About Asqi Advisors Private Limited
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Asqi Advisors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC260451. Its GSTIN is 27AAFCT2174E1ZF (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.25 Lakh. It was formerly known as Socap Credit Network Private Limited and Lnomega Systems Private Limited. It is led by directors Swapnil Vishnu Pawar and Palak Nitesh Nanjani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.44 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹5.68 Cr (net margin -127.9%) and EBITDA of -₹5.23 Cr (EBITDA margin -117.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: ASQI Systems and ASQI. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.59 Cr; the latest was in December 2021. Its 8 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 3 larger and 5 smaller; the largest is CSK Biocare Private Limited with revenue of ₹4.44 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 asqi.in.
Company details
Name history
Asqi Advisors has undergone 12 name changes throughout its history. The current legal name is Asqi Advisors Private Limited.
| Company Name | Status |
|---|---|
| Asqi Advisors Private Limited | Current |
| Socap Credit Network Private Limited | Previous |
| Lnomega Systems Private Limited | Previous |
| Socap Credittech Private Limited | Previous |
| Qitech Systems Private Limited | Previous |
| Florin Creditnet Technologies Private Limited | Previous |
| Alt-Wise Credit Network Private Limited | Previous |
| Techxist Entertainment India Private Limited | Previous |
| Socap Creditnet Technologies Private Limited | Previous |
| Florin Credit Network Private Limited | Previous |
| Creditnet Technologies Private Limited | Previous |
| Ecredit Network Technologies Private Limited | Previous |
| Mcredit Network Technologies Private Limited | Previous |
Contact details
Asqi Advisors Private Limited's registered office is in Mumbai, Maharashtra. Its website is asqi.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address105 Raheja Acropolis Apollo Bldg. Deonar Pada Road Devonar Village Chemb, Ur, Mumbai, Maharashtra, India – 400088
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Asqi Advisors Private Limited, buy the company report.
- 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
Brands
Asqi Advisors operates two associated brands: ASQI Systems and ASQI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive AI and data analytics services for businesses. | asqisys.com | |
| ASQI is focused on climate-smart agriculture and sustainability solutions. | asqi.in |
Business activity
The main business activity of Asqi Advisors is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Asqi Advisors Private Limited, buy the company report.
Financials of Asqi Advisors Private Limited
FY 2025 filings availableAsqi Advisors Private Limited reported revenue of ₹4.44 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹5.23 Cr | ||||
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| Net Profit (PAT) | -₹5.68 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -117.8% | ||||
| Net Profit Margin | -127.9% | ||||
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To see the full financial statements and ratios of Asqi Advisors Private Limited, buy the company report.
Board of directors of Asqi Advisors Private Limited
Asqi Advisors has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swapnil Vishnu Pawar Also directs: Asqi Ecochar LLP, Asqi Technologies Private Limited, Scient Capital Private Limited and 2 more | Director | 27 Oct 2017 | 9 Years 0 Months | Current |
| Palak Nitesh Nanjani Also directs: Asqi Ecochar LLP, Asqi Technologies Private Limited, Asqi Systems Private Limited and 1 more | Director | 15 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Asqi Advisors Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CSK Biocare Private Limited | ₹4.44 Cr (FY 2024) | 124.0% | Medchal, Telangana, India | |||
| Mysoho Realtech Private Limited | ₹4.44 Cr (FY 2024) | 229.0% | Chandigarh, India | |||
| Laversab India Aviation Private Limited | ₹4.44 Cr (FY 2024) | 8781.0% | Bangalore, Karnataka, India | |||
| Asqi Advisors Private Limitedthis company | ₹4.44 Cr (FY 2025) | -₹5.68 Cr | -127.9% | -24.0% | Mumbai, Maharashtra, India | |
| Pencillati Studios Private Limited | ₹4.44 Cr (FY 2024) | -14.0% | New Delhi, Delhi, India | |||
| Phidimensions Private Limited | ₹4.44 Cr (FY 2025) | 207.0% | Jagtial, Telangana, India | |||
| Oya Ventures (India) Private Limited | ₹4.44 Cr (FY 2025) | 7.0% | Secunderabad, Telangana, India | |||
| KKSV Business Services Private Limited | ₹4.44 Cr (FY 2025) | 59.0% | New Delhi, Delhi, India | |||
| D-Vark Private Limited | ₹4.43 Cr (FY 2025) | 58.0% | Surat, Gujarat, India |
To see the full peer comparison of Asqi Advisors Private Limited, buy the company report.
Auditor
Asqi Advisors Private Limited is audited by Kamdar Desai & Patel LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kamdar Desai & Patel LLP | FY 2022 | 104664W/W100805 |
Shareholding
The shareholding of Asqi Advisors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asqi Advisors Private Limited, buy the company report.
Deals & funding
Asqi Advisors Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.59 Cr; the latest was in December 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Funding round · Pre-Series A | ₹7.59 Cr | Investors: Founder's Room Capital, 3 individuals |
| Oct 2019 | Funding round | ₹1.5 Cr | Investors: an individual |
| Jun 2019 | Funding round | ₹1.5 Cr | Investors: 4 individuals |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vishnu Mohan Capital, an individual |
To see the full deal history of Asqi Advisors Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Asqi Advisors Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asqi Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Asqi Advisors has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Asqi Systems Private Limited | U74110MH2019PTC332563 | |
| Asqi Investment Managers Private Limited | U74900MH2016FTC274805 |
To see the full group structure of Asqi Advisors Private Limited, buy the company report.
GST
Asqi Advisors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCT2174E1ZF | Maharashtra | Active | 25 Jun 2019 |
To see the full GST registrations and return filing status of Asqi Advisors Private Limited, buy the company report.
Recent activity
Asqi Advisors Private Limited has 10 board changes on record since 2017: 2 appointments and 8 cessations. The latest: Mrunmayee Vikram Vikhe ceased to be Director on 25 Nov 2022.
1 earlier event is in the company report.
Frequently asked questions
Asqi Advisors is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 December 2014 (12+ years old) and is registered under CIN U74999MH2014PTC260451.
Asqi Advisors has 2 current directors:
- Swapnil Vishnu Pawar - Director
- Palak Nitesh Nanjani - Director
The latest financial statements of Asqi Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asqi Advisors is 27AAFCT2174E1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asqi Advisors is U74999MH2014PTC260451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asqi Advisors was incorporated on 29 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Asqi Advisors has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹10.59 Cr; the latest was in December 2021.
The peers of Asqi Advisors by revenue are CSK Biocare Private Limited, Mysoho Realtech Private Limited, Laversab India Aviation Private Limited, Pencillati Studios Private Limited, Phidimensions Private Limited and 3 more, all in the same principal business activity (other professional, scientific and technical activities).
Mrunmayee Vikram Vikhe ceased to be Director on 25 Nov 2022. Palak Nitesh Nanjani ceased to be Additional Director on 31 Dec 2021. Palak Nitesh Nanjani was appointed as Director on 15 Jan 2021. Asqi Advisors has 10 board changes on record in total.
Asqi Advisors can be reached through the website asqi.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Asqi Advisors is at 105 Raheja Acropolis Apollo Bldg. Deonar Pada Road Devonar Village Chemb, Ur, Mumbai, Maharashtra, India – 400088.