About Flowace Technologies Private Limited
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Flowace Technologies Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2018PTC318603. Its GSTIN is 27AADCF5977D1ZG (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.04 Lakh. It is led by directors Tarun Rajesh Kodnani and Varun Rajesh Kodnani.
Its last annual general meeting (AGM) was held on 09 January 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit – 116 Building No. 2(A – 3) Sector – 1 Millennium Business Park Mahape, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.63 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹4.64 Lakh (net margin -1.8%) and EBITDA of ₹4.57 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three 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 flowace.ai.
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- Registered AddressUnit – 116 Building No. 2(A – 3) Sector – 1 Millennium Business Park Mahape, Navi Mumbai, Maharashtra, India – 400710
- 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
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Business Activity of Flowace Technologies Private Limited
The main business activity of Flowace Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Flowace Technologies Private Limited FY 2024 filings available
Flowace Technologies Private Limited reported revenue of ₹2.63 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Flowace Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 40% over three years, including 12% growth in the latest year. EBITDA rose 178% 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 Flowace Technologies 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 | ₹4.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.64 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 Flowace Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.8% | •••• | •••• | •••• | •••• |
| 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 Flowace Technologies are in the company report.
Financial statements from FY 2019
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 Flowace Technologies Private Limited
Flowace Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Enginef India Technologies Private Limited | ₹2.64 Cr (FY 2018) | •••• | •••• | •••• | Thiruvananthapuram, Kerala, India | |
| Sarm Innovation Private Limited | ₹2.64 Cr (FY 2025) | •••• | •••• | 187.0% | •••• | Ahmedabad, Gujarat, India |
| Sapotech Solutions Private Limited | ₹2.63 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
| Shriv Commedia Solutions Private Limited | ₹2.63 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Starmesh Telematics Private Limited | ₹2.63 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Jaipur, Rajasthan, India |
| Flowace Technologies Private Limited this company | ₹2.63 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Navi Mumbai, Maharashtra, India |
| Quality Outside the Box Qobox Private Limited | ₹2.62 Cr (FY 2023) | •••• | •••• | •••• | Kanchipuram, Tamil Nadu, India | |
| Crewtec Infosol Private Limited | ₹2.62 Cr (FY 2023) | •••• | •••• | 1589.0% | •••• | Bangalore, Karnataka, India |
| Statfinity Private Limited | ₹2.62 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Indore, Madhya Pradesh, India |
| Navidium India Private Limited | ₹2.62 Cr (FY 2023) | •••• | •••• | -60.0% | •••• | Puthencruz, Kerala, India |
| Cloudspaces Software Solutions Private Limited | ₹2.62 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Flowace Technologies by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Flowace Technologies Private Limited
Flowace Technologies Private Limited is audited by MEENAKSHI MANISH JAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MEENAKSHI MANISH JAIN & ASSOCIATES | 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 Flowace Technologies Private Limited
Flowace Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Rajesh Kodnani | Director | 20 Dec 2018 | 7 Years 9 Months | Current |
| Varun Rajesh Kodnani | Director | 20 Dec 2018 | 7 Years 9 Months | Current |
Ownership and Shareholding of Flowace Technologies 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 Flowace Technologies Private Limited
Flowace Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Flowace Technologies Private Limited
Employment history and EPFO contributions of people linked to Flowace Technologies.
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 Flowace Technologies Private Limited
Flowace Technologies Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Tarun Rajesh Kodnani was appointed as Director on 20 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for Flowace Technologies 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 Flowace Technologies 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 Flowace Technologies 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 Flowace Technologies Private Limited
Flowace Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCF5977D1ZG | Maharashtra | Active | 31 Oct 2019 |
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 Flowace Technologies 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 Flowace Technologies Private Limited
Flowace Technologies is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 December 2018 (8+ years old) and is registered under CIN U72900MH2018PTC318603.
Flowace Technologies reported revenue of ₹2.63 Cr for FY 2024 (up 12% YoY).
Flowace Technologies has 2 current directors:
- Tarun Rajesh Kodnani - Director
- Varun Rajesh Kodnani - Director
Flowace Technologies reported a net loss of ₹4.64 Lakh (net margin -1.8%) and EBITDA of ₹4.57 Lakh (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flowace Technologies is 40% over three years. In the latest year (FY 2024) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Flowace Technologies is 27AADCF5977D1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Flowace Technologies is U72900MH2018PTC318603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flowace Technologies was incorporated on 20 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flowace Technologies by revenue are Enginef India Technologies Private Limited, Sarm Innovation Private Limited, Sapotech Solutions Private Limited, Shriv Commedia Solutions Private Limited, Starmesh Telematics Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Tarun Rajesh Kodnani was appointed as Director on 20 Dec 2018. Varun Rajesh Kodnani was appointed as Director on 20 Dec 2018.
Yes, Flowace Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).