About Netsol IT Solutions Private Limited
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Netsol IT Solutions Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72501GJ2009PTC057091. Its GSTIN is 24AADCN0199H1ZI (Gujarat).
The company has an authorised share capital of ₹49.99 Lakh and a paid-up capital of ₹26.67 Lakh. It is led by directors including Suhas Krishanlal Arora and Satishbhai Narayanbhai Nair.
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 Surat, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.5 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹11.95 Lakh (net margin 2.7%) and EBITDA of ₹17.61 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 12% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Netsol IT Solution, Ask4Token and NETe. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹29.7 Lakh; the latest was in February 2020. Its 10 peer companies in the Information Technology industry (Application Development, IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Gmu Infosoft Private Limited with revenue of ₹4.51 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netsolitsolution.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Shop 212 Sns Interio, Bhatar Char Rasta Nr Mona Dyeing, Surat, Gujarat, India – 395017
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Netsol IT Solutions Private Limited
The main business activities of Netsol IT Solutions are manufacturing and information and communication. In detail, this covers computer, electronic, communication and scientific measuring & control equipment and computer programming, consultancy and related activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
| 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 Netsol IT Solutions Private Limited FY 2025 filings available
Netsol IT Solutions Private Limited reported revenue of ₹4.5 Cr (up 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Netsol IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 34% growth in the latest year. EBITDA fell 4% 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 Netsol IT Solutions 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹17.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.95 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Netsol IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Netsol IT Solutions 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 Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gmu Infosoft Private Limited | ₹4.51 Cr (FY 2016) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Irusu Technologies Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Hyderabad, Telangana, India |
| Hages Business Solutions Private Limited | ₹4.5 Cr (FY 2019) | •••• | •••• | 23.0% | •••• | Thiruvananthapuram, Kerala, India |
| Shinsei Technology (India) Private Limited | ₹4.5 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | Koothattukulam, Kerala, India |
| Three Gee Solutions Private Limited | ₹4.5 Cr (FY 2025) | •••• | •••• | 87.0% | •••• | New Delhi, Delhi, India |
| Netsol IT Solutions Private Limited this company | ₹4.5 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Surat, Gujarat, India |
| Abacus Consultancy Services (India) Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Indore, Madhya Pradesh, India |
| Rifluxyss Softwares Private Limited | ₹4.5 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chennai, Tamil Nadu, India |
| Quaisar Medisoft Private Limited | ₹4.49 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Udaipur, Rajasthan, India |
| Ilivedaily Creations (OPC) Private Limited | ₹4.49 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Omfys Technologies (India) Private Limited | ₹4.49 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Netsol IT Solutions by revenue in the Information Technology industry (Application Development, IT Consulting and Services), 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 Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited is audited by JIGAR CHOKSI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JIGAR CHOKSI & ASSOCIATES | 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 Netsol IT Solutions Private Limited
Netsol IT Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Krishanlal Arora | Director | 28 May 2009 | 17 Years 4 Months | Current |
| Satishbhai Narayanbhai Nair Also directs: Netsol Hospitality Services Private Limited, Myciti 360 Technology Services Private Limited, Netsolink SPV LLP and 1 more | Director | 28 May 2009 | 17 Years 4 Months | Current |
| Pinak Ramchandra Gupte Also directs: Tivon Enterprise Private Limited | Director | 28 Nov 2019 | 6 Years 10 Months | Current |
Ownership and Shareholding of Netsol IT Solutions 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 Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹29.7 Lakh; the latest was in February 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round | ₹22.7 Lakh | Investors: an individual |
| Mar 2016 | Rights issue | ₹16 Lakh | Investors: 2 individuals |
| Jan 2014 | Funding round | ₹7 Lakh | Investors: 4 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Netsol IT Solutions Private Limited
Netsol IT Solutions operates multiple associated brands including Netsol IT Solution, Ask4Token, and NETe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers web development, software solutions, and IT services for businesses. | netsolitsolution.com | |
| Offers queue management software for banks, hospitals, service industries, and customer analytics. | ask4token.com | |
| Software for administering schools, managing attendance, exams, and communications. | neteims.com |
Employees and EPFO Compliance at Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited has a workforce of 11 employees as of Apr 08, 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.
Recent Activity on Netsol IT Solutions Private Limited
Netsol IT Solutions Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Vishal Shah Amar ceased to be Director on 12 Jul 2023.
Credit Ratings, Litigation & Regulatory Alerts for Netsol IT Solutions 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 Netsol IT Solutions 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 Netsol IT Solutions 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 Netsol IT Solutions Private Limited
Netsol IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCN0199H1ZI | Gujarat | Active | 01 Jul 2017 |
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 Netsol IT Solutions 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 Netsol IT Solutions Private Limited
Netsol IT Solutions is an active private limited company based in Surat, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 May 2009 (17+ years old) and is registered under CIN U72501GJ2009PTC057091.
Netsol IT Solutions reported revenue of ₹4.5 Cr for FY 2025 (up 34% YoY).
Netsol IT Solutions has 3 current directors:
- Suhas Krishanlal Arora - Director
- Satishbhai Narayanbhai Nair - Director
- Pinak Ramchandra Gupte - Director
Netsol IT Solutions reported a net profit of ₹11.95 Lakh (net margin 2.7%) and EBITDA of ₹17.61 Lakh (EBITDA margin 3.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Netsol IT Solutions is 9% over three years and 12% over five years. In the latest year (FY 2025) revenue rose 34%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Netsol IT Solutions is 24AADCN0199H1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Netsol IT Solutions is U72501GJ2009PTC057091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netsol IT Solutions was incorporated on 28 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Netsol IT Solutions has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹29.7 Lakh; the latest was in February 2020.
The peers of Netsol IT Solutions by revenue are Gmu Infosoft Private Limited, Irusu Technologies Private Limited, Hages Business Solutions Private Limited, Shinsei Technology (India) Private Limited, Three Gee Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development, IT Consulting and Services).
Vishal Shah Amar ceased to be Director on 12 Jul 2023. Pinak Ramchandra Gupte was appointed as Director on 28 Nov 2019. Satishbhai Narayanbhai Nair was appointed as Director on 28 May 2009. Netsol IT Solutions has 4 board changes on record in total.