About Axlerate Futuretech Private Limited
Data last updated:
Axlerate Futuretech Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It was incorporated on 24 June 2022.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U66220TN2022PTC153344.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹66.42 Lakh. It is led by directors including Solomon Ashok John Natesan and Giftson Selladurai.
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 2nd Floor No 11/6 Thiruvallur Nagar Alandur, Chennai, Tamil Nadu, India – 600016.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.06 Cr, reflecting significant growth compared to the previous year. For the same year it recorded EBITDA of ₹16,432 (EBITDA margin 0.2%).
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AxleRate.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website axlerate.com.
- EmailLocked
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- WebsiteLocked
- Social MediaLocked
- Registered Address2nd Floor No 11/6 Thiruvallur Nagar Alandur, Chennai, Tamil Nadu, India – 600016
- 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
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Business Activity of Axlerate Futuretech Private Limited
The main business activity of Axlerate Futuretech 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 Axlerate Futuretech Private Limited FY 2024 filings available
Axlerate Futuretech Private Limited reported revenue of ₹1.06 Cr (up 454% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Axlerate Futuretech Private Limited
Revenue rose 454% in the latest year. EBITDA rose 162% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Axlerate Futuretech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹16,432 | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | •••• | •••• |
| 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 Axlerate Futuretech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.2% | •••• |
| Net Profit Margin | •••• | •••• |
| 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 Axlerate Futuretech are in the company report.
Financial statements from FY 2023
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 Axlerate Futuretech Private Limited
Axlerate Futuretech Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nikola Innovation Technologies Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Fintantra Solutions Private Limited | ₹1.06 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Chennai, Tamil Nadu, India |
| Beatroot Finserv Private Limited | ₹1.06 Cr (FY 2024) | •••• | •••• | 161.0% | •••• | Hyderabad, Telangana, India |
| Webnyay Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Chandigarh, India |
| Aplus Advisory Solutions Private Limited | ₹1.06 Cr (FY 2025) | •••• | •••• | -78.0% | •••• | New Delhi, Delhi, India |
| Axlerate Futuretech Private Limited this company | ₹1.06 Cr (FY 2024) | •••• | •••• | 454.0% | •••• | Chennai, Tamil Nadu, India |
| Blinkstore Private Limited | ₹1.05 Cr (FY 2024) | •••• | •••• | 325.0% | •••• | Lucknow, Uttar Pradesh, India |
| Kireap Technologies India Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 1376.0% | •••• | Bangalore, Karnataka, India |
| Filterpixel Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Noida, Uttar Pradesh, India |
| Future Stop Private Limited | ₹1.04 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Delhi, India |
| Miyaank Nostalgic Private Limited | ₹1.03 Cr (FY 2024) | •••• | •••• | 171.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Axlerate Futuretech by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Axlerate Futuretech Private Limited
Axlerate Futuretech has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Solomon Ashok John Natesan Also directs: Kazh Fintech Private Limited | Director | 24 Jun 2022 | 4 Years 3 Months | Current |
| Giftson Selladurai Also directs: Free2live Tech Solutions Private Limited, Ruah Tech Solutions Private Limited, Autonomi Tech Solutions Private Limited and 1 more | Director | 24 Jun 2022 | 4 Years 3 Months | Current |
| Samson Selladurai Selvan Rajadurai Also directs: Free2live Tech Solutions Private Limited, Ruah Tech Solutions Private Limited, Autonomi Tech Solutions Private Limited and 1 more | Director | 24 Jun 2022 | 4 Years 3 Months | Current |
Charges & Borrowings of Axlerate Futuretech Private Limited
Axlerate Futuretech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Axlerate Futuretech Private Limited
Axlerate Futuretech operates one associated brand: AxleRate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based integrated app for transport industry services is delivered. | axlerate.com |
Employees and EPFO Compliance at Axlerate Futuretech Private Limited
Employment history and EPFO contributions of people linked to Axlerate Futuretech.
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.
CIN History of Axlerate Futuretech Private Limited
Axlerate Futuretech has one previous CIN (Corporate Identification Number): U72200TN2022PTC153344. The current CIN is U66220TN2022PTC153344, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66220TN2022PTC153344 | Current |
| U72200TN2022PTC153344 | Previous |
Recent Activity on Axlerate Futuretech Private Limited
Axlerate Futuretech Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Giftson Selladurai was appointed as Director on 24 Jun 2022.
Credit Ratings, Litigation & Regulatory Alerts for Axlerate Futuretech 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 Axlerate Futuretech 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 Axlerate Futuretech 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 Axlerate Futuretech Private Limited
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 Axlerate Futuretech 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 Axlerate Futuretech Private Limited
Axlerate Futuretech is an active private limited company based in Chennai, Tamil Nadu, India. It was incorporated on 24 June 2022 (4+ years old) and is registered under CIN U66220TN2022PTC153344.
Axlerate Futuretech reported revenue of ₹1.06 Cr for FY 2024 (up 454% YoY).
Axlerate Futuretech has 3 current directors:
- Solomon Ashok John Natesan - Director
- Giftson Selladurai - Director
- Samson Selladurai Selvan Rajadurai - Director
Axlerate Futuretech reported EBITDA of ₹16,432 (EBITDA margin 0.2%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Axlerate Futuretech is U66220TN2022PTC153344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axlerate Futuretech was incorporated on 24 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Axlerate Futuretech by revenue are Nikola Innovation Technologies Private Limited, Fintantra Solutions Private Limited, Beatroot Finserv Private Limited, Webnyay Private Limited, Aplus Advisory Solutions Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Giftson Selladurai was appointed as Director on 24 Jun 2022. Samson Selladurai Selvan Rajadurai was appointed as Director on 24 Jun 2022. Solomon Ashok John Natesan was appointed as Director on 24 Jun 2022.
Yes, Axlerate Futuretech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Axlerate Futuretech can be reached through the website axlerate.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Axlerate Futuretech is at 2nd Floor No 116 Thiruvallur Nagar Alandur, Chennai, Tamil Nadu, India – 600016.