MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-24-0003189
Itcg Solutions Private Limited - information technology in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹89.21 Cr
▲ 5% YoY
Net profit · FY 2024
₹17.11 Lakh
Net margin 0.2%
EBITDA · FY 2024
₹82.21 Lakh
EBITDA margin 0.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹35 Lakh
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
69
Provident fund records
About Itcg Solutions Private Limited
Data last updated:
Itcg Solutions Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2010PTC059927. Its GSTIN is 24AACCI2679G1ZL (Gujarat). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mehulkumar Shah and Kavita Nilesh Kuvadia.
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 Vadodara, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹89.21 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹17.11 Lakh (net margin 0.2%) and EBITDA of ₹82.21 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 14% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Lakh on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
Itcg Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0003189). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itcgindia.com.
Company details
CIN U72900GJ2010PTC059927
Registration Number 059927
Incorporation Date 18 March 2010
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-24-0003189
Recognitions & Rankings of Itcg Solutions
Contact details
Itcg Solutions Private Limited's registered office is in Vadodara, Gujarat. Its website is itcgindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 Earth The Land Mark Opp. Satsang Party Plot Sun Pharma Roa, D, Vadodara, Gujarat, India – 390012
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Itcg Solutions Private Limited, buy the company report.
Comprehensive company report
Itcg 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
Business activity
The main business activity of Itcg 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 Itcg Solutions Private Limited, buy the company report.
Financials of Itcg Solutions Private Limited
FY 2025 filings availableItcg Solutions Private Limited reported revenue of ₹89.21 Cr (up 5% YoY) for FY 2024.
Revenue · FY 2024
₹89.21 Cr ▲ 5%
Net profit · FY 2024
₹17.11 Lakh margin 0.2%
EBITDA · FY 2024
₹82.21 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 27%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 20%
5 years · compounded
▲ 54%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 5% growth in the latest year. EBITDA fell 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹82.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.11 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Itcg Solutions Private Limited, buy the company report.
Board of directors of Itcg Solutions Private Limited
Itcg Solutions has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehulkumar Shah Also directs: Itcg Technologies LLP | Director | 09 Nov 2020 | 5 Years 11 Months | Current |
| Kavita Nilesh Kuvadia | Director | 18 Mar 2010 | 16 Years 7 Months | Current |
| Pinky Manish Shah | Director | 08 Jun 2010 | 16 Years 4 Months | Current |
| Manish Vinod Shah | Director | 08 Jun 2010 | 16 Years 4 Months | Current |
| Nilesh Mahendra Kuvadia Also directs: Itcg Technologies LLP, Gesia IT Association | Director | 18 Mar 2010 | 16 Years 7 Months | Current |
Peer comparison
Itcg Solutions 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 |
|---|---|---|---|---|---|---|
| Paisabox Ecommerce Private Limited | ₹90.83 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| Blujay Solutions (India) Private Limited | ₹90.54 Cr (FY 2025) | 5.0% | Telangana, India | |||
| Punjab Renewable Energy Systems Private Limited | ₹90.51 Cr (FY 2025) | 20.0% | Thane, Maharashtra, India | |||
| Itcg Solutions Private Limitedthis company | ₹89.21 Cr (FY 2024) | ₹17.11 Lakh | 0.2% | 5.0% | 69 | Vadodara, Gujarat, India |
| Refyne Tech Private Limited | ₹88.94 Cr (FY 2025) | 49.0% | Chennai, Tamil Nadu, India | |||
| Aerostructures Assemblies India Private Limited | ₹88.66 Cr (FY 2025) | -16.0% | Belgaum, Karnataka, India | |||
| Saankhya Labs Private Limited | ₹87.94 Cr (FY 2023) | -2.0% | Bengaluru, Karnataka, India | |||
| Esskay Compuservices Private Limited | ₹87.7 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Itcg Solutions Private Limited, buy the company report.
Auditor
Itcg Solutions Private Limited is audited by Shah & Bhandari for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah & Bhandari | FY 2023 | 118852W |
Shareholding
The shareholding of Itcg 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 Itcg Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2021 | 100458153 | Axis Bank Limited | ₹35 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Itcg Solutions Private Limited has 3 court cases on record: 3 filed by Itcg Solutions. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Vertex Technologis Pvt.Ltd | Disposed |
To see the full case history of Itcg 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 Itcg Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itcg Solutions Private Limited has a workforce of 69 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
69
Active EPFO establishments
1
Employee growth
23.21%
GST
Itcg Solutions has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI2679G1ZL | Gujarat | Active | 01 Jul 2017 |
| 27AACCI2679G1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Itcg Solutions Private Limited, buy the company report.
Recent activity
Itcg Solutions Private Limited has 6 board changes on record since 2010: 5 appointments and 1 cessation. The latest: Mehulkumar Shah ceased to be Additional Director on 31 Dec 2020.
AGM
Itcg Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Itcg Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Axis Bank Limited amounted to Rs. 35.00 Lakh with Charge ID 100458153 was registered on 28 Jun 2021.
Ceased
Mehulkumar Shah ceased to be Additional Director.
Appointed
Mehulkumar Shah was appointed as Director.
Appointed
Manish Vinod Shah was appointed as Director.
Appointed
Pinky Manish Shah was appointed as Director.
Appointed
Kavita Nilesh Kuvadia was appointed as Director.
Appointed
Nilesh Mahendra Kuvadia was appointed as Director.
Incorporation
18 Mar 2010
Itcg Solutions Private Limited was registered on 18 Mar 2010 with Roc Ahmedabad & aged 16 years 7 months as per MCA records.
Frequently asked questions
Itcg Solutions is an active private limited company based in Vadodara, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 March 2010 (16+ years old) and is registered under CIN U72900GJ2010PTC059927.
Itcg Solutions has 5 current directors:
- Mehulkumar Shah - Director
- Kavita Nilesh Kuvadia - Director
- Pinky Manish Shah - Director
- Manish Vinod Shah - Director
- Nilesh Mahendra Kuvadia - Director
The latest financial statements of Itcg 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 Itcg Solutions is 24AACCI2679G1ZL, registered in Gujarat. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AACCI2679G1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Itcg Solutions is U72900GJ2010PTC059927. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itcg Solutions has 3 court cases on record: 3 filed by the company. 1 is pending.
Itcg Solutions was incorporated on 18 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Itcg Solutions by revenue are Paisabox Ecommerce Private Limited, Blujay Solutions (India) Private Limited, Punjab Renewable Energy Systems Private Limited, Refyne Tech Private Limited, Aerostructures Assemblies India Private Limited and 2 more, all in the same principal business activity (other professional, scientific and technical activities).
Mehulkumar Shah ceased to be Additional Director on 31 Dec 2020. Mehulkumar Shah was appointed as Director on 09 Nov 2020. Manish Vinod Shah was appointed as Director on 08 Jun 2010. Itcg Solutions has 6 board changes on record in total.
Yes, Itcg Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-24-0003189).
Itcg Solutions can be reached through the website itcgindia.com. Its registered office is in Vadodara, Gujarat, India.