About Maq India Private Limited
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Maq India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Maq Llc, Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PTC125631. Its GSTIN is 27AACCM1113H1ZY (Maharashtra). The company holds 2 GST registrations, all of them 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 Arpita Rajeev Agarwal and Amrish Jaswant Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹230.31 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹30.69 Cr (net margin 13.3%) and EBITDA of ₹49.23 Cr (EBITDA margin 21.4%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 23% over five years.
The company has about 726 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: MAQ Software.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maqsoftware.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address201 Meadows Building Sahar Plaza On Andheri Kurla Road Andher, I East, Mumbai, Maharashtra, India – 400059
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Maq India Private Limited
The main business activity of Maq India 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 |
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 Maq India Private Limited FY 2025 filings available
Maq India Private Limited reported revenue of ₹230.31 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Maq India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 30% growth in the latest year. EBITDA rose 62% 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 India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹49.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.69 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Maq India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.4% | •••• | •••• | •••• | •••• |
| 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 Maq 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 Maq India Private Limited
Maq India Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Insightsoftware International Private Limited | ₹244.34 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Hyderabad, Telangana, India |
| Denso International India Private Limited | ₹238.28 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Mastercard Mobile Transactions Solutions Private Limited | ₹237.06 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Pune, Maharashtra, India |
| Encora Softech India Private Limited | ₹232.52 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Jio Haptik Technologies Limited | ₹232.3 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Ahmedabad, Gujarat, India |
| Maq India Private Limited this company | ₹230.31 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Mumbai, Maharashtra, India |
| Smarsh India Private Limited | ₹227.45 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Sopra India Private Limited | ₹227.02 Cr (FY 2016) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Microsoft Research Lab India Private Limited | ₹225.03 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| Finicity Technologies Private Limited | ₹223.52 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Thane, Maharashtra, India |
| Tektronix (India) Private Limited | ₹222.4 Cr (FY 2022) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maq India by revenue in the Information Technology industry (Application Development), 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 India Private Limited
Maq India Private Limited is audited by Atul Salgia for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Atul Salgia | 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 Maq India Private Limited
Maq India has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arpita Rajeev Agarwal Also directs: Maq Software Hyderabad Private Limited | Director | 17 Feb 2021 | 5 Years 7 Months | Current |
| Amrish Jaswant Shah Also directs: Maq Software Hyderabad Private Limited | Director | 17 Aug 2012 | 14 Years 1 Months | Current |
| Rajeev Agarwal Also directs: Vision Source LLP, Maq Software Hyderabad Private Limited | Director | 06 Apr 2000 | 26 Years 6 Months | Current |
| Naveen Kumar Pallayil Also directs: Vision Source LLP, Maq Software Hyderabad Private Limited | Director | 29 Dec 2014 | 11 Years 9 Months | Current |
Ownership and Shareholding of Maq 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 Maq India Private Limited
Maq India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Maq India Private Limited
Maq India operates one associated brand: MAQ Software. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive IT services, including support, maintenance, and security solutions. | maqsoftware.com |
Employees and EPFO Compliance at Maq India Private Limited
Maq India Private Limited has a workforce of 726 employees as of Apr 02, 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.
Group Structure of Maq India Private Limited
Maq India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Maq Software Hyderabad Private Limited | U72200TG2008PTC059821 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Maq India Private Limited
Maq India Private Limited has 9 board changes on record since 2000: 4 appointments and 5 cessations. The latest: Arpita Rajeev Agarwal was appointed as Director on 17 Feb 2021.
Credit Ratings, Litigation & Regulatory Alerts for Maq 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 Maq 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 Maq 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 Maq India Private Limited
Maq India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM1113H1ZY | Maharashtra | Active | 01 Jul 2017 |
| 09AACCM1113H1ZW | Uttar Pradesh | Active | 28 Dec 2021 |
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 Maq 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 Maq India Private Limited
Maq India is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 April 2000 (26+ years old) and is registered under CIN U72200MH2000PTC125631.
Maq India reported revenue of ₹230.31 Cr for FY 2025 (up 30% YoY).
Maq India has 4 current directors:
- Arpita Rajeev Agarwal - Director
- Amrish Jaswant Shah - Director
- Rajeev Agarwal - Director
- Naveen Kumar Pallayil - Director
Maq India reported a net profit of ₹30.69 Cr (net margin 13.3%) and EBITDA of ₹49.23 Cr (EBITDA margin 21.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maq India is 30% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maq India is 27AACCM1113H1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCM1113H1ZW (Uttar Pradesh).
The CIN (Corporate Identification Number) of Maq India is U72200MH2000PTC125631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maq India was incorporated on 06 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maq India by revenue are Insightsoftware International Private Limited, Denso International India Private Limited, Mastercard Mobile Transactions Solutions Private Limited, Encora Softech India Private Limited, Jio Haptik Technologies Limited and 5 more, all in the Information Technology industry (Application Development).
Arpita Rajeev Agarwal was appointed as Director on 17 Feb 2021. Naveen Kumar Pallayil ceased to be Additional Director on 30 Sep 2015. Naveen Kumar Pallayil was appointed as Director on 29 Dec 2014. Maq India has 9 board changes on record in total.
Maq India can be reached through the website maqsoftware.com. Its registered office is in Mumbai, Maharashtra, India.