About Zestl Software Private Limited
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Zestl Software Private Limited is a private limited company based in Pune, Maharashtra, 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 28 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2015PTC156334. Its GSTIN is 27AAACZ8726D1Z6 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.24 Cr. It is led by directors Hardik Prakash Gandhi (Managing Director) and Sachin Tagra.
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 No. 3 Sagar Group Of Bunglow Fatima Nagar, Pune, Maharashtra, India – 411013.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.89 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹6.44 Cr (net margin -109.4%) and EBITDA of -₹7.01 Cr (EBITDA margin -119%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 44% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zvolv. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending. The company has 12 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.15 Cr; the latest was in February 2024. Its 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Coddiwomple India Private Limited with revenue of ₹5.89 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zestl.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 3 Sagar Group Of Bunglow Fatima Nagar, Pune, Maharashtra, India – 411013
- 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
Business Activity of Zestl Software Private Limited
The main business activity of Zestl Software is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Zestl Software Private Limited FY 2025 filings available
Zestl Software Private Limited reported revenue of ₹5.89 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Zestl Software Private Limited
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA fell 197% 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 Zestl Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹7.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.44 Cr | •••• | •••• | •••• | •••• |
| 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 Zestl Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -119% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -109.4% | •••• | •••• | •••• | •••• |
| 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 Zestl Software are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Zestl Software Private Limited
Zestl Software Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Coddiwomple India Private Limited | ₹5.89 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Bangalore, Karnataka, India |
| Empire Technocom Private Limited | ₹5.89 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Surat, Gujarat, India |
| Pursuit Technologies Private Limited | ₹5.89 Cr (FY 2023) | •••• | •••• | -42.0% | •••• | Bangalore, Karnataka, India |
| Shreyas Technosoft Private Limited | ₹5.89 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Nagpur, Maharashtra, India |
| N S Infotech Limited | ₹5.89 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Hubli, Karnataka, India |
| Zestl Software Private Limited this company | ₹5.89 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
| Forge Quest Private Limited | ₹5.88 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Inkle India Private Limited | ₹5.88 Cr (FY 2024) | •••• | •••• | 178.0% | •••• | Bengaluru, Karnataka, India |
| Ballistic Learning Private Limited | ₹5.88 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Faridabad, Haryana, India |
| Inspirit Learning Private Limited | ₹5.88 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Chengalpattu, Tamil Nadu, India |
| Obopay Mobile Technology India Private Limited | ₹5.88 Cr (FY 2025) | •••• | •••• | 249.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Zestl Software by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Zestl Software Private Limited
Zestl Software Private Limited is audited by SNR & Company for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SNR & Company | 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.
Board of Directors of Zestl Software Private Limited
Zestl Software has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Tagra | Director | 03 Dec 2021 | 4 Years 10 Months | Current |
| Hardik Prakash Gandhi | Managing Director | 01 Oct 2018 | 8 Years 0 Months | Current |
Ownership and Shareholding of Zestl Software 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 Zestl Software Private Limited
Zestl Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Zestl Software Private Limited
Zestl Software Private Limited has 12 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.15 Cr; the latest was in February 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹16 Cr | Investors: Silverneedle Ventures, JSW Ventures, Kettleborough VC |
| Dec 2021 | Funding round · Pre-Series A | ₹8.43 Cr | Investors: JSW Ventures, RiSo Capital, 2 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: ASRCP Trust, 2 individuals Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Aug 2016 | Rights issue | ₹94 Lakh | Investors: Sicon Design Technologies Private Limited , 2 individuals |
Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Zestl Software Private Limited
Zestl Software Private Limited has 2 court cases on record: 1 filed by Zestl Software, 1 filed against it. All cases are pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Lenskart Solutions Limited | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Lenskart Solutions Limited | Pending |
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.
Associated Brands with Zestl Software Private Limited
Zestl Software operates one associated brand: Zvolv. Each brand links to its own profile.
Employees and EPFO Compliance at Zestl Software Private Limited
Zestl Software Private Limited has a workforce of 46 employees as of Apr 05, 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.
News related to Zestl Software Private Limited
Recent Activity on Zestl Software Private Limited
Zestl Software Private Limited has 7 board changes on record since 2015: 3 appointments and 4 cessations. The latest: Prashant Rajan Pansare ceased to be Additional Director on 22 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Zestl Software 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 Zestl Software 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 Zestl Software 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 Zestl Software Private Limited
Zestl Software has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ8726D1Z6 | Maharashtra | 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 Zestl Software 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.
Frequently Asked Questions about Zestl Software Private Limited
Zestl Software is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 August 2015 (11+ years old) and is registered under CIN U72900PN2015PTC156334.
Zestl Software reported revenue of ₹5.89 Cr for FY 2025 (down 22% YoY).
Zestl Software has 2 current directors:
- Hardik Prakash Gandhi - Managing Director
- Sachin Tagra - Director
Zestl Software reported a net loss of ₹6.44 Cr (net margin -109.4%) and EBITDA of -₹7.01 Cr (EBITDA margin -119%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Zestl Software is 52% over three years and 44% over five years. In the latest year (FY 2025) revenue fell 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Zestl Software is 27AAACZ8726D1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Zestl Software is U72900PN2015PTC156334. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zestl Software has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Zestl Software was incorporated on 28 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
Zestl Software has 12 deals on record (5 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.15 Cr; the latest was in February 2024.
The peers of Zestl Software by revenue are Coddiwomple India Private Limited, Empire Technocom Private Limited, Pursuit Technologies Private Limited, Shreyas Technosoft Private Limited, N S Infotech Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).