About Ismart Business Solutions Private Limited
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Ismart Business Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2004PTC146578. Its GSTIN is 32AABCI2425B2ZE (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.29 Cr. It is led by directors Farida Shaikh and Satyendra Singh.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.27 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹77.47 Lakh (net margin -23.7%) and EBITDA of ₹19.19 Lakh (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iSmart. As per MCA filings, the company has open charges of ₹4 Cr on record. Court records list 14 cases involving the company, including 8 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ibspl.com.
Company details
Contact details
Ismart Business Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is ibspl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 To 306 Neelkant Commercial Center, Navpada Sahar Road Parshiwada Vile Parle, Mumbai, Maharashtra, India – 400099
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ismart Business Solutions 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 Ismart Business Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Ismart Business Solutions Private Limited, buy the company report.
Financials of Ismart Business Solutions Private Limited
FY 2025 filings availableIsmart Business Solutions Private Limited reported revenue of ₹3.27 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 6% fall in the latest year. EBITDA fell 56% 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 |
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| EBITDA | ₹19.19 Lakh | ||||
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| Net Profit (PAT) | -₹77.47 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | -23.7% | ||||
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To see the full financial statements and ratios of Ismart Business Solutions Private Limited, buy the company report.
Board of directors of Ismart Business Solutions Private Limited
Ismart Business Solutions has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Farida Shaikh Also directs: Zoom Softech Private Limited, Zoom Realty Projects Private Limited, Hindustan Peter Oates Private Limited and 5 more | Director | 04 Feb 2015 | 11 Years 9 Months | Current |
| Satyendra Singh Also directs: Zoom Realty Projects Private Limited, Hindustan Peter Oates Private Limited, Zio Technologies Private Limited and 5 more | Director | 10 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
Ismart Business Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alpesa Technologies Private Limited | ₹3.28 Cr (FY 2024) | 135.0% | Ambala Cantt, Haryana, India | |||
| Astra Systems Private Limited | ₹3.27 Cr (FY 2024) | 33.0% | Chennai, Tamil Nadu, India | |||
| Ismart Business Solutions Private Limitedthis company | ₹3.27 Cr (FY 2025) | -₹77.47 Lakh | -23.7% | -6.0% | 39 | Mumbai, Maharashtra, India |
| Akots India Private Limited | ₹3.26 Cr (FY 2024) | -48.0% | Salem, Tamil Nadu, India | |||
| Inntot Technologies Private Limited | ₹3.26 Cr (FY 2025) | -47.0% | Kochi, Kerala, India |
To see the full peer comparison of Ismart Business Solutions Private Limited, buy the company report.
Auditor
Ismart Business Solutions Private Limited is audited by K.D Vyas & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.D Vyas & Co | FY 2023 | 111653W |
Shareholding
The shareholding of Ismart Business Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ismart Business Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2005 | 90354205 | Technology Deveopment Board | ₹4 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Ismart Business Solutions Private Limited has 14 court cases on record: 8 filed by Ismart Business Solutions, 6 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 6 | 1 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Ismart Business 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 Ismart Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ismart Business Solutions Private Limited has a workforce of 39 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Ismart Business Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCI2425B2ZE | Kerala | Active | 29 Jul 2017 |
To see the full GST registrations and return filing status of Ismart Business Solutions Private Limited, buy the company report.
Recent activity
Ismart Business Solutions Private Limited has 15 board changes on record since 2008: 2 appointments and 13 cessations. The latest: Satyendra Singh ceased to be Additional Director on 29 Sep 2023.
7 earlier events are in the company report.
Frequently asked questions
Ismart Business Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 May 2004 (22+ years old) and is registered under CIN U72900MH2004PTC146578.
Ismart Business Solutions has 2 current directors:
- Farida Shaikh - Director
- Satyendra Singh - Director
The latest financial statements of Ismart Business Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ismart Business Solutions is 32AABCI2425B2ZE, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ismart Business Solutions is U72900MH2004PTC146578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ismart Business Solutions has 14 court cases on record: 8 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Ismart Business Solutions was incorporated on 27 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ismart Business Solutions by revenue are Alpesa Technologies Private Limited, Astra Systems Private Limited, Akots India Private Limited, Inntot Technologies Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Satyendra Singh ceased to be Additional Director on 29 Sep 2023. Satyendra Singh was appointed as Director on 10 Aug 2016. Pravat Kumar Jagaty ceased to be Additional Director on 02 Aug 2016. Ismart Business Solutions has 15 board changes on record in total.
Ismart Business Solutions can be reached through the website ibspl.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ismart Business Solutions is at 301 To 306 Neelkant Commercial Center, Navpada Sahar Road Parshiwada Vile Parle, Mumbai, Maharashtra, India – 400099.
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