About Swiftace AI Private Limited
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Swiftace AI Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Swiftace Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2019PTC110234. Its GSTIN is 37ABBCS4224M1Z5 (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Aakash Rao Nallabothula Surya and Siddhant Ujjain.
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 58 – 14 – 94/1/4 Ff – 202 Merripalem Vuda Layout, Visakhapatnam, Andhra Pradesh, India – 530009.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.79 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.2 Lakh (net margin 2.3%) and EBITDA of ₹28.86 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jovian.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jovian.ai.
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- Registered Address58 – 14 – 94/1/4 Ff – 202 Merripalem Vuda Layout, Visakhapatnam, Andhra Pradesh, India – 530009
- 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
- One PDF report, delivered after checkout
Associated Brands with Swiftace AI Private Limited
Swiftace AI operates one associated brand: Jovian. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online courses and certifications for IT professionals are provided. | jovian.com |
Business Activity of Swiftace AI Private Limited
The main business activity of Swiftace AI 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 Swiftace AI Private Limited FY 2025 filings available
Swiftace AI Private Limited reported revenue of ₹4.79 Cr (up 219% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Swiftace AI Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 80% over three years, including 219% growth in the latest year. EBITDA rose 14% 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 Swiftace AI Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹28.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.2 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Swiftace AI Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Swiftace AI are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Swiftace AI Private Limited
Swiftace AI has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aakash Rao Nallabothula Surya Also directs: Swiftace Technologies Private Limited | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Siddhant Ujjain Also directs: Swiftace Technologies Private Limited | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
Peer Comparison of Swiftace AI Private Limited
Swiftace AI Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saffroncoin Solutions Private Limited | ₹4.8 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Bangalore, Karnataka, India |
| Veloces Consulting Services Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
| JSD Medical Business Management Services Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Ecobillz Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Belgaum, Karnataka, India |
| Fortunesoft IT Innovations Private Limited | ₹4.79 Cr (FY 2023) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Swiftace AI Private Limited this company | ₹4.79 Cr (FY 2023) | •••• | •••• | 219.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Traverze Consultancy Solutions Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Justbaat Mediatech Private Limited | ₹4.79 Cr (FY 2024) | •••• | •••• | 143.0% | •••• | Lucknow, Uttar Pradesh, India |
| Aurus IT Solutions Private Limited | ₹4.79 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Oasis Technosoft Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| CKS Global Ventures Private Limited | ₹4.79 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Swiftace AI by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Swiftace AI Private Limited
Swiftace AI Private Limited is audited by Ahuja Valecha & Associates LLP for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ahuja Valecha & Associates LLP | 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.
Ownership and Shareholding of Swiftace AI 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 Swiftace AI Private Limited
Swiftace AI Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Swiftace AI Private Limited
Swiftace AI Private Limited has a workforce of 9 employees as of Mar 22, 2024.
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 Swiftace AI Private Limited
Swiftace AI Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Aakash Rao Nallabothula Surya was appointed as Director on 14 Jan 2019.
Credit Ratings, Litigation & Regulatory Alerts for Swiftace AI 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 Swiftace AI 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 Swiftace AI 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 Swiftace AI Private Limited
Swiftace AI has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37ABBCS4224M1Z5 | Andhra Pradesh | Active | 02 Feb 2019 |
| 29ABBCS4224M1Z2 | Karnataka | Active | 31 Aug 2019 |
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 Swiftace AI 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.
Related news about Swiftace AI Private Limited
Frequently Asked Questions about Swiftace AI Private Limited
Swiftace AI is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 January 2019 (7+ years old) and is registered under CIN U72900AP2019PTC110234.
Swiftace AI reported revenue of ₹4.79 Cr for FY 2023 (up 219% YoY).
Swiftace AI has 2 current directors:
- Aakash Rao Nallabothula Surya - Director
- Siddhant Ujjain - Director
Swiftace AI reported a net profit of ₹11.2 Lakh (net margin 2.3%) and EBITDA of ₹28.86 Lakh (EBITDA margin 6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Swiftace AI is 80% over three years. In the latest year (FY 2023) revenue rose 219%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Swiftace AI is 37ABBCS4224M1Z5, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29ABBCS4224M1Z2 (Karnataka).
The CIN (Corporate Identification Number) of Swiftace AI is U72900AP2019PTC110234. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swiftace AI was incorporated on 14 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Swiftace AI by revenue are Saffroncoin Solutions Private Limited, Veloces Consulting Services Private Limited, JSD Medical Business Management Services Private Limited, Ecobillz Private Limited, Fortunesoft IT Innovations Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Aakash Rao Nallabothula Surya was appointed as Director on 14 Jan 2019. Siddhant Ujjain was appointed as Director on 14 Jan 2019.
Swiftace AI can be reached through the website jovian.ai. Its registered office is in Visakhapatnam, Andhra Pradesh, India.