About Reach Ajcon Technologies Private Limited
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Reach Ajcon Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 10 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC251917. Its GSTIN is 27AAGCR7615B1ZI (Maharashtra).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹19.71 Lakh. It was formerly known as Reach Ajcon Wealth Management Private Limited and Reach Wealth Management Private Limited. It is led by directors including Narayanan Arakonimadom Suryanarayanan and Anuj Ajmera Ashok.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.67 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹44.69 Lakh and EBITDA of -₹44.44 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 48% over five years.
The company is associated with 2 brands: McXtra and Reach Ajcon. The company has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹10.64 Cr; the latest was in January 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reachajcon.com.
Company details
Name history
Reach Ajcon Technologies has undergone 4 name changes throughout its history. The current legal name is Reach Ajcon Technologies Private Limited.
| Company Name | Status |
|---|---|
| Reach Ajcon Technologies Private Limited | Current |
| Reach Ajcon Wealth Management Private Limited | Previous |
| Reach Wealth Management Private Limited | Previous |
| Mcxtra Corporation Private Limited | Previous |
| Mcxtra Technologies Private Limited | Previous |
CIN history
Reach Ajcon Technologies has one previous CIN (Corporate Identification Number): U74900MH2014PTC251917. The current CIN is U74999MH2014PTC251917, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2014PTC251917 | Current |
| U74900MH2014PTC251917 | Previous |
Contact details
Reach Ajcon Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is reachajcon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. G005 Malad Express Zone Premises Cooperative Society Ltd. C.T.S. No. 1B/B(Part) 1B/2 1B/3 1B/4 1B/5, Off Village Dindoshi And C.T.S. No. 581/C(Part) 581/D, Mumbai, Maharashtra, India – 400063
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Reach Ajcon Technologies 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
Brands
Reach Ajcon Technologies operates two associated brands: McXtra and Reach Ajcon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Insurance-agnostic policy management app | mcxtra.com | |
| Business strategy, financial advisory, and insurance consulting services are offered. | reachajcon.com |
Business activity
The main business activity of Reach Ajcon Technologies is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Reach Ajcon Technologies Private Limited, buy the company report.
Financials of Reach Ajcon Technologies Private Limited
FY 2025 filings availableReach Ajcon Technologies Private Limited reported revenue of ₹1.67 Lakh (down 77% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 77% fall 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
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| EBITDA | -₹44.44 Lakh | ||||
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| Net Profit (PAT) | -₹44.69 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Reach Ajcon Technologies Private Limited, buy the company report.
Board of directors of Reach Ajcon Technologies Private Limited
Reach Ajcon Technologies has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanan Arakonimadom Suryanarayanan | Director | 10 Jan 2014 | 12 Years 9 Months | Current |
| Anuj Ajmera Ashok Also directs: Ajcon Global Services Ltd, Kanchanmanik Securities Private Limited, Ajcon Finance Limited and 5 more | Director | 01 Nov 2019 | 7 Years 0 Months | Current |
| Ashok Ajmera Kumar Also directs: Ajcon Global Services Ltd, Kanchanmanik Securities Private Limited, Ajcon Finance Limited and 5 more | Director | 31 Mar 2014 | 12 Years 7 Months | Current |
Auditor
Reach Ajcon Technologies Private Limited is audited by Atul Donde & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Atul Donde & Co | FY 2022 | 039227 |
Shareholding
The shareholding of Reach Ajcon Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Reach Ajcon Technologies Private Limited, buy the company report.
Deals & funding
Reach Ajcon Technologies Private Limited has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹10.64 Cr; the latest was in January 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Funding round | ₹12.8 Lakh | Investors: 2 individuals |
| Sep 2018 | Funding round | ₹8.47 Cr | Investors: Felix Retail Creations Private Limited , 3 individuals |
| Nov 2017 | Funding round | ₹69.8 Lakh | Investors: an individual |
| Oct 2016 | Funding round | ₹15 Lakh | Investors: an individual |
| Apr 2015 | Funding round | ₹67.5 Lakh | Investors: Ajcon Finance Limited , Ajcon IT Com Limited |
To see the full deal history of Reach Ajcon Technologies Private Limited, buy the company report.
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 Reach Ajcon Technologies 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
No delayed payments to MSME suppliers are on our record for Reach Ajcon Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reach Ajcon Technologies Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
GST
Reach Ajcon Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCR7615B1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reach Ajcon Technologies Private Limited, buy the company report.
Recent activity
Reach Ajcon Technologies Private Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Mohan Vasant Tanksale ceased to be Director on 28 Feb 2022.
1 earlier event is in the company report.
Frequently asked questions
Reach Ajcon Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 10 January 2014 (12+ years old) and is registered under CIN U74999MH2014PTC251917.
Reach Ajcon Technologies has 3 current directors:
- Narayanan Arakonimadom Suryanarayanan - Director
- Anuj Ajmera Ashok - Director
- Ashok Ajmera Kumar - Director
The latest financial statements of Reach Ajcon Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Reach Ajcon Technologies is 27AAGCR7615B1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Reach Ajcon Technologies is U74999MH2014PTC251917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reach Ajcon Technologies was incorporated on 10 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Reach Ajcon Technologies has 8 deals on record (6 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹10.64 Cr; the latest was in January 2019.
Mohan Vasant Tanksale ceased to be Director on 28 Feb 2022. Ankit Ajmera Ashok ceased to be Additional Director on 30 Sep 2020. Anuj Ajmera Ashok ceased to be Additional Director on 30 Sep 2020. Reach Ajcon Technologies has 10 board changes on record in total.
Reach Ajcon Technologies can be reached through the website reachajcon.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Reach Ajcon Technologies is at Unit No. G005 Malad Express Zone Premises Cooperative Society Ltd. C.T.S. No. 1BBPart 1B2 1B3 1B4 1B5, Off Village Dindoshi And C.T.S. No. 581CPart 581D, Mumbai, Maharashtra, India – 400063.
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