About Indika AI Private Limited
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Indika AI 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 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021PTC361133. Its GSTIN is 27AAGCI1577F1ZI (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹60,000. It is led by directors Anshul Vikram Pandey and Dheerendra Vikram Pandey.
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 B 205 Bldg – 42 B – Wing Azad Nagar Sangam Chs Mhada Layout Azad Nagar Andheri(W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.18 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹70.62 Lakh (net margin -132.8%) and EBITDA of -₹70.39 Lakh (EBITDA margin -132.4%).
The company is associated with 1 brand: Indika AI. The company has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in November 2021. Its 6 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 4 smaller; the largest is Nikola Smart Systems Private Limited with revenue of ₹53.22 Lakh.
For more details, the company can be reached via its website indikaai.com.
Company details
Contact details
Indika AI Private Limited's registered office is in Mumbai, Maharashtra. Its website is indikaai.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB 205 Bldg – 42 B – Wing Azad Nagar Sangam Chs Mhada Layout Azad Nagar Andheri(W), Mumbai, Maharashtra, India – 400053
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Indika AI 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
Indika AI operates one associated brand: Indika AI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI, computer vision, machine learning, and NLP services are provided. | indikaai.com |
Business activity
The main business activity of Indika AI is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Indika AI Private Limited, buy the company report.
Financials of Indika AI Private Limited
FY 2025 filings availableIndika AI Private Limited reported revenue of ₹53.18 Lakh (down 60% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹70.39 Lakh | ||
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| Net Profit (PAT) | -₹70.62 Lakh | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -132.4% | ||
| Net Profit Margin | -132.8% | ||
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To see the full financial statements and ratios of Indika AI Private Limited, buy the company report.
Board of directors of Indika AI Private Limited
Indika AI has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anshul Vikram Pandey Also directs: Panscience Innovations LLP, LMF Venture Partners LLP, Panscience Predictive Technologies Private Limited and 5 more | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Dheerendra Vikram Pandey | Director | 01 Jun 2025 | 1 Years 5 Months | Current |
Peer comparison
Indika AI Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nikola Smart Systems Private Limited | ₹53.22 Lakh (FY 2016) | Hyderabad, Telangana, India | ||||
| Clay Software Labs Private Limited | ₹53.18 Lakh (FY 2025) | -44.0% | Chennai, Tamil Nadu, India | |||
| Indika AI Private Limitedthis company | ₹53.18 Lakh (FY 2024) | -₹70.62 Lakh | -132.8% | -60.0% | Mumbai, Maharashtra, India | |
| Idealogy Private Limited | ₹53.15 Lakh (FY 2025) | -26.0% | Keshav Puram, Delhi, India | |||
| Sahave India Private Limited | ₹53.13 Lakh (FY 2019) | 53.0% | Hyderabad, Telangana, India | |||
| Dynowave Technologies Private Limited | ₹53.11 Lakh (FY 2022) | -32.0% | Dombivali, Maharashtra, India | |||
| Decifer Fintech Solutions Private Limited | ₹53.11 Lakh (FY 2025) | -68.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Indika AI Private Limited, buy the company report.
Auditor
Indika AI Private Limited is audited by J P PARMAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J P PARMAR & CO | FY 2023 | 0152977W |
Shareholding
The shareholding of Indika AI Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indika AI Private Limited, buy the company report.
Deals & funding
Indika AI Private Limited has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in November 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2021 | Rights issue | ₹10 Lakh | Investors: an individual |
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 Indika AI 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 Indika AI Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indika AI Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Indika AI has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCI1577F1ZI | Maharashtra | Active | 15 Jul 2021 |
To see the full GST registrations and return filing status of Indika AI Private Limited, buy the company report.
Recent activity
Indika AI Private Limited has 4 board changes on record since 2023: 2 appointments and 2 cessations. The latest: Dheerendra Vikram Pandey was appointed as Director on 01 Jun 2025.
Frequently asked questions
Indika AI 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 May 2021 (5+ years old) and is registered under CIN U72900MH2021PTC361133.
Indika AI has 2 current directors:
- Anshul Vikram Pandey - Director
- Dheerendra Vikram Pandey - Director
The latest financial statements of Indika AI 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 FY 2022 are in the company report.
The GSTIN of Indika AI is 27AAGCI1577F1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indika AI is U72900MH2021PTC361133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indika AI was incorporated on 28 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Indika AI has 2 deals on record (1 secondary share transfer, 1 rights issue); the latest was in November 2021.
The peers of Indika AI by revenue are Nikola Smart Systems Private Limited, Clay Software Labs Private Limited, Idealogy Private Limited, Sahave India Private Limited, Dynowave Technologies Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Dheerendra Vikram Pandey was appointed as Director on 01 Jun 2025. Hardik Kumar Dave ceased to be Director on 01 Jun 2025. Anshul Vikram Pandey was appointed as Director on 05 Apr 2023. Indika AI has 4 board changes on record in total.
Indika AI can be reached through the website indikaai.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indika AI is at B 205 Bldg – 42 B – Wing Azad Nagar Sangam Chs Mhada Layout Azad Nagar AndheriW, Mumbai, Maharashtra, India – 400053.
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