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Xsquads Tech Private Limited - information technology in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.42 Lakh
▲ 43% YoY
Net loss · FY 2025
₹3.01 Cr
Latest filing
EBITDA · FY 2025
-₹2.8 Cr
Latest filing
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1.09 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Xsquads Tech Private Limited
Data last updated:
Xsquads Tech Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2021PTC123190. Its GSTIN is 24AAACX3700D1ZY (Gujarat).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.09 Lakh. It is led by directors Ashishkumar Prabhubhai Dhameliya and Jemishkumar Bhimjibhai Lakhani.
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 209 Royal Trade Center Opp. Star Bazar Hajira Road Adajan, Surat, Gujarat, India – 395009.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.42 Lakh, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹3.01 Cr and EBITDA of -₹2.8 Cr. Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company is associated with 1 brand: Xsquads.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xsquads.com.
Company details
CIN U72900GJ2021PTC123190
Registration Number 123190
Incorporation Date 09 June 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Xsquads Tech
Contact details
Xsquads Tech Private Limited's registered office is in Surat, Gujarat. Its website is xsquads.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address209 Royal Trade Center Opp. Star Bazar Hajira Road Adajan, Surat, Gujarat, India – 395009
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Xsquads Tech Private Limited, buy the company report.
Comprehensive company report
Xsquads Tech 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
Xsquads Tech operates one associated brand: Xsquads. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and publishes mobile games featuring battle royale modes for global players. | xsquads.com |
Business activity
The main business activity of Xsquads Tech is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Xsquads Tech Private Limited, buy the company report.
Financials of Xsquads Tech Private Limited
FY 2025 filings availableXsquads Tech Private Limited reported revenue of ₹3.42 Lakh (up 43% YoY) for FY 2025.
Revenue · FY 2025
₹3.42 Lakh ▲ 43%
Net loss · FY 2025
₹3.01 Cr
EBITDA · FY 2025
-₹2.8 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 190%
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 43% growth in the latest year. EBITDA fell 80% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹2.8 Cr | |||
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| Net Profit (PAT) | -₹3.01 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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To see the full financial statements and ratios of Xsquads Tech Private Limited, buy the company report.
Board of directors of Xsquads Tech Private Limited
Xsquads Tech 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 |
|---|---|---|---|---|
| Ashishkumar Prabhubhai Dhameliya | Director | 05 Aug 2021 | 5 Years 2 Months | Current |
| Jemishkumar Bhimjibhai Lakhani | Director | 09 Jun 2021 | 5 Years 4 Months | Current |
Auditor
Xsquads Tech Private Limited is audited by Italiya & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Italiya & Associates | FY 2023 | 134560W |
Shareholding
The shareholding of Xsquads Tech Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Xsquads Tech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Xsquads Tech 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 Xsquads Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xsquads Tech Private Limited has 1 active EPFO establishment as of Mar 23, 2024.
Active EPFO establishments
1
GST
Xsquads Tech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACX3700D1ZY | Gujarat | Active | 27 Sep 2021 |
To see the full GST registrations and return filing status of Xsquads Tech Private Limited, buy the company report.
Recent activity
Xsquads Tech Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Ashishkumar Prabhubhai Dhameliya was appointed as Director on 05 Aug 2021.
AGM
Xsquads Tech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Xsquads Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Ashishkumar Prabhubhai Dhameliya was appointed as Director.
Ceased
Manishaben Jemishkumar Lakhani ceased to be Director.
Appointed
Jemishkumar Bhimjibhai Lakhani was appointed as Director.
Appointed
Manishaben Jemishkumar Lakhani was appointed as Director.
Incorporation
09 Jun 2021
Xsquads Tech Private Limited was registered on 09 Jun 2021 with Roc Ahmedabad & aged 5 years 4 months as per MCA records.
Frequently asked questions
Xsquads Tech is an active private limited company based in Surat, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 09 June 2021 (5+ years old) and is registered under CIN U72900GJ2021PTC123190.
Xsquads Tech has 2 current directors:
- Ashishkumar Prabhubhai Dhameliya - Director
- Jemishkumar Bhimjibhai Lakhani - Director
The latest financial statements of Xsquads Tech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Xsquads Tech is 24AAACX3700D1ZY, registered in Gujarat.
The CIN (Corporate Identification Number) of Xsquads Tech is U72900GJ2021PTC123190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xsquads Tech was incorporated on 09 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashishkumar Prabhubhai Dhameliya was appointed as Director on 05 Aug 2021. Manishaben Jemishkumar Lakhani ceased to be Director on 05 Aug 2021. Jemishkumar Bhimjibhai Lakhani was appointed as Director on 09 Jun 2021. Xsquads Tech has 4 board changes on record in total.
Yes, Xsquads Tech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Xsquads Tech can be reached through the website xsquads.com. Its registered office is in Surat, Gujarat, India.
The registered office of Xsquads Tech is at 209 Royal Trade Center Opp. Star Bazar Hajira Road Adajan, Surat, Gujarat, India – 395009.