MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0036499
Xip Business Solution Private Limited - internet in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.41 Cr
▲ 2% YoY
Net loss · FY 2024
₹474
Net margin 0%
EBITDA · FY 2024
₹21.38 Lakh
EBITDA margin 15.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
4
As per MCA filings
About Xip Business Solution Private Limited
Data last updated:
Xip Business Solution Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 04 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2019PTC105879. Its GSTIN is 24AABCY0756B1ZQ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Yaxkumar Hemantbhai Sheth (Managing Director) and Bangdiwala Hatim Ebrahim.
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 206 To 213 Glacier Complex Near Anupan Jetalpur Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.41 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹474 (net margin 0%) and EBITDA of ₹21.38 Lakh (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 65% over five years.
The company is associated with 1 brand: YAKS. As per MCA filings, the company has open charges of ₹25 Lakh on record.
Xip Business Solution Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0036499). For more details, the company can be reached via its website theyaksgroup.com.
Company details
CIN U74999GJ2019PTC105879
Registration Number 105879
Incorporation Date 04 January 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0036499
Key People
Yaxkumar Hemantbhai Sheth Managing Director Bangdiwala Hatim Ebrahim Director Pushpaben Kanabhai Barad Director Recognitions & Rankings of Xip Business Solution
Contact details
Xip Business Solution Private Limited's registered office is in Vadodara, Gujarat. Its website is theyaksgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address206 To 213 Glacier Complex Near Anupan Jetalpur Road, Vadodara, Gujarat, India – 390007
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Xip Business Solution Private Limited, buy the company report.
Comprehensive company report
Xip Business Solution Private 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
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Brands
Xip Business Solution operates one associated brand: YAKS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive branding, ecommerce, and tourism services for business growth. | theyaksgroup.com |
Business activity
The main business activity of Xip Business Solution is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Xip Business Solution Private Limited, buy the company report.
Financials of Xip Business Solution Private Limited
FY 2024 filings availableXip Business Solution Private Limited reported revenue of ₹1.41 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹1.41 Cr ▲ 2%
Net loss · FY 2024
₹474 margin 0%
EBITDA · FY 2024
₹21.38 Lakh margin 15.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 15%
5 years · compounded
▲ 65%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 30%
5 years · compounded
▲ 99%
Revenue has grown at a compounded annual rate (CAGR) of 65% over five years, including 2% growth in the latest year. EBITDA rose 37% 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 | ₹21.38 Lakh | ||||
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| Net Profit (PAT) | -₹474 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Xip Business Solution Private Limited, buy the company report.
Board of directors of Xip Business Solution Private Limited
Xip Business Solution has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yaxkumar Hemantbhai Sheth | Managing Director | 24 Dec 2019 | 6 Years 10 Months | Current |
| Bangdiwala Hatim Ebrahim | Director | 23 Apr 2019 | 7 Years 6 Months | Current |
| Pushpaben Kanabhai Barad | Director | 23 Apr 2019 | 7 Years 6 Months | Current |
| Anshul L Bisht | Director | 04 Jan 2019 | 7 Years 9 Months | Current |
Auditor
Xip Business Solution Private Limited is audited by K M C & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M C & ASSOCIATES | FY 2020 | 133331W |
Shareholding
The shareholding of Xip Business Solution Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Xip Business Solution Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2022 | 100562774 | Others | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Xip Business Solution 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 Xip Business Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Xip Business Solution has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCY0756B1ZQ | Gujarat | Active | 01 Feb 2019 |
To see the full GST registrations and return filing status of Xip Business Solution Private Limited, buy the company report.
Recent activity
Xip Business Solution Private Limited has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Sahil Mukesh Naik ceased to be Director on 14 Dec 2021.
AGM
Xip Business Solution Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Xip Business Solution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100562774 was registered on 23 Mar 2022.
Ceased
Sahil Mukesh Naik ceased to be Director.
Appointed
Yaxkumar Hemantbhai Sheth was appointed as Managing Director.
Ceased
Rajeshree Hemantkumar Sheth ceased to be Director.
Appointed
Bangdiwala Hatim Ebrahim was appointed as Director.
Appointed
Pushpaben Kanabhai Barad was appointed as Director.
Appointed
Anshul L Bisht was appointed as Director.
Incorporation
04 Jan 2019
Xip Business Solution Private Limited was registered on 04 Jan 2019 with Roc Ahmedabad & aged 7 years 9 months as per MCA records.
Frequently asked questions
Xip Business Solution is an active private limited company based in Vadodara, Gujarat, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 04 January 2019 (7+ years old) and is registered under CIN U74999GJ2019PTC105879.
Xip Business Solution has 4 current directors:
- Yaxkumar Hemantbhai Sheth - Managing Director
- Bangdiwala Hatim Ebrahim - Director
- Pushpaben Kanabhai Barad - Director
- Anshul L Bisht - Director
The latest financial statements of Xip Business Solution on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Xip Business Solution is 24AABCY0756B1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Xip Business Solution is U74999GJ2019PTC105879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xip Business Solution was incorporated on 04 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sahil Mukesh Naik ceased to be Director on 14 Dec 2021. Yaxkumar Hemantbhai Sheth was appointed as Managing Director on 24 Dec 2019. Rajeshree Hemantkumar Sheth ceased to be Director on 16 Dec 2019. Xip Business Solution has 6 board changes on record in total.
Yes, Xip Business Solution is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0036499).
Xip Business Solution can be reached through the website theyaksgroup.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Xip Business Solution is at 206 To 213 Glacier Complex Near Anupan Jetalpur Road, Vadodara, Gujarat, India – 390007.
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