Startup India Government of India
Zolute Technology and Consulting Private Limited - information technology in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹47.02 Lakh
▼ 18% YoY
Net loss · FY 2023
₹7.06 Lakh
Net margin -15%
EBITDA · FY 2023
-₹5.63 Lakh
EBITDA margin -12%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
GST registrations
1
None active
About Zolute Technology and Consulting Private Limited
Data last updated:
Zolute Technology and Consulting Private Limited is a private limited company based in Indore, Madhya Pradesh, India, a subsidiary of Zolute Internet Solutions Private Limited and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 02 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72900MP2017PTC042778. The company has 1 GST registration on record, which is no longer active.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 including Hussain Jawad Wala and Burhanuddin Lokhandwala.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 808 Khatiwala Tank, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2023, the company reported a revenue of ₹47.02 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹7.06 Lakh (net margin -15%) and EBITDA of -₹5.63 Lakh (EBITDA margin -12%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 35% over five years.
The company is associated with 1 brand: Zolute.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zolute.consulting.
Company details
CIN U72900MP2017PTC042778
Registration Number 042778
Incorporation Date 02 March 2017
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Parent Company Zolute Internet Solutions Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Zolute Technology and Consulting
Contact details
Zolute Technology and Consulting Private Limited's registered office is in Indore, Madhya Pradesh. Its website is zolute.consulting. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address808 Khatiwala Tank, Indore, Madhya Pradesh, India – 452001
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Zolute Technology and Consulting Private Limited, buy the company report.
Comprehensive company report
Zolute Technology and Consulting 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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Secure checkout · GST invoice included
Brands
Zolute Technology and Consulting operates one associated brand: Zolute. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a unified IT service suite for infrastructure management and user support. | zolute.consulting |
Business activity
The main business activity of Zolute Technology and Consulting is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Zolute Technology and Consulting Private Limited, buy the company report.
Financials of Zolute Technology and Consulting Private Limited
FY 2023 filings availableZolute Technology and Consulting Private Limited reported revenue of ₹47.02 Lakh (down 18% YoY) for FY 2023.
Revenue · FY 2023
₹47.02 Lakh ▼ 18%
Net loss · FY 2023
₹7.06 Lakh margin -15%
EBITDA · FY 2023
-₹5.63 Lakh margin -12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 36%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▼ 192%
3 years · compounded
▼ 224%
5 years · compounded
▼ 62%
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 35%. EBITDA fell 192% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹47.02 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.06 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12% | ||||
| Net Profit Margin | -15% | ||||
| 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 Zolute Technology and Consulting Private Limited, buy the company report.
Board of directors of Zolute Technology and Consulting Private Limited
Zolute Technology and Consulting has 3 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 |
|---|---|---|---|---|
| Hussain Jawad Wala Also directs: Zolute Internet Solutions Private Limited | Director | 02 Mar 2017 | 9 Years 7 Months | Current |
| Burhanuddin Lokhandwala | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Husain Salim | Director | 02 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Zolute Technology and Consulting Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crackerjacks Infotech Private Limited | ₹47.36 Lakh (FY 2025) | 35.0% | Rohtas, Bihar, India | |||
| Autologicai Private Limited | ₹47.26 Lakh (FY 2024) | Hyderabad, Telangana, India | ||||
| Dr Infosoft Private Limited | ₹47.24 Lakh (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Abhiman Technologies Private Limited | ₹47.21 Lakh (FY 2018) | -79.0% | Bangalore, Karnataka, India | |||
| 1Health Integrated Services Private Limited | ₹47.16 Lakh (FY 2024) | -14.0% | Hyderabad, Telangana, India | |||
| Zolute Technology and Consulting Private Limitedthis company | ₹47.02 Lakh (FY 2023) | -₹7.06 Lakh | -15% | -18.0% | Indore, Madhya Pradesh, India | |
| Brightcanyon Solutions India Private Limited | ₹46.99 Lakh (FY 2022) | -32.0% | Bangalore, Karnataka, India | |||
| Specom Universe Private Limited | ₹46.98 Lakh (FY 2024) | 36.0% | Mysore, Karnataka, India | |||
| Appmatics Systems Private Limited | ₹46.95 Lakh (FY 2021) | -22.0% | Kolkata, West Bengal, India | |||
| Emga Innovation Private Limited | ₹46.87 Lakh (FY 2024) | 601.0% | Delhi, India | |||
| Dataeinstein Technology Private Limited | ₹46.83 Lakh (FY 2023) | Noida, Uttar Pradesh, India |
To see the full peer comparison of Zolute Technology and Consulting Private Limited, buy the company report.
Auditor
Zolute Technology and Consulting Private Limited is audited by BASANT JAIN & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASANT JAIN & COMPANY | FY 2023 | 005128C |
Shareholding
The shareholding of Zolute Technology and Consulting Private Limited is on record for 5 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zolute Technology and Consulting Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Zolute Technology and Consulting 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 Zolute Technology and Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Zolute Technology and Consulting 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 Zolute Technology and Consulting Private Limited, buy the company report.
Recent activity
Zolute Technology and Consulting Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Burhanuddin Lokhandwala was appointed as Director on 12 Nov 2018.
AGM
Zolute Technology And Consulting Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Zolute Technology And Consulting Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.
Appointed
Burhanuddin Lokhandwala was appointed as Director.
Ceased
Ishan Trivedi ceased to be Director.
Appointed
Husain Salim was appointed as Director.
Appointed
Hussain Jawad Wala was appointed as Director.
Incorporation
02 Mar 2017
Zolute Technology And Consulting Private Limited was registered on 02 Mar 2017 with Roc Gwalior & aged 9 years 7 months as per MCA records.
Frequently asked questions
Zolute Technology and Consulting is an active private limited company based in Indore, Madhya Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 02 March 2017 (9+ years old) and is registered under CIN U72900MP2017PTC042778.
Zolute Technology and Consulting has 3 current directors:
- Hussain Jawad Wala - Director
- Burhanuddin Lokhandwala - Director
- Husain Salim - Director
The latest financial statements of Zolute Technology and Consulting on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
No. Zolute Technology and Consulting has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Zolute Technology and Consulting is U72900MP2017PTC042778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zolute Technology and Consulting was incorporated on 02 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Zolute Technology and Consulting by revenue are Crackerjacks Infotech Private Limited, Autologicai Private Limited, Dr Infosoft Private Limited, Abhiman Technologies Private Limited, 1Health Integrated Services Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Burhanuddin Lokhandwala was appointed as Director on 12 Nov 2018. Ishan Trivedi ceased to be Director on 30 Apr 2018. Husain Salim was appointed as Director on 02 Mar 2017. Zolute Technology and Consulting has 4 board changes on record in total.
Yes, Zolute Technology and Consulting is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Zolute Technology and Consulting can be reached through the website zolute.consulting. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Zolute Technology and Consulting is at 808 Khatiwala Tank, Indore, Madhya Pradesh, India – 452001.