DPIIT recognised startup Government of India
Startup India
Iqlance Solutions Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.3 Cr
▲ 1% YoY
Net profit · FY 2025
₹3.29 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹6.83 Lakh
EBITDA margin 3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Iqlance Solutions Private Limited
Data last updated:
Iqlance Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, 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 25 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2019PTC106781. Its GSTIN is 24AAFCI1897K1Z7 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Yogeshbhai Harshadray Vyas and Bhavikkumar Dasharathbhai Daraji.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.3 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹3.29 Lakh (net margin 1.4%) and EBITDA of ₹6.83 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 22% over five years.
The company is associated with 1 brand: IQlance.
For more details, the company can be reached via its website iqlance.com.
Company details
CIN U74999GJ2019PTC106781
Registration Number 106781
Incorporation Date 25 February 2019
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
Key People
Yogeshbhai Harshadray Vyas Director Bhavikkumar Dasharathbhai Daraji Director Krunal Yogeshbhai Vyas Director Recognitions & Rankings of Iqlance Solutions
Contact details
Iqlance Solutions Private Limited's registered office is in Ahmedabad, Gujarat. Its website is iqlance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/406 Safal Pigasus Tower – A Plot No – 21 22 23, Tps No – 27 Nr. Prahladnagar Garden Opp. Reliance Petrol Pump 100Ft R.D., Ahmedabad, Gujarat, India – 380015
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Iqlance Solutions Private Limited, buy the company report.
Comprehensive company report
Iqlance Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Iqlance Solutions operates one associated brand: IQlance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers mobile app development, software solutions, and IT consulting worldwide. | iqlance.com |
Business activity
The main business activity of Iqlance Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Iqlance Solutions Private Limited, buy the company report.
Financials of Iqlance Solutions Private Limited
FY 2025 filings availableIqlance Solutions Private Limited reported revenue of ₹2.3 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹2.3 Cr ▲ 1%
Net profit · FY 2025
₹3.29 Lakh margin 1.4%
EBITDA · FY 2025
₹6.83 Lakh margin 3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 20%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 13%
5 years · compounded
▲ 55%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 1% growth in the latest year. EBITDA fell 13% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.29 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Iqlance Solutions Private Limited, buy the company report.
Board of directors of Iqlance Solutions Private Limited
Iqlance Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogeshbhai Harshadray Vyas | Director | 25 Feb 2019 | 7 Years 8 Months | Current |
| Bhavikkumar Dasharathbhai Daraji | Director | 11 Sep 2023 | 3 Years 1 Months | Current |
| Krunal Yogeshbhai Vyas | Director | 28 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Iqlance Solutions Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Safal Softcom Private Limited | ₹2.3 Cr (FY 2025) | 81.0% | Gandhinagar, Gujarat, India | |||
| Applitech Infotech Private Limited | ₹2.3 Cr (FY 2025) | 34.0% | Ahmedabad, Gujarat, India | |||
| Iqlance Solutions Private Limitedthis company | ₹2.3 Cr (FY 2025) | ₹3.29 Lakh | 1.4% | 1.0% | Ahmedabad, Gujarat, India | |
| Seminal Software Private Limited | ₹2.3 Cr (FY 2024) | 8.0% | Vijayapur, Karnataka, India | |||
| Allure Software Private Limited | ₹2.3 Cr (FY 2022) | 21.0% | Pune, Maharashtra, India | |||
| United Resources Technologies Private Limited | ₹2.3 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Sunera Eseal India Private Limited | ₹2.3 Cr (FY 2020) | -12.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Iqlance Solutions Private Limited, buy the company report.
Auditor
Iqlance Solutions Private Limited is audited by BANKIM PATEL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANKIM PATEL & ASSOCIATES | FY 2022 | 135619W |
Shareholding
The shareholding of Iqlance Solutions Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Iqlance Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Iqlance Solutions 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 Iqlance Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iqlance Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCI1897K1Z7 | Gujarat | Active | 08 Mar 2019 |
To see the full GST registrations and return filing status of Iqlance Solutions Private Limited, buy the company report.
Recent activity
Iqlance Solutions Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Bhavikkumar Dasharathbhai Daraji ceased to be Additional Director on 29 Sep 2023.
AGM
Iqlance Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Iqlance Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Bhavikkumar Dasharathbhai Daraji ceased to be Additional Director.
Ceased
Krunal Yogeshbhai Vyas ceased to be Additional Director.
Appointed
Bhavikkumar Dasharathbhai Daraji was appointed as Director.
Appointed
Krunal Yogeshbhai Vyas was appointed as Director.
Ceased
Meet Yogeshkumar Vyas ceased to be Director.
Appointed
Yogeshbhai Harshadray Vyas was appointed as Director.
Incorporation
25 Feb 2019
Iqlance Solutions Private Limited was registered on 25 Feb 2019 with Roc Ahmedabad & aged 7 years 8 months as per MCA records.
Frequently asked questions
Iqlance Solutions is an active 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 25 February 2019 (7+ years old) and is registered under CIN U74999GJ2019PTC106781.
Iqlance Solutions has 3 current directors:
- Yogeshbhai Harshadray Vyas - Director
- Bhavikkumar Dasharathbhai Daraji - Director
- Krunal Yogeshbhai Vyas - Director
The latest financial statements of Iqlance Solutions 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 2019 are in the company report.
The GSTIN of Iqlance Solutions is 24AAFCI1897K1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Iqlance Solutions is U74999GJ2019PTC106781. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iqlance Solutions was incorporated on 25 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Iqlance Solutions by revenue are Safal Softcom Private Limited, Applitech Infotech Private Limited, Seminal Software Private Limited, Allure Software Private Limited, United Resources Technologies Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Bhavikkumar Dasharathbhai Daraji ceased to be Additional Director on 29 Sep 2023. Krunal Yogeshbhai Vyas ceased to be Additional Director on 29 Sep 2023. Bhavikkumar Dasharathbhai Daraji was appointed as Director on 11 Sep 2023. Iqlance Solutions has 6 board changes on record in total.
Yes, Iqlance Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Iqlance Solutions can be reached through the website iqlance.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Iqlance Solutions is at A406 Safal Pigasus Tower – A Plot No – 21 22 23, Tps No – 27 Nr. Prahladnagar Garden Opp. Reliance Petrol Pump 100Ft R.D., Ahmedabad, Gujarat, India – 380015.