About Greycell Software Private Limited
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Greycell Software Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2013PTC073404. Its GSTIN is 24AAFCG0437M1ZN (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kavitha Vachhani and Vinay Chandra Vachhani.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 308 Shail Complex B/H Girish Coldrinks Off C.G.Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.91 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹17.88 Lakh (net margin 9.4%) and EBITDA of ₹28.02 Lakh (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 25% over five years.
The company is associated with 1 brand: Greycell Labs.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greylabs.com.
Company details
Contact details
Greycell Software Private Limited's registered office is in Ahmedabad, Gujarat. Its website is greylabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address308 Shail Complex B/H Girish Coldrinks Off C.G.Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Greycell Software 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
Greycell Software operates one associated brand: Greycell Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, software development, testing, and support services globally. | greylabs.com |
Business activity
The main business activity of Greycell Software 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 Greycell Software Private Limited, buy the company report.
Financials of Greycell Software Private Limited
FY 2020 filings availableGreycell Software Private Limited reported revenue of ₹1.91 Cr (up 30% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 30% growth in the latest year. EBITDA rose 5% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
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| Total Revenue | ₹1.91 Cr | ||||
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| EBITDA | ₹28.02 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹17.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | ||||
| Net Profit Margin | 9.4% | ||||
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To see the full financial statements and ratios of Greycell Software Private Limited, buy the company report.
Board of directors of Greycell Software Private Limited
Greycell Software has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Snehalataben Vipinchandra Patel | Alternate Director | 01 Mar 2019 | 7 Years 7 Months | Current |
| Vipinchandra Ambalal Patel | Alternate Director | 01 Mar 2019 | 7 Years 7 Months | Current |
| Kavitha Vachhani | Director | 19 Jan 2015 | 11 Years 9 Months | Current |
| Vinay Chandra Vachhani | Director | 18 Jan 2013 | 13 Years 9 Months | Current |
Peer comparison
Greycell Software Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Tangentup Labs Private Limited | ₹1.91 Cr (FY 2023) | Kanayannur, Kerala, India | ||||
| Usis Technologies Private Limited | ₹1.91 Cr (FY 2024) | 114.0% | Coimbatore, Tamil Nadu, India | |||
| Infomile Solutions Private Limited | ₹1.91 Cr (FY 2024) | 12.0% | Hyderabad, Telangana, India | |||
| Jetbrain Robotics Private Limited | ₹1.91 Cr (FY 2024) | -8.0% | Gurgaon, Haryana, India | |||
| Greycell Software Private Limitedthis company | ₹1.91 Cr (FY 2020) | ₹17.88 Lakh | 9.4% | 30.0% | Ahmedabad, Gujarat, India | |
| Sunberry Eservices Private Limited | ₹1.91 Cr (FY 2016) | 23.0% | New Delhi, Delhi, India | |||
| Pia Consultancy and Engineering Private Limited | ₹1.91 Cr (FY 2025) | 17.0% | Delhi, India |
To see the full peer comparison of Greycell Software Private Limited, buy the company report.
Auditor
Greycell Software Private Limited is audited by S A R C & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A R C & ASSOCIATES | FY 2020 | 006085N |
Shareholding
The shareholding of Greycell Software Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Greycell Software Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Greycell Software 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
No delayed payments to MSME suppliers are on our record for Greycell Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Greycell Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCG0437M1ZN | Gujarat | Active | 25 Sep 2017 |
To see the full GST registrations and return filing status of Greycell Software Private Limited, buy the company report.
Recent activity
Greycell Software Private Limited has 6 board changes on record since 2013: 4 appointments and 2 cessations. The latest: Snehalataben Vipinchandra Patel was appointed as Alternate Director on 01 Mar 2019.
Frequently asked questions
Greycell Software is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 January 2013 (13+ years old) and is registered under CIN U72900GJ2013PTC073404.
Greycell Software has 4 current directors:
- Snehalataben Vipinchandra Patel - Alternate Director
- Vipinchandra Ambalal Patel - Alternate Director
- Kavitha Vachhani - Director
- Vinay Chandra Vachhani - Director
The latest financial statements of Greycell Software on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Greycell Software is 24AAFCG0437M1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Greycell Software is U72900GJ2013PTC073404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greycell Software was incorporated on 18 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Greycell Software by revenue are Tangentup Labs Private Limited, Usis Technologies Private Limited, Infomile Solutions Private Limited, Jetbrain Robotics Private Limited, Sunberry Eservices Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Snehalataben Vipinchandra Patel was appointed as Alternate Director on 01 Mar 2019. Vipinchandra Ambalal Patel was appointed as Alternate Director on 01 Mar 2019. Dharmesh Vinaychandra Vachhani ceased to be Director on 05 Jan 2016. Greycell Software has 6 board changes on record in total.
Greycell Software can be reached through the website greylabs.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Greycell Software is at 308 Shail Complex BH Girish Coldrinks Off C.G.Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
Greycell Software operates in the information technology industry, in the IT consulting and support services segment.