MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0139814
Demandshore Solutions Private Limited - business outsourcing in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.28 Cr
▲ 5999884% YoY
Net loss · FY 2025
₹9.04 Cr
Net margin -63.3%
EBITDA · FY 2025
-₹8.8 Cr
EBITDA margin -61.6%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1.13 Lakh
Issued & subscribed
Satisfied charges
₹16.16 Cr
No open charges
Company age
23 yrs
Est. 2003
Employees · EPFO
295
Provident fund records
About Demandshore Solutions Private Limited
Data last updated:
Demandshore Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 13 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72400PN2003PTC018234. Its GSTIN is 27AABCE2261M1ZL (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.13 Lakh. It was formerly known as Qed Enabled Services Private Limited and Effiq E-Services Pvt Ltd. It is led by directors Jeremy David Rossen and Nilay Pradipbhai Mehta.
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 19th Floor Ap81 Koregaon Park, Pune, Maharashtra, India – 411036.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹9.04 Cr (net margin -63.3%) and EBITDA of -₹8.8 Cr (EBITDA margin -61.6%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 32% over five years.
The company has about 295 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: ZDPM, ReadITQuik and DemandShore. As per MCA filings, the company has satisfied charges of ₹16.16 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in July 2018. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Sensys Technologies Private Limited with revenue of ₹14.29 Cr.
Demandshore Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0139814). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website readitquik.com.
Company details
CIN U72400PN2003PTC018234
Registration Number 018234
Incorporation Date 13 August 2003
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0139814
Name history
Demandshore Solutions has undergone 2 name changes throughout its history. The company was previously known as Qed Enabled Services Private Limited, and Effiq E-Services Pvt Ltd. The current legal name is Demandshore Solutions Private Limited.
| Company Name | Status |
|---|---|
| Demandshore Solutions Private Limited | Current |
| Qed Enabled Services Private Limited | Previous |
| Effiq E-Services Pvt Ltd | Previous |
Recognitions & Rankings of Demandshore Solutions
Contact details
Demandshore Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is readitquik.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address19th Floor Ap81 Koregaon Park, Pune, Maharashtra, India – 411036
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Demandshore Solutions Private Limited, buy the company report.
Comprehensive company report
Demandshore Solutions 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
Demandshore Solutions operates multiple associated brands including ZDPM, ReadITQuik, and DemandShore. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions in branding and performance marketing. | zdperformancemarketing.com | |
| Digital platform providing IT news, articles, and updates for professionals. | readitquik.com | |
| Performance and demand generation marketing services, including branding, are provided. | demandshore.com |
Business activity
The main business activity of Demandshore Solutions 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 Demandshore Solutions Private Limited, buy the company report.
Financials of Demandshore Solutions Private Limited
FY 2025 filings availableDemandshore Solutions Private Limited reported revenue of ₹14.28 Cr (up 5999884% YoY) for FY 2025.
Revenue · FY 2025
₹14.28 Cr ▲ 5999884%
Net loss · FY 2025
₹9.04 Cr margin -63.3%
EBITDA · FY 2025
-₹8.8 Cr margin -61.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 43%
5 years · compounded
▼ 32%
EBITDA CAGR growth
1 year
▼ 715%
3 years · compounded
▼ 25%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years. EBITDA fell 715% 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 | -₹8.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.04 Cr | ||||
| Balance Sheet | |||||
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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 | -61.6% | ||||
| Net Profit Margin | -63.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Demandshore Solutions Private Limited, buy the company report.
Board of directors of Demandshore Solutions Private Limited
Demandshore Solutions has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeremy David Rossen | Director | 21 Jan 2022 | 4 Years 9 Months | Current |
| Nilay Pradipbhai Mehta | Director | 04 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Demandshore Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sensys Technologies Private Limited | ₹14.29 Cr (FY 2024) | 8.0% | Mumbai, Maharashtra, India | |||
| Prithvi Digitech Private Limited | ₹14.29 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Sand Network Private Limited | ₹14.29 Cr (FY 2024) | 94.0% | Andheri East Mumbai, Maharashtra, India | |||
| Loopio India Software Private Limited | ₹14.29 Cr (FY 2025) | 80.0% | Ahmedabad, Gujarat, India | |||
| Aihifusion Technologies Private Limited | ₹14.29 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Demandshore Solutions Private Limitedthis company | ₹14.28 Cr (FY 2025) | -₹9.04 Cr | -63.3% | 5999884.0% | 295 | Pune, Maharashtra, India |
| 3.0 Verse Limited | ₹14.26 Cr (FY 2025) | 1106.0% | Mumbai, Maharashtra, India | |||
| Vectone Solutions Private Limited | ₹14.26 Cr (FY 2025) | -24.0% | Ekkaduthangal, Tamil Nadu, India | |||
| Smart Login Solutions Private Limited | ₹14.25 Cr (FY 2020) | -34.0% | Hyderabad, Telangana, India | |||
| FDM Digital Solutions Private Limited | ₹14.24 Cr (FY 2025) | 1261.0% | Jaipur, Rajasthan, India | |||
| Skoodle Learning Private Limited | ₹14.23 Cr (FY 2024) | 22.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Demandshore Solutions Private Limited, buy the company report.
Auditor
Demandshore Solutions Private Limited is audited by MSKA & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2022 | 105047W |
Shareholding
The shareholding of Demandshore Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Demandshore Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹16.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2017 | 100100388 | Citi Bank N.A. | ₹2 Cr | Satisfied | |
| 14 Dec 2013 | 10467362 | Others | ₹10.63 Cr | Satisfied | |
| 08 Jul 2013 | 10437925 | The Saraswat Co - Operative Bank Limited | ₹16 Lakh | Satisfied | |
| 19 Jul 2011 | 10304890 | Dhanlaxmi Bank Limited | ₹2.3 Cr | Satisfied | |
| 27 Sep 2007 | 10076060 | The Saraswat Co - Operative Bank Limited | ₹17 Lakh | Satisfied |
To see the full charge records of Demandshore Solutions Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Demandshore Solutions Private Limited has 1 deal on record (1 acquisition); the latest was in July 2018.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Acquisition | Undisclosed | Buyer: Salesify Inc. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Demandshore Solutions Private Limited has 1 court case on record: 1 filed by Demandshore Solutions. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Coleda Pvt.Ltd. and 6 others | Disposed |
To see the full case history of Demandshore Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Demandshore Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Demandshore Solutions has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Demandshore Media Private Limited | U74999PN2017PTC168146 |
To see the full group structure of Demandshore Solutions Private Limited, buy the company report.
Employees & EPFO
Demandshore Solutions Private Limited has a workforce of 295 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
295
Active EPFO establishments
1
Employee growth
24.47%
GST
Demandshore Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE2261M1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Demandshore Solutions Private Limited, buy the company report.
Recent activity
Demandshore Solutions Private Limited has 11 board changes on record since 2018: 2 appointments and 9 cessations. The latest: Jeremy David Rossen ceased to be Additional Director on 29 Sep 2022.
AGM
Demandshore Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Demandshore Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Jeremy David Rossen ceased to be Additional Director.
Appointed
Jeremy David Rossen was appointed as Director.
Ceased
Nilay Pradipbhai Mehta ceased to be Additional Director.
Appointed
Nilay Pradipbhai Mehta was appointed as Director.
Ceased
Abhijit Anand Gangoli ceased to be Additional Director.
Ceased
Brian Stewart ceased to be Additional Director.
Ceased
Natalia Julia Cianfaglione ceased to be Additional Director.
Ceased
Stephen Hicks ceased to be Additional Director.
Ceased
Ajinkya Anil Beke ceased to be Additional Director.
Charges
A charge registered on 14 Dec 2013 via Charge ID 10467362 with Others was fully satisfied on 11 Sep 2018.
19 earlier events are in the company report.
Frequently asked questions
Demandshore Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 13 August 2003 (23+ years old) and is registered under CIN U72400PN2003PTC018234.
Demandshore Solutions has 2 current directors:
- Jeremy David Rossen - Director
- Nilay Pradipbhai Mehta - Director
The latest financial statements of Demandshore Solutions 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 2015 are in the company report.
The GSTIN of Demandshore Solutions is 27AABCE2261M1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Demandshore Solutions is U72400PN2003PTC018234. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Demandshore Solutions has 1 court case on record: 1 filed by the company.
Demandshore Solutions was incorporated on 13 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
Demandshore Solutions has 1 deal on record (1 acquisition); the latest was in July 2018.
The peers of Demandshore Solutions by revenue are Sensys Technologies Private Limited, Prithvi Digitech Private Limited, Sand Network Private Limited, Loopio India Software Private Limited, Aihifusion Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Jeremy David Rossen ceased to be Additional Director on 29 Sep 2022. Jeremy David Rossen was appointed as Director on 21 Jan 2022. Nilay Pradipbhai Mehta ceased to be Additional Director on 24 Nov 2020. Demandshore Solutions has 11 board changes on record in total.
Yes, Demandshore Solutions is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0139814).
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