About Qed Tangram Advisory Services Private Limited
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Qed Tangram Advisory Services Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2012PTC234532. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was formerly known as Adicent Research & Advisory Services Private Limited and Dun & Bradstreet Tangram Advisory Services Private Limited. It is led by directors Vansh Mohan Gurnani and Priyaa Mohan Gurnani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sector 17, Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.98 Cr, a growth of 106% compared to the previous year. For the same year it recorded a net profit of ₹90.1 Lakh (net margin 12.9%) and EBITDA of ₹2.92 Cr (EBITDA margin 41.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 203% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.28 Cr and satisfied charges of ₹12.25 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qedtangram.com.
Company details
Name history
Qed Tangram Advisory Services has undergone 2 name changes throughout its history. The company was previously known as Adicent Research & Advisory Services Private Limited, and Dun & Bradstreet Tangram Advisory Services Private Limited. The current legal name is Qed Tangram Advisory Services Private Limited.
| Company Name | Status |
|---|---|
| Qed Tangram Advisory Services Private Limited | Current |
| Adicent Research & Advisory Services Private Limited | Previous |
| Dun & Bradstreet Tangram Advisory Services Private Limited | Previous |
Contact details
Qed Tangram Advisory Services Private Limited's registered office is in Thane, Maharashtra. Its website is qedtangram.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No 1803 The Affairs Sector 17, Plot No 9 Palm Beach Road Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Qed Tangram Advisory Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Qed Tangram Advisory Services is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities and advertising and market research. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities | |
| M | Professional, scientific and technical activities | 73 | Advertising and market research |
To see the full business activity and turnover split of Qed Tangram Advisory Services Private Limited, buy the company report.
Financials of Qed Tangram Advisory Services Private Limited
FY 2025 filings availableQed Tangram Advisory Services Private Limited reported revenue of ₹6.98 Cr (up 106% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 203% over five years, including 106% growth 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 | ₹2.92 Cr | ||||
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| Net Profit (PAT) | ₹90.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 41.9% | ||||
| Net Profit Margin | 12.9% | ||||
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To see the full financial statements and ratios of Qed Tangram Advisory Services Private Limited, buy the company report.
Board of directors of Qed Tangram Advisory Services Private Limited
Qed Tangram Advisory Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vansh Mohan Gurnani Also directs: Moraj As Refreshments LLP, Moraj Buildcon Private Limited, Moraj Infratech Private Limited and 1 more | Director | 02 Sep 2021 | 5 Years 1 Months | Current |
| Priyaa Mohan Gurnani Also directs: Moraj Ahn Developers LLP, Moraj As Refreshments LLP, Moraj Patkon Consultants LLP and 5 more | Director | 16 Aug 2012 | 14 Years 2 Months | Current |
Auditor
Qed Tangram Advisory Services Private Limited is audited by SANJAY KABRA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY KABRA & ASSOCIATES | FY 2022 | 143082W |
Shareholding
The shareholding of Qed Tangram Advisory Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Qed Tangram Advisory Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2025 | 101139313 | Others | ₹2 Cr | Open | |
| 20 Sep 2024 | 100980741 | Others | ₹8.28 Cr | Open | |
| 06 Jun 2022 | 100587449 | Others | ₹11.25 Cr | Satisfied | |
| 19 Aug 2013 | 10452410 | State Bank of India | ₹1 Cr | Satisfied |
To see the full charge records of Qed Tangram Advisory Services Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Qed Tangram Advisory Services Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Disposed |
To see the full case history of Qed Tangram Advisory Services 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 Qed Tangram Advisory Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Qed Tangram Advisory Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Qed Tangram Advisory Services Private Limited, buy the company report.
Recent activity
Qed Tangram Advisory Services Private Limited has 8 board changes on record since 2012: 2 appointments and 6 cessations. The latest: Vansh Mohan Gurnani ceased to be Additional Director on 27 Sep 2021.
5 earlier events are in the company report.
Frequently asked questions
Qed Tangram Advisory Services is an active private limited company based in Thane, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 August 2012 (14+ years old) and is registered under CIN U74120MH2012PTC234532.
Qed Tangram Advisory Services has 2 current directors:
- Vansh Mohan Gurnani - Director
- Priyaa Mohan Gurnani - Director
The latest financial statements of Qed Tangram Advisory Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Qed Tangram Advisory Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Qed Tangram Advisory Services is U74120MH2012PTC234532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qed Tangram Advisory Services has 1 court case on record: 1 filed against it.
Qed Tangram Advisory Services was incorporated on 16 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Vansh Mohan Gurnani ceased to be Additional Director on 27 Sep 2021. Vansh Mohan Gurnani was appointed as Director on 02 Sep 2021. Hitesh Sethi ceased to be Director on 08 Nov 2017. Qed Tangram Advisory Services has 8 board changes on record in total.
Qed Tangram Advisory Services can be reached through the website qedtangram.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Qed Tangram Advisory Services is at Office No 1803 The Affairs Sector 17, Plot No 9 Palm Beach Road Navi Mumbai, Thane, Maharashtra, India – 400705.