Asqi Systems Private Limited
About Asqi Systems Private Limited
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Asqi Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the advocacy segment of the professional services sector. It was incorporated on 05 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2019PTC332563. Its GSTIN is 27AASCA8979R1Z5 (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10,714. 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 105 Rajeha Acropolis Apollo Bldg. Deonar Pada Rd. Deonar Village Chembur, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.78 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹57,960 (net margin 7.4%) and EBITDA of ₹3.94 Lakh (EBITDA margin 50.6%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company is associated with 1 brand: ASQI Systems.
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- Registered Address105 Rajeha Acropolis Apollo Bldg. Deonar Pada Rd. Deonar Village Chembur, Mumbai, Maharashtra, India – 400088
- IndustryProfessional Services, Advocacy, Legal Services, Tax Consultant, Accounting
- 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
CIN History of Asqi Systems Private Limited
Asqi Systems has one previous CIN (Corporate Identification Number): U72900MH2019PTC332563. The current CIN is U74110MH2019PTC332563, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2019PTC332563 | Current |
| U72900MH2019PTC332563 | Previous |
Associated Brands with Asqi Systems Private Limited
Asqi Systems operates one associated brand: ASQI Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive AI and data analytics services for businesses. | asqisys.com |
Competitors & Alternatives of Asqi Systems Private Limited
Brands and companies operating in the same space as Asqi Systems Private Limited include EXL, Tech Mahindra, Quantiphi and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 EXL | Analytics and digital solutions for healthcare and banking are provided. | New York, United States | 1999 |
 Tech Mahindra | Provider of data analytics, cloud management, and business process outsourcing services | Pune, India | 1986 |
 Quantiphi | Provider of AI and machine learning services | Marlborough, United States | 2013 |
 Orioninc | Provider of AI, data analytics, application development and IT security services | Monmouth Junction, United States | 1993 |
 Firstsource | Firstsource is recognized as a global business process management partner. | Mumbai, India | 2001 |
 Ex Quanta | AI development services are provided by Ex Quanta. | New York, United States | 2018 |
 Capgemini | Cloud management, business consulting, and IT outsourcing services are provided. | Paris, France | 1967 |
 phData | Provider of end to end services for Data Engineering and Machine Learning | Minneapolis, United States | 2014 |
 Artefact | Digital marketing services provider | Paris, France | 1998 |
 Mindee | Data extraction from documents is enabled via API platform. | San Francisco, United States | 2017 |
Business Activity of Asqi Systems Private Limited
The main business activity of Asqi Systems 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.
Board of Directors of Asqi Systems Private Limited
Asqi Systems 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 |
|---|---|---|---|---|
| Swapnil Vishnu Pawar Also directs: Asqi Ecochar LLP, Asqi Technologies Private Limited, Scient Capital Private Limited and 2 more | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
| Palak Nitesh Nanjani Also directs: Asqi Ecochar LLP, Asqi Technologies Private Limited, Asqi Advisors Private Limited and 1 more | Director | 18 Jan 2021 | 5 Years 8 Months | Current |
Financials of Asqi Systems Private Limited FY 2025 filings available
Asqi Systems Private Limited reported revenue of ₹7.78 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Asqi Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 25% fall in the latest year. EBITDA fell 15% 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 Asqi Systems 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 | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹57,960 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Asqi Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.4% | •••• | •••• | •••• | •••• |
| 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 Asqi Systems are in the company report.
Financial statements from FY 2020
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 Asqi Systems 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 Asqi Systems Private Limited
Asqi Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Asqi Systems Private Limited
Employment history and EPFO contributions of people linked to Asqi Systems.
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 Asqi Systems Private Limited
Asqi Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCA8979R1Z5 | Maharashtra | Active | 13 Jul 2020 |
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 Asqi Systems 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 Asqi Systems 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 Asqi Systems 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 Asqi Systems 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 Asqi Systems Private Limited
Frequently Asked Questions about Asqi Systems Private Limited
Asqi Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in advocacy, within the professional services industry. It was incorporated on 05 November 2019 (7+ years old) and is registered under CIN U74110MH2019PTC332563.
Asqi Systems reported revenue of ₹7.78 Lakh for FY 2025 (down 25% YoY).
Asqi Systems has 2 current directors:
- Swapnil Vishnu Pawar - Director
- Palak Nitesh Nanjani - Director
Asqi Systems reported a net profit of ₹57,960 (net margin 7.4%) and EBITDA of ₹3.94 Lakh (EBITDA margin 50.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asqi Systems is -8% over three years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asqi Systems is 27AASCA8979R1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asqi Systems is U74110MH2019PTC332563. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asqi Systems was incorporated on 05 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Asqi Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).