MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-JK-21-0001184
Iquasar Software Solutions Private Limited - information technology in Budgam, Jammu And Kashmir, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.75 Cr
▲ 41% YoY
Net profit · FY 2024
₹1.94 Cr
Net margin 5.9%
EBITDA · FY 2024
₹2.32 Cr
EBITDA margin 7.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹99 Lakh
Secured borrowings
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Iquasar Software Solutions Private Limited
Data last updated:
Iquasar Software Solutions Private Limited is a private limited company based in Budgam, Jammu And Kashmir, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U72200JK2004PTC002486. Its GSTIN is 01AAECM2317H1Z2 (Jammu and Kashmir).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Musky Software Solutions Private Limited. It is led by directors Manzoor Ahmad Bhat and Fayaz Ahmad Bhat.
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 Old Air Field Road Rangreth J&K SIDCO Electronics Complex, Budgam, Jammu and Kashmir, India – 190007.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.75 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 5.9%) and EBITDA of ₹2.32 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 69% over five years.
The company is associated with 1 brand: IQuasar Software Solutions. As per MCA filings, the company has open charges of ₹99 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Iquasar Software Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-JK-21-0001184). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iquasarsolutions.com.
Company Details of Iquasar Software Solutions Private Limited
CIN U72200JK2004PTC002486
Registration Number 002486
Incorporation Date 28 December 2004
ROC Jammu
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-JK-21-0001184
Recognitions & Rankings of Iquasar Software Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOld Air Field Road Rangreth J&K SIDCO Electronics Complex, Budgam, Jammu and Kashmir, India – 190007
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Iquasar Software Solutions Private Limited
Iquasar Software Solutions operates one associated brand: IQuasar Software Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers business process outsourcing, custom software development, and managed IT services to businesses. | iquasarsolutions.com |
Business Activity of Iquasar Software Solutions Private Limited
The main business activity of Iquasar Software Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Iquasar Software Solutions Private Limited FY 2024 filings available
Iquasar Software Solutions Private Limited reported revenue of ₹32.75 Cr (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹32.75 Cr ▲ 41%
Net profit · FY 2024
₹1.94 Cr margin 5.9%
EBITDA · FY 2024
₹2.32 Cr margin 7.1%
Compounded Annual Growth Rate (CAGR) of Iquasar Software Solutions Private Limited
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 62%
5 years · compounded
▲ 69%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 92%
5 years · compounded
▲ 106%
Revenue has grown at a compounded annual rate (CAGR) of 69% over five years, including 41% growth in the latest year. EBITDA rose 84% 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 Iquasar Software Solutions 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 | ₹2.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.94 Cr | •••• | •••• | •••• | •••• |
| 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 Iquasar Software Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| 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 Iquasar Software Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Iquasar Software Solutions Private Limited
Iquasar Software Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manzoor Ahmad Bhat | Director | 29 Aug 2015 | 11 Years 1 Months | Current |
| Fayaz Ahmad Bhat | Director | 28 Dec 2004 | 21 Years 9 Months | Current |
Peer Comparison of Iquasar Software Solutions Private Limited
Iquasar Software Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Data processing, hosting and related activities; web portal). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Transunion India Data Analytics Solutions Private Limited | ₹33.61 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| TRPC Service Team Private Limited | ₹33.55 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Chennai, Tamil Nadu, India |
| Business Broadcast News Private Limited | ₹33.1 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Smartstream Rdu India Private Limited | ₹33.03 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Industrial Info Research India Private Limited | ₹33.02 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Gurgaon, Haryana, India |
| Iquasar Software Solutions Private Limited this company | ₹32.75 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Budgam, Jammu And Kashmir, India |
| Mobile Media Private Limited | ₹32.58 Cr (FY 2025) | •••• | •••• | 1123.0% | •••• | Mumbai, Maharashtra, India |
| Glencore Information Services Private Limited | ₹32.33 Cr (FY 2025) | •••• | •••• | 107.0% | •••• | Chennai, Tamil Nadu, India |
| Winner Software Private Limited | ₹32.23 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
| Yourstory Media Private Limited | ₹32.08 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Bangalore, Karnataka, India |
| Classic Informatics Private Limited | ₹32.06 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Iquasar Software Solutions by revenue in the same principal business activity (Data processing, hosting and related activities; web portal), 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 Iquasar Software Solutions Private Limited
Iquasar Software Solutions Private Limited is audited by BASHIR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BASHIR & ASSOCIATES | Locked | Locked | Locked |
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Ownership and Shareholding of Iquasar Software Solutions Private Limited
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Charges & Borrowings of Iquasar Software Solutions Private Limited
Open charges
₹99 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2025 | Hdfc Bank Limited | ₹99 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Iquasar Software Solutions Private Limited
Iquasar Software Solutions Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Budgam, Jammu and Kashmir | Court case (POLICE CHALLAN) | Filed against the company by an individual | Disposed |
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All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Iquasar Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Iquasar Software Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Iquasar Software Solutions Private Limited
Iquasar Software Solutions Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Manzoor Ahmad Bhat was appointed as Director on 29 Aug 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 99.00 Lakh with Charge ID 101172802 was registered on 10 Sep 2025.
AGM
Iquasar Software Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Iquasar Software Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jammu.
Appointed
Manzoor Ahmad Bhat was appointed as Director.
Ceased
Mohammad Amin Bhat ceased to be Director.
Ceased
Tahir Hussain Qazi ceased to be Director.
Ceased
Shameem Ahmad Shameem ceased to be Director.
Ceased
Mohd Afzal Bhat ceased to be Director.
Ceased
Rehana Akbar ceased to be Director.
Appointed
Fayaz Ahmad Bhat was appointed as Director.
Incorporation
28 Dec 2004
Iquasar Software Solutions Private Limited was registered on 28 Dec 2004 with Roc Jammu & aged 21 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Iquasar Software Solutions Private Limited
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MSME Payment Delays by Iquasar Software Solutions Private Limited
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Subsidiaries & Group Companies of Iquasar Software Solutions Private Limited
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GST Compliance of Iquasar Software Solutions Private Limited
Iquasar Software Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 01AAECM2317H1Z2 | Jammu and Kashmir | Active | 09 Nov 2017 |
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MCA Filings & Documents of Iquasar Software Solutions Private Limited
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Frequently Asked Questions about Iquasar Software Solutions Private Limited
Iquasar Software Solutions is an active private limited company based in Budgam, Jammu And Kashmir, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 December 2004 (22+ years old) and is registered under CIN U72200JK2004PTC002486.
Iquasar Software Solutions reported revenue of ₹32.75 Cr for FY 2024 (up 41% YoY).
Iquasar Software Solutions has 2 current directors:
- Manzoor Ahmad Bhat - Director
- Fayaz Ahmad Bhat - Director
Iquasar Software Solutions reported a net profit of ₹1.94 Cr (net margin 5.9%) and EBITDA of ₹2.32 Cr (EBITDA margin 7.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iquasar Software Solutions is 62% over three years and 69% over five years. In the latest year (FY 2024) revenue rose 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iquasar Software Solutions is 01AAECM2317H1Z2, registered in Jammu and Kashmir.
The CIN (Corporate Identification Number) of Iquasar Software Solutions is U72200JK2004PTC002486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iquasar Software Solutions has 1 court case on record: 1 filed against it.
Iquasar Software Solutions was incorporated on 28 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Jammu.
The peers of Iquasar Software Solutions by revenue are Transunion India Data Analytics Solutions Private Limited, TRPC Service Team Private Limited, Business Broadcast News Private Limited, Smartstream Rdu India Private Limited, Industrial Info Research India Private Limited and 5 more, all in the same principal business activity (Data processing, hosting and related activities; web portal).
Manzoor Ahmad Bhat was appointed as Director on 29 Aug 2015. Mohammad Amin Bhat ceased to be Director on 29 Aug 2015. Tahir Hussain Qazi ceased to be Director on 29 Aug 2015. Iquasar Software Solutions has 7 board changes on record in total.