MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2021-22)
- Udyam number
- UDYAM-GJ-22-0036001
Euphoria Technologies Private Limited - business outsourcing in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹99.6 Cr
▲ 75% YoY
Net profit · FY 2020
₹78.94 Lakh
Net margin 0.8%
EBITDA · FY 2020
₹5.94 Cr
EBITDA margin 6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹9.22 Cr
Satisfied ₹3.52 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
12
Provident fund records
About Euphoria Technologies Private Limited
Data last updated:
Euphoria Technologies Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the business process outsourcing sector. It was incorporated on 31 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2010PTC063439. Its GSTIN is 24AACCE5768N1Z6 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Euphoria Offshore Services Private Limited. It is led by directors Mayurkumar Jaysukhlal Gohel and Hareshbhai Laxmanbhai Limbani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Surat, Gujarat.
As per the financials filed for FY 2020, the company reported a revenue of ₹99.6 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹78.94 Lakh (net margin 0.8%) and EBITDA of ₹5.94 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 145% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.22 Cr and satisfied charges of ₹3.52 Cr on record. Court records list 38 cases involving the company, including 2 filed by the company and 35 filed against it; 8 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in March 2020. Its 10 peer companies in the Outsourcing industry (Diversified BPO, IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Escalon Business Services Private Limited with revenue of ₹100.43 Cr.
Euphoria Technologies Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0036001). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website euphoriatechnologies.com.
Company Details of Euphoria Technologies Private Limited
CIN U72900GJ2010PTC063439
Registration Number 063439
Incorporation Date 31 December 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0036001
CIN History of Euphoria Technologies Private Limited
Euphoria Technologies has one previous CIN (Corporate Identification Number): U74910GJ2010PTC063439. The current CIN is U72900GJ2010PTC063439, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900GJ2010PTC063439 | Current |
| U74910GJ2010PTC063439 | Previous |
Recognitions & Rankings of Euphoria Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 403 4th Floor Nishal Arcade Shopping Nr. Vaishali Row House Green City Road, Pal, Surat, Gujarat, India – 395009
- IndustryBusiness Outsourcing, Business Process Outsourcing
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Business Activity of Euphoria Technologies Private Limited
The main business activity of Euphoria Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Euphoria Technologies Private Limited FY 2020 filings available
Euphoria Technologies Private Limited reported revenue of ₹99.6 Cr (up 75% YoY) for FY 2020.
Revenue · FY 2020
₹99.6 Cr ▲ 75%
Net profit · FY 2020
₹78.94 Lakh margin 0.8%
EBITDA · FY 2020
₹5.94 Cr margin 6%
Compounded Annual Growth Rate (CAGR) of Euphoria Technologies Private Limited
Revenue CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 54%
5 years · compounded
▲ 145%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 16%
5 years · compounded
▲ 130%
Revenue has grown at a compounded annual rate (CAGR) of 145% over five years, including 75% growth in the latest year. EBITDA fell 23% 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 Euphoria Technologies Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹99.6 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78.94 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 of Euphoria Technologies Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Euphoria Technologies are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Euphoria Technologies Private Limited
Euphoria Technologies has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hareshbhai Laxmanbhai Limbani | Additional Director | 07 Apr 2022 | 4 Years 6 Months | Current |
| Mayurkumar Jaysukhlal Gohel | Director | 12 Dec 2014 | 11 Years 10 Months | Current |
Peer Comparison of Euphoria Technologies Private Limited
Euphoria Technologies Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO, IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Escalon Business Services Private Limited | ₹100.43 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Mohali, Punjab, India |
| MGRM Infotech Solutions Private Limited | ₹100.34 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Gurgaon, Haryana, India |
| Ramy Infotech Private Limited | ₹99.96 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Delhi, India |
| Nippon Data Systems Limited | ₹99.96 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Acuity KP Solutions (India) Private Limited | ₹99.79 Cr (FY 2024) | •••• | •••• | 55.0% | •••• | Haryana, India |
| Euphoria Technologies Private Limited this company | ₹99.6 Cr (FY 2020) | •••• | •••• | 75.0% | •••• | Surat, Gujarat, India |
| Amilionn Technologies Private Limited | ₹99.08 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Digital Group Infotech Private Limited | ₹98.44 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| Applyboard India Private Limited | ₹98.35 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Gurgaon, Haryana, India |
| Concentrix Technologies (India) Private Limited | ₹98.21 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Gurgaon, Haryana, India |
| Relfast Solutions and Services Private Limited | ₹98.08 Cr (FY 2025) | •••• | •••• | 1131.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Euphoria Technologies by revenue in the Outsourcing industry (Diversified BPO, IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Euphoria Technologies Private Limited
Euphoria Technologies Private Limited is audited by T DHOLAKIYA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T DHOLAKIYA & CO | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Euphoria Technologies Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Euphoria Technologies Private Limited
Open charges
₹9.22 Cr
Satisfied charges
₹3.52 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Feb 2019 | Others | ₹5.8 Cr | Open |
| 04 Dec 2017 | Others | ₹3.42 Cr | Open |
| 28 Jun 2017 | Others | ₹2.75 Cr | Satisfied |
| 24 Sep 2016 | Others | ₹76.5 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Euphoria Technologies Private Limited
Euphoria Technologies Private Limited has 5 deals on record (5 secondary share transfers); the latest was in March 2020.
Total deals
5
Secondary share transfers
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Euphoria Technologies Private Limited
Euphoria Technologies Private Limited has 38 court cases on record: 2 filed by Euphoria Technologies, 35 filed against it, 1 where it is another party. 8 cases are pending and 30 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Total cases
38
Filed by the company
2
Filed against the company
35
Pending
8
Disposed
30
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 33 | 6 |
| NCLAT | 2 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Manpowergroup Services India Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Impact Infotech Private Limited | Pending |
| District court, South, Delhi | Criminal case | Filed against the company by Hero Fincorp Limited | Pending |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by Idfc First Bank Limited | Disposed |
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Full case history
All 38 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Euphoria Technologies Private Limited
Euphoria Technologies Private Limited has a workforce of 12 employees as of Mar 30, 2024.
Employee count
12
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Euphoria Technologies Private Limited
Euphoria Technologies Private Limited has 16 board changes on record since 2011: 2 appointments and 14 cessations. The latest: Kailash Thanmal Shah ceased to be Irp/Rp/Liquidator on 21 Feb 2025.
Ceased
Kailash Thanmal Shah ceased to be Irp/Rp/Liquidator.
Ceased
Mahendra Prasad Jindal ceased to be Irp/Rp/Liquidator.
Ceased
Jaysukhlal Naranbhai Gohel ceased to be Director.
Appointed
Hareshbhai Laxmanbhai Limbani was appointed as Additional Director.
Charges
A charge with Others of Rs. 580.00 Lakh registered on 18 Feb 2019 with Charge ID 100267910 was modified on 31 Mar 2022.
Charges
A charge with Others of Rs. 342.00 Lakh registered on 04 Dec 2017 with Charge ID 100143640 was modified on 25 Jan 2022.
AGM
Euphoria Technologies Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Euphoria Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 580.00 Lakh with Charge ID 100267910 was registered on 18 Feb 2019.
Charges
A charge registered on 28 Jun 2017 via Charge ID 100205717 with Others was fully satisfied on 15 Feb 2019.
Charges
A charge registered on 24 Sep 2016 via Charge ID 100055331 with Others was fully satisfied on 16 Oct 2018.
Charges
A charge with Others amounted to Rs. 342.00 Lakh with Charge ID 100143640 was registered on 04 Dec 2017.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Euphoria Technologies Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Euphoria Technologies Private Limited
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Subsidiaries & Group Companies of Euphoria Technologies Private Limited
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Corporate group structure
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GST Compliance of Euphoria Technologies Private Limited
Euphoria Technologies has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE5768N1Z6 | Gujarat | Active | 01 Jul 2017 |
| 27AACCE5768N1Z0 | Maharashtra | Active | 23 Sep 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Euphoria Technologies Private Limited
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Frequently Asked Questions about Euphoria Technologies Private Limited
Euphoria Technologies is an active private limited company based in Surat, Gujarat, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 31 December 2010 (16+ years old) and is registered under CIN U72900GJ2010PTC063439.
Euphoria Technologies reported revenue of ₹99.6 Cr for FY 2020 (up 75% YoY).
Euphoria Technologies has 2 current directors:
- Hareshbhai Laxmanbhai Limbani - Additional Director
- Mayurkumar Jaysukhlal Gohel - Director
Euphoria Technologies reported a net profit of ₹78.94 Lakh (net margin 0.8%) and EBITDA of ₹5.94 Cr (EBITDA margin 6%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Euphoria Technologies is 54% over three years and 145% over five years. In the latest year (FY 2020) revenue rose 75%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Euphoria Technologies is 24AACCE5768N1Z6, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AACCE5768N1Z0 (Maharashtra).
The CIN (Corporate Identification Number) of Euphoria Technologies is U72900GJ2010PTC063439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Euphoria Technologies has 38 court cases on record: 2 filed by the company and 35 filed against it. 8 are pending. Most are in the district courts.
Euphoria Technologies was incorporated on 31 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Euphoria Technologies has 5 deals on record (5 secondary share transfers); the latest was in March 2020.
The peers of Euphoria Technologies by revenue are Escalon Business Services Private Limited, MGRM Infotech Solutions Private Limited, Ramy Infotech Private Limited, Nippon Data Systems Limited, Acuity KP Solutions (India) Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO, IT Consulting and Services).