About Finsol Consultancy Private Limited
Data last updated:
Finsol Consultancy Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 04 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2003PTC050972. Its GSTIN is 33AAACF7324D1Z5 (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.81 Cr. It is led by directors Srinivasa Murthy Akella (Whole-Time Director) and Venkata Akella Hanuma Nagasree.
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 Old No. 7 New No. 11 4th Street Shanthi Nagar Adambakkam Chennai, Tamil Nadu, India – 600088.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.39 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹78.31 Lakh (net margin 3.2%) and EBITDA of ₹1.54 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 29% over five years.
The company has about 174 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Finsol Consultancy. As per MCA filings, the company has open charges of ₹3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finsolconsultancy.com.
Company details
Contact details
Finsol Consultancy Private Limited's registered office is in Chennai, Tamil Nadu. Its website is finsolconsultancy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOld No. 7 New No. 11 4th Street Shanthi Nagar Adambakkam Chennai, Tamil Nadu, India – 600088
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Finsol Consultancy Private Limited, buy the company report.
- 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
Brands
Finsol Consultancy operates one associated brand: Finsol Consultancy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A technology consulting firm delivering end-to-end solutions for businesses. | finsolconsultancy.com |
Business activity
The main business activity of Finsol Consultancy is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Finsol Consultancy Private Limited, buy the company report.
Financials of Finsol Consultancy Private Limited
FY 2024 filings availableFinsol Consultancy Private Limited reported revenue of ₹24.39 Cr (up 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 50% growth in the latest year. EBITDA rose 19% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.31 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Finsol Consultancy Private Limited, buy the company report.
Board of directors of Finsol Consultancy Private Limited
Finsol Consultancy has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasa Murthy Akella Also directs: Aks Finmart LLP | Whole-Time Director | 01 Jul 2003 | 23 Years 4 Months | Current |
| Venkata Akella Hanuma Nagasree | Director | 30 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Finsol Consultancy Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arrk Solutions Private Limited | ₹24.46 Cr (FY 2025) | -20.0% | Thane, Maharashtra, India | |||
| Appstek Information Services Private Limited | ₹24.43 Cr (FY 2024) | -3.0% | Hyderabad, Telangana, India | |||
| Finsol Consultancy Private Limitedthis company | ₹24.39 Cr (FY 2024) | ₹78.31 Lakh | 3.2% | 50.0% | 174 | Chennai, Tamil Nadu, India |
| Adeptia India Private Limited | ₹24.34 Cr (FY 2024) | 27.0% | New Delhi, Delhi, India | |||
| Sun Smart Systems Private Limited | ₹24.34 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Trizetto Services India Private Limited | ₹24.28 Cr (FY 2018) | -23.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Finsol Consultancy Private Limited, buy the company report.
Auditor
Finsol Consultancy Private Limited is audited by SRIPADA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIPADA ASSOCIATES | FY 2023 | 005903S |
Shareholding
The shareholding of Finsol Consultancy 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 Finsol Consultancy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2023 | 100791558 | Axis Bank Limited | ₹3 Cr | Open |
To see the full charge records of Finsol Consultancy Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Finsol Consultancy Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Finsol Consultancy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finsol Consultancy Private Limited has a workforce of 174 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Finsol Consultancy has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACF7324D1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAACF7324D1ZX | Andhra Pradesh | Active | 06 Jul 2017 |
| 36AAACF7324D1ZZ | Telangana | Active | 26 Oct 2022 |
To see the full GST registrations and return filing status of Finsol Consultancy Private Limited, buy the company report.
Recent activity
Finsol Consultancy Private Limited has 6 board changes on record since 2003: 2 appointments and 4 cessations. The latest: Perumenki Venkateshwara Rao ceased to be Whole-Time Director on 31 Mar 2017.
Frequently asked questions
Finsol Consultancy is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 04 June 2003 (23+ years old) and is registered under CIN U72200TN2003PTC050972.
Finsol Consultancy has 2 current directors:
- Srinivasa Murthy Akella - Whole-Time Director
- Venkata Akella Hanuma Nagasree - Director
The latest financial statements of Finsol Consultancy 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 2015 are in the company report.
The GSTIN of Finsol Consultancy is 33AAACF7324D1Z5, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 37AAACF7324D1ZX (Andhra Pradesh), 36AAACF7324D1ZZ (Telangana).
The CIN (Corporate Identification Number) of Finsol Consultancy is U72200TN2003PTC050972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finsol Consultancy was incorporated on 04 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Finsol Consultancy by revenue are Arrk Solutions Private Limited, Appstek Information Services Private Limited, Adeptia India Private Limited, Sun Smart Systems Private Limited, Trizetto Services India Private Limited, all in the Information Technology industry (Application Development, IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Perumenki Venkateshwara Rao ceased to be Whole-Time Director on 31 Mar 2017. Perumenki Venkatrao Narasimha Rao ceased to be Director on 06 Jun 2015. Srinivasa Murthy Akella ceased to be Whole-Time Director on 31 Mar 2015. Finsol Consultancy has 6 board changes on record in total.
Finsol Consultancy can be reached through the website finsolconsultancy.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Finsol Consultancy is at Old No. 7 New No. 11 4th Street Shanthi Nagar Adambakkam Chennai, Tamil Nadu, India – 600088.
Finsol Consultancy operates in the information technology industry, in the IT consulting and support services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
