About Binary Web Solutions (India) Private Limited.
Data last updated:
Binary Web Solutions (India) Private Limited. is a private limited company based in Mumbai, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 14 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC177766. Its GSTIN is 27AADCB3365R2Z4 (Maharashtra). The company holds 38 GST registrations, of which 37 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Tejash Hasmukhlal Shah and Hemaxi Jayesh Khagram.
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 ₹7.75 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹4.18 Lakh (net margin 0.5%) and EBITDA of ₹47.78 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 14% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.67 Cr and satisfied charges of ₹1.61 Cr 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 binaryic.com.
- EmailLocked
- TelephoneLocked
- Website
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- Registered Address2702 Building No 4 Ceder Runwal Greens, Mulund Goregaon Link Road Nahur West, Mumbai, Maharashtra, India – 400078
- 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 Binary Web Solutions (India) Private Limited.
The main business activity of Binary Web Solutions (India) Private Limited is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Binary Web Solutions (India) Private Limited. FY 2025 filings available
Binary Web Solutions (India) Private Limited. reported revenue of ₹7.75 Cr (down 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Binary Web Solutions (India) Private Limited.
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 47% 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 Binary Web Solutions (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 | ₹47.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.18 Lakh | •••• | •••• | •••• | •••• |
| 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 Binary Web Solutions (India) Private Limited.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Binary Web Solutions (India) Private Limited 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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited. is compared with the companies closest to it by revenue in the Information Technology industry (Website Design and Maintenance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kreatio Software Private Limited | ₹7.89 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Bangalore, Karnataka, India |
| Asterix Trading Private Limited | ₹7.88 Cr (FY 2023) | •••• | •••• | 1275681.0% | •••• | Pune, Maharashtra, India |
| Jr Technologies Web Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| 1Thing Design & Innovation Private Limited | ₹7.79 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Gurgaon, Haryana, India |
| Avalon Solutions Private Limited | ₹7.76 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Indore, Madhya Pradesh, India |
| Binary Web Solutions (India) Private Limited. this company | ₹7.75 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Saasvaap Techies Private Limited | ₹7.73 Cr (FY 2023) | •••• | •••• | 45.0% | •••• | Thiruvananthapuram, Kerala, India |
| Surfboard India Private Limited | ₹7.68 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Vasai, Maharashtra, India |
| Think Tank Infotech Private Limited | ₹7.64 Cr (FY 2025) | •••• | •••• | 368.0% | •••• | Delhi, India |
| The Information Company Private Limited | ₹7.62 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Navi Mumbai, Maharashtra, India |
| Compare Infobase Limited | ₹7.6 Cr (FY 2019) | •••• | •••• | -14.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Binary Web Solutions (India) Private Limited by revenue in the Information Technology industry (Website Design and Maintenance), 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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited. is audited by PARAG K SHAH for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARAG K SHAH | 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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejash Hasmukhlal Shah Also directs: Big Move Infra Private Limited, Mebiz Innovations Private Limited | Director | 14 Jan 2008 | 18 Years 8 Months | Current |
| Hemaxi Jayesh Khagram | Director | 14 Jan 2008 | 18 Years 8 Months | Current |
| Jayesh Lalit Khagram Also directs: Big Move Infra Private Limited, Mebiz Innovations Private Limited | Director | 14 Jan 2008 | 18 Years 8 Months | Current |
Ownership and Shareholding of Binary Web Solutions (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 Binary Web Solutions (India) Private Limited.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Apr 2024 | Others | ₹66.5 Lakh | Open |
| 18 Dec 2023 | Others | ₹1 Cr | Open |
| 31 Jan 2018 | Others | ₹96 Lakh | Satisfied |
| 20 Jul 2016 | Others | ₹65 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited. has a workforce of 23 employees as of Mar 24, 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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited. has 3 board changes on record since 2008: 3 appointments. The latest: Hemaxi Jayesh Khagram was appointed as Director on 14 Jan 2008.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Binary Web Solutions (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 Binary Web Solutions (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 Binary Web Solutions (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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited has 38 GST registrations: 37 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB3365R2Z4 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCB3365R1CG | Maharashtra | Active | 23 Aug 2023 |
| 12AADCB3365R1CR | Arunachal Pradesh | Active | 10 Aug 2023 |
| 35AADCB3365R1CJ | Andaman and Nicobar Islands | Active | 10 Aug 2023 |
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 Binary Web Solutions (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 Binary Web Solutions (India) Private Limited.
Binary Web Solutions (India) Private Limited is an active private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 14 January 2008 (18+ years old) and is registered under CIN U72900MH2008PTC177766.
Binary Web Solutions (India) Private Limited reported revenue of ₹7.75 Cr for FY 2025 (down 20% YoY).
Binary Web Solutions (India) Private Limited has 3 current directors:
- Tejash Hasmukhlal Shah - Director
- Hemaxi Jayesh Khagram - Director
- Jayesh Lalit Khagram - Director
Binary Web Solutions (India) Private Limited reported a net profit of ₹4.18 Lakh (net margin 0.5%) and EBITDA of ₹47.78 Lakh (EBITDA margin 6.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Binary Web Solutions (India) Private Limited is -10% over three years and 14% over five years. In the latest year (FY 2025) revenue fell 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Binary Web Solutions (India) Private Limited is 27AADCB3365R2Z4, registered in Maharashtra. The company has 38 GST registrations in all, of which 37 are active and 1 is cancelled or inactive. Other active GSTINs include 27AADCB3365R1CG (Maharashtra), 12AADCB3365R1CR (Arunachal Pradesh), 35AADCB3365R1CJ (Andaman and Nicobar Islands).
The CIN (Corporate Identification Number) of Binary Web Solutions (India) Private Limited is U72900MH2008PTC177766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binary Web Solutions (India) Private Limited was incorporated on 14 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Binary Web Solutions (India) Private Limited by revenue are Kreatio Software Private Limited, Asterix Trading Private Limited, Jr Technologies Web Private Limited, 1Thing Design & Innovation Private Limited, Avalon Solutions Private Limited and 5 more, all in the Information Technology industry (Website Design and Maintenance).
Hemaxi Jayesh Khagram was appointed as Director on 14 Jan 2008. Jayesh Lalit Khagram was appointed as Director on 14 Jan 2008. Tejash Hasmukhlal Shah was appointed as Director on 14 Jan 2008.
Binary Web Solutions (India) Private Limited can be reached through the website binaryic.com. Its registered office is in Mumbai, Maharashtra, India.