About E-Zest Solutions Limited
Data last updated:
E-Zest Solutions Limited was a public limited company based in Pune, Maharashtra, India, operated as a subsidiary of Accion Labs Solutions Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 August 2000.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72100PN2000PLC144013. Its GSTIN is 27AAACE7998Q1ZK (Maharashtra). The company held 3 GST registrations, all of them active.
The company had an authorised share capital of ₹34.03 Cr and a paid-up capital of ₹22.49 Cr. It was formerly known as E-Zest Solutions Private Limited. It was led by directors including Devendra Baburao Deshmukh (Managing Director) and Amol Ramesh Pande (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 2nd Floor Anand Nilay Business Center Karve Road Kothrud, Pune, Maharashtra, India – 411029.
As per the financials filed for FY 2021, the company reported a revenue of ₹203.97 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹9.88 Cr (net margin 4.8%) and EBITDA of ₹20.41 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 28% over five years.
The company had about 25 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Accion Labs and e-Zest. As per MCA filings, the company had satisfied charges of ₹45.96 Cr on record.
The last known website on record is e-zest.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Anand Nilay Business Center Karve Road Kothrud, Pune, Maharashtra, India – 411029
- 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
Business Activity of E-Zest Solutions Limited
The main business activity of E-Zest Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of E-Zest Solutions Limited FY 2021 filings available
E-Zest Solutions Limited reported revenue of ₹203.97 Cr (up 23% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of E-Zest Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 23% growth in the latest year. EBITDA fell 33% 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 E-Zest Solutions Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹20.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.88 Cr | •••• | •••• | •••• | •••• |
| 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 E-Zest Solutions Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• | •••• | •••• |
| 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 E-Zest Solutions are in the company report.
Financial statements from 2015
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.
Peer Comparison of E-Zest Solutions Limited
E-Zest Solutions Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Verifone India Technology Private Limited | ₹207.12 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Bangalore, Karnataka, India |
| Motorola Solutions Kodiak Networks India Private Limited | ₹206.34 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Roadzen Technologies Private Limited | ₹205.06 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Coforge SF Private Limited | ₹204.8 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
| Fiery Digital Imaging India Private Limited | ₹204.41 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| E-Zest Solutions Limited this company | ₹203.97 Cr (FY 2021) | •••• | •••• | 23.0% | •••• | Pune, Maharashtra, India |
| Biz Secure Labs Private Limited | ₹203.39 Cr (FY 2024) | •••• | •••• | 117.0% | •••• | Pune, Maharashtra, India |
| Tricon Infotech Private Limited | ₹201.55 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Agreeya Solutions (India) Private Limited | ₹201.24 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Intelliswift Software (India) Private Limited | ₹201.12 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Srijan Technologies Private Limited | ₹200.98 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below E-Zest Solutions by revenue in the Information Technology industry (Application Development), 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 E-Zest Solutions Limited
E-Zest Solutions Limited is audited by R R Bajaj & Associates for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R R Bajaj & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of E-Zest Solutions Limited
E-Zest Solutions Limited currently reports 5 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aneesh Garg | Director | 31 Mar 2021 | 5 Years 6 Months | As last reported |
| Devendra Baburao Deshmukh | Managing Director | 08 Aug 2000 | 26 Years 2 Months | As last reported |
| Amol Ramesh Pande Also directs: Fivyo Consulting LLP, E-Zest Digital Solutions Private Limited | Whole-Time Director | 08 Aug 2000 | 26 Years 2 Months | As last reported |
| Kinesh Kumar Doshi Also directs: E-Zest Digital Solutions Private Limited | Additional Director | 22 Dec 2021 | 4 Years 9 Months | As last reported |
| Sunil Sitaram Sardesai | Cfo | 18 May 2018 | 8 Years 4 Months | As last reported |
| Dhiraj Poddar Also directs: Dough Hook Artisanal Bakery LLP, Synokem Pharmaceuticals Limited, Omniactive Health Technologies Limited and 4 more | Director | 31 Mar 2021 | 5 Years 6 Months | As last reported |
Ownership and Shareholding of E-Zest Solutions Limited
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 E-Zest Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2018 | Citi Bank N.A. | ₹14 Cr | Satisfied |
| 23 Mar 2018 | Citi Bank N.A. | ₹3.5 Cr | Satisfied |
| 27 Feb 2017 | Others | ₹70 Lakh | Satisfied |
| 27 Feb 2017 | Others | ₹70 Lakh | Satisfied |
| 27 Feb 2017 | Others | ₹70 Lakh | Satisfied |
Total charge records: 16 View all charges
MSME Payment Delays by E-Zest Solutions Limited
E-Zest Solutions Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 3 overdue payments to 3 micro and small suppliers. 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Team One Architects (India) Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with E-Zest Solutions Limited
E-Zest Solutions operates two associated brands: Accion Labs and e-Zest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software Technology Services Firm | accionlabs.com | |
| IT suite and digital transformation services are provided globally. | e-zest.com |
Employees and EPFO Compliance at E-Zest Solutions Limited
E-Zest Solutions Limited has a workforce of 25 employees as of Mar 29, 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.
CIN History of E-Zest Solutions Limited
E-Zest Solutions has one previous CIN (Corporate Identification Number): U72100MH2000PLC128134. The current CIN is U72100PN2000PLC144013, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100PN2000PLC144013 | Current |
| U72100MH2000PLC128134 | Previous |
Recent Activity on E-Zest Solutions Limited
E-Zest Solutions Limited has 24 board changes on record since 2000: 6 appointments and 18 cessations. The latest: Ashutosh Maruti Bijoor ceased to be Director on 22 Dec 2021.
52 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for E-Zest Solutions Limited
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.
Subsidiaries & Group Companies of E-Zest Solutions Limited
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 E-Zest Solutions Limited
E-Zest Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE7998Q1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AAACE7998Q2ZJ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACE7998Q3ZI | Maharashtra | Active | 09 Mar 2020 |
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 E-Zest Solutions Limited
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 E-Zest Solutions Limited
E-Zest Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
E-Zest Solutions was a public limited company based in Pune, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 08 August 2000 and is registered under CIN U72100PN2000PLC144013. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
E-Zest Solutions was incorporated on 08 August 2000. It is registered with the Registrar of Companies, Pune.
E-Zest Solutions had 6 directors and KMP:
- Devendra Baburao Deshmukh - Managing Director
- Amol Ramesh Pande - Whole-Time Director
- Aneesh Garg - Director
- Kinesh Kumar Doshi - Additional Director
- Dhiraj Poddar - Director
- Sunil Sitaram Sardesai - Cfo
The CIN (Corporate Identification Number) of E-Zest Solutions is U72100PN2000PLC144013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of E-Zest Solutions is at 2nd Floor Anand Nilay Business Center Karve Road Kothrud, Pune, Maharashtra, India – 411029.
E-Zest Solutions can be reached through the website e-zest.com. Its registered office is in Pune, Maharashtra, India.
E-Zest Solutions reported revenue of ₹203.97 Cr for FY 2021 (up 23% YoY).
E-Zest Solutions has an authorised share capital of ₹34.03 Cr and a paid-up capital of ₹22.49 Cr.
E-Zest Solutions reported a net profit of ₹9.88 Cr (net margin 4.8%) and EBITDA of ₹20.41 Cr (EBITDA margin 10%) for FY 2021, as per its filed financial statements.
The GSTIN of E-Zest Solutions is 27AAACE7998Q1ZK, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACE7998Q2ZJ (Maharashtra), 27AAACE7998Q3ZI (Maharashtra).
E-Zest Solutions operated in the information technology industry, in the application development and software solutions segment.