Startup India Government of India
Quation Solutions Private Limited - information technology in Lucknow, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.84 Cr
▲ 1296% YoY
Net profit · FY 2024
₹1.94 Cr
Net margin 9.3%
EBITDA · FY 2024
₹3.14 Cr
EBITDA margin 15.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
101
Provident fund records
About Quation Solutions Private Limited
Data last updated:
Quation Solutions Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 June 2022.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U72200UP2022PTC166064. Its GSTIN is 29AAACQ8369D1Z4 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Keerti Raghavendra Shet and Pranav Awasthi.
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 S 135 Sector – D Aliganj Scheme, Lucknow, Uttar Pradesh, India – 226024.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 9.3%) and EBITDA of ₹3.14 Cr (EBITDA margin 15.1%).
The company has about 101 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Quation. As per MCA filings, the company has open charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Quation Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0194697). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quation.in.
Company details
CIN U72200UP2022PTC166064
Registration Number 166064
Incorporation Date 20 June 2022
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0194697
Recognitions & Rankings of Quation Solutions
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0194697
Contact details
Quation Solutions Private Limited's registered office is in Lucknow, Uttar Pradesh. Its website is quation.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS 135 Sector – D Aliganj Scheme, Lucknow, Uttar Pradesh, India – 226024
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Quation Solutions Private Limited, buy the company report.
Comprehensive company report
Quation Solutions 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
Quation Solutions operates one associated brand: Quation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom data analytics to optimize operations and drive decisions for enterprises. | quation.in |
Business activity
The main business activity of Quation Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Quation Solutions Private Limited, buy the company report.
Financials of Quation Solutions Private Limited
FY 2024 filings availableQuation Solutions Private Limited reported revenue of ₹20.84 Cr (up 1296% YoY) for FY 2024.
Revenue · FY 2024
₹20.84 Cr ▲ 1296%
Net profit · FY 2024
₹1.94 Cr margin 9.3%
EBITDA · FY 2024
₹3.14 Cr margin 15.1%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹3.14 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.94 Cr | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 15.1% | |
| Net Profit Margin | 9.3% | |
| 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 | ||
To see the full financial statements and ratios of Quation Solutions Private Limited, buy the company report.
Board of directors of Quation Solutions Private Limited
Quation Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keerti Raghavendra Shet | Additional Director | 18 Nov 2025 | 0 Years 11 Months | Current |
| Pranav Awasthi | Additional Director | 03 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Quation Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Streebo Solutions Limited | ₹21.58 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| Infoworks Data Private Limited | ₹21.36 Cr (FY 2025) | -27.0% | Chennai, Tamil Nadu, India | |||
| Guhilot Enterprise Private Limited | ₹21.36 Cr (FY 2024) | 129.0% | Ahmedabad, Gujarat, India | |||
| SRJ Infojnana System Private Limited | ₹21.32 Cr (FY 2025) | 8.0% | Coimbatore, Tamil Nadu, India | |||
| Bigtoria Solutions Private Limited | ₹20.91 Cr (FY 2024) | 12.0% | Hyderabad, Telangana, India | |||
| Quation Solutions Private Limitedthis company | ₹20.84 Cr (FY 2024) | ₹1.94 Cr | 9.3% | 1296.0% | 101 | Lucknow, Uttar Pradesh, India |
| Gieom Business Solutions Private Limited | ₹20.53 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India | |||
| Progressive Digital Media Private Limited | ₹20.49 Cr (FY 2021) | -8.0% | Hyderabad, Telangana, India | |||
| Tenb Fintech Private Limited | ₹20.43 Cr (FY 2025) | 1491.0% | Haryana, India | |||
| Pink Lemonade Communications Private Limited | ₹20.41 Cr (FY 2024) | 3.0% | Bangalore, Karnataka, India | |||
| Vector97 Software and Service Private Limited | ₹20.37 Cr (FY 2024) | -36.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Quation Solutions Private Limited, buy the company report.
Auditor
Quation Solutions Private Limited is audited by SJH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SJH & CO | FY 2023 | 012106S |
Shareholding
The shareholding of Quation Solutions Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Quation Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Oct 2024 | 100996854 | Others | ₹2 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Quation Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Quation Solutions 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 Quation Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Quation Solutions Private Limited has a workforce of 101 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
101
Active EPFO establishments
1
Employee growth
248.28%
GST
Quation Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ8369D1Z4 | Karnataka | Active | 13 Jul 2022 |
To see the full GST registrations and return filing status of Quation Solutions Private Limited, buy the company report.
Recent activity
Quation Solutions Private Limited has 6 board changes on record since 2022: 4 appointments and 2 cessations. The latest: Puhup Promod Srivastav ceased to be Director on 19 Nov 2025.
Ceased
Puhup Promod Srivastav ceased to be Director.
Appointed
Keerti Raghavendra Shet was appointed as Additional Director.
Appointed
Pranav Awasthi was appointed as Additional Director.
Ceased
Deepak Raj Rangaraj ceased to be Director.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100996854 was registered on 18 Oct 2024.
AGM
Quation Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Quation Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur.
Appointed
Deepak Raj Rangaraj was appointed as Director.
Appointed
Puhup Promod Srivastav was appointed as Director.
Incorporation
20 Jun 2022
Quation Solutions Private Limited was registered on 20 Jun 2022 with Roc Kanpur & aged 4 years 4 months as per MCA records.
Frequently asked questions
Quation Solutions is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 June 2022 (4+ years old) and is registered under CIN U72200UP2022PTC166064.
Quation Solutions has 2 current directors:
- Keerti Raghavendra Shet - Additional Director
- Pranav Awasthi - Additional Director
The latest financial statements of Quation Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Quation Solutions is 29AAACQ8369D1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Quation Solutions is U72200UP2022PTC166064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quation Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Quation Solutions was incorporated on 20 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Quation Solutions by revenue are Streebo Solutions Limited, Infoworks Data Private Limited, Guhilot Enterprise Private Limited, SRJ Infojnana System Private Limited, Bigtoria Solutions Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Puhup Promod Srivastav ceased to be Director on 19 Nov 2025. Keerti Raghavendra Shet was appointed as Additional Director on 18 Nov 2025. Pranav Awasthi was appointed as Additional Director on 03 Jun 2025. Quation Solutions has 6 board changes on record in total.
Yes, Quation Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Quation Solutions is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0194697).
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