About Adiance Technologies Private Limited
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Adiance Technologies Private Limited is a private limited company based in Ahmadabad City, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2003PTC043259. Its GSTIN is 24AAECA7251Q1ZC (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors including Hemendra Dhirajlal Sanghvi and Kushal Hemendra Sanghvi.
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 Ahmadabad City, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹132.92 Cr, a growth of 149% compared to the previous year. For the same year it recorded a net profit of ₹17.51 Cr (net margin 13.2%) and EBITDA of ₹31.52 Cr (EBITDA margin 23.7%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years and 31% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Adiance Technologies. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹10 Lakh 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 adiance.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHouse No.7 @Eight Corporate House, B/H Satyam House Rajpath Club Road, Ahmadabad City, Gujarat, India – 380054
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Adiance Technologies Private Limited
Adiance Technologies operates one associated brand: Adiance Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive AI camera solutions for video surveillance. | adiance.com |
Competitors & Alternatives of Adiance Technologies Private Limited
Brands and companies operating in the same space as Adiance Technologies Private Limited include Chooch, SenseTime, Aquabyte and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Chooch | Generative computer vision solutions are offered for video stream analysis. | San Mateo, United States | 2015 |
 SenseTime | AI based platform offering image recognition solutions | Hong Kong, China | 2014 |
 Aquabyte | AI-based software platform for aquaculture monitoring is provided. | San Francisco, United States | 2017 |
 Nymi | Biometric authentication is provided via wearable wristband technology. | Toronto, Canada | 2011 |
 Asseco | Omnichannel banking solutions are provided for internet and mobile platforms. | Rzeszow, Poland | 1987 |
 Solink | Video analysis solutions for loss prevention and security are provided. | Ottawa, Canada | 2009 |
Business Activity of Adiance Technologies Private Limited
The main business activity of Adiance Technologies is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Adiance Technologies Private Limited
Adiance Technologies Private Limited is audited by Mukesh M. Shah & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mukesh M. Shah & Co. | 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 Adiance Technologies Private Limited
Adiance Technologies 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 |
|---|---|---|---|---|
| Hemendra Dhirajlal Sanghvi | Director | 03 Jun 2005 | 21 Years 4 Months | Current |
| Kushal Hemendra Sanghvi Also directs: Vmukti Solutions Private Limited | Director | 01 Dec 2003 | 22 Years 10 Months | Current |
| Hardik Hemendra Sanghvi Also directs: Vmukti Solutions Private Limited | Director | 01 Sep 2004 | 22 Years 1 Months | Current |
Financials of Adiance Technologies Private Limited FY 2025 filings available
Adiance Technologies Private Limited reported revenue of ₹132.92 Cr (up 149% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Adiance Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 149% growth in the latest year. EBITDA rose 317% 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 Adiance Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹31.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.51 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Adiance Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
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| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Adiance Technologies 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 Adiance Technologies 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.
Group Structure of Adiance Technologies Private Limited
Adiance Technologies has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vmukti Solutions Private Limited | U72200GJ2007PTC051877 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Adiance Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Mar 2025 | Hdfc Bank Limited | ₹3 Cr | Open |
| 29 Nov 2007 | Corporation Bank | ₹10 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Adiance Technologies Private Limited
Adiance Technologies Private Limited has a workforce of 0 employees as of Apr 08, 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 Adiance Technologies Private Limited
Adiance Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA7251Q1ZC | Gujarat | Active | 01 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.
Credit Ratings, Litigation & Regulatory Alerts for Adiance Technologies 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 Adiance Technologies 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 Adiance Technologies 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 Adiance Technologies 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 Adiance Technologies Private Limited
Frequently Asked Questions about Adiance Technologies Private Limited
Adiance Technologies is an active private limited company based in Ahmadabad City, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 December 2003 (23+ years old) and is registered under CIN U72200GJ2003PTC043259.
Adiance Technologies reported revenue of ₹132.92 Cr for FY 2025 (up 149% YoY).
Adiance Technologies has 3 current directors:
- Hemendra Dhirajlal Sanghvi - Director
- Kushal Hemendra Sanghvi - Director
- Hardik Hemendra Sanghvi - Director
Adiance Technologies reported a net profit of ₹17.51 Cr (net margin 13.2%) and EBITDA of ₹31.52 Cr (EBITDA margin 23.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adiance Technologies is 79% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 149%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adiance Technologies is 24AAECA7251Q1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of Adiance Technologies is U72200GJ2003PTC043259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adiance Technologies was incorporated on 01 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adiance Technologies can be reached through the website adiance.com. Its registered office is in Ahmadabad City, Gujarat, India.