About Ibaset India Software Private Limited
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Ibaset India Software Private Limited is a foreign private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ibaset Inc, Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2014FTC081517. Its GSTIN is 24AADCI7183G1ZJ (Gujarat).
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹90 Lakh. It is led by directors including Viresh Chandravadan Shah and Ladeira Poonian.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Corporate House No. 11/3 Magnet Corporate Park Near Sola Bridge S.G. Road Thaltej, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.06 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹4.05 Cr (net margin 11.2%) and EBITDA of ₹5.72 Cr (EBITDA margin 15.9%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 18% over five years.
The company has about 134 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iBASEt.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ibaset.com.
Company details
Contact details
Ibaset India Software Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ibaset.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCorporate House No. 11/3 Magnet Corporate Park Near Sola Bridge S.G. Road Thaltej, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ibaset India 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
Brands
Ibaset India Software operates one associated brand: iBASEt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive MES, MRO, and quality management software solutions. | ibaset.com |
Business activity
The main business activity of Ibaset India Software is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Ibaset India Software Private Limited, buy the company report.
Financials of Ibaset India Software Private Limited
FY 2025 filings availableIbaset India Software Private Limited reported revenue of ₹36.06 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 12% growth in the latest year. EBITDA rose 9% 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 | ₹5.72 Cr | ||||
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| Net Profit (PAT) | ₹4.05 Cr | ||||
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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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| EBITDA Margin | 15.9% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Ibaset India Software Private Limited, buy the company report.
Board of directors of Ibaset India Software Private Limited
Ibaset India Software has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viresh Chandravadan Shah | Director | 09 Aug 2017 | 9 Years 2 Months | Current |
| Ladeira Poonian | Director | 11 Dec 2014 | 11 Years 10 Months | Current |
| Naveen Singh Poonian | Director | 11 Dec 2014 | 11 Years 10 Months | Current |
| Yakub Mohmedbhai Imani | Director | 11 Dec 2014 | 11 Years 10 Months | Current |
| Charlemagne Abalos Velasquez | Additional Director | 03 Jun 2026 | 0 Years 4 Months | Current |
Peer comparison
Ibaset India Software Private Limited is compared with the 10 companies closest to it 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veripark Software Private Limited | ₹36.5 Cr (FY 2025) | 62.0% | Hyderabad, Telangana, India | |||
| Avrlite Games Private Limited | ₹36.33 Cr (FY 2024) | 122.0% | Basopatti, Bihar, India | |||
| Rendered Ideas Softgame Private Limited | ₹36.24 Cr (FY 2025) | 6.0% | Thane, Maharashtra, India | |||
| Intriskelion Labs Private Limited | ₹36.23 Cr (FY 2025) | -40.0% | Bangalore, Karnataka, India | |||
| Hizpay Technologies Private Limited | ₹36.2 Cr (FY 2025) | 100.0% | Taliparamba, Kerala, India | |||
| Ibaset India Software Private Limitedthis company | ₹36.06 Cr (FY 2025) | ₹4.05 Cr | 11.2% | 12.0% | 134 | Ahmedabad, Gujarat, India |
| GSR Business Services Private Limited | ₹35.97 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Infinite Locus Private Limited | ₹35.96 Cr (FY 2025) | 30.0% | Kanpur, Uttar Pradesh, India | |||
| Navayuga Infotech Private Limited | ₹35.88 Cr (FY 2018) | -29.0% | Hyderabad, Telangana, India | |||
| Rltech India Private Limited | ₹35.81 Cr (FY 2025) | -16.0% | Noida, Uttar Pradesh, India | |||
| Robin Software Development Center India Private Limited | ₹35.73 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ibaset India Software Private Limited, buy the company report.
Auditor
Ibaset India Software Private Limited is audited by B S R & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Associates LLP | FY 2024 | 116231W |
Shareholding
The shareholding of Ibaset India Software Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Ibaset India Software Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ibaset India 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 Ibaset India Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ibaset India Software Private Limited has a workforce of 134 employees on its EPFO records as of Aug 26, 2025, across 1 active EPFO establishment.
GST
Ibaset India Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCI7183G1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ibaset India Software Private Limited, buy the company report.
Recent activity
Ibaset India Software Private Limited has 5 board changes on record since 2014: 5 appointments. The latest: Charlemagne Abalos Velasquez was appointed as Additional Director on 03 Jun 2026.
News
Frequently asked questions
Ibaset India Software is an active foreign 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 11 December 2014 (12+ years old) and is registered under CIN U72900GJ2014FTC081517.
Ibaset India Software has 5 current directors:
- Viresh Chandravadan Shah - Director
- Ladeira Poonian - Director
- Naveen Singh Poonian - Director
- Yakub Mohmedbhai Imani - Director
- Charlemagne Abalos Velasquez - Additional Director
The latest financial statements of Ibaset India Software on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ibaset India Software is 24AADCI7183G1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Ibaset India Software is U72900GJ2014FTC081517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibaset India Software was incorporated on 11 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ibaset India Software by revenue are Veripark Software Private Limited, Avrlite Games Private Limited, Rendered Ideas Softgame Private Limited, Intriskelion Labs Private Limited, Hizpay Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Charlemagne Abalos Velasquez was appointed as Additional Director on 03 Jun 2026. Viresh Chandravadan Shah was appointed as Director on 09 Aug 2017. Ladeira Poonian was appointed as Director on 11 Dec 2014. Ibaset India Software has 5 board changes on record in total.
Ibaset India Software can be reached through the website ibaset.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ibaset India Software is at Corporate House No. 113 Magnet Corporate Park Near Sola Bridge S.G. Road Thaltej, Ahmedabad, Gujarat, India – 380054.
Ibaset India Software operates in the information technology industry, in the application development and software solutions segment.
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