Startup India Government of India
Ideamachine Private Limited - financial services in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹604
Latest filing
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2025
Balance sheet date
About Ideamachine Private Limited
Data last updated:
Ideamachine Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 22 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2021PTC127442. Its GSTIN is 24AAGCI4193K1ZB (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shubhamkumar Vasantbhai Parekh and Chirantan Ramesh Parekh.
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 1st Floor Sy No – 64/1 Plot No – 79/A Hira Nagar Soc Opp.Gayatri Nagar Soc, Surat, Gujarat, India – 394510.
The company is associated with 1 brand: TrustPe.
Ideamachine Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0112730). For more details, the company can be reached via its website trustpe.money.
Company details
CIN U72900GJ2021PTC127442
Registration Number 127442
Incorporation Date 22 November 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0112730
Recognitions & Rankings of Ideamachine
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-GJ-22-0112730
Contact details
Ideamachine Private Limited's registered office is in Surat, Gujarat. Its website is trustpe.money. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Sy No – 64/1 Plot No – 79/A Hira Nagar Soc Opp.Gayatri Nagar Soc, Surat, Gujarat, India – 394510
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Ideamachine Private Limited, buy the company report.
Comprehensive company report
Ideamachine Private Limited - one report that includes everything
- 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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Brands
Ideamachine operates one associated brand: TrustPe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers escrow payment solutions and services to business clients. | trustpe.money |
Financials of Ideamachine Private Limited
FY 2025 filings availableIdeamachine Private Limited reported revenue of ₹604 for FY 2022.
Revenue · FY 2022
₹604
Financial Statement Summary
| Metrics | FY 2021-22 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹604 |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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
| Metrics | FY 2021-22 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 | |
To see the full financial statements and ratios of Ideamachine Private Limited, buy the company report.
Board of directors of Ideamachine Private Limited
Ideamachine has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubhamkumar Vasantbhai Parekh Also directs: Hirvepunya Private Limited | Director | 22 Nov 2021 | 4 Years 11 Months | Current |
| Chirantan Ramesh Parekh | Director | 23 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Ideamachine Private Limited is audited by DURGA KRISHNAMURTHY AND ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DURGA KRISHNAMURTHY AND ASSOCIATES LLP | FY 2022 | 206962 |
Shareholding
The shareholding of Ideamachine Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ideamachine Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ideamachine 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 Ideamachine Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ideamachine Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Ideamachine has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCI4193K1ZB | Gujarat | Active | 30 Dec 2021 |
To see the full GST registrations and return filing status of Ideamachine Private Limited, buy the company report.
Recent activity
Ideamachine Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Chirantan Ramesh Parekh was appointed as Director on 23 Dec 2025.
Appointed
Chirantan Ramesh Parekh was appointed as Director.
AGM
Ideamachine Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ideamachine Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Vasantbhai Babubhai Soni ceased to be Director.
Appointed
Aditya Pravin Nagare was appointed as Director.
Appointed
Shubhamkumar Vasantbhai Parekh was appointed as Director.
Incorporation
22 Nov 2021
Ideamachine Private Limited was registered on 22 Nov 2021 with Roc Ahmedabad & aged 4 years 11 months as per MCA records.
Frequently asked questions
Ideamachine is an active private limited company based in Surat, Gujarat, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 22 November 2021 (5+ years old) and is registered under CIN U72900GJ2021PTC127442.
Ideamachine has 2 current directors:
- Shubhamkumar Vasantbhai Parekh - Director
- Chirantan Ramesh Parekh - Director
The latest financial statements of Ideamachine 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 2022 are in the company report.
The GSTIN of Ideamachine is 24AAGCI4193K1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Ideamachine is U72900GJ2021PTC127442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ideamachine was incorporated on 22 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Chirantan Ramesh Parekh was appointed as Director on 23 Dec 2025. Vasantbhai Babubhai Soni ceased to be Director on 25 Nov 2022. Aditya Pravin Nagare was appointed as Director on 21 Nov 2022. Ideamachine has 4 board changes on record in total.
Yes, Ideamachine is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ideamachine is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0112730).
Ideamachine can be reached through the website trustpe.money. Its registered office is in Surat, Gujarat, India.
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