Upvolve Business Solutions Private Limited
About Upvolve Business Solutions Private Limited
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Upvolve Business Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the software development and IT solutions segment of the software and technology sector. It was incorporated on 01 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2017PTC098528. Its GSTIN is 24AACCU1229N1ZA (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jay Kanubhai Shah and Bhartiben Pravinchandra Shah.
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 2024, the company reported a revenue of ₹5.87 Lakh, a growth of 127% compared to the previous year. For the same year it recorded a net profit of ₹16,346 (net margin 2.8%) and EBITDA of ₹56,396 (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Upvolve Business Solutions Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address1105 Addore Aspire Co. Comm. Service Soc. Ltd Addore Aspire University To Panjarapole, Road, Ahmedabad, Gujarat, India – 380015
- IndustrySoftware, Software Development, Software Publishing
To see the full contact details of Upvolve Business Solutions 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
Business activity
The main business activity of Upvolve Business Solutions is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Upvolve Business Solutions Private Limited, buy the company report.
Financials of Upvolve Business Solutions Private Limited
FY 2025 filings availableUpvolve Business Solutions Private Limited reported revenue of ₹5.87 Lakh (up 127% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 127% growth in the latest year. EBITDA rose 184% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹56,396 | ||||
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| Net Profit (PAT) | ₹16,346 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 9.6% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Upvolve Business Solutions Private Limited, buy the company report.
Board of directors of Upvolve Business Solutions Private Limited
Upvolve Business Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Kanubhai Shah | Director | 21 Mar 2018 | 8 Years 7 Months | Current |
| Bhartiben Pravinchandra Shah | Director | 01 Aug 2017 | 9 Years 3 Months | Current |
Peer comparison
Upvolve Business Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (accounting, book keeping and auditing activities, tax consultancy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mileage Consulting Private Limited | ₹5.95 Lakh (FY 2016) | -35.0% | Kolkata, West Bengal, India | |||
| Kpobiz Solutions Private Limited | ₹5.91 Lakh (FY 2025) | -71.0% | Mumbai, Maharashtra, India | |||
| Swift Accountech Private Limited | ₹5.91 Lakh (FY 2024) | 4.0% | Jaipur, Rajasthan, India | |||
| Fintaxlegal Private Limited | ₹5.88 Lakh (FY 2025) | 1861.0% | Noida, Uttar Pradesh, India | |||
| Wonderland Consultants OPC Private Limited | ₹5.88 Lakh (FY 2025) | -18.0% | Kullu, Himachal Pradesh, India | |||
| Upvolve Business Solutions Private Limitedthis company | ₹5.87 Lakh (FY 2024) | ₹16,346 | 2.8% | 127.0% | Ahmedabad, Gujarat, India | |
| Etea Business Solutions Private Limited | ₹5.86 Lakh (FY 2021) | Bengaluru, Karnataka, India | ||||
| Lekha Finserv Private Limited | ₹5.86 Lakh (FY 2025) | -81.0% | Dehradun, Uttarakhand, India | |||
| Udanta Solutions Private Limited | ₹5.85 Lakh (FY 2024) | -28.0% | Mumbai, Maharashtra, India | |||
| Hemang Agency Private Limited | ₹5.84 Lakh (FY 2025) | 1986.0% | Kolkata, West Bengal, India | |||
| K2d Multidisciplinary Services Private Limited | ₹5.84 Lakh (FY 2025) | -69.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Upvolve Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Upvolve Business Solutions 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 Upvolve Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Upvolve Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCU1229N1ZA | Gujarat | Active | 01 Oct 2020 |
To see the full GST registrations and return filing status of Upvolve Business Solutions Private Limited, buy the company report.
Recent activity
Upvolve Business Solutions Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Monika Kanubhai Shah ceased to be Director on 30 Mar 2018.
Frequently asked questions
Upvolve Business Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in software development, within the software industry. It was incorporated on 01 August 2017 (9+ years old) and is registered under CIN U72200GJ2017PTC098528.
Upvolve Business Solutions has 2 current directors:
- Jay Kanubhai Shah - Director
- Bhartiben Pravinchandra Shah - Director
The latest financial statements of Upvolve Business Solutions 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 2018 are in the company report.
The GSTIN of Upvolve Business Solutions is 24AACCU1229N1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Upvolve Business Solutions is U72200GJ2017PTC098528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upvolve Business Solutions was incorporated on 01 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Upvolve Business Solutions by revenue are Mileage Consulting Private Limited, Kpobiz Solutions Private Limited, Swift Accountech Private Limited, Fintaxlegal Private Limited, Wonderland Consultants OPC Private Limited and 5 more, all in the same principal business activity (accounting, book keeping and auditing activities, tax consultancy).
Monika Kanubhai Shah ceased to be Director on 30 Mar 2018. Jay Kanubhai Shah was appointed as Director on 21 Mar 2018. Bhartiben Pravinchandra Shah was appointed as Director on 01 Aug 2017.
The registered office of Upvolve Business Solutions is at 1105 Addore Aspire Co. Comm. Service Soc. Ltd Addore Aspire University To Panjarapole, Road, Ahmedabad, Gujarat, India – 380015.
Upvolve Business Solutions operates in the software industry, in the software development segment.
The compliance status of Upvolve Business Solutions is compliant as of 24 September 2026. The company is actively filing with the Registrar of Companies.
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