Sourceved Technologies Private Limited
About Sourceved Technologies Private Limited
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Sourceved Technologies Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC099372. Its GSTIN is 24AAZCS3156M1ZL (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.67 Lakh. It is led by directors including Devendrakumar Trikambhai Rupani and Dipak Kanaiyalal Patel.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.59 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹2.36 Cr (net margin 24.6%) and EBITDA of ₹3.72 Cr (EBITDA margin 38.8%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 51% over five years.
The company is associated with 1 brand: Sourceved.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
- Social Media
- Registered Address919 Z – One Nr. Avalon Hotel, Off. Sindhu Bahvan Road, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, Application Development & Software Solutions
- 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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Business Activity of Sourceved Technologies Private Limited
The main business activity of Sourceved Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Sourceved Technologies Private Limited FY 2025 filings available
Sourceved Technologies Private Limited reported revenue of ₹9.59 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sourceved Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 23% growth in the latest year. EBITDA rose 57% 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 of Sourceved Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.72 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.36 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sourceved Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 24.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sourceved Technologies are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Sourceved Technologies Private Limited
Sourceved Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tranzeal Technologies Private Limited | ₹9.7 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Pathankot, Punjab, India |
| Azoi Mobile Technologies Private Limited | ₹9.68 Cr (FY 2016) | •••• | •••• | 12.0% | •••• | Ahmedabad, Gujarat, India |
| Cadtrans Infotech Private Limited | ₹9.68 Cr (FY 2025) | •••• | •••• | -69.0% | •••• | Kolkata, West Bengal, India |
| Mtree Software Private Limited | ₹9.63 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Orca Radio Systems Private Limited | ₹9.59 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Sourceved Technologies Private Limited this company | ₹9.59 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Raqmiyat Information Technology Private Limited | ₹9.58 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Cataleya India Private Limited | ₹9.55 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Pune, Maharashtra, India |
| E2logy Software Solutions Private Limited | ₹9.54 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Ahmedabad, Gujarat, India |
| Patientbond India Private Limited | ₹9.51 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mohali, Punjab, India |
| Insoft Automation Private Limited | ₹9.5 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Sholinganallur, Chennai-600119, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Sourceved Technologies by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sourceved Technologies Private Limited
Sourceved Technologies Private Limited is audited by Punit Jaiswal & Associates for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Punit Jaiswal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sourceved Technologies Private Limited
Sourceved Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipak Kanaiyalal Patel Also directs: Sahana System Limited, Skyoceans Wifi Solutions Private Limited, Sahana Futurio Tech Limited and 5 more | Additional Director | 10 Feb 2025 | 1 Years 7 Months | Current |
| Pratik Ramjibhai Kakadia Also directs: Mapv Advisors LLP, Jahaan Consultancy Services LLP, Shree Rajeshwaranand Paper Mills Limited and 5 more | Additional Director | 10 Feb 2025 | 1 Years 7 Months | Current |
| Devendrakumar Trikambhai Rupani Also directs: Sourcedxp Technologies Private Limited | Director | 06 Oct 2017 | 9 Years 0 Months | Current |
Ownership and Shareholding of Sourceved Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sourceved Technologies Private Limited
Sourceved Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Sourceved Technologies Private Limited
Sourceved Technologies operates one associated brand: Sourceved. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers Sitecore development, CMS integration, AI, and Microsoft services to global clients. | sourceved.com |
Employees and EPFO Compliance at Sourceved Technologies Private Limited
Employment history and EPFO contributions of people linked to Sourceved Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Sourceved Technologies Private Limited
Sourceved Technologies Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Akta Devendrakumar Rupani ceased to be Director on 10 Feb 2025.
Credit Ratings, Litigation & Regulatory Alerts for Sourceved Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sourceved Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sourceved Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Sourceved Technologies Private Limited
Sourceved Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAZCS3156M1ZL | Gujarat | Active | 07 Dec 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sourceved Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Sourceved Technologies Private Limited
Sourceved Technologies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 October 2017 (9+ years old) and is registered under CIN U72900GJ2017PTC099372.
Sourceved Technologies reported revenue of ₹9.59 Cr for FY 2025 (up 23% YoY).
Sourceved Technologies has 3 current directors:
- Dipak Kanaiyalal Patel - Additional Director
- Pratik Ramjibhai Kakadia - Additional Director
- Devendrakumar Trikambhai Rupani - Director
Sourceved Technologies reported a net profit of ₹2.36 Cr (net margin 24.6%) and EBITDA of ₹3.72 Cr (EBITDA margin 38.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sourceved Technologies is 29% over three years and 51% over five years. In the latest year (FY 2025) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sourceved Technologies is 24AAZCS3156M1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Sourceved Technologies is U72900GJ2017PTC099372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sourceved Technologies was incorporated on 06 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sourceved Technologies by revenue are Tranzeal Technologies Private Limited, Azoi Mobile Technologies Private Limited, Cadtrans Infotech Private Limited, Mtree Software Private Limited, Orca Radio Systems Private Limited and 5 more, all in the Information Technology industry (Application Development).
Akta Devendrakumar Rupani ceased to be Director on 10 Feb 2025. Dipak Kanaiyalal Patel was appointed as Additional Director on 10 Feb 2025. Pratik Ramjibhai Kakadia was appointed as Additional Director on 10 Feb 2025. Sourceved Technologies has 4 board changes on record in total.
The registered office of Sourceved Technologies is at 919 Z – One Nr. Avalon Hotel, Off. Sindhu Bahvan Road, Ahmedabad, Gujarat, India – 380054.