About Itcube Solutions Private Limited
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Itcube Solutions Private Limited is a private limited company based in Pune City, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2003PTC018713. Its GSTIN is 27AABCI1951J1ZK (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹65,960. It is led by directors including Madhavi Mangesh Gokhale (Whole-Time Director) and Rajiv Bharat Desai.
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 Pune City, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.9 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹7.19 Cr (net margin 13.3%) and EBITDA of ₹11.21 Cr (EBITDA margin 20.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 10% over five years.
The company has about 674 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ITCube. As per MCA filings, the company has satisfied charges of ₹1 Cr on record. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹61.82 Cr; the latest was in March 2024. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is BMG Informatics Private Limited. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 35 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itcube.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressCastlemaine Premises Co – Operative Society. Ltd, 7th Floor Unit No. 703 42 Sasoon Road Near Ruby, Pune City, Maharashtra, India – 411001
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Itcube Solutions Private Limited
The main business activity of Itcube Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Itcube Solutions Private Limited FY 2024 filings available
Itcube Solutions Private Limited reported revenue of ₹53.9 Cr (down 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Itcube Solutions Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 13% 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 Itcube 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 | ₹11.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.19 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 Itcube Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.3% | •••• | •••• | •••• | •••• |
| 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 Itcube Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Itcube Solutions Private Limited
Itcube Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BMG Informatics Private Limited | •••• | •••• | •••• | •••• | 45 | Guwahati, Assam, India |
| PS Intelegencia Analytics Private Limited | •••• | •••• | •••• | •••• | 321 | New Delhi, Delhi, India |
| Dream Weavers Edutrack Limited | •••• | •••• | •••• | •••• | - | Jalandhar City, Punjab, India |
| Techsa Services Private Limited. | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Quadrant 4 Software Solutions Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Telangana, India |
| Itcube Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Imeg Engineering (India) Private Limited | •••• | •••• | •••• | •••• | 130 | Ahmedabad, Gujarat, India |
| Unitus Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Futuresoft (India) Private Limited | •••• | •••• | •••• | •••• | 426 | New Delhi, Delhi, India |
| Caprus IT Private Limited | •••• | •••• | •••• | •••• | 209 | Hyderabad, Telangana, India |
| Brennan IT (India) Private Limited | •••• | •••• | •••• | •••• | 296 | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Itcube Solutions by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Itcube Solutions Private Limited
Itcube Solutions Private Limited is audited by V.A. Dudhedia & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V.A. Dudhedia & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Itcube Solutions Private Limited
Itcube Solutions has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Bharat Desai Also directs: One Point One Technology Labs Private Limited | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Anil Vasant Rajadhyaksha Also directs: Symphony Tech Solutions and Consultancy Private Limited | Director | 30 Dec 2003 | 22 Years 9 Months | Current |
| Madhavi Mangesh Gokhale | Whole-Time Director | 29 Dec 2011 | 14 Years 9 Months | Current |
| Akashanand Arun Karnik Also directs: One Point One Solutions Limited, Silicon Softech India Limited | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Rushabh Hemant Vyas | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Akshay Chhabra Also directs: Assurvest Capital Advisors LLP, One Point One Solutions Limited, One Point One Technology Labs Private Limited and 4 more | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of Itcube Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Itcube Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jun 2014 | Axis Bank Limited | ₹1 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Itcube Solutions Private Limited
Itcube Solutions Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹61.82 Cr; the latest was in March 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: One Point One Solutions Limited , Tech Worldwide Support Private Limited , One Point One Solutions Limited & Akshay Chhabra Seller: 4 individuals |
| Aug 2022 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Green Oak Software Solutions Private Limited & Anil Rajadhyaksha, Green Oak Software Solutions Private Limited Seller: IT Cube Inc & Anil Rajadhyaksha, IT Cube Inc |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Itcube Solutions Private Limited
Itcube Solutions Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 35 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dataneers Private Limited | •••• | •••• | •••• |
| Prismatic Softwares Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| LDS Infotech Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Itcube Solutions Private Limited
Itcube Solutions operates one associated brand: ITCube. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Custom software is developed for desktops and mobile devices. | itcube.net |
Employees and EPFO Compliance at Itcube Solutions Private Limited
Itcube Solutions Private Limited has a workforce of 674 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Itcube Solutions Private Limited
Recent Activity on Itcube Solutions Private Limited
Itcube Solutions Private Limited has 14 board changes on record since 2003: 6 appointments and 8 cessations. The latest: Akashanand Arun Karnik ceased to be Additional Director on 07 May 2024.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Itcube Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Itcube Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Itcube Solutions Private Limited
Itcube Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI1951J1ZK | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Itcube Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Itcube Solutions Private Limited
Itcube Solutions is an active private limited company based in Pune City, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 December 2003 (23+ years old) and is registered under CIN U72200PN2003PTC018713.
Itcube Solutions reported revenue of ₹53.9 Cr for FY 2024 (down 2% YoY).
Itcube Solutions has 6 current directors:
- Madhavi Mangesh Gokhale - Whole-Time Director
- Rajiv Bharat Desai - Director
- Anil Vasant Rajadhyaksha - Director
- Akashanand Arun Karnik - Director
- Rushabh Hemant Vyas - Director
- Akshay Chhabra - Director
Itcube Solutions reported a net profit of ₹7.19 Cr (net margin 13.3%) and EBITDA of ₹11.21 Cr (EBITDA margin 20.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itcube Solutions is 1% over three years and 10% over five years. In the latest year (FY 2024) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itcube Solutions is 27AABCI1951J1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Itcube Solutions is U72200PN2003PTC018713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itcube Solutions was incorporated on 30 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
Itcube Solutions has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹61.82 Cr; the latest was in March 2024.
The peers of Itcube Solutions by revenue are BMG Informatics Private Limited, PS Intelegencia Analytics Private Limited, Dream Weavers Edutrack Limited, Techsa Services Private Limited, Quadrant 4 Software Solutions Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Akashanand Arun Karnik ceased to be Additional Director on 07 May 2024. Akshay Chhabra ceased to be Additional Director on 07 May 2024. Rajiv Bharat Desai ceased to be Additional Director on 07 May 2024. Itcube Solutions has 14 board changes on record in total.
Itcube Solutions has 11 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 35 micro and small suppliers. The latest return was filed on 26 Apr 2024.