About Ethics Infotech LLP
Data last updated:
Ethics Infotech LLP is a limited liability partnership (LLP) based in Vadodara, 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 14 December 2018 and has been in existence for over 8 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAN-7648. Its GSTIN is 24AAHFE4723B1ZZ (Gujarat). The LLP holds 2 GST registrations, all of them active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Rajendrakumar Vallabhbhai Asodaria and Rohit V Pansara.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 901 To 903 9th Floor Neptune Edge, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹9.71 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net profit of ₹16.41 Lakh (net margin 1.7%) and EBITDA of -₹2.01 Lakh (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years.
The LLP has about 74 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹24.46 Cr and satisfied charges of ₹1.35 Cr on record. Court records list 1 case involving the LLP, including 1 filed against it.
For more details, the LLP can be reached via its website ethicsinfotech.in.
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- Registered Address901 To 903 9th Floor Neptune Edge, Vadodara, Gujarat, India – 390007
- 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
- One PDF report, delivered after checkout
Financials of Ethics Infotech LLP FY 2025 filings available
Ethics Infotech LLP reported revenue of ₹9.71 Cr (up 91% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ethics Infotech LLP
Revenue has grown at a compounded annual rate (CAGR) of 109% over three years, including 91% growth 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 of Ethics Infotech LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹16.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ethics Infotech LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Ethics Infotech are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Ethics Infotech LLP
Ethics Infotech has 4 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendrakumar Vallabhbhai Asodaria Also directs: Ethics Infinity Private Limited, Ethics Creation Private Limited, Ethics Steel Private Limited and 5 more | Designated Partner | 04 Jul 2019 | 7 Years 3 Months | Current |
| Rohit V Pansara Also directs: Ethics Infinity Private Limited, Ethics Creation Private Limited, Ethics Steel Private Limited and 4 more | Designated Partner | 14 Dec 2018 | 7 Years 9 Months | Current |
| Bipinbhai Ishwarbhai Kevadiya Also directs: Ethics Infinity Private Limited, Ethics Creation Private Limited, Shiffco Bazar Private Limited and 5 more | Designated Partner | 01 Apr 2025 | 1 Years 6 Months | Current |
| Chiragbhai Trikambhai Lakhani Also directs: Ethics Infinity Private Limited, Ethics Creation Private Limited, Ethics Steel Private Limited and 5 more | Designated Partner | 01 Apr 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Ethics Infotech LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ethics Infotech LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2022 | Bank of Maharashtra | ₹20 Cr | Open |
| 10 Oct 2022 | Bank of Maharashtra | ₹4.46 Cr | Open |
| 27 May 2021 | State Bank of India | ₹1.35 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Ethics Infotech LLP
Ethics Infotech LLP has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Dehradun, Uttarakhand | Court case (Summary Trial) | Filed against the company by State Government | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ethics Infotech LLP
Ethics Infotech LLP has a workforce of 126 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ethics Infotech LLP
Ethics Infotech LLP has 6 designated partner changes on record since 2018: 5 appointments and 1 cessation. The latest: Bipinbhai Ishwarbhai Kevadiya was appointed as Designated Partner on 01 Apr 2025.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ethics Infotech LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ethics Infotech LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ethics Infotech LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ethics Infotech LLP
Ethics Infotech has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHFE4723B1ZZ | Gujarat | Active | 27 Jan 2019 |
| 05AAHFE4723B1ZZ | Uttarakhand | Active | 22 Mar 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ethics Infotech LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ethics Infotech LLP
Ethics Infotech is an active limited liability partnership based in Vadodara, Gujarat, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 14 December 2018 (8+ years old) and is registered under LLPIN AAN-7648.
Ethics Infotech reported revenue of ₹9.71 Cr for FY 2023 (up 91% YoY).
Ethics Infotech has 4 current designated partners:
- Rajendrakumar Vallabhbhai Asodaria - Designated Partner
- Rohit V Pansara - Designated Partner
- Bipinbhai Ishwarbhai Kevadiya - Designated Partner
- Chiragbhai Trikambhai Lakhani - Designated Partner
Ethics Infotech reported a net profit of ₹16.41 Lakh (net margin 1.7%) and EBITDA of -₹2.01 Lakh (EBITDA margin -0.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ethics Infotech is 109% over three years. In the latest year (FY 2023) revenue rose 91%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ethics Infotech is 24AAHFE4723B1ZZ, registered in Gujarat. The LLP has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 05AAHFE4723B1ZZ (Uttarakhand).
The LLPIN (Limited Liability Partnership Identification Number) of Ethics Infotech is AAN-7648. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Ethics Infotech has 1 court case on record: 1 filed against it.
Ethics Infotech was incorporated on 14 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bipinbhai Ishwarbhai Kevadiya was appointed as Designated Partner on 01 Apr 2025. Chiragbhai Trikambhai Lakhani was appointed as Designated Partner on 01 Apr 2025. Vinodbhai Pragjibhai Mandvia was appointed as Designated Partner on 14 Mar 2020. Ethics Infotech has 6 designated partner changes on record in total.