About Aquity Solutions India Private Limited
Data last updated: 05 January 2026
Aquity Solutions India Private Limited is a private limited company based in Airoli Navi Mumbai, Maharashtra, India, a subsidiary of Aquity Holdings Inc.. It specialises in medical transcription, a part of the broader business process outsourcing sector. Incorporated on 16 June 1999, the company has been in operation for over 27 years.
Registered with ROC Mumbai under CIN U72900MH1999PTC120346.
Capital: an authorised share capital of ₹84.3 Cr and a paid-up capital of ₹15.71 Cr. Formerly known as Cbay Systems (India) Private Limited and Mmodal Global Services Private Limited. It is led by directors including Mitul Dipak Thakker and Nithya Balasubramanian.
Last AGM: 30 June 2025. Financial statements filed for year ended 31 March 2025. Office: Airoli Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹280.22 Cr, a decline of 3% compared to the previous year.
The company has a workforce of approximately 3,673 employees as per the latest available data. It operates as a subsidiary of Aquity Holdings Inc..
The company is associated with 1 brand - Cbayscribe. As per MCA filings, the company has open charges of ₹33.5 Cr and satisfied charges of ₹117.12 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 aquitysolutions.in.
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Registered Address1St Floor Unit No. 103 Reliable Plaza Plot No. K 10 Kalwa Industrial Area Village – E, Lthen, Airoli Navi Mumbai, Maharashtra, India – 400708
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IndustryBusiness Outsourcing, Medical Transcription
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Aquity Solutions India Private Limited
Aquity Solutions India Private Limited has undergone 3 name changes throughout its history. The company was previously known as Cbay Systems (India) Private Limited, Mmodal Global Services Private Limited, and Aquity Solutions India Private Limited. The current legal name is Aquity Solutions India Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Aquity Solutions India Private Limited | Current |
| Cbay Systems (India) Private Limited | Previous |
| Mmodal Global Services Private Limited | Previous |
Associated Brands with Aquity Solutions India Private Limited
Aquity Solutions India Private Limited operates one associated brand: CBayScribe. These brands represent Aquity Solutions India Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Healthcare BPO services in transcription, coding, and imaging are delivered. | cbayscribe.com |
Competitors & Alternatives of Aquity Solutions India Private Limited
Brands and companies operating in the same space as Aquity Solutions India Private Limited include Centivo, Access Healthcare, Rennova Health and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Centivo
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Provider of self funded health plan | New York, United States, United States | 2017 |
Access Healthcare
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Provider of revenue cycle management, BPO, IT, and finance and accounting services | Chennai, India, India | 2011 |
Rennova Health
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Software solutions for laboratory diagnostics are provided to healthcare. | West Palm Beach, United States, United States | 1989 |
MultiPlan
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Medical payment integrity and analytics services are provided by MultiPlan. | New York, United States, United States | 1980 |
Omega Healthcare
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Healthcare outsourcing services are provided to various sectors. | Boca Raton, United States, United States | 2003 |
iMedX
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Revenue cycle management platform is provided to healthcare providers. | Atlanta, United States, United States | 2002 |
EyeCare Partners
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Provider of revenue cycle management, staffing, marketing, and IT & business support services | Ballwin, United States, United States | 2015 |
VMG Health
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Healthcare transaction advisory services are provided by VMG Health. | Dallas, United States, United States | 1995 |
Convey Health
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Healthcare technology and outsourcing solutions are provided for health plans. | Sunrise, United States, United States | 2001 |
Light Wave Dental
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Dental practice brokerage services are provided to facilitate transactions. | Woodbridge, United States, United States | 2010 |
Business Activity of Aquity Solutions India Private Limited
Aquity Solutions India Private Limited is engaged in the principal business activity of information and communication, with detailed activities including 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 for Aquity Solutions India Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Aquity Solutions India Private Limited
Aquity Solutions India Private Limited is audited by SKLR & Co. LLP for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SKLR & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Aquity Solutions India Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Aquity Solutions India Private Limited
Aquity Solutions India Private Limited is currently managed by 3 directors, with 25 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Mitul Dipak Thakker
Also directs:
Iks Cares Foundation
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Director | 16 Jul 2024 | 2 Years 0 Months | Current |
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Nithya Balasubramanian
Also directs:
Iks Cares Foundation, Inventurus Knowledge Solutions Limited
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Whole-Time Director | 26 Jun 2024 | 2 Years 1 Months | Current |
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Gaurav Jain
Also directs:
Iks Cares Foundation
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Director | 16 Jul 2024 | 2 Years 0 Months | Current |
Financials of Aquity Solutions India Private Limited FY 2025 filings available
Aquity Solutions India Private Limited reported revenue of ₹280.22 Cr (down 3.00% YoY) for FY 2025.
Ten-year financial statements for Aquity Solutions India Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Aquity Solutions India Private Limited
Shareholding and ownership data for Aquity Solutions India Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Aquity Solutions India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Feb 2025 | Jp Morgan Chase Bank, N.A. | ₹3.5 Cr | Open |
| 15 Mar 2024 | Hdfc Bank Limited | ₹30 Cr | Open |
| 29 Jan 2019 | Others | ₹2 Cr | Satisfied |
| 29 Dec 2017 | Hdfc Bank Limited | ₹20 Lakh | Satisfied |
| 16 Dec 2017 | Hdfc Bank Limited | ₹30 Lakh | Satisfied |
Total charge records: 31 View all charges
Employees and EPFO Compliance at Aquity Solutions India Private Limited
Aquity Solutions India Private Limited has a workforce of 3,673 employees as of Apr 05, 2024.
Employee and EPFO history for Aquity Solutions India Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Aquity Solutions India Private Limited
GST registrations and filing compliance for Aquity Solutions India Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Aquity Solutions India Private Limited
Credit ratings, litigation, and regulatory alerts for Aquity Solutions India Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Aquity Solutions India Private Limited
MSME payment history for Aquity Solutions India Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Aquity Solutions India Private Limited
Corporate group structure for Aquity Solutions India Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Aquity Solutions India Private Limited
MCA filings and documents for Aquity Solutions India Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Aquity Solutions India Private Limited
Recent News on Aquity Solutions India Private Limited
Frequently Asked Questions about Aquity Solutions India Private Limited
Aquity Solutions India Private Limited is an active private limited company in the business outsourcing sector based in Airoli Navi Mumbai, Maharashtra, India. It was incorporated on 16 June 1999 (27+ years old) and is registered under CIN U72900MH1999PTC120346. The company has 3,673 employees.
Aquity Solutions India Private Limited reported revenue of ₹280.22 Cr for FY 2025 (down 3.00% YoY).
The current directors of Aquity Solutions India Private Limited are:
- Mitul Dipak Thakker - Director
- Nithya Balasubramanian - Whole-Time Director
- Gaurav Jain - Director
The primary industry of Aquity Solutions India Private Limited is business outsourcing. The company specifically operates in medical transcription. The company is currently active in this sector.
Aquity Solutions India Private Limited can be reached at the registered office: 1St Floor Unit No. 103 Reliable Plaza Plot No. K 10 Kalwa Industrial Area Village – E, Lthen, Airoli Navi Mumbai, Maharashtra, India – 400708, or through the website aquitysolutions.in.
The authorised capital is ₹84.3 Cr, and the paid-up capital is ₹15.71 Cr.