F1 Itech Associates Private Limited
About F1 Itech Associates Private Limited
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F1 Itech Associates Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2004PTC129304. Its GSTIN is 07AAACF9121C1Z3 (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manavath Xavier Mathew and Surinder Kumar Garg.
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 Gh – 3/37 Milap Apartment Sunder Vihar Paschim Vihar, New Delhi, Delhi, India – 110063.
As per the financials filed for FY 2024, the company reported a revenue of ₹57.12 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹5.6 Lakh (net margin 9.8%) and EBITDA of ₹6.52 Lakh (EBITDA margin 11.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 21% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressGh – 3/37 Milap Apartment Sunder Vihar Paschim Vihar, New Delhi, Delhi, India – 110063
- IndustryInformation Technology, IT Consulting & Support Services
- 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 of F1 Itech Associates Private Limited
The main business activity of F1 Itech Associates is information and communication. In detail, this covers information service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service 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 F1 Itech Associates Private Limited FY 2024 filings available
F1 Itech Associates Private Limited reported revenue of ₹57.12 Lakh (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of F1 Itech Associates Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 6% fall in the latest year. EBITDA fell 9% 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 F1 Itech Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹6.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.6 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 F1 Itech Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.8% | •••• | •••• | •••• | •••• |
| 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 F1 Itech Associates 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 F1 Itech Associates Private Limited
F1 Itech Associates Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (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 |
|---|---|---|---|---|---|---|
| Uv Innovations Private Limited | ₹57.37 Lakh (FY 2024) | •••• | •••• | -41.0% | •••• | Indore, Madhya Pradesh, India |
| Midnay Tech Private Limited | ₹57.35 Lakh (FY 2025) | •••• | •••• | -22.0% | •••• | Tirurangadi, Kerala, India |
| Pandupole Holdings Pvt Ltd | ₹57.31 Lakh (FY 2024) | •••• | •••• | 60.0% | •••• | Kolkata, West Bengal, India |
| Atic Data Systems Private Limited | ₹57.28 Lakh (FY 2022) | •••• | •••• | -22.0% | •••• | Bangalore, Karnataka, India |
| Creodomus Entertainment Private Limited | ₹57.15 Lakh (FY 2020) | •••• | •••• | -12.0% | •••• | Bangalore, Karnataka, India |
| F1 Itech Associates Private Limited this company | ₹57.12 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Sworn Tech Private Limited | ₹57.11 Lakh (FY 2024) | •••• | •••• | 14142.0% | •••• | Jaipur, Rajasthan, India |
| Hyper Internet Private Limited | ₹57.01 Lakh (FY 2024) | •••• | •••• | -55.0% | •••• | Mumbai, Maharashtra, India |
| Snortech Solutions Private Limited | ₹57.01 Lakh (FY 2020) | •••• | •••• | 47.0% | •••• | Ernakulam, Kerala, India |
| Dashmesh Infotech Pvt Ltd | ₹56.96 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Maces Tech Private Limited | ₹56.95 Lakh (FY 2024) | •••• | •••• | -14.0% | •••• | Akola, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below F1 Itech Associates by revenue in the Information Technology industry (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 F1 Itech Associates Private Limited
F1 Itech Associates Private Limited is audited by MUKUL SINGLA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUKUL SINGLA & 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 of F1 Itech Associates Private Limited
F1 Itech Associates has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manavath Xavier Mathew Also directs: SM Corporate Services Private Limited | Director | 22 Apr 2013 | 13 Years 5 Months | Current |
| Surinder Kumar Garg | Director | 08 Jul 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of F1 Itech Associates Private 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 F1 Itech Associates Private Limited
F1 Itech Associates Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at F1 Itech Associates Private Limited
Employment history and EPFO contributions of people linked to F1 Itech Associates.
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 F1 Itech Associates Private Limited
F1 Itech Associates Private Limited has 9 board changes on record since 2011: 2 appointments and 7 cessations. The latest: Surinder Kumar Garg was appointed as Director on 08 Jul 2019.
Credit Ratings, Litigation & Regulatory Alerts for F1 Itech Associates Private 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.
MSME Payment Delays by F1 Itech Associates Private Limited
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 F1 Itech Associates Private 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 F1 Itech Associates Private Limited
F1 Itech Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACF9121C1Z3 | Delhi | Active | 01 Jul 2017 |
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 F1 Itech Associates Private 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 F1 Itech Associates Private Limited
F1 Itech Associates is an active private limited company based in New Delhi, Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 21 September 2004 (22+ years old) and is registered under CIN U72200DL2004PTC129304.
F1 Itech Associates reported revenue of ₹57.12 Lakh for FY 2024 (down 6% YoY).
F1 Itech Associates has 2 current directors:
- Manavath Xavier Mathew - Director
- Surinder Kumar Garg - Director
F1 Itech Associates reported a net profit of ₹5.6 Lakh (net margin 9.8%) and EBITDA of ₹6.52 Lakh (EBITDA margin 11.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of F1 Itech Associates is -3% over three years and -21% over five years. In the latest year (FY 2024) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of F1 Itech Associates is 07AAACF9121C1Z3, registered in Delhi.
The CIN (Corporate Identification Number) of F1 Itech Associates is U72200DL2004PTC129304. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
F1 Itech Associates was incorporated on 21 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of F1 Itech Associates by revenue are Uv Innovations Private Limited, Midnay Tech Private Limited, Pandupole Holdings Pvt Ltd, Atic Data Systems Private Limited, Creodomus Entertainment Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Surinder Kumar Garg was appointed as Director on 08 Jul 2019. Gurprabhjit Singh Khurana ceased to be Director on 17 Aug 2018. Sandeep Gupta ceased to be Additional Director on 30 Aug 2016. F1 Itech Associates has 9 board changes on record in total.
The registered office of F1 Itech Associates is at Gh – 337 Milap Apartment Sunder Vihar Paschim Vihar, New Delhi, Delhi, India – 110063.