About Aspigrow Technologies Private Limited
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Aspigrow Technologies Private Limited is a private limited company based in Ambattur, Tamil Nadu, 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 26 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2016PTC111659. Its GSTIN is 33AAOCA8900E1ZU (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Prakash Swaminathan and Praveenkumar Varadharajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ambattur, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹84.09 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Lakh (net margin 2.3%) and EBITDA of ₹7.69 Lakh (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 3% over five years.
The company is associated with 1 brand: Aspigrow. As per MCA filings, the company has open charges of ₹29 Lakh 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 aspigrow.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 52 3rd Street United Colony, Kolathur, Ambattur, Tamil Nadu, India – 600099
- 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
Business Activity of Aspigrow Technologies Private Limited
The main business activity of Aspigrow Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Aspigrow Technologies Private Limited FY 2025 filings available
Aspigrow Technologies Private Limited reported revenue of ₹84.09 Lakh (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aspigrow Technologies Private Limited
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. 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 Aspigrow Technologies 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 | ₹7.69 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.91 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Aspigrow Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 Aspigrow 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.
Peer Comparison of Aspigrow Technologies Private Limited
Aspigrow Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Forte Software Services India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Aparesh Compuvision Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sais Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Baylink Business Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Zealaeon Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Aspigrow Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Ambattur, Tamil Nadu, India |
| Caliban Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Nine-West Infotech Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Zreyas Technology Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Solitera Software Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Root Node India Private Limited | •••• | •••• | •••• | •••• | - | Virudhunagar, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Aspigrow Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Aspigrow Technologies Private Limited
Aspigrow Technologies Private Limited is audited by R V NARAYAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R V NARAYAN & ASSOCIATES | 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 Aspigrow Technologies Private Limited
Aspigrow Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Swaminathan Also directs: Med Marshal LLP | Director | 03 Dec 2018 | 7 Years 10 Months | Current |
| Praveenkumar Varadharajan Also directs: Med Marshal LLP | Director | 26 Jul 2016 | 10 Years 2 Months | Current |
Ownership and Shareholding of Aspigrow 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.
Charges & Borrowings of Aspigrow Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Mar 2024 | Tata Capital Housing Finance Limited | ₹29 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Aspigrow Technologies Private Limited
Aspigrow Technologies operates one associated brand: Aspigrow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers Salesforce consultancy and full stack development services. | aspigrow.com |
Employees and EPFO Compliance at Aspigrow Technologies Private Limited
Employment history and EPFO contributions of people linked to Aspigrow Technologies.
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 Aspigrow Technologies Private Limited
Aspigrow Technologies Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Vimal Das Adiyeri Cainadath ceased to be Director on 10 Jan 2019.
Credit Ratings, Litigation & Regulatory Alerts for Aspigrow 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 Aspigrow 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 Aspigrow 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.
GST Compliance of Aspigrow Technologies Private Limited
Aspigrow Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCA8900E1ZU | Tamil Nadu | Active | 15 Jun 2019 |
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 Aspigrow 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.
Frequently Asked Questions about Aspigrow Technologies Private Limited
Aspigrow Technologies is an active private limited company based in Ambattur, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 26 July 2016 (10+ years old) and is registered under CIN U72900TN2016PTC111659.
Aspigrow Technologies reported revenue of ₹84.09 Lakh for FY 2025 (down 24% YoY).
Aspigrow Technologies has 2 current directors:
- Prakash Swaminathan - Director
- Praveenkumar Varadharajan - Director
Aspigrow Technologies reported a net profit of ₹1.91 Lakh (net margin 2.3%) and EBITDA of ₹7.69 Lakh (EBITDA margin 9.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aspigrow Technologies is 16% over three years and 3% over five years. In the latest year (FY 2025) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aspigrow Technologies is 33AAOCA8900E1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Aspigrow Technologies is U72900TN2016PTC111659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspigrow Technologies was incorporated on 26 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Aspigrow Technologies by revenue are Forte Software Services India Private Limited, Aparesh Compuvision Private Limited, Sais Software Solutions Private Limited, Baylink Business Private Limited, Zealaeon Private Limited and 5 more, all in the Information Technology industry (Software Services).
Vimal Das Adiyeri Cainadath ceased to be Director on 10 Jan 2019. Prakash Swaminathan was appointed as Director on 03 Dec 2018. Praveenkumar Varadharajan was appointed as Director on 26 Jul 2016.
Yes, Aspigrow Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).