About Neotas Development Private Limited
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Neotas Development Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Neotas Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2018FTC333028. Its GSTIN is 07AAGCN0412J1ZQ (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Pankhil Baunthiyal and Sachin Matta.
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 44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.68 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.04 Cr (net margin 9.9%) and EBITDA of ₹3.08 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 75% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
For more details, the company can be reached via its website neotas.com.
Company details
Contact details
Neotas Development Private Limited's registered office is in New Delhi, Delhi. Its website is neotas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Neotas Development 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 Neotas Development 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 Neotas Development Private Limited, buy the company report.
Financials of Neotas Development Private Limited
FY 2025 filings availableNeotas Development Private Limited reported revenue of ₹20.68 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years, including 8% growth in the latest year. EBITDA rose 7% 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 |
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| EBITDA | ₹3.08 Cr | ||||
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| Net Profit (PAT) | ₹2.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 14.9% | ||||
| Net Profit Margin | 9.9% | ||||
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To see the full financial statements and ratios of Neotas Development Private Limited, buy the company report.
Board of directors of Neotas Development Private Limited
Neotas Development has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankhil Baunthiyal Also directs: Ezlex Consultants Private Limited | Director | 04 Jun 2024 | 2 Years 5 Months | Current |
| Sachin Matta | Director | 12 Aug 2021 | 5 Years 2 Months | Current |
| Vipul Kant Mishra | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
| Alka Mishra | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Neotas Development Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Spireon Telematics India Private Limited | ₹20.71 Cr (FY 2023) | 138.0% | Bangalore, Karnataka, India | |||
| Findability Sciences Private Limited | ₹20.71 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Cloudbolt Software India Private Limited | ₹20.68 Cr (FY 2024) | 11.0% | Pune, Maharashtra, India | |||
| Transcend Street India Private Limited | ₹20.68 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Onusworks Software India Private Limited | ₹20.68 Cr (FY 2024) | 96.0% | Bangalore, Karnataka, India | |||
| Neotas Development Private Limitedthis company | ₹20.68 Cr (FY 2025) | ₹2.04 Cr | 9.9% | 8.0% | 82 | New Delhi, Delhi, India |
| Expound Technivo Private Limited | ₹20.67 Cr (FY 2024) | 84.0% | Mumbai, Maharashtra, India | |||
| KG Financial Software Private Limited | ₹20.67 Cr (FY 2016) | 40.0% | Coimbatore, Tamil Nadu, India | |||
| Business Intelligence Professionals Private Limited | ₹20.64 Cr (FY 2025) | 7.0% | Bhubaneswar, Odisha, India | |||
| Immo Digital Solutions India Private Limited | ₹20.64 Cr (FY 2025) | -7.0% | Chennai, Tamil Nadu, India | |||
| Galmax Technologies Private Limited | ₹20.63 Cr (FY 2025) | 3.0% | Bhilai, Chhattisgarh, India |
To see the full peer comparison of Neotas Development Private Limited, buy the company report.
Auditor
Neotas Development Private Limited is audited by J G A & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J G A & Company | FY 2023 | 023957N |
Shareholding
The shareholding of Neotas Development Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neotas Development Private Limited, buy the company report.
Legal cases
Neotas Development Private Limited has 2 court cases on record: 1 filed by Neotas Development, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Altrade Hospitality Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Altrade Hospitality Private Limited | Disposed |
To see the full case history of Neotas Development Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neotas Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neotas Development Private Limited has a workforce of 82 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Neotas Development has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAGCN0412J1ZQ | Delhi | Active | 03 Jul 2018 |
| 27AAGCN0412J1ZO | Maharashtra | Active | 27 Oct 2021 |
To see the full GST registrations and return filing status of Neotas Development Private Limited, buy the company report.
Recent activity
Neotas Development Private Limited has 9 board changes on record since 2018: 4 appointments and 5 cessations. The latest: Pankhil Baunthiyal ceased to be Additional Director on 30 Sep 2024.
Frequently asked questions
Neotas Development is an active foreign private limited company based in New Delhi, Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 April 2018 (8+ years old) and is registered under CIN U72200DL2018FTC333028.
Neotas Development has 4 current directors:
- Pankhil Baunthiyal - Director
- Sachin Matta - Director
- Vipul Kant Mishra - Director
- Alka Mishra - Director
The latest financial statements of Neotas Development 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 Neotas Development is 07AAGCN0412J1ZQ, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAGCN0412J1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Neotas Development is U72200DL2018FTC333028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neotas Development has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Neotas Development was incorporated on 24 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Neotas Development by revenue are Spireon Telematics India Private Limited, Findability Sciences Private Limited, Cloudbolt Software India Private Limited, Transcend Street India Private Limited, Onusworks Software India Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Pankhil Baunthiyal ceased to be Additional Director on 30 Sep 2024. Pankhil Baunthiyal was appointed as Director on 04 Jun 2024. Virendra Kumar Bansal ceased to be Additional Director on 29 Sep 2023. Neotas Development has 9 board changes on record in total.
Neotas Development can be reached through the website neotas.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Neotas Development is at 44 Backary Portion, 2nd Floor Regal Building, New Delhi, Delhi, India – 110001.
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