About Azul Systems (India) Private Limited
Data last updated:
Azul Systems (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Azul Systems Inc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 24 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2005PTC037033. Its GSTIN is 29AAFCA3198R1ZT (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10.31 Lakh. It is led by directors Livin Stephen Sharma and Huey Jinq Jennifer Wang.
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 Novel Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.41 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 7.8%) and EBITDA of ₹2.05 Cr (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 22% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Azul Systems. As per MCA filings, the company has open charges of ₹13.12 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 azulsystems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNovel Business Park No. 57, Salarpuria Triton 13th Cross Anepalya, Bangalore, Karnataka, India – 560030
- 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 Azul Systems (India) Private Limited
The main business activity of Azul Systems (India) 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 Azul Systems (India) Private Limited FY 2025 filings available
Azul Systems (India) Private Limited reported revenue of ₹17.41 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Azul Systems (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 26% growth in the latest year. EBITDA rose 26% 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 Azul Systems (India) 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 | ₹2.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.36 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 Azul Systems (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 Azul Systems (India) 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 Azul Systems (India) Private Limited
Azul Systems (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cogitate Technology Solutions (India) Private Limited | ₹17.48 Cr (FY 2024) | •••• | •••• | 59.0% | •••• | Navi Mumbai, Maharashtra, India |
| Nu10 Technologies India Private Limited | ₹17.48 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Cadmatic Software Solutions Private Limited | ₹17.46 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Thane, Maharashtra, India |
| Proglogix Research and Development Private Limited | ₹17.45 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Element Infomatics (India) Private Limited | ₹17.42 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Azul Systems (India) Private Limited this company | ₹17.41 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| West Advanced Technologies India Private Limited | ₹17.4 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Techwaukee Private Limited | ₹17.38 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Teamviewer India Private Limited | ₹17.37 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Mezzequity Software Services Limited | ₹17.37 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Hyderabad, Telangana, India |
| Zentech Innovations Private Limited | ₹17.37 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Azul Systems (India) by revenue in the Information Technology industry (Software Services), 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 Azul Systems (India) Private Limited
Azul Systems (India) Private Limited is audited by NNR & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NNR & 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 Azul Systems (India) Private Limited
Azul Systems (India) has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Livin Stephen Sharma | Director | 21 Jun 2019 | 7 Years 3 Months | Current |
| Huey Jinq Jennifer Wang | Director | 15 Sep 2008 | 18 Years 0 Months | Current |
Ownership and Shareholding of Azul Systems (India) 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 Azul Systems (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 May 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹12.5 Lakh | Open |
| 05 Nov 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹62,000 | Open |
Total charge records: 2 View all charges
Associated Brands with Azul Systems (India) Private Limited
Azul Systems (India) operates one associated brand: Azul Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IDE based app development platform | azul.com |
Employees and EPFO Compliance at Azul Systems (India) Private Limited
Azul Systems (India) Private Limited has a workforce of 25 employees as of Apr 07, 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.
Recent Activity on Azul Systems (India) Private Limited
Azul Systems (India) Private Limited has 14 board changes on record since 2005: 8 appointments and 6 cessations. The latest: Satish Venkat Maruvada ceased to be Director on 30 Jun 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Azul Systems (India) 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 Azul Systems (India) 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 Azul Systems (India) 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 Azul Systems (India) Private Limited
Azul Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCA3198R1ZT | Karnataka | 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 Azul Systems (India) 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 Azul Systems (India) Private Limited
Azul Systems (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 24 August 2005 (21+ years old) and is registered under CIN U72200KA2005PTC037033.
Azul Systems (India) reported revenue of ₹17.41 Cr for FY 2025 (up 26% YoY).
Azul Systems (India) has 2 current directors:
- Livin Stephen Sharma - Director
- Huey Jinq Jennifer Wang - Director
Azul Systems (India) reported a net profit of ₹1.36 Cr (net margin 7.8%) and EBITDA of ₹2.05 Cr (EBITDA margin 11.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Azul Systems (India) is 38% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Azul Systems (India) is 29AAFCA3198R1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Azul Systems (India) is U72200KA2005PTC037033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azul Systems (India) was incorporated on 24 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Azul Systems (India) by revenue are Cogitate Technology Solutions (India) Private Limited, Nu10 Technologies India Private Limited, Cadmatic Software Solutions Private Limited, Proglogix Research and Development Private Limited, Element Infomatics (India) Private Limited and 5 more, all in the Information Technology industry (Software Services).
Satish Venkat Maruvada ceased to be Director on 30 Jun 2019. Livin Stephen Sharma was appointed as Director on 21 Jun 2019. Shyam Prasad Pillalamarri ceased to be Director on 31 Jan 2015. Azul Systems (India) has 14 board changes on record in total.
Azul Systems (India) can be reached through the website azulsystems.com. Its registered office is in Bangalore, Karnataka, India.