About Exult IT Services Private Limited
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Exult IT Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 31 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2000PTC129416. Its GSTIN is 27AAACW3235A1ZT (Maharashtra).
The company has an authorised share capital of ₹10.35 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Willis India Insurance Brokers Private Limited and Bhaichand Amoluk Financial Services Private Limited. It is led by directors Priya Vora Rushabh and Shruti Vora.
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 1114 Raheja Centre Free Press House Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.31 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹44.88 Lakh (net margin 91%) and EBITDA of ₹46.08 Lakh (EBITDA margin 93.4%). Revenue has declined at a compounded annual rate (CAGR) of 275% over three years and 28% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.45 Cr on record. Court records list 26 cases involving the company, including 16 filed by the company and 10 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website exult.co.
Company details
Name history
Exult IT Services has undergone 3 name changes throughout its history. The company was previously known as Willis India Insurance Brokers Private Limited, Bhaichand Amoluk Financial Services Private Limited, and Bhaichand Amoluk Insurance Brokers Private Limited. The current legal name is Exult It Services Private Limited.
| Company Name | Status |
|---|---|
| Exult IT Services Private Limited | Current |
| Willis India Insurance Brokers Private Limited | Previous |
| Bhaichand Amoluk Financial Services Private Limited | Previous |
| Bhaichand Amoluk Insurance Brokers Private Limited | Previous |
CIN history
Exult IT Services has one previous CIN (Corporate Identification Number): U67200MH2000PTC129416. The current CIN is U74900MH2000PTC129416, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2000PTC129416 | Current |
| U67200MH2000PTC129416 | Previous |
Contact details
Exult IT Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is exult.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1114 Raheja Centre Free Press House Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, IT Infrastructure Management & Services
To see the full contact details of Exult IT Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Exult IT Services is information and communication. In detail, this covers information service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities |
To see the full business activity and turnover split of Exult IT Services Private Limited, buy the company report.
Financials of Exult IT Services Private Limited
FY 2025 filings availableExult IT Services Private Limited reported revenue of ₹49.31 Lakh (up 18873% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years. EBITDA rose 176% 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 | ₹46.08 Lakh | ||||
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| Net Profit (PAT) | ₹44.88 Lakh | ||||
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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 | 93.4% | ||||
| Net Profit Margin | 91% | ||||
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To see the full financial statements and ratios of Exult IT Services Private Limited, buy the company report.
Board of directors of Exult IT Services Private Limited
Exult IT Services has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Vora Rushabh | Director | 26 Aug 2024 | 2 Years 2 Months | Current |
| Shruti Vora Also directs: Chemspec Chemicals Private Limited, Graphitegtc Private Limited, MVRV Fintech Private Limited and 5 more | Director | 26 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Exult IT Services Private Limited is audited by Shah modi Katudia & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah modi Katudia & Co LLP | FY 2023 | W100214 |
Shareholding
The shareholding of Exult IT Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Exult IT Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2016 | 100026407 | State Bank of India | ₹84 Lakh | Satisfied | |
| 31 Jan 2014 | 10485653 | Standard Chartered Bank | ₹1.61 Cr | Satisfied |
To see the full charge records of Exult IT Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Exult IT Services Private Limited has 26 court cases on record: 16 filed by Exult IT Services, 10 filed against it. 3 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 10 | 3 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed by the company against Bhaichand Amoluk Consultancy Services Pvt. Ltd. and 3 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S. Bangalore Metro Rail Corporation Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Willis Consulting Services Pvt. Ltd. and 3 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Willis Group Limited and Anr. | Pending |
| Bombay High Court | Court case (NMW) | Filed by the company against Insurance Regulatory and Development Authority and Ors. | Pending |
To see the full case history of Exult IT Services Private 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
Exult IT Services Private 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 |
|---|---|---|---|
| HS Associates |
To see the full MSME payment records of Exult IT Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Exult IT Services Private Limited has a workforce of 33 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Exult IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW3235A1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Exult IT Services Private Limited, buy the company report.
Recent activity
Exult IT Services Private Limited has 10 board changes on record since 2006: 2 appointments and 8 cessations. The latest: Jayant Vora Chhotalal ceased to be Director on 20 Oct 2025.
5 earlier events are in the company report.
Frequently asked questions
Exult IT Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 31 October 2000 (26+ years old) and is registered under CIN U74900MH2000PTC129416.
Exult IT Services has 2 current directors:
- Priya Vora Rushabh - Director
- Shruti Vora - Director
The latest financial statements of Exult IT Services 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 2015 are in the company report.
The GSTIN of Exult IT Services is 27AAACW3235A1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Exult IT Services is U74900MH2000PTC129416. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Exult IT Services has 26 court cases on record: 16 filed by the company and 10 filed against it. 3 are pending.
Exult IT Services was incorporated on 31 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayant Vora Chhotalal ceased to be Director on 20 Oct 2025. Rushabh Jayant Vora ceased to be Director on 20 Oct 2025. Priya Vora Rushabh was appointed as Director on 26 Aug 2024. Exult IT Services has 10 board changes on record in total.
Exult IT Services 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 28 May 2019.
Exult IT Services can be reached through the website exult.co. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Exult IT Services is at 1114 Raheja Centre Free Press House Journal Marg Nariman Point, Mumbai, Maharashtra, India – 400021.