About Ignite Solutions India Private Limited
Data last updated:
Ignite Solutions India Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 02 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2008PTC131224. Its GSTIN is 27AABCI8101L1ZK (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shreya Dilip Shah (Whole-Time Director) and Anand Lalit Shah (Whole-Time Director).
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 B – 901 Waterfront 59/60 Kalyani Nagar Near Golds Gym, Pune, Maharashtra, India – 411006.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.98 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹96.01 Lakh (net margin 10.7%) and EBITDA of ₹1.38 Cr (EBITDA margin 15.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Books Plus and Ignite Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ignitesol.com.
Company details
Contact details
Ignite Solutions India Private Limited's registered office is in Pune, Maharashtra. Its website is ignitesol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 901 Waterfront 59/60 Kalyani Nagar Near Golds Gym, Pune, Maharashtra, India – 411006
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Ignite Solutions India 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
Ignite Solutions India operates two associated brands: Books Plus and Ignite Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Augments printed books with interactive multimedia content via app. | booksplusapp.com | |
| Offers AI/ML services, app development, and developers for hire to businesses. | ignitesol.com |
Business activity
The main business activity of Ignite Solutions India 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 Ignite Solutions India Private Limited, buy the company report.
Financials of Ignite Solutions India Private Limited
FY 2025 filings availableIgnite Solutions India Private Limited reported revenue of ₹8.98 Cr (down 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 64% 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 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 | ₹1.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹96.01 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 10.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ignite Solutions India Private Limited, buy the company report.
Board of directors of Ignite Solutions India Private Limited
Ignite Solutions India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreya Dilip Shah | Whole-Time Director | 20 Aug 2010 | 16 Years 2 Months | Current |
| Anand Lalit Shah | Whole-Time Director | 02 Jan 2008 | 18 Years 9 Months | Current |
Peer comparison
Ignite Solutions India Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Macom Technology Solutions (Bangalore) Private Limited | ₹9.01 Cr (FY 2023) | 23.0% | Bangalore, Karnataka, India | |||
| Ignite Solutions India Private Limitedthis company | ₹8.98 Cr (FY 2024) | ₹96.01 Lakh | 10.7% | -32.0% | 40 | Pune, Maharashtra, India |
| Rudrabhishek Infosystem Private Limited | ₹8.97 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Empover I-Tech Private Limited | ₹8.96 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Culturegrade Technologies Private Limited | ₹8.95 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ignite Solutions India Private Limited, buy the company report.
Auditor
Ignite Solutions India Private Limited is audited by R. C. RESHAMWALA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. C. RESHAMWALA & CO. | FY 2023 | 108832W |
Shareholding
The shareholding of Ignite Solutions India 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 Ignite Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ignite Solutions India 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 Ignite Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ignite Solutions India Private Limited has a workforce of 40 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Ignite Solutions India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI8101L1ZK | Maharashtra | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Ignite Solutions India Private Limited, buy the company report.
Recent activity
Ignite Solutions India Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Anand Lalit Shah ceased to be Director on 06 Sep 2019.
Frequently asked questions
Ignite Solutions India is an active private limited company based in Pune, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 02 January 2008 (18+ years old) and is registered under CIN U72200PN2008PTC131224.
Ignite Solutions India has 2 current directors:
- Shreya Dilip Shah - Whole-Time Director
- Anand Lalit Shah - Whole-Time Director
The latest financial statements of Ignite Solutions India 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 2015 are in the company report.
The GSTIN of Ignite Solutions India is 27AABCI8101L1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ignite Solutions India is U72200PN2008PTC131224. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ignite Solutions India was incorporated on 02 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Ignite Solutions India by revenue are Macom Technology Solutions (Bangalore) Private Limited, Rudrabhishek Infosystem Private Limited, Empover I-Tech Private Limited, Culturegrade Technologies Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Anand Lalit Shah ceased to be Director on 06 Sep 2019. Shreya Dilip Shah ceased to be Director on 06 Sep 2019. Manish Rajnikant Reshamwala ceased to be Director on 20 Aug 2010. Ignite Solutions India has 5 board changes on record in total.
Ignite Solutions India can be reached through the website ignitesol.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Ignite Solutions India is at B – 901 Waterfront 5960 Kalyani Nagar Near Golds Gym, Pune, Maharashtra, India – 411006.
Ignite Solutions India operates in the information technology industry, in the software development and support services segment.