Myiq Solutions Private Limited
About Myiq Solutions Private Limited
Data last updated:
Myiq Solutions Private Limited was a private limited company based in Noida, Uttar Pradesh, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 July 2020.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U72900UP2020PTC131121. Its GSTIN is 09AANCM6004C1ZN (Uttar Pradesh).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹20,000. It was led by directors Nisha Acharya and Sikha Acharya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at T – 805 Stellar Jeevan Sector – 1 Greater Noida, Uttar Pradesh, India – 201306.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.31 Cr, a growth of 125% compared to the previous year. For the same year it recorded a net profit of ₹14.97 Lakh (net margin 11.5%) and EBITDA of ₹21.26 Lakh (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years.
Company details
Contact details
Myiq Solutions Private Limited's registered office is in Noida, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressT – 805 Stellar Jeevan Sector – 1 Greater Noida, Uttar Pradesh, India – 201306
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Myiq Solutions 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
Business activity
The main business activity of Myiq Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Myiq Solutions Private Limited, buy the company report.
Financials of Myiq Solutions Private Limited
FY 2024 filings availableMyiq Solutions Private Limited reported revenue of ₹1.31 Cr (up 125% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 68% over three years, including 125% growth in the latest year. EBITDA rose 288% 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 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 | ₹21.26 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹14.97 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 16.3% | |||
| Net Profit Margin | 11.5% | |||
| 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 Myiq Solutions Private Limited, buy the company report.
Board of directors of Myiq Solutions Private Limited
Myiq Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Acharya Also directs: Myiq Solutions LLP | Director | 17 Jul 2020 | 6 Years 3 Months | As last reported |
| Sikha Acharya Also directs: Myiq Solutions LLP | Director | 17 Jul 2020 | 6 Years 3 Months | As last reported |
Peer comparison
Myiq Solutions Private Limited is compared with the 5 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techniecode Software Solutions Private Limited | ₹1.31 Cr (FY 2025) | -19.0% | Hyderabad, Telangana, India | |||
| Poweraum Electronics Private Limited | ₹1.31 Cr (FY 2025) | 1103.0% | Vadodara, Gujarat, India | |||
| Myiq Solutions Private Limitedthis company | ₹1.31 Cr (FY 2024) | ₹14.97 Lakh | 11.5% | 125.0% | Noida, Uttar Pradesh, India | |
| Aurify Systems Private Limited | ₹1.31 Cr (FY 2024) | -15.0% | Mumbai, Maharashtra, India | |||
| Nueulabs Infotech Private Limited | ₹1.31 Cr (FY 2024) | 975.0% | Jaipur, Rajasthan, India | |||
| Techrays Consulting Private Limited | ₹1.31 Cr (FY 2024) | 33.0% | Dharwad, Karnataka, India |
To see the full peer comparison of Myiq Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Myiq 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 Myiq Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Myiq Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AANCM6004C1ZN | Uttar Pradesh | Active | 26 Jul 2020 |
To see the full GST registrations and return filing status of Myiq Solutions Private Limited, buy the company report.
Recent activity
Myiq Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Nisha Acharya was appointed as Director on 17 Jul 2020.
Frequently asked questions
Myiq Solutions has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Myiq Solutions was a private limited company based in Noida, Uttar Pradesh, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 17 July 2020 and is registered under CIN U72900UP2020PTC131121. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Myiq Solutions is U72900UP2020PTC131121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myiq Solutions had 2 directors:
- Nisha Acharya - Director
- Sikha Acharya - Director
Myiq Solutions was incorporated on 17 July 2020. It is registered with the Registrar of Companies, Kanpur.
The registered office of Myiq Solutions is at T – 805 Stellar Jeevan Sector – 1 Greater Noida, Uttar Pradesh, India – 201306.
The latest financial statements of Myiq Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Myiq Solutions is 09AANCM6004C1ZN, registered in Uttar Pradesh.
Myiq Solutions operated in the information technology industry, in the IT consulting and support services segment.
The peers of Myiq Solutions by revenue are Techniecode Software Solutions Private Limited, Poweraum Electronics Private Limited, Aurify Systems Private Limited, Nueulabs Infotech Private Limited, Techrays Consulting Private Limited, all in the same principal business activity (other professional, scientific and technical activities).
Nisha Acharya was appointed as Director on 17 Jul 2020. Sikha Acharya was appointed as Director on 17 Jul 2020.