MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0060303
Clonect Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.53 Cr
▲ 10% YoY
Net profit · FY 2024
₹10.13 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹1.21 Cr
EBITDA margin 21.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹3.96 Lakh
Issued & subscribed
Satisfied charges
₹28 Lakh
No open charges
Company age
12 yrs
Est. 2014
Employees · EPFO
45
Provident fund records
About Clonect Solutions Private Limited
Data last updated:
Clonect Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72400KA2014PTC073219. Its GSTIN is 29AAFCC6785L1ZW (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.96 Lakh. It is led by directors including Shailesh Kumar Agrawal and Balakrishnan Venkatraman.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.53 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹10.13 Lakh (net margin 1.8%) and EBITDA of ₹1.21 Cr (EBITDA margin 21.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 8% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ricago. As per MCA filings, the company has satisfied charges of ₹28 Lakh on record. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.48 Cr; the latest was in November 2016. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is 3G Wireless Communications Private Limited with revenue of ₹5.53 Cr.
Clonect Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0060303). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ricago.com.
Company details
CIN U72400KA2014PTC073219
Registration Number 073219
Incorporation Date 24 January 2014
ROC Bangalore
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 Micro
Udyam Registration UDYAM-KR-03-0060303
Key People
Shailesh Kumar Agrawal Director Balakrishnan Venkatraman Director Balaji Srinivasa Rao Ghat Director Recognitions & Rankings of Clonect Solutions
Contact details
Clonect Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ricago.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#2 Vasudha 2nd Floor, 38th Main Road 6th Phase, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Clonect Solutions Private Limited, buy the company report.
Comprehensive company report
Clonect 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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Brands
Clonect Solutions operates one associated brand: Ricago. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| GRC management platform is provided to businesses for compliance automation. | ricago.com |
Business activity
The main business activity of Clonect Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Clonect Solutions Private Limited, buy the company report.
Financials of Clonect Solutions Private Limited
FY 2024 filings availableClonect Solutions Private Limited reported revenue of ₹5.53 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹5.53 Cr ▲ 10%
Net profit · FY 2024
₹10.13 Lakh margin 1.8%
EBITDA · FY 2024
₹1.21 Cr margin 21.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 25%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▼ 3%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 10% growth in the latest year. EBITDA rose 10% 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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| Total Expenses | |||||
| EBITDA | ₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.13 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 21.8% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Clonect Solutions Private Limited, buy the company report.
Board of directors of Clonect Solutions Private Limited
Clonect Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Kumar Agrawal Also directs: Intelizign Lifecycle Services Private Limited | Director | 05 Jun 2014 | 12 Years 5 Months | Current |
| Balakrishnan Venkatraman Also directs: Exfinity Venture Partners LLP, Balki Advisory Services LLP, Dr. Agarwal's Health Care Limited and 5 more | Director | 05 Dec 2014 | 11 Years 11 Months | Current |
| Balaji Srinivasa Rao Ghat | Director | 05 Jun 2014 | 12 Years 5 Months | Current |
Peer comparison
Clonect Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 3G Wireless Communications Private Limited | ₹5.53 Cr (FY 2016) | 13.0% | Mumbai, Maharashtra, India | |||
| Growezy Infotech Limited | ₹5.53 Cr (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Aerial Services Private Limited | ₹5.53 Cr (FY 2025) | 2.0% | Vasai East, Maharashtra, India | |||
| Fleet Studio Technologies Private Limited | ₹5.53 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Kenyt Technologies Private Limited | ₹5.53 Cr (FY 2024) | 22.0% | Hyderabad, Telangana, India | |||
| Clonect Solutions Private Limitedthis company | ₹5.53 Cr (FY 2024) | ₹10.13 Lakh | 1.8% | 10.0% | 45 | Bangalore, Karnataka, India |
| Genius Business Solutions India Private Limited | ₹5.52 Cr (FY 2024) | 4.0% | Pune, Maharashtra, India | |||
| Gridlex Services Private Limited | ₹5.52 Cr (FY 2025) | -26.0% | Hyderabad, Telangana, India | |||
| Acelucid Technologies Private Limited | ₹5.52 Cr (FY 2025) | 60.0% | Bangalore, Karnataka, India | |||
| Interlynx Digital Solutions Private Limited | ₹5.51 Cr (FY 2024) | 11.0% | Delhi, India | |||
| Thirteen Digits Network Private Limited | ₹5.51 Cr (FY 2025) | 84.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Clonect Solutions Private Limited, buy the company report.
Auditor
Clonect Solutions Private Limited is audited by S N Hebsur & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N Hebsur & Associates | FY 2023 | 014517S |
Shareholding
The shareholding of Clonect Solutions 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 Clonect Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹28 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2016 | 100045329 | Others | ₹28 Lakh | Satisfied |
To see the full charge records of Clonect Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Clonect Solutions Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.48 Cr; the latest was in November 2016.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹6.48 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Funding round · Series A | ₹1.25 Cr | Investors: 4 individuals |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Dec 2014 | Funding round · Seed | ₹50 Lakh | Investors: 2 individuals |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Clonect Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Clonect 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 Clonect Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Clonect Solutions Private Limited has a workforce of 45 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
45
Active EPFO establishments
1
Employee growth
15.38%
GST
Clonect Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC6785L1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Clonect Solutions Private Limited, buy the company report.
Recent activity
Clonect Solutions Private Limited has 6 board changes on record since 2014: 3 appointments and 3 cessations. The latest: Balakrishnan Venkatraman ceased to be Additional Director on 15 Dec 2014.
AGM
Clonect Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Clonect Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 25 Jul 2016 via Charge ID 100045329 with Others was fully satisfied on 18 Jan 2018.
Charges
A charge with Others amounted to Rs. 28.00 Lakh with Charge ID 100045329 was registered on 25 Jul 2016.
Ceased
Balakrishnan Venkatraman ceased to be Additional Director.
Ceased
Anjana Agarwal ceased to be Director.
Appointed
Balakrishnan Venkatraman was appointed as Director.
Ceased
Pallavi Krishna ceased to be Director.
Appointed
Balaji Srinivasa Rao Ghat was appointed as Director.
Appointed
Shailesh Kumar Agrawal was appointed as Director.
Incorporation
24 Jan 2014
Clonect Solutions Private Limited was registered on 24 Jan 2014 with Roc Bangalore & aged 12 years 9 months as per MCA records.
Frequently asked questions
Clonect Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 January 2014 (12+ years old) and is registered under CIN U72400KA2014PTC073219.
Clonect Solutions has 3 current directors:
- Shailesh Kumar Agrawal - Director
- Balakrishnan Venkatraman - Director
- Balaji Srinivasa Rao Ghat - Director
The latest financial statements of Clonect 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 Clonect Solutions is 29AAFCC6785L1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Clonect Solutions is U72400KA2014PTC073219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clonect Solutions was incorporated on 24 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Clonect Solutions has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.48 Cr; the latest was in November 2016.
The peers of Clonect Solutions by revenue are 3G Wireless Communications Private Limited, Growezy Infotech Limited, Aerial Services Private Limited, Fleet Studio Technologies Private Limited, Kenyt Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Balakrishnan Venkatraman ceased to be Additional Director on 15 Dec 2014. Anjana Agarwal ceased to be Director on 05 Dec 2014. Balakrishnan Venkatraman was appointed as Director on 05 Dec 2014. Clonect Solutions has 6 board changes on record in total.
Yes, Clonect Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0060303).
Clonect Solutions can be reached through the website ricago.com. Its registered office is in Bangalore, Karnataka, India.
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