Startup India Government of India
XS Associates Private Limited - information technology in Jaipur, Rajasthan, India. Directors, charges & compliance details.
Revenue · FY 2024
₹3.08 Cr
▲ 32% YoY
Net profit · FY 2024
₹10.68 Lakh
Net margin 3.5%
EBITDA · FY 2024
₹17.35 Lakh
EBITDA margin 5.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹50,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Brands
1
Associated brands
About XS Associates Private Limited
Data last updated:
XS Associates Private Limited is a private limited company based in Jaipur, Rajasthan, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 03 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U72900RJ2020PTC071925.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹50,000. It is led by directors Sakshi Jain and Panna Lal Pugalia.
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 F.N.502 5th Floor Block B Ashadeep Greenavenue Apartment, Jaipur, Rajasthan, India – 302017.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.08 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹10.68 Lakh (net margin 3.5%) and EBITDA of ₹17.35 Lakh (EBITDA margin 5.6%).
The company is associated with 1 brand: XS Associates.
For more details, the company can be reached via its website xsassociates.com.
Company details
CIN U72900RJ2020PTC071925
Registration Number 071925
Incorporation Date 03 November 2020
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Key People
Sakshi Jain Director Panna Lal Pugalia Director Recognitions & Rankings of XS Associates
Contact details
XS Associates Private Limited's registered office is in Jaipur, Rajasthan.
- Social Media
- Registered AddressF.N.502 5th Floor Block B Ashadeep Greenavenue Apartment, Jaipur, Rajasthan, India – 302017
- IndustryInformation Technology, Other Computer Related Activities
Comprehensive company report
XS Associates 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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Brands
XS Associates operates one associated brand: XS Associates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers data integration, management, consultancy, governance, and cloud services for businesses. | xsassociates.com |
Business activity
The main business activity of XS Associates 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 XS Associates Private Limited, buy the company report.
Financials of XS Associates Private Limited
FY 2025 filings availableXS Associates Private Limited reported revenue of ₹3.08 Cr (up 32% YoY) for FY 2024.
Revenue · FY 2024
₹3.08 Cr ▲ 32%
Net profit · FY 2024
₹10.68 Lakh margin 3.5%
EBITDA · FY 2024
₹17.35 Lakh margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
EBITDA CAGR growth
1 year
▼ 41%
3 years · compounded
▲ 425%
Revenue rose 32% in the latest year. EBITDA fell 41% 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 | ₹17.35 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹10.68 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 | 5.6% | |||
| Net Profit Margin | 3.5% | |||
| 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 XS Associates Private Limited, buy the company report.
Board of directors of XS Associates Private Limited
XS Associates has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sakshi Jain | Director | 03 Nov 2020 | 6 Years 0 Months | Current |
| Panna Lal Pugalia | Director | 04 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
XS Associates Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Greenitco Technologies Private Limited | ₹3.09 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Leadership Centre Private Limited | ₹3.09 Cr (FY 2022) | 20.0% | Panvel, Maharashtra, India | |||
| D4d Software Private Limited | ₹3.09 Cr (FY 2024) | 41.0% | Delhi, India | |||
| Cloudchef Private Limited | ₹3.08 Cr (FY 2024) | -56.0% | Mumbai, Maharashtra, India | |||
| Catseye Systems and Solutions Private Limited | ₹3.08 Cr (FY 2025) | -11.0% | Mumbai, Maharashtra, India | |||
| XS Associates Private Limitedthis company | ₹3.08 Cr (FY 2024) | ₹10.68 Lakh | 3.5% | 32.0% | Jaipur, Rajasthan, India | |
| La Cable Private Limited | ₹3.08 Cr (FY 2025) | -7.0% | Delhi, India | |||
| Ingenium Telecommunication Private Limited | ₹3.08 Cr (FY 2025) | 80.0% | Gurgaon, Haryana, India | |||
| Navatio Pharma Solutions Private Limited | ₹3.08 Cr (FY 2024) | 49.0% | Hyderabad, Telangana, India | |||
| Prescience Insilico Private Limited | ₹3.08 Cr (FY 2024) | 52.0% | Bangalore, Karnataka, India | |||
| Inovizhen Interio Private Limited | ₹3.08 Cr (FY 2025) | -1.0% | Godhra, Gujarat, India |
To see the full peer comparison of XS Associates Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving XS Associates 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 XS Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for XS Associates Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
XS Associates Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Panna Lal Pugalia ceased to be Additional Director on 29 Sep 2023.
AGM
Xs Associates Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Xs Associates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Ceased
Panna Lal Pugalia ceased to be Additional Director.
Ceased
Himanshi Agrawal ceased to be Director.
Appointed
Panna Lal Pugalia was appointed as Director.
Ceased
Neeraj Tyagi ceased to be Director.
Appointed
Sakshi Jain was appointed as Director.
Incorporation
03 Nov 2020
Xs Associates Private Limited was registered on 03 Nov 2020 with Roc Jaipur & aged 6 years as per MCA records.
Frequently asked questions
XS Associates is an active private limited company based in Jaipur, Rajasthan, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 03 November 2020 (6+ years old) and is registered under CIN U72900RJ2020PTC071925.
XS Associates has 2 current directors:
- Sakshi Jain - Director
- Panna Lal Pugalia - Director
The latest financial statements of XS Associates 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 CIN (Corporate Identification Number) of XS Associates is U72900RJ2020PTC071925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
XS Associates was incorporated on 03 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of XS Associates by revenue are Greenitco Technologies Private Limited, Leadership Centre Private Limited, D4d Software Private Limited, Cloudchef Private Limited, Catseye Systems and Solutions Private Limited and 5 more, all in the same principal business activity (other professional, scientific and technical activities).
Panna Lal Pugalia ceased to be Additional Director on 29 Sep 2023. Himanshi Agrawal ceased to be Director on 04 Apr 2022. Panna Lal Pugalia was appointed as Director on 04 Apr 2022. XS Associates has 5 board changes on record in total.
Yes, XS Associates is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
XS Associates can be reached through the website xsassociates.com. Its registered office is in Jaipur, Rajasthan, India.
The registered office of XS Associates is at F.N.502 5th Floor Block B Ashadeep Greenavenue Apartment, Jaipur, Rajasthan, India – 302017.
XS Associates operates in the information technology industry, in the other computer related activities segment.
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