Clover Associates Private Limited
About Clover Associates Private Limited
Data last updated:
Clover Associates Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U70101AP2000PTC034895. Its GSTIN is 37AABCC5109L2ZM (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Raghavendra Rao Mandava and Vemulapalli Koteswara Rao.
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 10 – 50 – 5/23 Sunny Side Homesp – 2 Waltair Main Road Visakhapatnam., Andhra Pradesh, India – 530002.
As per the financials filed for FY 2022, the company reported a revenue of ₹80,270, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹256 (net margin 0.3%) and EBITDA of -₹45,629 (EBITDA margin -56.8%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 10% over five years.
As per MCA filings, the company has satisfied charges of ₹4.1 Cr on record. Court records list 29 cases involving the company, including 17 filed by the company and 12 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Clover Associates Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address10 – 50 – 5/23 Sunny Side Homesp – 2 Waltair Main Road Visakhapatnam., Andhra Pradesh, India – 530002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Clover Associates 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 Clover Associates is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Clover Associates Private Limited, buy the company report.
Financials of Clover Associates Private Limited
FY 2025 filings availableClover Associates Private Limited reported revenue of ₹80,270 (down 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹80,270 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹45,629 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹256 | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -56.8% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 Clover Associates Private Limited, buy the company report.
Board of directors of Clover Associates Private Limited
Clover Associates has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavendra Rao Mandava Also directs: Balaji Daspalla Resorts LLP, Daspalla Global Hotels Private Limited, Kranthi Hospitalities Private Limited (Part.Ix) and 5 more | Director | 11 Jul 2000 | 26 Years 3 Months | Current |
| Vemulapalli Koteswara Rao Also directs: Daspalla Properties Private Limited | Director | 11 Jul 2000 | 26 Years 3 Months | Current |
| Veeraraghavulu Challagalla Also directs: CH Veeraraghavulu Construction Private Limited | Director | 01 Dec 2003 | 22 Years 10 Months | Current |
| Thomandhra Venkateswarlu | Director | 01 Dec 2003 | 22 Years 10 Months | Current |
Auditor
Clover Associates Private Limited is audited by CHOWDARY & RAO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOWDARY & RAO | FY 2022 | 000656S |
Shareholding
The shareholding of Clover Associates Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clover Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2013 | 10463008 | Andhra Bank | ₹1.55 Cr | Satisfied | |
| 22 Jul 2002 | 80021785 | Andhra Bank | ₹2.55 Cr | Satisfied |
To see the full charge records of Clover Associates Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Clover Associates Private Limited has 29 court cases on record: 17 filed by Clover Associates, 12 filed against it. 5 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 10 | 4 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed against the company by individuals | Pending |
| High Court, ANDHRAPRADESH | Appeal | Filed against the company by The State of Ap., Rep by Its Secretar and Another and 1 other | Pending |
| High Court | Appeal | Filed against the company by The State of Ap., Rep by Its Secretar and Another and 1 other | Pending |
| High Court, ANDHRAPRADESH | Appeal | Filed against the company by State of Ap., Rep by Its Secretary and Anothersw and 2 others | Pending |
| High Court | Appeal | Filed against the company by State of Ap., Rep by Its Secretary and Anothersw and 2 others | Pending |
To see the full case history of Clover Associates 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 Clover Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Clover Associates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCC5109L2ZM | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Clover Associates Private Limited, buy the company report.
Recent activity
Clover Associates Private Limited has 8 board changes on record since 2000: 6 appointments and 2 cessations. The latest: Kothapalli Suresh ceased to be Director on 18 Apr 2019.
4 earlier events are in the company report.
Frequently asked questions
Clover Associates is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 July 2000 (26+ years old) and is registered under CIN U70101AP2000PTC034895.
Clover Associates has 4 current directors:
- Raghavendra Rao Mandava - Director
- Vemulapalli Koteswara Rao - Director
- Veeraraghavulu Challagalla - Director
- Thomandhra Venkateswarlu - Director
The latest financial statements of Clover Associates 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 Clover Associates is 37AABCC5109L2ZM, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Clover Associates is U70101AP2000PTC034895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Associates has 29 court cases on record: 17 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
Clover Associates was incorporated on 11 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Vijayawada.
Kothapalli Suresh ceased to be Director on 18 Apr 2019. Sita Ramachandra Murthy Nekkanti ceased to be Director on 23 Dec 2017. Kothapalli Suresh was appointed as Director on 01 Dec 2003. Clover Associates has 8 board changes on record in total.
The registered office of Clover Associates is at 10 – 50 – 523 Sunny Side Homesp – 2 Waltair Main Road Visakhapatnam., Andhra Pradesh, India – 530002.
Clover Associates operates in the real estate and construction industry, in the real estate builders and developers segment.