Apple & Olive IT Solutions Private Limited
About Apple & Olive IT Solutions Private Limited
Data last updated:
Apple & Olive IT Solutions Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72200AP2015PTC097053. Its GSTIN is 37AANCA6470C2ZL (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jayaprakash Rao Panthagada and Leela Panthagada.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mig – 1 Vuda Layout Marripalem, Visakhapatnam, Andhra Pradesh, India – 530018.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.48 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹20.37 Lakh (net margin 5.9%) and EBITDA of ₹28.91 Lakh (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 93% over three years and 141% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.05 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Apple & Olive IT Solutions Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMig – 1 Vuda Layout Marripalem, Visakhapatnam, Andhra Pradesh, India – 530018
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Apple & Olive IT Solutions 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 Apple & Olive IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Apple & Olive IT Solutions Private Limited, buy the company report.
Financials of Apple & Olive IT Solutions Private Limited
FY 2022 filings availableApple & Olive IT Solutions Private Limited reported revenue of ₹3.48 Cr (down 62% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 141%. EBITDA fell 70% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹28.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.37 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Apple & Olive IT Solutions Private Limited, buy the company report.
Board of directors of Apple & Olive IT Solutions Private Limited
Apple & Olive IT Solutions 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 |
|---|---|---|---|---|
| Leela Panthagada Also directs: PW Springs LLP | Additional Director | 22 Feb 2021 | 5 Years 8 Months | Current |
| Jayaprakash Rao Panthagada Also directs: P7 Global IT Private Limited, Graffiti Impex Private Limited | Director | 24 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Apple & Olive IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dealsplus Technologies (India) Private Limited | ₹3.49 Cr (FY 2024) | 149.0% | Surat, Gujarat, India | |||
| Zopflix Softech Private Limited | ₹3.49 Cr (FY 2025) | 20.0% | Panchkula, Haryana, India | |||
| Neoito Infotech Private Limited | ₹3.48 Cr (FY 2024) | Thiruvananthapuram, Kerala, India | ||||
| Ennovations Techserv Private Limited | ₹3.48 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| XLNT Powertek Private Limited | ₹3.48 Cr (FY 2025) | 3.0% | Bangalore, Karnataka, India | |||
| Apple & Olive IT Solutions Private Limitedthis company | ₹3.48 Cr (FY 2022) | ₹20.37 Lakh | 5.9% | -62.0% | 2 | Visakhapatnam, Andhra Pradesh, India |
| Invent Softlabs (India) Private Limited | ₹3.48 Cr (FY 2024) | 14.0% | Chennai, Tamil Nadu, India | |||
| Ambiw Web Private Limited | ₹3.48 Cr (FY 2024) | 8.0% | Rajkot, Gujarat, India | |||
| Logic Simplified Private Limited | ₹3.47 Cr (FY 2024) | -4.0% | Dehradun, Uttarakhand, India | |||
| Jumpstart Technologies Private Limited | ₹3.47 Cr (FY 2024) | 84.0% | Bangalore, Karnataka, India | |||
| 3Ri Technologies Private Limited | ₹3.47 Cr (FY 2024) | 22.0% | Pune, Maharashtra, India |
To see the full peer comparison of Apple & Olive IT Solutions Private Limited, buy the company report.
Auditor
Apple & Olive IT Solutions Private Limited is audited by B R A N D & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R A N D & ASSOCIATES | FY 2022 | 012344S |
Shareholding
The shareholding of Apple & Olive IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Apple & Olive IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2022 | 100612262 | Canara Bank | ₹60 Lakh | Open | |
| 06 Mar 2021 | 100430817 | Canara Bank | ₹44.5 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Apple & Olive IT Solutions Private Limited has 1 court case on record: 1 filed by Apple & Olive IT Solutions. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The Commissioner of Central Tax and Customs (Appeals) and 5 others | Pending |
To see the full case history of Apple & Olive IT Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Apple & Olive IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Apple & Olive IT Solutions Private Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Apple & Olive IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AANCA6470C2ZL | Andhra Pradesh | Active | 15 Nov 2018 |
To see the full GST registrations and return filing status of Apple & Olive IT Solutions Private Limited, buy the company report.
Recent activity
Apple & Olive IT Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Leela Panthagada was appointed as Additional Director on 22 Feb 2021.
Frequently asked questions
Apple & Olive IT Solutions is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 July 2015 (11+ years old) and is registered under CIN U72200AP2015PTC097053.
Apple & Olive IT Solutions has 2 current directors:
- Leela Panthagada - Additional Director
- Jayaprakash Rao Panthagada - Director
The latest financial statements of Apple & Olive IT Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Apple & Olive IT Solutions is 37AANCA6470C2ZL, registered in Andhra Pradesh. 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 Apple & Olive IT Solutions is U72200AP2015PTC097053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Apple & Olive IT Solutions has 1 court case on record: 1 filed by the company. 1 is pending.
Apple & Olive IT Solutions was incorporated on 24 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Apple & Olive IT Solutions by revenue are Dealsplus Technologies (India) Private Limited, Zopflix Softech Private Limited, Neoito Infotech Private Limited, Ennovations Techserv Private Limited, XLNT Powertek Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Leela Panthagada was appointed as Additional Director on 22 Feb 2021. Moses Sunil Kumar Koppala ceased to be Director on 22 Feb 2021. Jayaprakash Rao Panthagada was appointed as Director on 24 Jul 2015.
The registered office of Apple & Olive IT Solutions is at Mig – 1 Vuda Layout Marripalem, Visakhapatnam, Andhra Pradesh, India – 530018.
Apple & Olive IT Solutions operates in the information technology industry, in the IT consulting and support services segment.