About Thavorath Systems Private Limited
Data last updated:
Thavorath Systems Private Limited is a private limited company based in Kannur, Kerala, India. It operates in the csw professional segment of the business services sector. It was incorporated on 26 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2013PTC034844. Its GSTIN is 32AAECT7802Q1ZZ (Kerala).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Dasan Govindan Thavorath and Nirandas Thavorath.
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 Building No. 13/297(Old No.9/233 – A) Souparnika Abdulla Peedika P.O Kayyode, Kannur, Kerala, India – 670621.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.11 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹2.29 Lakh (net margin -206.6%) and EBITDA of -₹1.52 Lakh (EBITDA margin -137.2%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 49% over five years.
The company is associated with 2 brands: Thavorath Systems and Kickets.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thavorath.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBuilding No. 13/297(Old No.9/233 – A) Souparnika Abdulla Peedika P.O Kayyode, Kannur, Kerala, India – 670621
- IndustryBusiness Services, Csw Professional, Scientific And Technical Activities
- 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
Associated Brands with Thavorath Systems Private Limited
Thavorath Systems operates two associated brands: Thavorath Systems and Kickets. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops web and mobile applications with cutting-edge tech for businesses and start-ups. | thavorath.com | |
| Automates content creation, marketing analysis, and team performance via cloud platform. | kickets.pro |
Business Activity of Thavorath Systems Private Limited
The main business activity of Thavorath Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Thavorath Systems Private Limited FY 2025 filings available
Thavorath Systems Private Limited reported revenue of ₹1.11 Lakh (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Thavorath Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 80% fall in the latest year. EBITDA fell 483% 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 Thavorath Systems Private Limited
| 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 | -₹1.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.29 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 of Thavorath Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -137.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -206.6% | •••• | •••• | •••• | •••• |
| 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 Thavorath Systems 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.
Board of Directors of Thavorath Systems Private Limited
Thavorath Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dasan Govindan Thavorath | Director | 26 Aug 2013 | 13 Years 1 Months | Current |
| Nirandas Thavorath | Director | 26 Aug 2013 | 13 Years 1 Months | Current |
Peer Comparison of Thavorath Systems Private Limited
Thavorath Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical 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 |
|---|---|---|---|---|---|---|
| Ultiwise Capital Advisors Private Limited | ₹1.11 Lakh (FY 2024) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Mazecraft Solutions Private Limited | ₹1.11 Lakh (FY 2018) | •••• | •••• | 121.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Steps Pharmaceutical Services Private Limited | ₹1.11 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Thane, Maharashtra, India |
| IT Fusion Vista Private Limited | ₹1.11 Lakh (FY 2022) | •••• | •••• | 68.0% | •••• | Payyannur, Kerala, India |
| Exhort Infratech Private Limited | ₹1.11 Lakh (FY 2022) | •••• | •••• | -74.0% | •••• | Ranchi, Jharkhand, India |
| Thavorath Systems Private Limited this company | ₹1.11 Lakh (FY 2025) | •••• | •••• | -80.0% | •••• | Kannur, Kerala, India |
| Siliconkraft Tech Private Limited | ₹1.11 Lakh (FY 2022) | •••• | •••• | 1194.0% | •••• | Bangalore, Karnataka, India |
| Akili-Gis Solutions Private Limited | ₹1.11 Lakh (FY 2024) | •••• | •••• | -86.0% | •••• | Bangalore, Karnataka, India |
| Eip Impactech Private Limited | ₹1.11 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Kansap Technologies Private Limited | ₹1.11 Lakh (FY 2024) | •••• | •••• | •••• | Ghaziabad, Uttar Pradesh, India | |
| Ip Crafters Advisory Private Limited | ₹1.1 Lakh (FY 2025) | •••• | •••• | -35.0% | •••• | Goa, India |
Peers are the five companies nearest above and the five nearest below Thavorath Systems by revenue in the same principal business activity (Other professional, scientific and technical 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 Thavorath Systems Private Limited
Thavorath Systems Private Limited is audited by MOHAN & MOHAN ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MOHAN & MOHAN 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.
Ownership and Shareholding of Thavorath Systems 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 Thavorath Systems Private Limited
Thavorath Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Thavorath Systems Private Limited
Employment history and EPFO contributions of people linked to Thavorath Systems.
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 Thavorath Systems Private Limited
Thavorath Systems Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Nidheeshdas Dasan Thavorath ceased to be Managing Director on 01 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Thavorath Systems 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 Thavorath Systems 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 Thavorath Systems 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 Thavorath Systems Private Limited
Thavorath Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECT7802Q1ZZ | Kerala | Active | 11 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 Thavorath Systems 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 Thavorath Systems Private Limited
Thavorath Systems is an active private limited company based in Kannur, Kerala, India. The company works in csw professional, within the business services industry. It was incorporated on 26 August 2013 (13+ years old) and is registered under CIN U72200KL2013PTC034844.
Thavorath Systems reported revenue of ₹1.11 Lakh for FY 2025 (down 80% YoY).
Thavorath Systems has 2 current directors:
- Dasan Govindan Thavorath - Director
- Nirandas Thavorath - Director
Thavorath Systems reported a net loss of ₹2.29 Lakh (net margin -206.6%) and EBITDA of -₹1.52 Lakh (EBITDA margin -137.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thavorath Systems is -66% over three years and -49% over five years. In the latest year (FY 2025) revenue fell 80%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thavorath Systems is 32AAECT7802Q1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of Thavorath Systems is U72200KL2013PTC034844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thavorath Systems was incorporated on 26 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Thavorath Systems by revenue are Ultiwise Capital Advisors Private Limited, Mazecraft Solutions Private Limited, Steps Pharmaceutical Services Private Limited, IT Fusion Vista Private Limited, Exhort Infratech Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Nidheeshdas Dasan Thavorath ceased to be Managing Director on 01 Dec 2024. Dasan Govindan Thavorath was appointed as Director on 26 Aug 2013. Nirandas Thavorath was appointed as Director on 26 Aug 2013.
Thavorath Systems can be reached through the website thavorath.com. Its registered office is in Kannur, Kerala, India.