About Garruda Technovate Private Limited
Data last updated:
Garruda Technovate Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 28 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1992PTC050110. Its GSTIN is 07AAACA0458R2ZE (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹12.09 Lakh. It was formerly known as Ashwini Agencies Private Limited. It is led by directors Ashwani Gupta and Shailja Gupta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 404 Fourth Floor Ansal Chamber 2, Bikaji Kama Palace, New Delhi, Delhi, India – 110066.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.05 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹8.05 Lakh (net margin 1.6%) and EBITDA of ₹1.06 Cr (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 22% over five years.
The company is associated with 1 brand: Garruda Technovate. As per MCA filings, the company has open charges of ₹1.17 Cr and satisfied charges of ₹35 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pos.garruda.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address404 Fourth Floor Ansal Chamber 2, Bikaji Kama Palace, New Delhi, Delhi, India – 110066
- IndustryInformation Technology, IT Products Retail & Distribution, 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
- One PDF report, delivered after checkout
Business Activity of Garruda Technovate Private Limited
The main business activity of Garruda Technovate 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 | 62 | 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 Garruda Technovate Private Limited FY 2025 filings available
Garruda Technovate Private Limited reported revenue of ₹5.05 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Garruda Technovate Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 9% growth in the latest year. EBITDA fell 16% 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 Garruda Technovate 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 | ₹1.06 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.05 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 Garruda Technovate Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Garruda Technovate 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 Garruda Technovate Private Limited
Garruda Technovate Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| First European Infotech India Limited | ₹5.06 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Viztech Soft Solutions Private Limited | ₹5.06 Cr (FY 2024) | •••• | •••• | -34.0% | •••• | Surat, Gujarat, India |
| Sveltoz Solutions Private Limited | ₹5.06 Cr (FY 2023) | •••• | •••• | 55.0% | •••• | Pune, Maharashtra, India |
| Bit4id India Private Limited | ₹5.05 Cr (FY 2025) | •••• | •••• | 445.0% | •••• | Gurgaon, Haryana, India |
| MMS Healthcare Technologies Private Limited | ₹5.05 Cr (FY 2020) | •••• | •••• | -29.0% | •••• | Navi Mumbai, Maharashtra, India |
| Garruda Technovate Private Limited this company | ₹5.05 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Blockgemini Infotech Private Limited | ₹5.05 Cr (FY 2023) | •••• | •••• | -16.0% | •••• | Bangalore, Karnataka, India |
| Ascent Information Systems Private Limited | ₹5.05 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Perfect Infosoft Private Limited | ₹5.04 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Madhya Pradesh, India |
| Accruepole Private Limited | ₹5.04 Cr (FY 2025) | •••• | •••• | 105.0% | •••• | Mumbai, Maharashtra, India |
| Tefugen Technologies Private Limited | ₹5.04 Cr (FY 2023) | •••• | •••• | -14.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Garruda Technovate by revenue in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution), 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 Garruda Technovate Private Limited
Garruda Technovate Private Limited is audited by S P M G & COMPANY for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S P M G & COMPANY | 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 Garruda Technovate Private Limited
Garruda Technovate has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwani Gupta | Director | 28 Aug 1992 | 34 Years 1 Months | Current |
| Shailja Gupta | Director | 20 Jul 2004 | 22 Years 2 Months | Current |
Ownership and Shareholding of Garruda Technovate 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 Garruda Technovate Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Aug 2023 | Others | ₹1.04 Cr | Open |
| 21 Jun 2023 | Hdfc Bank Limited | ₹13.14 Lakh | Open |
| 04 Jan 2006 | Icici Bank Ltd. | ₹35 Lakh | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Garruda Technovate Private Limited
Garruda Technovate operates one associated brand: Garruda Technovate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT solutions for petrol pump operations, accounting, and inventory management in India. | garruda.co.in |
Employees and EPFO Compliance at Garruda Technovate Private Limited
Employment history and EPFO contributions of people linked to Garruda Technovate.
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 Garruda Technovate Private Limited
Garruda Technovate Private Limited has 5 board changes on record since 1992: 2 appointments and 3 cessations. The latest: Chandramani Gupta ceased to be Additional Director on 29 Sep 2015.
Credit Ratings, Litigation & Regulatory Alerts for Garruda Technovate 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 Garruda Technovate 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 Garruda Technovate 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 Garruda Technovate Private Limited
Garruda Technovate has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA0458R2ZE | 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 Garruda Technovate 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 Garruda Technovate Private Limited
Garruda Technovate is an active private limited company based in New Delhi, Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 28 August 1992 (34+ years old) and is registered under CIN U74899DL1992PTC050110.
Garruda Technovate reported revenue of ₹5.05 Cr for FY 2025 (up 9% YoY).
Garruda Technovate has 2 current directors:
- Ashwani Gupta - Director
- Shailja Gupta - Director
Garruda Technovate reported a net profit of ₹8.05 Lakh (net margin 1.6%) and EBITDA of ₹1.06 Cr (EBITDA margin 20.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garruda Technovate is 24% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Garruda Technovate is 07AAACA0458R2ZE, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Garruda Technovate is U74899DL1992PTC050110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garruda Technovate was incorporated on 28 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Garruda Technovate by revenue are First European Infotech India Limited, Viztech Soft Solutions Private Limited, Sveltoz Solutions Private Limited, Bit4id India Private Limited, MMS Healthcare Technologies Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services, IT Products Retail and Distribution).
Chandramani Gupta ceased to be Additional Director on 29 Sep 2015. Radhika Gupta ceased to be Additional Director on 29 Sep 2015. Rishika Gupta ceased to be Additional Director on 29 Sep 2015. Garruda Technovate has 5 board changes on record in total.
Garruda Technovate can be reached through the website pos.garruda.co.in. Its registered office is in New Delhi, Delhi, India.