About Icertis Solutions Private Limited
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Icertis Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Icertis Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2009PTC134043. Its GSTIN is 27AACCI0821L1ZO (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shirish Madhukar Golwalkar and Kalpana Monish Darda.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹736.82 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹130.84 Cr (net margin -17.8%) and EBITDA of -₹83.98 Cr (EBITDA margin -11.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 26% over five years.
The company has about 1,628 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Icertis. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2009. The company has 8 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icertis.com.
Company details
Contact details
Icertis Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is icertis.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIcc Trade Tower A Fourth Floor, Senapati Bapat Road Shivaji Nagar, Pune, Maharashtra, India – 411016
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Icertis Solutions 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
Icertis Solutions operates one associated brand: Icertis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of contract lifecycle management platform with AI and agentic workflows | icertis.com |
Business activity
The main business activity of Icertis Solutions 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 Icertis Solutions Private Limited, buy the company report.
Financials of Icertis Solutions Private Limited
FY 2024 filings availableIcertis Solutions Private Limited reported revenue of ₹736.82 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 155% 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 | -₹83.98 Cr | ||||
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| Net Profit (PAT) | -₹130.84 Cr | ||||
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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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| EBITDA Margin | -11.4% | ||||
| Net Profit Margin | -17.8% | ||||
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To see the full financial statements and ratios of Icertis Solutions Private Limited, buy the company report.
Board of directors of Icertis Solutions Private Limited
Icertis Solutions has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shirish Madhukar Golwalkar | Director | 30 May 2014 | 12 Years 4 Months | Current |
| Kalpana Monish Darda Also directs: Cloudmoyo India Private Limited, Darda Solutions LLP | Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Samir Manohar Bodas Also directs: Cloudmoyo India Private Limited | Director | 08 Oct 2009 | 17 Years 0 Months | Current |
Auditor
Icertis Solutions Private Limited is audited by Natu And Pathak for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natu And Pathak | FY 2022 | 112219W |
Shareholding
The shareholding of Icertis 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Icertis Solutions Private Limited, buy the company report.
Deals & funding
Icertis Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2009.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Icertis Inc, Icertis Inc & Unmesh Bhathija, Icertis Inc & Monish Darda Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Icertis 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
Icertis Solutions Private Limited has 8 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
To see the full MSME payment records of Icertis Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Icertis Solutions Private Limited has a workforce of 1,628 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Icertis Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI0821L1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icertis Solutions Private Limited, buy the company report.
Recent activity
Icertis Solutions Private Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Shirish Madhukar Golwalkar ceased to be Additional Director on 23 Sep 2014.
1 earlier event is in the company report.
News
Frequently asked questions
Icertis Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 May 2009 (17+ years old) and is registered under CIN U72900PN2009PTC134043.
Icertis Solutions has 3 current directors:
- Shirish Madhukar Golwalkar - Director
- Kalpana Monish Darda - Director
- Samir Manohar Bodas - Director
The latest financial statements of Icertis Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Icertis Solutions is 27AACCI0821L1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icertis Solutions is U72900PN2009PTC134043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icertis Solutions was incorporated on 29 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
Icertis Solutions has 1 deal on record (1 secondary share transfer); the latest was in September 2009.
Shirish Madhukar Golwalkar ceased to be Additional Director on 23 Sep 2014. Shirish Madhukar Golwalkar was appointed as Director on 30 May 2014. Kalpana Monish Darda ceased to be Additional Director on 30 Sep 2013. Icertis Solutions has 10 board changes on record in total.
Icertis Solutions has 8 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Icertis Solutions can be reached through the website icertis.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Icertis Solutions is at Icc Trade Tower A Fourth Floor, Senapati Bapat Road Shivaji Nagar, Pune, Maharashtra, India – 411016.