MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0047923
Blue Pal Solutions Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.46 Cr
▲ 79% YoY
Net profit · FY 2024
₹3.41 Cr
Net margin 15.9%
EBITDA · FY 2024
₹6.39 Cr
EBITDA margin 29.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹8.94 Cr
Secured borrowings
Company age
22 yrs
Est. 2004
Employees · EPFO
100
Provident fund records
About Blue Pal Solutions Private Limited
Data last updated:
Blue Pal Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2004PTC044377. Its GSTIN is 36AACCB6775E2ZL (Telangana). The company holds 3 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 including Anantha Varma Mantena (Managing Director) and Manthena Padma.
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 # No.132/A Road No.6 Western Hills Addagutta Kukatpally, Hyderabad, Telangana, India – 500072.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.46 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹3.41 Cr (net margin 15.9%) and EBITDA of ₹6.39 Cr (EBITDA margin 29.8%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 59% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.94 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
Blue Pal Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0047923). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluepal.com.
Company details
CIN U72200TG2004PTC044377
Registration Number 044377
Incorporation Date 11 October 2004
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-02-0047923
CIN history
Blue Pal Solutions has one previous CIN (Corporate Identification Number): U72200AP2004PTC044377. The current CIN is U72200TG2004PTC044377, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2004PTC044377 | Current |
| U72200AP2004PTC044377 | Previous |
Key People
Anantha Varma Mantena Managing Director Manthena Padma Director Manthena Raju Srinivasa Director Recognitions & Rankings of Blue Pal Solutions
Contact details
Blue Pal Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is bluepal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# No.132/A Road No.6 Western Hills Addagutta Kukatpally, Hyderabad, Telangana, India – 500072
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Blue Pal Solutions Private Limited, buy the company report.
Comprehensive company report
Blue Pal 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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Business activity
The main business activity of Blue Pal Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Blue Pal Solutions Private Limited, buy the company report.
Financials of Blue Pal Solutions Private Limited
FY 2024 filings availableBlue Pal Solutions Private Limited reported revenue of ₹21.46 Cr (up 79% YoY) for FY 2024.
Revenue · FY 2024
₹21.46 Cr ▲ 79%
Net profit · FY 2024
₹3.41 Cr margin 15.9%
EBITDA · FY 2024
₹6.39 Cr margin 29.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 75%
5 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▲ 161%
3 years · compounded
▲ 110%
5 years · compounded
▲ 93%
Revenue has grown at a compounded annual rate (CAGR) of 59% over five years, including 79% growth in the latest year. EBITDA rose 161% 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 | ₹6.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.41 Cr | ||||
| Balance Sheet | |||||
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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 | 29.8% | ||||
| Net Profit Margin | 15.9% | ||||
| 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 Blue Pal Solutions Private Limited, buy the company report.
Board of directors of Blue Pal Solutions Private Limited
Blue Pal Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manthena Padma | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Anantha Varma Mantena | Managing Director | 11 Oct 2004 | 22 Years 0 Months | Current |
| Manthena Raju Srinivasa Also directs: Bluepal Labs Private Limited, Bluebay Tourism Projects LLP | Director | 11 Oct 2004 | 22 Years 0 Months | Current |
Peer comparison
Blue Pal Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Focaloid Technologies Private Limited | ₹21.88 Cr (FY 2024) | 14.0% | Kakkanad, Kerala, India | |||
| Dimagi Software Innovations Private Limited | ₹21.64 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India | |||
| Feat Systems Private Limited | ₹21.64 Cr (FY 2024) | 31.0% | Thane, Maharashtra, India | |||
| Blue Pal Solutions Private Limitedthis company | ₹21.46 Cr (FY 2024) | ₹3.41 Cr | 15.9% | 79.0% | 100 | Hyderabad, Telangana, India |
| Krishagni Solutions Private Limited | ₹21.25 Cr (FY 2024) | -33.0% | Pune, Maharashtra, India |
To see the full peer comparison of Blue Pal Solutions Private Limited, buy the company report.
Auditor
Blue Pal Solutions Private Limited is audited by VASG & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASG & ASSOCIATES | FY 2023 | 006070S |
Shareholding
The shareholding of Blue Pal Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Blue Pal Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.94 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2024 | 100955747 | Canara Bank | ₹6.5 Cr | Open | |
| 04 May 2023 | 100748653 | Hdfc Bank Limited | ₹19 Lakh | Open | |
| 04 May 2023 | 100747185 | Hdfc Bank Limited | ₹19 Lakh | Open | |
| 10 Apr 2023 | 100747115 | Hdfc Bank Limited | ₹88.64 Lakh | Open | |
| 28 Oct 2022 | 100642677 | Hdfc Bank Limited | ₹40 Lakh | Open |
Total charge records: 7 View all charges
Legal cases
Blue Pal Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahabubnagar, Telangana | Court case (MVOP) | Filed against the company by an individual | Pending |
| District court, Mahabubnagar, Telangana | Court case (MVOP) | Filed against the company by an individual | Pending |
To see the full case history of Blue Pal 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 Blue Pal Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Blue Pal Solutions Private Limited has a workforce of 100 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
100
Active EPFO establishments
1
Employee growth
29.87%
GST
Blue Pal Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCB6775E2ZL | Telangana | Active | 17 May 2019 |
To see the full GST registrations and return filing status of Blue Pal Solutions Private Limited, buy the company report.
Recent activity
Blue Pal Solutions Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Manthena Padma was appointed as Director on 14 Mar 2018.
AGM
Blue Pal Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 650.00 Lakh with Charge ID 100955747 was registered on 29 Jul 2024.
Filing
Blue Pal Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.00 Lakh with Charge ID 100748653 was registered on 04 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.00 Lakh with Charge ID 100747185 was registered on 04 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 88.64 Lakh with Charge ID 100747115 was registered on 10 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 40.00 Lakh with Charge ID 100642677 was registered on 28 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 65.08 Lakh with Charge ID 100549549 was registered on 24 Feb 2022.
Charges
A charge with Others amounted to Rs. 12.48 Lakh with Charge ID 100261278 was registered on 01 Mar 2019.
Appointed
Manthena Padma was appointed as Director.
Appointed
Anantha Varma Mantena was appointed as Managing Director.
Appointed
Manthena Raju Srinivasa was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Blue Pal Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 11 October 2004 (22+ years old) and is registered under CIN U72200TG2004PTC044377.
Blue Pal Solutions has 3 current directors:
- Anantha Varma Mantena - Managing Director
- Manthena Padma - Director
- Manthena Raju Srinivasa - Director
The latest financial statements of Blue Pal 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 2015 are in the company report.
The GSTIN of Blue Pal Solutions is 36AACCB6775E2ZL, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Blue Pal Solutions is U72200TG2004PTC044377. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Pal Solutions has 2 court cases on record: 2 filed against it. 2 are pending.
Blue Pal Solutions was incorporated on 11 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Blue Pal Solutions by revenue are Focaloid Technologies Private Limited, Dimagi Software Innovations Private Limited, Feat Systems Private Limited, Krishagni Solutions Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Manthena Padma was appointed as Director on 14 Mar 2018. Anantha Varma Mantena was appointed as Managing Director on 11 Oct 2004. Manthena Raju Srinivasa was appointed as Director on 11 Oct 2004.
Yes, Blue Pal Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0047923).
Blue Pal Solutions can be reached through the website bluepal.com. Its registered office is in Hyderabad, Telangana, India.
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