India's Richest People 2026 edition · 1 director · Source: Hurun India
- #347 Anil Jagasia ₹10,900 Cr
Revenue · FY 2025
₹32,896 Cr
▲ 2% YoY
Net profit · FY 2025
₹264.08 Cr
Net margin 0.8%
EBITDA · FY 2025
₹741.62 Cr
EBITDA margin 2.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹5,074 Cr
Satisfied ₹1,092.2 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
1,365
Provident fund records
About Savex Technologies Private Limited
Data last updated:
Savex Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 16 February 1988 and has been in existence for over 38 years.
Its director Anil Jagasia is #347 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH1988PTC046237. Its GSTIN is 27AAACS5547H1Z8 (Maharashtra). The company holds 56 GST registrations, of which 47 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Savex Computers Private Limited and Savex Computers Limited. It is led by directors including Jayant Harkisandas Goradia (Managing Director) and Anil Ishwarlal Jagasia.
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 ₹32,896 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹264.08 Cr (net margin 0.8%) and EBITDA of ₹741.62 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 16% over five years.
The company has about 1,365 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 4 brands: Fire Boltt, Uniserved, Inflow Technologies and Savex. As per MCA filings, the company has open charges of ₹5,074 Cr and satisfied charges of ₹1,092.2 Cr on record. Court records list 300 cases involving the company, including 255 filed by the company and 45 filed against it; 102 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in October 2024. The company has 11 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 58 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website savex.org.
Company details
CIN U31909MH1988PTC046237
Registration Number 046237
Incorporation Date 16 February 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Savex Technologies has undergone 2 name changes throughout its history. The company was previously known as Savex Computers Private Limited, and Savex Computers Limited. The current legal name is Savex Technologies Private Limited.
| Company Name | Status |
|---|---|
| Savex Technologies Private Limited | Current |
| Savex Computers Private Limited | Previous |
| Savex Computers Limited | Previous |
CIN history
Savex Technologies has one previous CIN (Corporate Identification Number): U31909MH1988PLC046237. The current CIN is U31909MH1988PTC046237, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909MH1988PTC046237 | Current |
| U31909MH1988PLC046237 | Previous |
Key People
Jayant Harkisandas Goradia Managing Director Anil Ishwarlal Jagasia Director Anuradha Anil Jagasia Director Recognitions & Rankings of Savex Technologies
Contact details
Savex Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is savex.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address124 – B 12th Floor, Maker Chamber III, Mumbai, Maharashtra, India – 400021
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Savex Technologies Private Limited, buy the company report.
Comprehensive company report
Savex Technologies 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
Savex Technologies operates multiple associated brands including Fire Boltt, Uniserved, and Inflow Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designs and sells smartwatches, audio products, and gadgets through online platforms. | fireboltt.com | |
| On-demand technology infrastructure workforce solutions are provided to businesses. | uniserved.com | |
| Value-added IT products are distributed and infrastructure services are provided. | inflowtechnologies.com | |
| ICT products are distributed across India by Savex. | savex.in |
Business activity
The main business activities of Savex Technologies are trade and manufacturing. In detail, this covers wholesale trading and electrical equipment, general purpose and special purpose machinery & equipment, transport equipment. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Savex Technologies Private Limited, buy the company report.
Financials of Savex Technologies Private Limited
FY 2025 filings availableSavex Technologies Private Limited reported revenue of ₹32,896 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹32,896 Cr ▲ 2%
Net profit · FY 2025
₹264.08 Cr margin 0.8%
EBITDA · FY 2025
₹741.62 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 12%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 5%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 2% growth in the latest year. EBITDA fell 17% 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 | ₹741.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹264.08 Cr | ||||
| 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 | 2.3% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Savex Technologies Private Limited, buy the company report.
Board of directors of Savex Technologies Private Limited
Savex Technologies has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Ishwarlal Jagasia Also directs: Savex Softech Private Limited | Director | 16 Feb 1988 | 38 Years 8 Months | Current |
| Anuradha Anil Jagasia | Director | 16 Feb 1988 | 38 Years 8 Months | Current |
| Jayant Harkisandas Goradia | Managing Director | 23 Oct 2001 | 24 Years 11 Months | Current |
| Raunak Anil Jagasia Also directs: Inflow Technologies Private Limited, Savex Softech Private Limited | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
| Atul Gaur Also directs: Inflow Technologies Private Limited | Director | 01 Jul 2021 | 5 Years 3 Months | Current |
| Mahendra Ramdas Wahile | Director | 01 Nov 2018 | 7 Years 11 Months | Current |
Showing 6 of 8 current directors. View all directors
Auditor
Savex Technologies Private Limited is audited by N K Kalra & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K Kalra & Associates | FY 2024 | 104598W |
Shareholding
The shareholding of Savex Technologies Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Savex Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5,074 Cr
Satisfied charges
₹1,092.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2023 | 100685400 | Others | ₹100 Cr | Open | |
| 05 Sep 2022 | 100613002 | Others | ₹50 Cr | Open | |
| 23 Aug 2021 | 100479120 | Others | ₹250 Cr | Open | |
| 04 Sep 2020 | 100373063 | Others | ₹275 Cr | Open | |
| 09 Sep 2019 | 100292120 | Others | ₹400 Cr | Open |
To see the full charge records of Savex Technologies Private Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Savex Technologies Private Limited has 4 deals on record (4 secondary share transfers); the latest was in October 2024.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Savex Technologies Private Limited has 300 court cases on record: 255 filed by Savex Technologies, 45 filed against it. 102 cases are pending and 198 are disposed.
Total cases
300
Filed by the company
255
Filed against the company
45
Pending
102
Disposed
198
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 253 | 28 | 90 |
| High courts | 43 | 16 | 11 |
| Supreme Court | 2 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 300)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Phoneme Solutions Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Alliance Tech Solution Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Aviator Infotech India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against V3hk Private Limited | Pending |
| District court, South East, Delhi | Commercial suit | Filed by the company against M/S Elegant Business Solutions Pvt Ltd | Pending |
To see the full case history of Savex Technologies 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.
Credit ratings & regulatory alerts
Savex Technologies Private Limited was last rated by Crisil on 27 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Mar 2020 |
To see the full credit ratings and regulatory alerts of Savex Technologies Private Limited, buy the company report.
MSME payment delays
Savex Technologies Private Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 58 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 58)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Wondersoft Private Limited | |||
| Aspada Marketing Private Limited | |||
| JMD Infotech Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Savex Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Savex Technologies has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Inflow Technologies Private Limited | U72200KA2008PTC048560 | |
| Savex Softech Private Limited | U72200MH1997PTC108864 | |
| Uniserved Tech Solutions Private Limited | U72900MH2018PTC315501 |
To see the full group structure of Savex Technologies Private Limited, buy the company report.
Employees & EPFO
Savex Technologies Private Limited has a workforce of 1,365 employees on its EPFO records as of Nov 19, 2025, across 1 active EPFO establishment.
Employee count
1,365
Active EPFO establishments
1
Employee growth
-6.7%
GST
Savex Technologies has 56 GST registrations: 47 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
56
Active
47
Cancelled / inactive
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5547H1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACS5547H2Z7 | Maharashtra | Active | 26 Jul 2017 |
| 27AAACS5547H1CJ | Maharashtra | Active | 21 May 2019 |
| 02AAACS5547H2ZJ | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Savex Technologies Private Limited, buy the company report.
Recent activity
Savex Technologies Private Limited has 16 board changes on record since 1988: 8 appointments and 8 cessations. The latest: Atul Gaur ceased to be Additional Director on 07 Oct 2021.
Charges
A charge with Others of Rs. 185.00 Cr registered on 08 Feb 2019 with Charge ID 100245924 was modified on 02 Dec 2025.
AGM
Savex Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 500.00 Cr registered on 04 Jun 2009 with Charge ID 10164373 was modified on 17 Sep 2025.
Charges
A charge with Others of Rs. 100.00 Cr registered on 22 Feb 2023 with Charge ID 100685400 was modified on 19 May 2025.
Charges
A charge with Axis Bank Limited of Rs. 545.00 Cr registered on 17 Oct 2012 with Charge ID 10388000 was modified on 19 May 2025.
Charges
A charge registered on 25 Sep 2019 via Charge ID 100292457 with Others was fully satisfied on 16 May 2025.
Filing
Savex Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited of Rs. 749.00 Cr registered on 30 Mar 2007 with Charge ID 10051873 was modified on 27 Mar 2025.
Charges
A charge registered on 27 Jun 2023 via Charge ID 100746760 with The South Indian Bank Limited was fully satisfied on 24 Feb 2025.
Charges
A charge with Citi Bank N.A. of Rs. 250.00 Cr registered on 24 Nov 2000 with Charge ID 80046051 was modified on 26 Dec 2024.
Charges
A charge registered on 29 Apr 2022 via Charge ID 100574522 with Others was fully satisfied on 08 Aug 2024.
Charges
A charge registered on 25 Mar 2021 via Charge ID 100437749 with Jp Morgan Chase Bank, N.A. was fully satisfied on 22 Jul 2024.
100 earlier events are in the company report.
From our blog
Frequently asked questions
Savex Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 16 February 1988 (38+ years old) and is registered under CIN U31909MH1988PTC046237.
Savex Technologies has 8 current directors:
- Jayant Harkisandas Goradia - Managing Director
- Anil Ishwarlal Jagasia - Director
- Anuradha Anil Jagasia - Director
- Raunak Anil Jagasia - Director
- Atul Gaur - Director
- Mahendra Ramdas Wahile - Director
- Devang Achyut Pandya - Director
- Saurabh Madhukar Naik - Director
The latest financial statements of Savex Technologies 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 2015 are in the company report.
The GSTIN of Savex Technologies is 27AAACS5547H1Z8, registered in Maharashtra. The company has 56 GST registrations in all, of which 47 are active and 9 are cancelled or inactive. Other active GSTINs include 27AAACS5547H2Z7 (Maharashtra), 27AAACS5547H1CJ (Maharashtra), 02AAACS5547H2ZJ (Himachal Pradesh).
The CIN (Corporate Identification Number) of Savex Technologies is U31909MH1988PTC046237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Savex Technologies has 300 court cases on record: 255 filed by the company and 45 filed against it. 102 are pending. Most are in the district courts.
Savex Technologies was incorporated on 16 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Savex Technologies has 4 deals on record (4 secondary share transfers); the latest was in October 2024.
Atul Gaur ceased to be Additional Director on 07 Oct 2021. Atul Gaur was appointed as Director on 01 Jul 2021. Anuradha Anil Jagasia ceased to be Whole-Time Director on 01 Oct 2019. Savex Technologies has 16 board changes on record in total.
Savex Technologies has 11 MSME Form 1 returns on record between 2021 and 2024, listing 162 overdue payments to 58 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Savex Technologies can be reached through the website savex.org. Its registered office is in Mumbai, Maharashtra, India.