MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-AP-05-0000009
Forit Solutions Private Limited
Forit Solutions Private Limited - information technology in Rajampet, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹17,700
▼ 81% YoY
Net loss · FY 2021
₹20,249
Net margin -114.4%
EBITDA · FY 2021
-₹8,689
EBITDA margin -49.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
GST registrations
1
None active
About Forit Solutions Private Limited
Data last updated:
Forit Solutions Private Limited is a private limited company based in Rajampet, Andhra Pradesh, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 02 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2019PTC111618. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chetankumar Tiruvaipati (Managing Director) and Padmavathi Tiruvaipati.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 6 – 969 – C – 6 – D Vidyuth Nagar Revenue Ward No 6, Rajampet, Andhra Pradesh, India – 516115.
As per the financials filed for FY 2021, the company reported a revenue of ₹17,700, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹20,249 (net margin -114.4%) and EBITDA of -₹8,689 (EBITDA margin -49.1%).
Forit Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-05-0000009).
Company details
CIN U72900AP2019PTC111618
Registration Number 111618
Incorporation Date 02 April 2019
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-AP-05-0000009
Recognitions & Rankings of Forit Solutions
Contact details
Forit Solutions Private Limited's registered office is in Rajampet, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address6 – 969 – C – 6 – D Vidyuth Nagar Revenue Ward No 6, Rajampet, Andhra Pradesh, India – 516115
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Forit Solutions Private Limited, buy the company report.
Comprehensive company report
Forit Solutions Private Limited - one report that includes everything
- 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 Forit Solutions Private Limited
FY 2024 filings availableForit Solutions Private Limited reported revenue of ₹17,700 (down 81% YoY) for FY 2021.
Revenue · FY 2021
₹17,700 ▼ 81%
Net loss · FY 2021
₹20,249 margin -114.4%
EBITDA · FY 2021
-₹8,689 margin -49.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 81%
Revenue fell 81% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹17,700 | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹8,689 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹20,249 | |
| 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 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -49.1% | |
| Net Profit Margin | -114.4% | |
| 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 Forit Solutions Private Limited, buy the company report.
Board of directors of Forit Solutions Private Limited
Forit Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetankumar Tiruvaipati | Managing Director | 02 Apr 2019 | 7 Years 6 Months | Current |
| Padmavathi Tiruvaipati Also directs: Forit Media Networks LLP | Director | 18 Nov 2022 | 3 Years 11 Months | Current |
Legal cases
No court or tribunal cases involving Forit Solutions 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 Forit Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forit Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Forit Solutions Private Limited, buy the company report.
Recent activity
Forit Solutions Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Dheerajkumarreddy Yerrabapu ceased to be Director on 18 Nov 2022.
AGM
Forit Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Forit Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Ceased
Dheerajkumarreddy Yerrabapu ceased to be Director.
Appointed
Padmavathi Tiruvaipati was appointed as Director.
Appointed
Chetankumar Tiruvaipati was appointed as Managing Director.
Incorporation
02 Apr 2019
Forit Solutions Private Limited was registered on 02 Apr 2019 with Roc Vijayawada & aged 7 years 6 months as per MCA records.
Frequently asked questions
Forit Solutions is an active private limited company based in Rajampet, Andhra Pradesh, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 02 April 2019 (7+ years old) and is registered under CIN U72900AP2019PTC111618.
Forit Solutions has 2 current directors:
- Chetankumar Tiruvaipati - Managing Director
- Padmavathi Tiruvaipati - Director
The latest financial statements of Forit Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
No. Forit Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Forit Solutions is U72900AP2019PTC111618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forit Solutions was incorporated on 02 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Vijayawada.
Dheerajkumarreddy Yerrabapu ceased to be Director on 18 Nov 2022. Padmavathi Tiruvaipati was appointed as Director on 18 Nov 2022. Chetankumar Tiruvaipati was appointed as Managing Director on 02 Apr 2019.
Yes, Forit Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-AP-05-0000009).
The registered office of Forit Solutions is at 6 – 969 – C – 6 – D Vidyuth Nagar Revenue Ward No 6, Rajampet, Andhra Pradesh, India – 516115.
Forit Solutions operates in the information technology industry, in the other computer related activities segment.