About Index System India Private Limited
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Index System India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 26 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2019PTC323013. Its GSTIN is 27AAFCI2220N1ZK (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.82 Cr. It is led by directors including Zubin Mansukhlal Mody (Managing Director) and Eduard Amigo Correig.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B/605 Western Edge II Behind Metro Super Market Magathane Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹216.32 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹13.44 Cr (net margin 6.2%) and EBITDA of ₹22.73 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 90% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
Court records list 8 cases involving the company, including 8 filed by the company; 6 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹46 Cr; the latest was in March 2024. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Plumage Solutions Private Limited with revenue of ₹229.41 Cr.
For more details, the company can be reached via its website index-system.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB/605 Western Edge II Behind Metro Super Market Magathane Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Index System India Private Limited
The main business activity of Index System India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Index System India Private Limited FY 2025 filings available
Index System India Private Limited reported revenue of ₹216.32 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Index System India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 90% over five years, including 7% growth in the latest year. EBITDA fell 4% 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 Index System India 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 | ₹22.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.44 Cr | •••• | •••• | •••• | •••• |
| 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 Index System India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.2% | •••• | •••• | •••• | •••• |
| 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 Index System India are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Index System India Private Limited
Index System India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eduard Amigo Correig Also directs: Tecno Doors Private Limited, Innovatec India Private Limited | Director | 24 Feb 2020 | 6 Years 7 Months | Current |
| Zubin Mansukhlal Mody Also directs: Index Infrazone Private Limited | Managing Director | 26 Mar 2019 | 7 Years 6 Months | Current |
| Shruti Zubin Mody Also directs: Index Infrazone Private Limited | Director | 26 Mar 2019 | 7 Years 6 Months | Current |
Peer Comparison of Index System India Private Limited
Index System India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plumage Solutions Private Limited | ₹229.41 Cr (FY 2025) | •••• | •••• | 26538.0% | •••• | Gurgaon, Haryana, India |
| Wurth Electronics Services India Private Limited | ₹226.88 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Shri Sharada Iron and Steel Private Limited | ₹221.78 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Posiflex Technology (India) Private Limited | ₹221.07 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Bangalore, Karnataka, India |
| Max Flex & Imaging Systems Limited | ₹220.4 Cr (FY 2009) | •••• | •••• | 114.0% | •••• | Mumbai, Maharashtra, India |
| Index System India Private Limited this company | ₹216.32 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Insemi Technology Services Private Limited | ₹215.59 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Bengaluru, Karnataka, India |
| Sigmaavit Technology Solutions Private Limited | ₹213.98 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Silicon and Beyond Private Limited | ₹213.6 Cr (FY 2018) | •••• | •••• | 805.0% | •••• | Bangalore, Karnataka, India |
| Vananam Rewards Private Limited | ₹206.13 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Bangalore, Karnataka, India |
| Accolade Electronics Private Limited | ₹199.01 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Index System India by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Index System India Private Limited
Index System India Private Limited is audited by B G S S & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B G S S & Co. | 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.
Ownership and Shareholding of Index System India 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 Index System India Private Limited
Index System India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Index System India Private Limited
Index System India Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹46 Cr; the latest was in March 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2024 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Mar 2020 | Funding round | ₹46 Cr | Investors: an individual |
| Nov 2019 | Rights issue | ₹99 Lakh | Investors: 2 individuals |
Full deal history
All 4 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.
Legal Cases of Index System India Private Limited
Index System India Private Limited has 8 court cases on record: 8 filed by Index System India. 6 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 6 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Raybell Elevators Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Gee Elevators Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Trezor Elevators Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Zokwera Wavetech Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Index System India Private Limited
Index System India Private Limited has a workforce of 32 employees as of Mar 31, 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 Index System India Private Limited
Index System India Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Eduard Amigo Correig ceased to be Additional Director on 23 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Index System India 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 Index System India 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 Index System India 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 Index System India Private Limited
Index System India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI2220N1ZK | Maharashtra | Active | 07 May 2019 |
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 Index System India 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 Index System India Private Limited
Index System India is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 26 March 2019 (7+ years old) and is registered under CIN U51909MH2019PTC323013.
Index System India reported revenue of ₹216.32 Cr for FY 2025 (up 7% YoY).
Index System India has 3 current directors:
- Zubin Mansukhlal Mody - Managing Director
- Eduard Amigo Correig - Director
- Shruti Zubin Mody - Director
Index System India reported a net profit of ₹13.44 Cr (net margin 6.2%) and EBITDA of ₹22.73 Cr (EBITDA margin 10.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Index System India is 26% over three years and 90% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Index System India is 27AAFCI2220N1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Index System India is U51909MH2019PTC323013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Index System India has 8 court cases on record: 8 filed by the company. 6 are pending.
Index System India was incorporated on 26 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Index System India has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹46 Cr; the latest was in March 2024.
The peers of Index System India by revenue are Plumage Solutions Private Limited, Wurth Electronics Services India Private Limited, Shri Sharada Iron and Steel Private Limited, Posiflex Technology (India) Private Limited, Max Flex & Imaging Systems Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).