About Clearone Innovation India Private Limited
Data last updated:
Clearone Innovation India Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Clearone Inc, U.S.A. It operates in the business support services segment of the business services sector. It was incorporated on 27 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U32109TN2017FTC120230. Its GSTIN is 33AAHCC3403H1Z5 (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹70 Lakh. It is led by directors including Kumar Vidya and Raghunathan Jayashree.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Tek Towers No.11 Old Mahabalipuram Road Okkiyam Thoraipakkam Village, Chennai, Tamil Nadu, India – 600097.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.5 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.26 Cr (net margin 12%) and EBITDA of ₹1.85 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 24% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ClearOne.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clearone.com.
Company details
Contact details
Clearone Innovation India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is clearone.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTek Towers No.11 Old Mahabalipuram Road Okkiyam Thoraipakkam Village, Chennai, Tamil Nadu, India – 600097
- IndustryBusiness Services, Business Support Services
To see the full contact details of Clearone Innovation India Private Limited, buy the company report.
- 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
Brands
Clearone Innovation India operates one associated brand: ClearOne. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based unified communication solutions are provided for enterprises. | clearone.com |
Business activity
The main business activity of Clearone Innovation India is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Clearone Innovation India Private Limited, buy the company report.
Financials of Clearone Innovation India Private Limited
FY 2024 filings availableClearone Innovation India Private Limited reported revenue of ₹10.5 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 12% growth in the latest year. EBITDA rose 11% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.26 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.7% | ||||
| Net Profit Margin | 12% | ||||
| 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 | |||||
To see the full financial statements and ratios of Clearone Innovation India Private Limited, buy the company report.
Board of directors of Clearone Innovation India Private Limited
Clearone Innovation India has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Vidya | Director | 12 Dec 2019 | 6 Years 10 Months | Current |
| Raghunathan Jayashree | Director | 08 Jul 2022 | 4 Years 3 Months | Current |
| Derek Graham Louis | Director | 20 May 2024 | 2 Years 5 Months | Current |
Auditor
Clearone Innovation India Private Limited is audited by JAGANNATHAN & SARABESWARAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGANNATHAN & SARABESWARAN | FY 2023 | 001204S |
Shareholding
The shareholding of Clearone Innovation India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clearone Innovation India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Clearone Innovation India 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 Clearone Innovation India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clearone Innovation India Private Limited has a workforce of 28 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Clearone Innovation India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCC3403H1Z5 | Tamil Nadu | Active | 01 Apr 2018 |
To see the full GST registrations and return filing status of Clearone Innovation India Private Limited, buy the company report.
Recent activity
Clearone Innovation India Private Limited has 12 board changes on record since 2018: 3 appointments and 9 cessations. The latest: Derek Graham Louis ceased to be Additional Director on 25 Sep 2024.
3 earlier events are in the company report.
News
Frequently asked questions
Clearone Innovation India is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in business support services, within the business services industry. It was incorporated on 27 December 2017 (9+ years old) and is registered under CIN U32109TN2017FTC120230.
Clearone Innovation India has 3 current directors:
- Kumar Vidya - Director
- Raghunathan Jayashree - Director
- Derek Graham Louis - Director
The latest financial statements of Clearone Innovation India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Clearone Innovation India is 33AAHCC3403H1Z5, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Clearone Innovation India is U32109TN2017FTC120230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clearone Innovation India was incorporated on 27 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Derek Graham Louis ceased to be Additional Director on 25 Sep 2024. Derek Graham Louis was appointed as Director on 20 May 2024. Zeyneb Hakimoglu ceased to be Director on 01 Nov 2022. Clearone Innovation India has 12 board changes on record in total.
Clearone Innovation India can be reached through the website clearone.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Clearone Innovation India is at Tek Towers No.11 Old Mahabalipuram Road Okkiyam Thoraipakkam Village, Chennai, Tamil Nadu, India – 600097.
Clearone Innovation India operates in the business services industry, in the business support services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
