Gagan Credits Private Limited
About Gagan Credits Private Limited
Data last updated:
Gagan Credits Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65912DL1988PTC032112.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.15 Lakh. It is led by directors Ramesh Prasad and Ashok Keshav Patankar.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at M – 5 Mezzanine Floor Modi Tower 98 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.14 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2,205 (net margin -1.9%) and EBITDA of -₹2,205 (EBITDA margin -1.9%). Revenue has declined at a compounded annual rate (CAGR) of 432% over three years and 52% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Gagan Credits Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressM – 5 Mezzanine Floor Modi Tower 98 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Gagan Credits 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 Gagan Credits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Gagan Credits Private Limited
FY 2025 filings availableGagan Credits Private Limited reported revenue of ₹1.14 Lakh (up 13775% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over five years. EBITDA rose 97% 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 | -₹2,205 | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹2,205 | ||||
| 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 | -1.9% | ||||
| Net Profit Margin | -1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Gagan Credits Private Limited, buy the company report.
Board of directors of Gagan Credits Private Limited
Gagan Credits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Prasad Also directs: Gagan Polymers Private Limited, Paradise Credits Private Limited, Meghla Investment Private Limited and 4 more | Director | 20 Nov 2019 | 6 Years 11 Months | Current |
| Ashok Keshav Patankar Also directs: Gagan Polymers Private Limited, Modi Home Products Limited, Agache Associates Limited and 5 more | Director | 11 Jul 1994 | 32 Years 3 Months | Current |
Auditor
Gagan Credits Private Limited is audited by ATUL MITTAL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATUL MITTAL & ASSOCIATES | FY 2020 | 022321N |
Shareholding
The shareholding of Gagan Credits Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gagan Credits Private Limited, buy the company report.
Legal cases
Gagan Credits Private Limited has 1 court case on record: 1 filed by Gagan Credits. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Sicom Ltd. . | Disposed |
To see the full case history of Gagan Credits 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
No delayed payments to MSME suppliers are on our record for Gagan Credits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Gagan Credits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Gagan Credits Private Limited has 3 board changes on record since 1994: 2 appointments and 1 cessation. The latest: Ramesh Prasad was appointed as Director on 20 Nov 2019.
Frequently asked questions
Gagan Credits is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 June 1988 (38+ years old) and is registered under CIN U65912DL1988PTC032112.
Gagan Credits has 2 current directors:
- Ramesh Prasad - Director
- Ashok Keshav Patankar - Director
The latest financial statements of Gagan Credits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gagan Credits is U65912DL1988PTC032112. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gagan Credits has 1 court case on record: 1 filed by the company.
Gagan Credits was incorporated on 16 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Delhi.
Ramesh Prasad was appointed as Director on 20 Nov 2019. Sreekumar Kodangil ceased to be Director on 20 Nov 2019. Ashok Keshav Patankar was appointed as Director on 11 Jul 1994.
The registered office of Gagan Credits is at M – 5 Mezzanine Floor Modi Tower 98 Nehru Place, New Delhi, Delhi, India – 110019.
Gagan Credits operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Gagan Credits is compliant as of 17 August 2026. The company is actively filing with the Registrar of Companies.
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