Ashtvakra IT Solutions Limited
About Ashtvakra IT Solutions Limited
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Ashtvakra IT Solutions Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashtvakra Properties Private Limited. It operates in the software products and publishing segment of the software and technology sector. It was incorporated on 08 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2007PLC175824. Its GSTIN is 27AACCV6313N1Z0 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹10.05 Cr. It was formerly known as Vakrangee It Solutions Limited and V Techno Services Limited. It is led by directors including Ravindra Ganpat Mane (Managing Director) and Rahul Singh.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B 21B Master Mind Sn 169 (P) Royal Palms Estate Aray Colony Bhandup, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2022, the company reported a revenue of ₹28.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹12.51 Cr (net margin -44.6%) and EBITDA of -₹12.38 Cr (EBITDA margin -44.1%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ashtvakra IT Solutions has undergone 2 name changes throughout its history. The company was previously known as Vakrangee It Solutions Limited, and V Techno Services Limited. The current legal name is Ashtvakra It Solutions Limited.
| Company Name | Status |
|---|---|
| Ashtvakra IT Solutions Limited | Current |
| Vakrangee It Solutions Limited | Previous |
| V Techno Services Limited | Previous |
Contact details
Ashtvakra IT Solutions Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB 21B Master Mind Sn 169 (P) Royal Palms Estate Aray Colony Bhandup, Mumbai, Maharashtra, India – 400078
- IndustrySoftware, Software Publishing, Software Development
To see the full contact details of Ashtvakra IT Solutions 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 Ashtvakra IT Solutions is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Ashtvakra IT Solutions Limited, buy the company report.
Financials of Ashtvakra IT Solutions Limited
FY 2022 filings availableAshtvakra IT Solutions Limited reported revenue of ₹28.06 Cr (up 873% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 873% in the latest year. EBITDA fell 267% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹12.38 Cr | ||||
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| Net Profit (PAT) | -₹12.51 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -44.1% | ||||
| Net Profit Margin | -44.6% | ||||
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To see the full financial statements and ratios of Ashtvakra IT Solutions Limited, buy the company report.
Board of directors of Ashtvakra IT Solutions Limited
Ashtvakra IT Solutions has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Singh | Director | 11 Nov 2019 | 7 Years 0 Months | Current |
| Ravindra Ganpat Mane Also directs: Odathi Trading Private Limited, Prahalad Trading Private Limited, Chintamani Impex Private Limited and 2 more | Managing Director | 04 Dec 2020 | 5 Years 11 Months | Current |
| Ranjan Ramdas Gocher Also directs: Odathi Trading Private Limited, Prahalad Trading Private Limited, Chintamani Impex Private Limited and 2 more | Director | 26 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Ashtvakra IT Solutions Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Immunity Construction Private Limited | ₹28.59 Cr (FY 2025) | -24.0% | Panvel, Maharashtra, India | |||
| Domco Private Limited | ₹28.43 Cr (FY 2025) | -3.0% | Ranchi, Jharkhand, India | |||
| Metarock Private Limited | ₹28.41 Cr (FY 2024) | -19.0% | Kollam, Kerala, India | |||
| Dacss Granites Private Limited | ₹28.31 Cr (FY 2024) | -13.0% | Bangalore, Karnataka, India | |||
| Yulong Gattuwala Energy Solutions Private Limited | ₹28.2 Cr (FY 2025) | 956.0% | Akola, Maharashtra, India | |||
| Ashtvakra IT Solutions Limitedthis company | ₹28.06 Cr (FY 2022) | -₹12.51 Cr | -44.6% | 873.0% | Mumbai, Maharashtra, India | |
| Saptagiri Marbles Private Limited | ₹28.03 Cr (FY 2025) | 4.0% | Kishangarh, Rajasthan, India | |||
| Pushpalata Mining and Minerals Private Limited | ₹27.83 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Rishi Minerals and Ores India Private Limited | ₹27.64 Cr (FY 2024) | 61.0% | Bangalore, Karnataka, India | |||
| Mandovi Minerals Private Limited | ₹27.43 Cr (FY 2025) | 20.0% | Mangalore, Karnataka, India | |||
| Oriental Rock Products Private Limited | ₹27.29 Cr (FY 2025) | 2017.0% | Muvattupuzha, Kerala, India |
To see the full peer comparison of Ashtvakra IT Solutions Limited, buy the company report.
Auditor
Ashtvakra IT Solutions Limited is audited by N R Agrawal and Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N R Agrawal and Co. | FY 2016 | 100143W |
Shareholding
The shareholding of Ashtvakra IT Solutions Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashtvakra IT Solutions Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ashtvakra IT Solutions 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 Ashtvakra IT Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashtvakra IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV6313N1Z0 | Maharashtra | Active | 21 Nov 2019 |
To see the full GST registrations and return filing status of Ashtvakra IT Solutions Limited, buy the company report.
Recent activity
Ashtvakra IT Solutions Limited has 17 board changes on record since 2007: 3 appointments and 14 cessations. The latest: Ravindra Ganpat Mane ceased to be Additional Director on 17 Dec 2020.
8 earlier events are in the company report.
Frequently asked questions
Ashtvakra IT Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in software publishing, within the software industry. It was incorporated on 08 November 2007 (19+ years old) and is registered under CIN U72200MH2007PLC175824.
Ashtvakra IT Solutions has 3 current directors:
- Ravindra Ganpat Mane - Managing Director
- Rahul Singh - Director
- Ranjan Ramdas Gocher - Director
The latest financial statements of Ashtvakra IT Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashtvakra IT Solutions is 27AACCV6313N1Z0, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashtvakra IT Solutions is U72200MH2007PLC175824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtvakra IT Solutions was incorporated on 08 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashtvakra IT Solutions by revenue are Immunity Construction Private Limited, Domco Private Limited, Metarock Private Limited, Dacss Granites Private Limited, Yulong Gattuwala Energy Solutions Private Limited and 5 more, all in the same principal business activity (other mining & quarrying activities).
Ravindra Ganpat Mane ceased to be Additional Director on 17 Dec 2020. Ashok Kumar Gautam ceased to be Managing Director on 04 Dec 2020. Ravindra Ganpat Mane was appointed as Managing Director on 04 Dec 2020. Ashtvakra IT Solutions has 17 board changes on record in total.
The registered office of Ashtvakra IT Solutions is at B 21B Master Mind Sn 169 P Royal Palms Estate Aray Colony Bhandup, Mumbai, Maharashtra, India – 400078.
Ashtvakra IT Solutions operates in the software industry, in the software publishing segment.
The compliance status of Ashtvakra IT Solutions is compliant as of 28 August 2026. The company is actively filing with the Registrar of Companies.
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