About Algo IQ Software Solutions
Algo IQ Software Solutions is a Technology company based in Mumbai (India) founded in 2019. It develops software tools and services for financial brokers and traders. It operates on a SaaS and B2B model. The company has 1 employees. Its Indian entity Algoiq Software Solutions Private Limited reported revenue of ₹84.3 Lakh. Algo IQ Software Solutions offers products and services including SPAN Margin Calculator, NCMS API, Web Socket API, Doctor - Extranet API, and Feed Server. Its focus areas include FinTech, Investment Tech, Financial Databases and Trading Tools.
Company details
Algo IQ Software Solutions Pvt. Ltd. offers IT consulting and software development focused on the financial industry, including APIs and trading platforms. They provide services like software as a service and fintech development to help organizations improve performance. Based in Mumbai, India, they serve brokers, traders, and financial companies with tools such as margin calculators and data feeds, ensuring secure and efficient solutions.
- Headquarters Mumbai, India
- Employees 1
- SectorsTechnology
- Website algoanalytiq.com
- Social LinkedIn Instagram
- Legal Name Algoiq Software Solutions Private Limited
- Date of Incorporation 17 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹84.3 Lakh
FY 2024 · -9% YoY
- Net Loss-₹47.5 Lakh
FY 2024 · -56% margin
- EBITDA-₹43.4 Lakh
FY 2024 · -51% margin
- Employee Count1
Associated legal entities of Algo IQ Software Solutions
Algo IQ Software Solutions operates through Algoiq Software Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algoiq Software Solutions Private Limited CIN U72900MH2020PTC348103 | Active | 17 Oct 2020 | Mumbai, Maharashtra | ₹0.8 Cr | 2 | View details |
Products & Services of Algo IQ Software Solutions
Algo IQ Software Solutions offers a comprehensive portfolio of products and services, including SPAN Margin Calculator, NCMS API, Web Socket API, Doctor - Extranet API, and Feed Server.
Tool for calculating margin requirements in trading activities.
API for accessing NCMS data in financial operations.
Real-time data streaming API for trading applications.
Extranet API for secure external data access.
Server for distributing financial data feeds.
Solution for managing dropcopy in trading environments.
Tool for BSE-specific dropcopy operations.
Board of directors of Algoiq Software Solutions Private Limited (Algo IQ Software Solutions)
Algoiq Software Solutions Private Limited is the primary company behind Algo IQ Software Solutions. The board of Algoiq Software Solutions Private Limited currently have 2 directors; the longest-serving is Darshan Mahendra Parekh, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Darshan Mahendra Parekh DIN 08923268 | Director | 17 Oct 2020 | 6 yrs | Algoiq Software Solutions Private Limited |
| Yashvi Darshan Parekh DIN 10450817 | Director | 04 Jan 2024 | 2 yrs 10 mo | Algoiq Software Solutions Private Limited |
People of Algo IQ Software Solutions
1 people are tracked at Algo IQ Software Solutions (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Owner | Leadership |
Complete people profiles for Algo IQ Software Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Algo IQ Software Solutions
Figures of Algoiq Software Solutions Private Limited, the primary company behind Algo IQ Software Solutions, for FY 2024. Revenue was ₹84.3 Lakh (-9% year on year). Net loss was -₹47.5 Lakh (-56% margin). EBITDA was -₹43.4 Lakh (-51% margin). Revenue has grown at a compounded annual rate of +16% over three years.
- ₹84.3 LakhRevenue · FY 2024 · -9% YoY
- -₹47.5 LakhNet loss · -56% margin
- -₹43.4 LakhEBITDA · -51% margin
- ₹1 LakhPaid-up capital
- +16%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Algoiq Software Solutions Private Limited are on its company page.
Detailed financial statements for Algo IQ Software Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Algo IQ Software Solutions (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 549.14 M | 3,823 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Frequently Asked Questions about Algo IQ Software Solutions
Algo IQ Software Solutions was founded in 2019.
Algo IQ Software Solutions is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Algo IQ Software Solutions has 1 employees.
The primary company behind Algo IQ Software Solutions, Algoiq Software Solutions Private Limited, reported revenue of ₹84.3 Lakh for FY 2024, down 9% year on year.
Algo IQ Software Solutions Pvt. Ltd. offers IT consulting and software development focused on the financial industry, including APIs and trading platforms. They provide services like software as a service and fintech development to help organizations improve performance. Based in Mumbai, India, they serve brokers, traders, and financial companies with tools such as margin calculators and data feeds, ensuring secure and efficient solutions.
Algo IQ Software Solutions offers SPAN Margin Calculator, NCMS API, Web Socket API, Doctor - Extranet API, and 3 more products and services.
Algo IQ Software Solutions operates through Algoiq Software Solutions Private Limited.
The legal entities of Algo IQ Software Solutions currently have 2 directors, including Darshan Mahendra Parekh, Yashvi Darshan Parekh.