About Aqm Technologies Private Limited
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Aqm Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 22 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2016PTC288798. Its GSTIN is 27AAQCA5170J1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹4.28 Lakh. It is led by directors Lipika Biswanath Pal and Madhavji Mohanlal Bhadra.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A 503 5th Floor Kailash Esplanade L B S Marg Ghatkopar (West), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2025, the company reported a revenue of ₹146.51 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹14.56 Cr (net margin 9.9%) and EBITDA of ₹22.12 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 20% over five years.
The company has about 1,085 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: AQM Technologies and BOTm. As per MCA filings, the company has open charges of ₹17.7 Cr 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 aqmtechnologies.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressA 503 5th Floor Kailash Esplanade L B S Marg Ghatkopar (West), Mumbai, Maharashtra, India – 400086
- IndustryInformation Technology, Software Development & 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
Associated Brands with Aqm Technologies Private Limited
Aqm Technologies operates two associated brands: AQM Technologies and BOTm. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software testing lab for digital, security, and functional testing in BFSI. | aqmtechnologies.com | |
| Codeless platform for automated and manual mobile app testing. | botmtesting.com |
Competitors & Alternatives of Aqm Technologies Private Limited
Brands and companies operating in the same space as Aqm Technologies Private Limited include Headspin, Spirent, Sauce Labs and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Headspin | Cloud-based IT experience and continuous testing solutions are offered. | Palo Alto, United States | 2014 |
 Spirent | Provider of automated testing and assurance solutions for networks, security, and positioning | Crawley, United Kingdom | 1936 |
 Sauce Labs | Cloud based cross browser testing solutions provider | San Francisco, United States | 2008 |
 QualiTest | Software testing services are provided across multiple industries. | London, United Kingdom | 1997 |
 Opkey | AI-powered test automation platform for enterprise resource planning is provided. | Dublin, Ireland | 2013 |
 Kobiton | AI-powered automated testing solutions for mobile devices are provided. | Atlanta, United States | 2016 |
 Testim | Web test automation solutions provider | San Francisco, United States | 2014 |
 Cigniti | Independent software testing services are provided with proprietary tools. | Irving, United States | 1998 |
 SOAIS | Cloud services for application development and enterprise support are provided. | Bengaluru, India | 2006 |
 App Labs | Provider of software testing services | Philadelphia, United States | 2001 |
Business Activity of Aqm Technologies Private Limited
The main business activity of Aqm Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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.
Auditor Details of Aqm Technologies Private Limited
Aqm Technologies Private Limited is audited by Shah Shah Thakkar & Co. Llp for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shah Shah Thakkar & Co. Llp | 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 Aqm Technologies Private Limited
Aqm Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lipika Biswanath Pal | Director | 31 Dec 2019 | 6 Years 9 Months | Current |
| Madhavji Mohanlal Bhadra | Director | 22 Dec 2016 | 9 Years 9 Months | Current |
Financials of Aqm Technologies Private Limited FY 2025 filings available
Aqm Technologies Private Limited reported revenue of ₹146.51 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aqm Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 12% growth in the latest year. EBITDA rose 11% 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 Aqm Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹22.12 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.56 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Aqm Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 15.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Aqm Technologies are in the company report.
Financial statements from FY 2017
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.
Ownership and Shareholding of Aqm Technologies 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.
Group Structure of Aqm Technologies Private Limited
Aqm Technologies has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Aqm Innovalab Private Limited | U72501MH2019PTC334919 | Locked |
| Path Glow Edulab Private Limited | U72900MH2019PTC334926 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Aqm Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Dec 2024 | Others | ₹17.21 Lakh | Open |
| 21 Nov 2023 | Others | ₹53 Lakh | Open |
| 25 Nov 2019 | The Hongkong and Shanghai Banking Corporation Limited | ₹17 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Aqm Technologies Private Limited
Aqm Technologies Private Limited has a workforce of 1,085 employees as of Apr 08, 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.
GST Compliance of Aqm Technologies Private Limited
Aqm Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCA5170J1ZA | Maharashtra | Active | 19 Sep 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.
Credit Ratings, Litigation & Regulatory Alerts for Aqm Technologies 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 Aqm Technologies 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 Aqm Technologies 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.
MCA Filings & Documents of Aqm Technologies 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.
Recent Activity on Aqm Technologies Private Limited
Recent News on Aqm Technologies Private Limited
Frequently Asked Questions about Aqm Technologies Private Limited
Aqm Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 22 December 2016 (10+ years old) and is registered under CIN U93000MH2016PTC288798.
Aqm Technologies reported revenue of ₹146.51 Cr for FY 2025 (up 12% YoY).
Aqm Technologies has 2 current directors:
- Lipika Biswanath Pal - Director
- Madhavji Mohanlal Bhadra - Director
Aqm Technologies reported a net profit of ₹14.56 Cr (net margin 9.9%) and EBITDA of ₹22.12 Cr (EBITDA margin 15.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aqm Technologies is 22% over three years and 20% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aqm Technologies is 27AAQCA5170J1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aqm Technologies is U93000MH2016PTC288798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aqm Technologies was incorporated on 22 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Aqm Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).