About Iworx Systems India Private Limited
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Iworx Systems India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Iworx Systems Inc. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 27 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33111MH2012PTC228761. Its GSTIN is 27AACCI8887N1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashish Tukaram More and Gautam Rajan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 29 Ujagar Industrial Estate Wtp Marg Deonar, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.17 Lakh, a growth of 115% compared to the previous year. For the same year it recorded a net profit of ₹2.88 Lakh (net margin 7%) and EBITDA of ₹3.91 Lakh (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 46% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iworx.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address29 Ujagar Industrial Estate Wtp Marg Deonar, Mumbai, Maharashtra, India – 400088
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
- 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 Iworx Systems India Private Limited
The main business activity of Iworx Systems India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Iworx Systems India Private Limited FY 2025 filings available
Iworx Systems India Private Limited reported revenue of ₹41.17 Lakh (up 115% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Iworx Systems India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 115% growth in the latest year. EBITDA rose 131% 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 Iworx Systems India 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 | ₹3.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.88 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 Iworx Systems India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 Iworx Systems India 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 Iworx Systems India Private Limited
Iworx Systems India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mayur Tie-Up Private Limited | ₹42.13 Lakh (FY 2022) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
| Sni Global Private Limited | ₹41.99 Lakh (FY 2024) | •••• | •••• | •••• | Gurugram, Haryana, India | |
| Sei Powerstream Private Limited | ₹41.96 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Pranali Industrial Services Private Limited | ₹41.71 Lakh (FY 2023) | •••• | •••• | 85.0% | •••• | Ahmedabad, Gujarat, India |
| Mucon Engineers Private Limited | ₹41.66 Lakh (FY 2025) | •••• | •••• | -31.0% | •••• | Thane, Maharashtra, India |
| Iworx Systems India Private Limited this company | ₹41.17 Lakh (FY 2024) | •••• | •••• | 115.0% | •••• | Mumbai, Maharashtra, India |
| Fourstor Solutions Private Limited | ₹40.92 Lakh (FY 2025) | •••• | •••• | 107.0% | •••• | Bengaluru, Karnataka, India |
| Airegard (India) Private Limited | ₹40.88 Lakh (FY 2023) | •••• | •••• | 28.0% | •••• | Amritsar, Punjab, India |
| Shri Ganpati Machinery Private Limited | ₹40.59 Lakh (FY 2022) | •••• | •••• | -15.0% | •••• | Delhi, India |
| Marketit Private Limited | ₹40.43 Lakh (FY 2025) | •••• | •••• | 560.0% | •••• | Hyderabad, Telangana, India |
| Vaspan Texturisers Private Limited | ₹40.22 Lakh (FY 2025) | •••• | •••• | 225.0% | •••• | Daman, Daman and Diu, India |
Peers are the five companies nearest above and the five nearest below Iworx Systems India by revenue in the Machinery and Equipment industry (Industrial Products Retail and Distribution), 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 Iworx Systems India Private Limited
Iworx Systems India Private Limited is audited by JAIN SALIA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN SALIA & ASSOCIATES | 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 Iworx Systems India Private Limited
Iworx Systems India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Tukaram More | Director | 27 Mar 2012 | 14 Years 6 Months | Current |
| Gautam Rajan Also directs: Polylavis Private Limited, Anamed Instruments Pvt Ltd, Marsap Services Private Limited and 2 more | Director | 27 Mar 2012 | 14 Years 6 Months | Current |
| Renuka Shroff Gautam Also directs: Terraform Realstate Limited, Terraform Magnum Limited | Additional Director | 07 Nov 2024 | 1 Years 11 Months | Current |
Ownership and Shareholding of Iworx Systems India 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 Iworx Systems India Private Limited
Iworx Systems India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Iworx Systems India Private Limited
Employment history and EPFO contributions of people linked to Iworx Systems India.
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.
Recent Activity on Iworx Systems India Private Limited
Iworx Systems India Private Limited has 7 board changes on record since 2012: 4 appointments and 3 cessations. The latest: Renuka Shroff Gautam was appointed as Additional Director on 07 Nov 2024.
Credit Ratings, Litigation & Regulatory Alerts for Iworx Systems India 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.
MSME Payment Delays by Iworx Systems India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Iworx Systems India 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 Iworx Systems India Private Limited
Iworx Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI8887N1ZM | 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 Iworx Systems India 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 Iworx Systems India Private Limited
Iworx Systems India is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 27 March 2012 (14+ years old) and is registered under CIN U33111MH2012PTC228761.
Iworx Systems India reported revenue of ₹41.17 Lakh for FY 2024 (up 115% YoY).
Iworx Systems India has 3 current directors:
- Ashish Tukaram More - Director
- Gautam Rajan - Director
- Renuka Shroff Gautam - Additional Director
Iworx Systems India reported a net profit of ₹2.88 Lakh (net margin 7%) and EBITDA of ₹3.91 Lakh (EBITDA margin 9.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iworx Systems India is 9% over three years and 46% over five years. In the latest year (FY 2024) revenue rose 115%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iworx Systems India is 27AACCI8887N1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iworx Systems India is U33111MH2012PTC228761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iworx Systems India was incorporated on 27 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Iworx Systems India by revenue are Mayur Tie-Up Private Limited, Sni Global Private Limited, Sei Powerstream Private Limited, Pranali Industrial Services Private Limited, Mucon Engineers Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Retail and Distribution).
Renuka Shroff Gautam was appointed as Additional Director on 07 Nov 2024. Neena Bhalchandra Ambekar ceased to be Additional Director on 19 Nov 2020. Neena Bhalchandra Ambekar was appointed as Director on 20 Jul 2020. Iworx Systems India has 7 board changes on record in total.
Iworx Systems India can be reached through the website iworx.com. Its registered office is in Mumbai, Maharashtra, India.