45.9%) and EBITDA of ₹44.96 Cr (EBITDA margin 60.7%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 30% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WealthSpectrum. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wealthspectrum.com.
Company details
Contact details
Applied Software Private Limited's registered office is in Ahmedabad, Gujarat. Its website is wealthspectrum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address42 Tapovan Society 1st Floor Above Bank Of Baroda Nr Manekbaug Hall, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Applied Software 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
Brands
Applied Software operates one associated brand: WealthSpectrum. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Integrated software for portfolio, wealth, and investment fund management. | wealthspectrum.com |
Business activity
The main business activity of Applied Software 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 Applied Software Private Limited, buy the company report.
Financials of Applied Software Private Limited
FY 2025 filings availableApplied Software Private Limited reported revenue of ₹74.09 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 32% growth in the latest year. EBITDA rose 37% 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 |
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| EBITDA | ₹44.96 Cr | ||||
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| Net Profit (PAT) | ₹34.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 60.7% | ||||
| Net Profit Margin | 45.9% | ||||
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To see the full financial statements and ratios of Applied Software Private Limited, buy the company report.
Board of directors of Applied Software Private Limited
Applied Software has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Kiritkumar Parekh | Director | 17 Oct 1990 | 36 Years 0 Months | Current |
| Kiritkumar Mathuradas Parekh | Whole-Time Director | 17 Oct 1990 | 36 Years 0 Months | Current |
| Mihir Kiritkumar Parekh | Managing Director | 01 Oct 2000 | 26 Years 1 Months | Current |
| Gopi Mihir Parekh | Whole-Time Director | 14 May 2018 | 8 Years 5 Months | Current |
Auditor
Applied Software Private Limited is audited by TALATI & TALATI LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TALATI & TALATI LLP | FY 2023 | W100377 |
Shareholding
The shareholding of Applied Software 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 Applied Software Private Limited, buy the company report.
Deals & funding
Applied Software Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: Kiritkumar M Parekh HUF & Geeta K Parekh, 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Applied Software 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 Applied Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Applied Software Private Limited has a workforce of 38 employees on its EPFO records as of Dec 19, 2024, across 1 active EPFO establishment.
GST
Applied Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA9710A1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Applied Software Private Limited, buy the company report.
Recent activity
Applied Software Private Limited has 4 board changes on record since 1990: 4 appointments. The latest: Gopi Mihir Parekh was appointed as Whole-Time Director on 14 May 2018.
Frequently asked questions
Applied Software is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 October 1990 (36+ years old) and is registered under CIN U30009GJ1990PTC014549.
Applied Software has 4 current directors:
- Mihir Kiritkumar Parekh - Managing Director
- Kiritkumar Mathuradas Parekh - Whole-Time Director
- Gopi Mihir Parekh - Whole-Time Director
- Geeta Kiritkumar Parekh - Director
The latest financial statements of Applied Software 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 2015 are in the company report.
The GSTIN of Applied Software is 24AAACA9710A1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Applied Software is U30009GJ1990PTC014549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Applied Software was incorporated on 17 October 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Applied Software has 2 deals on record (2 secondary share transfers); the latest was in September 2024.
Gopi Mihir Parekh was appointed as Whole-Time Director on 14 May 2018. Mihir Kiritkumar Parekh was appointed as Managing Director on 01 Oct 2000. Geeta Kiritkumar Parekh was appointed as Director on 17 Oct 1990. Applied Software has 4 board changes on record in total.
Applied Software can be reached through the website wealthspectrum.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Applied Software is at 42 Tapovan Society 1st Floor Above Bank Of Baroda Nr Manekbaug Hall, Ahmedabad, Gujarat, India – 380015.
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