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Ultimate Business Systems Private Limited - information technology in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.01 Cr
▲ 58% YoY
Net loss · FY 2025
₹1.17 Cr
Net margin -58.3%
EBITDA · FY 2025
-₹27.8 Lakh
EBITDA margin -13.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.11 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
10
Provident fund records
Directors on board
2
As per MCA filings
About Ultimate Business Systems Private Limited
Data last updated:
Ultimate Business Systems Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 31 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2020PTC116020. Its GSTIN is 24AACCU6623J1ZA (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.11 Cr. It is led by directors Alpesh Sureshbhai Vaghasiya and Naresh Labhubhai Khokhaneshiya.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.01 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr (net margin -58.3%) and EBITDA of -₹27.8 Lakh (EBITDA margin -13.9%). Revenue has grown at a compounded annual rate (CAGR) of 831% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
Ultimate Business Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0083671). For more details, the company can be reached via its website ubsapp.com.
Company details
CIN U72900GJ2020PTC116020
Registration Number 116020
Incorporation Date 31 August 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0083671
Recognitions & Rankings of Ultimate Business Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0083671
Contact details
Ultimate Business Systems Private Limited's registered office is in Surat, Gujarat. Its website is ubsapp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No. 406 4th Floor Trinity Business Opp. Vasupujya Residency L.P. Savani Ro, Ad Pal, Surat, Gujarat, India – 394510
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ultimate Business Systems Private Limited, buy the company report.
Comprehensive company report
Ultimate Business Systems Private Limited - one report that includes everything
- 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
The main business activity of Ultimate Business Systems 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 Ultimate Business Systems Private Limited, buy the company report.
Financials of Ultimate Business Systems Private Limited
FY 2025 filings availableUltimate Business Systems Private Limited reported revenue of ₹2.01 Cr (up 58% YoY) for FY 2025.
Revenue · FY 2025
₹2.01 Cr ▲ 58%
Net loss · FY 2025
₹1.17 Cr margin -58.3%
EBITDA · FY 2025
-₹27.8 Lakh margin -13.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 831%
Revenue has grown at a compounded annual rate (CAGR) of 831% over three years, including 58% growth 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹27.8 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.17 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.9% | ||||
| Net Profit Margin | -58.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Ultimate Business Systems Private Limited, buy the company report.
Board of directors of Ultimate Business Systems Private Limited
Ultimate Business Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alpesh Sureshbhai Vaghasiya Also directs: Artoon Solutions Private Limited | Director | 31 Aug 2020 | 6 Years 1 Months | Current |
| Naresh Labhubhai Khokhaneshiya Also directs: Artoon Solutions Private Limited | Director | 31 Aug 2020 | 6 Years 1 Months | Current |
Peer comparison
Ultimate Business Systems Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Introhive Technologies India Private Limited | ₹2.01 Cr (FY 2024) | -79.0% | Chennai, Tamil Nadu, India | |||
| Softpal Technologies Private Limited | ₹2.01 Cr (FY 2025) | 25.0% | Telangana, India | |||
| Inda Seo Private Limited | ₹2.01 Cr (FY 2025) | -5.0% | Ludhiana, Punjab, India | |||
| Pilani Experts Technology Labs Private Limited | ₹2.01 Cr (FY 2025) | 58.0% | Bangalore, Karnataka, India | |||
| Aner Infotechnologies Private Limited | ₹2.01 Cr (FY 2025) | -31.0% | Hyderabad, Telangana, India | |||
| Destiny Solutions Private Limited | ₹2.01 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Bulls Quant Amro Private Limited | ₹2.01 Cr (FY 2019) | 1382.0% | Gurugram, Haryana, India | |||
| Ultimate Business Systems Private Limitedthis company | ₹2.01 Cr (FY 2025) | -₹1.17 Cr | -58.3% | 58.0% | 10 | Surat, Gujarat, India |
To see the full peer comparison of Ultimate Business Systems Private Limited, buy the company report.
Auditor
Ultimate Business Systems Private Limited is audited by KAMLESH PANDYA & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMLESH PANDYA & Co. | FY 2024 | 116939W |
Shareholding
The shareholding of Ultimate Business Systems Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ultimate Business Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ultimate Business Systems 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 Ultimate Business Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ultimate Business Systems Private Limited has a workforce of 10 employees on its EPFO records as of Feb 13, 2026, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
11.11%
GST
Ultimate Business Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCU6623J1ZA | Gujarat | Active | 06 Feb 2021 |
To see the full GST registrations and return filing status of Ultimate Business Systems Private Limited, buy the company report.
Recent activity
Ultimate Business Systems Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Alpesh Sureshbhai Vaghasiya was appointed as Director on 31 Aug 2020.
AGM
Ultimate Business Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ultimate Business Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Alpesh Sureshbhai Vaghasiya was appointed as Director.
Appointed
Naresh Labhubhai Khokhaneshiya was appointed as Director.
Incorporation
31 Aug 2020
Ultimate Business Systems Private Limited was registered on 31 Aug 2020 with Roc Ahmedabad & aged 6 years 1 month as per MCA records.
Frequently asked questions
Ultimate Business Systems is an active private limited company based in Surat, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 31 August 2020 (6+ years old) and is registered under CIN U72900GJ2020PTC116020.
Ultimate Business Systems has 2 current directors:
- Alpesh Sureshbhai Vaghasiya - Director
- Naresh Labhubhai Khokhaneshiya - Director
The latest financial statements of Ultimate Business Systems 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 2021 are in the company report.
The GSTIN of Ultimate Business Systems is 24AACCU6623J1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Ultimate Business Systems is U72900GJ2020PTC116020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimate Business Systems was incorporated on 31 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ultimate Business Systems by revenue are Introhive Technologies India Private Limited, Softpal Technologies Private Limited, Inda Seo Private Limited, Pilani Experts Technology Labs Private Limited, Aner Infotechnologies Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Alpesh Sureshbhai Vaghasiya was appointed as Director on 31 Aug 2020. Naresh Labhubhai Khokhaneshiya was appointed as Director on 31 Aug 2020.
Yes, Ultimate Business Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Ultimate Business Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0083671).
Ultimate Business Systems can be reached through the website ubsapp.com. Its registered office is in Surat, Gujarat, India.