About Algovation Private Limited
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Algovation Private Limited is a private limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U72900UP2020PTC126003. Its GSTIN is 09AATCA2051P1Z3 (Uttar Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mrinal Pant and Shashank Pandey.
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 1/154 Chiranjeev Vihar, Ghaziabad, Uttar Pradesh, India – 201001.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.8 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25.25 Lakh (net margin 9%) and EBITDA of ₹31.41 Lakh (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years.
The company is associated with 1 brand: Algovation.
For more details, the company can be reached via its website algovation.in.
Company details
Contact details
Algovation Private Limited's registered office is in Ghaziabad, Uttar Pradesh. Its website is algovation.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1/154 Chiranjeev Vihar, Ghaziabad, Uttar Pradesh, India – 201001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Algovation Private Limited, buy the company report.
- 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
Brands
Algovation operates one associated brand: Algovation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for mobile-based casual video games. | algovation.in |
Business activity
The main business activity of Algovation 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 Algovation Private Limited, buy the company report.
Financials of Algovation Private Limited
FY 2024 filings availableAlgovation Private Limited reported revenue of ₹2.8 Cr (up 209% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 61% over three years, including 209% growth in the latest year. EBITDA rose 299% 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 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.8 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹31.41 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.25 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Algovation Private Limited, buy the company report.
Board of directors of Algovation Private Limited
Algovation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrinal Pant Also directs: Aerocode Private Limited | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Shashank Pandey Also directs: Aerocode Private Limited | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Algovation Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Odournet Holding India Private Limited | ₹2.81 Cr (FY 2025) | 56.0% | Panaji, Goa, India | |||
| Zartek Technologies Private Limited | ₹2.81 Cr (FY 2025) | 14.0% | Tirur, Kerala, India | |||
| Pinakiin Creations Private Limited | ₹2.81 Cr (FY 2024) | -33.0% | Pune, Maharashtra, India | |||
| Fancy Glass India Private Limited | ₹2.81 Cr (FY 2024) | Nagpur, Maharashtra, India | ||||
| Synextic Global Business Solution Private Limited | ₹2.8 Cr (FY 2025) | 21.0% | Pune, Maharashtra, India | |||
| Algovation Private Limitedthis company | ₹2.8 Cr (FY 2024) | ₹25.25 Lakh | 9% | 209.0% | Ghaziabad, Uttar Pradesh, India | |
| Mindgrow Infosoft Private Limited | ₹2.8 Cr (FY 2017) | 423.0% | Lucknow, Uttar Pradesh, India | |||
| Intrenio Engineering Solutions Private Limited | ₹2.8 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Flow Interio Private Limited | ₹2.8 Cr (FY 2024) | 142.0% | Hyderabad, Telangana, India | |||
| Terminus Consulting Services Private Limited | ₹2.8 Cr (FY 2022) | 1819.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Algovation Private Limited, buy the company report.
Auditor
Algovation Private Limited is audited by ASHWARYACHANDRA for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWARYACHANDRA | FY 2024 | 451264 |
Shareholding
The shareholding of Algovation 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 Algovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Algovation 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 Algovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Algovation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AATCA2051P1Z3 | Uttar Pradesh | Active | 02 Dec 2020 |
To see the full GST registrations and return filing status of Algovation Private Limited, buy the company report.
Recent activity
Algovation Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mrinal Pant was appointed as Director on 22 Jan 2020.
Frequently asked questions
Algovation is an active private limited company based in Ghaziabad, Uttar Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 January 2020 (6+ years old) and is registered under CIN U72900UP2020PTC126003.
Algovation has 2 current directors:
- Mrinal Pant - Director
- Shashank Pandey - Director
The latest financial statements of Algovation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Algovation is 09AATCA2051P1Z3, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Algovation is U72900UP2020PTC126003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algovation was incorporated on 22 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Algovation by revenue are Odournet Holding India Private Limited, Zartek Technologies Private Limited, Pinakiin Creations Private Limited, Fancy Glass India Private Limited, Synextic Global Business Solution Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Mrinal Pant was appointed as Director on 22 Jan 2020. Shashank Pandey was appointed as Director on 22 Jan 2020.
Algovation can be reached through the website algovation.in. Its registered office is in Ghaziabad, Uttar Pradesh, India.
The registered office of Algovation is at 1154 Chiranjeev Vihar, Ghaziabad, Uttar Pradesh, India – 201001.
Algovation operates in the information technology industry, in the application development and software solutions segment.
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