Cygnet Infotech Private Limited - Company Profile

It is a information technology private limited company based in Ahmedabad, Gujarat, India, established in 2000.

2000 Ahmedabad, Gujarat, India Active

Last Updated: December 23, 2025

About Cygnet Infotech Private Limited

Cygnet Infotech Private Limited, a active private limited company, was established on 22 August 2000 in Ahmedabad, Gujarat, India. Engaging in application development & software solutions within the information and communication sector, it holds CIN: U72200GJ2000PTC038563. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹7.50 Cr and a paid-up capital of ₹5.20 Cr.

It upholds a compliant status. Employing 999 professional, Its leadership includes Chatura Niraj Hutheesing (Whole-Time Director), Vishal Shrenik Shah (Director), Niraj Karnik Hutheesing (Managing Director). Past directors included Chatura Niraj Hutheesing, Niraj Karnik Hutheesing, Keval Niraj Hutheesing. It holds ₹52.81 Cr open charges and ₹17.30 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 16-Swastik Society, Nr. Amco Bank, Stadium Circle, Opp. Diamond Plaza, Navr, Angpura, Ahmedabad, Gujarat, 380009.

Company Details

CIN/LLPIN
U72200GJ2000PTC038563
Registration Number
038563
Incorporation Date
22 August 2000
Authorized Capital
₹7.50 Cr
Paid-Up Capital
₹5.20 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.50 Cr as on 23-12-2025
Paid Up Capital ₹ 5.20 Cr as on 23-12-2025
Company Age 25 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 52.81 Cr as on 23-12-2025
Satisfied Charges ₹ 17.30 Cr as on 23-12-2025
Revenue Growth **** 28.38% (FY 2023)
Profit Growth **** 26.35% (FY 2023)
Ebitda **** 20.99% (FY 2023)
Net Worth 29.94% (FY 2023)
Total Assets **** 76.03% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Cygnet Infotech Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Cygnet Infotech Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Chatura Niraj Hutheesing	Whole-Time Director	29 Aug 2009	Current
Vishal Shrenik Shah	Director	27 Dec 2000	Current
Niraj Karnik Hutheesing	Managing Director	22 Aug 2000	Current
Keval Niraj Hutheesing	Director	30 Aug 2022	Current
Tejinderpalsingh Pritamsingh Oberoi	Whole-Time Director	10 Dec 2013	Current
Apurva Shivji Ashar	Whole-Time Director	01 Nov 2012	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	06 Jul 2023	Past
Pramod Abcsdd	Whole-Time Director	10 Dec 2013	Past
Pramod Abcsdd	Whole-Time Director	30 Aug 2022	Past
Pramod Abcsdd	Director	06 Jul 2023	Past
Pramod Abcsdd	Director	06 Jul 2023	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Cygnet Infotech.

Cygnet Infotech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.38% increase. The company also saw a substantial improvement in profitability, with a 26.35% increase in profit. The company's net worth Soared by an impressive increase of 29.94%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

28.38%

*******

Revenue from Operations

*******

29.25%

*******

Total Assets

*******

76.03%

*******

Profit or Loss

*******

26.35%

*******

Net Worth

*******

29.94%

*******

EBITDA

*******

20.99%

*******

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What is the Ownership and Shareholding Structure of Cygnet Infotech?

In 2023, Cygnet Infotech had a promoter holding of 97.50% and a public holding of 2.50%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹528,100,000.00

Satisfied Charges

₹173,000,000.00

Charges Breakdown by Lending Institutions

Others : 52.81 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Jun 2018	Others	₹52.81 Cr	Open
14 Aug 2014	Kotak Mahindra Bank Limited	₹10.00 Cr	Satisfied
22 Dec 2009	Citibank N. A.	₹4.00 Cr	Satisfied
11 Dec 2009	Citi Bank N.A.	₹3.00 Cr	Satisfied
23 Nov 2006	Syndicate Bank	₹3.00 M	Satisfied

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How Many Employees Work at Cygnet Infotech?

Cygnet Infotech has a workforce of 999 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Cygnet Infotech, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Cygnet Infotech's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Cygnet Infotech

Recent Activity within the Organization

Annual General Meeting

Progress on Cygnet Infotech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.
30 Sep 2025
Balance Sheet

Progress on Cygnet Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was documented.
31 Mar 2025
Charges

A charge with Others of Rs. 52.81 Cr registered on 22 Jun 2018 with Charge ID 100190192 was modified on 23 Feb 2024. was recorded as a recent event.
23 Feb 2024
Director Appointment

The activity Keval Niraj Hutheesing was appointed as a Director was appointed as a Director on 30 Aug 2022 & has been associated with this company since 3 years 5 months . was completed.
30 Aug 2022
Director Appointment

Progress on Nisarg Dilipray Trivedi was appointed as a CFO was appointed as a CFO on 18 Sep 2018 & has been associated with this company since 7 years 5 months . was documented.
18 Sep 2018
Charges

Progress on A charge registered on 11 Dec 2009 via Charge ID 10190977 with Citi Bank N.A. was fully satisfied on 30 Aug 2018. was documented.
30 Aug 2018

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