MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0022170
Iksula Services Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹73.22 Cr
▼ 12% YoY
Net profit · FY 2025
₹99.23 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹2.02 Cr
EBITDA margin 2.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹49.28 Lakh
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
19 yrs
Est. 2007
Employees · EPFO
306
Provident fund records
About Iksula Services Private Limited
Data last updated:
Iksula Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2007PTC172659. Its GSTIN is 27AABCI7178P1ZT (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹49.28 Lakh. It is led by directors Samarjeet Singh and Dhruba Jyoti Basumatari.
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 861 Solitaire Corporate Park Andheri Ghatkoper Link Road, Nr Mirador Hotel Andheri (East) Mumbai – 400093, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹73.22 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹99.23 Lakh (net margin 1.4%) and EBITDA of ₹2.02 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The company has about 306 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Iksula. As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 2 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹61.8 Lakh; the latest was in September 2022. Its 10 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is Avin Systems Private Limited with revenue of ₹74.87 Cr. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 48 overdue payments to 15 micro and small suppliers.
Iksula Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0022170). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iksula.com.
Company details
CIN U93000MH2007PTC172659
Registration Number 172659
Incorporation Date 28 July 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0022170
Recognitions & Rankings of Iksula Services
Contact details
Iksula Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is iksula.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address861 Solitaire Corporate Park Andheri Ghatkoper Link Road, Nr Mirador Hotel Andheri (East) Mumbai – 400093, Maharashtra, India – 400093
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Iksula Services Private Limited, buy the company report.
Comprehensive company report
Iksula Services Private Limited - one report that includes everything
- 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
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Brands
Iksula Services operates one associated brand: Iksula. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive e-commerce and management solutions. | iksula.com |
Business activity
The main business activity of Iksula Services 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 Iksula Services Private Limited, buy the company report.
Financials of Iksula Services Private Limited
FY 2025 filings availableIksula Services Private Limited reported revenue of ₹73.22 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹73.22 Cr ▼ 12%
Net profit · FY 2025
₹99.23 Lakh margin 1.4%
EBITDA · FY 2025
₹2.02 Cr margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 5%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 24%
5 years · compounded
▼ 29%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 67% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹99.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Iksula Services Private Limited, buy the company report.
Board of directors of Iksula Services Private Limited
Iksula Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samarjeet Singh Also directs: Shisen Fox Lifestyle Private Limited, Niche Retail Private Limited, Brand Fanatics Private Limited and 4 more | Director | 28 Jul 2007 | 19 Years 3 Months | Current |
| Dhruba Jyoti Basumatari Also directs: Shisen Fox Lifestyle Private Limited, Niche Retail Private Limited, Ekavw Services Private Limited and 2 more | Director | 01 Oct 2012 | 14 Years 1 Months | Current |
Peer comparison
Iksula Services Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avin Systems Private Limited | ₹74.87 Cr (FY 2025) | 27.0% | Bangalore, Karnataka, India | |||
| Microgenesis Techsoft Private Limited | ₹74.76 Cr (FY 2023) | 43.0% | Bengaluru, Karnataka, India | |||
| Crayon IT Services Private Limited | ₹73.5 Cr (FY 2025) | 72.0% | Mumbai, Maharashtra, India | |||
| Beyontec 2Nable Solutions Private Limited | ₹73.32 Cr (FY 2024) | -23.0% | Kandanchavadi, Tamil Nadu, India | |||
| Intergraph Sg&I India Private Limited | ₹73.29 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Iksula Services Private Limitedthis company | ₹73.22 Cr (FY 2025) | ₹99.23 Lakh | 1.4% | -12.0% | 306 | Mumbai, Maharashtra, India |
| Customer Analytics India Private Limited | ₹72.82 Cr (FY 2024) | -25.0% | Chennai, Tamil Nadu, India | |||
| Firstprinciple Appsforbharat Private Limited | ₹72.63 Cr (FY 2025) | 248.0% | Bangalore, Karnataka, India | |||
| Hexaview Technologies Private Limited | ₹71.71 Cr (FY 2024) | 48.0% | New Delhi, Delhi, India | |||
| Claysys Technologies Private Limited | ₹71.61 Cr (FY 2025) | 4.0% | Kakkanad, Kerala, India | |||
| Cranes Software International Limited | ₹71.35 Cr (FY 2022) | 17.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Iksula Services Private Limited, buy the company report.
Auditor
Iksula Services Private Limited is audited by Mittal Agarwal & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mittal Agarwal & Co | FY 2024 | 131025W |
Shareholding
The shareholding of Iksula Services Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iksula Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2013 | 10403539 | State Bank of India | ₹2 Cr | Open |
To see the full charge records of Iksula Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Iksula Services Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹61.8 Lakh; the latest was in September 2022.
Total deals
4
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹61.8 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Rights issue | ₹7.3 Lakh | Investors: an individual |
| Dec 2017 | Funding round | ₹61.8 Lakh | Investors: 2 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Ekavw Services Private Limited Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iksula Services Private Limited has 12 court cases on record: 3 filed by Iksula Services, 9 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
3
Filed against the company
9
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Execution petition | Filed by the company against Cospaces Optech Private Limited | Pending |
| District court, South, Delhi | Commercial suit | Filed by the company against Cospaces Optech Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Infibeam Incorporation Ltd Owner and Operator of Through Pankil Choksi | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Infibeam Incorporation Ltd Owner and Operator of Through Pankil Choksi | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Infibeam Incorporation Ltd Owner and Operator of Through Pankil Choksi | Disposed |
To see the full case history of Iksula Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Iksula Services Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 48 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Neosoft Private Limited | |||
| an individual supplier | |||
| Nviri Solutions | |||
| an individual supplier |
To see the full MSME payment records of Iksula Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Iksula Services Private Limited has a workforce of 306 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
306
Active EPFO establishments
2
Employee growth
-20.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 306 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Iksula Services Private Limited, buy the company report.
GST
Iksula Services has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI7178P1ZT | Maharashtra | Active | 01 Jul 2017 |
| 23AABCI7178P2Z0 | Madhya Pradesh | Active | 26 Aug 2017 |
| 08AABCI7178P1ZT | Rajasthan | Active | 26 Feb 2019 |
| 07AABCI7178P1ZV | Delhi | Active | 08 Mar 2019 |
To see the full GST registrations and return filing status of Iksula Services Private Limited, buy the company report.
Recent activity
Iksula Services Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Dhruba Jyoti Basumatari was appointed as Director on 01 Oct 2012.
AGM
Iksula Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Iksula Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with State Bank Of India of Rs. 2.00 Cr registered on 28 Jan 2013 with Charge ID 10403539 was modified on 30 Jan 2018.
Charges
A charge with State Bank Of India amounted to Rs. 2.00 Cr with Charge ID 10403539 was registered on 28 Jan 2013.
Appointed
Dhruba Jyoti Basumatari was appointed as Director.
Ceased
Tanzeer Reen ceased to be Director.
Ceased
Sreekanth Sreedharan ceased to be Director.
Appointed
Samarjeet Singh was appointed as Director.
Incorporation
28 Jul 2007
Iksula Services Private Limited was registered on 28 Jul 2007 with Roc Mumbai I & aged 19 years 3 months as per MCA records.
Frequently asked questions
Iksula Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 July 2007 (19+ years old) and is registered under CIN U93000MH2007PTC172659.
Iksula Services has 2 current directors:
- Samarjeet Singh - Director
- Dhruba Jyoti Basumatari - Director
The latest financial statements of Iksula Services 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 Iksula Services is 27AABCI7178P1ZT, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 23AABCI7178P2Z0 (Madhya Pradesh), 08AABCI7178P1ZT (Rajasthan), 07AABCI7178P1ZV (Delhi).
The CIN (Corporate Identification Number) of Iksula Services is U93000MH2007PTC172659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iksula Services has 12 court cases on record: 3 filed by the company and 9 filed against it. 2 are pending. Most are in the district courts.
Iksula Services was incorporated on 28 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Iksula Services has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹61.8 Lakh; the latest was in September 2022.
The peers of Iksula Services by revenue are Avin Systems Private Limited, Microgenesis Techsoft Private Limited, Crayon IT Services Private Limited, Beyontec 2Nable Solutions Private Limited, Intergraph Sg&I India Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Dhruba Jyoti Basumatari was appointed as Director on 01 Oct 2012. Tanzeer Reen ceased to be Director on 01 Oct 2012. Sreekanth Sreedharan ceased to be Director on 21 Jan 2009. Iksula Services has 4 board changes on record in total.
Yes, Iksula Services is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0022170).
Iksula Services has 7 MSME Form 1 returns on record between 2021 and 2024, listing 48 overdue payments to 15 micro and small suppliers. The latest return was filed on 01 May 2024.
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