Ivory Technolab Private Limited
About Ivory Technolab Private Limited
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Ivory Technolab Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2018PTC104730. Its GSTIN is 24AAFCI0320M1ZV (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ravi Baldevbhai Panchal and Sunnykumar Baldevbhai Panchal.
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 Mayur Bunlows No – 24 Kolat Road Village – Sanand, Ahmedabad, Gujarat, India – 382110.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.14 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹16.3 Lakh (net margin -30.7%) and EBITDA of ₹7.66 Lakh (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 35% over five years.
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- Registered AddressMayur Bunlows No – 24 Kolat Road Village – Sanand, Ahmedabad, Gujarat, India – 382110
- 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
- One PDF report, delivered after checkout
Financials of Ivory Technolab Private Limited FY 2025 filings available
Ivory Technolab Private Limited reported revenue of ₹53.14 Lakh (down 58% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ivory Technolab Private Limited
Revenue fell 58% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA rose 158% 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 Ivory Technolab 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 | ₹7.66 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.3 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ivory Technolab Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -30.7% | •••• | •••• | •••• | •••• |
| 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 Ivory Technolab 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.
Auditor Details of Ivory Technolab Private Limited
Ivory Technolab Private Limited is audited by HIREN S THAKKAR & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIREN S THAKKAR & 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 Ivory Technolab Private Limited
Ivory Technolab has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Baldevbhai Panchal | Director | 20 Jun 2020 | 6 Years 3 Months | Current |
| Sunnykumar Baldevbhai Panchal Also directs: 3Pie Global Private Limited | Director | 25 Jul 2025 | 1 Years 2 Months | Current |
Ownership and Shareholding of Ivory Technolab 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 Ivory Technolab Private Limited
Ivory Technolab Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ivory Technolab Private Limited
Employment history and EPFO contributions of people linked to Ivory Technolab.
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 Ivory Technolab Private Limited
Ivory Technolab Private Limited has 7 board changes on record since 2020: 2 appointments and 5 cessations. The latest: Sunnykumar Baldevbhai Panchal was appointed as Director on 25 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Ivory Technolab 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 Ivory Technolab 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 Ivory Technolab 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 Ivory Technolab Private Limited
Ivory Technolab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCI0320M1ZV | Gujarat | Active | 23 Dec 2020 |
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 Ivory Technolab 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 Ivory Technolab Private Limited
Ivory Technolab 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 12 October 2018 (8+ years old) and is registered under CIN U72900GJ2018PTC104730.
Ivory Technolab reported revenue of ₹53.14 Lakh for FY 2024 (down 58% YoY).
Ivory Technolab has 2 current directors:
- Ravi Baldevbhai Panchal - Director
- Sunnykumar Baldevbhai Panchal - Director
Ivory Technolab reported a net loss of ₹16.3 Lakh (net margin -30.7%) and EBITDA of ₹7.66 Lakh (EBITDA margin 14.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ivory Technolab is 8% over three years and 35% over five years. In the latest year (FY 2024) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ivory Technolab is 24AAFCI0320M1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Ivory Technolab is U72900GJ2018PTC104730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivory Technolab was incorporated on 12 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sunnykumar Baldevbhai Panchal was appointed as Director on 25 Jul 2025. Anjali Ghanshyambhai Patel ceased to be Additional Director on 30 Nov 2021. Ravi Baldevbhai Panchal ceased to be Additional Director on 30 Nov 2021. Ivory Technolab has 7 board changes on record in total.
The registered office of Ivory Technolab is at Mayur Bunlows No – 24 Kolat Road Village – Sanand, Ahmedabad, Gujarat, India – 382110.