MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0006399
Irclass Systems and Solutions Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹209.19 Cr
▲ 24% YoY
Net profit · FY 2025
₹18.54 Cr
Net margin 8.9%
EBITDA · FY 2025
₹30.13 Cr
EBITDA margin 14.4%
Authorised capital
₹6.1 Cr
Registered with MCA
Paid-up capital
₹6 Cr
Issued & subscribed
Open charges
₹47 Cr
Satisfied ₹14 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
1,198
Provident fund records
About Irclass Systems and Solutions Private Limited
Data last updated:
Irclass Systems and Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 11 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2014PLC254091. Its GSTIN is 27AADCI5198M1ZX (Maharashtra). The company holds 13 GST registrations, all of them active.
The company has an authorised share capital of ₹6.1 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Vinay Sudhakar Kshirsagar (Managing Director) and Arun Ved Prakash Sharma.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 52 A Adi Shankaracharya Marg Opp Powai Lake Powai, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2025, the company reported a revenue of ₹209.19 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹18.54 Cr (net margin 8.9%) and EBITDA of ₹30.13 Cr (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 16% over five years.
The company has about 1,198 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Kajis Bank and IRQS. As per MCA filings, the company has open charges of ₹47 Cr and satisfied charges of ₹14 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Irclass Systems and Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0006399). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website irqs.co.in.
Company details
CIN U74900MH2014PLC254091
Registration Number 254091
Incorporation Date 11 March 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0006399
CIN history
Irclass Systems and Solutions has one previous CIN (Corporate Identification Number): U74120MH2014PTC254091. The current CIN is U74900MH2014PLC254091, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2014PLC254091 | Current |
| U74120MH2014PTC254091 | Previous |
Key People
Vinay Sudhakar Kshirsagar Managing Director Arun Ved Prakash Sharma Director Priya Subramanian Director Recognitions & Rankings of Irclass Systems and Solutions
Contact details
Irclass Systems and Solutions Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address52 A Adi Shankaracharya Marg Opp Powai Lake Powai, Mumbai, Maharashtra, India – 400072
- IndustryTravel and Hospitality, Consumer Professional Services
Comprehensive company report
Irclass Systems and Solutions Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Irclass Systems and Solutions operates two associated brands: KAJIS BANK and IRQS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers loans, deposits, and financial services to individuals in India. | ijsbank.com | |
| ISO certification and training services are provided in various industries across India and globally. | irqs.co.in |
Business activity
The main business activity of Irclass Systems and Solutions 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 Irclass Systems and Solutions Private Limited, buy the company report.
Financials of Irclass Systems and Solutions Private Limited
FY 2025 filings availableIrclass Systems and Solutions Private Limited reported revenue of ₹209.19 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹209.19 Cr ▲ 24%
Net profit · FY 2025
₹18.54 Cr margin 8.9%
EBITDA · FY 2025
₹30.13 Cr margin 14.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 25%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 34%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 24% growth in the latest year. EBITDA rose 60% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹30.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.54 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | 8.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Irclass Systems and Solutions Private Limited, buy the company report.
Board of directors of Irclass Systems and Solutions Private Limited
Irclass Systems and Solutions has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Showing 6 of 7 current directors. View all directors
Peer comparison
Irclass Systems and Solutions Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Reserve Bank Information Technology Private Limited | ₹212.59 Cr (FY 2025) | 38.0% | Navi Mumbai, Maharashtra, India | |||
| Incture Technologies Private Limited | ₹211.16 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| Crif Solutions Private Limited | ₹210.43 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Le Ecosystem Technology India Private Limited | ₹210.3 Cr (FY 2017) | 977.0% | Bangalore, Karnataka, India | |||
| Ikan Uplevel Technologies Private Limited | ₹209.36 Cr (FY 2025) | 58.0% | Mumbai, Maharashtra, India | |||
| Irclass Systems and Solutions Private Limitedthis company | ₹209.19 Cr (FY 2025) | ₹18.54 Cr | 8.9% | 24.0% | Mumbai, Maharashtra, India | |
| Renergy Dynamics Private Limited | ₹208.2 Cr (FY 2025) | 658.0% | Noida, Uttar Pradesh, India | |||
| Fragomen Immigration Services India Private Limited | ₹207.89 Cr (FY 2025) | 23.0% | Bangalore, Karnataka, India | |||
| Leadec India Private Limited | ₹207.59 Cr (FY 2025) | 21.0% | Pune, Maharashtra, India | |||
| Biotechnology Industry Research Assistance Council | ₹205.6 Cr (FY 2025) | -50.0% | New Delhi, Delhi, India | |||
| Promobi Technologies Private Limited | ₹204.89 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India |
To see the full peer comparison of Irclass Systems and Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹47 Cr
Satisfied charges
₹14 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 2025 | 101041911 | Hdfc Bank Limited | ₹2.5 Cr | Open | |
| 21 Sep 2022 | 100628484 | Hdfc Bank Limited | ₹4.5 Cr | Open | |
| 12 Jul 2014 | 10523874 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 14 Jun 2019 | 100274048 | Hdfc Bank Limited | ₹2.5 Cr | Satisfied | |
| 30 Jul 2014 | 10524220 | Hdfc Bank Limited | ₹11.5 Cr | Satisfied |
To see the full charge records of Irclass Systems and Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Irclass Systems and Solutions Private Limited has 1 court case on record: 1 filed by Irclass Systems and Solutions. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against individuals | Disposed |
To see the full case history of Irclass Systems and Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Irclass Systems and Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Irclass Systems and Solutions has 13 GST registrations: 13 active. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI5198M1ZX | Maharashtra | Active | 01 Jul 2017 |
| 07AADCI5198M1ZZ | Delhi | Active | 01 Jul 2017 |
| 19AADCI5198M1ZU | West Bengal | Active | 01 Jul 2017 |
| 23AADCI5198M1Z5 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Irclass Systems and Solutions Private Limited, buy the company report.
Recent activity
Irclass Systems and Solutions Private Limited has 15 board changes on record since 2014: 11 appointments and 4 cessations. The latest: Ashok Kumar Badrinath Srivastava ceased to be Director on 12 Sep 2024.
AGM
Irclass Systems And Solutions Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge registered on 30 Jul 2014 via Charge ID 10524220 with Hdfc Bank Limited was fully satisfied on 11 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 2.50 Cr registered on 14 Jan 2025 with Charge ID 101041911 was modified on 11 Apr 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 40.00 Cr registered on 12 Jul 2014 with Charge ID 10523874 was modified on 11 Apr 2025.
Filing
Irclass Systems And Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 14 Jun 2019 via Charge ID 100274048 with Hdfc Bank Limited was fully satisfied on 28 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.50 Cr with Charge ID 101041911 was registered on 14 Jan 2025.
Ceased
Ashok Kumar Badrinath Srivastava ceased to be Director.
Appointed
Kannan Ramamirtham was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 4.50 Cr registered on 21 Sep 2022 with Charge ID 100628484 was modified on 21 May 2024.
Appointed
Lekha Kumar was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.50 Cr with Charge ID 100628484 was registered on 21 Sep 2022.
16 earlier events are in the company report.
Frequently asked questions
Irclass Systems and Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 11 March 2014 (12+ years old) and is registered under CIN U74900MH2014PLC254091.
Irclass Systems and Solutions has 7 current directors:
- Vinay Sudhakar Kshirsagar - Managing Director
- Arun Ved Prakash Sharma - Director
- Priya Subramanian - Director
- Hrishikesh Mangesh Joshi - Director
- Gautam Chatterjee - Director
- Kannan Ramamirtham - Director
- Lekha Kumar - Director
The latest financial statements of Irclass Systems and Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Irclass Systems and Solutions is 27AADCI5198M1ZX, registered in Maharashtra. The company has 13 GST registrations in all, of which 13 are active. Other active GSTINs include 07AADCI5198M1ZZ (Delhi), 19AADCI5198M1ZU (West Bengal), 23AADCI5198M1Z5 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Irclass Systems and Solutions is U74900MH2014PLC254091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Irclass Systems and Solutions has 1 court case on record: 1 filed by the company.
Irclass Systems and Solutions was incorporated on 11 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Irclass Systems and Solutions by revenue are Reserve Bank Information Technology Private Limited, Incture Technologies Private Limited, Crif Solutions Private Limited, Le Ecosystem Technology India Private Limited, Ikan Uplevel Technologies Private Limited and 5 more, all in the same principal business activity (other professional, scientific and technical activities).
Ashok Kumar Badrinath Srivastava ceased to be Director on 12 Sep 2024. Kannan Ramamirtham was appointed as Director on 01 Aug 2024. Lekha Kumar was appointed as Director on 22 Aug 2023. Irclass Systems and Solutions has 15 board changes on record in total.
Yes, Irclass Systems and Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0006399).
Irclass Systems and Solutions can be reached through the website irqs.co.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages