About Absolute IT Solutions Private Limited
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Absolute IT Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 09 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2013PTC245401. Its GSTIN is 27AALCA7928B1ZM (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1.68 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Dinesh Narayan Belchada and Deepak Laxman Gupta.
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 is at 207 2nd Floor Hindustan Kohinoor Premises Chs Lbs Marg Vikhroli (W), Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2025, the company reported a revenue of ₹206.6 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹2.2 Cr (net margin 1.1%) and EBITDA of ₹5.4 Cr (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 14% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.35 Cr and satisfied charges of ₹6.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website absoluteit.net.in.
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- Website
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- Registered Address207 2nd Floor Hindustan Kohinoor Premises Chs Lbs Marg Vikhroli (W), Mumbai, Maharashtra, India – 400083
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
Business Activity of Absolute IT Solutions Private Limited
The main business activity of Absolute IT Solutions is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | 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.
Auditor Details of Absolute IT Solutions Private Limited
Absolute IT Solutions Private Limited is audited by RAAMAS & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAAMAS & 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.
Board of Directors of Absolute IT Solutions Private Limited
Absolute IT Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Narayan Belchada | Director | 09 Jul 2013 | 13 Years 2 Months | Current |
| Deepak Laxman Gupta Also directs: Paawan Ventures Private Limited | Director | 09 Jul 2013 | 13 Years 2 Months | Current |
| Ramsurat Ramfer Yadav Also directs: Absolute Retails Private Limited | Director | 09 Jul 2013 | 13 Years 2 Months | Current |
Financials of Absolute IT Solutions Private Limited FY 2024 filings available
Absolute IT Solutions Private Limited reported revenue of ₹206.6 Cr (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Absolute IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 22% growth in the latest year. EBITDA fell 5% 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 Absolute IT Solutions 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 | ₹5.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.2 Cr | •••• | •••• | •••• | •••• |
| 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 Absolute IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Absolute IT Solutions 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.
Ownership and Shareholding of Absolute IT Solutions 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 Absolute IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2022 | Yes Bank Limited | ₹5 Cr | Open |
| 17 Nov 2021 | Hdfc Bank Limited | ₹8.3 Cr | Open |
| 01 Mar 2021 | Axis Bank Limited | ₹2 Cr | Open |
| 29 Jul 2017 | Others | ₹2 Cr | Open |
| 30 Apr 2016 | Others | ₹1.75 Cr | Open |
Total charge records: 9 View all charges
Employees and EPFO Compliance at Absolute IT Solutions Private Limited
Absolute IT Solutions Private Limited has a workforce of 11 employees as of Apr 07, 2024.
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.
GST Compliance of Absolute IT Solutions Private Limited
Absolute IT Solutions has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCA7928B1ZM | Maharashtra | Active | 01 Jul 2017 |
| 23AALCA7928B1ZU | Madhya Pradesh | Active | 15 Aug 2019 |
| 24AALCA7928B1ZS | Gujarat | Active | 06 Dec 2019 |
| 36AALCA7928B1ZN | Telangana | Active | 11 Jan 2020 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Absolute IT Solutions 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 Absolute IT Solutions 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 Absolute IT Solutions 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.
MCA Filings & Documents of Absolute IT Solutions 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.
Recent Activity on Absolute IT Solutions Private Limited
Frequently Asked Questions about Absolute IT Solutions Private Limited
Absolute IT Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 09 July 2013 (13+ years old) and is registered under CIN U52100MH2013PTC245401.
Absolute IT Solutions reported revenue of ₹206.6 Cr for FY 2025 (up 22% YoY).
Absolute IT Solutions has 3 current directors:
- Dinesh Narayan Belchada - Director
- Deepak Laxman Gupta - Director
- Ramsurat Ramfer Yadav - Director
Absolute IT Solutions reported a net profit of ₹2.2 Cr (net margin 1.1%) and EBITDA of ₹5.4 Cr (EBITDA margin 2.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Absolute IT Solutions is 7% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Absolute IT Solutions is 27AALCA7928B1ZM, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 23AALCA7928B1ZU (Madhya Pradesh), 24AALCA7928B1ZS (Gujarat), 36AALCA7928B1ZN (Telangana).
The CIN (Corporate Identification Number) of Absolute IT Solutions is U52100MH2013PTC245401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Absolute IT Solutions was incorporated on 09 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Absolute IT Solutions can be reached through the website absoluteit.net.in. Its registered office is in Mumbai, Maharashtra, India.