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 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 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.
- EmailLocked
- TelephoneLocked
- 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
- 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 Apps Associates (I) Private Limited
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 | 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 Apps Associates (I) Private Limited FY 2025 filings available
Apps Associates (I) Private Limited reported revenue of ₹189.88 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Apps Associates (I) Private Limited
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 of Apps Associates (I) Private Limited
| 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 of Apps Associates (I) Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Apps Associates (I) are in the company report.
Financial statements from FY 2018
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 Apps Associates (I) Private Limited
Apps Associates (I) Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| 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 Limited this company | ₹189.88 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | 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 |
| Rtcompu Solutions India Private Limited | ₹188.11 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Hubli, Karnataka, India |
| Civica Resource Private Limited | ₹187.92 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Vadodara, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Apps Associates (I) by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Apps Associates (I) Private Limited
Apps Associates (I) Private Limited is audited by KALYANA AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KALYANA AND 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 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 | 6 Years 11 Months | Current |
| Adrian Timothy King | Director | 14 Oct 2019 | 6 Years 11 Months | Current |
| Venkata Raja Pavan Vonkayalapati | Director | 27 Jul 2021 | 5 Years 2 Months | Current |
Ownership and Shareholding of Apps Associates (I) 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 Apps Associates (I) Private Limited
Apps Associates (I) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Apps Associates (I) Private Limited
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, |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Apps Associates (I) Private Limited
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 |
Employees and EPFO Compliance at Apps Associates (I) Private Limited
Apps Associates (I) Private Limited has a workforce of 866 employees as of Apr 09, 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 Apps Associates (I) Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Apps Associates (I) 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 Apps Associates (I) 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 Apps Associates (I) 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 Apps Associates (I) Private Limited
Apps Associates (I) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAQCA2123D1Z1 | Telangana | Active | 27 Nov 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.
MCA Filings & Documents of Apps Associates (I) 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 Apps Associates (I) Private Limited
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) reported revenue of ₹189.88 Cr for FY 2025 (down 5% YoY).
Apps Associates (I) has 3 current directors:
- Muthukkaruppan Chandru - Director
- Adrian Timothy King - Director
- Venkata Raja Pavan Vonkayalapati - Director
Apps Associates (I) reported a net profit of ₹20.98 Cr (net margin 11%) and EBITDA of ₹29.76 Cr (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Apps Associates (I) is 6% over three years and 13% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
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 5 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.