Startup India Government of India
Algoocean Technologies Private Limited - information technology in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹36.81 Lakh
▲ 10% YoY
Net loss · FY 2024
₹58.68 Lakh
Net margin -159.4%
EBITDA · FY 2024
-₹57.16 Lakh
EBITDA margin -155.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Algoocean Technologies Private Limited
Data last updated:
Algoocean Technologies Private Limited is a private limited company based in Thane, Maharashtra, 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 13 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC341852. Its GSTIN is 27ABDCS9499N1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Staticcodes Solutions Private Limited. It is led by directors Hitesh Prakashlal Ahuja and Simran Kaur Jasbir Singh Phull.
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 Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.81 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹58.68 Lakh (net margin -159.4%) and EBITDA of -₹57.16 Lakh (EBITDA margin -155.3%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
Algoocean Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0010926). For more details, the company can be reached via its website algoocean.com.
Company details
CIN U72900MH2020PTC341852
Registration Number 341852
Incorporation Date 13 July 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0010926
Name history
Algoocean Technologies has undergone 2 name changes throughout its history. The company was previously known as Algoocean Technologies Private Limited, and Staticcodes Solutions Private Limited. The current legal name is Algoocean Technologies Private Limited.
| Company Name | Status |
|---|---|
| Algoocean Technologies Private Limited | Current |
| Staticcodes Solutions Private Limited | Previous |
Recognitions & Rankings of Algoocean Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0010926
Contact details
Algoocean Technologies Private Limited's registered office is in Thane, Maharashtra. Its website is algoocean.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 124 1st Floor Regency Plaza, Kalyan – Amba, Thane, Maharashtra, India – 421002
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Algoocean Technologies Private Limited, buy the company report.
Comprehensive company report
Algoocean Technologies 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 Algoocean Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Algoocean Technologies Private Limited, buy the company report.
Financials of Algoocean Technologies Private Limited
FY 2025 filings availableAlgoocean Technologies Private Limited reported revenue of ₹36.81 Lakh (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹36.81 Lakh ▲ 10%
Net loss · FY 2024
₹58.68 Lakh margin -159.4%
EBITDA · FY 2024
-₹57.16 Lakh margin -155.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 80%
EBITDA CAGR growth
3 years · compounded
▼ 136%
Revenue has grown at a compounded annual rate (CAGR) of 80% over three years, including 10% 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 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 | -₹57.16 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹58.68 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 | -155.3% | |||
| Net Profit Margin | -159.4% | |||
| 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 Algoocean Technologies Private Limited, buy the company report.
Board of directors of Algoocean Technologies Private Limited
Algoocean Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Prakashlal Ahuja Also directs: Enso Webworks Private Limited, Youiocean Private Limited | Director | 13 Jul 2020 | 6 Years 4 Months | Current |
| Simran Kaur Jasbir Singh Phull Also directs: Youiocean Private Limited | Director | 06 Nov 2025 | 1 Years 0 Months | Current |
Peer comparison
Algoocean Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apni Sec Private Limited | ₹36.91 Lakh (FY 2024) | 6.0% | Bangalore, Karnataka, India | |||
| Revealer Global Solutions Private Limited | ₹36.91 Lakh (FY 2025) | 38.0% | Bangalore, Karnataka, India | |||
| Berarkrays Studio Private Limited | ₹36.86 Lakh (FY 2025) | 21.0% | Chennai, Tamil Nadu, India | |||
| MVDB Tech Services (OPC) Private Limited | ₹36.85 Lakh (FY 2025) | -45.0% | Pilani, Rajasthan, India | |||
| Agriculture Rural Development & Environmental Awarness Foundation | ₹36.84 Lakh (FY 2024) | 167.0% | Mumbai, Maharashtra, India | |||
| Algoocean Technologies Private Limitedthis company | ₹36.81 Lakh (FY 2024) | -₹58.68 Lakh | -159.4% | 10.0% | Thane, Maharashtra, India | |
| S. P. Techno Solution Private Limited | ₹36.81 Lakh (FY 2025) | -76.0% | Jaipur, Rajasthan, India | |||
| Harshitha Finnable Technologies Private Limited | ₹36.8 Lakh (FY 2025) | -48.0% | Khanamet, Telangana, India | |||
| Tricona Digital Private Limited | ₹36.79 Lakh (FY 2025) | -39.0% | Chandigarh, India | |||
| Amakein Technologies Private Limited | ₹36.77 Lakh (FY 2020) | 50.0% | Dharamshala, Himachal Pradesh, India | |||
| Quadrant 3S Erp Solutions Private Limited | ₹36.77 Lakh (FY 2025) | 33.0% | 2Nd Stage Bengaluru, Karnataka, India |
To see the full peer comparison of Algoocean Technologies Private Limited, buy the company report.
Auditor
Algoocean Technologies Private Limited is audited by GAURAV KANHAYALAL AGRAWAL for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAURAV KANHAYALAL AGRAWAL | FY 2023 | 182431 |
Shareholding
The shareholding of Algoocean Technologies Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Algoocean Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Algoocean Technologies 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 Algoocean Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Algoocean Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABDCS9499N1Z7 | Maharashtra | Active | 27 Aug 2020 |
To see the full GST registrations and return filing status of Algoocean Technologies Private Limited, buy the company report.
Recent activity
Algoocean Technologies Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Mahesh Parasram Ahuja ceased to be Director on 06 Nov 2025.
Ceased
Mahesh Parasram Ahuja ceased to be Director.
Appointed
Simran Kaur Jasbir Singh Phull was appointed as Director.
AGM
Algoocean Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Algoocean Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Appointed
Hitesh Prakashlal Ahuja was appointed as Director.
Appointed
Mahesh Parasram Ahuja was appointed as Director.
Incorporation
13 Jul 2020
Algoocean Technologies Private Limited was registered on 13 Jul 2020 with Roc Mumbai Ii & aged 6 years 4 months as per MCA records.
Frequently asked questions
Algoocean Technologies is an active private limited company based in Thane, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 13 July 2020 (6+ years old) and is registered under CIN U72900MH2020PTC341852.
Algoocean Technologies has 2 current directors:
- Hitesh Prakashlal Ahuja - Director
- Simran Kaur Jasbir Singh Phull - Director
The latest financial statements of Algoocean Technologies 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 Algoocean Technologies is 27ABDCS9499N1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Algoocean Technologies is U72900MH2020PTC341852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algoocean Technologies was incorporated on 13 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Algoocean Technologies by revenue are Apni Sec Private Limited, Revealer Global Solutions Private Limited, Berarkrays Studio Private Limited, MVDB Tech Services (OPC) Private Limited, Agriculture Rural Development & Environmental Awarness Foundation and 5 more, all in the same principal business activity (other information & communication service activities).
Mahesh Parasram Ahuja ceased to be Director on 06 Nov 2025. Simran Kaur Jasbir Singh Phull was appointed as Director on 06 Nov 2025. Hitesh Prakashlal Ahuja was appointed as Director on 13 Jul 2020. Algoocean Technologies has 4 board changes on record in total.
Yes, Algoocean Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Algoocean Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0010926).
Algoocean Technologies can be reached through the website algoocean.com. Its registered office is in Thane, Maharashtra, India.
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