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Clover Ventures Private Limited - agriculture in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹36.81 Cr
▼ 55% YoY
Net loss · FY 2024
₹52.21 Cr
Net margin -141.8%
EBITDA · FY 2024
-₹50.24 Cr
EBITDA margin -136.5%
Authorised capital
₹24.08 Cr
Registered with MCA
Paid-up capital
₹22.83 Cr
Issued & subscribed
Satisfied charges
₹7 Cr
No open charges
Company age
8 yrs
Est. 2018
Employees · EPFO
87
Provident fund records
About Clover Ventures Private Limited
Data last updated:
Clover Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC112837. Its GSTIN is 29AAHCC5584D1ZG (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹24.08 Cr and a paid-up capital of ₹22.83 Cr. It is led by directors including Avinash Ramamurthy Beluru and Arvind Murali.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Prestige Terraces Muncipal No.5/1 3rd Floor Union Street Bangalore – 560001, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.81 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹52.21 Cr (net margin -141.8%) and EBITDA of -₹50.24 Cr (EBITDA margin -136.5%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 93% over five years.
The company has about 87 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Clover Ventures and Deep Rooted. As per MCA filings, the company has satisfied charges of ₹7 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 2 cases are pending. The company has 12 deals on record (9 funding rounds, 1 debt financing, 1 convertible or debt financing), with disclosed funding of ₹131.54 Cr; the latest was in March 2023. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 110 overdue payments to 38 micro and small suppliers.
Clover Ventures Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0121508). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website clover.ag.
Company details
CIN U74999KA2018PTC112837
Registration Number 112837
Incorporation Date 04 May 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0121508
Key People
Avinash Ramamurthy Beluru Director Arvind Murali Director Ashish Wadhwani Nominee Director Recognitions & Rankings of Clover Ventures
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0121508
Contact details
Clover Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is clover.ag. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPrestige Terraces Muncipal No.5/1 3rd Floor Union Street Bangalore – 560001, Karnataka, India – 560001
- IndustryAgriculture, Agri Support Services
To see the full contact details of Clover Ventures Private Limited, buy the company report.
Comprehensive company report
Clover Ventures Private Limited - one report that includes everything
- 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
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Brands
Clover Ventures operates two associated brands: Clover Ventures and Deep Rooted. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive risk and supply chain management solutions. | clover.ag | |
| Farm-based fruits and vegetables are delivered via an online platform. | deeprooted.co |
Business activity
The main business activity of Clover Ventures is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Clover Ventures Private Limited, buy the company report.
Financials of Clover Ventures Private Limited
FY 2024 filings availableClover Ventures Private Limited reported revenue of ₹36.81 Cr (down 55% YoY) for FY 2024.
Revenue · FY 2024
₹36.81 Cr ▼ 55%
Net loss · FY 2024
₹52.21 Cr margin -141.8%
EBITDA · FY 2024
-₹50.24 Cr margin -136.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 36%
5 years · compounded
▲ 93%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 31%
5 years · compounded
▼ 104%
Revenue fell 55% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 93%. EBITDA fell 9% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹50.24 Cr | ||||
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| Net Profit (PAT) | -₹52.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -136.5% | ||||
| Net Profit Margin | -141.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Clover Ventures Private Limited, buy the company report.
Board of directors of Clover Ventures Private Limited
Clover Ventures has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Ramamurthy Beluru | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Arvind Murali | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Ashish Wadhwani Also directs: Snitch Apparels Private Limited, Nupa Technologies Private Limited, Bigshort Tails Private Limited and 5 more | Nominee Director | 26 Sep 2022 | 4 Years 0 Months | Current |
| Gururaj Sheshagiri Rao Also directs: Thounk Technologies Private Limited | Director | 04 May 2018 | 8 Years 5 Months | Current |
Auditor
Clover Ventures Private Limited is audited by Mska & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mska & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Clover Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Clover Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2020 | 100336451 | Others | ₹7 Cr | Satisfied |
To see the full charge records of Clover Ventures Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Clover Ventures Private Limited has 12 deals on record (9 funding rounds, 1 debt financing, 1 convertible or debt financing), with disclosed funding of ₹131.54 Cr; the latest was in March 2023.
Total deals
12
Funding rounds
9
Debt financing
1
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹131.54 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Funding round | ₹10,000 | Investors: an individual |
| Sep 2022 | Funding round · Series B | ₹39.54 Cr | Investors: IvyCap Ventures, Accel India, Amicorp Trustees (India) Private Limited |
| Apr 2022 | Funding round | ₹10,000 | Investors: BCCL |
| Oct 2021 | Funding round · Series A | ₹19.25 Cr | Investors: Accel India, Omnivore Partners |
| Mar 2020 | Debt financing | ₹7 Cr | Investors: Alteria Capital |
To see the full deal history of Clover Ventures Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Clover Ventures Private Limited has 5 court cases on record: 2 filed by Clover Ventures, 3 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Civil suit | Filed against the company by Adinterest Marketing Solutions Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by One97 Communications Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Net Ambit Value First Services Pvt Ltd., (Net Ambit) | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Simbha Import and Exports and Another Sathya Velachari P | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Simbha Import and Exports and Another Sathya Velachari P | Disposed |
To see the full case history of Clover Ventures 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
Clover Ventures Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 110 overdue payments to 38 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Partner & Partner Packing | |||
| Sciative Solutions Private Limited | |||
| Teamlease Services Limited | |||
| Stanofic Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Clover Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Clover Ventures Private Limited has a workforce of 87 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
87
Active EPFO establishments
1
Employee growth
-26.27%
GST
Clover Ventures has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC5584D1ZG | Karnataka | Active | 06 Dec 2018 |
| 36AAHCC5584D1ZL | Telangana | Active | 22 Jun 2020 |
To see the full GST registrations and return filing status of Clover Ventures Private Limited, buy the company report.
Recent activity
Clover Ventures Private Limited has 8 board changes on record since 2018: 4 appointments and 4 cessations. The latest: Prashanth Prakash ceased to be Nominee Director on 24 Jun 2025.
Ceased
Prashanth Prakash ceased to be Nominee Director.
AGM
Clover Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Clover Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Ashish Wadhwani was appointed as Nominee Director.
Charges
A charge registered on 11 Mar 2020 via Charge ID 100336451 with Others was fully satisfied on 01 Sep 2022.
Ceased
Mark Kahn ceased to be Nominee Director.
Ceased
Vikram Suhas Godse ceased to be Director.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100336451 was registered on 11 Mar 2020.
Ceased
Santosh Krishnamurthy Narasipura ceased to be Additional Director.
Appointed
Arvind Murali was appointed as Director.
Appointed
Avinash Ramamurthy Beluru was appointed as Director.
Appointed
Gururaj Sheshagiri Rao was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
Clover Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in agri support services, within the agriculture industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U74999KA2018PTC112837.
Clover Ventures has 4 current directors:
- Avinash Ramamurthy Beluru - Director
- Arvind Murali - Director
- Ashish Wadhwani - Nominee Director
- Gururaj Sheshagiri Rao - Director
The latest financial statements of Clover Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Clover Ventures is 29AAHCC5584D1ZG, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAHCC5584D1ZL (Telangana).
The CIN (Corporate Identification Number) of Clover Ventures is U74999KA2018PTC112837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Ventures has 5 court cases on record: 2 filed by the company and 3 filed against it. 2 are pending.
Clover Ventures was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Clover Ventures has 12 deals on record (9 funding rounds, 1 debt financing, 1 convertible or debt financing), with disclosed funding of ₹131.54 Cr; the latest was in March 2023.
Prashanth Prakash ceased to be Nominee Director on 24 Jun 2025. Ashish Wadhwani was appointed as Nominee Director on 26 Sep 2022. Mark Kahn ceased to be Nominee Director on 12 May 2021. Clover Ventures has 8 board changes on record in total.
Yes, Clover Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Clover Ventures is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0121508).