About Version Systems Private Limited
Data last updated:
Version Systems Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2005PTC154579. Its GSTIN is 27AAACF9569L1ZY (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Fortune Outsource and Services Private Limited. It is led by directors Nirajkumar Ramniklal Karelia and Aniruddh Kamleshkumar Nagodra.
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 Office No.19 Balaji Towers Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.76 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 5.6%) and EBITDA of ₹2.32 Cr (EBITDA margin 9%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 25% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: factoHR, HRPlug and Version Systems. As per MCA filings, the company has satisfied charges of ₹1.17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website versionsystems.com.
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- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No.19 Balaji Towers Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- 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
Business Activity of Version Systems Private Limited
The main business activity of Version Systems is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Version Systems Private Limited FY 2025 filings available
Version Systems Private Limited reported revenue of ₹25.76 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Version Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 12% growth in the latest year. EBITDA rose 10% 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 Version Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.43 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Version Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
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 Version Systems are in the company report.
Financial statements from 2015
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.
Peer Comparison of Version Systems Private Limited
Version Systems Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing, Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tarang Software Technologies Private Limited | •••• | •••• | •••• | •••• | 132 | Bangalore, Karnataka, India |
| Bhaarti HR Solutions Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Staedean Solutions Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Indusion Consulting Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Polycab Support Force Private Limited | •••• | •••• | •••• | •••• | 712 | Halol, Gujarat, India |
| Version Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Paramtech Engineering Services Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Humanix Logistics Private Limited | •••• | •••• | •••• | •••• | - | Kochi, Kerala, India |
| Silver Leaf Solutions Private Limited | •••• | •••• | •••• | •••• | 29 | Gurgaon, Haryana, India |
| Kamadhenu Outsourcing Private Limited | •••• | •••• | •••• | •••• | - | Anantapur, Andhra Pradesh, India |
| Ashokkumar Projects India Private Limited | •••• | •••• | •••• | •••• | - | Porbandar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Version Systems by revenue in the Outsourcing industry (HR Outsourcing, Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Version Systems Private Limited
Version Systems Private Limited is audited by D. N. KAPADIA AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D. N. KAPADIA AND CO | 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.
Board of Directors of Version Systems Private Limited
Version Systems 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 |
|---|---|---|---|---|
| Nirajkumar Ramniklal Karelia Also directs: Statusq Apps LLP, Mwci Internet Services Private Limited | Director | 02 May 2006 | 20 Years 5 Months | Current |
| Aniruddh Kamleshkumar Nagodra Also directs: Statusq Apps LLP, Mwci Internet Services Private Limited | Director | 02 May 2006 | 20 Years 5 Months | Current |
Ownership and Shareholding of Version Systems 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 Version Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Mar 2021 | Others | ₹14 Lakh | Satisfied |
| 02 Mar 2021 | Others | ₹14 Lakh | Satisfied |
| 19 Mar 2013 | Hdfc Bank Limited | ₹89 Lakh | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Version Systems Private Limited
Version Systems operates multiple associated brands including factoHR, HRPlug, and Version Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides cloud-based HR tools for payroll, attendance, and employee management services. | factohr.com | |
| Provides human resource management software for businesses. | hrplug.com | |
| Provides HRMS and payroll software with retirement benefits outsourcing for enterprises. | versionsystems.com |
Employees and EPFO Compliance at Version Systems Private Limited
Version Systems Private Limited has a workforce of 17 employees as of Mar 29, 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 Version Systems Private Limited
Version Systems Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Kamlesh Jayantilal Nagodra ceased to be Director on 31 Mar 2022.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Version Systems 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 Version Systems 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 Version Systems 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 Version Systems Private Limited
Version Systems has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF9569L1ZY | Maharashtra | Active | 01 Jul 2017 |
| 24AAACF9569L2Z3 | Gujarat | Active | 01 Jul 2017 |
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 Version Systems 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.
Frequently Asked Questions about Version Systems Private Limited
Version Systems is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 July 2005 (21+ years old) and is registered under CIN U74990MH2005PTC154579.
Version Systems reported revenue of ₹25.76 Cr for FY 2025 (up 12% YoY).
Version Systems has 2 current directors:
- Nirajkumar Ramniklal Karelia - Director
- Aniruddh Kamleshkumar Nagodra - Director
Version Systems reported a net profit of ₹1.43 Cr (net margin 5.6%) and EBITDA of ₹2.32 Cr (EBITDA margin 9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Version Systems is 25% over three years and 25% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Version Systems is 27AAACF9569L1ZY, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACF9569L2Z3 (Gujarat).
The CIN (Corporate Identification Number) of Version Systems is U74990MH2005PTC154579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Version Systems was incorporated on 07 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Version Systems by revenue are Tarang Software Technologies Private Limited, Bhaarti HR Solutions Private Limited, Staedean Solutions Private Limited, Indusion Consulting Services Private Limited, Polycab Support Force Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing, Software Services).
Kamlesh Jayantilal Nagodra ceased to be Director on 31 Mar 2022. Aniruddh Kamleshkumar Nagodra was appointed as Director on 02 May 2006. Nirajkumar Ramniklal Karelia was appointed as Director on 02 May 2006.
Version Systems can be reached through the website versionsystems.com. Its registered office is in Navi Mumbai, Maharashtra, India.