MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-20-0004277
Bushel Technologies Private Limited - information technology in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹8.24 Cr
▲ 14% YoY
Net profit · FY 2025
₹3.03 Cr
Net margin 36.7%
EBITDA · FY 2025
₹4.22 Cr
EBITDA margin 51.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Employees · EPFO
11
Provident fund records
Directors on board
3
As per MCA filings
About Bushel Technologies Private Limited
Data last updated:
Bushel Technologies Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U72900MH2014PTC253715. Its GSTIN is 27AAFCB8529H1ZG (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ajay Jagmohan Saraf (Whole-Time Director) and Nikita Abhay Saraf (Whole-Time Director).
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 112 – B Lokmat Bhawan, Nagpur, Maharashtra, India – 440012.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.24 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹3.03 Cr (net margin 36.7%) and EBITDA of ₹4.22 Cr (EBITDA margin 51.2%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 52% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bushel Technologies.
Bushel Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0004277). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bushel.co.in.
Company Details of Bushel Technologies Private Limited
CIN U72900MH2014PTC253715
Registration Number 253715
Incorporation Date 28 February 2014
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-20-0004277
Key People
Ajay Jagmohan Saraf Whole-Time Director Nikita Abhay Saraf Whole-Time Director Abhay Ajaykumar Saraf Whole-Time Director Recognitions & Rankings of Bushel Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address112 – B Lokmat Bhawan, Nagpur, Maharashtra, India – 440012
- IndustryInformation Technology, Application Development & Software Solutions
Comprehensive company report
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Associated Brands with Bushel Technologies Private Limited
Bushel Technologies operates one associated brand: Bushel Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers custom application development services for tailored software solutions. | bushel.co.in |
Business Activity of Bushel Technologies Private Limited
The main business activity of Bushel Technologies is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Bushel Technologies Private Limited FY 2025 filings available
Bushel Technologies Private Limited reported revenue of ₹8.24 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹8.24 Cr ▲ 14%
Net profit · FY 2025
₹3.03 Cr margin 36.7%
EBITDA · FY 2025
₹4.22 Cr margin 51.2%
Compounded Annual Growth Rate (CAGR) of Bushel Technologies Private Limited
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 33%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 53%
5 years · compounded
▲ 93%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 14% growth in the latest year. EBITDA rose 19% 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 Bushel Technologies 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 | ₹4.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.03 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 Bushel Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 36.7% | •••• | •••• | •••• | •••• |
| 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 Bushel Technologies are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Bushel Technologies Private Limited
Bushel Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Jagmohan Saraf | Whole-Time Director | 28 Feb 2014 | 12 Years 7 Months | Current |
| Nikita Abhay Saraf | Whole-Time Director | 07 May 2021 | 5 Years 5 Months | Current |
| Abhay Ajaykumar Saraf | Whole-Time Director | 28 Feb 2014 | 12 Years 7 Months | Current |
Peer Comparison of Bushel Technologies Private Limited
Bushel Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inheritx Solutions Private Limited | ₹8.31 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Ahmedabad, Gujarat, India |
| Enable Software Systems Private Limited | ₹8.3 Cr (FY 2025) | •••• | •••• | 162.0% | •••• | Mumbai, Maharashtra, India |
| Ethereal Informatics Private Limited | ₹8.3 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Codaemon Softwares Private Limited | ₹8.27 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Pune, Maharashtra, India |
| Servitium IT Solutions Private Limited | ₹8.26 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | New Delhi, Delhi, India |
| Bushel Technologies Private Limited this company | ₹8.24 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Nagpur, Maharashtra, India |
| Onelab Ventures Private Limited | ₹8.23 Cr (FY 2025) | •••• | •••• | 300.0% | •••• | Pune, Maharashtra, India |
| Proximo Techsoft Private Limited | ₹8.22 Cr (FY 2019) | •••• | •••• | 88.0% | •••• | Bangalore, Karnataka, India |
| Inventcorp Technologies Limited | ₹8.2 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Hyderabad, Telangana, India |
| Pact Software Services Private Limited | ₹8.2 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Hyderabad, Telangana, India |
| Virtueinfo Soft Web Private Limited | ₹8.19 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Bushel Technologies by revenue in the Information Technology industry (Application Development), 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 Bushel Technologies Private Limited
Bushel Technologies Private Limited is audited by A KHEMKA & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A KHEMKA & COMPANY | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Bushel Technologies Private Limited
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Charges & Borrowings of Bushel Technologies Private Limited
Bushel Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bushel Technologies Private Limited
Employment history and EPFO contributions of people linked to Bushel Technologies.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Bushel Technologies Private Limited
Bushel Technologies Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Nikita Abhay Saraf was appointed as Whole-Time Director on 07 May 2021.
AGM
Bushel Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bushel Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Appointed
Nikita Abhay Saraf was appointed as Whole-Time Director.
Ceased
Abhay Ajaykumar Saraf ceased to be Director.
Ceased
Ajay Jagmohan Saraf ceased to be Director.
Appointed
Abhay Ajaykumar Saraf was appointed as Whole-Time Director.
Appointed
Ajay Jagmohan Saraf was appointed as Whole-Time Director.
Incorporation
28 Feb 2014
Bushel Technologies Private Limited was registered on 28 Feb 2014 with Roc Nagpur & aged 12 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Bushel Technologies Private Limited
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MSME Payment Delays by Bushel Technologies Private Limited
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Subsidiaries & Group Companies of Bushel Technologies Private Limited
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GST Compliance of Bushel Technologies Private Limited
Bushel Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB8529H1ZG | Maharashtra | Active | 24 Jul 2017 |
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MCA Filings & Documents of Bushel Technologies Private Limited
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Frequently Asked Questions about Bushel Technologies Private Limited
Bushel Technologies is an active private limited company based in Nagpur, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 February 2014 (12+ years old) and is registered under CIN U72900MH2014PTC253715.
Bushel Technologies reported revenue of ₹8.24 Cr for FY 2025 (up 14% YoY).
Bushel Technologies has 3 current directors:
- Ajay Jagmohan Saraf - Whole-Time Director
- Nikita Abhay Saraf - Whole-Time Director
- Abhay Ajaykumar Saraf - Whole-Time Director
Bushel Technologies reported a net profit of ₹3.03 Cr (net margin 36.7%) and EBITDA of ₹4.22 Cr (EBITDA margin 51.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bushel Technologies is 33% over three years and 52% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bushel Technologies is 27AAFCB8529H1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bushel Technologies is U72900MH2014PTC253715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bushel Technologies was incorporated on 28 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Bushel Technologies by revenue are Inheritx Solutions Private Limited, Enable Software Systems Private Limited, Ethereal Informatics Private Limited, Codaemon Softwares Private Limited, Servitium IT Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Nikita Abhay Saraf was appointed as Whole-Time Director on 07 May 2021. Abhay Ajaykumar Saraf ceased to be Director on 01 Jul 2017. Ajay Jagmohan Saraf ceased to be Director on 01 Jul 2017. Bushel Technologies has 5 board changes on record in total.
Yes, Bushel Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-20-0004277).