About Io Factory Private Limited
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Io Factory Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2018PTC123748. Its GSTIN is 33AAECI9389K1ZY (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Muthappan Narayanan and Ramanathan Muthappan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.20 Nehru Nagar 1st Street Tvs Nagar, Madurai, Tamil Nadu, India – 625003.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹3.3 Lakh (net margin 2.1%) and EBITDA of ₹12.19 Lakh (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 38% over five years.
For more details, the company can be reached via its website iofactory.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.20 Nehru Nagar 1st Street Tvs Nagar, Madurai, Tamil Nadu, India – 625003
- 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 Io Factory Private Limited
The main business activity of Io Factory is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Io Factory Private Limited FY 2024 filings available
Io Factory Private Limited reported revenue of ₹1.54 Cr (up 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Io Factory Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 35% growth in the latest year. EBITDA fell 32% 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 Io Factory 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 | ₹12.19 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.3 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 Io Factory Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Io Factory are in the company report.
Financial statements from FY 2019
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 Io Factory Private Limited
Io Factory Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical 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 |
|---|---|---|---|---|---|---|
| Havoc Consultants Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Essel Synerg Tech Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Bangalore North, Karnataka, India |
| SB Tankserve Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Pune City, Maharashtra, India |
| Cybermarrow Infosec Private Limited | ₹1.54 Cr (FY 2025) | •••• | •••• | 198.0% | •••• | Delhi, India |
| Eutech Cybernetics (India) Private Limited | ₹1.54 Cr (FY 2021) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Io Factory Private Limited this company | ₹1.54 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Madurai, Tamil Nadu, India |
| Areneva Technologies (OPC) Private Limited | ₹1.54 Cr (FY 2023) | •••• | •••• | 58.0% | •••• | Katra, Jammu & Kashmir, India |
| Aadyanta B2b Solutions Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 222.0% | •••• | Pune, Maharashtra, India |
| Tuvis Techsystems Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Bhubaneswar, Orissa, India |
| Rombo India Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Delhi, India |
| Indus Knowledgeware Private Limited | ₹1.54 Cr (FY 2024) | •••• | •••• | 142.0% | •••• | Palam Vihar, Haryana, India |
Peers are the five companies nearest above and the five nearest below Io Factory by revenue in the same principal business activity (Other professional, scientific and technical 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 Io Factory Private Limited
Io Factory Private Limited is audited by VELAYUTHAM CHINNAIAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VELAYUTHAM CHINNAIAH & 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 Io Factory Private Limited
Io Factory has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthappan Narayanan | Director | 17 Jul 2018 | 8 Years 2 Months | Current |
| Ramanathan Muthappan Also directs: Ever Quint Technologies Private Limited | Director | 17 Jul 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Io Factory 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 Io Factory Private Limited
Io Factory Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Io Factory Private Limited
Employment history and EPFO contributions of people linked to Io Factory.
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 Io Factory Private Limited
Io Factory Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Muthappan Narayanan was appointed as Director on 17 Jul 2018.
Credit Ratings, Litigation & Regulatory Alerts for Io Factory 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 Io Factory 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 Io Factory 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 Io Factory Private Limited
Io Factory has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECI9389K1ZY | Tamil Nadu | Active | 28 Nov 2018 |
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 Io Factory 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 Io Factory Private Limited
Io Factory is an active private limited company based in Madurai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 17 July 2018 (8+ years old) and is registered under CIN U72900TN2018PTC123748.
Io Factory reported revenue of ₹1.54 Cr for FY 2024 (up 35% YoY).
Io Factory has 2 current directors:
- Muthappan Narayanan - Director
- Ramanathan Muthappan - Director
Io Factory reported a net profit of ₹3.3 Lakh (net margin 2.1%) and EBITDA of ₹12.19 Lakh (EBITDA margin 7.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Io Factory is 13% over three years and 38% over five years. In the latest year (FY 2024) revenue rose 35%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Io Factory is 33AAECI9389K1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Io Factory is U72900TN2018PTC123748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Io Factory was incorporated on 17 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Io Factory by revenue are Havoc Consultants Private Limited, Essel Synerg Tech Private Limited, SB Tankserve Private Limited, Cybermarrow Infosec Private Limited, Eutech Cybernetics (India) Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Muthappan Narayanan was appointed as Director on 17 Jul 2018. Ramanathan Muthappan was appointed as Director on 17 Jul 2018.
Io Factory can be reached through the website iofactory.in. Its registered office is in Madurai, Tamil Nadu, India.