DPIIT recognised startup Government of India
Startup India
Way2smart Systems Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.22 Lakh
▲ 98% YoY
Net profit · FY 2024
₹8,937
Net margin 0.3%
EBITDA · FY 2024
₹2.29 Lakh
EBITDA margin 6.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹20,000
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Way2smart Systems Private Limited
Data last updated:
Way2smart Systems Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 23 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2019PTC187423. Its GSTIN is 27AACCW5293N1ZM (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹20,000. It is led by directors Ashwini Somnath Gite and Somnath Nivrutti Gite.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S No 34 Mohan Nagar Near Khedekar Chandane Associates, Pune, Maharashtra, India – 411043.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.22 Lakh, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹8,937 (net margin 0.3%) and EBITDA of ₹2.29 Lakh (EBITDA margin 6.9%).
The company is associated with 1 brand: Way2Smart.
Way2smart Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0102231). For more details, the company can be reached via its website way2smart.in.
Company Details of Way2smart Systems Private Limited
CIN U72900PN2019PTC187423
Registration Number 187423
Incorporation Date 23 October 2019
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0102231
Recognitions & Rankings of Way2smart Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-MH-26-0102231
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS No 34 Mohan Nagar Near Khedekar Chandane Associates, Pune, Maharashtra, India – 411043
- IndustryInformation Technology, Other Computer Related Activities
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Associated Brands with Way2smart Systems Private Limited
Way2smart Systems operates one associated brand: Way2Smart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers bulk SMS, OTP, and business communication solutions via secure APIs. | way2smart.in |
Business Activity of Way2smart Systems Private Limited
The main business activity of Way2smart Systems is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Way2smart Systems Private Limited FY 2024 filings available
Way2smart Systems Private Limited reported revenue of ₹33.22 Lakh (up 98% YoY) for FY 2024.
Revenue · FY 2024
₹33.22 Lakh ▲ 98%
Net profit · FY 2024
₹8,937 margin 0.3%
EBITDA · FY 2024
₹2.29 Lakh margin 6.9%
Compounded Annual Growth Rate (CAGR) of Way2smart Systems Private Limited
Revenue CAGR growth
1 year
▲ 98%
EBITDA CAGR growth
1 year
▲ 286%
Revenue rose 98% in the latest year. EBITDA rose 286% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Way2smart 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 | ₹2.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8,937 | •••• | •••• | •••• | •••• |
| 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 Way2smart Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 Way2smart Systems are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Way2smart Systems Private Limited
Way2smart Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somnath Nivrutti Gite | Additional Director | 15 Mar 2025 | 1 Years 7 Months | Current |
| Ashwini Somnath Gite | Director | 23 Oct 2019 | 6 Years 11 Months | Current |
Peer Comparison of Way2smart Systems Private Limited
Way2smart Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service 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 |
|---|---|---|---|---|---|---|
| N Z IT Services Private Limited | ₹33.27 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Hyderabad, Telangana, India |
| Itsws Technologies Private Limited | ₹33.26 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Yogasadhana Technologies (OPC) Private Limited | ₹33.25 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Bengaluru, Karnataka, India |
| Ourinitiative Media Private Limited | ₹33.23 Lakh (FY 2021) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Crimson Teleservices Private Limited | ₹33.23 Lakh (FY 2024) | •••• | •••• | -27.0% | •••• | Delhi, India |
| Way2smart Systems Private Limited this company | ₹33.22 Lakh (FY 2024) | •••• | •••• | 98.0% | •••• | Pune, Maharashtra, India |
| Infikey Technologies Private Limited | ₹33.21 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Ahmedabad, Gujarat, India |
| Unik Outdoor Private Limited | ₹33.21 Lakh (FY 2023) | •••• | •••• | -62.0% | •••• | Delhi, India |
| Orgosys Private Limited | ₹33.21 Lakh (FY 2023) | •••• | •••• | 14.0% | •••• | Delhi, India |
| Cresigns Studio Private Limited | ₹33.21 Lakh (FY 2024) | •••• | •••• | 134.0% | •••• | New Delhi, Delhi, India |
| Devappment Technologies Private Limited | ₹33.2 Lakh (FY 2025) | •••• | •••• | -40.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Way2smart Systems by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Way2smart Systems Private Limited
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Charges & Borrowings of Way2smart Systems Private Limited
Way2smart Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Way2smart Systems Private Limited
Employment history and EPFO contributions of people linked to Way2smart Systems.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Way2smart Systems Private Limited
Way2smart Systems Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Pravin Dnyandeo Nagare ceased to be Director on 15 Mar 2025.
Ceased
Pravin Dnyandeo Nagare ceased to be Director.
Appointed
Somnath Nivrutti Gite was appointed as Additional Director.
AGM
Way2Smart Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Way2Smart Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Appointed
Pravin Dnyandeo Nagare was appointed as Director.
Appointed
Ashwini Somnath Gite was appointed as Director.
Incorporation
23 Oct 2019
Way2Smart Systems Private Limited was registered on 23 Oct 2019 with Roc Pune & aged 6 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Way2smart Systems Private Limited
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MSME Payment Delays by Way2smart Systems Private Limited
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Subsidiaries & Group Companies of Way2smart Systems Private Limited
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GST Compliance of Way2smart Systems Private Limited
Way2smart Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCW5293N1ZM | Maharashtra | Active | 24 Dec 2019 |
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MCA Filings & Documents of Way2smart Systems Private Limited
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Frequently Asked Questions about Way2smart Systems Private Limited
Way2smart Systems is an active private limited company based in Pune, Maharashtra, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 23 October 2019 (7+ years old) and is registered under CIN U72900PN2019PTC187423.
Way2smart Systems reported revenue of ₹33.22 Lakh for FY 2024 (up 98% YoY).
Way2smart Systems has 2 current directors:
- Somnath Nivrutti Gite - Additional Director
- Ashwini Somnath Gite - Director
Way2smart Systems reported a net profit of ₹8,937 (net margin 0.3%) and EBITDA of ₹2.29 Lakh (EBITDA margin 6.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Way2smart Systems is 27AACCW5293N1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Way2smart Systems is U72900PN2019PTC187423. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Way2smart Systems was incorporated on 23 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Way2smart Systems by revenue are N Z IT Services Private Limited, Itsws Technologies Private Limited, Yogasadhana Technologies (OPC) Private Limited, Ourinitiative Media Private Limited, Crimson Teleservices Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Pravin Dnyandeo Nagare ceased to be Director on 15 Mar 2025. Somnath Nivrutti Gite was appointed as Additional Director on 15 Mar 2025. Pravin Dnyandeo Nagare was appointed as Director on 15 Jun 2022. Way2smart Systems has 4 board changes on record in total.
Yes, Way2smart Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Way2smart Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0102231).