About Ashutec Solutions Private Limited
Data last updated:
Ashutec Solutions 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 02 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC097188. Its GSTIN is 24AAPCA5284L1Z6 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Milan Rameshchandra Saraiya and Deepti Milan Saraiya.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.52 Lakh, a growth of 32% compared to the previous year. For the same year it recorded a net loss of ₹11.32 Lakh (net margin -13.6%) and EBITDA of -₹10.61 Lakh (EBITDA margin -12.7%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashutec.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1204 Block – C Stratum @ Venus Ground, Nr. Jhansi Ki Rani Statue Nehrunagar, Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Ashutec Solutions Private Limited
The main business activity of Ashutec Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ashutec Solutions Private Limited FY 2025 filings available
Ashutec Solutions Private Limited reported revenue of ₹83.52 Lakh (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ashutec Solutions Private Limited
Revenue rose 32% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 77% 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 of Ashutec Solutions Private Limited
| Metrics | FY 2024-25 | 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 | -₹10.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.32 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 of Ashutec Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -13.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashutec Solutions are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ashutec Solutions Private Limited
Ashutec Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zilj Tech Private Limited | ₹83.57 Lakh (FY 2025) | •••• | •••• | -11.0% | •••• | Paravur, Kerala, India |
| Patiraji Engicom Private Limited | ₹83.57 Lakh (FY 2025) | •••• | •••• | 356.0% | •••• | Panvel, Maharashtra, India |
| Rad Softech Private Limited | ₹83.56 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Secunderabad, Telangana, India |
| N G G T Infotek Private Limited | ₹83.55 Lakh (FY 2025) | •••• | •••• | 731.0% | •••• | Bangalore, Karnataka, India |
| Himanshu Support Services (OPC) Private Limited | ₹83.54 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Ashutec Solutions Private Limited this company | ₹83.52 Lakh (FY 2025) | •••• | •••• | 32.0% | •••• | Ahmedabad, Gujarat, India |
| Anala Automotive Private Limited | ₹83.5 Lakh (FY 2024) | •••• | •••• | -13.0% | •••• | Hosur, Tamil Nadu, India |
| Like Way Skills Consultancy and Solution Private Limited | ₹83.47 Lakh (FY 2024) | •••• | •••• | 246.0% | •••• | Kolkata, West Bengal, India |
| Amityeco Renew Private Limited | ₹83.44 Lakh (FY 2025) | •••• | •••• | 428.0% | •••• | Hyderabad, Telangana, India |
| British Engineers Private Limited | ₹83.4 Lakh (FY 2024) | •••• | •••• | 51.0% | •••• | Delhi, India |
| Bonhomie Home & Office Interiors Private Limited | ₹83.4 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Ashutec Solutions by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashutec Solutions Private Limited
Ashutec Solutions Private Limited is audited by VIJAY V MADAT & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY V MADAT & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ashutec Solutions Private Limited
Ashutec Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milan Rameshchandra Saraiya | Director | 02 May 2017 | 9 Years 5 Months | Current |
| Deepti Milan Saraiya | Director | 02 May 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Ashutec Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ashutec Solutions Private Limited
Ashutec Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ashutec Solutions Private Limited
Employment history and EPFO contributions of people linked to Ashutec Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ashutec Solutions Private Limited
Ashutec Solutions Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Deepti Milan Saraiya was appointed as Director on 02 May 2017.
Credit Ratings, Litigation & Regulatory Alerts for Ashutec Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ashutec Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ashutec Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ashutec Solutions Private Limited
Ashutec Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA5284L1Z6 | Gujarat | Active | 20 Apr 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ashutec Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ashutec Solutions Private Limited
Ashutec Solutions 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 02 May 2017 (9+ years old) and is registered under CIN U72900GJ2017PTC097188.
Ashutec Solutions reported revenue of ₹83.52 Lakh for FY 2025 (up 32% YoY).
Ashutec Solutions has 2 current directors:
- Milan Rameshchandra Saraiya - Director
- Deepti Milan Saraiya - Director
Ashutec Solutions reported a net loss of ₹11.32 Lakh (net margin -13.6%) and EBITDA of -₹10.61 Lakh (EBITDA margin -12.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashutec Solutions is -33% over three years and -15% over five years. In the latest year (FY 2025) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashutec Solutions is 24AAPCA5284L1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Ashutec Solutions is U72900GJ2017PTC097188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashutec Solutions was incorporated on 02 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashutec Solutions by revenue are Zilj Tech Private Limited, Patiraji Engicom Private Limited, Rad Softech Private Limited, N G G T Infotek Private Limited, Himanshu Support Services (OPC) Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Deepti Milan Saraiya was appointed as Director on 02 May 2017. Milan Rameshchandra Saraiya was appointed as Director on 02 May 2017.
Ashutec Solutions can be reached through the website ashutec.com. Its registered office is in Ahmedabad, Gujarat, India.