About Clove Capital Services Private Limited
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Clove Capital Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business process outsourcing sector. It was incorporated on 17 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2012PTC235842. Its GSTIN is 27AAFCC3340R1ZB (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Neelam Ahirrao and Narasimha Venkatesh Prabhu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 306 B2 Shubham Centre Cardinal Gracious Road Chakala Andheri East, Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.16 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net profit of ₹30,719 (net margin 7.4%) and EBITDA of ₹63,245 (EBITDA margin 15.2%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 7% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clovecap.com.
Company details
Contact details
Clove Capital Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is clovecap.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address306 B2 Shubham Centre Cardinal Gracious Road Chakala Andheri East, Mumbai, Maharashtra, India – 400099
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Clove Capital Services 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 Clove Capital Services is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Clove Capital Services Private Limited, buy the company report.
Financials of Clove Capital Services Private Limited
FY 2025 filings availableClove Capital Services Private Limited reported revenue of ₹4.16 Lakh (down 67% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 67% fall in the latest year. EBITDA fell 83% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹63,245 | ||||
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| Net Profit (PAT) | ₹30,719 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 7.4% | ||||
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To see the full financial statements and ratios of Clove Capital Services Private Limited, buy the company report.
Board of directors of Clove Capital Services Private Limited
Clove Capital Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelam Ahirrao Also directs: NR Marvel Records LLP, Niyara Capital Solutions Private Limited, Niyara Workforce Solutions Private Limited and 1 more | Director | 02 Aug 2014 | 12 Years 3 Months | Current |
| Janine Adrian Fernandez | Additional Director | 01 Mar 2014 | 12 Years 8 Months | Current |
| Narasimha Venkatesh Prabhu Also directs: NR Marvel Records LLP, Niyara Capital Solutions Private Limited, Furnatech Solutions Private Limited and 2 more | Director | 17 Sep 2012 | 14 Years 1 Months | Current |
Auditor
Clove Capital Services Private Limited is audited by GUPTA RUSTAGI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA RUSTAGI & CO | FY 2017 | 128701W |
Shareholding
The shareholding of Clove Capital Services Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Clove Capital Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Clove Capital Services 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 Clove Capital Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Clove Capital Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCC3340R1ZB | Maharashtra | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Clove Capital Services Private Limited, buy the company report.
Recent activity
Clove Capital Services Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Janine Adrian Fernandez ceased to be Additional Director on 15 Jun 2017.
Frequently asked questions
Clove Capital Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 17 September 2012 (14+ years old) and is registered under CIN U65923MH2012PTC235842.
Clove Capital Services has 3 current directors:
- Neelam Ahirrao - Director
- Janine Adrian Fernandez - Additional Director
- Narasimha Venkatesh Prabhu - Director
The latest financial statements of Clove Capital Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Clove Capital Services is 27AAFCC3340R1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clove Capital Services is U65923MH2012PTC235842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clove Capital Services was incorporated on 17 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Janine Adrian Fernandez ceased to be Additional Director on 15 Jun 2017. Anish Girjashanker Lakhotia ceased to be Director on 16 Oct 2015. Raghavendra Pandurang Prabhu ceased to be Director on 04 Aug 2014. Clove Capital Services has 7 board changes on record in total.
Clove Capital Services can be reached through the website clovecap.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Clove Capital Services is at 306 B2 Shubham Centre Cardinal Gracious Road Chakala Andheri East, Mumbai, Maharashtra, India – 400099.
Clove Capital Services operates in the business outsourcing industry, in the business process outsourcing segment.
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