About Esolve Technologies Private Limited
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Esolve Technologies Private Limited is a private limited company based in Chennai - 600 017, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2004PTC052695. Its GSTIN is 33AABCE2968D1ZX (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹18.75 Lakh. It is led by directors Nadathur Seshadri Raghunathan (Whole-Time Director) and Balasubramanian Saketharaman.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No.5 Rite Choice Sarojini Apartments III Flr No.13 Chakrapani Street W. Mambalam, Chennai – 600 017, Tamil Nadu, India – 600033.
As per the financials filed for FY 2025, the company reported a revenue of ₹51,107, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹41.07 Lakh and EBITDA of -₹33.45 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 91% over three years and 75% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esolveindia.com.
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- Website
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- Registered AddressFlat No.5 Rite Choice Sarojini Apartments III Flr No.13 Chakrapani Street W. Mambalam, Chennai – 600 017, Tamil Nadu, India – 600033
- IndustryInformation Technology, Application Development & Software Solutions
- 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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Financials of Esolve Technologies Private Limited FY 2025 filings available
Esolve Technologies Private Limited reported revenue of ₹51,107 (down 91% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Esolve Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years, including a 91% fall in the latest year. EBITDA rose 65% 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 Esolve Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹33.45 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹41.07 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Esolve Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Esolve 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.
Peer Comparison of Esolve Technologies Private Limited
Esolve Technologies Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Application Development, Consulting Services). Its own revenue is ₹51,107.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Moontree Business Private Limited | ₹51,422 | ₹1.96 Lakh | 381% | -86% | Varanasi, Uttar Pradesh, India | |
| Rta Technologies Private Limited | ₹51,300 | ₹48,509 | -95% | +55% | Nashik, Maharashtra, India | |
| Combined Consultancy Services Private Limited | ₹51,250 | ₹14,025 | 27% | -86% | New, Delhi, India | |
| Rising Valuetech Private Limited | ₹51,190 | ₹15,329 | 30% | +6% | Raipur, Chattisgarh, India | |
| Racap Foundation | ₹51,186 | ₹1.71 Lakh | -333% | -94% | East, Delhi, India | |
| Esolve Technologies Private Limited this company | ₹51,107 | ₹41.07 Lakh | -8036.8% | Chennai - 600 017, Tamil Nadu, India | ||
| Manner Suppliers Private Limited | ₹51,004 | ₹2,198 | 4% | +46% | Kolkata, West Bengal, India | |
| Lippizone Consulting Services Private Limited | ₹51,000 | ₹13,100 | -26% | Delhi, India | ||
| Recoll Projects Private Limited | ₹51,000 | ₹78,500 | -154% | Ahmedabad, Gujarat, India | ||
| Entrepreneuring India Venture Services Private Limited | ₹50,998 | ₹26,031 | -51% | -77% | New, Delhi, India | |
| Smartway Solutions Private Limited | ₹50,924 | ₹1,380 | 3% | +20% | Ludhiana, Punjab, India |
Peers are the five companies nearest above and the five nearest below Esolve Technologies by revenue in the Outsourcing industry (Application Development, Consulting Services), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Esolve Technologies Private Limited
Esolve Technologies Private Limited is audited by M KUPPUSWAMY P S G & CO LLP for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M KUPPUSWAMY P S G & CO LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Esolve Technologies Private Limited
Esolve Technologies has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Saketharaman | Director | 08 Mar 2004 | 22 Years 6 Months | Current |
| Nadathur Seshadri Raghunathan | Whole-Time Director | 08 Mar 2004 | 22 Years 6 Months | Current |
Ownership and Shareholding of Esolve Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Esolve Technologies Private Limited
Esolve Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Esolve Technologies Private Limited
Esolve Technologies Private Limited has a workforce of 9 employees as of Apr 05, 2024.
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 Esolve Technologies Private Limited
Esolve Technologies Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Balasubramanian Saketharaman ceased to be Whole-Time Director on 01 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Esolve 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 Esolve 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 Esolve 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 Esolve Technologies Private Limited
Esolve Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCE2968D1ZX | Tamil Nadu | 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 Esolve 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 Esolve Technologies Private Limited
Esolve Technologies is an active private limited company based in Chennai - 600 017, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 March 2004 (22+ years old) and is registered under CIN U72200TN2004PTC052695.
Esolve Technologies reported revenue of ₹51,107 for FY 2025 (down 91% YoY).
Esolve Technologies has 2 current directors:
- Nadathur Seshadri Raghunathan - Whole-Time Director
- Balasubramanian Saketharaman - Director
Esolve Technologies reported a net loss of ₹41.07 Lakh and EBITDA of -₹33.45 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Esolve Technologies is -91% over three years and -75% over five years. In the latest year (FY 2025) revenue fell 91%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Esolve Technologies is 33AABCE2968D1ZX, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Esolve Technologies is U72200TN2004PTC052695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Esolve Technologies was incorporated on 08 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Esolve Technologies by revenue are Moontree Business Private Limited, Rta Technologies Private Limited, Combined Consultancy Services Private Limited, Rising Valuetech Private Limited, Racap Foundation and 5 more, all in the Outsourcing industry (Application Development, Consulting Services).
Balasubramanian Saketharaman ceased to be Whole-Time Director on 01 Apr 2019. Limmat Guruprasanna ceased to be Director on 25 Mar 2019. Guru Nagarajan Prasanna ceased to be Director on 01 Apr 2008. Esolve Technologies has 7 board changes on record in total.
Esolve Technologies can be reached through the website esolveindia.com. Its registered office is in Chennai - 600 017, Tamil Nadu, India.