About Iken Solutions Private Limited
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Iken Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2005PTC155074. Its GSTIN is 27AABCI4878E2ZE (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.14 Cr. It is led by directors including Radha Siddharth Goel and Varun Narendra Goel.
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 107/108 Mittal Chamber 10th Floor Opp Inox Theatre, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.83 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹76.28 Lakh (net margin -41.6%) and EBITDA of -₹71.61 Lakh (EBITDA margin -39.1%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 19% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: iken Solutions and Iken Personics. The company has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹3.25 Cr; the latest was in January 2019. Its 10 peer companies in the Information Technology industry (Application Development) are compared by revenue, 5 larger and 5 smaller; the largest is Pathak Corporation Private Limited with revenue of ₹1.84 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ikensolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address107/108 Mittal Chamber 10th Floor Opp Inox Theatre, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Iken Solutions Private Limited
The main business activity of Iken Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Iken Solutions Private Limited FY 2024 filings available
Iken Solutions Private Limited reported revenue of ₹1.83 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Iken Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 3% fall in the latest year. EBITDA rose 21% 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 Iken Solutions 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 | -₹71.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹76.28 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 Iken Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -39.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -41.6% | •••• | •••• | •••• | •••• |
| 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 Iken Solutions 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 Iken Solutions Private Limited
Iken Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pathak Corporation Private Limited | ₹1.84 Cr (FY 2024) | •••• | •••• | 191.0% | •••• | Nagpur, Maharashtra, India |
| Techbubble India Private Limited | ₹1.84 Cr (FY 2024) | •••• | •••• | -86.0% | •••• | Gandhinagar, Gujarat, India |
| Imbibe Technologies Private Limited | ₹1.84 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Karnal, Haryana, India |
| Techmust Software Private Limited | ₹1.84 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Bangalore, Karnataka, India |
| Deepraj Software Services Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Navi Mumbai, Maharashtra, India |
| Iken Solutions Private Limited this company | ₹1.83 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| General Data Pvt Ltd | ₹1.83 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Kavki Marketing and Technologies Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | 234.0% | •••• | Bengaluru, Karnataka, India |
| Lufick Technology Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | 950.0% | •••• | Gurugram, Haryana, India |
| Netmagnetic Software Infosolution Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Bhopal, Madhya Pradesh, India |
| Desklamp Software Technologies Private Limited | ₹1.83 Cr (FY 2025) | •••• | •••• | 219.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Iken Solutions by revenue in the Information Technology industry (Application Development), 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 Iken Solutions Private Limited
Iken Solutions Private Limited is audited by Bhuta Buch & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Bhuta Buch & 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 Iken Solutions Private Limited
Iken Solutions has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radha Siddharth Goel | Director | 28 Apr 2023 | 3 Years 5 Months | Current |
| Varun Narendra Goel Also directs: Mooga Tech Solutions (India) Private Limited, NG Cargocare Limited | Director | 20 Oct 2016 | 9 Years 11 Months | Current |
| Siddharth Goel Also directs: Mooga Tech Solutions (India) Private Limited, Vantage BPO Services Private Limited, Tortuga Invest LLP and 4 more | Director | 01 Sep 2006 | 20 Years 1 Months | Current |
| Arvind Sampat Khot | Director | 20 Oct 2016 | 9 Years 11 Months | Current |
| Aditya Goel Also directs: Ankytrixx and Friends Entertainment LLP, Infinity Smart Service India Private Limited, Club Medisa Tours Private Limited and 5 more | Director | 12 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Iken 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 Iken Solutions Private Limited
Iken Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Iken Solutions Private Limited
Iken Solutions Private Limited has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹3.25 Cr; the latest was in January 2019.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Send Clean Private Limited , an individual |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Send Clean Private Limited , 3 individuals Seller: 2 individuals |
| Jun 2012 | Funding round | ₹4.7 Lakh | Investors: Send Clean Private Limited , 3 individuals |
| Feb 2008 | Funding round | ₹15 Lakh | Investors: Send Clean Private Limited |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Iken Solutions Private Limited
Iken Solutions operates two associated brands: iken Solutions and Iken Personics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Data-driven technology solutions for finance, investment, HR, and e-commerce sectors. | ikensolutions.com | |
| AI-based customer analytics and personalized engagement are provided. | ikenpersonics.com |
Employees and EPFO Compliance at Iken Solutions Private Limited
Iken Solutions Private Limited has a workforce of 12 employees as of Apr 07, 2024.
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 Iken Solutions Private Limited
Iken Solutions Private Limited has 15 board changes on record since 2006: 5 appointments and 10 cessations. The latest: Radha Siddharth Goel ceased to be Additional Director on 29 Sep 2023.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Iken 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 Iken 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 Iken 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 Iken Solutions Private Limited
Iken Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI4878E2ZE | Maharashtra | Active | 31 Aug 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 Iken 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 Iken Solutions Private Limited
Iken Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 July 2005 (21+ years old) and is registered under CIN U72200MH2005PTC155074.
Iken Solutions reported revenue of ₹1.83 Cr for FY 2024 (down 3% YoY).
Iken Solutions has 5 current directors:
- Radha Siddharth Goel - Director
- Varun Narendra Goel - Director
- Siddharth Goel - Director
- Arvind Sampat Khot - Director
- Aditya Goel - Director
Iken Solutions reported a net loss of ₹76.28 Lakh (net margin -41.6%) and EBITDA of -₹71.61 Lakh (EBITDA margin -39.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iken Solutions is -14% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iken Solutions is 27AABCI4878E2ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Iken Solutions is U72200MH2005PTC155074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iken Solutions was incorporated on 26 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Iken Solutions has 11 deals on record (7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹3.25 Cr; the latest was in January 2019.
The peers of Iken Solutions by revenue are Pathak Corporation Private Limited, Techbubble India Private Limited, Imbibe Technologies Private Limited, Techmust Software Private Limited, Deepraj Software Services Private Limited and 5 more, all in the Information Technology industry (Application Development).
Radha Siddharth Goel ceased to be Additional Director on 29 Sep 2023. Radha Siddharth Goel was appointed as Director on 28 Apr 2023. Paul Gratien Robine ceased to be Nominee Director on 18 May 2018. Iken Solutions has 15 board changes on record in total.