MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0057348
Itam Advisory Services Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹17.53 Cr
▲ 157% YoY
Net profit · FY 2024
₹76.99 Lakh
Net margin 4.4%
EBITDA · FY 2024
₹1.17 Cr
EBITDA margin 6.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Itam Advisory Services Private Limited
Data last updated:
Itam Advisory Services 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 22 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2015PTC261273. Its GSTIN is 27AADCI7325J1ZE (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mahavirchand Kewalchand Surana and Neeta Hiten Shah.
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 1207 Rna Royal Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.53 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹76.99 Lakh (net margin 4.4%) and EBITDA of ₹1.17 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 17% over five years.
Itam Advisory Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0057348). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itamadvisory.com.
Company Details of Itam Advisory Services Private Limited
CIN U72300MH2015PTC261273
Registration Number 261273
Incorporation Date 22 January 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0057348
Key People
Mahavirchand Kewalchand Surana Director Neeta Hiten Shah Director Devesh Mahaveerchand Surana Director Recognitions & Rankings of Itam Advisory Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No – A/1207 Rna Royal Park Chs Ltd M. G. Road Off Link Road Near Hindustan Naka Kandi, Vali (W), Mumbai, Maharashtra, India – 400067
- IndustryInformation Technology, IT Consulting & Support Services
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Business Activity of Itam Advisory Services Private Limited
The main business activity of Itam Advisory Services 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Itam Advisory Services Private Limited FY 2025 filings available
Itam Advisory Services Private Limited reported revenue of ₹17.53 Cr (up 157% YoY) for FY 2024.
Revenue · FY 2024
₹17.53 Cr ▲ 157%
Net profit · FY 2024
₹76.99 Lakh margin 4.4%
EBITDA · FY 2024
₹1.17 Cr margin 6.7%
Compounded Annual Growth Rate (CAGR) of Itam Advisory Services Private Limited
Revenue CAGR growth
1 year
▲ 157%
3 years · compounded
▲ 22%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 8%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 157% growth in the latest year. EBITDA fell 35% 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 Itam Advisory Services 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 | ₹1.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹76.99 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Itam Advisory Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| 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 Itam Advisory Services are in the company report.
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Financial statements from 2015
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Board of Directors of Itam Advisory Services Private Limited
Itam Advisory Services has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahavirchand Kewalchand Surana Also directs: Techvits Solutions Private Limited | Director | 02 May 2017 | 9 Years 5 Months | Current |
| Neeta Hiten Shah | Director | 22 Jan 2015 | 11 Years 8 Months | Current |
| Devesh Mahaveerchand Surana | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Hiten Pravinbhai Shah | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
Peer Comparison of Itam Advisory Services Private Limited
Itam Advisory Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Founderlink Technologies Private Limited | ₹17.58 Cr (FY 2025) | •••• | •••• | 402.0% | •••• | Gurgaon, Haryana, India |
| Sdet Technologies Private Limited | ₹17.58 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Noida, Uttar Pradesh, India |
| E-Risk Solutions Private Limited | ₹17.55 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Softway Solutions Private Limited | ₹17.55 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Bangalore, Karnataka, India |
| Claimpower India Private Limited | ₹17.53 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Itam Advisory Services Private Limited this company | ₹17.53 Cr (FY 2024) | •••• | •••• | 157.0% | •••• | Mumbai, Maharashtra, India |
| Appxcelerate Solutions Private Limited | ₹17.52 Cr (FY 2025) | •••• | •••• | 185.0% | •••• | Bangalore, Karnataka, India |
| Suffescom Solutions Private Limited | ₹17.51 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Mohali, Punjab, India |
| Inxite-Out Private Limited | ₹17.49 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Kolkata, West Bengal, India |
| Codiant Software Technologies Private Limited | ₹17.49 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Indore, Madhya Pradesh, India |
| Mozilor Technologies Private Limited | ₹17.48 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Kozhikode, Kerala, India |
Peers are the five companies nearest above and the five nearest below Itam Advisory Services by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Itam Advisory Services Private Limited
Itam Advisory Services Private Limited is audited by NAYAK & RANE for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAYAK & RANE | Locked | Locked | Locked |
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Ownership and Shareholding of Itam Advisory Services Private Limited
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Charges & Borrowings of Itam Advisory Services Private Limited
Itam Advisory Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Itam Advisory Services Private Limited
Employment history and EPFO contributions of people linked to Itam Advisory Services.
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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 Itam Advisory Services Private Limited
Itam Advisory Services Private Limited has 8 board changes on record since 2015: 4 appointments and 4 cessations. The latest: Devesh Mahaveerchand Surana ceased to be Additional Director on 30 Nov 2021.
AGM
Itam Advisory Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Itam Advisory Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Devesh Mahaveerchand Surana ceased to be Additional Director.
Ceased
Hiten Pravinbhai Shah ceased to be Additional Director.
Appointed
Devesh Mahaveerchand Surana was appointed as Director.
Appointed
Hiten Pravinbhai Shah was appointed as Director.
Ceased
Ashish Khushal Turkane ceased to be Director.
Ceased
Mahavirchand Kewalchand Surana ceased to be Additional Director.
Appointed
Mahavirchand Kewalchand Surana was appointed as Director.
Appointed
Neeta Hiten Shah was appointed as Director.
Incorporation
22 Jan 2015
Itam Advisory Services Private Limited was registered on 22 Jan 2015 with Roc Mumbai I & aged 11 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Itam Advisory Services Private Limited
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MSME Payment Delays by Itam Advisory Services Private Limited
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Subsidiaries & Group Companies of Itam Advisory Services Private Limited
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GST Compliance of Itam Advisory Services Private Limited
Itam Advisory Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI7325J1ZE | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Itam Advisory Services Private Limited
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Frequently Asked Questions about Itam Advisory Services Private Limited
Itam Advisory Services 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 22 January 2015 (11+ years old) and is registered under CIN U72300MH2015PTC261273.
Itam Advisory Services reported revenue of ₹17.53 Cr for FY 2024 (up 157% YoY).
Itam Advisory Services has 4 current directors:
- Mahavirchand Kewalchand Surana - Director
- Neeta Hiten Shah - Director
- Devesh Mahaveerchand Surana - Director
- Hiten Pravinbhai Shah - Director
Itam Advisory Services reported a net profit of ₹76.99 Lakh (net margin 4.4%) and EBITDA of ₹1.17 Cr (EBITDA margin 6.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itam Advisory Services is 22% over three years and 17% over five years. In the latest year (FY 2024) revenue rose 157%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itam Advisory Services is 27AADCI7325J1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Itam Advisory Services is U72300MH2015PTC261273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itam Advisory Services was incorporated on 22 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Itam Advisory Services by revenue are Founderlink Technologies Private Limited, Sdet Technologies Private Limited, E-Risk Solutions Private Limited, Softway Solutions Private Limited, Claimpower India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Devesh Mahaveerchand Surana ceased to be Additional Director on 30 Nov 2021. Hiten Pravinbhai Shah ceased to be Additional Director on 30 Nov 2021. Devesh Mahaveerchand Surana was appointed as Director on 15 Mar 2021. Itam Advisory Services has 8 board changes on record in total.
Yes, Itam Advisory Services is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0057348).