About Indiefolio Network Private Limited
Data last updated:
Indiefolio Network Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2014PTC259857. Its GSTIN is 27AAGCB1181N1ZG (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.4 Lakh. It was formerly known as Bananabandy Network Private Limited. It is led by directors including Shashank Mukesh Jogani (Whole-Time Director) and Kavan Milindkumar Antani (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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.03 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net loss of ₹20.24 Lakh (net margin -2%) and EBITDA of -₹16.07 Lakh (EBITDA margin -1.6%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 45% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indiefolio. The company has 9 deals on record (3 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹4 Cr; the latest was in July 2020. Its 10 peer companies in the same principal business activity (Data processing, hosting and related activities; web portal) are compared by revenue, 5 larger and 5 smaller; the largest is Invis Private Limited with revenue of ₹10.28 Cr. The company has 3 MSME Form 1 returns on record between 2021 and 2024, listing 6 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiefolio.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2101/02 Floor 21st Padmavati Heights Patthe Bapurao Marg Opp. – Navjeevan Society Gra, Nt Road, Mumbai, Maharashtra, India – 400007
- 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 Indiefolio Network Private Limited
The main business activity of Indiefolio Network is information and communication. In detail, this covers data processing, hosting and related activities; web portal and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
| J | Information and communication | J8 | Other information & communication service activities | 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 Indiefolio Network Private Limited FY 2025 filings available
Indiefolio Network Private Limited reported revenue of ₹10.03 Cr (up 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indiefolio Network Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 39% growth in the latest year. EBITDA rose 83% 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 Indiefolio Network 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 | -₹16.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹20.24 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 Indiefolio Network Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -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 Indiefolio Network 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 Indiefolio Network Private Limited
Indiefolio Network Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Data processing, hosting and related activities; web portal). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Invis Private Limited | ₹10.28 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Thiruvananthapuram, Kerala, India |
| Covan Tech Private Limited | ₹10.25 Cr (FY 2021) | •••• | •••• | 51.0% | •••• | Hyderabad, Telangana, India |
| Incinque Business Solutions Private Limited | ₹10.2 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mohali, Punjab, India |
| Ison Technologies Private Limited | ₹10.2 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Vansun Ventures Private Limited | ₹10.11 Cr (FY 2024) | •••• | •••• | 156.0% | •••• | South Delhi, Delhi, India |
| Indiefolio Network Private Limited this company | ₹10.03 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Mumbai, Maharashtra, India |
| Ntar Private Limited | ₹9.98 Cr (FY 2024) | •••• | •••• | 86.0% | •••• | Hayathnagar, Telangana, India |
| Aissel Technologies Private Limited | ₹9.97 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Hubli, Karnataka, India |
| Aidetic Software Private Limited | ₹9.93 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Bhubaneswar, Orissa, India |
| Aintiram Web Tech Private Limited | ₹9.93 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Coimbatore South, Tamil Nadu, India |
| E - Rad Imaging & Reporting Services (India) Private Limited | ₹9.92 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Indiefolio Network by revenue in the same principal business activity (Data processing, hosting and related activities; web portal), 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 Indiefolio Network Private Limited
Indiefolio Network Private Limited is audited by CGCA & Associates LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CGCA & Associates LLP | 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 Indiefolio Network Private Limited
Indiefolio Network has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Mukesh Jogani | Whole-Time Director | 29 Apr 2015 | 11 Years 5 Months | Current |
| Roma Milind Antani | Director | 01 Dec 2014 | 11 Years 10 Months | Current |
| Kavan Milindkumar Antani | Whole-Time Director | 01 Dec 2014 | 11 Years 10 Months | Current |
Ownership and Shareholding of Indiefolio Network 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 Indiefolio Network Private Limited
Indiefolio Network Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Indiefolio Network Private Limited
Indiefolio Network Private Limited has 9 deals on record (3 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹4 Cr; the latest was in July 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Rights issue | ₹50 Lakh | Investors: Jayesh B Desai, HUF, Adept Engineering Solutions Private Limited |
| Aug 2019 | Funding round | ₹1.5 Cr | Investors: Jayesh B Desai, HUF, Adept Engineering Solutions Private Limited , an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jayesh B Desai, HUF, 3 individuals |
| Jan 2018 | Rights issue | ₹24.3 Lakh | Investors: Jayesh B Desai, HUF, 3 individuals |
| Jun 2016 | Funding round | ₹2 Cr | Investors: Jayesh B Desai, HUF |
Full deal history
All 9 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.
MSME Payment Delays by Indiefolio Network Private Limited
Indiefolio Network Private Limited has 3 MSME Form 1 returns on record between 2021 and 2024, listing 6 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cgca & Associates LLP | •••• | •••• | •••• |
| Copylove Communications LLP | •••• | •••• | •••• |
| Paysquare Consultancy Limited | •••• | •••• | •••• |
| Xpcookie Design LLP | •••• | •••• | •••• |
| Cliffex Software Solutions LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Indiefolio Network Private Limited
Indiefolio Network operates one associated brand: Indiefolio. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designers are connected with freelance jobs via an online marketplace. | indiefolio.com |
Employees and EPFO Compliance at Indiefolio Network Private Limited
Indiefolio Network Private Limited has a workforce of 10 employees as of Jan 14, 2025.
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 Indiefolio Network Private Limited
Indiefolio Network Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Kavan Milindkumar Antani ceased to be Director on 01 Jun 2016.
Credit Ratings, Litigation & Regulatory Alerts for Indiefolio Network 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.
Subsidiaries & Group Companies of Indiefolio Network 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 Indiefolio Network Private Limited
Indiefolio Network has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB1181N1ZG | Maharashtra | Active | 01 Jul 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 Indiefolio Network 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 Indiefolio Network Private Limited
Indiefolio Network 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 01 December 2014 (12+ years old) and is registered under CIN U74120MH2014PTC259857.
Indiefolio Network reported revenue of ₹10.03 Cr for FY 2025 (up 39% YoY).
Indiefolio Network has 3 current directors:
- Shashank Mukesh Jogani - Whole-Time Director
- Kavan Milindkumar Antani - Whole-Time Director
- Roma Milind Antani - Director
Indiefolio Network reported a net loss of ₹20.24 Lakh (net margin -2%) and EBITDA of -₹16.07 Lakh (EBITDA margin -1.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indiefolio Network is 47% over three years and 45% over five years. In the latest year (FY 2025) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indiefolio Network is 27AAGCB1181N1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indiefolio Network is U74120MH2014PTC259857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiefolio Network was incorporated on 01 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Indiefolio Network has 9 deals on record (3 secondary share transfers, 3 rights issues, 3 funding rounds), with disclosed funding of ₹4 Cr; the latest was in July 2020.
The peers of Indiefolio Network by revenue are Invis Private Limited, Covan Tech Private Limited, Incinque Business Solutions Private Limited, Ison Technologies Private Limited, Vansun Ventures Private Limited and 5 more, all in the same principal business activity (Data processing, hosting and related activities; web portal).
Kavan Milindkumar Antani ceased to be Director on 01 Jun 2016. Shashank Mukesh Jogani ceased to be Director on 01 Jun 2016. Shashank Mukesh Jogani was appointed as Whole-Time Director on 29 Apr 2015. Indiefolio Network has 5 board changes on record in total.
Yes, Indiefolio Network is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).