Itg Solutions Limited
About Itg Solutions Limited
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Itg Solutions Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the consultancy services segment of the technology and IT services sector. It was incorporated on 12 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN1999PLC042816. Its GSTIN is 33AAACI5829E1ZU (Tamil Nadu).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹31.95 Lakh. It is led by directors including Subhash Bhujbal (Whole-Time Director) and Syed Anwarul Islam Sadiq Syed Abdul Karim.
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 G – 7 Gems Court 14 Kadar Nawaz Khan Road Nungambakkam, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.31 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹1.78 Lakh (net margin -24.4%) and EBITDA of ₹23,692 (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressG – 7 Gems Court 14 Kadar Nawaz Khan Road Nungambakkam, Chennai, Tamil Nadu, India – 600006
- IndustryInformation Technology, Consultancy, Computer Programming
- 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 Itg Solutions Limited
The main business activity of Itg 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 Itg Solutions Limited FY 2025 filings available
Itg Solutions Limited reported revenue of ₹7.31 Lakh (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Itg Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 7% growth in the latest year. EBITDA rose 107% 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 Itg Solutions 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 | ₹23,692 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.78 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 Itg Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -24.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Itg Solutions are in the company report.
Financial statements from 2015
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 Itg Solutions Limited
Itg Solutions Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aton Informatics Private Limited | ₹7.33 Lakh (FY 2025) | •••• | •••• | 49.0% | •••• | Hoshiarpur, Punjab, India |
| Indware Digital Private Limited | ₹7.32 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | North 24 Parganas, West Bengal, India |
| Jo Baka Media Private Limited | ₹7.32 Lakh (FY 2024) | •••• | •••• | -77.0% | •••• | Ahmedabad, Gujarat, India |
| Servecircle Solutions Private Limited | ₹7.32 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Yelaburga, Karnataka, India |
| Palemon Technology Private Limited | ₹7.32 Lakh (FY 2025) | •••• | •••• | 972.0% | •••• | Hazaribagh, Jharkhand, India |
| Itg Solutions Limited this company | ₹7.31 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Codnis Technologies (OPC) Private Limited | ₹7.31 Lakh (FY 2024) | •••• | •••• | 28.0% | •••• | Ernakulam, Kerala, India |
| Arihant Nanosoftech India Private Limited | ₹7.31 Lakh (FY 2019) | •••• | •••• | -50.0% | •••• | Gandhinagar, Gujarat, India |
| RJGD Ind Ventures Private Limited | ₹7.31 Lakh (FY 2019) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Bteem Software Solutions Private Limited | ₹7.31 Lakh (FY 2020) | •••• | •••• | -28.0% | •••• | Kochulloor, Kerala, India |
| Tan 31 Solutions Private Limited | ₹7.31 Lakh (FY 2017) | •••• | •••• | 108.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Itg Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Itg Solutions Limited
Itg Solutions Limited is audited by B. ARUNA for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. ARUNA | 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 Itg Solutions Limited
Itg Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Syed Anwarul Islam Sadiq Syed Abdul Karim | Director | 12 Jul 1999 | 27 Years 2 Months | Current |
| Rajesh Jhaver | Director | 12 Jul 1999 | 27 Years 2 Months | Current |
| Subhash Bhujbal | Whole-Time Director | 12 Jul 1999 | 27 Years 2 Months | Current |
Ownership and Shareholding of Itg Solutions 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 Itg Solutions Limited
Itg Solutions Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Itg Solutions Limited
Employment history and EPFO contributions of people linked to Itg 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 Itg Solutions Limited
Itg Solutions Limited has 3 board changes on record since 1999: 3 appointments. The latest: Rajesh Jhaver was appointed as Director on 12 Jul 1999.
Credit Ratings, Litigation & Regulatory Alerts for Itg Solutions 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 Itg Solutions 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 Itg Solutions 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 Itg Solutions Limited
Itg Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI5829E1ZU | Tamil Nadu | Active | 01 Jul 2017 |
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 Itg Solutions 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 Itg Solutions Limited
Itg Solutions is an active public limited company based in Chennai, Tamil Nadu, India. The company works in consultancy, within the information technology industry. It was incorporated on 12 July 1999 (27+ years old) and is registered under CIN U72200TN1999PLC042816.
Itg Solutions reported revenue of ₹7.31 Lakh for FY 2024 (up 7% YoY).
Itg Solutions has 3 current directors:
- Subhash Bhujbal - Whole-Time Director
- Syed Anwarul Islam Sadiq Syed Abdul Karim - Director
- Rajesh Jhaver - Director
Itg Solutions reported a net loss of ₹1.78 Lakh (net margin -24.4%) and EBITDA of ₹23,692 (EBITDA margin 3.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itg Solutions is 9% over three years and 5% over five years. In the latest year (FY 2024) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itg Solutions is 33AAACI5829E1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Itg Solutions is U72200TN1999PLC042816. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itg Solutions was incorporated on 12 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Itg Solutions by revenue are Aton Informatics Private Limited, Indware Digital Private Limited, Jo Baka Media Private Limited, Servecircle Solutions Private Limited, Palemon Technology Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Rajesh Jhaver was appointed as Director on 12 Jul 1999. Subhash Bhujbal was appointed as Whole-Time Director on 12 Jul 1999. Syed Anwarul Islam Sadiq Syed Abdul Karim was appointed as Director on 12 Jul 1999.
The registered office of Itg Solutions is at G – 7 Gems Court 14 Kadar Nawaz Khan Road Nungambakkam, Chennai, Tamil Nadu, India – 600006.