About Apps Associates (I) Private Limited
Data last updated:
Apps Associates (I) Private Limited is a foreign private limited company based in Hyderabad, Telangana, India, a subsidiary of Apps Associates Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017FTC120546. Its GSTIN is 36AAQCA2123D1Z1 (Telangana).
The company has an authorised share capital of ₹2.69 Cr and a paid-up capital of ₹2.69 Cr. It is led by directors including Muthukkaruppan Chandru and Adrian Timothy King.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Knowledge Park, Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹189.88 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹20.98 Cr (net margin 11%) and EBITDA of ₹29.76 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 13% over five years.
The company has about 866 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Apps Associates. The company has 1 deal on record (1 rights issue); the latest was in December 2017. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Vuram Technology Solutions Private Limited with revenue of ₹192.26 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website appsassociates.com.
Company details
Contact details
Apps Associates (I) Private Limited's registered office is in Hyderabad, Telangana. Its website is appsassociates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice 4 Tower 2 Wing A 4th Floor Survey 83/1 Plot 16, Knowledge Park Raidurg Panmaktha Village Serilingampally, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Apps Associates (I) 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
Apps Associates (I) operates one associated brand: Apps Associates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services & solutions provider in cloud, analytics, and integration | appsassociates.com |
Business activity
The main business activity of Apps Associates (I) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Apps Associates (I) Private Limited, buy the company report.
Financials of Apps Associates (I) Private Limited
FY 2025 filings availableApps Associates (I) Private Limited reported revenue of ₹189.88 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 17% 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 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 | ₹29.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.98 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | ||||
| Net Profit Margin | 11% | ||||
| 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 Apps Associates (I) Private Limited, buy the company report.
Board of directors of Apps Associates (I) Private Limited
Apps Associates (I) has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthukkaruppan Chandru Also directs: Shipconsole Private Limited | Director | 14 Oct 2019 | 7 Years 0 Months | Current |
| Adrian Timothy King | Director | 14 Oct 2019 | 7 Years 0 Months | Current |
| Venkata Raja Pavan Vonkayalapati | Director | 27 Jul 2021 | 5 Years 2 Months | Current |
Peer comparison
Apps Associates (I) Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vuram Technology Solutions Private Limited | ₹192.26 Cr (FY 2023) | -3.0% | Mumbai, Maharashtra, India | |||
| Lytus Technologies Private Limited | ₹191.99 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Microsemi Storage Solutions India Private Limited | ₹191.37 Cr (FY 2019) | 11.0% | Bangalore, Karnataka, India | |||
| Drishti-Soft Solutions Private Limited | ₹191.28 Cr (FY 2023) | 32.0% | Bangalore, Karnataka, India | |||
| Caresoft Global Private Limited | ₹190.49 Cr (FY 2024) | 22.0% | Coimbatore, Tamil Nadu, India | |||
| Apps Associates (I) Private Limitedthis company | ₹189.88 Cr (FY 2025) | ₹20.98 Cr | 11% | -5.0% | 866 | Hyderabad, Telangana, India |
| Vistex Asia-Pacific Private Limited | ₹188.29 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Equal Experts India Private Limited | ₹188.23 Cr (FY 2025) | 37.0% | Pune, Maharashtra, India | |||
| American Megatrends International India Private Limited | ₹188.23 Cr (FY 2025) | 46.0% | Chennai, Tamil Nadu, India | |||
| Civica Resource Private Limited | ₹187.92 Cr (FY 2025) | 4.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Apps Associates (I) Private Limited, buy the company report.
Auditor
Apps Associates (I) Private Limited is audited by KALYANA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALYANA AND CO | FY 2023 | 007095S |
Shareholding
The shareholding of Apps Associates (I) Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apps Associates (I) Private Limited, buy the company report.
Deals & funding
Apps Associates (I) Private Limited has 1 deal on record (1 rights issue); the latest was in December 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Rights issue | ₹26.38 Cr | Investors: Apps Associates LLC, |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Apps Associates (I) 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 Apps Associates (I) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Apps Associates (I) Private Limited has a workforce of 866 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Apps Associates (I) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAQCA2123D1Z1 | Telangana | Active | 27 Nov 2017 |
To see the full GST registrations and return filing status of Apps Associates (I) Private Limited, buy the company report.
Recent activity
Apps Associates (I) Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Venkata Raja Pavan Vonkayalapati ceased to be Additional Director on 07 Aug 2021.
Frequently asked questions
Apps Associates (I) is an active foreign private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 November 2017 (9+ years old) and is registered under CIN U72900TG2017FTC120546.
Apps Associates (I) has 3 current directors:
- Muthukkaruppan Chandru - Director
- Adrian Timothy King - Director
- Venkata Raja Pavan Vonkayalapati - Director
The latest financial statements of Apps Associates (I) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Apps Associates (I) is 36AAQCA2123D1Z1, registered in Telangana.
The CIN (Corporate Identification Number) of Apps Associates (I) is U72900TG2017FTC120546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apps Associates (I) was incorporated on 10 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
Apps Associates (I) has 1 deal on record (1 rights issue); the latest was in December 2017.
The peers of Apps Associates (I) by revenue are Vuram Technology Solutions Private Limited, Lytus Technologies Private Limited, Microsemi Storage Solutions India Private Limited, Drishti-Soft Solutions Private Limited, Caresoft Global Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Venkata Raja Pavan Vonkayalapati ceased to be Additional Director on 07 Aug 2021. Venkata Raja Pavan Vonkayalapati was appointed as Director on 27 Jul 2021. Bogelli Sridhar ceased to be Director on 01 Jul 2021. Apps Associates (I) has 9 board changes on record in total.
Apps Associates (I) can be reached through the website appsassociates.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Apps Associates (I) is at Office 4 Tower 2 Wing A 4th Floor Survey 831 Plot 16, Knowledge Park Raidurg Panmaktha Village Serilingampally, Hyderabad, Telangana, India – 500081.