MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2020-21)
- Udyam number
- UDYAM-MH-18-0012385
Clover Infotech Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹393.46 Cr
▲ 18% YoY
Net profit · FY 2024
₹14.97 Cr
Net margin 3.8%
EBITDA · FY 2024
₹26.95 Cr
EBITDA margin 6.8%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹1.08 Cr
Issued & subscribed
Open charges
₹106.6 Cr
Satisfied ₹12.72 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
4,439
Provident fund records
About Clover Infotech Private Limited
Data last updated:
Clover Infotech Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2000PTC014922. Its GSTIN is 27AABCC7544B1ZY (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.08 Cr. It is led by directors including Shrikant Keshav Navelkar and Farokh Kekhushroo Banatwalla.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Clover Centrum Plot No. 5 Galaxy Society 245 Boat Club Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2024, the company reported a revenue of ₹393.46 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹14.97 Cr (net margin 3.8%) and EBITDA of ₹26.95 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 21% over five years.
The company has about 4,439 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Clover Infotech. As per MCA filings, the company has open charges of ₹106.6 Cr and satisfied charges of ₹12.72 Cr on record. Court records list 20 cases involving the company, including 15 filed by the company and 5 filed against it; 8 cases are pending. The company has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer); the latest was in March 2018. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is PC Solutions Private Limited with revenue of ₹404.13 Cr.
Clover Infotech Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0012385). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cloverinfotech.com.
Company Details of Clover Infotech Private Limited
CIN U72200PN2000PTC014922
Registration Number 014922
Incorporation Date 25 May 2000
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0012385
Key People
Shrikant Keshav Navelkar Director Farokh Kekhushroo Banatwalla Director Azim Faizullah Tapia Director Recognitions & Rankings of Clover Infotech
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressClover Centrum Plot No. 5 Galaxy Society 245 Boat Club Road, Pune, Maharashtra, India – 411001
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Clover Infotech Private Limited
Clover Infotech operates one associated brand: Clover Infotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT consulting, cloud services, and data management for global enterprises. | cloverinfotech.com |
Business Activity of Clover Infotech Private Limited
The main business activities of Clover Infotech are information and communication and trade. In detail, this covers data processing, hosting and related activities; web portal and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Clover Infotech Private Limited FY 2024 filings available
Clover Infotech Private Limited reported revenue of ₹393.46 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹393.46 Cr ▲ 18%
Net profit · FY 2024
₹14.97 Cr margin 3.8%
EBITDA · FY 2024
₹26.95 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR) of Clover Infotech Private Limited
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 20%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▼ 12%
5 years · compounded
▲ 3%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 18% growth in the latest year. EBITDA rose 18% 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 of Clover Infotech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.97 Cr | •••• | •••• | •••• | •••• |
| 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 of Clover Infotech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Clover Infotech are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Clover Infotech Private Limited
Clover Infotech has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrikant Keshav Navelkar | Director | 15 Jun 2013 | 13 Years 4 Months | Current |
| Farokh Kekhushroo Banatwalla | Director | 10 Aug 2009 | 17 Years 2 Months | Current |
| Azim Faizullah Tapia | Director | 11 Mar 2021 | 5 Years 7 Months | Current |
| Javed Tapia | Director | 25 May 2000 | 26 Years 4 Months | Current |
| Kunal Gopinath Nagarkatti | Director | 22 Apr 2025 | 1 Years 5 Months | Current |
Peer Comparison of Clover Infotech Private Limited
Clover Infotech Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PC Solutions Private Limited | ₹404.13 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Orion India Systems Private Limited | ₹403.3 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Xchanging Technology Services India Private Limited | ₹402.62 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Inspirisys Solutions Limited Listed | ₹397.59 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Chennai, Tamil Nadu, India |
| Mistral Solutions Private Limited | ₹393.85 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Clover Infotech Private Limited this company | ₹393.46 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
| Nec Software Solutions (India) Private Limited | ₹391.52 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Medusind Solutions India Private Limited | ₹389.64 Cr (FY 2019) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| The Zigma Technologies India Private Limited | ₹386.77 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Erode, Tamil Nadu, India |
| Herman Miller Furniture (India) Private Limited | ₹385.11 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Fortrea Scientific Private Limited | ₹382.4 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Clover Infotech by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Clover Infotech Private Limited
Clover Infotech Private Limited is audited by G. M. Kapadia & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. M. Kapadia & Co | Locked | Locked | Locked |
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Ownership and Shareholding of Clover Infotech Private Limited
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Charges & Borrowings of Clover Infotech Private Limited
Open charges
₹106.6 Cr
Satisfied charges
₹12.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2025 | Others | ₹1 Cr | Open |
| 13 Apr 2022 | Others | ₹48.8 Cr | Open |
| 29 Sep 2015 | Others | ₹56.8 Cr | Open |
| 02 Jan 2019 | Others | ₹95 Lakh | Satisfied |
| 30 Oct 2013 | Ing Vysya Bank Limited | ₹6 Cr | Satisfied |
Total charge records: 8 View all charges
Deals & Funding of Clover Infotech Private Limited
Clover Infotech Private Limited has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer); the latest was in March 2018.
Total deals
3
Acquisition
1
Funding round
1
Secondary share transfer
1
Deals on record (1 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Acquisition | ₹99 Lakh | Buyer: Clover Technologies Private Limited |
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Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Clover Infotech Private Limited
Clover Infotech Private Limited has 20 court cases on record: 15 filed by Clover Infotech, 5 filed against it. 8 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
20
Filed by the company
15
Filed against the company
5
Pending
8
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 2 | 4 |
| District courts | 10 | 3 | 4 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Auisy Technologies Private Limited | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against Expressit Logistics Worldwide Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Expressit Logistics Worldwide Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Expressit Logistics Worldwide Limited | Disposed |
| Bombay High Court | Company petition | Filed by the company against Expressit Logistics Worldwide Limited | Disposed |
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All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Clover Infotech Private Limited
Clover Infotech Private Limited has a workforce of 4,439 employees as of Mar 21, 2024.
Employee count
4,439
Active EPFO establishments
1
Employee growth
4.69%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Clover Infotech Private Limited
Clover Infotech has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Sienna Systems Resources Private Limited | U29253MH2010PTC204370 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Clover Infotech Private Limited
Clover Infotech Private Limited has 9 board changes on record since 2000: 7 appointments and 2 cessations. The latest: Kunal Gopinath Nagarkatti was appointed as Director on 22 Apr 2025.
Appointed
Kunal Gopinath Nagarkatti was appointed as Director.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101080809 was registered on 25 Mar 2025.
AGM
Clover Infotech Private Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
Filing
Clover Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Ninad Bhalchandra Karpe ceased to be Director.
Charges
A charge registered on 02 Jan 2019 via Charge ID 100233206 with Others was fully satisfied on 11 Jan 2023.
Charges
A charge with Others amounted to Rs. 48.80 Cr with Charge ID 100569559 was registered on 13 Apr 2022.
Charges
A charge with Others of Rs. 56.80 Cr registered on 29 Sep 2015 with Charge ID 10598471 was modified on 15 Feb 2022.
Appointed
Azim Faizullah Tapia was appointed as Director.
Appointed
Ninad Bhalchandra Karpe was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.95 Cr with Charge ID 100233206 was registered on 02 Jan 2019.
Charges
A charge registered on 24 May 2012 via Charge ID 10359697 with Standard Chartered Bank was fully satisfied on 28 Mar 2016.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Clover Infotech Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Clover Infotech Private Limited
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Subsidiaries & Group Companies of Clover Infotech Private Limited
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Corporate group structure
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GST Compliance of Clover Infotech Private Limited
Clover Infotech has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC7544B1ZY | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Clover Infotech Private Limited
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Related news about Clover Infotech Private Limited
Frequently Asked Questions about Clover Infotech Private Limited
Clover Infotech is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 May 2000 (26+ years old) and is registered under CIN U72200PN2000PTC014922.
Clover Infotech reported revenue of ₹393.46 Cr for FY 2024 (up 18% YoY).
Clover Infotech has 5 current directors:
- Shrikant Keshav Navelkar - Director
- Farokh Kekhushroo Banatwalla - Director
- Azim Faizullah Tapia - Director
- Javed Tapia - Director
- Kunal Gopinath Nagarkatti - Director
Clover Infotech reported a net profit of ₹14.97 Cr (net margin 3.8%) and EBITDA of ₹26.95 Cr (EBITDA margin 6.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Clover Infotech is 20% over three years and 21% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Clover Infotech is 27AABCC7544B1ZY, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Clover Infotech is U72200PN2000PTC014922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Infotech has 20 court cases on record: 15 filed by the company and 5 filed against it. 8 are pending. Most are in the high courts.
Clover Infotech was incorporated on 25 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Pune.
Clover Infotech has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer); the latest was in March 2018.
The peers of Clover Infotech by revenue are PC Solutions Private Limited, Orion India Systems Private Limited, Xchanging Technology Services India Private Limited, Inspirisys Solutions Limited, Mistral Solutions Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).