Clover Infotech Private Limited - Company Profile

It is a information technology private limited company based in Pune, Maharashtra, India, established in 2000.

2000 Pune, Maharashtra, India Active

Last Updated: December 27, 2025

About Clover Infotech Private Limited

Clover Infotech Private Limited, a active private limited company, was established on 25 May 2000 in Pune, Maharashtra, India. Engaging in it consulting & support services within the information and communication sector, it holds CIN: U72200PN2000PTC014922. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹1.25 Cr and a paid-up capital of ₹1.08 Cr.

It upholds a compliant status. Employing 4,439 professional, Its leadership includes Farokh Kekhushroo Banatwalla (Director), Azim Faizullah Tapia (Director), Shrikant Keshav Navelkar (Director). Past directors included Farokh Kekhushroo Banatwalla, Ninad Bhalchandra Karpe, Azim Faizullah Tapia. It holds ₹106.60 Cr open charges and ₹12.72 Cr settled loans. Its latest AGM occurred on 25 September 2024, with the balance sheet filed on 31 March 2024. It is based at Clover Centrum, Plot No. 5, Galaxy Society, 245 Boat Club Road,, Pune, Maharashtra, 411001.

Company Details

CIN/LLPIN
U72200PN2000PTC014922
Registration Number
014922
Incorporation Date
25 May 2000
Authorized Capital
₹1.25 Cr
Paid-Up Capital
₹1.08 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.25 Cr as on 27-12-2025
Paid Up Capital ₹ 1.08 Cr as on 27-12-2025
Company Age 25 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 106.60 Cr as on 27-12-2025
Satisfied Charges ₹ 12.72 Cr as on 27-12-2025
Revenue Growth **** 22.69% (FY 2023)
Profit Growth **** -22.30% (FY 2023)
Ebitda **** 3.13% (FY 2023)
Net Worth 15.88% (FY 2023)
Total Assets -4.78% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Clover Infotech 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 Clover Infotech Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Farokh Kekhushroo Banatwalla	Director	10 Aug 2009	Current
Azim Faizullah Tapia	Director	11 Mar 2021	Current
Shrikant Keshav Navelkar	Director	15 Jun 2013	Current
Kunal Gopinath Nagarkatti	Managing Director	22 Apr 2025	Current
Javed Faizullah Tapia	Director	25 May 2000	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2010	Past
Pramod Abcsdd	Director	03 Feb 2023	Past
Pramod Abcsdd	Director	01 Jan 2016	Past
Pramod Abcsdd	Additional Director	26 Sep 2013	Past
Pramod Abcsdd	Additional Director	26 Sep 2025	Past
Pramod Abcsdd	Director	10 Jun 2008	Past

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Financial Performance of Clover Infotech.

Clover Infotech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 22.69% increase. The company also saw a substantial fall in profitability, with a 22.3% decrease in profit. The company's net worth Soared by an impressive increase of 15.88%.

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

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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

********

22.69%

*******

Revenue from Operations

*******

26.09%

*******

Total Assets

*******

-4.78%

*******

Profit or Loss

*******

-22.30%

*******

Net Worth

*******

15.88%

*******

EBITDA

*******

3.13%

*******

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What is the Ownership and Shareholding Structure of Clover Infotech?

In 2023, Clover Infotech had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹1,066,000,000.00

Satisfied Charges

₹127,200,000.00

Charges Breakdown by Lending Institutions

Others : 106.60 Cr

Latest Charge Details

Date	Lender	Amount	Status
25 Mar 2025	Others	₹1.00 Cr	Open
13 Apr 2022	Others	₹48.80 Cr	Open
29 Sep 2015	Others	₹56.80 Cr	Open
02 Jan 2019	Others	₹9.50 M	Satisfied
30 Oct 2013	Ing Vysya Bank Limited	₹6.00 Cr	Satisfied

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How Many Employees Work at Clover Infotech?

Clover Infotech has a workforce of 4439 employees as of Mar 21, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Clover Infotech, 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 Clover Infotech's trajectory.

Rating

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

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 Clover Infotech

Recent Activity within the Organization

Director Appointment

Kunal Gopinath Nagarkatti was appointed as a Managing Director was appointed as a Managing Director on 22 Apr 2025 & has been associated with this company since 11 months 9 days . was recorded as a recent event.
22 Apr 2025
Charges

The activity A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101080809 was registered on 25 Mar 2025. was completed.
25 Mar 2025
Annual General Meeting

Clover Infotech Private Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records. was recorded as a recent event.
25 Sep 2024
Balance Sheet

Progress on Clover Infotech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune. was documented.
31 Mar 2024
Charges

The activity A charge registered on 02 Jan 2019 via Charge ID 100233206 with Others was fully satisfied on 11 Jan 2023. was completed.
11 Jan 2023
Charges

Progress on A charge with Others amounted to Rs. 48.80 Cr with Charge ID 100569559 was registered on 13 Apr 2022. was documented.
13 Apr 2022

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