About Coequal Associates Private Limited
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Coequal Associates Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the software segment of the printing and publishing sector. It was incorporated on 17 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284876. Its GSTIN is 27AAGCC6306G2ZS (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vinay Chandravadan Mistry and Chandravadan Manilal Mistry.
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 ₹47.14 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.91 Lakh (net margin 10.4%) and EBITDA of ₹9.97 Lakh (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years.
The company is associated with 1 brand: CoEqual Associates.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coequalassociates.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3106 B Wing Ekta Tripolis 9th And 2nd Road, Siddharth Nagar Motilal Nagar Goregaon West, Mumbai, Maharashtra, India – 400104
- IndustryPrinting & Publishing, Software, Games, Publishing, Application Software, System Software
- 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
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Business Activity of Coequal Associates Private Limited
The main business activity of Coequal Associates 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 | 62 | 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 Coequal Associates Private Limited FY 2025 filings available
Coequal Associates Private Limited reported revenue of ₹47.14 Lakh (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Coequal Associates Private Limited
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 43%. EBITDA rose 22% 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 Coequal Associates 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 | ₹9.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.91 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Coequal Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.4% | •••• | •••• | •••• | •••• |
| 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 Coequal Associates are in the company report.
Financial statements from FY 2017
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 Coequal Associates Private Limited
Coequal Associates Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lorhan Technologies India Private Limited | ₹47.22 Lakh (FY 2020) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Grafx IT Solutions Private Limited | ₹47.22 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Rematrix Academy Private Limited | ₹47.22 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | Chennai, Tamil Nadu, India |
| Likhyani Healthcare Solutions (OPC) Private Limited | ₹47.18 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Jaipur, Rajasthan, India |
| Phoenix Binary System Private Limited | ₹47.14 Lakh (FY 2022) | •••• | •••• | 138.0% | •••• | Karamsad, Gujarat, India |
| Coequal Associates Private Limited this company | ₹47.14 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Nadempally Business Solutions Private Limited | ₹47.14 Lakh (FY 2021) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Systechnosoft Technologies Private Limited | ₹47.14 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Jaipur, Rajasthan, India |
| Instaone Software Private Limited | ₹47.13 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| E Vantage IT Overseas (India) Private Limited | ₹47.12 Lakh (FY 2016) | •••• | •••• | -53.0% | •••• | Erragadda, Hyd., Telangana, India |
| Itsec Consultants Private Limited | ₹47.1 Lakh (FY 2023) | •••• | •••• | -28.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Coequal Associates by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Coequal Associates Private Limited
Coequal Associates Private Limited is audited by I.C.DAK & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| I.C.DAK & 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 Coequal Associates Private Limited
Coequal Associates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Chandravadan Mistry | Director | 17 Aug 2016 | 10 Years 1 Months | Current |
| Chandravadan Manilal Mistry | Director | 17 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Coequal 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 Coequal Associates Private Limited
Coequal Associates Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Coequal Associates Private Limited
Coequal Associates operates one associated brand: CoEqual Associates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Services related to the design and maintenance of databases for enterprises | coequalassociates.com |
Employees and EPFO Compliance at Coequal Associates Private Limited
Employment history and EPFO contributions of people linked to Coequal 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 Coequal Associates Private Limited
Coequal Associates Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Chandravadan Manilal Mistry was appointed as Director on 17 Aug 2016.
Credit Ratings, Litigation & Regulatory Alerts for Coequal 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 Coequal 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 Coequal 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 Coequal Associates Private Limited
Coequal Associates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCC6306G2ZS | Maharashtra | 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 Coequal 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 Coequal Associates Private Limited
Coequal Associates is an active private limited company based in Mumbai, Maharashtra, India. The company works in software, within the printing and publishing industry. It was incorporated on 17 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284876.
Coequal Associates reported revenue of ₹47.14 Lakh for FY 2025 (down 4% YoY).
Coequal Associates has 2 current directors:
- Vinay Chandravadan Mistry - Director
- Chandravadan Manilal Mistry - Director
Coequal Associates reported a net profit of ₹4.91 Lakh (net margin 10.4%) and EBITDA of ₹9.97 Lakh (EBITDA margin 21.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Coequal Associates is 43% over three years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Coequal Associates is 27AAGCC6306G2ZS, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Coequal Associates is U74999MH2016PTC284876. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coequal Associates was incorporated on 17 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Coequal Associates by revenue are Lorhan Technologies India Private Limited, Grafx IT Solutions Private Limited, Rematrix Academy Private Limited, Likhyani Healthcare Solutions (OPC) Private Limited, Phoenix Binary System Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Chandravadan Manilal Mistry was appointed as Director on 17 Aug 2016. Vinay Chandravadan Mistry was appointed as Director on 17 Aug 2016.
Coequal Associates can be reached through the website coequalassociates.com. Its registered office is in Mumbai, Maharashtra, India.