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Honestattva IT Solutions Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.49 Cr
▲ 37% YoY
Net profit · FY 2025
₹65.37 Lakh
Net margin 3.5%
EBITDA · FY 2025
₹1.39 Cr
EBITDA margin 7.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹11.12 Cr
Satisfied ₹6.3 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
18
Provident fund records
About Honestattva IT Solutions Private Limited
Data last updated:
Honestattva IT Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 09 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2018PTC100461. Its GSTIN is 24AAECH4103Q1ZK (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hardik Dilipkumar Vyas and Dilipkumar Dalsukhbhai Vyas.
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.49 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹65.37 Lakh (net margin 3.5%) and EBITDA of ₹1.39 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 43% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.12 Cr and satisfied charges of ₹6.3 Cr on record.
Honestattva IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0058843). For more details, the company can be reached via its website honestit.in.
Company details
CIN U72900GJ2018PTC100461
Registration Number 100461
Incorporation Date 09 January 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0058843
Recognitions & Rankings of Honestattva IT Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0058843
Contact details
Honestattva IT Solutions Private Limited's registered office is in Ahmedabad, Gujarat. Its website is honestit.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address170/171 Honest It Corporate House, Nr. Sanskrit Building Ashram Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, Software Development & Support Services, IT Products Retail & Distribution
To see the full contact details of Honestattva IT Solutions Private Limited, buy the company report.
Comprehensive company report
Honestattva IT Solutions Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Honestattva IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Honestattva IT Solutions Private Limited, buy the company report.
Financials of Honestattva IT Solutions Private Limited
FY 2025 filings availableHonestattva IT Solutions Private Limited reported revenue of ₹18.49 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹18.49 Cr ▲ 37%
Net profit · FY 2025
₹65.37 Lakh margin 3.5%
EBITDA · FY 2025
₹1.39 Cr margin 7.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 24%
5 years · compounded
▲ 43%
EBITDA CAGR growth
1 year
▲ 293%
3 years · compounded
▲ 144%
5 years · compounded
▲ 140%
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 37% growth in the latest year. EBITDA rose 293% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.39 Cr | ||||
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| Net Profit (PAT) | ₹65.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 7.5% | ||||
| Net Profit Margin | 3.5% | ||||
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To see the full financial statements and ratios of Honestattva IT Solutions Private Limited, buy the company report.
Board of directors of Honestattva IT Solutions Private Limited
Honestattva IT Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Dilipkumar Vyas Also directs: Honest IT Private Limited, Trustech Software Private Limited | Director | 09 Jan 2018 | 8 Years 9 Months | Current |
| Dilipkumar Dalsukhbhai Vyas | Director | 09 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Honestattva IT Solutions Private Limited is audited by Akhani & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Akhani & Associates | FY 2023 | 0143835W |
Shareholding
The shareholding of Honestattva IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Honestattva IT Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.12 Cr
Satisfied charges
₹6.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2025 | 101145128 | Others | ₹2.5 Cr | Open | |
| 22 Jul 2025 | 101150485 | Others | ₹8.57 Cr | Open | |
| 13 Jun 2023 | 100746309 | Hdfc Bank Limited | ₹5 Lakh | Open | |
| 24 Oct 2024 | 101038710 | Saraspur Nagarik Co. Operative Bank Limited | ₹6.3 Cr | Satisfied |
To see the full charge records of Honestattva IT Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Honestattva IT Solutions 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 Honestattva IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Honestattva IT Solutions Private Limited has a workforce of 18 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-25%
GST
Honestattva IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECH4103Q1ZK | Gujarat | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Honestattva IT Solutions Private Limited, buy the company report.
Recent activity
Honestattva IT Solutions Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Dilipkumar Dalsukhbhai Vyas was appointed as Director on 09 Jan 2018.
Charges
A charge with Hdfc Bank Limited of Rs. 5.00 Lakh registered on 13 Jun 2023 with Charge ID 100746309 was modified on 04 Nov 2025.
AGM
Honestattva It Solutions Private Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 857.20 Lakh registered on 22 Jul 2025 with Charge ID 101150485 was modified on 11 Aug 2025.
Charges
A charge registered on 24 Oct 2024 via Charge ID 101038710 with Saraspur Nagarik Co. Operative Bank Limited was fully satisfied on 07 Aug 2025.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 101145128 was registered on 24 Jul 2025.
Charges
A charge with Others amounted to Rs. 857.20 Lakh with Charge ID 101150485 was registered on 22 Jul 2025.
Filing
Honestattva It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Saraspur Nagarik Co. Operative Bank Limited amounted to Rs. 630.00 Lakh with Charge ID 101038710 was registered on 24 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Lakh with Charge ID 100746309 was registered on 13 Jun 2023.
Appointed
Dilipkumar Dalsukhbhai Vyas was appointed as Director.
Appointed
Hardik Dilipkumar Vyas was appointed as Director.
Incorporation
09 Jan 2018
Honestattva It Solutions Private Limited was registered on 09 Jan 2018 with Roc Ahmedabad & aged 8 years 9 months as per MCA records.
Frequently asked questions
Honestattva IT Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in software development and support services, within the information technology industry. It was incorporated on 09 January 2018 (8+ years old) and is registered under CIN U72900GJ2018PTC100461.
Honestattva IT Solutions has 2 current directors:
- Hardik Dilipkumar Vyas - Director
- Dilipkumar Dalsukhbhai Vyas - Director
The latest financial statements of Honestattva IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Honestattva IT Solutions is 24AAECH4103Q1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Honestattva IT Solutions is U72900GJ2018PTC100461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honestattva IT Solutions was incorporated on 09 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Dilipkumar Dalsukhbhai Vyas was appointed as Director on 09 Jan 2018. Hardik Dilipkumar Vyas was appointed as Director on 09 Jan 2018.
Yes, Honestattva IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Honestattva IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0058843).
Honestattva IT Solutions can be reached through the website honestit.in. Its registered office is in Ahmedabad, Gujarat, India.