About Flo IT Services Private Limited
Data last updated:
Flo IT Services Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Flo Group Holding Bv. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2011FTC169598. Its GSTIN is 27AAHCM0624N1ZA (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.58 Lakh. It was formerly known as Mw It Services Private Limited. It is led by directors including Gopalan Vasudevan and Pravin Kankane.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Road Amanora Mall Mundhwa Kharadi Road Amanora Park, Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.44 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹66.86 Lakh (net margin 1.8%) and EBITDA of ₹5.13 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 19% over five years.
The company has about 145 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Flo Group.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flo-group.com.
CIN History of Flo IT Services Private Limited
Flo IT Services has one previous CIN (Corporate Identification Number): U72900DL2011FTC215276. The current CIN is U72900PN2011FTC169598, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900PN2011FTC169598 | Current |
| U72900DL2011FTC215276 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAwfis Space Solutions 2nd Floor Mundhwa Kharadi, Road Amanora Mall Mundhwa Kharadi Road Amanora Park Town, Pune, Maharashtra, India – 411028
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands with Flo IT Services Private Limited
Flo IT Services operates one associated brand: Flo Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flo Group is acquired by Accenture to enhance Oracle supply chain solutions. | flo-group.com |
Business Activity of Flo IT Services Private Limited
The main business activity of Flo IT Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| 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 |
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 Flo IT Services Private Limited FY 2025 filings available
Flo IT Services Private Limited reported revenue of ₹36.44 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Flo IT Services Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 3% 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 Flo IT Services 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 | ₹5.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹66.86 Lakh | •••• | •••• | •••• | •••• |
| 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 Flo IT Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.8% | •••• | •••• | •••• | •••• |
| 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 Flo IT Services 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 Flo IT Services Private Limited
Flo IT Services 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 |
|---|---|---|---|---|
| Gopalan Vasudevan | Director | 01 Jul 2016 | 10 Years 3 Months | Current |
| Pravin Kankane | Director | 27 May 2019 | 7 Years 4 Months | Current |
| Manickavasagam Uppiliyappan | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
Peer Comparison of Flo IT Services Private Limited
Flo IT Services 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 |
|---|---|---|---|---|---|---|
| Deloitte Special Projects India Private Limited | ₹36.5 Cr (FY 2025) | •••• | •••• | -75.0% | •••• | Hyderabad, Telangana, India |
| Airasia Technology Centre India Private Limited | ₹36.49 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bangalore, Karnataka, India |
| Barone Budge and Dominick India Private Limited | ₹36.49 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pune, Maharashtra, India |
| Sysveda Information Technology Private Limited | ₹36.49 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Chennai, Tamil Nadu, India |
| Zenwork Digital India Private Limited | ₹36.46 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Hyderabad, Telangana, India |
| Flo IT Services Private Limited this company | ₹36.44 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| Auriga IT Solutions Private Limited | ₹36.43 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Jaipur, Rajasthan, India |
| Reval India Private Limited | ₹36.42 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
| Novopay Solutions Private Limited | ₹36.41 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Fendahl Technology Private Limited | ₹36.4 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Nagpur, Maharashtra, India |
| Speedwell IT Solutions Private Limited | ₹36.38 Cr (FY 2023) | •••• | •••• | -3.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Flo IT Services 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 Flo IT Services Private Limited
Flo IT Services Private Limited is audited by MSKA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MSKA & Associates | 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.
Ownership and Shareholding of Flo IT Services 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 Flo IT Services Private Limited
Flo IT Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Flo IT Services Private Limited
Flo IT Services Private Limited has a workforce of 145 employees as of Mar 27, 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.
Recent Activity on Flo IT Services Private Limited
Flo IT Services Private Limited has 12 board changes on record since 2016: 3 appointments and 9 cessations. The latest: Manickavasagam Uppiliyappan ceased to be Additional Director on 14 Aug 2020.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Flo IT Services 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 Flo IT Services 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 Flo IT Services 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 Flo IT Services Private Limited
Flo IT Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM0624N1ZA | 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 Flo IT Services 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.
Related news about Flo IT Services Private Limited
Frequently Asked Questions about Flo IT Services Private Limited
Flo IT Services is an active foreign private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 March 2011 (15+ years old) and is registered under CIN U72900PN2011FTC169598.
Flo IT Services reported revenue of ₹36.44 Cr for FY 2025 (down 6% YoY).
Flo IT Services has 3 current directors:
- Gopalan Vasudevan - Director
- Pravin Kankane - Director
- Manickavasagam Uppiliyappan - Director
Flo IT Services reported a net profit of ₹66.86 Lakh (net margin 1.8%) and EBITDA of ₹5.13 Cr (EBITDA margin 14.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flo IT Services is 30% over three years and 19% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Flo IT Services is 27AAHCM0624N1ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Flo IT Services is U72900PN2011FTC169598. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flo IT Services was incorporated on 07 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Flo IT Services by revenue are Deloitte Special Projects India Private Limited, Airasia Technology Centre India Private Limited, Barone Budge and Dominick India Private Limited, Sysveda Information Technology Private Limited, Zenwork Digital India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Manickavasagam Uppiliyappan ceased to be Additional Director on 14 Aug 2020. Manickavasagam Uppiliyappan was appointed as Director on 01 Apr 2020. Pravin Kankane ceased to be Additional Director on 30 Sep 2019. Flo IT Services has 12 board changes on record in total.
Flo IT Services can be reached through the website flo-group.com. Its registered office is in Pune, Maharashtra, India.