Clovirtual Fashion Private Limited
About Clovirtual Fashion Private Limited
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Clovirtual Fashion Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Clo Virtual Fashion Inc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 01 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018FTC117148. Its GSTIN is 29AAHCC7865R1ZJ (Karnataka).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹76 Lakh. It is led by directors Jihong Kim and Neelam Chandwani.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Mfar Manyata Tech Park, Green Heart Phase IV Nagawara Bangalore, Karnataka, India – 560045.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.36 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹5.87 Cr (net margin 17.6%) and EBITDA of ₹8.31 Cr (EBITDA margin 24.9%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 113% over five years.
The company is associated with 1 brand: CLO.
Company details
Contact details
Clovirtual Fashion Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Mfar Manyata Tech Park, Green Heart Phase IV Nagawara Bangalore, Karnataka, India – 560045
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Clovirtual Fashion 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
Business activity
The main business activity of Clovirtual Fashion is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Clovirtual Fashion Private Limited, buy the company report.
Financials of Clovirtual Fashion Private Limited
FY 2024 filings availableClovirtual Fashion Private Limited reported revenue of ₹33.36 Cr (up 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 113% over five years, including 45% growth in the latest year. EBITDA rose 29% 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 |
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| EBITDA | ₹8.31 Cr | ||||
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| Net Profit (PAT) | ₹5.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 24.9% | ||||
| Net Profit Margin | 17.6% | ||||
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To see the full financial statements and ratios of Clovirtual Fashion Private Limited, buy the company report.
Board of directors of Clovirtual Fashion Private Limited
Clovirtual Fashion has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jihong Kim Also directs: Govise Technologies Private Limited | Director | 01 Oct 2018 | 8 Years 1 Months | Current |
| Neelam Chandwani Also directs: Govise Technologies Private Limited | Director | 01 Oct 2018 | 8 Years 1 Months | Current |
Auditor
Clovirtual Fashion Private Limited is audited by Priya C V and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Priya C V and Associates | FY 2023 | 018671S |
Shareholding
The shareholding of Clovirtual Fashion Private Limited is on record for 4 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 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Clovirtual Fashion Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Clovirtual Fashion 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
Clovirtual Fashion Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Best Digital Prints Private Limited |
To see the full MSME payment records of Clovirtual Fashion Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Clovirtual Fashion has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC7865R1ZJ | Karnataka | Active | 06 Dec 2018 |
To see the full GST registrations and return filing status of Clovirtual Fashion Private Limited, buy the company report.
Recent activity
Clovirtual Fashion Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Jihong Kim was appointed as Director on 01 Oct 2018.
Frequently asked questions
Clovirtual Fashion is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 01 October 2018 (8+ years old) and is registered under CIN U72900KA2018FTC117148.
Clovirtual Fashion has 2 current directors:
- Jihong Kim - Director
- Neelam Chandwani - Director
The latest financial statements of Clovirtual Fashion on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 19 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Clovirtual Fashion is 29AAHCC7865R1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Clovirtual Fashion is U72900KA2018FTC117148. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clovirtual Fashion was incorporated on 01 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Jihong Kim was appointed as Director on 01 Oct 2018. Neelam Chandwani was appointed as Director on 01 Oct 2018.
Clovirtual Fashion has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 01 Jun 2019.
The registered office of Clovirtual Fashion is at 2nd Floor Mfar Manyata Tech Park, Green Heart Phase IV Nagawara Bangalore, Karnataka, India – 560045.
Clovirtual Fashion operates in the information technology industry, in the software development and support services segment.
Clovirtual Fashion has 1 associated brand: Clo.
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