About Apinet Solutions Private Limited
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Apinet Solutions Private Limited is a private limited company based in Bhubaneswar, Orissa, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2009PTC011285. Its GSTIN is 21AAICA0379D3Z4 (Odisha). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Choudhury Srikant Das (Managing Director) and Krushna Chandra Patra.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No – Ma – 50 Badagada Brit Colony Ps – Badagada, Bhubaneswar, Orissa, India – 751018.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.94 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹7,898 (net margin 0.5%) and EBITDA of ₹2.42 Lakh (EBITDA margin 16.2%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 23% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.2 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 apinets.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No – Ma – 50 Badagada Brit Colony Ps – Badagada, Bhubaneswar, Orissa, India – 751018
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Apinet Solutions Private Limited
The main business activity of Apinet Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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.
Financials of Apinet Solutions Private Limited FY 2024 filings available
Apinet Solutions Private Limited reported revenue of ₹14.94 Lakh (up 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Apinet Solutions Private Limited
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA fell 9% 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 Apinet Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.42 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7,898 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Apinet Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Apinet 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.
Peer Comparison of Apinet Solutions Private Limited
Apinet Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brewit Technologies Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Rekha Advertising Private Limited | •••• | •••• | •••• | •••• | - | Daryaganj, Delhi, India |
| Delphin Technologies Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Sindbad D Sailor Media Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Videre Soft Consulting Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Apinet Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Bhubaneswar, Orissa, India |
| Canvas IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Dehradun, Uttarakhand, India |
| Fimo Info Solutions Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Gaps Technologies Private Limited | •••• | •••• | •••• | •••• | - | Jodhpur, Rajasthan, India |
| VM Intellisenseit Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Computer Factory (India) Private Limited | •••• | •••• | •••• | •••• | 30 | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Apinet Solutions by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Apinet Solutions Private Limited
Apinet Solutions Private Limited is audited by A K LENKA & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A K LENKA & 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 Apinet Solutions Private Limited
Apinet Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krushna Chandra Patra | Director | 06 Nov 2009 | 16 Years 11 Months | Current |
| Choudhury Abhijit Das | Director | 06 Nov 2009 | 16 Years 11 Months | Current |
| Choudhury Srikant Das | Managing Director | 06 Nov 2009 | 16 Years 11 Months | Current |
Ownership and Shareholding of Apinet 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 Apinet Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jan 2021 | Canara Bank | ₹8.2 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Apinet Solutions Private Limited
Apinet Solutions Private Limited has a workforce of 12 employees as of Mar 30, 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.
Recent Activity on Apinet Solutions Private Limited
Apinet Solutions Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Biswajit Swain ceased to be Director on 29 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Apinet 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 Apinet 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 Apinet 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.
GST Compliance of Apinet Solutions Private Limited
Apinet Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICA0379D3Z4 | Odisha | Active | 27 Feb 2018 |
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.
MCA Filings & Documents of Apinet 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.
Frequently Asked Questions about Apinet Solutions Private Limited
Apinet Solutions is an active private limited company based in Bhubaneswar, Orissa, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 November 2009 (17+ years old) and is registered under CIN U72200OR2009PTC011285.
Apinet Solutions reported revenue of ₹14.94 Lakh for FY 2024 (up 8% YoY).
Apinet Solutions has 3 current directors:
- Choudhury Srikant Das - Managing Director
- Krushna Chandra Patra - Director
- Choudhury Abhijit Das - Director
Apinet Solutions reported a net profit of ₹7,898 (net margin 0.5%) and EBITDA of ₹2.42 Lakh (EBITDA margin 16.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Apinet Solutions is 15% over three years and -23% over five years. In the latest year (FY 2024) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Apinet Solutions is 21AAICA0379D3Z4, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Apinet Solutions is U72200OR2009PTC011285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apinet Solutions was incorporated on 06 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Apinet Solutions by revenue are Brewit Technologies Private Limited, Rekha Advertising Private Limited, Delphin Technologies Private Limited, Sindbad D Sailor Media Private Limited, Videre Soft Consulting Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Biswajit Swain ceased to be Director on 29 May 2019. Choudhury Abhijit Das was appointed as Director on 06 Nov 2009. Choudhury Srikant Das was appointed as Managing Director on 06 Nov 2009. Apinet Solutions has 4 board changes on record in total.
Apinet Solutions can be reached through the website apinets.com. Its registered office is in Bhubaneswar, Orissa, India.