About Sovos Compliance Private Limited
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Sovos Compliance Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Ris Business Services Limited. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 13 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2019PTC334459. Its GSTIN is 27AAFCI5032C1ZZ (Maharashtra).
The company has an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹2.09 Cr. It was formerly known as Iris Logix Solutions Private Limited. It is led by directors including Jaydeep Madhukar Wakankar and Gautam Mahanti.
Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor Building Number 3 Mindspace IT Park, 7th Floor Building Number 3 Mindspace IT Park, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹15.45 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.47 Cr (net margin -28.9%) and EBITDA of -₹3.67 Cr (EBITDA margin -23.8%). Revenue has grown at a compounded annual rate (CAGR) of 209% over three years and 177% over five years.
The company is associated with 2 brands: Easy Way Bill and IRIS Business Services.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website easywaybill.in.
Company details
Contact details
Sovos Compliance Private Limited's registered office is in Thane, Maharashtra. Its website is easywaybill.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Building Number 3 Mindspace IT Park, Airoli East Navi Mumbai Maharashtra 400708 India, Thane, Maharashtra, India – 400708
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Sovos Compliance 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
Sovos Compliance operates two associated brands: Easy Way Bill and IRIS Business Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive e-way billing solutions for logistics operators. | easywaybill.in | |
| Regulatory technology and compliance software solutions are provided. | irisbusiness.com |
Business activity
The main business activity of Sovos Compliance is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Sovos Compliance Private Limited, buy the company report.
Financials of Sovos Compliance Private Limited
FY 2026 filings availableSovos Compliance Private Limited reported revenue of ₹15.45 Cr (up 1155% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 177% over five years. EBITDA fell 653% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Revenue | ₹15.45 Cr | ||||
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| EBITDA | -₹3.67 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹4.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | -23.8% | ||||
| Net Profit Margin | -28.9% | ||||
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To see the full financial statements and ratios of Sovos Compliance Private Limited, buy the company report.
Board of directors of Sovos Compliance Private Limited
Sovos Compliance has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaydeep Madhukar Wakankar Also directs: Veradigm India Private Limited | Director | 25 Aug 2026 | 0 Years 2 Months | Current |
| Gautam Mahanti | Director | 13 Dec 2019 | 6 Years 10 Months | Current |
| Justin Nicholas Pentz | Director | 05 Aug 2025 | 1 Years 3 Months | Current |
| Andrew Michael Hocking | Director | 15 May 2026 | 0 Years 5 Months | Current |
Auditor
Sovos Compliance Private Limited is audited by KKC & Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2026 | 105146W/W100621 |
Shareholding
The shareholding of Sovos Compliance Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sovos Compliance Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sovos Compliance 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 Sovos Compliance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sovos Compliance has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI5032C1ZZ | Maharashtra | Active | 27 Dec 2019 |
To see the full GST registrations and return filing status of Sovos Compliance Private Limited, buy the company report.
Recent activity
Sovos Compliance Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Jaydeep Madhukar Wakankar was appointed as Director on 25 Aug 2026.
Frequently asked questions
Sovos Compliance is an active private limited company based in Thane, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 13 December 2019 (7+ years old) and is registered under CIN U72900MH2019PTC334459.
Sovos Compliance has 4 current directors:
- Jaydeep Madhukar Wakankar - Director
- Gautam Mahanti - Director
- Justin Nicholas Pentz - Director
- Andrew Michael Hocking - Director
The latest financial statements of Sovos Compliance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Sovos Compliance is 27AAFCI5032C1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sovos Compliance is U72900MH2019PTC334459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovos Compliance was incorporated on 13 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Jaydeep Madhukar Wakankar was appointed as Director on 25 Aug 2026. Andrew Michael Hocking was appointed as Director on 15 May 2026. Justin Nicholas Pentz was appointed as Director on 05 Aug 2025. Sovos Compliance has 6 board changes on record in total.
Sovos Compliance can be reached through the website easywaybill.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Sovos Compliance is at 7th Floor Building Number 3 Mindspace IT Park, Airoli East Navi Mumbai Maharashtra 400708 India, Thane, Maharashtra, India – 400708.
Sovos Compliance operates in the information technology industry, in the software development and support services segment.
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