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Mapex AI Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹18.38 Cr
▲ 49% YoY
Net profit · FY 2025
₹90.16 Lakh
Net margin 4.9%
EBITDA · FY 2025
₹3.56 Cr
EBITDA margin 19.4%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.93 Cr
Issued & subscribed
Open charges
₹19 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
8
Provident fund records
About Mapex AI Private Limited
Data last updated:
Mapex AI Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Azure Knowledge Corporation Private Limited and recognised as a startup by DPIIT. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 11 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2020PTC113111. Its GSTIN is 24AATCA3814E1ZT (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.93 Cr. It is led by directors including Surendranath Das (Whole-Time Director) and Dushyant Mukundbhai Joshi.
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 Azure House Behind Town Hall Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.38 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹90.16 Lakh (net margin 4.9%) and EBITDA of ₹3.56 Cr (EBITDA margin 19.4%). Revenue has grown at a compounded annual rate (CAGR) of 164% over three years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹50 Lakh; the latest was in July 2021.
Mapex AI Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0141462). For more details, the company can be reached via its website azureknowledge.com.
Company details
CIN U72900GJ2020PTC113111
Registration Number 113111
Incorporation Date 11 March 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Azure Knowledge Corporation Private Limited
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0141462
Key People
Surendranath Das Whole-Time Director Dushyant Mukundbhai Joshi Director Abhilash Tushar Mankad Director Recognitions & Rankings of Mapex AI
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0141462
Contact details
Mapex AI Private Limited's registered office is in Ahmedabad, Gujarat. Its website is azureknowledge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAzure House Behind Town Hall Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, Cloud Computing & Cloud Services
To see the full contact details of Mapex AI Private Limited, buy the company report.
Comprehensive company report
Mapex AI 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
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Business activity
The main business activity of Mapex AI is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Mapex AI Private Limited, buy the company report.
Financials of Mapex AI Private Limited
FY 2025 filings availableMapex AI Private Limited reported revenue of ₹18.38 Cr (up 49% YoY) for FY 2025.
Revenue · FY 2025
₹18.38 Cr ▲ 49%
Net profit · FY 2025
₹90.16 Lakh margin 4.9%
EBITDA · FY 2025
₹3.56 Cr margin 19.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 164%
EBITDA CAGR growth
1 year
▲ 165%
3 years · compounded
▲ 203%
Revenue has grown at a compounded annual rate (CAGR) of 164% over three years, including 49% growth in the latest year. EBITDA rose 165% 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 | ₹3.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹90.16 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.4% | ||||
| Net Profit Margin | 4.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Mapex AI Private Limited, buy the company report.
Board of directors of Mapex AI Private Limited
Mapex AI has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dushyant Mukundbhai Joshi Also directs: Yamu Consultancy LLP, Yamu Infra Private Limited, Mercury Corporate Services Private Limited and 5 more | Director | 11 Mar 2020 | 6 Years 7 Months | Current |
| Abhilash Tushar Mankad | Director | 25 Aug 2022 | 4 Years 2 Months | Current |
| Surendranath Das | Whole-Time Director | 19 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Mapex AI Private Limited is audited by Deepak C. Gandhi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deepak C. Gandhi & Co. | FY 2023 | 102226W |
Shareholding
The shareholding of Mapex AI Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mapex AI Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2023 | 100744345 | Hdfc Bank Limited | ₹19 Cr | Open |
To see the full charge records of Mapex AI Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Mapex AI Private Limited has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹50 Lakh; the latest was in July 2021.
Total deals
2
Funding round
1
Acquisition
1
Disclosed funding
₹50 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Acquisition | ₹6.5 Cr | Buyer: BCCL |
| Apr 2021 | Funding round | ₹50 Lakh | Investors: Yamu Knowledge Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mapex AI Private Limited has 1 court case on record: 1 filed by Mapex AI. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Mapex AI 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 Mapex AI Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mapex AI Private Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
33.33%
GST
Mapex AI has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCA3814E1ZT | Gujarat | Active | 11 Feb 2021 |
To see the full GST registrations and return filing status of Mapex AI Private Limited, buy the company report.
Recent activity
Mapex AI Private Limited has 7 board changes on record since 2020: 5 appointments and 2 cessations. The latest: Shivendra Dutt Tripathi ceased to be Whole-Time Director on 01 Apr 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 19.00 Cr registered on 30 May 2023 with Charge ID 100744345 was modified on 27 Jan 2026.
AGM
Mapex Ai Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Shivendra Dutt Tripathi ceased to be Whole-Time Director.
Filing
Mapex Ai Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Shivendra Dutt Tripathi was appointed as Whole-Time Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.00 Cr with Charge ID 100744345 was registered on 30 May 2023.
Ceased
Shivang Anand Bhatt ceased to be Director.
Appointed
Surendranath Das was appointed as Whole-Time Director.
Appointed
Abhilash Tushar Mankad was appointed as Director.
Appointed
Dushyant Mukundbhai Joshi was appointed as Director.
Appointed
Shivang Anand Bhatt was appointed as Director.
Incorporation
11 Mar 2020
Mapex Ai Private Limited was registered on 11 Mar 2020 with Roc Ahmedabad & aged 6 years 7 months as per MCA records.
Frequently asked questions
Mapex AI is an active private limited company based in Ahmedabad, Gujarat, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 11 March 2020 (6+ years old) and is registered under CIN U72900GJ2020PTC113111.
Mapex AI has 3 current directors:
- Surendranath Das - Whole-Time Director
- Dushyant Mukundbhai Joshi - Director
- Abhilash Tushar Mankad - Director
The latest financial statements of Mapex AI 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 FY 2020 are in the company report.
The GSTIN of Mapex AI is 24AATCA3814E1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Mapex AI is U72900GJ2020PTC113111. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mapex AI has 1 court case on record: 1 filed by the company.
Mapex AI was incorporated on 11 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mapex AI has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹50 Lakh; the latest was in July 2021.
Shivendra Dutt Tripathi ceased to be Whole-Time Director on 01 Apr 2025. Shivendra Dutt Tripathi was appointed as Whole-Time Director on 09 Oct 2024. Shivang Anand Bhatt ceased to be Director on 24 Apr 2023. Mapex AI has 7 board changes on record in total.
Yes, Mapex AI is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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