Company Intelligence Profile
Qarmatek Services Private Limited
Ahmedabad-based electronics repair, refurbishment, and extended-warranty services company operating the Mobex (refurbished phones) and Quik-E (rapid repair) brands.
CIN: U52602GJ2011PTC064951ActiveRoC Ahmedabad/Gujarat
Last updated 4 August 2026
AI OverviewGenerated from public records
Qarmatek Services Private Limited, headquartered in Ahmedabad, specializes in electronics repair, refurbishment, and extended-warranty services under its Mobex and Quik-E brands. In FY2024, the company reported revenue of ₹51.49 crore, marking a 23% decrease year-over-year. Additionally, Qarmatek raised $3 million in Series A funding in 2022.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
See what AICA knows about Qarmatek Services
Deeper analysis, financial signals and peer comparisons.
Company Identity
| Registered name | Qarmatek Services Private Limited |
|---|---|
| CIN | U52602GJ2011PTC064951 |
| PAN | AAACQ2488H |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 14 April 2011 |
| ROC | RoC Ahmedabad/Gujarat |
| Sector (NIC) | Personal & household services — Repair of computers and personal/household goods (NIC code family S/S2) |
| Registered address | 401 to 405, Shashwat Business Park, Old Anant Mill, Opp. Soma Textiles, Rakhial Road, Ahmedabad, Gujarat 380023, India |
| Authorized capital | ₹2.4 crore |
| Paid-up capital | ₹1.94 crore |
Business Overview
- QarmaTek (brand name of Qarmatek Services Pvt Ltd), founded 2011 by Krunal Shah, is an Ahmedabad-headquartered electronics repair, refurbishment and extended-warranty services company
- It repairs mobiles, consumer electronics, industrial electronics, home appliances, security devices, and EV chargers; runs "Mobex" (certified refurbished smartphones) and "Quik-E" (rapid retail repair) as sub-brands; and offers pan-India doorstep pickup/logistics (partnered with FedEx)
- Stated partners/clients include Samsung, Apple, Sony, Vivo, Xiaomi, Tata Play, Jio, Croma, Amazon and AmTrust (insurance)
- Operates from facilities in Ahmedabad, Mumbai, Kolkata and Bengaluru; claims a 7-day max turnaround
- Recognized as a DPIIT startup
- EPFO-registered employee count ~415
- Source: company site qarmatek.com (About Us), TheCompanyCheck
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Krunal Saumirbhai Shah | 03465689 | Whole-time Director & Founder | 14 Apr 2011 |
| Arun Anant Hattangadi | 00044089 | Whole-time Director | - |
| Dhaval Rajeshbhai Vakta | 06714695 | Director | 25 Nov 2013 |
| Mihirkumar Arvind Joshi | 00823615 | Nominee Director | 28 Dec 2021 |
Financials
- Standalone
- FY2024 (year ended Mar 2024) revenue: ₹51.49 crore (down ~23% YoY) — source: TheCompanyCheck
- Tofler (viewing what it labels FY March 2025) shows revenue band "₹25-50 cr" with YoY commentary: Total Revenue -28.67%, Net worth +297.32%, Borrowings -97.03%, Assets +11.01%, Operating margin 6.69%, Net profit margin 8.03%
- The two sources appear to reference different/adjacent fiscal years and are not fully reconcilable from public pages — treat as partial/directional, not exact
- EBITDA, PAT absolute values, and net worth absolute values are locked behind paid reports on both platforms — not obtained
- No independent filing was used per source restrictions, so financials are rated partial confidence
Funding
- "Series A funding of $3 million raised in 2022" — single (primary/self-reported) source, not independently corroborated by a press article (search budget exhausted before a second corroborating article could be found)
- Separately, a registered charge shows Caspian Impact Investments Private Limited extended ₹3 crore, registered 31 Jan 2023
Charges & Loans
- one identified charge — Caspian Impact Investments Private Limited, ₹3.0 crore, registered 31 Jan 2023
- Per TheCompanyCheck: Open charges ₹3 Cr (registered 31 Jan 2023, lender listed generically as "Others")
- Satisfied charges: ₹1.09 Cr (registered 23 Oct 2018, satisfied 31 Dec 2022) and ₹3 Cr (registered 31 Jan 2023, satisfied 21 Nov 2025)
- The ₹3 Cr charge appears in both "open" and "satisfied" buckets on TheCompanyCheck — likely a stale/duplicate listing where the charge was in fact satisfied in Nov 2025; treat the Caspian ₹3 Cr charge as satisfied as of Nov 2025, with the ₹1.09 Cr charge from 2018 also satisfied (Dec 2022)
Legal (Indian Kanoon)
- Confirmed (absence)
- No court cases, judgments, or legal proceedings involving "Qarmatek Services Private Limited" were found on Indian Kanoon (search returned no matching results)
Competitors
Servify
device protection/extended-warranty & repair-as-a-service platform, larger scale, has raised $60M+ across…
Onsitego
extended warranty & appliance/electronics protection plans, comparable-to-larger scale
Cashify
refurbished-device marketplace + repair, much larger scale (raised $100M+ cumulatively)
Yaantra
device repair & refurbishment for OEMs/e-commerce, similar scale segment
Attero Recycling
e-waste recycling/refurbishment, adjacent/larger scale, different core model (recycling-led)
Frequently Asked Questions
What does Qarmatek Services Private Limited do?
Ahmedabad-based electronics repair, refurbishment, and extended-warranty services company operating the Mobex (refurbished phones) and Quik-E (rapid repair) brands.
What is the CIN of Qarmatek Services Private Limited?
The Corporate Identification Number (CIN) of Qarmatek Services Private Limited is U52602GJ2011PTC064951.
Where is Qarmatek Services Private Limited registered?
Qarmatek Services Private Limited is registered with RoC Ahmedabad/Gujarat (sources give "Gujarat" and "Ahmedabad" — same jurisdiction, minor label variance). Registered address: 401 to 405, Shashwat Business Park, Old Anant Mill, Opp.
When was Qarmatek Services Private Limited incorporated?
Qarmatek Services Private Limited was incorporated on 14 April 2011 (source: Tofler, TheCompanyCheck — agree).
Recur Market
Which lenders fit a company like Qarmatek Services Private Limited?
Answer a few questions about your business and see which banks and NBFCs match, with indicative rates.
More on Recur Club
Recently added companies
Lenders on Recur Club
Explore on Recur Club
Revenue-Based FinancingRepay as a share of monthly revenueWorking Capital LoansCollateral-light capital for operationsSecured Term LoansLarger, longer-tenure debtCheck Your EligibilityEstimate funding in minutesCompany SearchExplore more company profilesFinance CalculatorsFree tools for founders & finance teams
More from Recur Club
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.