About Chennovate Solutions Private Limited
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Chennovate Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 28 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC113914. Its GSTIN is 33AAGCC8695L1Z1 (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Peer Mohaideen Sait and Umesh Ramachandran.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹88.32 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹86,254 (net margin 1%) and EBITDA of ₹1.58 Lakh (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company is associated with 1 brand: Chennovate.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chennovate.com.
Company details
Contact details
Chennovate Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is chennovate.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressOld No. 12 New No. 2 Kamal – Lok Building Ground Floor Front Portion Gajapathy Road Kil, Pauk, Chennai, Tamil Nadu, India – 600010
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Chennovate 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
Brands
Chennovate Solutions operates one associated brand: Chennovate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Startup advisory and product development services are provided. | chennovate.com |
Business activity
The main business activity of Chennovate 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 Chennovate Solutions Private Limited, buy the company report.
Financials of Chennovate Solutions Private Limited
FY 2023 filings availableChennovate Solutions Private Limited reported revenue of ₹88.32 Lakh (down 19% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 19% 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
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| EBITDA | ₹1.58 Lakh | ||||
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| Net Profit (PAT) | ₹86,254 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Chennovate Solutions Private Limited, buy the company report.
Board of directors of Chennovate Solutions Private Limited
Chennovate Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peer Mohaideen Sait | Director | 28 Dec 2016 | 9 Years 10 Months | Current |
| Umesh Ramachandran Also directs: Comprass Solutions Private Limited | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Auditor
Chennovate Solutions Private Limited is audited by T S S K & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T S S K & ASSOCIATES | FY 2021 | 014063S |
Shareholding
The shareholding of Chennovate Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Chennovate Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Chennovate Solutions 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 Chennovate Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chennovate Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCC8695L1Z1 | Tamil Nadu | Active | 13 Mar 2018 |
To see the full GST registrations and return filing status of Chennovate Solutions Private Limited, buy the company report.
Recent activity
Chennovate Solutions Private Limited has 8 board changes on record since 2016: 5 appointments and 3 cessations. The latest: Madeena Ali Anvar Ali ceased to be Director on 17 Jul 2024.
Frequently asked questions
Chennovate Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 28 December 2016 (10+ years old) and is registered under CIN U74999TN2016PTC113914.
Chennovate Solutions has 2 current directors:
- Peer Mohaideen Sait - Director
- Umesh Ramachandran - Director
The latest financial statements of Chennovate Solutions 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.
The GSTIN of Chennovate Solutions is 33AAGCC8695L1Z1, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Chennovate Solutions is U74999TN2016PTC113914. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chennovate Solutions was incorporated on 28 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
Madeena Ali Anvar Ali ceased to be Director on 17 Jul 2024. Umesh Ramachandran was appointed as Director on 30 Sep 2023. Abdulrasid Azeena ceased to be Director on 13 Mar 2019. Chennovate Solutions has 8 board changes on record in total.
Chennovate Solutions can be reached through the website chennovate.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Chennovate Solutions is at Old No. 12 New No. 2 Kamal – Lok Building Ground Floor Front Portion Gajapathy Road Kil, Pauk, Chennai, Tamil Nadu, India – 600010.
Chennovate Solutions operates in the information technology industry, in the software development and support services segment.