Iqit Services Private Limited
About Iqit Services Private Limited
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Iqit Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 September 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2022PTC135303. Its GSTIN is 24AAGCI8393H1Z8 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Devendrkumar Chandrakantbhai Solanki and Vallabh Amarshibhai Kasundra.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 405 406 Elite Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.41 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹13.18 Lakh (net margin 5.5%) and EBITDA of ₹23.5 Lakh (EBITDA margin 9.8%).
Company details
Contact details
Iqit Services Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address405 406 Elite Business Park, Opposite Sapath Hexa Sola, Ahmedabad, Gujarat, India – 380060
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Iqit Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Iqit Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Iqit Services Private Limited, buy the company report.
Financials of Iqit Services Private Limited
FY 2025 filings availableIqit Services Private Limited reported revenue of ₹2.41 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA | ₹23.5 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹13.18 Lakh | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 9.8% | ||
| Net Profit Margin | 5.5% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Iqit Services Private Limited, buy the company report.
Board of directors of Iqit Services Private Limited
Iqit Services has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendrkumar Chandrakantbhai Solanki | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
| Vallabh Amarshibhai Kasundra | Director | 07 Sep 2022 | 4 Years 1 Months | Current |
| Bhavin Devendrabhai Solanki | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
| Sagar Chunilal Jagodra | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
| Chandrakantbhai Patel | Additional Director | 13 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Iqit Services Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Concept Strategies Private Limited | ₹2.41 Cr (FY 2025) | -20.0% | Jamshedpur, Jharkhand, India | |||
| Sinhgad Health Club Private Limited | ₹2.41 Cr (FY 2025) | 42.0% | Pune, Maharashtra, India | |||
| Defesa Technologies Private Limited | ₹2.41 Cr (FY 2024) | 67.0% | Chennai, Tamil Nadu, India | |||
| Cirrusrays Private Limited | ₹2.41 Cr (FY 2025) | -59.0% | Bangalore, Karnataka, India | |||
| Concept Quality Assurance Labs Private Limited | ₹2.41 Cr (FY 2025) | -33.0% | Hyderabad, Telangana, India | |||
| Iqit Services Private Limitedthis company | ₹2.41 Cr (FY 2025) | ₹13.18 Lakh | 5.5% | 35.0% | Ahmedabad, Gujarat, India | |
| Sustainable Communities India Private Limited | ₹2.41 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| K G R S Business Consultants Private Limited | ₹2.41 Cr (FY 2025) | 325.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Iqit Services Private Limited, buy the company report.
Auditor
Iqit Services Private Limited is audited by Jigar Patel and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jigar Patel and Associates | FY 2023 | 132848W |
Shareholding
The shareholding of Iqit Services Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Iqit Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Iqit Services 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
No delayed payments to MSME suppliers are on our record for Iqit Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Iqit Services Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Iqit Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCI8393H1Z8 | Gujarat | Active | 21 Nov 2022 |
To see the full GST registrations and return filing status of Iqit Services Private Limited, buy the company report.
Recent activity
Iqit Services Private Limited has 10 board changes on record since 2022: 5 appointments and 5 cessations. The latest: Jignesh Vallabhbhai Kasundra ceased to be Director on 20 Jun 2025.
1 earlier event is in the company report.
Frequently asked questions
Iqit Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 September 2022 (4+ years old) and is registered under CIN U72900GJ2022PTC135303.
Iqit Services has 5 current directors:
- Devendrkumar Chandrakantbhai Solanki - Director
- Vallabh Amarshibhai Kasundra - Director
- Bhavin Devendrabhai Solanki - Director
- Sagar Chunilal Jagodra - Director
- Chandrakantbhai Patel - Additional Director
The latest financial statements of Iqit Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Iqit Services is 24AAGCI8393H1Z8, registered in Gujarat.
The CIN (Corporate Identification Number) of Iqit Services is U72900GJ2022PTC135303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iqit Services was incorporated on 07 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Iqit Services by revenue are Concept Strategies Private Limited, Sinhgad Health Club Private Limited, Defesa Technologies Private Limited, Cirrusrays Private Limited, Concept Quality Assurance Labs Private Limited and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Jignesh Vallabhbhai Kasundra ceased to be Director on 20 Jun 2025. Chandrakantbhai Patel ceased to be Additional Director on 16 Dec 2022. Chunilal Popat Jagodra ceased to be Director on 16 Dec 2022. Iqit Services has 10 board changes on record in total.
The registered office of Iqit Services is at 405 406 Elite Business Park, Opposite Sapath Hexa Sola, Ahmedabad, Gujarat, India – 380060.
Iqit Services operates in the information technology industry, in the application development and software solutions segment.
Iqit Services can be reached at its registered office: 405 406 Elite Business Park, Opposite Sapath Hexa Sola, Ahmedabad, Gujarat, India – 380060.
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