Groovy Technoweb Private Limited
About Groovy Technoweb Private Limited
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Groovy Technoweb Private Limited is a private limited company based in Nadiad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 July 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2022PTC134343. Its GSTIN is 24AAJCG9492N1ZS (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Krunal Balmukund Panchal and Sagarbhai Atulbhai Patel.
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 519 – 520 5th Floor Center Square Santram Road Village: Nadiad Taluka: N, Adiad, Gujarat, India – 387001.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.96 Cr, a growth of 150% compared to the previous year. For the same year it recorded a net profit of ₹32.25 Lakh (net margin 4.1%) and EBITDA of ₹48.52 Lakh (EBITDA margin 6.1%).
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Groovy Web.
Company details
Contact details
Groovy Technoweb Private Limited's registered office is in Nadiad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address519 – 520 5th Floor Center Square Santram Road Village: Nadiad Taluka: N, Adiad, Gujarat, India – 387001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Groovy Technoweb 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
Groovy Technoweb operates one associated brand: Groovy Web. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers mobile app, web, and software development services for global clients. | groovyweb.co |
Business activity
The main business activity of Groovy Technoweb is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Groovy Technoweb Private Limited, buy the company report.
Financials of Groovy Technoweb Private Limited
FY 2025 filings availableGroovy Technoweb Private Limited reported revenue of ₹7.96 Cr (up 150% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year. EBITDA rose 253% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
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| EBITDA | ₹48.52 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹32.25 Lakh | |
| Balance Sheet | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.1% | |
| Net Profit Margin | 4.1% | |
| Return on Equity (ROE) | ||
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To see the full financial statements and ratios of Groovy Technoweb Private Limited, buy the company report.
Board of directors of Groovy Technoweb Private Limited
Groovy Technoweb has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krunal Balmukund Panchal Also directs: Groovy Connect LLP | Director | 29 Jul 2022 | 4 Years 2 Months | Current |
| Sagarbhai Atulbhai Patel Also directs: Groovy Connect LLP | Director | 29 Jul 2022 | 4 Years 2 Months | Current |
Peer comparison
Groovy Technoweb Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Creduce Technologies Private Limited | ₹7.98 Cr (FY 2025) | 32.0% | Banswara, Rajasthan, India | |||
| Lanesquare Technology Private Limited | ₹7.97 Cr (FY 2024) | -11.0% | Bengaluru, Karnataka, India | |||
| Magick Tech Private Limited | ₹7.97 Cr (FY 2025) | 1350.0% | Chennai, Tamil Nadu, India | |||
| Onedigitals Soft Solution India Private Limited | ₹7.97 Cr (FY 2024) | -5.0% | Hyderabad, Telangana, India | |||
| Tagmango Private Limited | ₹7.96 Cr (FY 2024) | 158.0% | Kolkata, West Bengal, India | |||
| Groovy Technoweb Private Limitedthis company | ₹7.96 Cr (FY 2024) | ₹32.25 Lakh | 4.1% | 150.0% | 17 | Nadiad, Gujarat, India |
| Rig Enterprise Applications Private Limited | ₹7.95 Cr (FY 2025) | -4.0% | Hyderabad, Telangana, India | |||
| Networkcity Innovations Private Limited | ₹7.95 Cr (FY 2025) | 77.0% | Basaveshwaranagar, Karnataka, India | |||
| Vcqru Private Limited | ₹7.95 Cr (FY 2025) | 36.0% | Gurgaon, Haryana, India | |||
| Scybers India Private Limited | ₹7.94 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Snet Networks Private Limited | ₹7.94 Cr (FY 2024) | -12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Groovy Technoweb Private Limited, buy the company report.
Auditor
Groovy Technoweb Private Limited is audited by PIYUSHPANCHAL&CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PIYUSHPANCHAL&CO. | FY 2023 | 120992W |
Shareholding
The shareholding of Groovy Technoweb Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Groovy Technoweb Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Groovy Technoweb 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 Groovy Technoweb Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Groovy Technoweb Private Limited has a workforce of 17 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Groovy Technoweb has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCG9492N1ZS | Gujarat | Active | 26 Aug 2022 |
To see the full GST registrations and return filing status of Groovy Technoweb Private Limited, buy the company report.
Recent activity
Groovy Technoweb Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Krunal Balmukund Panchal was appointed as Director on 29 Jul 2022.
Frequently asked questions
Groovy Technoweb is an active private limited company based in Nadiad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 July 2022 (4+ years old) and is registered under CIN U72900GJ2022PTC134343.
Groovy Technoweb has 2 current directors:
- Krunal Balmukund Panchal - Director
- Sagarbhai Atulbhai Patel - Director
The latest financial statements of Groovy Technoweb on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Groovy Technoweb is 24AAJCG9492N1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Groovy Technoweb is U72900GJ2022PTC134343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Groovy Technoweb was incorporated on 29 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Groovy Technoweb by revenue are Creduce Technologies Private Limited, Lanesquare Technology Private Limited, Magick Tech Private Limited, Onedigitals Soft Solution India Private Limited, Tagmango Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Krunal Balmukund Panchal was appointed as Director on 29 Jul 2022. Sagarbhai Atulbhai Patel was appointed as Director on 29 Jul 2022.
The registered office of Groovy Technoweb is at 519 – 520 5th Floor Center Square Santram Road Village: Nadiad Taluka: N, Adiad, Gujarat, India – 387001.
Groovy Technoweb operates in the information technology industry, in the application development and software solutions segment.
Groovy Technoweb has 1 associated brand: Groovy Web.