About Digifintax Solutions Private Limited
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Digifintax Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2016PTC287180. Its GSTIN is 27AAKCM6466F2Z3 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Maxfirst Choix Consultants Private Limited. It is led by directors Lalita Porwal (Managing Director) and Rajesh Porwal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.16 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹12 Lakh (net margin 5.6%) and EBITDA of ₹18.38 Lakh (EBITDA margin 8.5%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 24% 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 maxfirstchoix.com.
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- Registered Address602 6th Floor At Building, Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, IT Consulting & Support Services
- 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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Business Activity of Digifintax Solutions Private Limited
The main business activity of Digifintax Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Digifintax Solutions Private Limited FY 2024 filings available
Digifintax Solutions Private Limited reported revenue of ₹2.16 Cr (up 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Digifintax Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 54% growth in the latest year. EBITDA rose 90% 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 Digifintax Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹18.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12 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 Digifintax Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 Digifintax Solutions are in the company report.
Financial statements from FY 2017
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 Digifintax Solutions Private Limited
Digifintax Solutions Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Comply4hr Consultants Private Limited | ₹2.17 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Gurugram, Haryana, India |
| Nirna Technology Consulting Services Private Limited | ₹2.17 Cr (FY 2024) | •••• | •••• | 96.0% | •••• | Hyderabad, Telangana, India |
| Ventura Suceder Private Limited | ₹2.16 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Secunderabad, Telangana, India |
| Maheshsuchit Immigration Private Limited | ₹2.16 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Anand, Gujarat, India |
| Proficient Partners Consultancy Private Limited | ₹2.16 Cr (FY 2023) | •••• | •••• | -64.0% | •••• | Pune, Maharashtra, India |
| Digifintax Solutions Private Limited this company | ₹2.16 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Mumbai, Maharashtra, India |
| Cemza Business Solutions Private Limited | ₹2.16 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Navi Mumbai, Maharashtra, India |
| Careermakers Education Private Limited | ₹2.16 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Spera Digital Consulting Services Private Limited | ₹2.16 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| NBCC Engineering & Consultancy Limited | ₹2.16 Cr (FY 2020) | •••• | •••• | -53.0% | •••• | New Delhi, Delhi, India |
| Secret Supper Project Private Limited | ₹2.16 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Digifintax Solutions by revenue in the Outsourcing industry (Consulting Services), 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 Digifintax Solutions Private Limited
Digifintax Solutions Private Limited is audited by NAHATA MAHNOT & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAHATA MAHNOT & COMPANY | 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 Digifintax Solutions Private Limited
Digifintax Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalita Porwal | Managing Director | 27 Oct 2016 | 9 Years 11 Months | Current |
| Rajesh Porwal | Director | 27 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Digifintax 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 Digifintax Solutions Private Limited
Digifintax Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Digifintax Solutions Private Limited
Employment history and EPFO contributions of people linked to Digifintax 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 Digifintax Solutions Private Limited
Digifintax Solutions Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Lalita Porwal was appointed as Managing Director on 27 Oct 2016.
Credit Ratings, Litigation & Regulatory Alerts for Digifintax 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 Digifintax 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 Digifintax 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 Digifintax Solutions Private Limited
Digifintax Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM6466F2Z3 | Maharashtra | Active | 01 Jul 2017 |
| 08AAKCM6466F1Z4 | Rajasthan | Active | 15 Jan 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 Digifintax 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 Digifintax Solutions Private Limited
Digifintax Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 October 2016 (10+ years old) and is registered under CIN U72900MH2016PTC287180.
Digifintax Solutions reported revenue of ₹2.16 Cr for FY 2024 (up 54% YoY).
Digifintax Solutions has 2 current directors:
- Lalita Porwal - Managing Director
- Rajesh Porwal - Director
Digifintax Solutions reported a net profit of ₹12 Lakh (net margin 5.6%) and EBITDA of ₹18.38 Lakh (EBITDA margin 8.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Digifintax Solutions is 49% over three years and 24% over five years. In the latest year (FY 2024) revenue rose 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Digifintax Solutions is 27AAKCM6466F2Z3, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAKCM6466F1Z4 (Rajasthan).
The CIN (Corporate Identification Number) of Digifintax Solutions is U72900MH2016PTC287180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digifintax Solutions was incorporated on 27 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Digifintax Solutions by revenue are Comply4hr Consultants Private Limited, Nirna Technology Consulting Services Private Limited, Ventura Suceder Private Limited, Maheshsuchit Immigration Private Limited, Proficient Partners Consultancy Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Lalita Porwal was appointed as Managing Director on 27 Oct 2016. Rajesh Porwal was appointed as Director on 27 Oct 2016.
Digifintax Solutions can be reached through the website maxfirstchoix.com. Its registered office is in Mumbai, Maharashtra, India.