About Passwork Technologies Private Limited
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Passwork Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online real estate platforms segment of the internet and digital services sector. It was incorporated on 03 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC324918. Its GSTIN is 27AAKCP5298E1ZZ (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.12 Lakh. It is led by directors Mohit Ajit Malara and Gaurav Suresh Gandhi.
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 ₹51.99 Lakh, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹27.58 Lakh (net margin 53.1%) and EBITDA of ₹39.61 Lakh (EBITDA margin 76.2%). Revenue has grown at a compounded annual rate (CAGR) of 149% over three years.
The company is associated with 1 brand: PassWork. The company has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹77 Lakh; the latest was in February 2021. Its 10 peer companies in the Ecommerce and Internet industry (Real Estate Services) are compared by revenue, 5 larger and 5 smaller; the largest is Corporate Landlord India Private Limited with revenue of ₹60.16 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website passwork.in.
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- Registered Address16th Floor 'D' Wing Trade World Kamala Millcity Senapatibapatmarg Kamalamillcompoundlowe, Rparel(W), Mumbai, Maharashtra, India – 400013
- IndustryInternet, Online Real Estate Platforms
- 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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Business Activity of Passwork Technologies Private Limited
The main business activity of Passwork Technologies is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Passwork Technologies Private Limited FY 2024 filings available
Passwork Technologies Private Limited reported revenue of ₹51.99 Lakh (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Passwork Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 149% over three years, including 37% growth in the latest year. EBITDA rose 433% 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 Passwork Technologies 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹39.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.58 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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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Passwork Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 76.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 53.1% | •••• | •••• | •••• | •••• |
| 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 Passwork Technologies are in the company report.
Financial statements from FY 2020
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 Passwork Technologies Private Limited
Passwork Technologies Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Real Estate 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 |
|---|---|---|---|---|---|---|
| Corporate Landlord India Private Limited | ₹60.16 Lakh (FY 2018) | •••• | •••• | 4528.0% | •••• | Gurgaon, Haryana, India |
| Hike Developers Private Limited | ₹57.47 Lakh (FY 2023) | •••• | •••• | -30.0% | •••• | Lucknow, Uttar Pradesh, India |
| Auction Focus Private Limited | ₹56.78 Lakh (FY 2024) | •••• | •••• | 170.0% | •••• | Ahmedabad, Gujarat, India |
| Sakshi Realcon Private Limited | ₹55.94 Lakh (FY 2025) | •••• | •••• | 288.0% | •••• | New Delhi, Delhi, India |
| Vistar Resources Private Limited | ₹52.22 Lakh (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| Passwork Technologies Private Limited this company | ₹51.99 Lakh (FY 2024) | •••• | •••• | 37.0% | •••• | Mumbai, Maharashtra, India |
| Jai Maa Bhagwati Properties Private Limited | ₹48.72 Lakh (FY 2024) | •••• | •••• | 28.0% | •••• | Noida, Uttar Pradesh, India |
| Investors Gurukul Real Estate Services Private Limited | ₹47.52 Lakh (FY 2024) | •••• | •••• | 698.0% | •••• | Gurgaon, Haryana, India |
| Asahi Corporate Real Estate Services (India) Private Limited | ₹47.46 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Creasophere Tech Private Limited | ₹46.93 Lakh (FY 2024) | •••• | •••• | 165.0% | •••• | Pune, Maharashtra, India |
| Bricksnwall Innovations Private Limited | ₹40.12 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Passwork Technologies by revenue in the Ecommerce and Internet industry (Real Estate 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 Passwork Technologies Private Limited
Passwork Technologies Private Limited is audited by BANSHI JAIN & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BANSHI JAIN & 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 Passwork Technologies Private Limited
Passwork Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Ajit Malara | Director | 03 May 2019 | 7 Years 5 Months | Current |
| Gaurav Suresh Gandhi Also directs: Ess Gee Premises LLP, Samyakth Advisory Services LLP, Samyakth Management Services LLP and 5 more | Director | 03 May 2019 | 7 Years 5 Months | Current |
Ownership and Shareholding of Passwork Technologies 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 Passwork Technologies Private Limited
Passwork Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Passwork Technologies Private Limited
Passwork Technologies Private Limited has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹77 Lakh; the latest was in February 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹72.4 Lakh | Investors: 3 individuals |
| Aug 2020 | Funding round | ₹77 Lakh | Investors: 2 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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 Passwork Technologies Private Limited
Passwork Technologies operates one associated brand: PassWork. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Co-working spaces are booked through an app-based marketplace. | passwork.in |
Employees and EPFO Compliance at Passwork Technologies Private Limited
Employment history and EPFO contributions of people linked to Passwork Technologies.
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 Passwork Technologies Private Limited
Passwork Technologies Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Gaurav Suresh Gandhi was appointed as Director on 03 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Passwork Technologies 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 Passwork Technologies 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 Passwork Technologies 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 Passwork Technologies Private Limited
Passwork Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP5298E1ZZ | Maharashtra | Active | 03 Jul 2019 |
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 Passwork Technologies 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.
Related news about Passwork Technologies Private Limited
Frequently Asked Questions about Passwork Technologies Private Limited
Passwork Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in online real estate platforms, within the internet industry. It was incorporated on 03 May 2019 (7+ years old) and is registered under CIN U74999MH2019PTC324918.
Passwork Technologies reported revenue of ₹51.99 Lakh for FY 2024 (up 37% YoY).
Passwork Technologies has 2 current directors:
- Mohit Ajit Malara - Director
- Gaurav Suresh Gandhi - Director
Passwork Technologies reported a net profit of ₹27.58 Lakh (net margin 53.1%) and EBITDA of ₹39.61 Lakh (EBITDA margin 76.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Passwork Technologies is 149% over three years. In the latest year (FY 2024) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Passwork Technologies is 27AAKCP5298E1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Passwork Technologies is U74999MH2019PTC324918. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passwork Technologies was incorporated on 03 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Passwork Technologies has 3 deals on record (1 funding round, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹77 Lakh; the latest was in February 2021.
The peers of Passwork Technologies by revenue are Corporate Landlord India Private Limited, Hike Developers Private Limited, Auction Focus Private Limited, Sakshi Realcon Private Limited, Vistar Resources Private Limited and 5 more, all in the Ecommerce and Internet industry (Real Estate Services).
Gaurav Suresh Gandhi was appointed as Director on 03 May 2019. Mohit Ajit Malara was appointed as Director on 03 May 2019.