MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KL-02-0024568
Gadgeon Smart Systems Private Limited - information technology in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹146.29 Cr
▲ 14% YoY
Net profit · FY 2024
₹5.89 Cr
Net margin 4%
EBITDA · FY 2024
₹6.02 Cr
EBITDA margin 4.1%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.62 Cr
Issued & subscribed
Open charges
₹1.74 Cr
Satisfied ₹1.5 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
677
Provident fund records
About Gadgeon Smart Systems Private Limited
Data last updated:
Gadgeon Smart Systems Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2011PTC029251. Its GSTIN is 32AAECG3905H1ZZ (Kerala). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.62 Cr. It is led by directors including Shiyas Shahabudeen and Girish Kumar Pandala Ramachandran.
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 Ernakulam, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹146.29 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.89 Cr (net margin 4%) and EBITDA of ₹6.02 Cr (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 46% over five years.
The company has about 677 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹1.74 Cr and satisfied charges of ₹1.5 Cr on record. The company has 3 deals on record (1 secondary share transfer, 1 rights issue, 1 funding round), with disclosed funding of ₹5.6 Lakh; the latest was in October 2015. Its 8 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 3 smaller; the largest is Aligned Automation Services Private Limited with revenue of ₹147.44 Cr. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 2 overdue payments to 2 micro and small suppliers.
Gadgeon Smart Systems Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KL-02-0024568). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gadgeon.com.
Company details
CIN U72200KL2011PTC029251
Registration Number 029251
Incorporation Date 29 August 2011
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KL-02-0024568
Key People
Shiyas Shahabudeen Director Girish Kumar Pandala Ramachandran Director Nairrajeev Manthathugagadharan Director Recognitions & Rankings of Gadgeon Smart Systems
Contact details
Gadgeon Smart Systems Private Limited's registered office is in Ernakulam, Kerala. Its website is gadgeon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBld.No.VI/405 – E1 Toe9 Fathima Tower Malepally Road Off. Seaport – Airport Road Thrikkakara P, .O, Ernakulam, Kerala, India – 682021
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Gadgeon Smart Systems Private Limited, buy the company report.
Comprehensive company report
Gadgeon Smart Systems Private Limited - one report that includes everything
- 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
The main business activities of Gadgeon Smart Systems are information and communication and trade. In detail, this covers computer programming, consultancy and related activities, other information & communication service activities and retail trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| J | Information and communication | J8 | Other information & communication service activities | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Gadgeon Smart Systems Private Limited, buy the company report.
Financials of Gadgeon Smart Systems Private Limited
FY 2024 filings availableGadgeon Smart Systems Private Limited reported revenue of ₹146.29 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹146.29 Cr ▲ 14%
Net profit · FY 2024
₹5.89 Cr margin 4%
EBITDA · FY 2024
₹6.02 Cr margin 4.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 33%
5 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 113%
3 years · compounded
▼ 11%
5 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 14% growth in the latest year. EBITDA rose 113% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.89 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | 4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Gadgeon Smart Systems Private Limited, buy the company report.
Board of directors of Gadgeon Smart Systems Private Limited
Gadgeon Smart Systems has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiyas Shahabudeen Also directs: Gadgeon Group LLP | Director | 15 Dec 2015 | 10 Years 10 Months | Current |
| Girish Kumar Pandala Ramachandran Also directs: Gadgeon Group LLP, Gadgeon Railway Systems Private Limited | Director | 11 Aug 2017 | 9 Years 2 Months | Current |
| Nairrajeev Manthathugagadharan Also directs: Gadgeon Group LLP | Director | 11 Aug 2017 | 9 Years 2 Months | Current |
| Hariprasad Velukuttan Nair Also directs: Gadgeon Group LLP, Gadgeon Lifestyle Private Limited, Gadgeon Railway Systems Private Limited and 1 more | Director | 29 Aug 2011 | 15 Years 1 Months | Current |
| Aravind Ravikumar Also directs: Gadgeon Medical Systems Private Limited | Director | 01 Mar 2012 | 14 Years 7 Months | Current |
| Jino Sebastian Vadakkenveettil Also directs: Gadgeon Group LLP | Director | 30 Oct 2015 | 10 Years 11 Months | Current |
Peer comparison
Gadgeon Smart Systems Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aligned Automation Services Private Limited | ₹147.44 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Fourkites India Private Limited | ₹147.39 Cr (FY 2025) | 19.0% | Chennai, Tamil Nadu, India | |||
| LRS Services Private Limited | ₹147.32 Cr (FY 2025) | -64.0% | New Delhi, Delhi, India | |||
| Nuvem Labs Private Limited | ₹147.27 Cr (FY 2025) | 164.0% | New Delhi, Delhi, India | |||
| Citadel Research and Solutions Limited | ₹147.2 Cr (FY 2024) | -55.0% | Hyderabad, Andhra Pradesh, Telangana, India | |||
| Gadgeon Smart Systems Private Limitedthis company | ₹146.29 Cr (FY 2024) | ₹5.89 Cr | 4% | 14.0% | 677 | Ernakulam, Kerala, India |
| U.P.Electronics Corporation Limited | ₹146.08 Cr (FY 2021) | -25.0% | Uttar Pradesh, India | |||
| Hurix Systems Private Limited | ₹145.73 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| NTS Technology Services Private Limited | ₹145.54 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Gadgeon Smart Systems Private Limited, buy the company report.
Auditor
Gadgeon Smart Systems Private Limited is audited by JRS & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JRS & CO | FY 2023 | 008085S |
Shareholding
The shareholding of Gadgeon Smart Systems 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 Gadgeon Smart Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.74 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2025 | 101163045 | Hdfc Bank Limited | ₹1.45 Cr | Open | |
| 28 Oct 2024 | 101031759 | Hdfc Bank Limited | ₹29 Lakh | Open | |
| 05 Feb 2019 | 100238018 | Hdfc Bank Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Gadgeon Smart Systems Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Gadgeon Smart Systems Private Limited has 3 deals on record (1 secondary share transfer, 1 rights issue, 1 funding round), with disclosed funding of ₹5.6 Lakh; the latest was in October 2015.
Total deals
3
Secondary share transfer
1
Rights issue
1
Funding round
1
Disclosed funding
₹5.6 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Rights issue | ₹8.8 Lakh | Investors: 4 individuals |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2014 | Funding round | ₹5.6 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Gadgeon Smart Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Gadgeon Smart Systems Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JRS & Co | |||
| an individual supplier |
To see the full MSME payment records of Gadgeon Smart Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Gadgeon Smart Systems has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Gadgeon Lifestyle Private Limited | U31900KL2016PTC046373 | |
| Gadgeon Medical Systems Private Limited | U74999KL2018PTC053386 |
To see the full group structure of Gadgeon Smart Systems Private Limited, buy the company report.
Employees & EPFO
Gadgeon Smart Systems Private Limited has a workforce of 677 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
677
Active EPFO establishments
1
Employee growth
1.35%
GST
Gadgeon Smart Systems has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECG3905H1ZZ | Kerala | Active | 01 Jul 2017 |
| 32AAECG3905H2ZY | Kerala | Active | 09 Aug 2017 |
| 32AAECG3905H3ZX | Kerala | Active | 01 Apr 2025 |
To see the full GST registrations and return filing status of Gadgeon Smart Systems Private Limited, buy the company report.
Recent activity
Gadgeon Smart Systems Private Limited has 8 board changes on record since 2011: 7 appointments and 1 cessation. The latest: Girish Kumar Pandala Ramachandran was appointed as Director on 11 Aug 2017.
Charges
A charge registered on 05 Feb 2019 via Charge ID 100238018 with Hdfc Bank Limited was fully satisfied on 22 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.45 Cr with Charge ID 101163045 was registered on 12 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.29 Cr with Charge ID 101031759 was registered on 28 Oct 2024.
AGM
Gadgeon Smart Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gadgeon Smart Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge with Hdfc Bank Limited of Rs. 1.50 Cr registered on 05 Feb 2019 with Charge ID 100238018 was modified on 24 Mar 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100238018 was registered on 05 Feb 2019.
Appointed
Girish Kumar Pandala Ramachandran was appointed as Director.
Appointed
Nairrajeev Manthathugagadharan was appointed as Director.
Appointed
Shiyas Shahabudeen was appointed as Director.
Appointed
Jino Sebastian Vadakkenveettil was appointed as Director.
Ceased
Davis Mudarippady Chackunny ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Gadgeon Smart Systems is an active private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 August 2011 (15+ years old) and is registered under CIN U72200KL2011PTC029251.
Gadgeon Smart Systems has 6 current directors:
- Shiyas Shahabudeen - Director
- Girish Kumar Pandala Ramachandran - Director
- Nairrajeev Manthathugagadharan - Director
- Hariprasad Velukuttan Nair - Director
- Aravind Ravikumar - Director
- Jino Sebastian Vadakkenveettil - Director
The latest financial statements of Gadgeon Smart Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Gadgeon Smart Systems is 32AAECG3905H1ZZ, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 32AAECG3905H2ZY (Kerala), 32AAECG3905H3ZX (Kerala).
The CIN (Corporate Identification Number) of Gadgeon Smart Systems is U72200KL2011PTC029251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gadgeon Smart Systems was incorporated on 29 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
Gadgeon Smart Systems has 3 deals on record (1 secondary share transfer, 1 rights issue, 1 funding round), with disclosed funding of ₹5.6 Lakh; the latest was in October 2015.
The peers of Gadgeon Smart Systems by revenue are Aligned Automation Services Private Limited, Fourkites India Private Limited, LRS Services Private Limited, Nuvem Labs Private Limited, Citadel Research and Solutions Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Girish Kumar Pandala Ramachandran was appointed as Director on 11 Aug 2017. Nairrajeev Manthathugagadharan was appointed as Director on 11 Aug 2017. Shiyas Shahabudeen was appointed as Director on 15 Dec 2015. Gadgeon Smart Systems has 8 board changes on record in total.
Yes, Gadgeon Smart Systems is registered as an MSME under Udyam registration (number: UDYAM-KL-02-0024568).
Gadgeon Smart Systems has 2 MSME Form 1 returns on record between 2018 and 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 May 2019.
Gadgeon Smart Systems can be reached through the website gadgeon.com. Its registered office is in Ernakulam, Kerala, India.