About Indiwork Software Solutions Private Limited
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Indiwork Software Solutions Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72200PB2004PTC027124. Its GSTIN is 03AABCI2486A1Z5 (Punjab).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Simrat Parmar and Vikramjit Singh Jamwal.
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 Scf 44 1st Floor Phase 7 Industrial Area Sas Nagar, Mohali, Punjab, India – 160059.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.09 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹5.06 Lakh (net margin -2.4%) and EBITDA of ₹37.61 Lakh (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 18% over five years.
The company is associated with 1 brand: IndiWork. As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹10 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiwork.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressScf 44 1st Floor Phase 7 Industrial Area Sas Nagar, Mohali, Punjab, India – 160059
- 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
Associated Brands with Indiwork Software Solutions Private Limited
Indiwork Software Solutions operates one associated brand: IndiWork. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Web design, development, and digital marketing services for various industries. | indiwork.com |
Business Activity of Indiwork Software Solutions Private Limited
The main business activity of Indiwork Software Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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 Indiwork Software Solutions Private Limited FY 2025 filings available
Indiwork Software Solutions Private Limited reported revenue of ₹2.09 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Indiwork Software Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 1% growth in the latest year. EBITDA fell 8% 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 Indiwork Software Solutions Private Limited
| 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 | ₹37.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.06 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 Indiwork Software Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Indiwork Software Solutions 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.
Board of Directors of Indiwork Software Solutions Private Limited
Indiwork Software Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Simrat Parmar | Director | 17 May 2004 | 22 Years 5 Months | Current |
| Vikramjit Singh Jamwal | Director | 17 May 2004 | 22 Years 5 Months | Current |
Peer Comparison of Indiwork Software Solutions Private Limited
Indiwork Software Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ven2ray Technologies Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Navi Mumbai, Maharashtra, India |
| Brevity Software Solutions Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Rajkot, Gujarat, India |
| NGPR Business Solutions Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mohali, Punjab, India |
| Wisdomlogix Solutions Private Limited | ₹2.1 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Rajkot, Gujarat, India |
| CDX Labs Private Limited | ₹2.1 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Pune, Maharashtra, India |
| Indiwork Software Solutions Private Limited this company | ₹2.09 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Mohali, Punjab, India |
| Simpro Business Solutions Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Vertex Systems Limited | ₹2.09 Cr (FY 2023) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
| Fuzone E Systems Private Limited | ₹2.09 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Delhi, India |
| Maxxion Systems Private Limited | ₹2.09 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kunnathunad, Kerala, India |
| Flying Usertech India Private Limited | ₹2.08 Cr (FY 2025) | •••• | •••• | 286.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Indiwork Software Solutions by revenue in the Information Technology industry (Application Development), 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 Indiwork Software Solutions Private Limited
Indiwork Software Solutions Private Limited is audited by G S B & COMPANY for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S B & COMPANY | 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 Indiwork Software Solutions 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 Indiwork Software Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jul 2021 | Others | ₹25 Lakh | Open |
| 24 Nov 2021 | Others | ₹10 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Indiwork Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Indiwork Software Solutions.
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 Indiwork Software Solutions Private Limited
Indiwork Software Solutions Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Sabodh Saggi ceased to be Director on 19 Jul 2017.
Credit Ratings, Litigation & Regulatory Alerts for Indiwork Software Solutions 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 Indiwork Software Solutions 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 Indiwork Software Solutions 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 Indiwork Software Solutions Private Limited
Indiwork Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCI2486A1Z5 | Punjab | Active | 11 Oct 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 Indiwork Software Solutions 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 Indiwork Software Solutions Private Limited
Indiwork Software Solutions is an active private limited company based in Mohali, Punjab, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 May 2004 (22+ years old) and is registered under CIN U72200PB2004PTC027124.
Indiwork Software Solutions reported revenue of ₹2.09 Cr for FY 2024 (up 1% YoY).
Indiwork Software Solutions has 2 current directors:
- Simrat Parmar - Director
- Vikramjit Singh Jamwal - Director
Indiwork Software Solutions reported a net loss of ₹5.06 Lakh (net margin -2.4%) and EBITDA of ₹37.61 Lakh (EBITDA margin 18%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indiwork Software Solutions is 8% over three years and 18% over five years. In the latest year (FY 2024) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indiwork Software Solutions is 03AABCI2486A1Z5, registered in Punjab.
The CIN (Corporate Identification Number) of Indiwork Software Solutions is U72200PB2004PTC027124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indiwork Software Solutions was incorporated on 17 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Indiwork Software Solutions by revenue are Ven2ray Technologies Private Limited, Brevity Software Solutions Private Limited, NGPR Business Solutions Private Limited, Wisdomlogix Solutions Private Limited, CDX Labs Private Limited and 5 more, all in the Information Technology industry (Application Development).
Sabodh Saggi ceased to be Director on 19 Jul 2017. Simrat Parmar was appointed as Director on 17 May 2004. Vikramjit Singh Jamwal was appointed as Director on 17 May 2004.
Indiwork Software Solutions can be reached through the website indiwork.com. Its registered office is in Mohali, Punjab, India.