Startup India Government of India
Estorifi Solutions Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.77 Cr
▲ 180% YoY
Net loss · FY 2025
₹1.17 Cr
Net margin -17.3%
EBITDA · FY 2025
₹2.49 Cr
EBITDA margin 36.8%
Authorised capital
₹3.2 Cr
Registered with MCA
Paid-up capital
₹3.1 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
4
Provident fund records
Directors on board
4
As per MCA filings
About Estorifi Solutions Limited
Data last updated:
Estorifi Solutions Limited is a public limited company based in Mumbai, Maharashtra, 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 13 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PLC347754. Its GSTIN is 27AAGCE1349H1ZO (Maharashtra).
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹3.1 Cr. It is led by directors including Raja Debnath (Whole-Time Director) and Gautam Vijay Udani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr (net margin -17.3%) and EBITDA of ₹2.49 Cr (EBITDA margin 36.8%). Revenue has grown at a compounded annual rate (CAGR) of 651% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
Court records list 2 cases involving the company, including 2 filed against it. The company has 1 deal on record (1 acquisition); the latest was in June 2024. Its 7 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 4 smaller; the largest is Opticpower Labs (OPC) Private Limited with revenue of ₹6.78 Cr.
Estorifi Solutions Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0033500). For more details, the company can be reached via its website emandi.store.
Company details
CIN U72900MH2020PLC347754
Registration Number 347754
Incorporation Date 13 October 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0033500
CIN history
Estorifi Solutions has one previous CIN (Corporate Identification Number): U72900MH2020PTC347754. The current CIN is U72900MH2020PLC347754, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2020PLC347754 | Current |
| U72900MH2020PTC347754 | Previous |
Key People
Raja Debnath Whole-Time Director Gautam Vijay Udani Director Payal Mehul Maisheri Director Recognitions & Rankings of Estorifi Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2020-21)
- Udyam number
- UDYAM-MH-18-0033500
Contact details
Estorifi Solutions Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressGlobal One 2nd Floor Cts No 252 1, Opp Sbi Lbs Marg Kurla(W), Mumbai, Maharashtra, India – 400070
- IndustryInformation Technology, Application Development & Software Solutions
Comprehensive company report
Estorifi Solutions 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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Business activity
The main business activity of Estorifi Solutions 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 Estorifi Solutions Limited, buy the company report.
Financials of Estorifi Solutions Limited
FY 2024 filings availableEstorifi Solutions Limited reported revenue of ₹6.77 Cr (up 180% YoY) for FY 2025.
Revenue · FY 2025
₹6.77 Cr ▲ 180%
Net loss · FY 2025
₹1.17 Cr margin -17.3%
EBITDA · FY 2025
₹2.49 Cr margin 36.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 180%
3 years · compounded
▲ 651%
EBITDA CAGR growth
1 year
▲ 94%
3 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 651% over three years, including 180% growth in the latest year. EBITDA rose 94% 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 | ₹2.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.17 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 | 36.8% | ||||
| Net Profit Margin | -17.3% | ||||
| 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 Estorifi Solutions Limited, buy the company report.
Board of directors of Estorifi Solutions Limited
Estorifi Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Vijay Udani Also directs: Carebox Healthcare Solutions LLP, Veefin Solutions Limited, Globetf Solutions Limited and 5 more | Director | 13 Oct 2020 | 6 Years 0 Months | Current |
| Payal Mehul Maisheri Also directs: Globetf Solutions Limited, Finfuze Software Private Limited, Idvee Digital Labs Private Limited and 5 more | Director | 07 Sep 2024 | 2 Years 1 Months | Current |
| Ajay Babu Rajendran | Director | 05 Mar 2022 | 4 Years 7 Months | Current |
| Raja Debnath Also directs: Veefin Solutions Limited, Globetf Solutions Limited, Finfuze Software Private Limited and 5 more | Whole-Time Director | 13 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
Estorifi Solutions Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Opticpower Labs (OPC) Private Limited | ₹6.78 Cr (FY 2024) | 128.0% | Bangalore, Karnataka, India | |||
| Tetra Information Services Private Limited | ₹6.77 Cr (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Garvisai Private Limited | ₹6.77 Cr (FY 2024) | 137.0% | Indore, Madhya Pradesh, India | |||
| Estorifi Solutions Limitedthis company | ₹6.77 Cr (FY 2025) | -₹1.17 Cr | -17.3% | 180.0% | Mumbai, Maharashtra, India | |
| Fecund Software Services Private Limited | ₹6.77 Cr (FY 2025) | -26.0% | Pune, Maharashtra, India | |||
| Tech Talent Consulting India Private Limited | ₹6.76 Cr (FY 2025) | 38.0% | Bengaluru, Karnataka, India | |||
| Sieva Networks Solutions Private Limited | ₹6.76 Cr (FY 2025) | 20.0% | Thiruvananthapuram, Kerala, India | |||
| Progressive Infotech Private Limited | ₹6.75 Cr (FY 2025) | -88.0% | Delhi, India |
To see the full peer comparison of Estorifi Solutions Limited, buy the company report.
Deals & funding
Estorifi Solutions Limited has 1 deal on record (1 acquisition); the latest was in June 2024.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Acquisition | ₹6.1 Lakh | Buyer: Veefin Solutions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Estorifi Solutions Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by an individual | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by an individual | Disposed |
To see the full case history of Estorifi Solutions 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 Estorifi Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Estorifi Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCE1349H1ZO | Maharashtra | Active | 27 Nov 2020 |
To see the full GST registrations and return filing status of Estorifi Solutions Limited, buy the company report.
Recent activity
Estorifi Solutions Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Payal Mehul Maisheri ceased to be Additional Director on 29 Sep 2024.
AGM
Estorifi Solutions Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Payal Mehul Maisheri ceased to be Additional Director.
Ceased
Raja Debnath ceased to be Director.
Appointed
Payal Mehul Maisheri was appointed as Director.
Filing
Estorifi Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ajay Babu Rajendran ceased to be Additional Director.
Appointed
Ajay Babu Rajendran was appointed as Director.
Appointed
Gautam Vijay Udani was appointed as Director.
Appointed
Raja Debnath was appointed as Whole-Time Director.
Incorporation
13 Oct 2020
Estorifi Solutions Limited was registered on 13 Oct 2020 with Roc Mumbai & aged 6 years 20 days as per MCA records.
Frequently asked questions
Estorifi Solutions 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 13 October 2020 (6+ years old) and is registered under CIN U72900MH2020PLC347754.
Estorifi Solutions has 4 current directors:
- Raja Debnath - Whole-Time Director
- Gautam Vijay Udani - Director
- Payal Mehul Maisheri - Director
- Ajay Babu Rajendran - Director
The latest financial statements of Estorifi Solutions 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 2021 are in the company report.
The GSTIN of Estorifi Solutions is 27AAGCE1349H1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Estorifi Solutions is U72900MH2020PLC347754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Estorifi Solutions has 2 court cases on record: 2 filed against it.
Estorifi Solutions was incorporated on 13 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Estorifi Solutions has 1 deal on record (1 acquisition); the latest was in June 2024.
The peers of Estorifi Solutions by revenue are Opticpower Labs (OPC) Private Limited, Tetra Information Services Private Limited, Garvisai Private Limited, Fecund Software Services Private Limited, Tech Talent Consulting India Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Payal Mehul Maisheri ceased to be Additional Director on 29 Sep 2024. Raja Debnath ceased to be Director on 29 Sep 2024. Payal Mehul Maisheri was appointed as Director on 07 Sep 2024. Estorifi Solutions has 7 board changes on record in total.
Yes, Estorifi Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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