About Flexalgo Systems Private Limited
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Flexalgo Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Flextrade Systems Pte Limited, Singapore. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 02 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2009PTC197522. Its GSTIN is 27AAECB0263F1Z2 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹24.18 Lakh. It was formerly known as Brade Equipments and Engineers Private Limited. It is led by directors including Vikas Shyamsundar Kedia and Shailendra Balani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 517 Sir Vithaldas Chambers 16 Mumbai Samachar Marg, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹89,709, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹56,342 (net margin -62.8%) and EBITDA of -₹53,430 (EBITDA margin -59.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 37% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flextrade.com.
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- Registered Address517 Sir Vithaldas Chambers 16 Mumbai Samachar Marg, Maharashtra, India – 400001
- 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
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Financials of Flexalgo Systems Private Limited FY 2025 filings available
Flexalgo Systems Private Limited reported revenue of ₹89,709 (down 83% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Flexalgo Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 83% fall in the latest year. EBITDA fell 111% 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 Flexalgo Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹53,430 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹56,342 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Flexalgo Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -59.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -62.8% | •••• | •••• | •••• | •••• |
| 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 Flexalgo Systems 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 Flexalgo Systems Private Limited
Flexalgo Systems Private 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 |
|---|---|---|---|---|---|---|
| Sach Technology Private Limited | ₹92,500 (FY 2017) | •••• | •••• | •••• | Delhi, India | |
| Nativeskye Private Limited | ₹92,344 (FY 2024) | •••• | •••• | 2555.0% | •••• | Thiruvananthapuram, Kerala, India |
| Eguardian Global Services India Private Limited | ₹91,752 (FY 2025) | •••• | •••• | 292.0% | •••• | Mumbai, Maharashtra, India |
| Coreone Technologies India Private Limited | ₹90,470 (FY 2025) | •••• | •••• | -97.0% | •••• | Bangalore, Karnataka, India |
| Satvik Websolutionsforme (India) Private Limited | ₹90,000 (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Flexalgo Systems Private Limited this company | ₹89,709 (FY 2025) | •••• | •••• | -83.0% | •••• | Mumbai, Maharashtra, India |
| Rapca Infotech Private Limited | ₹89,004 (FY 2025) | •••• | •••• | -85.0% | •••• | Delhi, India |
| Ace Agnitec Private Limited | ₹88,963 (FY 2025) | •••• | •••• | -46.0% | •••• | Bangalore, Karnataka, India |
| Imagine Systems and Solutions Private Limited | ₹88,858 (FY 2025) | •••• | •••• | 13.0% | •••• | Chennai, Tamil Nadu, India |
| Stablesoft Technologies Private Limited | ₹88,806 (FY 2025) | •••• | •••• | -24.0% | •••• | Chennai, Tamil Nadu, India |
| Caddsoft India Private Limited | ₹88,571 (FY 2021) | •••• | •••• | -87.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Flexalgo Systems 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 Flexalgo Systems Private Limited
Flexalgo Systems Private Limited is audited by H M A & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H M A & 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 Flexalgo Systems Private Limited
Flexalgo Systems has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Shyamsundar Kedia Also directs: Flextrade India Private Limited | Director | 21 May 2021 | 5 Years 4 Months | Current |
| Shailendra Balani Also directs: Flextrade India Private Limited | Director | 27 Jan 2014 | 12 Years 8 Months | Current |
| Vijaykiran Ramchandra Bhagwat Also directs: Flextrade India Private Limited | Director | 27 Jun 2022 | 4 Years 3 Months | Current |
Ownership and Shareholding of Flexalgo Systems 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 Flexalgo Systems Private Limited
Flexalgo Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Flexalgo Systems Private Limited
Employment history and EPFO contributions of people linked to Flexalgo Systems.
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 Flexalgo Systems Private Limited
Flexalgo Systems has one previous CIN (Corporate Identification Number): U29253MH2009PTC197522. The current CIN is U74900MH2009PTC197522, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2009PTC197522 | Current |
| U29253MH2009PTC197522 | Previous |
News related to Flexalgo Systems Private Limited
Recent Activity on Flexalgo Systems Private Limited
Flexalgo Systems Private Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Vijaykiran Ramchandra Bhagwat ceased to be Additional Director on 29 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Flexalgo Systems 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 Flexalgo Systems 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 Flexalgo Systems 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 Flexalgo Systems Private Limited
Flexalgo Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB0263F1Z2 | Maharashtra | 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 Flexalgo Systems 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 Flexalgo Systems Private Limited
Flexalgo Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 02 December 2009 (17+ years old) and is registered under CIN U74900MH2009PTC197522.
Flexalgo Systems reported revenue of ₹89,709 for FY 2025 (down 83% YoY).
Flexalgo Systems has 3 current directors:
- Vikas Shyamsundar Kedia - Director
- Shailendra Balani - Director
- Vijaykiran Ramchandra Bhagwat - Director
Flexalgo Systems reported a net loss of ₹56,342 (net margin -62.8%) and EBITDA of -₹53,430 (EBITDA margin -59.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flexalgo Systems is -52% over three years and -37% over five years. In the latest year (FY 2025) revenue fell 83%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Flexalgo Systems is 27AAECB0263F1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Flexalgo Systems is U74900MH2009PTC197522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flexalgo Systems was incorporated on 02 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Flexalgo Systems by revenue are Sach Technology Private Limited, Nativeskye Private Limited, Eguardian Global Services India Private Limited, Coreone Technologies India Private Limited, Satvik Websolutionsforme (India) Private Limited and 5 more, all in the Information Technology industry (Application Development).
Vijaykiran Ramchandra Bhagwat ceased to be Additional Director on 29 Sep 2022. Vijaykiran Ramchandra Bhagwat was appointed as Director on 27 Jun 2022. Manish Shyamsundar Kedia ceased to be Director on 07 Jan 2022. Flexalgo Systems has 9 board changes on record in total.
Flexalgo Systems can be reached through the website flextrade.com. Its registered office is in Mumbai, Maharashtra, India.