About Xel IT Services Private Limited
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Xel IT Services Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 24 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2014PTC092498. Its GSTIN is 36AAFCC5705J1ZN (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Xel It Solutions Private Limited and Cloud Palazzo Solutions Private Limited. It is led by directors Thota Kamalakar (Managing Director) and Thota Madhu Sudhana Rao.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8 – 55/1 Pragathi Homes Near Smp Model High School Hydershakote Rajendra Nagar, Hyderabad, Telangana, India – 500091.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹1.01 Lakh (net margin 0.7%) and EBITDA of ₹5.46 Lakh (EBITDA margin 3.6%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 7% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xelits.com.
Company details
Name history
Xel IT Services has undergone 3 name changes throughout its history. The company was previously known as Xel It Solutions Private Limited, Cloud Palazzo Solutions Private Limited, and Xel It Solutions India Private Limited. The current legal name is Xel It Services Private Limited.
| Company Name | Status |
|---|---|
| Xel IT Services Private Limited | Current |
| Xel It Solutions Private Limited | Previous |
| Cloud Palazzo Solutions Private Limited | Previous |
| Xel It Solutions India Private Limited | Previous |
CIN history
Xel IT Services has one previous CIN (Corporate Identification Number): U72200AP2014PTC092498. The current CIN is U72200TG2014PTC092498, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2014PTC092498 | Current |
| U72200AP2014PTC092498 | Previous |
Contact details
Xel IT Services Private Limited's registered office is in Hyderabad, Telangana. Its website is xelits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8 – 55/1 Pragathi Homes Near Smp Model High School Hydershakote Rajendra Nagar, Hyderabad, Telangana, India – 500091
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Xel IT Services 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 Xel IT Services 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 Xel IT Services Private Limited, buy the company report.
Financials of Xel IT Services Private Limited
FY 2025 filings availableXel IT Services Private Limited reported revenue of ₹1.54 Cr (down 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 36% fall in the latest year. EBITDA fell 43% 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 | ₹5.46 Lakh | ||||
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| Net Profit (PAT) | ₹1.01 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Xel IT Services Private Limited, buy the company report.
Board of directors of Xel IT Services Private Limited
Xel IT Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thota Kamalakar | Managing Director | 03 Aug 2016 | 10 Years 2 Months | Current |
| Thota Madhu Sudhana Rao | Director | 24 Jan 2014 | 12 Years 9 Months | Current |
Peer comparison
Xel IT Services Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aadyanta B2b Solutions Private Limited | ₹1.54 Cr (FY 2024) | 222.0% | Pune, Maharashtra, India | |||
| Tuvis Techsystems Private Limited | ₹1.54 Cr (FY 2024) | 0.0% | Bhubaneswar, Odisha, India | |||
| Rombo India Private Limited | ₹1.54 Cr (FY 2024) | 11.0% | Delhi, India | |||
| Indus Knowledgeware Private Limited | ₹1.54 Cr (FY 2024) | 142.0% | Gurgaon, Haryana, India | |||
| G&A Strategic Planners Private Limited | ₹1.54 Cr (FY 2024) | 290.0% | Gurugram, Haryana, India | |||
| Xel IT Services Private Limitedthis company | ₹1.54 Cr (FY 2024) | ₹1.01 Lakh | 0.7% | -36.0% | 6 | Hyderabad, Telangana, India |
| Proactive Pharmaceuticals Private Limited | ₹1.54 Cr (FY 2025) | 103.0% | Muktsar, Punjab, India | |||
| Izel Technologies Private Limited | ₹1.54 Cr (FY 2024) | 111.0% | Pune, Maharashtra, India | |||
| Celsicon Technologies Private Limited | ₹1.54 Cr (FY 2025) | 93.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Xel IT Services Private Limited, buy the company report.
Auditor
Xel IT Services Private Limited is audited by VENKATA RAMAPPA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATA RAMAPPA & ASSOCIATES | FY 2019 | 012753S |
Shareholding
The shareholding of Xel IT Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Xel IT Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Xel IT Services 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 Xel IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xel IT Services Private Limited has a workforce of 6 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Xel IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCC5705J1ZN | Telangana | Active | 01 Jul 2018 |
To see the full GST registrations and return filing status of Xel IT Services Private Limited, buy the company report.
Recent activity
Xel IT Services Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Chenna Rayudu Thota ceased to be Director on 23 Dec 2022.
Frequently asked questions
Xel IT Services is an active private limited company based in Hyderabad, Telangana, India. The company works in software development and support services, within the information technology industry. It was incorporated on 24 January 2014 (12+ years old) and is registered under CIN U72200TG2014PTC092498.
Xel IT Services has 2 current directors:
- Thota Kamalakar - Managing Director
- Thota Madhu Sudhana Rao - Director
The latest financial statements of Xel IT Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Xel IT Services is 36AAFCC5705J1ZN, registered in Telangana.
The CIN (Corporate Identification Number) of Xel IT Services is U72200TG2014PTC092498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xel IT Services was incorporated on 24 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Xel IT Services by revenue are Aadyanta B2b Solutions Private Limited, Tuvis Techsystems Private Limited, Rombo India Private Limited, Indus Knowledgeware Private Limited, G&A Strategic Planners Private Limited and 3 more, all in the same principal business activity (other professional, scientific and technical activities).
Chenna Rayudu Thota ceased to be Director on 23 Dec 2022. Thota Kamalakar was appointed as Managing Director on 03 Aug 2016. Thota Madhu Sudhana Rao was appointed as Director on 24 Jan 2014.
Xel IT Services can be reached through the website xelits.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Xel IT Services is at 8 – 551 Pragathi Homes Near Smp Model High School Hydershakote Rajendra Nagar, Hyderabad, Telangana, India – 500091.
Xel IT Services operates in the information technology industry, in the software development and support services segment.
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