About Igmite Solutions Private Limited
Data last updated:
Igmite Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 22 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284997. Its GSTIN is 27AAECI2548E1ZP (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.25 Lakh. It is led by directors including Gandhar Makarand Deshpande and Ashish Dattatraya Babtiwale.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.05 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.94 Lakh (net margin 2.8%) and EBITDA of ₹4.46 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company is associated with 1 brand: Igmite.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website igmite.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2C/102 Shree Sai Shilp Chs. Gavanpada Near Gavanpada Fire Brigade Mulund (East, ), Mumbai, Maharashtra, India – 400081
- 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 Igmite Solutions Private Limited
The main business activity of Igmite Solutions 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 Igmite Solutions Private Limited FY 2025 filings available
Igmite Solutions Private Limited reported revenue of ₹1.05 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Igmite Solutions Private Limited
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 24% 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 Igmite Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.46 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.94 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 Igmite Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 Igmite Solutions are in the company report.
Financial statements from FY 2017
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 Igmite Solutions Private Limited
Igmite Solutions 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 |
|---|---|---|---|---|---|---|
| Madhavsoft Services Private Limited | ₹1.05 Cr (FY 2024) | •••• | •••• | -11.0% | •••• | Zirakpur, Punjab, India |
| Potenza Software Services Private Limited | ₹1.05 Cr (FY 2021) | •••• | •••• | 6.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| TWS Web Technologies Private Limited | ₹1.05 Cr (FY 2025) | •••• | •••• | •••• | Rudrapur, Uttarakhand, India | |
| Timelign Software Services Private Limited | ₹1.05 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, India |
| Olik Technologies Private Limited | ₹1.05 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Igmite Solutions Private Limited this company | ₹1.05 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Pods Productivity Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Mumbai, Maharashtra, India |
| Yberry Infotainment Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 534.0% | •••• | Indore, Madhya Pradesh, India |
| Algodom Media LLP | ₹1.04 Cr (FY 2021) | •••• | •••• | 119.0% | •••• | Ujjain, Madhya Pradesh, India |
| Responscity Systems Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | Surat, Gujarat, India |
| Embright Infotech Private Limited | ₹1.04 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the five companies nearest above and the five nearest below Igmite Solutions 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 Igmite Solutions Private Limited
Igmite Solutions Private Limited is audited by DEVAKI S KALAMKAR & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DEVAKI S KALAMKAR & 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 Igmite Solutions Private Limited
Igmite Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gandhar Makarand Deshpande | Director | 22 Aug 2016 | 10 Years 1 Months | Current |
| Ashish Dattatraya Babtiwale Also directs: Navigo Analytix LLP | Director | 03 Sep 2019 | 7 Years 1 Months | Current |
| Makarand Mukund Deshpande | Director | 22 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Igmite Solutions 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 Igmite Solutions Private Limited
Igmite Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Igmite Solutions Private Limited
Employment history and EPFO contributions of people linked to Igmite Solutions.
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 Igmite Solutions Private Limited
Igmite Solutions Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Ashish Dattatraya Babtiwale ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Igmite Solutions 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 Igmite Solutions 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 Igmite Solutions 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 Igmite Solutions Private Limited
Igmite Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI2548E1ZP | Maharashtra | Active | 28 Sep 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 Igmite Solutions 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 Igmite Solutions Private Limited
Igmite Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 22 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284997.
Igmite Solutions reported revenue of ₹1.05 Cr for FY 2025 (down 25% YoY).
Igmite Solutions has 3 current directors:
- Gandhar Makarand Deshpande - Director
- Ashish Dattatraya Babtiwale - Director
- Makarand Mukund Deshpande - Director
Igmite Solutions reported a net profit of ₹2.94 Lakh (net margin 2.8%) and EBITDA of ₹4.46 Lakh (EBITDA margin 4.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Igmite Solutions is -5% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Igmite Solutions is 27AAECI2548E1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Igmite Solutions is U74999MH2016PTC284997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igmite Solutions was incorporated on 22 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Igmite Solutions by revenue are Madhavsoft Services Private Limited, Potenza Software Services Private Limited, TWS Web Technologies Private Limited, Timelign Software Services Private Limited, Olik Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Ashish Dattatraya Babtiwale ceased to be Additional Director on 30 Sep 2019. Ashish Dattatraya Babtiwale was appointed as Director on 03 Sep 2019. Gandhar Makarand Deshpande was appointed as Director on 22 Aug 2016. Igmite Solutions has 4 board changes on record in total.
Igmite Solutions can be reached through the website igmite.in. Its registered office is in Mumbai, Maharashtra, India.