Solv Platforms Private Limited

Solv Platforms Private Limited - internet in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN U66000KA2019PTC120109 Incorporated 08 January 2019 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Private Limited Company internet MSME
Data last updated
Revenue · FY 2024
₹141.16 Cr
▲ 60% YoY
Net loss · FY 2024
₹374.57 Cr
Net margin -265.3%
EBITDA · FY 2024
-₹359.85 Cr
EBITDA margin -254.9%
Authorised capital
₹221 Cr
Registered with MCA
Paid-up capital
₹117.72 Cr
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
353
Provident fund records
Directors on board
2
As per MCA filings

About Solv Platforms Private Limited

Data last updated:

Solv Platforms Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Solv India Pte Ltd. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 08 January 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U66000KA2019PTC120109.

The company has an authorised share capital of ₹221 Cr and a paid-up capital of ₹117.72 Cr. It is led by directors Subramanian Karthik Venkateswaran and Ashish Jhina.

Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bengaluru, Karnataka.

As per the financials filed for FY 2024, the company reported a revenue of ₹141.16 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net loss of ₹374.57 Cr (net margin -265.3%) and EBITDA of -₹359.85 Cr (EBITDA margin -254.9%). Revenue has grown at a compounded annual rate (CAGR) of 338% over three years.

The company has about 353 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Solv. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹73.89 Cr; the latest was in September 2024. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 876 overdue payments to 66 micro and small suppliers.

Solv Platforms Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0165386). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U66000KA2019PTC120109
Registration Number 120109
Incorporation Date 08 January 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Solv India Pte Ltd
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0165386

CIN history

Solv Platforms has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66000KA2019PTC120109, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U66000KA2019PTC120109Current
U74999KA2019FTC120109Previous
U66000KA2019FTC120109Previous
Key People
Subramanian Karthik Venkateswaran Director Ashish Jhina Director

Recognitions & Rankings of Solv Platforms

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-KR-03-0165386

Contact details

Solv Platforms Private Limited's registered office is in Bengaluru, Karnataka.

  • Registered Address
    2nd Floor Indiqube Edge Khata No.571/630/6/4 Ambalipura Village Varthur Hobli Mahad, Evpura Div, Bengaluru, Karnataka, India – 560102
  • Industry
    Internet, Online Service Marketplaces
Comprehensive company report
Solv Platforms 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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Brands

Solv Platforms operates one associated brand: Solv. Each brand links to its own profile.

BrandDescriptionWebsite
Solv
A B2B e-commerce platform is operated for MSMEs in India.solvezy.com

Business activity

The main business activity of Solv Platforms is information and communication. In detail, this covers other information & communication service activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ8Other information & communication service activities

To see the full business activity and turnover split of Solv Platforms Private Limited, buy the company report.

Financials of Solv Platforms Private Limited

FY 2024 filings available

Solv Platforms Private Limited reported revenue of ₹141.16 Cr (up 60% YoY) for FY 2024.

Revenue · FY 2024
₹141.16 Cr ▲ 60%
Net loss · FY 2024
₹374.57 Cr margin -265.3%
EBITDA · FY 2024
-₹359.85 Cr margin -254.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 338%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 85%

Revenue has grown at a compounded annual rate (CAGR) of 338% over three years, including 60% growth in the latest year. EBITDA fell 37% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹141.16 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹359.85 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹374.57 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-254.9%
Net Profit Margin-265.3%
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 Solv Platforms Private Limited, buy the company report.

Board of directors of Solv Platforms Private Limited

Solv Platforms has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Subramanian Karthik Venkateswaran
Also directs: Jumbotail Wholesale Private Limited, Kisanco Ventures Private Limited, Jumbotail Growthfin Private Limited and 2 more
Director26 Jun 20251 Years 4 MonthsCurrent
Ashish Jhina
Also directs: Jumbotail Wholesale Private Limited, Kisanco Ventures Private Limited, Jumbotail Growthfin Private Limited and 3 more
Director26 Jun 20251 Years 4 MonthsCurrent
View all directors

Deals & funding

Solv Platforms Private Limited has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹73.89 Cr; the latest was in September 2024.

Total deals
9
Rights issues
5
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹73.89 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Sep 2024Rights issue₹124.28 CrInvestors: Solv-India Pte. Limited
Jun 2023Secondary share transferUndisclosedBuyer: Sc Ventures Holdings Limited
Seller: Stanchart Nominees Limited
Aug 2022Rights issue₹763.33 CrInvestors: Solv-India Pte. Limited
Dec 2021Secondary share transferUndisclosedBuyer: Solv-India Pte. Limited
Seller: Standard Chartered UK Holdings Limited
Oct 2021Rights issue₹37.43 CrInvestors: Standard Chartered UK Holdings Limited

To see the full deal history of Solv Platforms Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Solv Platforms Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 876 overdue payments to 66 micro and small suppliers. 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 (5 of 66)

SupplierAmount dueDue sinceReported on
Felurian Technology Private Limited
Trumove Services Private Limited
Accion Technologies Private Limited
BMP & Co. LLP
Qapita Equitytech Limited

To see the full MSME payment records of Solv Platforms Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

No GST registration is on our record for Solv Platforms Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Solv Platforms Private Limited has 12 board changes on record since 2020: 2 appointments and 10 cessations. The latest: Sharad Ajitsaria Shyan ceased to be CFO on 29 Jul 2025.

Ceased
Sharad Ajitsaria Shyan ceased to be CFO.
Appointed
Ashish Jhina was appointed as Director.
Ceased
Sanjay Madhusudan Gurjar ceased to be Additional Director.
Appointed
Subramanian Karthik Venkateswaran was appointed as Director.
AGM
Solv Platforms Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Ceased
Gautam Jain ceased to be Additional Director.
Ceased
Nicholas William Gilbert ceased to be Additional Director.
Ceased
Zarin Bomi Daruwala ceased to be Director.
Filing
Solv Platforms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Alexandre Lucien Manson ceased to be Director.
Ceased
Manu Anand ceased to be Additional Director.
Ceased
Amit Bansal ceased to be Additional Director.

3 earlier events are in the company report.

News

Frequently asked questions

Solv Platforms is an active private limited company based in Bengaluru, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 08 January 2019 (7+ years old) and is registered under CIN U66000KA2019PTC120109.

Solv Platforms has 2 current directors:

The latest financial statements of Solv Platforms on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2019 are in the company report.

The CIN (Corporate Identification Number) of Solv Platforms is U66000KA2019PTC120109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Solv Platforms has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.

Solv Platforms was incorporated on 08 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

Solv Platforms has 9 deals on record (5 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹73.89 Cr; the latest was in September 2024.

Sharad Ajitsaria Shyan ceased to be CFO on 29 Jul 2025. Ashish Jhina was appointed as Director on 26 Jun 2025. Sanjay Madhusudan Gurjar ceased to be Additional Director on 26 Jun 2025. Solv Platforms has 12 board changes on record in total.

Yes, Solv Platforms is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0165386).

Solv Platforms has 16 MSME Form 1 returns on record between 2019 and 2024, listing 876 overdue payments to 66 micro and small suppliers. The latest return was filed on 29 Apr 2024.

The registered office of Solv Platforms is at 2nd Floor Indiqube Edge Khata No.57163064 Ambalipura Village Varthur Hobli Mahad, Evpura Div, Bengaluru, Karnataka, India – 560102.