Workmates Core2cloud Solution Limited

Workmates Core2cloud Solution Limited - information technology in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN U93090WB2018PLC228834 Incorporated 14 November 2018 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - BSE: 544610 Public Limited Company information technology MSME
Data last updated
Market Cap
₹542 Cr
WORKMATES · BSE
Share Price
₹399.00
-4.86% today
Revenue
₹144 Cr
FY 2025-26 · +33.6% YoY
EBITDA
₹22.04 Cr
Margin 15.3%
Net Profit
₹15.91 Cr
FY 2025-26 · +14.2% YoY
P/E (TTM)
35.6x
P/B 6.4x
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹12.92 Cr
Issued & subscribed

About Workmates Core2cloud Solution Limited

Data last updated:

Workmates Core2cloud Solution Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 14 November 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U93090WB2018PLC228834. Its GSTIN is 19AACCW3143M1Z0 (West Bengal). It is a listed company as per MCA records. Its shares are listed on BSE: 544610.

The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹12.92 Cr. It is led by directors including Basanta Kumar Rana (Managing Director) and Prajnashree Mohapatra.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Flat 7 Floor 3rd 3A Rammohan Mullick Garden Lane, Kolkata, West Bengal, India – 700010.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹143.82 Cr, a growth of 33.6% compared to the previous year. For the same year it recorded a net profit of ₹15.91 Cr (net margin 11.1%) and EBITDA of ₹22.04 Cr (EBITDA margin 15.3%). The net worth stands at ₹88.26 Cr (up 282.1% YoY). Total assets are valued at ₹88.26 Cr (up 176.8% YoY).

The company has about 175 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Workmates Core2Cloud. As per MCA filings, the company has open charges of ₹8.9 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 4 cases are pending. The company has 13 deals on record (12 market trades, 1 ipo); the latest was in May 2026. Its 3 peer companies in the Information Technology industry (Cloud Computing), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger; the largest is Cloudthat Technologies Private Limited with revenue of ₹121.18 Cr.

Workmates Core2cloud Solution Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-WB-10-0037572). For more details, the company can be reached via its website cloudworkmates.com.

Company details

CIN U93090WB2018PLC228834
Registration Number 228834
Incorporation Date 14 November 2018
ROC Kolkata
Listing Status Listed - Listed on BSE (544610)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
MSME Classification MSME
Udyam Registration UDYAM-WB-10-0037572

CIN history

Workmates Core2cloud Solution has one previous CIN (Corporate Identification Number): U93090WB2018PTC228834. The current CIN is U93090WB2018PLC228834, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U93090WB2018PLC228834Current
U93090WB2018PTC228834Previous

Recognitions & Rankings of Workmates Core2cloud Solution

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-WB-10-0037572

Contact details

Workmates Core2cloud Solution Limited's registered office is in Kolkata, West Bengal. Its website is cloudworkmates.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Flat 7 Floor 3rd 3A Rammohan Mullick Garden Lane, Kolkata, West Bengal, India – 700010
  • Industry
    Information Technology, Cloud Computing & Cloud Services

To see the full contact details of Workmates Core2cloud Solution Limited, buy the company report.

Comprehensive company report
Workmates Core2cloud Solution Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Workmates Core2cloud Solution operates one associated brand: Workmates Core2Cloud. Each brand links to its own profile.

BrandDescriptionWebsite
Offers cloud infrastructure management, migration, and security services on AWS platform.cloudworkmates.com

Business activity

The main business activity of Workmates Core2cloud Solution is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Workmates Core2cloud Solution Limited, buy the company report.

Financials of Workmates Core2cloud Solution Limited

FY 2025-26 filings available

Workmates Core2cloud Solution Limited reported revenue of ₹143.82 Cr (up 33.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹144 Cr
+33.6% YoY
EBITDA
₹22.04 Cr
+20.3% YoY
Profit After Tax
₹15.91 Cr
+14.2% YoY
Net Worth
₹88.26 Cr
+282.1% YoY
Total Assets
₹88.26 Cr
+176.8% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue14410853.2328.9512.80
Revenue growth+33.6%+102.2%+83.9%+126.2%-
EBITDA22.0418.327.402.521.74
EBITDA margin+15.3%+17.0%+13.9%+8.7%+13.6%
Profit before tax21.4518.757.492.541.69
Net profit15.9113.935.361.861.26
Net profit margin+11.1%+12.9%+10.1%+6.4%+9.8%
EPS (₹)14.371,392.70534.85185.84125.23
Balance sheet
Total assets88.2631.899.173.781.77
Net worth88.2623.108.963.611.75
Total debt0.008.790.000.000.00
Cash & bank53.9516.8713.563.901.97
Net working capital77.0320.598.683.301.62
Cash flow
Cash from operations(0.07)5.669.582.361.90
Cash from investing(1.21)(11.14)(3.92)(0.18)(0.38)
Cash from financing38.388.790.000.000.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue14410553.2328.9512.804.22
Revenue growth+37.3%+96.7%+83.9%+126.2%+203.3%-
EBITDA22.4918.397.442.671.770.57
EBITDA margin+15.7%+17.6%+14.0%+9.2%+13.8%+13.5%
Profit before tax21.9118.837.532.691.720.54
Net profit16.3714.075.401.961.280.40
Net profit margin+11.4%+13.4%+10.1%+6.8%+10.0%+9.5%
EPS (₹)14.7914,060.425,394.111,955.441,261.44405.71
Balance sheet
Total assets88.8031.969.113.721.760.50
Net worth88.8023.179.113.721.760.50
Total debt0.008.790.000.000.000.00
Cash & bank52.1614.6113.563.901.970.21
Net working capital77.2720.368.673.291.630.45
Cash flow
Cash from operations0.393.699.812.36--
Cash from investing(1.21)(11.43)(4.15)(0.44)--
Cash from financing38.388.790.000.00--

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue14410853.2328.9512.80
Revenue growth+33.6%+102.2%+83.9%+126.2%-
Other income1.270.740.300.190.01
Total expenses12289.3345.8326.4311.06
Employee cost0.0010.216.553.691.99
EBITDA22.0418.327.402.521.74
EBITDA margin+15.3%+17.0%+13.9%+8.7%+13.6%
Depreciation1.300.300.210.170.06
Interest0.560.010.000.000.00
Profit before tax21.4518.757.492.541.69
Tax5.544.822.130.680.43
Net profit15.9113.935.361.861.26
Net profit margin+11.1%+12.9%+10.1%+6.4%+9.8%
EPS (₹)14.371,392.70534.85185.84125.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital12.920.010.010.010.01
Reserves & surplus75.3423.098.953.601.74
Shareholders' funds (net worth)88.2623.108.963.611.75
Minority interest0.000.000.000.000.00
Secured loans0.008.790.000.000.00
Unsecured loans0.000.000.000.000.00
Total debt0.008.790.000.000.00
Total liabilities88.2631.899.173.781.77
Assets
Gross block12.391.690.830.670.23
Net block10.310.910.350.400.13
Capital work in progress0.7910.280.000.000.00
Investments0.000.000.000.000.00
Inventories0.000.000.000.000.00
Sundry debtors28.9924.655.344.161.47
Cash & bank balances53.9516.8713.563.901.97
Loans & advances13.484.795.182.601.16
Total current assets96.4246.3124.0810.664.60
Total current liabilities19.3925.7215.407.362.98
Net working capital77.0320.598.683.301.62
Total assets88.2631.899.173.781.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash16.8713.563.901.720.21
Net cash from operating activities(0.07)5.669.582.361.90
Net cash from investing activities(1.21)(11.14)(3.92)(0.18)(0.38)
Net cash from financing activities38.388.790.000.000.00
Net change in cash37.093.315.662.171.51
Closing cash53.9516.8713.563.901.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+33.6%+102.2%+83.9%+126.2%-
EBITDA growth+20.3%+147.6%+193.7%+44.8%-
PBT growth+14.4%+150.3%+194.9%+50.3%+9997.0%
Net income growth+14.2%+159.9%+188.2%+47.6%-
Revenue CAGR (3Y)+70.6%+103.4%---
EBITDA CAGR (3Y)+106.0%+119.2%---
Profitability & leverage
Net income margin+11.1%+12.9%+10.1%+6.4%+9.8%
Return on capital employed-+91.9%+115.5%+91.5%+94.9%
Return on net worth-+87.5%+85.1%+69.4%+71.4%
Debt / equity-0.280.000.000.00
Long-term debt / equity-0.270.000.000.00
Interest cover2.700.060.000.000.00
Efficiency & per share
Fixed asset turnover-85.4470.9764.3355.65
Inventory turnover-0.000.000.000.00
Debtors turnover-7.1811.2110.288.71
EPS (₹)14.371,392.70534.85185.84125.23
Dividend per share (₹)2.000.000.000.000.00
Book value per share (₹)0.002,288.62895.92361.07175.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue14410553.2328.9512.804.22
Revenue growth+37.3%+96.7%+83.9%+126.2%+203.3%-
Other income1.270.740.300.190.010.00
Total expenses12186.3045.7926.2811.033.65
Employee cost0.000.006.433.511.790.89
EBITDA22.4918.397.442.671.770.57
EBITDA margin+15.7%+17.6%+14.0%+9.2%+13.8%+13.5%
Depreciation1.290.290.210.170.060.03
Interest0.560.010.000.000.000.00
Profit before tax21.9118.837.532.691.720.54
Tax5.544.762.130.730.440.14
Net profit16.3714.075.401.961.280.40
Net profit margin+11.4%+13.4%+10.1%+6.8%+10.0%+9.5%
EPS (₹)14.7914,060.425,394.111,955.441,261.44405.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital12.920.010.010.010.010.01
Reserves & surplus75.8823.169.103.711.750.49
Shareholders' funds (net worth)88.8023.179.113.721.760.50
Secured loans0.008.790.000.000.000.00
Unsecured loans0.000.000.000.000.000.00
Total debt0.008.790.000.000.000.00
Total liabilities88.8031.969.113.721.760.50
Assets
Gross block12.371.660.830.670.230.09
Net block10.300.890.350.400.130.05
Capital work in progress0.7910.280.000.000.000.00
Investments0.320.320.000.000.000.00
Inventories0.000.000.000.000.000.00
Sundry debtors28.9624.655.344.161.470.59
Cash & bank balances52.1614.6113.563.901.970.21
Loans & advances15.456.773.121.891.170.45
Total current assets96.5746.0322.029.954.611.25
Total current liabilities19.3025.6713.356.662.980.80
Net working capital77.2720.368.673.291.630.45
Total assets88.8031.969.113.721.760.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash14.6113.563.901.97--
Net cash from operating activities0.393.699.812.36--
Net cash from investing activities(1.21)(11.43)(4.15)(0.44)--
Net cash from financing activities38.388.790.000.00--
Net change in cash37.551.055.661.92--
Closing cash52.1614.6113.563.90--
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+37.3%+96.7%+83.9%+126.2%+203.3%-
EBITDA growth+22.3%+147.2%+178.7%+50.9%+210.5%-
PBT growth-79.2%+150.1%+179.9%+56.4%+218.5%+9997.0%
Net income growth+16.4%+160.6%+175.5%+53.1%+220.0%-
Revenue CAGR (3Y)+70.6%+101.5%+132.8%---
EBITDA CAGR (3Y)+103.5%+118.2%+135.5%---
Profitability & leverage
Net income margin+11.4%+13.4%+10.1%+6.8%+10.0%+9.5%
Return on capital employed--+117.2%+98.2%+150.4%+110.0%
Return on net worth--+84.0%+71.5%+111.5%+82.0%
Debt / equity--0.000.000.000.00
Long-term debt / equity--0.000.000.000.00
Interest cover2.640.060.000.000.000.00
Efficiency & per share
Fixed asset turnover--70.9764.3380.0046.89
Inventory turnover--0.000.000.000.00
Debtors turnover--11.2110.2812.437.15
EPS (₹)14.7914,060.425,394.111,955.441,261.44405.71
Dividend per share (₹)2.000.000.000.000.000.00
Book value per share (₹)0.000.009,110.873,716.751,761.32499.88

To see the full year-wise statements and ratios of Workmates Core2cloud Solution Limited, buy the company report.

Board of directors and KMP of Workmates Core2cloud Solution Limited

Workmates Core2cloud Solution Limited currently reports 5 directors and 2 key managerial personnel. 6 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Basanta Kumar RanaManaging Director12 Dec 20241 Years 10 MonthsCurrent
Prajnashree MohapatraDirector14 Nov 20187 Years 11 MonthsCurrent
Kamal NathCeo06 May 20251 Years 5 MonthsCurrent
Ajay Kalayil ChackoDirector10 Apr 20251 Years 6 MonthsCurrent
Barathy SundaramDirector10 Apr 20251 Years 6 MonthsCurrent
Suchita VishnoiDirector10 Apr 20251 Years 6 MonthsCurrent
Showing 6 of 7 current directors and KMP. View all directors and KMP

Peer comparison

Workmates Core2cloud Solution Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Cloud Computing), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Workmates Core2cloud Solution Limitedthis company₹143.82 Cr (FY 2026)₹15.91 Cr11.1%33.6%175Kolkata, West Bengal, India
Cloudthat Technologies Private Limited₹121.18 Cr (FY 2025)58.0%Bangalore, Karnataka, India
Blazeclan Technologies Private Limited₹120.43 Cr (FY 2025)-5.0%Pune, Maharashtra, India
Encora Digital India Private Limited₹114.84 Cr (FY 2025)39.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Workmates Core2cloud Solution Limited, buy the company report.

Auditor

Workmates Core2cloud Solution Limited is audited by M. CHOWDHURY & CO. for the financial year 2025.

Auditor firmFinancial yearFirm registration number
M. CHOWDHURY & CO.FY 2025302161E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 72.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 6.60% and retail and other public shareholders hold 21.40%.

Promoters: 72.00%DII (Domestic Institutional): 6.60%Retail & Others: 21.40%
Sep 2026
QUARTER
72.00% Promoters
6.60% DII (Domestic Institutional)
21.40% Retail & Others
Promoter holding - history
Now 72.00% · Sep 2026High 72.00% · Jun 2026Low 72.00% · Jun 2026
71%71.5%72%72.5%73%Jun 2026Sep 2026Jun 2026: 72.00%Sep 2026: 72.00%72.00%72.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026
Promoters72.00%72.00%
Public28.00%28.00%

Charges & borrowings

Open charges
₹8.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹8.90 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
25 Sep 2024100981139Others₹8.9 CrOpen

To see the full charge records of Workmates Core2cloud Solution Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Workmates Core2cloud Solution Limited has 13 deals on record (12 market trades, 1 ipo); the latest was in May 2026.

Total deals
13
Market trades
12
IPO
1

Deals on record (5 of 13)

To see the full deal history of Workmates Core2cloud Solution Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Workmates Core2cloud Solution Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Workmates Core2cloud Solution Limited has a workforce of 175 employees on its EPFO records as of Feb 12, 2026, across 1 active EPFO establishment.

Employee count
175
Active EPFO establishments
1
Employee growth
47.06%

GST

Workmates Core2cloud Solution has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
19AACCW3143M1Z0West BengalActive11 Dec 2018

To see the full GST registrations and return filing status of Workmates Core2cloud Solution Limited, buy the company report.

Recent activity

Workmates Core2cloud Solution Limited has 13 board changes on record since 2018: 7 appointments and 6 cessations. The latest: Debasish Sarkar was appointed as CFO on 20 May 2025.

Filing
Workmates Core2Cloud Solution Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata.
AGM
Workmates Core2Cloud Solution Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Debasish Sarkar was appointed as CFO.
Ceased
Debasish Sarkar ceased to be Director.
Appointed
Kamal Nath was appointed as CEO.
Ceased
Kamal Nath ceased to be Additional Director.
Appointed
Ajay Kalayil Chacko was appointed as Director.
Ceased
Ajay Kalayil Chacko ceased to be Additional Director.
Appointed
Barathy Sundaram was appointed as Director.
Ceased
Barathy Sundaram ceased to be Additional Director.
Appointed
Suchita Vishnoi was appointed as Director.
Ceased
Suchita Vishnoi ceased to be Additional Director.

6 earlier events are in the company report.

Frequently asked questions

Workmates Core2cloud Solution is an active public limited company based in Kolkata, West Bengal, India. The company works in cloud computing and cloud services, within the information technology industry. It was incorporated on 14 November 2018 (8+ years old) and is registered under CIN U93090WB2018PLC228834. Listed on BSE: 544610.

Workmates Core2cloud Solution reported revenue of ₹143.82 Cr for FY 2025-26 (up 33.6% YoY) based on consolidated financials.

Workmates Core2cloud Solution has 7 current directors and KMP:

The latest financial statements of Workmates Core2cloud Solution on record with the MCA are for the year ended 31 March 2026. 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 Workmates Core2cloud Solution is 19AACCW3143M1Z0, registered in West Bengal.

The CIN (Corporate Identification Number) of Workmates Core2cloud Solution is U93090WB2018PLC228834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Workmates Core2cloud Solution is a listed company as per MCA records. Its shares are listed on BSE (code: 544610).

Workmates Core2cloud Solution has 4 court cases on record: 3 filed by the company and 1 filed against it. 4 are pending.

Workmates Core2cloud Solution was incorporated on 14 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Kolkata.

Workmates Core2cloud Solution has 13 deals on record (12 market trades, 1 ipo); the latest was in May 2026.

The peers of Workmates Core2cloud Solution by revenue are Cloudthat Technologies Private Limited, Blazeclan Technologies Private Limited, Encora Digital India Private Limited, all in the Information Technology industry (Cloud Computing), with the same principal business activity (computer programming, consultancy and related activities).