About Clover Transaction Systems Private Limited
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Clover Transaction Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sienna Systems Resources Private Limited. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29200MH2012PTC226961. Its GSTIN is 27AAECC7283J1ZA (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Farokh Kekhushroo Banatwalla and Kunal Gopinath Nagarkatti.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 85 A – Wing Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.09 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹24,589 (net margin 22.5%) and EBITDA of ₹30,555 (EBITDA margin 27.9%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 16% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cloverinfotech.com.
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- Registered Address85 A – Wing Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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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Financials of Clover Transaction Systems Private Limited FY 2025 filings available
Clover Transaction Systems Private Limited reported revenue of ₹1.09 Lakh (down 56% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Clover Transaction Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 56% fall in the latest year. EBITDA fell 85% 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 Clover Transaction Systems 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 | ₹30,555 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24,589 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Clover Transaction Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 22.5% | •••• | •••• | •••• | •••• |
| 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 Clover Transaction Systems are in the company report.
Financial statements from 2015
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.
Board of Directors of Clover Transaction Systems Private Limited
Clover Transaction Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Farokh Kekhushroo Banatwalla Also directs: Sienna Systems Resources Private Limited, Clover Technologies Private Limited, Worthwhile Properties Private Limited and 5 more | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Kunal Gopinath Nagarkatti | Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Javed Faizullah Tapia | Director | 15 Feb 2012 | 14 Years 8 Months | Current |
Peer Comparison of Clover Transaction Systems Private Limited
Clover Transaction Systems Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Proskill Ventures Private Limited | ₹1.1 Lakh (FY 2021) | •••• | •••• | 446.0% | •••• | Mumbai, Maharashtra, India |
| Siddhishree Reality Private Limited | ₹1.1 Lakh (FY 2025) | •••• | •••• | -56.0% | •••• | Kolkata, West Bengal, India |
| Ellipsis Research and Business Solutions Private Limited | ₹1.1 Lakh (FY 2025) | •••• | •••• | -42.0% | •••• | Navi Mumbai, Maharashtra, India |
| Armox Consulting Private Limited | ₹1.09 Lakh (FY 2024) | •••• | •••• | 36.0% | •••• | Delhi, India |
| R.Kumar Singal Consultants Private Limited | ₹1.09 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Clover Transaction Systems Private Limited this company | ₹1.09 Lakh (FY 2025) | •••• | •••• | -56.0% | •••• | Mumbai, Maharashtra, India |
| Ihc Advisory Services Private Limited | ₹1.09 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Gaze Advisors Private Limited | ₹1.09 Lakh (FY 2015) | •••• | •••• | -92.0% | •••• | New Delhi, Delhi, India |
| Asta E Services Private Limited | ₹1.09 Lakh (FY 2018) | •••• | •••• | 41.0% | •••• | Delhi, India |
| Aura Management Services Private Limited | ₹1.09 Lakh (FY 2020) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Buzzworks Digital Consulting Private Limited | ₹1.09 Lakh (FY 2018) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Clover Transaction Systems by revenue in the Outsourcing industry (Consulting Services), 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 Clover Transaction Systems Private Limited
Clover Transaction Systems Private Limited is audited by AMIT & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMIT & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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Ownership and Shareholding of Clover Transaction Systems 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 Clover Transaction Systems Private Limited
Clover Transaction Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Clover Transaction Systems Private Limited
Employment history and EPFO contributions of people linked to Clover Transaction Systems.
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.
Recent Activity on Clover Transaction Systems Private Limited
Clover Transaction Systems Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Farokh Kekhushroo Banatwalla ceased to be Additional Director on 23 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Clover Transaction Systems 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 Clover Transaction Systems 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
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Subsidiaries & Group Companies of Clover Transaction Systems 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 Clover Transaction Systems Private Limited
Clover Transaction Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC7283J1ZA | 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
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MCA Filings & Documents of Clover Transaction Systems 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
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Related news about Clover Transaction Systems Private Limited
Frequently Asked Questions about Clover Transaction Systems Private Limited
Clover Transaction Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 February 2012 (14+ years old) and is registered under CIN U29200MH2012PTC226961.
Clover Transaction Systems reported revenue of ₹1.09 Lakh for FY 2025 (down 56% YoY).
Clover Transaction Systems has 3 current directors:
- Farokh Kekhushroo Banatwalla - Director
- Kunal Gopinath Nagarkatti - Director
- Javed Faizullah Tapia - Director
Clover Transaction Systems reported a net profit of ₹24,589 (net margin 22.5%) and EBITDA of ₹30,555 (EBITDA margin 27.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Clover Transaction Systems is 41% over three years and -16% over five years. In the latest year (FY 2025) revenue fell 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Clover Transaction Systems is 27AAECC7283J1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clover Transaction Systems is U29200MH2012PTC226961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Transaction Systems was incorporated on 15 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Clover Transaction Systems by revenue are Proskill Ventures Private Limited, Siddhishree Reality Private Limited, Ellipsis Research and Business Solutions Private Limited, Armox Consulting Private Limited, R.Kumar Singal Consultants Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Farokh Kekhushroo Banatwalla ceased to be Additional Director on 23 Sep 2016. Azim Faizullah Tapia ceased to be Director on 01 Jan 2016. Farokh Kekhushroo Banatwalla was appointed as Director on 01 Jan 2016. Clover Transaction Systems has 6 board changes on record in total.
Clover Transaction Systems can be reached through the website cloverinfotech.com. Its registered office is in Mumbai, Maharashtra, India.