About Eightyeight Pictures Cgtech Limited
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Eightyeight Pictures Cgtech Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PLC282404. Its GSTIN is 27AAECE3020D1ZA (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹32.5 Cr and a paid-up capital of ₹23.38 Cr. It was formerly known as Eightyeight Pictures Cgtech Private Limited. It is led by directors Siddhi Mhambre Liladhar (Whole-Time Director) and Aby John.
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 Ground Floor Plot No. C – 8 Road No. 22 MIDC Marol Andheri East, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.52 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹2.15 Cr (net margin 3%) and EBITDA of ₹12.93 Cr (EBITDA margin 17.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The company has about 504 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: 88 Games and 88 Pictures. As per MCA filings, the company has open charges of ₹40.33 Cr and satisfied charges of ₹19.5 Cr on record. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹7.8 Cr; the latest was in March 2024. Its 9 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 4 larger and 5 smaller; the largest is Apar Technologies Private Limited with revenue of ₹72.92 Cr. The company 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 current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 88.pictures.
Company details
CIN history
Eightyeight Pictures Cgtech has one previous CIN (Corporate Identification Number): U74999MH2016PTC282404. The current CIN is U74999MH2016PLC282404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2016PLC282404 | Current |
| U74999MH2016PTC282404 | Previous |
Contact details
Eightyeight Pictures Cgtech Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressGround Floor Plot No. C – 8 Road No. 22 MIDC Marol Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Brands
Eightyeight Pictures Cgtech operates two associated brands: 88 Games and 88 Pictures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Creates innovative mobile-based casual games. | 88games.in | |
| Animation solutions are provided for media industry content production. | 88.pictures |
Business activity
The main business activity of Eightyeight Pictures Cgtech is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Eightyeight Pictures Cgtech Limited, buy the company report.
Financials of Eightyeight Pictures Cgtech Limited
FY 2024 filings availableEightyeight Pictures Cgtech Limited reported revenue of ₹72.52 Cr (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 48% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 70% 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 | ₹12.93 Cr | ||||
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| Net Profit (PAT) | ₹2.15 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.8% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Eightyeight Pictures Cgtech Limited, buy the company report.
Board of directors and KMP of Eightyeight Pictures Cgtech Limited
Eightyeight Pictures Cgtech Limited currently reports 2 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aby John | Director | 17 Apr 2024 | 2 Years 6 Months | Current |
| Milind Dinkar Shinde | Ceo | 17 Apr 2024 | 2 Years 6 Months | Current |
| Siddhi Mhambre Liladhar | Whole-Time Director | 27 Jun 2016 | 10 Years 4 Months | Current |
Peer comparison
Eightyeight Pictures Cgtech Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apar Technologies Private Limited | ₹72.92 Cr (FY 2024) | -7.0% | Bangalore, Karnataka, India | |||
| Extinct Fire Engineers Private Limited | ₹72.83 Cr (FY 2024) | -12.0% | Mumbai, Maharashtra, India | |||
| Amadeus Design Studio Private Limited | ₹72.67 Cr (FY 2024) | -8.0% | Mumbai, Maharashtra, India | |||
| Principle Acs Engineering India Private Limited | ₹72.56 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Eightyeight Pictures Cgtech Limitedthis company | ₹72.52 Cr (FY 2025) | ₹2.15 Cr | 3% | -48.0% | Mumbai, Maharashtra, India | |
| Sulzer Tech India Private Limited | ₹72.51 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India | |||
| Nv5 Engineering Private Limited | ₹72.39 Cr (FY 2025) | 104.0% | Thane, Maharashtra, India | |||
| Value Network Ventures Advisory Services Private Limited | ₹72.06 Cr (FY 2025) | 153.0% | Bengaluru, Karnataka, India | |||
| Orbit & Skyline India Private Limited | ₹71.86 Cr (FY 2024) | 297.0% | Mohali, Punjab, India | |||
| Delphix Software Private Limited | ₹71.69 Cr (FY 2025) | -14.0% | New Delhi, Delhi, India |
To see the full peer comparison of Eightyeight Pictures Cgtech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101184974 | Others | ₹33 Lakh | Open | |
| 08 Aug 2025 | 101140744 | Others | ₹40 Cr | Open | |
| 22 Aug 2024 | 100975720 | Others | ₹18 Cr | Satisfied | |
| 09 Oct 2017 | 100130483 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Eightyeight Pictures Cgtech Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Eightyeight Pictures Cgtech Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹7.8 Cr; the latest was in March 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Taste Palate Global Private Limited , 3 individuals Seller: NJD Capital Private Limited , 2 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Taste Palate Global Private Limited , 2 individuals Seller: NJD Capital Private Limited |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: NJD Capital Private Limited |
| Nov 2016 | Funding round | ₹7.8 Cr | Investors: NJD Capital Private Limited |
To see the full deal history of Eightyeight Pictures Cgtech Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Eightyeight Pictures Cgtech 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
Eightyeight Pictures Cgtech 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 |
|---|---|---|---|
| Sniper Systems & Solutions Private Limited |
To see the full MSME payment records of Eightyeight Pictures Cgtech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Eightyeight Pictures Cgtech has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE3020D1ZA | Maharashtra | Active | 01 Jul 2017 |
| 27AAECE3020D2Z9 | Maharashtra | Active | 06 May 2024 |
| 29AAECE3020D1Z6 | Karnataka | Active | 26 Jul 2022 |
| 36AAECE3020D1ZB | Telangana | Active | 31 Oct 2023 |
To see the full GST registrations and return filing status of Eightyeight Pictures Cgtech Limited, buy the company report.
Recent activity
Eightyeight Pictures Cgtech Limited has 12 board changes on record since 2016: 3 appointments and 9 cessations. The latest: Kirti Gunvantrai Mehta ceased to be CFO on 18 Sep 2025.
10 earlier events are in the company report.
News
Frequently asked questions
Eightyeight Pictures Cgtech is an active public limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 June 2016 (10+ years old) and is registered under CIN U74999MH2016PLC282404.
Eightyeight Pictures Cgtech has 3 current directors and KMP:
- Siddhi Mhambre Liladhar - Whole-Time Director
- Aby John - Director
- Milind Dinkar Shinde - Ceo
The latest financial statements of Eightyeight Pictures Cgtech 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 Eightyeight Pictures Cgtech is 27AAECE3020D1ZA, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAECE3020D2Z9 (Maharashtra), 29AAECE3020D1Z6 (Karnataka), 36AAECE3020D1ZB (Telangana).
The CIN (Corporate Identification Number) of Eightyeight Pictures Cgtech is U74999MH2016PLC282404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eightyeight Pictures Cgtech was incorporated on 14 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Eightyeight Pictures Cgtech has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹7.8 Cr; the latest was in March 2024.
The peers of Eightyeight Pictures Cgtech by revenue are Apar Technologies Private Limited, Extinct Fire Engineers Private Limited, Amadeus Design Studio Private Limited, Principle Acs Engineering India Private Limited, Sulzer Tech India Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Kirti Gunvantrai Mehta ceased to be CFO on 18 Sep 2025. Amit Keval Sabarwal ceased to be Nominee Director on 29 Apr 2025. Aby John ceased to be Additional Director on 19 Apr 2024. Eightyeight Pictures Cgtech has 12 board changes on record in total.
Eightyeight Pictures Cgtech 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 30 May 2019.
Eightyeight Pictures Cgtech can be reached through the website 88.pictures. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Eightyeight Pictures Cgtech is at Ground Floor Plot No. C – 8 Road No. 22 MIDC Marol Andheri East, Mumbai, Maharashtra, India – 400093.
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