Initcron Systems Private Limited
About Initcron Systems Private Limited
Data last updated:
Initcron Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2014PTC151369. Its GSTIN is 29AADCI5642L1Z6 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Khushboo Gourav Shah and Gourav Jawahar Shah.
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 Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹44.04 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹9.6 Lakh (net margin -21.8%) and EBITDA of -₹3.31 Lakh (EBITDA margin -7.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 11% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressS. No. 13/2/1 B – 1/2 2/A Shop – 08, Vyapar Sankul, Pune, Maharashtra, India – 411043
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Initcron Systems Private Limited
The main business activity of Initcron Systems is information and communication. In detail, this covers information service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 63 | Information 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 Initcron Systems Private Limited FY 2025 filings available
Initcron Systems Private Limited reported revenue of ₹44.04 Lakh (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Initcron Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 54% fall in the latest year. EBITDA rose 43% 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 Initcron Systems 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 | -₹3.31 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.6 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 Initcron Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -21.8% | •••• | •••• | •••• | •••• |
| 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 Initcron Systems 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 Initcron Systems Private Limited
Initcron Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Information service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Theum Solutions (OPC) Private Limited | ₹44.22 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Kanchipuram, Tamil Nadu, India |
| HM Digital Ventures Private Limited | ₹44.21 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Vintners E-Services Private Limited | ₹44.1 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | Bilaspur, Haryana, India |
| Primemover Solutions Private Limited | ₹44.06 Lakh (FY 2024) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Fozzy Hosting India Private Limited | ₹44.05 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Mangalagiri, Andhra Pradesh, India |
| Initcron Systems Private Limited this company | ₹44.04 Lakh (FY 2024) | •••• | •••• | -54.0% | •••• | Pune, Maharashtra, India |
| Flask IT Solutions (OPC) Private Limited | ₹43.99 Lakh (FY 2025) | •••• | •••• | 81.0% | •••• | Jaipur, Rajasthan, India |
| Dejuro Edutech Private Limited | ₹43.88 Lakh (FY 2025) | •••• | •••• | 147.0% | •••• | Ernakulam, Kerala, India |
| Karmkandi Private Limited | ₹43.83 Lakh (FY 2024) | •••• | •••• | 76.0% | •••• | Gurugram, Haryana, India |
| Limrafiber MVC Info Private Limited | ₹43.8 Lakh (FY 2024) | •••• | •••• | -2.0% | •••• | Dhanori, Maharashtra, India |
| Infoweavers Rfid International Private Limited | ₹43.78 Lakh (FY 2025) | •••• | •••• | 40.0% | •••• | Kottayam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Initcron Systems by revenue in the same principal business activity (Information service activities), 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 Initcron Systems Private Limited
Initcron Systems Private Limited is audited by GANESHA S & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANESHA S & ASSOCIATES | 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 Initcron Systems Private Limited
Initcron Systems has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khushboo Gourav Shah | Director | 18 Dec 2015 | 10 Years 9 Months | Current |
| Gourav Jawahar Shah | Director | 05 Jun 2014 | 12 Years 4 Months | Current |
| Rajul Jawahar Shah | Director | 18 Dec 2015 | 10 Years 9 Months | Current |
| Jawahar Manikchand Shah | Director | 05 Jun 2014 | 12 Years 4 Months | Current |
Ownership and Shareholding of Initcron Systems 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 Initcron Systems Private Limited
Initcron Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Initcron Systems Private Limited
Employment history and EPFO contributions of people linked to Initcron Systems.
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 Initcron Systems Private Limited
Initcron Systems Private Limited has 4 board changes on record since 2014: 4 appointments. The latest: Khushboo Gourav Shah was appointed as Director on 18 Dec 2015.
Credit Ratings, Litigation & Regulatory Alerts for Initcron Systems 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 Initcron Systems 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 Initcron Systems 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 Initcron Systems Private Limited
Initcron Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI5642L1Z6 | Karnataka | 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 Initcron Systems 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 Initcron Systems Private Limited
Initcron Systems is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 June 2014 (12+ years old) and is registered under CIN U72200PN2014PTC151369.
Initcron Systems reported revenue of ₹44.04 Lakh for FY 2024 (down 54% YoY).
Initcron Systems has 4 current directors:
- Khushboo Gourav Shah - Director
- Gourav Jawahar Shah - Director
- Rajul Jawahar Shah - Director
- Jawahar Manikchand Shah - Director
Initcron Systems reported a net loss of ₹9.6 Lakh (net margin -21.8%) and EBITDA of -₹3.31 Lakh (EBITDA margin -7.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Initcron Systems is -6% over three years and -11% over five years. In the latest year (FY 2024) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Initcron Systems is 29AADCI5642L1Z6, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Initcron Systems is U72200PN2014PTC151369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Initcron Systems was incorporated on 05 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Initcron Systems by revenue are Theum Solutions (OPC) Private Limited, HM Digital Ventures Private Limited, Vintners E-Services Private Limited, Primemover Solutions Private Limited, Fozzy Hosting India Private Limited and 5 more, all in the same principal business activity (Information service activities).
Khushboo Gourav Shah was appointed as Director on 18 Dec 2015. Rajul Jawahar Shah was appointed as Director on 18 Dec 2015. Gourav Jawahar Shah was appointed as Director on 05 Jun 2014. Initcron Systems has 4 board changes on record in total.
The registered office of Initcron Systems is at S. No. 1321 B – 12 2A Shop – 08, Vyapar Sankul, Pune, Maharashtra, India – 411043.