About Grayroutes Technology Private Limited
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Grayroutes Technology Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 23 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015PTC265905. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.12 Lakh. It is led by directors Soubhagya Sahoo and Sapna Rani Patel.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Office No.1 Ground Floor Elcon Chambers Nr. Telephone Exchange Sakinaka Mumbai, 400072., Maharashtra, India – 400072.
As per the financials filed for FY 2021, the company reported a revenue of ₹59.67 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹89,986 (net margin -1.5%) and EBITDA of ₹2.69 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 47% over five years.
The company is associated with 3 brands: GrayFOS, Gray Routes and GrayDrop. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grayroutes.in.
Company details
Contact details
Grayroutes Technology Private Limited's registered office is in Mumbai, Maharashtra. Its website is grayroutes.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No.1 Ground Floor Elcon Chambers Nr. Telephone Exchange Sakinaka Mumbai, 400072., Maharashtra, India – 400072
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Grayroutes Technology 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
Brands
Grayroutes Technology operates multiple associated brands including GrayFOS, Gray Routes, and GrayDrop. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a field sales application to streamline business operations. | grayfos.com | |
| Mobile apps are developed to automate distribution for SMEs. | grayroutes.in | |
| Delivery automation solutions are provided for supply chain streamlining. | graydrop.com |
Business activity
The main business activity of Grayroutes Technology is information and communication. In detail, this covers computer programming, consultancy and related activities.
| 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 |
To see the full business activity and turnover split of Grayroutes Technology Private Limited, buy the company report.
Financials of Grayroutes Technology Private Limited
FY 2021 filings availableGrayroutes Technology Private Limited reported revenue of ₹59.67 Lakh (down 73% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 73% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 47%. EBITDA fell 92% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹59.67 Lakh | ||||
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| EBITDA | ₹2.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹89,986 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | -1.5% | ||||
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To see the full financial statements and ratios of Grayroutes Technology Private Limited, buy the company report.
Board of directors of Grayroutes Technology Private Limited
Grayroutes Technology has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soubhagya Sahoo | Director | 23 Jun 2015 | 11 Years 4 Months | Current |
| Sapna Rani Patel | Director | 23 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Grayroutes Technology Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Software Services), with 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 |
|---|---|---|---|---|---|---|
| Gritworks Technology Private Limited | ₹59.99 Lakh (FY 2025) | 314.0% | Bangalore, Karnataka, India | |||
| Kusch Software Tech Private Limited | ₹59.87 Lakh (FY 2025) | -19.0% | Hyderabad, Telangana, India | |||
| Grayroutes Technology Private Limitedthis company | ₹59.67 Lakh (FY 2021) | -₹89,986 | -1.5% | -73.0% | Mumbai, Maharashtra, India | |
| Phoenix & York Technologies Private Limited | ₹59.64 Lakh (FY 2021) | -10.0% | Chennai, Tamil Nadu, India | |||
| Dna Systems Private Limited | ₹59.63 Lakh (FY 2019) | 271.0% | Visakhapatnam, Andhra Pradesh, India |
To see the full peer comparison of Grayroutes Technology Private Limited, buy the company report.
Auditor
Grayroutes Technology Private Limited is audited by SAHIB & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAHIB & CO | FY 2021 | 134327W |
Shareholding
The shareholding of Grayroutes Technology Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grayroutes Technology Private Limited, buy the company report.
Legal cases
Grayroutes Technology Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by SMFG India Credit Company Ltd | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Bajaj Finance Ltd. | Disposed |
To see the full case history of Grayroutes Technology 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 Grayroutes Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grayroutes Technology has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Grayroutes Technology Private Limited, buy the company report.
Recent activity
Grayroutes Technology Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Sapna Rani Patel was appointed as Director on 23 Jun 2015.
Frequently asked questions
Grayroutes Technology is an active private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 23 June 2015 (11+ years old) and is registered under CIN U74999MH2015PTC265905.
Grayroutes Technology has 2 current directors:
- Soubhagya Sahoo - Director
- Sapna Rani Patel - Director
The latest financial statements of Grayroutes Technology on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2016 are in the company report.
No. Grayroutes Technology has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Grayroutes Technology is U74999MH2015PTC265905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grayroutes Technology has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Grayroutes Technology was incorporated on 23 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Grayroutes Technology by revenue are Gritworks Technology Private Limited, Kusch Software Tech Private Limited, Phoenix & York Technologies Private Limited, Dna Systems Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Sapna Rani Patel was appointed as Director on 23 Jun 2015. Soubhagya Sahoo was appointed as Director on 23 Jun 2015.
Grayroutes Technology can be reached through the website grayroutes.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Grayroutes Technology is at Office No.1 Ground Floor Elcon Chambers Nr. Telephone Exchange Sakinaka Mumbai, 400072., Maharashtra, India – 400072.