DPIIT recognised startup Government of India
Startup India
Elastic Serve Private Limited
Elastic Serve Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.42 Cr
▲ 18% YoY
Net profit · FY 2025
₹9.36 Lakh
Net margin 3.9%
EBITDA · FY 2025
₹15.61 Lakh
EBITDA margin 6.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Elastic Serve Private Limited
Data last updated:
Elastic Serve Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 31 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2021PTC125254. Its GSTIN is 24AAGCE6254P1Z7 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Niravbhai Bharatkumar Kariya and Rachana Kariya.
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 C – 902 Arohi Elysium B/H Safal Parisar South Bopal, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.42 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹9.36 Lakh (net margin 3.9%) and EBITDA of ₹15.61 Lakh (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
The company is associated with 1 brand: Elastic Serve.
Elastic Serve Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0111590).
Company details
CIN U72900GJ2021PTC125254
Registration Number 125254
Incorporation Date 31 August 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0111590
Key People
Niravbhai Bharatkumar Kariya Director Rachana Kariya Director Khyati Tusharkumar Vaja Director Recognitions & Rankings of Elastic Serve
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-GJ-01-0111590
Contact details
Elastic Serve Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressC – 902 Arohi Elysium B/H Safal Parisar South Bopal, Ahmedabad, Gujarat, India – 380058
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Elastic Serve Private Limited, buy the company report.
Comprehensive company report
Elastic Serve 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
Elastic Serve operates one associated brand: Elastic Serve. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides software development and IT solutions for enterprises globally. | elasticserve.com |
Business activity
The main business activity of Elastic Serve is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Elastic Serve Private Limited, buy the company report.
Financials of Elastic Serve Private Limited
FY 2025 filings availableElastic Serve Private Limited reported revenue of ₹2.42 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹2.42 Cr ▲ 18%
Net profit · FY 2025
₹9.36 Lakh margin 3.9%
EBITDA · FY 2025
₹15.61 Lakh margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 82%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 18% growth in the latest year. EBITDA fell 47% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15.61 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹9.36 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.5% | |||
| Net Profit Margin | 3.9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Elastic Serve Private Limited, buy the company report.
Board of directors of Elastic Serve Private Limited
Elastic Serve has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niravbhai Bharatkumar Kariya | Director | 27 May 2022 | 4 Years 5 Months | Current |
| Rachana Kariya | Director | 31 Aug 2021 | 5 Years 2 Months | Current |
| Khyati Tusharkumar Vaja | Director | 31 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Elastic Serve Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Collaborative Learning Labs Private Limited | ₹2.42 Cr (FY 2023) | 24.0% | Thiruvananthapuram, Kerala, India | |||
| Gustavo Infotech Private Limited | ₹2.42 Cr (FY 2024) | 24.0% | New Delhi, Delhi, India | |||
| Obtenir Solutions Private Limited | ₹2.42 Cr (FY 2025) | 65.0% | Hyderabad, Telangana, India | |||
| Rfict Software Solutions Private Limited | ₹2.42 Cr (FY 2024) | 10.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Elastic Serve Private Limitedthis company | ₹2.42 Cr (FY 2025) | ₹9.36 Lakh | 3.9% | 18.0% | Ahmedabad, Gujarat, India | |
| Iware Logic Technologies Private Limited | ₹2.42 Cr (FY 2016) | -71.0% | Pune, Maharashtra, India | |||
| Mindparkour Private Limited | ₹2.42 Cr (FY 2024) | -7.0% | Bangalore, Karnataka, India | |||
| Transcending Horizons Private Limited | ₹2.42 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Thinksol Software Private Limited | ₹2.42 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Drivedge Infosolutions Private Limited | ₹2.42 Cr (FY 2025) | -12.0% | Pune, Maharashtra, India |
To see the full peer comparison of Elastic Serve Private Limited, buy the company report.
Auditor
Elastic Serve Private Limited is audited by K H Trivedi & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K H Trivedi & Co. | FY 2022 | 111054W |
Shareholding
The shareholding of Elastic Serve Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Elastic Serve Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Elastic Serve 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 Elastic Serve Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Elastic Serve Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
Elastic Serve has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCE6254P1Z7 | Gujarat | Active | 15 Nov 2021 |
To see the full GST registrations and return filing status of Elastic Serve Private Limited, buy the company report.
Recent activity
Elastic Serve Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Niravbhai Bharatkumar Kariya ceased to be Additional Director on 30 Sep 2022.
AGM
Elastic Serve Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Elastic Serve Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Niravbhai Bharatkumar Kariya ceased to be Additional Director.
Appointed
Niravbhai Bharatkumar Kariya was appointed as Director.
Appointed
Khyati Tusharkumar Vaja was appointed as Director.
Appointed
Rachana Kariya was appointed as Director.
Incorporation
31 Aug 2021
Elastic Serve Private Limited was registered on 31 Aug 2021 with Roc Ahmedabad & aged 5 years 2 months as per MCA records.
Frequently asked questions
Elastic Serve is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 31 August 2021 (5+ years old) and is registered under CIN U72900GJ2021PTC125254.
Elastic Serve has 3 current directors:
- Niravbhai Bharatkumar Kariya - Director
- Rachana Kariya - Director
- Khyati Tusharkumar Vaja - Director
The latest financial statements of Elastic Serve 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 2022 are in the company report.
The GSTIN of Elastic Serve is 24AAGCE6254P1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Elastic Serve is U72900GJ2021PTC125254. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elastic Serve was incorporated on 31 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Elastic Serve by revenue are Collaborative Learning Labs Private Limited, Gustavo Infotech Private Limited, Obtenir Solutions Private Limited, Rfict Software Solutions Private Limited, Iware Logic Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Niravbhai Bharatkumar Kariya ceased to be Additional Director on 30 Sep 2022. Niravbhai Bharatkumar Kariya was appointed as Director on 27 May 2022. Khyati Tusharkumar Vaja was appointed as Director on 31 Aug 2021. Elastic Serve has 4 board changes on record in total.
Yes, Elastic Serve is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Elastic Serve is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0111590).
The registered office of Elastic Serve is at C – 902 Arohi Elysium BH Safal Parisar South Bopal, Ahmedabad, Gujarat, India – 380058.
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