MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0038325
Clasp Tech Solutions Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.78 Cr
▲ 32% YoY
Net profit · FY 2023
₹10.9 Lakh
Net margin 2.9%
EBITDA · FY 2023
₹24.87 Lakh
EBITDA margin 6.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹85 Lakh
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Clasp Tech Solutions Private Limited
Data last updated:
Clasp Tech Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 19 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27108KA2020PTC136208. Its GSTIN is 29AAICC8262B1ZM (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Raghunadhanreddy Panayala and Sucharitha Panyala.
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 No 698 2nd Floor 5th Block, Smv Layout Ullal Bangalore, Karnataka, India – 560056.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.78 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹10.9 Lakh (net margin 2.9%) and EBITDA of ₹24.87 Lakh (EBITDA margin 6.6%).
The company is associated with 1 brand: ClaspTech Solution. As per MCA filings, the company has open charges of ₹85 Lakh on record. Court records list 12 cases involving the company, including 12 filed against it; 9 cases are pending.
Clasp Tech Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0038325). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clasptechsolutions.com.
Company details
CIN U27108KA2020PTC136208
Registration Number 136208
Incorporation Date 19 July 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0038325
Recognitions & Rankings of Clasp Tech Solutions
Contact details
Clasp Tech Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is clasptechsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 698 2nd Floor 5th Block, Smv Layout Ullal Bangalore, Karnataka, India – 560056
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Clasp Tech Solutions Private Limited, buy the company report.
Comprehensive company report
Clasp Tech 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Clasp Tech Solutions operates one associated brand: ClaspTech Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fastener manufacturing and supply services in Bangalore. | clasptechsolutions.com |
Business activity
The main business activity of Clasp Tech Solutions is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Clasp Tech Solutions Private Limited, buy the company report.
Financials of Clasp Tech Solutions Private Limited
FY 2023 filings availableClasp Tech Solutions Private Limited reported revenue of ₹3.78 Cr (up 32% YoY) for FY 2023.
Revenue · FY 2023
₹3.78 Cr ▲ 32%
Net profit · FY 2023
₹10.9 Lakh margin 2.9%
EBITDA · FY 2023
₹24.87 Lakh margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
EBITDA CAGR growth
1 year
▲ 136%
Revenue rose 32% in the latest year. EBITDA rose 136% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹3.78 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹24.87 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10.9 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.6% | ||
| Net Profit Margin | 2.9% | ||
| 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 Clasp Tech Solutions Private Limited, buy the company report.
Board of directors of Clasp Tech Solutions Private Limited
Clasp Tech Solutions has 2 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 |
|---|---|---|---|---|
| Raghunadhanreddy Panayala | Director | 19 Jul 2020 | 6 Years 3 Months | Current |
| Sucharitha Panyala | Director | 11 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Clasp Tech Solutions Private Limited is audited by G HARSHAVARDHAN REDDY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G HARSHAVARDHAN REDDY | FY 2023 | 243393 |
Shareholding
The shareholding of Clasp Tech Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Clasp Tech Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹85 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2022 | 100672816 | Others | ₹85 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Clasp Tech Solutions Private Limited has 12 court cases on record: 12 filed against it. 9 cases are pending and 3 are disposed.
Total cases
12
Filed against the company
12
Pending
9
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 9 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Muthoot Finance Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kinara Capital Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kinara Capital Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by L and T Finance Ltd .. | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
To see the full case history of Clasp Tech 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 Clasp Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clasp Tech Solutions Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
Active EPFO establishments
1
GST
Clasp Tech Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC8262B1ZM | Karnataka | Active | 03 Aug 2020 |
To see the full GST registrations and return filing status of Clasp Tech Solutions Private Limited, buy the company report.
Recent activity
Clasp Tech Solutions Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Dharme Gowda Bidarakere Govinde Gowda ceased to be Director on 11 Aug 2023.
AGM
Clasp Tech Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Ceased
Dharme Gowda Bidarakere Govinde Gowda ceased to be Director.
Appointed
Sucharitha Panyala was appointed as Director.
Filing
Clasp Tech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 85.00 Lakh with Charge ID 100672816 was registered on 14 Dec 2022.
Appointed
Dharme Gowda Bidarakere Govinde Gowda was appointed as Director.
Appointed
Raghunadhanreddy Panayala was appointed as Director.
Incorporation
19 Jul 2020
Clasp Tech Solutions Private Limited was registered on 19 Jul 2020 with Roc Bangalore & aged 6 years 3 months as per MCA records.
Frequently asked questions
Clasp Tech Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 19 July 2020 (6+ years old) and is registered under CIN U27108KA2020PTC136208.
Clasp Tech Solutions has 2 current directors:
- Raghunadhanreddy Panayala - Director
- Sucharitha Panyala - Director
The latest financial statements of Clasp Tech 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 2021 are in the company report.
The GSTIN of Clasp Tech Solutions is 29AAICC8262B1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Clasp Tech Solutions is U27108KA2020PTC136208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clasp Tech Solutions has 12 court cases on record: 12 filed against it. 9 are pending.
Clasp Tech Solutions was incorporated on 19 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Dharme Gowda Bidarakere Govinde Gowda ceased to be Director on 11 Aug 2023. Sucharitha Panyala was appointed as Director on 11 Aug 2023. Dharme Gowda Bidarakere Govinde Gowda was appointed as Director on 19 Jul 2020. Clasp Tech Solutions has 4 board changes on record in total.
Yes, Clasp Tech Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0038325).
Clasp Tech Solutions can be reached through the website clasptechsolutions.com. Its registered office is in Bangalore, Karnataka, India.