MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0219691
Ready Iq Software Labs Private Limited
Ready Iq Software Labs Private Limited - information technology in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹3.53 Lakh
▼ 60% YoY
Net loss · FY 2022
₹75,156
Net margin -21.3%
EBITDA · FY 2022
₹2.6 Lakh
EBITDA margin 73.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
of 3 registered
About Ready Iq Software Labs Private Limited
Data last updated:
Ready Iq Software Labs Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U72900RJ2016PTC055512. Its GSTIN is 27AAHCR8930N2ZN (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rakesh Choudhary and Ravindra Meena.
Its last annual general meeting (AGM) was held on 21 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at A33 – 34 Gokul Vatika Jawahar, Circle Jaipur, Rajasthan, India – 302017.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.53 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹75,156 (net margin -21.3%) and EBITDA of ₹2.6 Lakh (EBITDA margin 73.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 72% over five years.
The company is associated with 1 brand: RemitIQ.
Ready Iq Software Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0219691). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U72900RJ2016PTC055512
Registration Number 055512
Incorporation Date 18 July 2016
ROC Jaipur
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0219691
Key People
Rakesh Choudhary Director Ravindra Meena Director Recognitions & Rankings of Ready Iq Software Labs
Contact details
Ready Iq Software Labs Private Limited's registered office is in Jaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA33 – 34 Gokul Vatika Jawahar, Circle Jaipur, Rajasthan, India – 302017
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ready Iq Software Labs Private Limited, buy the company report.
Comprehensive company report
Ready Iq Software Labs 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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Secure checkout · GST invoice included
Brands
Ready Iq Software Labs operates one associated brand: RemitIQ. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a platform for comparing various money transfer services. | exchangerateiq.com |
Business activity
The main business activity of Ready Iq Software Labs is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ready Iq Software Labs Private Limited, buy the company report.
Financials of Ready Iq Software Labs Private Limited
FY 2023 filings availableReady Iq Software Labs Private Limited reported revenue of ₹3.53 Lakh (down 60% YoY) for FY 2022.
Revenue · FY 2022
₹3.53 Lakh ▼ 60%
Net loss · FY 2022
₹75,156 margin -21.3%
EBITDA · FY 2022
₹2.6 Lakh margin 73.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 9%
5 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 101%
5 years · compounded
▲ 54%
Revenue fell 60% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 72%. EBITDA fell 21% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.53 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹75,156 | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73.4% | ||||
| Net Profit Margin | -21.3% | ||||
| 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 Ready Iq Software Labs Private Limited, buy the company report.
Board of directors of Ready Iq Software Labs Private Limited
Ready Iq Software Labs has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Choudhary | Director | 14 Dec 2023 | 2 Years 11 Months | Current |
| Ravindra Meena Also directs: Solowonder IT Solution Private Limited | Director | 14 Dec 2023 | 2 Years 11 Months | Current |
Auditor
Ready Iq Software Labs Private Limited is audited by R S LODHA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S LODHA & ASSOCIATES | FY 2022 | 009396C |
Shareholding
The shareholding of Ready Iq Software Labs 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 Ready Iq Software Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ready Iq Software Labs 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 Ready Iq Software Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ready Iq Software Labs has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCR8930N2ZN | Maharashtra | Active | 30 Jun 2023 |
To see the full GST registrations and return filing status of Ready Iq Software Labs Private Limited, buy the company report.
Recent activity
Ready Iq Software Labs Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Pappu Rebari ceased to be Director on 14 Dec 2023.
Ceased
Pappu Rebari ceased to be Director.
Appointed
Rakesh Choudhary was appointed as Director.
Appointed
Ravindra Meena was appointed as Director.
Ceased
Shyam Jatiya ceased to be Director.
AGM
Ready Iq Software Labs Private Limited last Annual general meeting of members was held on 21 Nov 2023 as per latest MCA records.
Filing
Ready Iq Software Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Jaipur.
Ceased
Mukesh Kothari ceased to be Director.
Ceased
Manish Kothari ceased to be Director.
Ceased
Shaphali Deepak Bapna ceased to be Director.
Ceased
Shyam Sunder Verma ceased to be Director.
Incorporation
18 Jul 2016
Ready Iq Software Labs Private Limited was registered on 18 Jul 2016 with Roc Jaipur & aged 10 years 3 months as per MCA records.
Frequently asked questions
Ready Iq Software Labs is an active private limited company based in Jaipur, Rajasthan, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 July 2016 (10+ years old) and is registered under CIN U72900RJ2016PTC055512.
Ready Iq Software Labs has 2 current directors:
- Rakesh Choudhary - Director
- Ravindra Meena - Director
The latest financial statements of Ready Iq Software Labs on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 21 November 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ready Iq Software Labs is 27AAHCR8930N2ZN, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ready Iq Software Labs is U72900RJ2016PTC055512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ready Iq Software Labs was incorporated on 18 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Jaipur.
Pappu Rebari ceased to be Director on 14 Dec 2023. Rakesh Choudhary was appointed as Director on 14 Dec 2023. Ravindra Meena was appointed as Director on 14 Dec 2023. Ready Iq Software Labs has 8 board changes on record in total.
Yes, Ready Iq Software Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0219691).
The registered office of Ready Iq Software Labs is at A33 – 34 Gokul Vatika Jawahar, Circle Jaipur, Rajasthan, India – 302017.
Ready Iq Software Labs operates in the information technology industry, in the application development and software solutions segment.
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