About Iken Solutions Private Limited
Data last updated:
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.
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.
Company details
Contact details
Iken Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is ikensolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address107/108 Mittal Chamber 10th Floor Opp Inox Theatre, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Iken 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
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Iken Solutions Private Limited, buy the company report.
Financials of Iken Solutions Private Limited
FY 2024 filings availableIken Solutions Private Limited reported revenue of ₹1.83 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Iken Solutions Private Limited, buy the company report.
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 6 Months | Current |
| Varun Narendra Goel Also directs: Mooga Tech Solutions (India) Private Limited, NG Cargocare Limited | Director | 20 Oct 2016 | 10 Years 0 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 2 Months | Current |
| Arvind Sampat Khot | Director | 20 Oct 2016 | 10 Years 0 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 | 10 Years 0 Months | Current |
Auditor
Iken Solutions Private Limited is audited by Bhuta Buch & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhuta Buch & Associates | FY 2023 | 00327695 |
Shareholding
The shareholding of Iken 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iken Solutions Private Limited, buy the company report.
Deals & funding
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 |
To see the full deal history of Iken Solutions Private Limited, buy the company report.
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 Iken 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
No delayed payments to MSME suppliers are on our record for Iken Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Iken Solutions Private Limited has a workforce of 12 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Iken Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI4878E2ZE | Maharashtra | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Iken Solutions Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 5 current directors:
- Radha Siddharth Goel - Director
- Varun Narendra Goel - Director
- Siddharth Goel - Director
- Arvind Sampat Khot - Director
- Aditya Goel - Director
The latest financial statements of Iken 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 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.
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.
Iken Solutions can be reached through the website ikensolutions.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Iken Solutions is at 107108 Mittal Chamber 10th Floor Opp Inox Theatre, Mumbai, Maharashtra, India – 400021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
