MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-BR-26-0050846
Squaricle Innovations Private Limited - information technology in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.4 Cr
▼ 18% YoY
Net profit · FY 2025
₹2.63 Cr
Net margin 23.1%
EBITDA · FY 2025
₹3.53 Cr
EBITDA margin 31%
Authorised capital
₹45.58 Lakh
Registered with MCA
Paid-up capital
₹25.58 Lakh
Issued & subscribed
Open charges
₹1 Cr
Satisfied ₹28.26 Lakh
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Squaricle Innovations Private Limited
Data last updated:
Squaricle Innovations Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74120WB2008PTC122703. Its GSTIN is 19AADCB3622R1ZA (West Bengal). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹45.58 Lakh and a paid-up capital of ₹25.58 Lakh. It was formerly known as Bfa Marketing Private Limited and Oncisive Innovations Private Limited. It is led by directors Amit Agrawal and Sumit Agrawal.
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 Room No. F12 1st Floor Opposite Poddar Court 22B Rabindra Sarani, Kolkata, West Bengal, India – 700073.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.4 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 23.1%) and EBITDA of ₹3.53 Cr (EBITDA margin 31%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 10% over five years.
The company is associated with 1 brand: Squaricle. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹28.26 Lakh on record. Court records list 7 cases involving the company, including 7 filed by the company; 2 cases are pending.
Squaricle Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-BR-26-0050846). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website squaricle.in.
Company details
CIN U74120WB2008PTC122703
Registration Number 122703
Incorporation Date 16 February 2008
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-BR-26-0050846
Name history
Squaricle Innovations has undergone 5 name changes throughout its history. The current legal name is Squaricle Innovations Private Limited.
| Company Name | Status |
|---|---|
| Squaricle Innovations Private Limited | Current |
| Bfa Marketing Private Limited | Previous |
| Oncisive Innovations Private Limited | Previous |
| Bahar Financial Advisors Private Limited | Previous |
| Sqauricle Innovations Private Limited | Previous |
| Phoenix Innovations And Trade Private Limited | Previous |
Key People
Amit Agrawal Director Sumit Agrawal Director Recognitions & Rankings of Squaricle Innovations
Contact details
Squaricle Innovations Private Limited's registered office is in Kolkata, West Bengal. Its website is squaricle.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRoom No. F12 1st Floor Opposite Poddar Court 22B Rabindra Sarani, Kolkata, West Bengal, India – 700073
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Squaricle Innovations Private Limited, buy the company report.
Comprehensive company report
Squaricle Innovations 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
Squaricle Innovations operates one associated brand: Squaricle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, cloud services, auditing, integration, and security solutions for organizations. | squaricle.in |
Business activity
The main business activities of Squaricle Innovations are trade and professional, scientific and technical. In detail, this covers retail trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Squaricle Innovations Private Limited, buy the company report.
Financials of Squaricle Innovations Private Limited
FY 2024 filings availableSquaricle Innovations Private Limited reported revenue of ₹11.4 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹11.4 Cr ▼ 18%
Net profit · FY 2025
₹2.63 Cr margin 23.1%
EBITDA · FY 2025
₹3.53 Cr margin 31%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 33%
5 years · compounded
▼ 10%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 19%
5 years · compounded
▲ 7%
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 18% fall in the latest year. EBITDA rose 18% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.63 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31% | ||||
| Net Profit Margin | 23.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Squaricle Innovations Private Limited, buy the company report.
Board of directors of Squaricle Innovations Private Limited
Squaricle Innovations has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Agrawal Also directs: Aspran India Private Limited | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
| Sumit Agrawal | Director | 30 Sep 2015 | 11 Years 1 Months | Current |
Auditor
Squaricle Innovations Private Limited is audited by MKPS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MKPS & ASSOCIATES | FY 2023 | 302014E |
Shareholding
The shareholding of Squaricle Innovations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | 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 Squaricle Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
₹28.26 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101177757 | Others | ₹1 Cr | Open | |
| 12 Apr 2022 | 100559547 | Others | ₹1.05 Lakh | Satisfied | |
| 03 Mar 2022 | 100551845 | Others | ₹1.06 Lakh | Satisfied | |
| 02 Dec 2021 | 100520304 | Others | ₹11.55 Lakh | Satisfied | |
| 22 Jun 2021 | 100481045 | Others | ₹14.6 Lakh | Satisfied |
To see the full charge records of Squaricle Innovations Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Squaricle Innovations Private Limited has 7 court cases on record: 7 filed by Squaricle Innovations. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
7
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 2 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Filed by the company against The State of Bihar | Pending |
| Patna High Court | Court case (CWJC) | Filed by the company against The State of Bihar | Disposed |
| High Court | Appeal | Filed by the company | Disposed |
| Calcutta High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Squaricle Innovations 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 Squaricle Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Squaricle Innovations has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCB3622R1ZA | West Bengal | Active | 01 Jul 2017 |
| 10AADCB3622R1ZS | Bihar | Active | 02 May 2019 |
| 06AADCB3622R1ZH | Haryana | Active | 29 Mar 2022 |
To see the full GST registrations and return filing status of Squaricle Innovations Private Limited, buy the company report.
Recent activity
Squaricle Innovations Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Kunal Bansal ceased to be Additional Director on 30 Sep 2020.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101177757 was registered on 22 Aug 2025.
AGM
Squaricle Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Squaricle Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge registered on 12 Apr 2022 via Charge ID 100559547 with Others was fully satisfied on 21 Nov 2023.
Charges
A charge registered on 03 Mar 2022 via Charge ID 100551845 with Others was fully satisfied on 21 Nov 2023.
Charges
A charge registered on 02 Dec 2021 via Charge ID 100520304 with Others was fully satisfied on 08 Jul 2022.
Charges
A charge with Others amounted to Rs. 1.05 Lakh with Charge ID 100559547 was registered on 12 Apr 2022.
Charges
A charge registered on 22 Jun 2021 via Charge ID 100481045 with Others was fully satisfied on 31 Mar 2022.
Charges
A charge with Others amounted to Rs. 1.06 Lakh with Charge ID 100551845 was registered on 03 Mar 2022.
Charges
A charge with Others amounted to Rs. 11.55 Lakh with Charge ID 100520304 was registered on 02 Dec 2021.
Charges
A charge with Others amounted to Rs. 14.60 Lakh with Charge ID 100481045 was registered on 22 Jun 2021.
Ceased
Kunal Bansal ceased to be Additional Director.
9 earlier events are in the company report.
Frequently asked questions
Squaricle Innovations is an active private limited company based in Kolkata, West Bengal, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 February 2008 (18+ years old) and is registered under CIN U74120WB2008PTC122703.
Squaricle Innovations has 2 current directors:
- Amit Agrawal - Director
- Sumit Agrawal - Director
The latest financial statements of Squaricle Innovations 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 2015 are in the company report.
The GSTIN of Squaricle Innovations is 19AADCB3622R1ZA, registered in West Bengal. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 10AADCB3622R1ZS (Bihar), 06AADCB3622R1ZH (Haryana).
The CIN (Corporate Identification Number) of Squaricle Innovations is U74120WB2008PTC122703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Squaricle Innovations has 7 court cases on record: 7 filed by the company. 2 are pending.
Squaricle Innovations was incorporated on 16 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
Kunal Bansal ceased to be Additional Director on 30 Sep 2020. Mukul Gupta ceased to be Director on 27 Jan 2016. Aparna Gupta ceased to be Additional Director on 05 Oct 2015. Squaricle Innovations has 9 board changes on record in total.
Yes, Squaricle Innovations is registered as a small enterprise under Udyam registration (number: UDYAM-BR-26-0050846).
Squaricle Innovations can be reached through the website squaricle.in. Its registered office is in Kolkata, West Bengal, India.
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