About Verve Systems Private Limited
Data last updated:
Verve Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2009PTC056967. Its GSTIN is 24AACCV9983E1ZZ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chirendu Gupta and Pranita Chirendu Gupta.
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 A2 – 703 Green Acres Opp. Auda Lake Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.51 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Lakh (net margin 0.4%) and EBITDA of ₹16.87 Lakh (EBITDA margin 4.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Verve Systems, Cognitio Design and Offshore Mobile. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vervesys.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA2 – 703 Green Acres Opp. Auda Lake Prahladnagar, Ahmedabad, Gujarat, India – 380015
- 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 Verve Systems Private Limited
Verve Systems operates multiple associated brands including Verve Systems, Cognitio Design, and Offshore Mobile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom software development, outsourcing, and mobile app services globally. | vervesys.com | |
| Branding and UX design agency specializing in web and mobile development services. | cognitiodesign.com | |
| Software development and consulting services are provided in mobile apps, game development, and IT solutions. | offshoremobiledevelopment.com |
Business Activity of Verve Systems Private Limited
The main business activity of Verve 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 Verve Systems Private Limited FY 2025 filings available
Verve Systems Private Limited reported revenue of ₹3.51 Cr (down 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Verve Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 9% fall in the latest year. EBITDA fell 53% 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 Verve Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹16.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.42 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Verve Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Verve 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.
Board of Directors of Verve Systems Private Limited
Verve Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirendu Gupta | Director | 18 May 2009 | 17 Years 5 Months | Current |
| Pranita Chirendu Gupta | Director | 18 May 2009 | 17 Years 5 Months | Current |
Peer Comparison of Verve Systems Private Limited
Verve Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mandy Technologies Private Limited | ₹3.52 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Coimbatore, Tamil Nadu, India |
| Realcoderz Technologies Private Limited | ₹3.51 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Noida, Uttar Pradesh, India |
| Extendo Technologies Private Limited | ₹3.51 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Madurai, Tamil Nadu, India |
| Aimbys Solutions Private Limited | ₹3.51 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Ahmedabad, Gujarat, India |
| Trabacus Technologies Private Limited | ₹3.51 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Verve Systems Private Limited this company | ₹3.51 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Ahmedabad, Gujarat, India |
| N2k Info Systems Private Limited | ₹3.51 Cr (FY 2021) | •••• | •••• | -45.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Thajes Technocraft Private Limited | ₹3.5 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Coimbatore, Tamil Nadu, India |
| CJP Technologies Private Limited | ₹3.5 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Bangalore, Karnataka, India |
| Leanswift Solutions India Private Limited | ₹3.5 Cr (FY 2025) | •••• | •••• | 274.0% | •••• | Chennai, Tamil Nadu, India |
| Maksym IT Services Private Limited | ₹3.49 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Bhubaneswar, Odisha, India |
Peers are the five companies nearest above and the five nearest below Verve Systems by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Verve Systems Private Limited
Verve Systems Private Limited is audited by SAMIR M SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMIR M SHAH & ASSOCIATES | 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 Verve 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 Verve Systems Private Limited
Verve Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Verve Systems Private Limited
Verve Systems Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government Labour Officer and Gratuity Payment Supervisor | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government Labour Officer and Bonus Payment Supervisor | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Verve Systems Private Limited
Verve Systems Private Limited has a workforce of 16 employees as of Apr 08, 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 Verve Systems Private Limited
Verve Systems Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Chirendu Gupta was appointed as Director on 18 May 2009.
Credit Ratings, Litigation & Regulatory Alerts for Verve 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 Verve 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 Verve 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 Verve Systems Private Limited
Verve Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV9983E1ZZ | 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 Verve 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.
Related news about Verve Systems Private Limited
Frequently Asked Questions about Verve Systems Private Limited
Verve Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 May 2009 (17+ years old) and is registered under CIN U72200GJ2009PTC056967.
Verve Systems reported revenue of ₹3.51 Cr for FY 2024 (down 9% YoY).
Verve Systems has 2 current directors:
- Chirendu Gupta - Director
- Pranita Chirendu Gupta - Director
Verve Systems reported a net profit of ₹1.42 Lakh (net margin 0.4%) and EBITDA of ₹16.87 Lakh (EBITDA margin 4.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Verve Systems is 3% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Verve Systems is 24AACCV9983E1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Verve Systems is U72200GJ2009PTC056967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verve Systems has 2 court cases on record: 2 filed against it.
Verve Systems was incorporated on 18 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Verve Systems by revenue are Mandy Technologies Private Limited, Realcoderz Technologies Private Limited, Extendo Technologies Private Limited, Aimbys Solutions Private Limited, Trabacus Technologies Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Chirendu Gupta was appointed as Director on 18 May 2009. Pranita Chirendu Gupta was appointed as Director on 18 May 2009.