About Ipmovers IT Private Limited
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Ipmovers IT Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 23 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72900PB2017PTC047101. Its GSTIN is 03AAECI6637E1ZT (Punjab). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Swapnil Rawal and Jonas Gustaf Litborn.
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 Sector 75, Mohali, Punjab.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹33.38 Lakh (net margin -27.4%) and EBITDA of -₹29.49 Lakh (EBITDA margin -24.2%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 18% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mavshack LiveShopping and IP Movers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ipmovers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHall No.602 6th Flr Stpi Incubation Centre Plot No C – 184 Sector 75 Industrial Area Phase 8 – A, Sas Nagar, Mohali, Punjab, India – 160071
- IndustryInformation Technology, Web Design & Maintenance 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 Ipmovers IT Private Limited
The main business activity of Ipmovers IT is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Ipmovers IT Private Limited FY 2025 filings available
Ipmovers IT Private Limited reported revenue of ₹1.22 Cr (down 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ipmovers IT Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 30% fall in the latest year. EBITDA rose 36% 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 Ipmovers IT 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 | -₹29.49 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹33.38 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ipmovers IT Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -27.4% | •••• | •••• | •••• | •••• |
| 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 Ipmovers IT are in the company report.
Financial statements from FY 2018
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 Ipmovers IT Private Limited
Ipmovers IT Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Website Design and Maintenance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CRB Innovative Solutions Private Limited | •••• | •••• | •••• | •••• | - | Egmore Nungambakkam, Tamil Nadu, India |
| W3champs Technology Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Raks IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Warangal, Telangana, India |
| Proplus Logics Solutions Private Limited | •••• | •••• | •••• | •••• | 28 | Coimbatore, Tamil Nadu, India |
| Indeses Business Ventures Private Limited | •••• | •••• | •••• | •••• | - | Kalwad, Rajasthan, India |
| Ipmovers IT Private Limited this company | •••• | •••• | •••• | •••• | - | Mohali, Punjab, India |
| Braintech IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Amballur, Kerala, India |
| Ott Solutions Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Statlight Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Itology Inventor Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Aqualeaf IT Solutions Private Limited | •••• | •••• | •••• | •••• | - | Kolata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Ipmovers IT by revenue in the Information Technology industry (Website Design and Maintenance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Ipmovers IT Private Limited
Ipmovers IT has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swapnil Rawal | Director | 18 Oct 2023 | 2 Years 11 Months | Current |
| Jonas Gustaf Litborn Also directs: Mavshack Entertainment India Private Limited | Director | 08 Jun 2018 | 8 Years 3 Months | Current |
| Anand Jhingan Also directs: Mavshack Entertainment India Private Limited, Paz Consulting LLP | Director | 08 Jun 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Ipmovers IT 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 Ipmovers IT Private Limited
Ipmovers IT Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Ipmovers IT Private Limited
Ipmovers IT operates two associated brands: Mavshack LiveShopping and IP Movers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform selling clothing, footwear, and accessories to consumers in India. | mavshacklive.in | |
| E-commerce account management, software development, and digital services in Sweden. | ipmovers.com |
Employees and EPFO Compliance at Ipmovers IT Private Limited
Ipmovers IT Private Limited has a workforce of 5 employees as of Apr 05, 2024.
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 Ipmovers IT Private Limited
Ipmovers IT Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Swapnil Rawal ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Ipmovers IT 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 Ipmovers IT 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 Ipmovers IT 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 Ipmovers IT Private Limited
Ipmovers IT has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECI6637E1ZT | Punjab | Active | 13 Dec 2017 |
| 03AAECI6637E1C4 | Punjab | Active | 19 Apr 2022 |
| 24AAECI6637E1C0 | Gujarat | Active | 29 Jun 2022 |
| 08AAECI6637E1CU | Rajasthan | Active | 04 Jul 2022 |
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 Ipmovers IT 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 Ipmovers IT Private Limited
Ipmovers IT is an active private limited company based in Mohali, Punjab, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 23 October 2017 (9+ years old) and is registered under CIN U72900PB2017PTC047101.
Ipmovers IT reported revenue of ₹1.22 Cr for FY 2024 (down 30% YoY).
Ipmovers IT has 3 current directors:
- Swapnil Rawal - Director
- Jonas Gustaf Litborn - Director
- Anand Jhingan - Director
Ipmovers IT reported a net loss of ₹33.38 Lakh (net margin -27.4%) and EBITDA of -₹29.49 Lakh (EBITDA margin -24.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ipmovers IT is -18% over three years and -18% over five years. In the latest year (FY 2024) revenue fell 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ipmovers IT is 03AAECI6637E1ZT, registered in Punjab. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 03AAECI6637E1C4 (Punjab), 24AAECI6637E1C0 (Gujarat), 08AAECI6637E1CU (Rajasthan).
The CIN (Corporate Identification Number) of Ipmovers IT is U72900PB2017PTC047101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ipmovers IT was incorporated on 23 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ipmovers IT by revenue are CRB Innovative Solutions Private Limited, W3champs Technology Private Limited, Raks IT Solutions Private Limited, Proplus Logics Solutions Private Limited, Indeses Business Ventures Private Limited and 5 more, all in the Information Technology industry (Website Design and Maintenance).
Swapnil Rawal ceased to be Additional Director on 29 Sep 2024. Swapnil Rawal was appointed as Director on 18 Oct 2023. Anand Jhingan ceased to be Additional Director on 31 Dec 2018. Ipmovers IT has 8 board changes on record in total.
Ipmovers IT can be reached through the website ipmovers.com. Its registered office is in Mohali, Punjab, India.