About Clover Technologies Private Limited
Data last updated:
Clover Technologies Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 04 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U68100MH1995PTC088041. Its GSTIN is 27AAACC7231Q1ZC (Maharashtra).
The company has an authorised share capital of ₹3.11 Cr and a paid-up capital of ₹1.85 Cr. It is led by directors including Farokh Kekhushroo Banatwalla and Azim Faizullah Tapia.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. 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 2025, the company reported a revenue of ₹9.34 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹3.4 Cr (net margin 36.4%) and EBITDA of ₹4.13 Cr (EBITDA margin 44.2%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 45% over five years.
As per MCA filings, the company has open charges of ₹59.8 Cr and satisfied charges of ₹37.44 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clovertechnologies.com.
CIN History of Clover Technologies Private Limited
Clover Technologies has one previous CIN (Corporate Identification Number): U74990MH1995PTC088041. The current CIN is U68100MH1995PTC088041, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68100MH1995PTC088041 | Current |
| U74990MH1995PTC088041 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressClover Centrum Plot No.5 Galaxy Society 245 Boat Club Road, Pune, Maharashtra, India – 411001
- IndustryFinancial Services, Brokerage & Trading Services
- 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
- One PDF report, delivered after checkout
Business Activity of Clover Technologies Private Limited
The main business activity of Clover Technologies is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Clover Technologies Private Limited FY 2025 filings available
Clover Technologies Private Limited reported revenue of ₹9.34 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Clover Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 32% growth in the latest year. EBITDA rose 14% 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 Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.4 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 Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 36.4% | •••• | •••• | •••• | •••• |
| 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 Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Clover Technologies Private Limited
Clover Technologies 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 |
|---|---|---|---|---|
| Farokh Kekhushroo Banatwalla | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Azim Faizullah Tapia | Director | 20 Apr 2021 | 5 Years 6 Months | Current |
| Javed Faizullah Tapia | Director | 04 May 1995 | 31 Years 5 Months | Current |
Peer Comparison of Clover Technologies Private Limited
Clover Technologies Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking 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 |
|---|---|---|---|---|---|---|
| Netlink Solutions (India) Limited Listed | ₹9.36 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Wizard Portfolio & Advisory Private Limited | ₹9.36 Cr (FY 2024) | •••• | •••• | 1268.0% | •••• | Noida, Uttar Pradesh, India |
| Eureka Commodity Brokerage Private Limited | ₹9.35 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Kolkata, West Bengal, India |
| Datt Enterprises Private Limited | ₹9.35 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Trans Global Securities Ltd | ₹9.34 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Kolkata, West Bengal, India |
| Clover Technologies Private Limited this company | ₹9.34 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Pune, Maharashtra, India |
| Enrich Financial Market Private Limited | ₹9.34 Cr (FY 2024) | •••• | •••• | -31.0% | •••• | Chennai, Tamil Nadu, India |
| Suryansh Share Traders and Developers Private Limited | ₹9.32 Cr (FY 2024) | •••• | •••• | 24263.0% | •••• | Gwalior, Madhya Pradesh, India |
| Benitoite Traders Private Limited | ₹9.31 Cr (FY 2018) | •••• | •••• | •••• | Delhi, India | |
| Fortune Interfinance Ltd. | ₹9.3 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Kolkata, West Bengal, India |
| Growmax Corporate Services Private Limited | ₹9.28 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Vapi, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Clover Technologies by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Clover Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Aug 2020 | Others | ₹48.8 Cr | Open |
| 24 Nov 2015 | Axis Bank Limited | ₹11 Cr | Open |
| 18 May 2018 | Hdfc Bank Limited | ₹12 Cr | Satisfied |
| 29 Aug 2015 | Standard Chartered Bank | ₹10.14 Cr | Satisfied |
| 12 Feb 2014 | Ing Vysya Bank Limited | ₹6 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Clover Technologies Private Limited
Clover Technologies Private Limited has 6 court cases on record: 5 filed by Clover Technologies, 1 where it is another party. 1 case is pending and 5 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Brown House Baking 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 |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Clover Technologies Private Limited
Employment history and EPFO contributions of people linked to Clover Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Clover Technologies Private Limited
Clover Technologies Private Limited has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Azim Faizullah Tapia ceased to be Additional Director on 17 Nov 2021.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Clover Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Clover Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Clover Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Clover Technologies Private Limited
Clover Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC7231Q1ZC | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Clover Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Clover Technologies Private Limited
Clover Technologies is an active private limited company based in Pune, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 04 May 1995 (31+ years old) and is registered under CIN U68100MH1995PTC088041.
Clover Technologies reported revenue of ₹9.34 Cr for FY 2025 (up 32% YoY).
Clover Technologies has 3 current directors:
- Farokh Kekhushroo Banatwalla - Director
- Azim Faizullah Tapia - Director
- Javed Faizullah Tapia - Director
Clover Technologies reported a net profit of ₹3.4 Cr (net margin 36.4%) and EBITDA of ₹4.13 Cr (EBITDA margin 44.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Clover Technologies is 62% over three years and 45% over five years. In the latest year (FY 2025) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Clover Technologies is 27AAACC7231Q1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clover Technologies is U68100MH1995PTC088041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Technologies has 6 court cases on record: 5 filed by the company. 1 is pending. Most are in the high courts.
Clover Technologies was incorporated on 04 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Clover Technologies by revenue are Netlink Solutions (India) Limited, Wizard Portfolio & Advisory Private Limited, Eureka Commodity Brokerage Private Limited, Datt Enterprises Private Limited, Trans Global Securities Ltd and 5 more, all in the BFSI industry (Broking Services).
Azim Faizullah Tapia ceased to be Additional Director on 17 Nov 2021. Azim Faizullah Tapia was appointed as Director on 20 Apr 2021. Javed Faizullah Tapia ceased to be Managing Director on 01 Apr 2021. Clover Technologies has 7 board changes on record in total.