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Graspear Solutions Private Limited - information technology in Madurai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹29.66 Lakh
▼ 13% YoY
Net loss · FY 2024
₹1.5 Lakh
Net margin -5.1%
EBITDA · FY 2024
₹2.58 Lakh
EBITDA margin 8.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Graspear Solutions Private Limited
Data last updated:
Graspear Solutions Private Limited is a private limited company based in Madurai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 21 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2020PTC140249. Its GSTIN is 33AAICG7400M1ZK (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Suveetha Rajkumar and Anitha.
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 No 8 – 7/ 8 Vaigai Nathi Street Mahatma Gandhi Nagar, Madurai, Tamil Nadu, India – 625014.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.66 Lakh, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Lakh (net margin -5.1%) and EBITDA of ₹2.58 Lakh (EBITDA margin 8.7%).
The company is associated with 1 brand: Graspear.
Graspear Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-12-0012832). For more details, the company can be reached via its website graspear.com.
Company Details of Graspear Solutions Private Limited
CIN U72900TN2020PTC140249
Registration Number 140249
Incorporation Date 21 December 2020
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-12-0012832
Recognitions & Rankings of Graspear Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-12-0012832
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 8 – 7/ 8 Vaigai Nathi Street Mahatma Gandhi Nagar, Madurai, Tamil Nadu, India – 625014
- IndustryInformation Technology, Application Development & Software Solutions
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Associated Brands with Graspear Solutions Private Limited
Graspear Solutions operates one associated brand: Graspear. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides infrastructure, cloud, engineering, and AI services to multiple sectors worldwide. | graspear.com |
Business Activity of Graspear Solutions Private Limited
The main business activity of Graspear Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Graspear Solutions Private Limited FY 2024 filings available
Graspear Solutions Private Limited reported revenue of ₹29.66 Lakh (down 13% YoY) for FY 2024.
Revenue · FY 2024
₹29.66 Lakh ▼ 13%
Net loss · FY 2024
₹1.5 Lakh margin -5.1%
EBITDA · FY 2024
₹2.58 Lakh margin 8.7%
Compounded Annual Growth Rate (CAGR) of Graspear Solutions Private Limited
Revenue CAGR growth
1 year
▼ 13%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 63%
Revenue fell 13% in the latest year. EBITDA fell 47% 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 Graspear Solutions Private Limited
| Metrics | 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 | ₹2.58 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.5 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 of Graspear Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.7% | •••• | •••• | •••• |
| Net Profit Margin | -5.1% | •••• | •••• | •••• |
| 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 Graspear Solutions are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Graspear Solutions Private Limited
Graspear Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suveetha Rajkumar | Director | 21 Dec 2020 | 5 Years 9 Months | Current |
| Anitha | Director | 21 Dec 2020 | 5 Years 9 Months | Current |
| Malathi Also directs: Xift Academy and Research Private Limited | Director | 21 Dec 2020 | 5 Years 9 Months | Current |
Peer Comparison of Graspear Solutions Private Limited
Graspear Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vacube IT Services Private Limited | ₹29.67 Lakh (FY 2023) | •••• | •••• | -43.0% | •••• | Latur, Maharashtra, India |
| Hybridplus Infotech Solution Private Limited | ₹29.67 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Jaipur, Rajasthan, India |
| IT World Web.Com Private Limited | ₹29.67 Lakh (FY 2024) | •••• | •••• | -65.0% | •••• | Gurgaon, Haryana, India |
| Technohandz India IT Consultants Private Limited | ₹29.67 Lakh (FY 2024) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Byrdesoft Private Limited | ₹29.67 Lakh (FY 2021) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Graspear Solutions Private Limited this company | ₹29.66 Lakh (FY 2024) | •••• | •••• | -13.0% | •••• | Madurai, Tamil Nadu, India |
| Lotus Trading Strategies Private Limited | ₹29.65 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Bangalore, Karnataka, India |
| Meridian Data Labs Private Limited | ₹29.64 Lakh (FY 2025) | •••• | •••• | 1444.0% | •••• | Hyderabad, Telangana, India |
| Growinture Technologies Private Limited | ₹29.64 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Clairvoyance Technologies Private Limited | ₹29.64 Lakh (FY 2022) | •••• | •••• | 76.0% | •••• | Kohima, Nagaland, India |
| Cuber Technologies Private Limited | ₹29.63 Lakh (FY 2024) | •••• | •••• | -67.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Graspear Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Graspear Solutions Private Limited
Graspear Solutions Private Limited is audited by VIVEK KUMAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIVEK KUMAR | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Graspear Solutions Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Graspear Solutions Private Limited
Graspear Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Graspear Solutions Private Limited
Graspear Solutions Private Limited has a workforce of 0 employees as of Apr 07, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Graspear Solutions Private Limited
Graspear Solutions Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Anitha was appointed as Director on 21 Dec 2020.
AGM
Graspear Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Graspear Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Anitha was appointed as Director.
Appointed
Malathi was appointed as Director.
Appointed
Suveetha Rajkumar was appointed as Director.
Incorporation
21 Dec 2020
Graspear Solutions Private Limited was registered on 21 Dec 2020 with Roc Chennai & aged 5 years 9 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Graspear Solutions Private Limited
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MSME Payment Delays by Graspear Solutions Private Limited
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Subsidiaries & Group Companies of Graspear Solutions Private Limited
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Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Graspear Solutions Private Limited
Graspear Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICG7400M1ZK | Tamil Nadu | Active | 18 Jan 2021 |
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MCA Filings & Documents of Graspear Solutions Private Limited
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Frequently Asked Questions about Graspear Solutions Private Limited
Graspear Solutions is an active private limited company based in Madurai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 21 December 2020 (6+ years old) and is registered under CIN U72900TN2020PTC140249.
Graspear Solutions reported revenue of ₹29.66 Lakh for FY 2024 (down 13% YoY).
Graspear Solutions has 3 current directors:
- Suveetha Rajkumar - Director
- Anitha - Director
- Malathi - Director
Graspear Solutions reported a net loss of ₹1.5 Lakh (net margin -5.1%) and EBITDA of ₹2.58 Lakh (EBITDA margin 8.7%) for FY 2024, as per its filed financial statements.
The GSTIN of Graspear Solutions is 33AAICG7400M1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Graspear Solutions is U72900TN2020PTC140249. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Graspear Solutions was incorporated on 21 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Graspear Solutions by revenue are Vacube IT Services Private Limited, Hybridplus Infotech Solution Private Limited, IT World Web.Com Private Limited, Technohandz India IT Consultants Private Limited, Byrdesoft Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Anitha was appointed as Director on 21 Dec 2020. Malathi was appointed as Director on 21 Dec 2020. Suveetha Rajkumar was appointed as Director on 21 Dec 2020.
Yes, Graspear Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Graspear Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-12-0012832).