Clove It Solutions Private Limited - Company Profile

It is a information technology private limited company based in Hyderabad, Telangana, India, established in 2015.
2015 Hyderabad, Telangana, India Amalgamated
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About Clove It Solutions Private Limited

Clove It Solutions Private Limited, a amalgamated private limited company, was established on 15 November 2015 in Hyderabad, Telangana, India. Engaging in application development & software solutions within the information and communication sector, it holds CIN: U72200TG2015PTC101728. Registered under ROC Roc Hyderabad. it is unlisted. It has an authorized capital of ₹1.50 Cr and a paid-up capital of ₹1.38 Cr.

It upholds a compliant status. Employing 34 professional, Its leadership includes Vinay Kumar Penmetsa (Director), Ayodyapuram Jyotheeswara Reddy (Director), Narasimha Raju Kalidindi Kumara Venkata (Director). Past directors included Krishna Murthy Gummuluri, Vinay Kumar Penmetsa, Gummuluri Krishna Murthy. It holds no open charges and ₹8.50 M settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Vvg Parkview, Pt No. 50, Hno: 1-63/50,Kavuri Hills Guttala Begumpet Village,Serilingampally, Mandal, Hyderabad, Telangana, 500033.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U72200TG2015PTC101728

  • Registration Number

    101728

  • Incorporation Date

    15 November 2015

  • Authorized Capital

    ₹1.50 Cr

  • Paid-Up Capital

    ₹1.38 Cr

  • ROC Code

    Roc Hyderabad

  • Listing Status

    Unlisted

  • Company Status

    Amalgamated

Key Metrics
  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.38 Cr
  • Company Age 10 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 8.50 M
  • Revenue Growth **** 174.47%
  • Profit Growth **** 33.74%
  • Ebitda **** 285.85%
  • Net Worth -42.43%
  • Total Assets -18.35%
Company report

Clove It Solutions Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Clove It Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Clove It Solutions Private Limited?
Current Directors
Name Designation Appointment Date Status
Vinay Kumar Penmetsa Director 06 Jan 2020 Current
Ayodyapuram Jyotheeswara Reddy Director 15 Nov 2015 Current
Narasimha Raju Kalidindi Kumara Venkata Director 15 Nov 2015 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 01 May 2017 Past
Pramod Abcsdd Additional Director 31 Dec 2020 Past
Pramod Abcsdd Additional Director - Past

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Financial Performance of Clove It Solutions.

Clove It Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 174.47% increase. The company also saw a substantial improvement in profitability, with a 33.74% increase in profit. The company's net worth observed a substantial decline by a decrease of 42.43%.

Clove It Solutions revenue growth over time
Clove It Solutions profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 174.47%
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*******
*******
*******
Revenue from Operations
*******
 171.94%
*******
*******
*******
*******
Total Assets
*******
 -18.35%
*******
*******
*******
*******
Profit or Loss
*******
 33.74%
*******
*******
*******
*******
Net Worth
*******
 -42.43%
*******
*******
*******
*******
EBITDA
*******
 285.85%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Clove It Solutions?

In 2023, Clove It Solutions had a promoter holding of 82.03% and a public holding of 17.98%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹8,500,000.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 0.60 Cr
  • Others : 0.25 Cr
Latest Charge Details
Date Lender Amount Status
30 Apr 2019 Others ₹2.50 M Satisfied
20 Jun 2016 Hdfc Bank Limited ₹6.00 M Satisfied

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How Many Employees Work at Clove It Solutions?

Clove It Solutions has a workforce of 34 employees as of Sep 26, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Clove It Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Clove It Solutions's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Clove It Solutions
Recent Activity within the Organization
  • Annual General Meeting

    The activity Clove It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Clove It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad. was completed.

  • Charges

    Progress on A charge registered on 30 Apr 2019 via Charge ID 100272612 with Others was fully satisfied on 22 Dec 2022. was documented.

  • Director Appointment

    Vinay Kumar Penmetsa was appointed as a Director was appointed as a Director on 06 Jan 2020 & has been associated with this company since 6 years 1 month . was recorded as a recent event.

  • Charges

    The activity A charge registered on 20 Jun 2016 via Charge ID 100044478 with Hdfc Bank Limited was fully satisfied on 13 Jun 2019. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100272612 was registered on 30 Apr 2019. was documented.

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Frequently Asked Questions
What is the CIN of Clove It Solutions Private Limited?

The CIN of Clove It Solutions Private Limited is U72200TG2015PTC101728.

Where is Clove It Solutions Private Limited headquartered?

Clove It Solutions Private Limited is headquartered at Vvg Parkview, Pt No. 50, Hno: 1-63/50,Kavuri Hills Guttala Begumpet Village,Serilingampally, Mandal, Hyderabad, Telangana, 500033.

When was Clove It Solutions Private Limited incorporated?

Clove It Solutions Private Limited was incorporated on 15 November 2015.

Who are the current directors of Clove It Solutions Private Limited?

The current directors of Clove It Solutions Private Limited are

What is the primary industry of Clove It Solutions Private Limited?

The primary industry of Clove It Solutions Private Limited is Information And Communication.

Is Clove It Solutions Private Limited a listed company?

Clove It Solutions Private Limited is unlisted.

What is the capital structure of Clove It Solutions Private Limited?

The authorized capital of Clove It Solutions Private Limited is ₹1.50 Cr, and the paid-up capital is ₹1.38 Cr.

What is the compliance status of Clove It Solutions Private Limited?

The compliance status of Clove It Solutions Private Limited is Compliant.

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