MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0205321
Cygnet Digital Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹30.44 Lakh
▲ 12% YoY
Net loss · FY 2025
₹1.68 Lakh
Net margin -5.5%
EBITDA · FY 2025
₹3.09 Lakh
EBITDA margin 10.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.6 Cr
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
1
Provident fund records
Directors on board
4
As per MCA filings
About Cygnet Digital Private Limited
Data last updated:
Cygnet Digital Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Cygnet Infotech Private Limited. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 24 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2015PTC083929. Its GSTIN is 24AAJCM8902B1ZQ (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.6 Cr. It was formerly known as M1 Ordering Private Limited and Cygneto Apps Private Limited. It is led by directors including Chatura Niraj Hutheesing and Niraj Karnik Hutheesing.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.44 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹1.68 Lakh (net margin -5.5%) and EBITDA of ₹3.09 Lakh (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 12% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 2 brands: Cygneto and Cygnet One.
Cygnet Digital Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0205321). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cygnet.one.
Company details
CIN U74140GJ2015PTC083929
Registration Number 083929
Incorporation Date 24 July 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Cygnet Infotech Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0205321
Name history
Cygnet Digital has undergone 2 name changes throughout its history. The company was previously known as M1 Ordering Private Limited, and Cygneto Apps Private Limited. The current legal name is Cygnet Digital Private Limited.
| Company Name | Status |
|---|---|
| Cygnet Digital Private Limited | Current |
| M1 Ordering Private Limited | Previous |
| Cygneto Apps Private Limited | Previous |
Key People
Chatura Niraj Hutheesing Director Niraj Karnik Hutheesing Director Tejinderpalsingh Pritamsingh Oberoi Director Recognitions & Rankings of Cygnet Digital
Contact details
Cygnet Digital Private Limited's registered office is in Ahmedabad, Gujarat. Its website is cygnet.one. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address16 Swastik Society Nr. Amco Bank Stadium Circle Navarangp, Ura, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Cygnet Digital Private Limited, buy the company report.
Comprehensive company report
Cygnet Digital 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
Cygnet Digital operates two associated brands: Cygneto and Cygnet One. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers online sports betting and casino games via mobile app. | cygneto-apps.com | |
| A software solution for efficient accounting and financial management. | cygnet.one |
Business activity
The main business activity of Cygnet Digital is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Cygnet Digital Private Limited, buy the company report.
Financials of Cygnet Digital Private Limited
FY 2025 filings availableCygnet Digital Private Limited reported revenue of ₹30.44 Lakh (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹30.44 Lakh ▲ 12%
Net loss · FY 2025
₹1.68 Lakh margin -5.5%
EBITDA · FY 2025
₹3.09 Lakh margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▼ 23%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 62%
5 years · compounded
▼ 43%
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA fell 58% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.09 Lakh | ||||
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| Net Profit (PAT) | -₹1.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | -5.5% | ||||
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To see the full financial statements and ratios of Cygnet Digital Private Limited, buy the company report.
Board of directors of Cygnet Digital Private Limited
Cygnet Digital has 4 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 |
|---|---|---|---|---|
| Chatura Niraj Hutheesing Also directs: Swa Art and Craft LLP, Cygnet Enterprise Private Limited, Cygnet Ace Fintech Private Limited and 3 more | Director | 23 Nov 2015 | 10 Years 11 Months | Current |
| Niraj Karnik Hutheesing Also directs: Swa Art and Craft LLP, Jpoxy Polymers LLP, Cygnet Enterprise Private Limited and 5 more | Director | 24 Jul 2015 | 11 Years 3 Months | Current |
| Tejinderpalsingh Pritamsingh Oberoi Also directs: Jpoxy Polymers LLP, Cygnet Enterprise Private Limited, Cygnet Fintech Ifsc Private Limited and 2 more | Director | 24 Jul 2015 | 11 Years 3 Months | Current |
| Apurva Shivji Ashar Also directs: Cygnet Infotech Private Limited | Director | 23 Nov 2015 | 10 Years 11 Months | Current |
Auditor
Cygnet Digital Private Limited is audited by K. C. Mehta & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. C. Mehta & Co. | FY 2023 | 106237W |
Shareholding
The shareholding of Cygnet Digital 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 Cygnet Digital Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cygnet Digital 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
No delayed payments to MSME suppliers are on our record for Cygnet Digital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cygnet Digital Private Limited has a workforce of 1 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Cygnet Digital has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM8902B1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cygnet Digital Private Limited, buy the company report.
Recent activity
Cygnet Digital Private Limited has 6 board changes on record since 2015: 4 appointments and 2 cessations. The latest: Yogesh Kashinath Lokhande ceased to be Director on 11 Feb 2025.
AGM
Cygnet Digital Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cygnet Digital Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Yogesh Kashinath Lokhande ceased to be Director.
Ceased
Umesh Rateja ceased to be Director.
Appointed
Apurva Shivji Ashar was appointed as Director.
Appointed
Chatura Niraj Hutheesing was appointed as Director.
Appointed
Niraj Karnik Hutheesing was appointed as Director.
Appointed
Tejinderpalsingh Pritamsingh Oberoi was appointed as Director.
Incorporation
24 Jul 2015
Cygnet Digital Private Limited was registered on 24 Jul 2015 with Roc Ahmedabad & aged 11 years 3 months as per MCA records.
News
Frequently asked questions
Cygnet Digital is an active private limited company based in Ahmedabad, Gujarat, India. The company works in software development and support services, within the information technology industry. It was incorporated on 24 July 2015 (11+ years old) and is registered under CIN U74140GJ2015PTC083929.
Cygnet Digital has 4 current directors:
- Chatura Niraj Hutheesing - Director
- Niraj Karnik Hutheesing - Director
- Tejinderpalsingh Pritamsingh Oberoi - Director
- Apurva Shivji Ashar - Director
The latest financial statements of Cygnet Digital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Cygnet Digital is 24AAJCM8902B1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Cygnet Digital is U74140GJ2015PTC083929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cygnet Digital was incorporated on 24 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Yogesh Kashinath Lokhande ceased to be Director on 11 Feb 2025. Umesh Rateja ceased to be Director on 05 Mar 2020. Apurva Shivji Ashar was appointed as Director on 23 Nov 2015. Cygnet Digital has 6 board changes on record in total.
Yes, Cygnet Digital is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0205321).
Cygnet Digital can be reached through the website cygnet.one. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Cygnet Digital is at 16 Swastik Society Nr. Amco Bank Stadium Circle Navarangp, Ura, Ahmedabad, Gujarat, India – 380009.