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Ikshavaku Software Ventures India Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.54 Cr
▼ 18% YoY
Net profit · FY 2024
₹6.24 Cr
Net margin 15.8%
EBITDA · FY 2024
₹8.88 Cr
EBITDA margin 22.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹97,700
Issued & subscribed
Open charges
₹19.77 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Ikshavaku Software Ventures India Private Limited
Data last updated:
Ikshavaku Software Ventures India Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 23 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC309796. Its GSTIN is 27AAECI8853N1ZU (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹97,700. It is led by directors Hardik Paresh Shah (Managing Director) and Pathik Paresh Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.54 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹6.24 Cr (net margin 15.8%) and EBITDA of ₹8.88 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 189% over five years.
The company is associated with 1 brand: TradeCred. As per MCA filings, the company has open charges of ₹19.77 Cr on record. Court records list 21 cases involving the company, including 16 filed by the company and 6 filed against it; 15 cases are pending. The company has 11 deals on record (9 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.04 Cr; the latest was in February 2020. Its 9 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 5 larger and 4 smaller; the largest is Get Marine Management (India) Private Limited with revenue of ₹39.62 Cr.
Ikshavaku Software Ventures India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0061311). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tradecred.com.
Company details
CIN U74999MH2018PTC309796
Registration Number 309796
Incorporation Date 23 May 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-18-0061311
Recognitions & Rankings of Ikshavaku Software Ventures India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0061311
Contact details
Ikshavaku Software Ventures India Private Limited's registered office is in Mumbai, Maharashtra. Its website is tradecred.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address703 And 704 Midas Sahar Plaza Building No. 1, M V Road Near Kohinoor Continental Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryInternet, Online Financial Services
To see the full contact details of Ikshavaku Software Ventures India Private Limited, buy the company report.
Comprehensive company report
Ikshavaku Software Ventures India 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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Brands
Ikshavaku Software Ventures India operates one associated brand: TradeCred. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Invoice financing is provided to businesses via a digital platform. | tradecred.com |
Business activity
The main business activity of Ikshavaku Software Ventures India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Ikshavaku Software Ventures India Private Limited, buy the company report.
Financials of Ikshavaku Software Ventures India Private Limited
FY 2024 filings availableIkshavaku Software Ventures India Private Limited reported revenue of ₹39.54 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹39.54 Cr ▼ 18%
Net profit · FY 2024
₹6.24 Cr margin 15.8%
EBITDA · FY 2024
₹8.88 Cr margin 22.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 49%
5 years · compounded
▲ 189%
EBITDA CAGR growth
1 year
▼ 77%
3 years · compounded
▲ 2%
5 years · compounded
▲ 167%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 189%. EBITDA fell 77% 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 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 | ₹8.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.24 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.5% | ||||
| Net Profit Margin | 15.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ikshavaku Software Ventures India Private Limited, buy the company report.
Board of directors of Ikshavaku Software Ventures India Private Limited
Ikshavaku Software Ventures India 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 |
|---|---|---|---|---|
| Pathik Paresh Shah | Nominee Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Hardik Paresh Shah Also directs: Kimuro Solutions (OPC) Private Limited | Managing Director | 23 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Ikshavaku Software Ventures India Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Get Marine Management (India) Private Limited | ₹39.62 Cr (FY 2025) | 95.0% | Mumbai, Maharashtra, India | |||
| Bellissimo Ventures Private Limited | ₹39.62 Cr (FY 2025) | 59.0% | Gurgaon, Haryana, India | |||
| Daloopa Private Limited | ₹39.58 Cr (FY 2025) | 39.0% | Dadri, Uttar Pradesh, India | |||
| Springpeople Software Private Limited | ₹39.58 Cr (FY 2024) | 5.0% | Bangalore, Karnataka, India | |||
| Enpro Enviro Tech and Engineers Private Limited | ₹39.54 Cr (FY 2025) | -13.0% | Surat, Gujarat, India | |||
| Ikshavaku Software Ventures India Private Limitedthis company | ₹39.54 Cr (FY 2024) | ₹6.24 Cr | 15.8% | -18.0% | Mumbai, Maharashtra, India | |
| R.P. Buildtech Consultants Private Limited | ₹39.51 Cr (FY 2025) | -55.0% | New Delhi, Delhi, India | |||
| Techila Global Services Limited | ₹39.51 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| Vtekis Consulting India Private Limited | ₹39.46 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Omprime Technology Private Limited | ₹39.44 Cr (FY 2025) | -8.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Ikshavaku Software Ventures India Private Limited, buy the company report.
Auditor
Ikshavaku Software Ventures India Private Limited is audited by SANJAY PATEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY PATEL & ASSOCIATES | FY 2023 | 116169W |
Shareholding
The shareholding of Ikshavaku Software Ventures India Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ikshavaku Software Ventures India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19.77 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2025 | 101181221 | Others | ₹1.75 Cr | Open | |
| 04 Jun 2025 | 101181225 | Others | ₹5.77 Cr | Open | |
| 26 Apr 2025 | 101113364 | Others | ₹1.75 Cr | Open | |
| 17 Feb 2025 | 101111055 | Others | ₹50 Lakh | Open | |
| 28 Dec 2024 | 101087207 | Others | ₹10 Cr | Open |
Total charge records: 5 View all charges
Deals & funding
Ikshavaku Software Ventures India Private Limited has 11 deals on record (9 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.04 Cr; the latest was in February 2020.
Total deals
11
Secondary share transfers
9
Rights issue
1
Funding round
1
Disclosed funding
₹1.04 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round | ₹1.04 Cr | Investors: 4 individuals |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Ikshavaku Software Ventures India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ikshavaku Software Ventures India Private Limited has 21 court cases on record: 16 filed by Ikshavaku Software Ventures India, 6 filed against it. 15 cases are pending and 6 are disposed.
Total cases
21
Filed by the company
16
Filed against the company
6
Pending
15
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 2 | 10 |
| High courts | 9 | 3 | 5 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1512-Criminal Law : Criminal writ petition [not in the nature of PIL]) | Filed against the company by Smartpaddle Technology Private Limited and 3 others | Disposed |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against M/S Smartpaddle Technology Pvt Ltd and Ors | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Linkedin Technology Information Private Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Linkedin Technology Information Private Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Ikshavaku Software Ventures India Private Limited Shivansh Malik and 1 other | Pending |
To see the full case history of Ikshavaku Software Ventures India 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 Ikshavaku Software Ventures India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ikshavaku Software Ventures India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI8853N1ZU | Maharashtra | Active | 15 May 2019 |
To see the full GST registrations and return filing status of Ikshavaku Software Ventures India Private Limited, buy the company report.
Recent activity
Ikshavaku Software Ventures India Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Kunal Gopal Tekwani ceased to be Director on 29 Aug 2022.
Charges
A charge with Others amounted to Rs. 175.00 Lakh with Charge ID 101181221 was registered on 11 Jun 2025.
Charges
A charge with Others amounted to Rs. 577.00 Lakh with Charge ID 101181225 was registered on 04 Jun 2025.
Charges
A charge with Others amounted to Rs. 175.00 Lakh with Charge ID 101113364 was registered on 26 Apr 2025.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 101111055 was registered on 17 Feb 2025.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 101087207 was registered on 28 Dec 2024.
AGM
Ikshavaku Software Ventures India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ikshavaku Software Ventures India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Kunal Gopal Tekwani ceased to be Director.
Appointed
Pathik Paresh Shah was appointed as Nominee Director.
Ceased
Pathik Paresh Shah ceased to be Director.
Appointed
Hardik Paresh Shah was appointed as Managing Director.
Incorporation
23 May 2018
Ikshavaku Software Ventures India Private Limited was registered on 23 May 2018 with Roc Mumbai & aged 8 years 5 months as per MCA records.
News
Frequently asked questions
Ikshavaku Software Ventures India is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 23 May 2018 (8+ years old) and is registered under CIN U74999MH2018PTC309796.
Ikshavaku Software Ventures India has 2 current directors:
- Hardik Paresh Shah - Managing Director
- Pathik Paresh Shah - Nominee Director
The latest financial statements of Ikshavaku Software Ventures India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ikshavaku Software Ventures India is 27AAECI8853N1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ikshavaku Software Ventures India is U74999MH2018PTC309796. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ikshavaku Software Ventures India has 21 court cases on record: 16 filed by the company and 6 filed against it. 15 are pending. Most are in the district courts.
Ikshavaku Software Ventures India was incorporated on 23 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Ikshavaku Software Ventures India has 11 deals on record (9 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.04 Cr; the latest was in February 2020.
The peers of Ikshavaku Software Ventures India by revenue are Get Marine Management (India) Private Limited, Bellissimo Ventures Private Limited, Daloopa Private Limited, Springpeople Software Private Limited, Enpro Enviro Tech and Engineers Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Kunal Gopal Tekwani ceased to be Director on 29 Aug 2022. Pathik Paresh Shah was appointed as Nominee Director on 01 Oct 2019. Pathik Paresh Shah ceased to be Director on 11 Sep 2019. Ikshavaku Software Ventures India has 4 board changes on record in total.
Yes, Ikshavaku Software Ventures India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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