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.
Company details
Contact details
Swiftace AI Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address58 – 14 – 94/1/4 Ff – 202 Merripalem Vuda Layout, Visakhapatnam, Andhra Pradesh, India – 530009
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Swiftace AI 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
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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Swiftace AI Private Limited, buy the company report.
Financials of Swiftace AI Private Limited
FY 2025 filings availableSwiftace AI Private Limited reported revenue of ₹4.79 Cr (up 219% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
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| EBITDA | ₹28.86 Lakh | ||||
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| Net Profit (PAT) | ₹11.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 6% | ||||
| Net Profit Margin | 2.3% | ||||
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To see the full financial statements and ratios of Swiftace AI Private Limited, buy the company report.
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
Swiftace AI Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| 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 Limitedthis company | ₹4.79 Cr (FY 2023) | ₹11.2 Lakh | 2.3% | 219.0% | 9 | Visakhapatnam, Andhra Pradesh, 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 | |||
| CKS Global Ventures Private Limited | ₹4.79 Cr (FY 2025) | -29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Swiftace AI Private Limited, buy the company report.
Auditor
Swiftace AI Private Limited is audited by Ahuja Valecha & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ahuja Valecha & Associates LLP | FY 2020 | 126791W/W100132 |
Legal cases
No court or tribunal cases involving Swiftace AI 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 Swiftace AI Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swiftace AI Private Limited has a workforce of 9 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Swiftace AI Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Aakash Rao Nallabothula Surya - Director
- Siddhant Ujjain - Director
The latest financial statements of Swiftace AI on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
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 3 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.
The registered office of Swiftace AI is at 58 – 14 – 9414 Ff – 202 Merripalem Vuda Layout, Visakhapatnam, Andhra Pradesh, India – 530009.
Swiftace AI operates in the information technology industry, in the application development and software solutions segment.