MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0016737
Coruscate Ventures Private Limited - information technology in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹44.04 Lakh
▼ 60% YoY
Net loss · FY 2024
₹25.77 Lakh
Net margin -58.5%
EBITDA · FY 2024
₹5.14 Lakh
EBITDA margin 11.7%
Authorised capital
₹7.6 Cr
Registered with MCA
Paid-up capital
₹1.06 Cr
Issued & subscribed
Satisfied charges
₹1.3 Cr
No open charges
Company age
9 yrs
Est. 2017
Employees · EPFO
1
Provident fund records
About Coruscate Ventures Private Limited
Data last updated:
Coruscate Ventures Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC095041. Its GSTIN is 24AAGCC8581P2ZY (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.6 Cr and a paid-up capital of ₹1.06 Cr. It was formerly known as Coruscate Solutions Private Limited. It is led by directors Hitesh Harishbhai Kakadia and Rashmi Kalpesh Zalavadiya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 9th Floor Infinity Tower Beside Ayurvedic College Station Road Lal Darwaja, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2024, the company reported a revenue of ₹44.04 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹25.77 Lakh (net margin -58.5%) and EBITDA of ₹5.14 Lakh (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 31% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Coruscate and Coruscate Solution. As per MCA filings, the company has satisfied charges of ₹1.3 Cr on record.
Coruscate Ventures Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0016737). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website coruscatesolution.com.
Company details
CIN U72900GJ2017PTC095041
Registration Number 095041
Incorporation Date 09 January 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0016737
Recognitions & Rankings of Coruscate Ventures
Contact details
Coruscate Ventures Private Limited's registered office is in Surat, Gujarat. Its website is coruscatesolution.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9th Floor Infinity Tower Beside Ayurvedic College Station Road Lal Darwaja, Surat, Gujarat, India – 395003
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Coruscate Ventures Private Limited, buy the company report.
Comprehensive company report
Coruscate Ventures Private Limited - one report that includes everything
- 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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Brands
Coruscate Ventures operates two associated brands: Coruscate and Coruscate Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Coruscate provides comprehensive application development, RPA, and machine learning services. | coruscate.com | |
| Offers mobile app development services for clients. | coruscatesolution.com |
Business activity
The main business activity of Coruscate Ventures is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Coruscate Ventures Private Limited, buy the company report.
Financials of Coruscate Ventures Private Limited
FY 2024 filings availableCoruscate Ventures Private Limited reported revenue of ₹44.04 Lakh (down 60% YoY) for FY 2024.
Revenue · FY 2024
₹44.04 Lakh ▼ 60%
Net loss · FY 2024
₹25.77 Lakh margin -58.5%
EBITDA · FY 2024
₹5.14 Lakh margin 11.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 59%
5 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▲ 142%
3 years · compounded
▼ 16%
5 years · compounded
▼ 24%
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 60% fall in the latest year. EBITDA rose 142% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.14 Lakh | ||||
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| Net Profit (PAT) | -₹25.77 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | -58.5% | ||||
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To see the full financial statements and ratios of Coruscate Ventures Private Limited, buy the company report.
Board of directors of Coruscate Ventures Private Limited
Coruscate Ventures has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Harishbhai Kakadia Also directs: Coruscate Innovations LLP | Director | 09 Jan 2017 | 9 Years 9 Months | Current |
| Rashmi Kalpesh Zalavadiya | Director | 13 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Coruscate Ventures Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thinknext Systems Private Limited | ₹44.21 Lakh (FY 2025) | 15.0% | Mohali, Punjab, India | |||
| Dowell Technologies Private Limited | ₹44.16 Lakh (FY 2025) | 24.0% | Chennai, Tamil Nadu, India | |||
| Fuel Tracks Technologies Private Limited | ₹44.12 Lakh (FY 2022) | 195.0% | Hyderabad, Telangana, India | |||
| Arohaka Technologies Private Limited | ₹44.08 Lakh (FY 2021) | 161.0% | Mysore, Karnataka, India | |||
| Exellor Software Solutions Private Limited | ₹44.06 Lakh (FY 2025) | -20.0% | Bengaluru, Karnataka, India | |||
| Coruscate Ventures Private Limitedthis company | ₹44.04 Lakh (FY 2024) | -₹25.77 Lakh | -58.5% | -60.0% | 1 | Surat, Gujarat, India |
| IT Hub Technology Private Limited | ₹43.97 Lakh (FY 2025) | 45.0% | Ahmedabad, Gujarat, India | |||
| Savola Business Services Private Limited | ₹43.95 Lakh (FY 2024) | 49.0% | Nawabganj, Uttar Pradesh, India | |||
| Haana Pos Software Private Limited | ₹43.9 Lakh (FY 2018) | 3.0% | Hyderabad, Telangana, India | |||
| Rocket Testtailor Software Private Limited | ₹43.86 Lakh (FY 2019) | -72.0% | New Delhi, Delhi, India | |||
| Techleaf Solutions Private Limited | ₹43.85 Lakh (FY 2025) | 7.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Coruscate Ventures Private Limited, buy the company report.
Auditor
Coruscate Ventures Private Limited is audited by BHARAT KAKADIYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARAT KAKADIYA & CO | FY 2023 | 132100W |
Shareholding
The shareholding of Coruscate Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coruscate Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jan 2020 | 100328346 | Axis Bank Limited | ₹95 Lakh | Satisfied | |
| 21 May 2019 | 100268153 | Others | ₹35 Lakh | Satisfied |
To see the full charge records of Coruscate Ventures Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Coruscate Ventures Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Coruscate Ventures Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Coruscate Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Coruscate Ventures Private Limited has a workforce of 1 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Coruscate Ventures has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCC8581P2ZY | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coruscate Ventures Private Limited, buy the company report.
Recent activity
Coruscate Ventures Private Limited has 7 board changes on record since 2017: 3 appointments and 4 cessations. The latest: Rashmi Kalpesh Zalavadiya was appointed as Director on 13 Nov 2025.
Appointed
Rashmi Kalpesh Zalavadiya was appointed as Director.
AGM
Coruscate Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Coruscate Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 10 Jan 2020 via Charge ID 100328346 with Axis Bank Limited was fully satisfied on 23 Jun 2021.
Ceased
Kalpesh Vitthalbhai Zalavadiya ceased to be Director.
Ceased
Vishal Jamanbhai Virani ceased to be Director.
Ceased
Rahul Vallabhbhai Shingala ceased to be Director.
Ceased
Abhishek Mahendra Gandhi ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 0.95 Cr registered on 10 Jan 2020 with Charge ID 100328346 was modified on 12 Nov 2020.
Charges
A charge registered on 21 May 2019 via Charge ID 100268153 with Others was fully satisfied on 27 Feb 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.95 Cr with Charge ID 100328346 was registered on 10 Jan 2020.
Charges
A charge with Others amounted to Rs. 0.35 Cr with Charge ID 100268153 was registered on 21 May 2019.
3 earlier events are in the company report.
Frequently asked questions
Coruscate Ventures is an active private limited company based in Surat, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 January 2017 (9+ years old) and is registered under CIN U72900GJ2017PTC095041.
Coruscate Ventures has 2 current directors:
- Hitesh Harishbhai Kakadia - Director
- Rashmi Kalpesh Zalavadiya - Director
The latest financial statements of Coruscate Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Coruscate Ventures is 24AAGCC8581P2ZY, registered in Gujarat. 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 Coruscate Ventures is U72900GJ2017PTC095041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coruscate Ventures was incorporated on 09 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Coruscate Ventures by revenue are Thinknext Systems Private Limited, Dowell Technologies Private Limited, Fuel Tracks Technologies Private Limited, Arohaka Technologies Private Limited, Exellor Software Solutions Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Rashmi Kalpesh Zalavadiya was appointed as Director on 13 Nov 2025. Kalpesh Vitthalbhai Zalavadiya ceased to be Director on 31 Mar 2021. Vishal Jamanbhai Virani ceased to be Director on 31 Mar 2021. Coruscate Ventures has 7 board changes on record in total.
Yes, Coruscate Ventures is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0016737).
Coruscate Ventures has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Coruscate Ventures can be reached through the website coruscatesolution.com. Its registered office is in Surat, Gujarat, India.
The registered office of Coruscate Ventures is at 9th Floor Infinity Tower Beside Ayurvedic College Station Road Lal Darwaja, Surat, Gujarat, India – 395003.