Iace Technology and Services Private Limited
About Iace Technology and Services Private Limited
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Iace Technology and Services Private Limited is a private limited company based in Delhi, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 18 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2012PTC234482. Its GSTIN is 07AACCI9141H1ZK (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Varun Rajeev Burman and Deepankar Sahdev.
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 1/7670 Gali No.4 East Gorakh Park Shahdara, Delhi, India – 110032.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹8.86 Lakh (net margin 7.1%) and EBITDA of ₹10.71 Lakh (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 2% over five years.
The company is associated with 1 brand: iAce Technologies.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
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- Registered Address1/7670 Gali No.4 East Gorakh Park Shahdara, Delhi, India – 110032
- IndustryInformation Technology, Software Development & 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 Iace Technology and Services Private Limited
The main business activity of Iace Technology and Services 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 | J6 | 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 Iace Technology and Services Private Limited FY 2025 filings available
Iace Technology and Services Private Limited reported revenue of ₹1.24 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Iace Technology and Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 37% growth in the latest year. EBITDA rose 30% 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 Iace Technology and Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹10.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.86 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 Iace Technology and Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.1% | •••• | •••• | •••• | •••• |
| 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 Iace Technology and Services 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 Iace Technology and Services Private Limited
Iace Technology and Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ikba Systems Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Rtech Software Solutions Private Limited | ₹1.25 Cr (FY 2025) | •••• | •••• | 235.0% | •••• | Hyderabad, Telangana, India |
| Lilchirp AI Technologies Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | 1689.0% | •••• | Rewa, Madhya Pradesh, India |
| Timesoft Solutions Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Pune, Maharashtra, India |
| Prodigitalworx Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | Chennai, Tamil Nadu, India |
| Iace Technology and Services Private Limited this company | ₹1.24 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Delhi, India |
| Fusil Solutions Private Limited | ₹1.24 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Hyderabad, Telangana, India |
| Nerve Cells AI Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | 125.0% | •••• | Ropar, Punjab, India |
| Coconut Softwares Private Limited | ₹1.24 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Thane, Maharashtra, India |
| Ipro Games India Private Limited | ₹1.24 Cr (FY 2022) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Stec Technologies Private Limited | ₹1.23 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Iace Technology and Services by revenue in the Information Technology industry (Software Services), 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 Iace Technology and Services Private Limited
Iace Technology and Services Private Limited is audited by SETHI AGARWAL AND ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SETHI AGARWAL AND ASSOCIATES | 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 Iace Technology and Services Private Limited
Iace Technology and Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Rajeev Burman Also directs: Zuvo Soft Private Limited, Yoeki Soft Private Limited | Director | 18 Apr 2012 | 14 Years 5 Months | Current |
| Deepankar Sahdev Also directs: Yoeki Soft Private Limited, Amy Softech Private Limited | Director | 03 Aug 2015 | 11 Years 2 Months | Current |
Ownership and Shareholding of Iace Technology and Services 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 Iace Technology and Services Private Limited
Iace Technology and Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Iace Technology and Services Private Limited
Iace Technology and Services operates one associated brand: iAce Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT digitization, ERP implementation, training, and business consulting services. | i-ace.in |
Employees and EPFO Compliance at Iace Technology and Services Private Limited
Employment history and EPFO contributions of people linked to Iace Technology and Services.
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 Iace Technology and Services Private Limited
Iace Technology and Services Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Puneet Verma ceased to be Director on 20 Aug 2018.
Credit Ratings, Litigation & Regulatory Alerts for Iace Technology and Services 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 Iace Technology and Services 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 Iace Technology and Services 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 Iace Technology and Services Private Limited
Iace Technology and Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCI9141H1ZK | 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 Iace Technology and Services 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 Iace Technology and Services Private Limited
Iace Technology and Services is an active private limited company based in Delhi, India. The company works in software development and support services, within the information technology industry. It was incorporated on 18 April 2012 (14+ years old) and is registered under CIN U74140DL2012PTC234482.
Iace Technology and Services reported revenue of ₹1.24 Cr for FY 2024 (up 37% YoY).
Iace Technology and Services has 2 current directors:
- Varun Rajeev Burman - Director
- Deepankar Sahdev - Director
Iace Technology and Services reported a net profit of ₹8.86 Lakh (net margin 7.1%) and EBITDA of ₹10.71 Lakh (EBITDA margin 8.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iace Technology and Services is 22% over three years and 2% over five years. In the latest year (FY 2024) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iace Technology and Services is 07AACCI9141H1ZK, registered in Delhi.
The CIN (Corporate Identification Number) of Iace Technology and Services is U74140DL2012PTC234482. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iace Technology and Services was incorporated on 18 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Iace Technology and Services by revenue are Ikba Systems Private Limited, Rtech Software Solutions Private Limited, Lilchirp AI Technologies Private Limited, Timesoft Solutions Private Limited, Prodigitalworx Private Limited and 5 more, all in the Information Technology industry (Software Services).
Puneet Verma ceased to be Director on 20 Aug 2018. Deepankar Sahdev was appointed as Director on 03 Aug 2015. Prashant Verma ceased to be Director on 02 Feb 2015. Iace Technology and Services has 6 board changes on record in total.
The registered office of Iace Technology and Services is at 17670 Gali No.4 East Gorakh Park Shahdara, Delhi, India – 110032.