MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0011986
Indusface Private Limited - information technology in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹66.34 Cr
▲ 10% YoY
Net profit · FY 2025
₹9.73 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹88.18 Lakh
EBITDA margin 1.3%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.23 Cr
Issued & subscribed
Open charges
₹3.02 Cr
Satisfied ₹2.16 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
146
Provident fund records
About Indusface Private Limited
Data last updated:
Indusface Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Indusface Inc; Usa. It operates in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 30 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2004PTC044534. Its GSTIN is 24AABCI2626J1ZS (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.23 Cr. It was formerly known as Indusface Consulting Private Limited. It is led by directors including Nandini Ashish Tandon (Managing Director) and Ashish Rajendrasen Tandon (Managing Director).
Its last annual general meeting (AGM) was held on 14 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A/2 – 3 3rd Floor Status Plaza Opp. Relish Resort Akshar Chowk Old Padra Road, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.34 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹9.73 Lakh (net margin 0.1%) and EBITDA of ₹88.18 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 33% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.02 Cr and satisfied charges of ₹2.16 Cr on record. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.37 Cr; the latest was in August 2021. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 287 overdue payments to 97 micro and small suppliers.
Indusface Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0011986). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indusface.com.
Company details
CIN U72200GJ2004PTC044534
Registration Number 044534
Incorporation Date 30 July 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Indusface Inc; Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0011986
Key People
Nandini Ashish Tandon Managing Director Ashish Rajendrasen Tandon Managing Director Milin Kaimas Mehta Director Recognitions & Rankings of Indusface
Contact details
Indusface Private Limited's registered office is in Vadodara, Gujarat. Its website is indusface.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/2 – 3 3rd Floor Status Plaza Opp. Relish Resort Akshar Chowk Old Padra Road, Vadodara, Gujarat, India – 390020
- IndustryInformation Technology, SaaS (Software as a Service) Providers
To see the full contact details of Indusface Private Limited, buy the company report.
Comprehensive company report
Indusface 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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Business activity
The main business activity of Indusface 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 Indusface Private Limited, buy the company report.
Financials of Indusface Private Limited
FY 2025 filings availableIndusface Private Limited reported revenue of ₹66.34 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹66.34 Cr ▲ 10%
Net profit · FY 2025
₹9.73 Lakh margin 0.1%
EBITDA · FY 2025
₹88.18 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 19%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 36%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 10% growth in the latest year. EBITDA fell 5% 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 |
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹88.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.73 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Indusface Private Limited, buy the company report.
Board of directors of Indusface Private Limited
Indusface has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milin Kaimas Mehta Also directs: K C Mehta & Co LLP, Sudeep Pharma Limited, Styrenix Performance Materials Limited and 5 more | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Nandini Ashish Tandon | Managing Director | 30 Jul 2004 | 22 Years 3 Months | Current |
| Ashish Rajendrasen Tandon Also directs: Indusface Telecom Private Limited | Managing Director | 30 Jul 2004 | 22 Years 3 Months | Current |
| Pramod Manohar Ahuja | Director | 21 Apr 2020 | 6 Years 6 Months | Current |
| Tanuj Gulati | Director | 14 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Indusface Private Limited is audited by BSR & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Associates LLP | FY 2023 | 116231W |
Shareholding
The shareholding of Indusface Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indusface Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.02 Cr
Satisfied charges
₹2.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2024 | 101029183 | Axis Bank Limited | ₹2 Cr | Open | |
| 21 Nov 2024 | 101055889 | Hdfc Bank Limited | ₹1.02 Cr | Open | |
| 12 Apr 2010 | 10220716 | Axis Bank Limited | ₹2 Cr | Satisfied | |
| 23 Jun 2007 | 10061550 | Uti Bank Limited | ₹16 Lakh | Satisfied |
To see the full charge records of Indusface Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Indusface Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.37 Cr; the latest was in August 2021.
Total deals
7
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹35.37 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Apr 2020 | Funding round | ₹35 Cr | Investors: Tata Capital Growth Fund |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Indusface Private Limited, buy the company report.
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 Indusface 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
Indusface Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 287 overdue payments to 97 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 97)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hrmantra Software Private Limited | |||
| Indusind Bank Ltd. | |||
| Virtual Galaxy Infotech Limited | |||
| Redington Limited | |||
| Ministry of Labour and Employment |
To see the full MSME payment records of Indusface Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indusface Private Limited has a workforce of 146 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
146
Active EPFO establishments
1
GST
Indusface has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI2626J1ZS | Gujarat | Active | 01 Jul 2017 |
| 27AABCI2626J1ZM | Maharashtra | Active | 18 Dec 2017 |
| 29AABCI2626J1ZI | Karnataka | Active | 19 Dec 2017 |
To see the full GST registrations and return filing status of Indusface Private Limited, buy the company report.
Recent activity
Indusface Private Limited has 13 board changes on record since 2004: 9 appointments and 4 cessations. The latest: Francis Hancock ceased to be Director on 14 Aug 2025.
AGM
Indusface Private Limited last Annual general meeting of members was held on 14 Aug 2025 as per latest MCA records.
Ceased
Francis Hancock ceased to be Director.
Appointed
Tanuj Gulati was appointed as Director.
Filing
Indusface Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 12 Apr 2010 via Charge ID 10220716 with Axis Bank Limited was fully satisfied on 17 Jan 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.00 Cr with Charge ID 101029183 was registered on 21 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.02 Cr with Charge ID 101055889 was registered on 21 Nov 2024.
Charges
A charge with Axis Bank Limited of Rs. 2.00 Cr registered on 12 Apr 2010 with Charge ID 10220716 was modified on 01 May 2021.
Appointed
Francis Hancock was appointed as Director.
Appointed
Milin Kaimas Mehta was appointed as Director.
Ceased
Vishal Rakesh Agrawal ceased to be Director.
Appointed
Pramod Manohar Ahuja was appointed as Director.
11 earlier events are in the company report.
News
Frequently asked questions
Indusface is an active private limited company based in Vadodara, Gujarat, India. The company works in saas (software as a service) providers, within the information technology industry. It was incorporated on 30 July 2004 (22+ years old) and is registered under CIN U72200GJ2004PTC044534.
Indusface has 5 current directors:
- Nandini Ashish Tandon - Managing Director
- Ashish Rajendrasen Tandon - Managing Director
- Milin Kaimas Mehta - Director
- Pramod Manohar Ahuja - Director
- Tanuj Gulati - Director
The latest financial statements of Indusface on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indusface is 24AABCI2626J1ZS, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCI2626J1ZM (Maharashtra), 29AABCI2626J1ZI (Karnataka).
The CIN (Corporate Identification Number) of Indusface is U72200GJ2004PTC044534. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indusface was incorporated on 30 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indusface has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.37 Cr; the latest was in August 2021.
Francis Hancock ceased to be Director on 14 Aug 2025. Tanuj Gulati was appointed as Director on 14 Aug 2025. Francis Hancock was appointed as Director on 24 Aug 2020. Indusface has 13 board changes on record in total.
Yes, Indusface is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0011986).
Indusface has 4 MSME Form 1 returns on record between 2022 and 2024, listing 287 overdue payments to 97 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Indusface can be reached through the website indusface.com. Its registered office is in Vadodara, Gujarat, India.
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