Candy Shadow Associates Private Limited
About Candy Shadow Associates Private Limited
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Candy Shadow Associates Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 04 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U93090UP2020PTC128485.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shilpa Agarwal and Anant Akash.
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 D – 1602 Akriti Shantiniketan Plot No. Gh – 01B Sector – 143B, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.35 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹20.28 Cr (net margin 62.7%) and EBITDA of ₹27.88 Cr (EBITDA margin 86.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹96.28 Lakh on record.
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- Registered AddressD – 1602 Akriti Shantiniketan Plot No. Gh – 01B Sector – 143B, Noida, Uttar Pradesh, India – 201301
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 Candy Shadow Associates Private Limited
The main business activity of Candy Shadow Associates is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy 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 Candy Shadow Associates Private Limited FY 2025 filings available
Candy Shadow Associates Private Limited reported revenue of ₹32.35 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Candy Shadow Associates Private Limited
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 13% 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 Candy Shadow Associates Private Limited
| Metrics | 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 | ₹27.88 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.28 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 Candy Shadow Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 86.2% | •••• | •••• | •••• |
| Net Profit Margin | 62.7% | •••• | •••• | •••• |
| 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 Candy Shadow Associates are in the company report.
Financial statements from FY 2021
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 Candy Shadow Associates Private Limited
Candy Shadow Associates Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting 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 |
|---|---|---|---|---|---|---|
| X-Calibre Consultants Private Limited | ₹32.53 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| Lisi Aerospace India Private Limited | ₹32.51 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Denken Solutions India Private Limited | ₹32.51 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Guntur, Andhra Pradesh, India |
| Right Horizons Financial Services Private Limited | ₹32.49 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Smart Skills Training Private Limited | ₹32.49 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Candy Shadow Associates Private Limited this company | ₹32.35 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Noida, Uttar Pradesh, India |
| Aditya Polyblanks Pvt. Ltd. | ₹32.28 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | New Delhi, Haryana, India |
| Mylan Laboratories India Private Limited | ₹32.16 Cr (FY 2021) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Concur Ip Consulting Private Limited | ₹32.05 Cr (FY 2022) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Ma Consulting Services Private Limited | ₹31.99 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Transys Consulting Private Limited | ₹31.96 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Candy Shadow Associates by revenue in the Outsourcing industry (Consulting 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 Candy Shadow Associates Private Limited
Candy Shadow Associates Private Limited is audited by A H S G & Co LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A H S G & Co LLP | 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 Candy Shadow Associates Private Limited
Candy Shadow Associates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Agarwal | Director | 04 May 2020 | 6 Years 5 Months | Current |
| Anant Akash | Director | 04 May 2020 | 6 Years 5 Months | Current |
Ownership and Shareholding of Candy Shadow Associates 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 Candy Shadow Associates Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2025 | Others | ₹96.28 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Candy Shadow Associates Private Limited
Employment history and EPFO contributions of people linked to Candy Shadow Associates.
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 Candy Shadow Associates Private Limited
Candy Shadow Associates Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Anant Akash was appointed as Director on 04 May 2020.
Credit Ratings, Litigation & Regulatory Alerts for Candy Shadow Associates 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 Candy Shadow Associates 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 Candy Shadow Associates 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 Candy Shadow Associates 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 Candy Shadow Associates 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 Candy Shadow Associates Private Limited
Candy Shadow Associates is an active private limited company based in Noida, Uttar Pradesh, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 04 May 2020 (6+ years old) and is registered under CIN U93090UP2020PTC128485.
Candy Shadow Associates reported revenue of ₹32.35 Cr for FY 2024 (down 8% YoY).
Candy Shadow Associates has 2 current directors:
- Shilpa Agarwal - Director
- Anant Akash - Director
Candy Shadow Associates reported a net profit of ₹20.28 Cr (net margin 62.7%) and EBITDA of ₹27.88 Cr (EBITDA margin 86.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Candy Shadow Associates is 25% over three years. In the latest year (FY 2024) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Candy Shadow Associates is U93090UP2020PTC128485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candy Shadow Associates was incorporated on 04 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Candy Shadow Associates by revenue are X-Calibre Consultants Private Limited, Lisi Aerospace India Private Limited, Denken Solutions India Private Limited, Right Horizons Financial Services Private Limited, Smart Skills Training Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Anant Akash was appointed as Director on 04 May 2020. Shilpa Agarwal was appointed as Director on 04 May 2020.
The registered office of Candy Shadow Associates is at D – 1602 Akriti Shantiniketan Plot No. Gh – 01B Sector – 143B, Noida, Uttar Pradesh, India – 201301.
Candy Shadow Associates has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.