DPIIT recognised startup Government of India
Startup India
Maq Artificial Intelligence Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.16 Lakh
▼ 5% YoY
Net loss · FY 2024
₹36,886
Net margin -4.5%
EBITDA · FY 2024
-₹36,886
EBITDA margin -4.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Maq Artificial Intelligence Private Limited
Data last updated:
Maq Artificial Intelligence Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2020PTC139755. Its GSTIN is 36AANCM3780H1Z3 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rindu Kanchanapally and Ratna Kumari Bajja.
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 Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.16 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹36,886 (net margin -4.5%) and EBITDA of -₹36,886 (EBITDA margin -4.5%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years.
The company is associated with 1 brand: Maq AI.
Maq Artificial Intelligence Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-09-0008295). For more details, the company can be reached via its website maq.ai.
Company Details of Maq Artificial Intelligence Private Limited
CIN U72900TG2020PTC139755
Registration Number 139755
Incorporation Date 13 March 2020
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TS-09-0008295
Recognitions & Rankings of Maq Artificial Intelligence
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-TS-09-0008295
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 124 & 125 Flat No. 504 Aryamitra Aspire Marva Township – B Marva Township – B, Narsingi, Hyderabad, Telangana, India – 500089
- IndustryInformation Technology, IT Consulting & Support Services
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Business Activity of Maq Artificial Intelligence Private Limited
The main business activity of Maq Artificial Intelligence 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 Maq Artificial Intelligence Private Limited FY 2024 filings available
Maq Artificial Intelligence Private Limited reported revenue of ₹8.16 Lakh (down 5% YoY) for FY 2024.
Revenue · FY 2024
₹8.16 Lakh ▼ 5%
Net loss · FY 2024
₹36,886 margin -4.5%
EBITDA · FY 2024
-₹36,886 margin -4.5%
Compounded Annual Growth Rate (CAGR) of Maq Artificial Intelligence Private Limited
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 88%
EBITDA CAGR growth
1 year
▲ 94%
3 years · compounded
▲ 75%
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 88%. EBITDA rose 94% 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 Maq Artificial Intelligence 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 | -₹36,886 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹36,886 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Maq Artificial Intelligence Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -4.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| 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 Maq Artificial Intelligence are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence has 2 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 |
|---|---|---|---|---|
| Rindu Kanchanapally | Director | 13 Mar 2020 | 6 Years 7 Months | Current |
| Ratna Kumari Bajja | Additional Director | 20 Sep 2020 | 6 Years 1 Months | Current |
Peer Comparison of Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence 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 |
|---|---|---|---|---|---|---|
| Overdrive Infotechs Private Limited | ₹8.17 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Bengaluru, Karnataka, India |
| Bepace Intelligence Private Limited | ₹8.17 Lakh (FY 2020) | •••• | •••• | •••• | Thiruvananthapuram, Kerala, India | |
| Frrole Tech Private Limited | ₹8.17 Lakh (FY 2024) | •••• | •••• | -96.0% | •••• | Bangalore, Karnataka, India |
| Cogzent Infotech Private Limited | ₹8.17 Lakh (FY 2022) | •••• | •••• | 10.0% | •••• | Madhira, Telangana, India |
| Goptimax Network Private Limited | ₹8.16 Lakh (FY 2017) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Maq Artificial Intelligence Private Limited this company | ₹8.16 Lakh (FY 2024) | •••• | •••• | -5.0% | •••• | Hyderabad, Telangana, India |
| Ultrabotix Private Limited | ₹8.16 Lakh (FY 2024) | •••• | •••• | 42.0% | •••• | Purnia, Bihar, India |
| Speechcraft Intelligence Private Limited | ₹8.16 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Verch Technologies Private Limited | ₹8.15 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
| HLR Solutions Private Limited | ₹8.15 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
| Hari Soft Tech Private Limited | ₹8.15 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Maq Artificial Intelligence 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 Maq Artificial Intelligence Private Limited
Auditor information for Maq Artificial Intelligence Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of Maq Artificial Intelligence Private Limited
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Charges & Borrowings of Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Maq Artificial Intelligence Private Limited
Employment history and EPFO contributions of people linked to Maq Artificial Intelligence.
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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 Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Ratna Kumari Bajja was appointed as Additional Director on 20 Sep 2020.
AGM
Maq Artificial Intelligence Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Maq Artificial Intelligence Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Appointed
Ratna Kumari Bajja was appointed as Additional Director.
Ceased
Chandra Mouli Bajja ceased to be Additional Director.
Ceased
Channa Mallikarjun ceased to be Director.
Appointed
Rindu Kanchanapally was appointed as Director.
Incorporation
13 Mar 2020
Maq Artificial Intelligence Private Limited was registered on 13 Mar 2020 with Roc Hyderabad & aged 6 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Maq Artificial Intelligence Private Limited
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MSME Payment Delays by Maq Artificial Intelligence Private Limited
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Subsidiaries & Group Companies of Maq Artificial Intelligence Private Limited
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GST Compliance of Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AANCM3780H1Z3 | Telangana | Active | 26 May 2020 |
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MCA Filings & Documents of Maq Artificial Intelligence Private Limited
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Frequently Asked Questions about Maq Artificial Intelligence Private Limited
Maq Artificial Intelligence is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 March 2020 (6+ years old) and is registered under CIN U72900TG2020PTC139755.
Maq Artificial Intelligence reported revenue of ₹8.16 Lakh for FY 2024 (down 5% YoY).
Maq Artificial Intelligence has 2 current directors:
- Rindu Kanchanapally - Director
- Ratna Kumari Bajja - Additional Director
Maq Artificial Intelligence reported a net loss of ₹36,886 (net margin -4.5%) and EBITDA of -₹36,886 (EBITDA margin -4.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maq Artificial Intelligence is 88% over three years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maq Artificial Intelligence is 36AANCM3780H1Z3, registered in Telangana.
The CIN (Corporate Identification Number) of Maq Artificial Intelligence is U72900TG2020PTC139755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maq Artificial Intelligence was incorporated on 13 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Maq Artificial Intelligence by revenue are Overdrive Infotechs Private Limited, Bepace Intelligence Private Limited, Frrole Tech Private Limited, Cogzent Infotech Private Limited, Goptimax Network Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Ratna Kumari Bajja was appointed as Additional Director on 20 Sep 2020. Chandra Mouli Bajja ceased to be Additional Director on 19 Sep 2020. Channa Mallikarjun ceased to be Director on 26 May 2020. Maq Artificial Intelligence has 4 board changes on record in total.
Yes, Maq Artificial Intelligence is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).