About Bitsquad Software Private Limited
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Bitsquad Software Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U93090MP2017PTC043676. Its GSTIN is 23AABCZ1037A1Z1 (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.4 Lakh. It was formerly known as Zuesso Business Solutions Private Limited. It is led by directors Ashish Jadhav and Shashank Jadhav.
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 Indore, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.06 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹5.96 Lakh (net margin 2.9%) and EBITDA of ₹40.79 Lakh (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 360% 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 bitsquadsoftware.com.
Company details
Contact details
Bitsquad Software Private Limited's registered office is in Indore, Madhya Pradesh. Its website is bitsquadsoftware.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA&A Offices Plot No.78 1st Floor Scheme No.53, Ratan Lok Colony Near Medanta Hospital, Indore, Madhya Pradesh, India – 452010
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Bitsquad 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
Business activity
The main business activity of Bitsquad Software is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Bitsquad Software Private Limited, buy the company report.
Financials of Bitsquad Software Private Limited
FY 2025 filings availableBitsquad Software Private Limited reported revenue of ₹2.06 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 360% over five years, including 33% growth in the latest year. EBITDA rose 91% 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 | ₹40.79 Lakh | ||||
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| Net Profit (PAT) | ₹5.96 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 2.9% | ||||
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To see the full financial statements and ratios of Bitsquad Software Private Limited, buy the company report.
Board of directors of Bitsquad Software Private Limited
Bitsquad Software has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Jadhav | Director | 25 Feb 2025 | 1 Years 8 Months | Current |
| Shashank Jadhav | Director | 03 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Bitsquad Software Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Source for Swasth Technological Solutions Private Limited | ₹2.07 Cr (FY 2024) | 141.0% | Bangalore, Karnataka, India | |||
| DQ Dataqapps Technologies Private Limited | ₹2.07 Cr (FY 2024) | -11.0% | Bangalore, Karnataka, India | |||
| Shift Mobility Private Limited | ₹2.07 Cr (FY 2022) | -8.0% | New Delhi, Delhi, India | |||
| Ecross Technologies Private Limited | ₹2.07 Cr (FY 2025) | -24.0% | Bangalore, Karnataka, India | |||
| Myvaluepack Retail Private Limited | ₹2.06 Cr (FY 2024) | -44.0% | Mumbai, Maharashtra, India | |||
| Bitsquad Software Private Limitedthis company | ₹2.06 Cr (FY 2025) | ₹5.96 Lakh | 2.9% | 33.0% | Indore, Madhya Pradesh, India | |
| Etheric Technology Private Limited | ₹2.06 Cr (FY 2019) | 154.0% | Panchkula, Haryana, India | |||
| Neevai Supercloud Private Limited | ₹2.06 Cr (FY 2025) | 1286.0% | Indore, Madhya Pradesh, India | |||
| Lisam Systems India Private Limited | ₹2.05 Cr (FY 2025) | 29.0% | Dehradun, Uttarakhand, India | |||
| Hanker Systems (India) Private Limited | ₹2.05 Cr (FY 2024) | 37.0% | Hyderabad, Telangana, India | |||
| Ras Software Solutions Private Limited | ₹2.05 Cr (FY 2025) | 9.0% | Haryana, India |
To see the full peer comparison of Bitsquad Software Private Limited, buy the company report.
Auditor
Bitsquad Software Private Limited is audited by SANS & & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANS & & Co. | FY 2023 | 013807C |
Shareholding
The shareholding of Bitsquad 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Bitsquad Software Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bitsquad 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 Bitsquad Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bitsquad Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCZ1037A1Z1 | Madhya Pradesh | Active | 23 Jun 2023 |
To see the full GST registrations and return filing status of Bitsquad Software Private Limited, buy the company report.
Recent activity
Bitsquad Software Private Limited has 9 board changes on record since 2019: 2 appointments and 7 cessations. The latest: Ashish Jadhav ceased to be Additional Director on 29 Sep 2025.
Frequently asked questions
Bitsquad Software is an active private limited company based in Indore, Madhya Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 July 2017 (9+ years old) and is registered under CIN U93090MP2017PTC043676.
Bitsquad Software has 2 current directors:
- Ashish Jadhav - Director
- Shashank Jadhav - Director
The latest financial statements of Bitsquad 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 FY 2018 are in the company report.
The GSTIN of Bitsquad Software is 23AABCZ1037A1Z1, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Bitsquad Software is U93090MP2017PTC043676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bitsquad Software was incorporated on 07 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Bitsquad Software by revenue are Source for Swasth Technological Solutions Private Limited, DQ Dataqapps Technologies Private Limited, Shift Mobility Private Limited, Ecross Technologies Private Limited, Myvaluepack Retail Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Ashish Jadhav ceased to be Additional Director on 29 Sep 2025. Ashish Jadhav was appointed as Director on 25 Feb 2025. Shashank Jadhav ceased to be Additional Director on 29 Sep 2024. Bitsquad Software has 9 board changes on record in total.
Bitsquad Software can be reached through the website bitsquadsoftware.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Bitsquad Software is at A&A Offices Plot No.78 1st Floor Scheme No.53, Ratan Lok Colony Near Medanta Hospital, Indore, Madhya Pradesh, India – 452010.
Bitsquad Software operates in the information technology industry, in the IT consulting and support services segment.
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