MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0020168
Qodenext India Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹227.95 Cr
▲ 24% YoY
Net profit · FY 2025
₹4.61 Cr
Net margin 2%
EBITDA · FY 2025
₹8.94 Cr
EBITDA margin 3.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹41.5 Lakh
Issued & subscribed
Open charges
₹27.91 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
300
Provident fund records
About Qodenext India Private Limited
Data last updated:
Qodenext India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2018PTC304610. Its GSTIN is 27AAACQ5169M1ZX (Maharashtra). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.5 Lakh. It is led by directors including Narasimha Subramanian and Sameer Shashikant Parekh.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at E 801 Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹227.95 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹4.61 Cr (net margin 2%) and EBITDA of ₹8.94 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 15% over five years.
The company has about 300 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: QodeNext. As per MCA filings, the company has open charges of ₹27.91 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40.5 Lakh; the latest was in March 2023. Its 10 peer companies in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Banco Gaskets (India) Limited with revenue of ₹228.84 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 267 overdue payments to 35 micro and small suppliers.
Qodenext India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0020168). For more details, the company can be reached via its website qodenext.com.
Company details
CIN U29309MH2018PTC304610
Registration Number 304610
Incorporation Date 23 January 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0020168
Key People
Narasimha Subramanian Director Sameer Shashikant Parekh Director Bhavin Chandrakant Kothari Director Recognitions & Rankings of Qodenext India
Contact details
Qodenext India Private Limited's registered office is in Mumbai, Maharashtra. Its website is qodenext.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE 801 Lotus Corporate Park Jay Coach Lane Off. Western Express Highway Goregoan E, Ast, Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Qodenext India Private Limited, buy the company report.
Comprehensive company report
Qodenext 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
Qodenext India operates one associated brand: QodeNext. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT-based technology, consulting, and services are provided. | qodenext.com |
Business activity
The main business activities of Qodenext India are manufacturing, trade and information and communication. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, retail trading and other information & communication service activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G2 | Retail Trading | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Qodenext India Private Limited, buy the company report.
Financials of Qodenext India Private Limited
FY 2025 filings availableQodenext India Private Limited reported revenue of ₹227.95 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹227.95 Cr ▲ 24%
Net profit · FY 2025
₹4.61 Cr margin 2%
EBITDA · FY 2025
₹8.94 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 17%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 143%
3 years · compounded
▼ 1%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 24% growth in the latest year. EBITDA rose 143% 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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| Total Expenses | |||||
| EBITDA | ₹8.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.61 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 3.9% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Qodenext India Private Limited, buy the company report.
Board of directors of Qodenext India Private Limited
Qodenext India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimha Subramanian Also directs: Qode.Ai India Private Limited, Ide Infotech Private Limited, Essaetec Family LLP and 3 more | Director | 25 Jan 2018 | 8 Years 8 Months | Current |
| Sameer Shashikant Parekh Also directs: Intellicon Private Limited, Qode.Ai India Private Limited, Ide Infotech Private Limited and 1 more | Director | 25 Jan 2018 | 8 Years 8 Months | Current |
| Bhavin Chandrakant Kothari Also directs: Qode.Ai India Private Limited, Interpack Trays Private Limited, Shreyans Investments P Ltd. and 1 more | Director | 01 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Qodenext India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Banco Gaskets (India) Limited | ₹228.84 Cr (FY 2025) | 12.0% | Vadodara, Gujarat, India | |||
| Deccan Mechanical and Chemical Industries Private Limited | ₹228.37 Cr (FY 2025) | 29.0% | Maharashtra, India | |||
| Mectech Process Engineers Private Limited | ₹228.15 Cr (FY 2025) | 64.0% | New Delhi, Delhi, India | |||
| Rieco Industries Limited | ₹228.12 Cr (FY 2025) | -28.0% | Pune, Maharashtra, India | |||
| Ycube Engineered Solutions Private Limited | ₹228.1 Cr (FY 2025) | 91.0% | New Delhi, Delhi, India | |||
| Qodenext India Private Limitedthis company | ₹227.95 Cr (FY 2025) | ₹4.61 Cr | 2% | 24.0% | 300 | Mumbai, Maharashtra, India |
| Shirodkar Preci Comp Private Limited | ₹227.51 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| Newage Fire Fighting Company Limited | ₹227.44 Cr (FY 2025) | -15.0% | Surendranagar, Gujarat, India | |||
| Adage Automation Private Limited | ₹227.42 Cr (FY 2025) | 23.0% | Navi Mumbai, Maharashtra, India | |||
| Mecc Alte India Private Limited | ₹227.23 Cr (FY 2025) | -22.0% | Shirur, Maharashtra, India | |||
| Ampo Valves India Private Limited | ₹226.02 Cr (FY 2022) | -24.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Qodenext India Private Limited, buy the company report.
Auditor
Qodenext India Private Limited is audited by N. A. Shah Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2023 | 116560W/W100149 |
Shareholding
The shareholding of Qodenext 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 Qodenext India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.91 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2024 | 101049176 | Others | ₹20 Cr | Open | |
| 30 Sep 2018 | 100210169 | Hdfc Bank Limited | ₹7.91 Cr | Open |
To see the full charge records of Qodenext India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Qodenext India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40.5 Lakh; the latest was in March 2023.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹40.5 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Essaetec Family LLP , an individual |
| Mar 2018 | Funding round | ₹40.5 Lakh | Investors: Essaetec Family LLP , 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Essaetec Family LLP , 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Qodenext India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Qodenext India Private Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 267 overdue payments to 35 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 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Zigma Cabin Private Limited | |||
| Perfect Rfid Technologies Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Qodenext India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Qodenext India Private Limited has a workforce of 300 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
300
Active EPFO establishments
1
Employee growth
7.14%
GST
Qodenext India has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
8
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACQ5169M1ZX | Maharashtra | Active | 23 Apr 2018 |
| 24AAACQ5169M1Z3 | Gujarat | Active | 04 Apr 2018 |
| 29AAACQ5169M1ZT | Karnataka | Active | 08 Apr 2018 |
| 07AAACQ5169M1ZZ | Delhi | Active | 15 May 2018 |
To see the full GST registrations and return filing status of Qodenext India Private Limited, buy the company report.
Recent activity
Qodenext India Private Limited has 6 board changes on record since 2018: 3 appointments and 3 cessations. The latest: Bhavin Chandrakant Kothari ceased to be Additional Director on 29 Sep 2020.
AGM
Qodenext India Private Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 2,000.00 Lakh registered on 27 Dec 2024 with Charge ID 101049176 was modified on 24 Apr 2025.
Filing
Qodenext India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 2,000.00 Lakh with Charge ID 101049176 was registered on 27 Dec 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 791.44 Lakh registered on 30 Sep 2018 with Charge ID 100210169 was modified on 28 Dec 2023.
Ceased
Bhavin Chandrakant Kothari ceased to be Additional Director.
Appointed
Bhavin Chandrakant Kothari was appointed as Director.
Ceased
Jay Bhavin Kothari ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 791.44 Lakh with Charge ID 100210169 was registered on 30 Sep 2018.
Ceased
Bela Bhavin Kothari ceased to be Director.
Appointed
Narasimha Subramanian was appointed as Director.
Appointed
Sameer Shashikant Parekh was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Qodenext India is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 January 2018 (8+ years old) and is registered under CIN U29309MH2018PTC304610.
Qodenext India has 3 current directors:
- Narasimha Subramanian - Director
- Sameer Shashikant Parekh - Director
- Bhavin Chandrakant Kothari - Director
The latest financial statements of Qodenext India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Qodenext India is 27AAACQ5169M1ZX, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACQ5169M1Z3 (Gujarat), 29AAACQ5169M1ZT (Karnataka), 07AAACQ5169M1ZZ (Delhi).
The CIN (Corporate Identification Number) of Qodenext India is U29309MH2018PTC304610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qodenext India was incorporated on 23 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Qodenext India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40.5 Lakh; the latest was in March 2023.
The peers of Qodenext India by revenue are Banco Gaskets (India) Limited, Deccan Mechanical and Chemical Industries Private Limited, Mectech Process Engineers Private Limited, Rieco Industries Limited, Ycube Engineered Solutions Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Bhavin Chandrakant Kothari ceased to be Additional Director on 29 Sep 2020. Bhavin Chandrakant Kothari was appointed as Director on 01 Sep 2020. Jay Bhavin Kothari ceased to be Director on 31 Aug 2020. Qodenext India has 6 board changes on record in total.
Yes, Qodenext India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0020168).
Qodenext India has 10 MSME Form 1 returns on record between 2020 and 2024, listing 267 overdue payments to 35 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Qodenext India can be reached through the website qodenext.com. Its registered office is in Mumbai, Maharashtra, India.