About Asite Solutions Private Limited
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Asite Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Asite Solutions Limited. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 07 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2005PTC047023. Its GSTIN is 24AAFCA4447F1ZY (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ritesh Singh Narain and Nathan Roy Doughty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A4 Shivalik Business Centre B/H Rajpath Club Opp. Kens Ville Golf Academy Bodakdev, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.57 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹6.86 Cr (net margin 10.1%) and EBITDA of ₹9.94 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 24% over five years.
The company has about 362 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Seasite and Asite. As per MCA filings, the company has open charges of ₹2 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 asite.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
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- Registered AddressA4 Shivalik Business Centre B/H Rajpath Club Opp. Kens Ville Golf Academy Bodakdev, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, Cloud Computing & Cloud 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 Asite Solutions Private Limited
The main business activity of Asite 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 Asite Solutions Private Limited FY 2024 filings available
Asite Solutions Private Limited reported revenue of ₹67.57 Cr (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Asite Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 10% growth in the latest year. EBITDA rose 22% 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 Asite 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.86 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 Asite Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.1% | •••• | •••• | •••• | •••• |
| 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 Asite 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 Asite Solutions Private Limited
Asite Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Cloud Computing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Applied Cloud Computing Private Limited | ₹86.07 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Thane, Maharashtra, India |
| Dataevolve Solutions Private Limited | ₹83.74 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
| Cloudkeeper India Private Limited | ₹79.16 Cr (FY 2025) | •••• | •••• | 22200.0% | •••• | New Delhi, Delhi, India |
| Appirio India Cloud Solutions Private Limited | ₹76.6 Cr (FY 2018) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| DCM Infotech Limited | ₹70.43 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Asite Solutions Private Limited this company | ₹67.57 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Sada Systems India Private Limited | ₹64.34 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Thiruvananthapuram, Kerala, India |
| Cloudside Technologies Private Limited | ₹63.95 Cr (FY 2025) | •••• | •••• | 121.0% | •••• | Bengaluru, Karnataka, India |
| Skyhigh Networks Technologies Private Limited | ₹63.61 Cr (FY 2019) | •••• | •••• | -22.0% | •••• | Bangalore, Karnataka, India |
| Data Maven Private Limited | ₹63.01 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Nagpur, Maharashtra, India |
| Digitral Private Limited | ₹60.82 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Asite Solutions by revenue in the Information Technology industry (Cloud Computing), 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 Asite Solutions Private Limited
Asite Solutions Private Limited is audited by RAMESH P. JAIN & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAMESH P. JAIN & 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 Asite Solutions Private Limited
Asite Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Singh Narain Also directs: Fairconnect Financial Services Private Limited | Director | 07 Nov 2005 | 20 Years 11 Months | Current |
| Nathan Roy Doughty | Director | 07 Nov 2005 | 20 Years 11 Months | Current |
Ownership and Shareholding of Asite 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 Asite Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2018 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Asite Solutions Private Limited
Asite Solutions operates two associated brands: Seasite and Asite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as an online marketplace for cruise meetings and related services. | seasite.com | |
| Cloud platform for project information management in construction and real estate sectors. | asite.com |
Employees and EPFO Compliance at Asite Solutions Private Limited
Asite Solutions Private Limited has a workforce of 362 employees as of Apr 06, 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.
News related to Asite Solutions Private Limited
Recent Activity on Asite Solutions Private Limited
Asite Solutions Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Nathan Roy Doughty was appointed as Director on 07 Nov 2005.
Credit Ratings, Litigation & Regulatory Alerts for Asite 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 Asite 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 Asite 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 Asite Solutions Private Limited
Asite Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA4447F1ZY | Gujarat | Active | 01 Jul 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 Asite 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 Asite Solutions Private Limited
Asite Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 07 November 2005 (21+ years old) and is registered under CIN U72200GJ2005PTC047023.
Asite Solutions reported revenue of ₹67.57 Cr for FY 2024 (up 10% YoY).
Asite Solutions has 2 current directors:
- Ritesh Singh Narain - Director
- Nathan Roy Doughty - Director
Asite Solutions reported a net profit of ₹6.86 Cr (net margin 10.1%) and EBITDA of ₹9.94 Cr (EBITDA margin 14.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asite Solutions is 28% over three years and 24% over five years. In the latest year (FY 2024) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asite Solutions is 24AAFCA4447F1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Asite Solutions is U72200GJ2005PTC047023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asite Solutions was incorporated on 07 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Asite Solutions by revenue are Applied Cloud Computing Private Limited, Dataevolve Solutions Private Limited, Cloudkeeper India Private Limited, Appirio India Cloud Solutions Private Limited, DCM Infotech Limited and 5 more, all in the Information Technology industry (Cloud Computing).
Nathan Roy Doughty was appointed as Director on 07 Nov 2005. Ritesh Singh Narain was appointed as Director on 07 Nov 2005.
Asite Solutions can be reached through the website asite.com. Its registered office is in Ahmedabad, Gujarat, India.