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Grove Systems Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.31 Cr
▲ 58% YoY
Net profit · FY 2025
₹12.2 Lakh
Net margin 1%
EBITDA · FY 2025
₹29.05 Lakh
EBITDA margin 2.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Grove Systems Private Limited
Data last updated:
Grove Systems Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 24 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2018PTC179799. Its GSTIN is 27AAHCG5253F1ZM (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Susan Jubi Grover and Vinod Grover.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No C 203 Savannah Wagholi Taluka Hawelli, Pune, Maharashtra, India – 412220.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.31 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹12.2 Lakh (net margin 1%) and EBITDA of ₹29.05 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years and 154% over five years.
As per MCA filings, the company has open charges of ₹4 Cr on record.
Grove Systems Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0040110). For more details, the company can be reached via its website grovesystems.co.
Company Details of Grove Systems Private Limited
CIN U74999PN2018PTC179799
Registration Number 179799
Incorporation Date 24 October 2018
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0040110
Key People
Susan Jubi Grover Director Vinod Grover Director Recognitions & Rankings of Grove Systems
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0040110
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No C 203 Savannah Wagholi Taluka Hawelli, Pune, Maharashtra, India – 412220
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
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Business Activity of Grove Systems Private Limited
The main business activity of Grove Systems is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Grove Systems Private Limited FY 2025 filings available
Grove Systems Private Limited reported revenue of ₹12.31 Cr (up 58% YoY) for FY 2025.
Revenue · FY 2025
₹12.31 Cr ▲ 58%
Net profit · FY 2025
₹12.2 Lakh margin 1%
EBITDA · FY 2025
₹29.05 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR) of Grove Systems Private Limited
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 82%
5 years · compounded
▲ 154%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 85%
5 years · compounded
▲ 188%
Revenue has grown at a compounded annual rate (CAGR) of 154% over five years, including 58% growth in the latest year. EBITDA fell 5% 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 Grove Systems 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 | ₹29.05 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.2 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 Grove Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 Grove Systems are in the company report.
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Financial statements from FY 2019
Earlier years and trend charts are in the company report.
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Board of Directors of Grove Systems Private Limited
Grove Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Susan Jubi Grover Also directs: Greenocare Solutions Private Limited | Director | 24 Oct 2018 | 7 Years 11 Months | Current |
| Vinod Grover Also directs: Greenocare Solutions Private Limited | Director | 24 Oct 2018 | 7 Years 11 Months | Current |
Peer Comparison of Grove Systems Private Limited
Grove Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hanuman Automation Private Limited | ₹12.42 Cr (FY 2020) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Nav Tech Electronics India Private Limited | ₹12.41 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Rapidradio Solutions Private Limited | ₹12.35 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Ahmedabad, Gujarat, India |
| Vmars Biopharma Private Limited | ₹12.35 Cr (FY 2025) | •••• | •••• | 236.0% | •••• | Bangalore, Karnataka, India |
| Salvonic Technologies Private Limited | ₹12.33 Cr (FY 2024) | •••• | •••• | 476.0% | •••• | New Delhi, Delhi, India |
| Grove Systems Private Limited this company | ₹12.31 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Pune, Maharashtra, India |
| Ozak Technologies Private Limited | ₹12.27 Cr (FY 2024) | •••• | •••• | 3377.0% | •••• | Ottapalam, Kerala, India |
| Cismac Automation Private Limited | ₹12.25 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Ahmedabad, Gujarat, India |
| Makimpact India Private Limited | ₹12.21 Cr (FY 2024) | •••• | •••• | 120.0% | •••• | Kochi, Kerala, India |
| Unisert Machines (India) Private Limited | ₹12.21 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | New Delhi, Delhi, India |
| Bergen Systems Private Limited | ₹12.15 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Grove Systems by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Grove Systems Private Limited
Grove Systems Private Limited is audited by KAVITA OJHA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAVITA OJHA & ASSOCIATES | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Grove Systems Private Limited
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Charges & Borrowings of Grove Systems Private Limited
Open charges
₹4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Oct 2024 | Others | ₹3 Cr | Open |
| 18 Aug 2023 | Hdfc Bank Limited | ₹1 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Grove Systems Private Limited
Employment history and EPFO contributions of people linked to Grove Systems.
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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 Grove Systems Private Limited
Grove Systems Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Susan Jubi Grover was appointed as Director on 24 Oct 2018.
AGM
Grove Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 300.00 Lakh registered on 19 Oct 2024 with Charge ID 101011473 was modified on 10 Jul 2025.
Filing
Grove Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 101011473 was registered on 19 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100814709 was registered on 18 Aug 2023.
Appointed
Susan Jubi Grover was appointed as Director.
Appointed
Vinod Grover was appointed as Director.
Incorporation
24 Oct 2018
Grove Systems Private Limited was registered on 24 Oct 2018 with Roc Pune & aged 7 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Grove Systems Private Limited
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MSME Payment Delays by Grove Systems Private Limited
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Subsidiaries & Group Companies of Grove Systems Private Limited
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GST Compliance of Grove Systems Private Limited
Grove Systems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCG5253F1ZM | Maharashtra | Active | 21 Jan 2019 |
| 07AAHCG5253F1ZO | Delhi | Active | 26 Sep 2020 |
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MCA Filings & Documents of Grove Systems Private Limited
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Frequently Asked Questions about Grove Systems Private Limited
Grove Systems is an active private limited company based in Pune, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 24 October 2018 (8+ years old) and is registered under CIN U74999PN2018PTC179799.
Grove Systems reported revenue of ₹12.31 Cr for FY 2025 (up 58% YoY).
Grove Systems has 2 current directors:
- Susan Jubi Grover - Director
- Vinod Grover - Director
Grove Systems reported a net profit of ₹12.2 Lakh (net margin 1%) and EBITDA of ₹29.05 Lakh (EBITDA margin 2.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Grove Systems is 82% over three years and 154% over five years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Grove Systems is 27AAHCG5253F1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAHCG5253F1ZO (Delhi).
The CIN (Corporate Identification Number) of Grove Systems is U74999PN2018PTC179799. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grove Systems was incorporated on 24 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Grove Systems by revenue are Hanuman Automation Private Limited, Nav Tech Electronics India Private Limited, Rapidradio Solutions Private Limited, Vmars Biopharma Private Limited, Salvonic Technologies Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Susan Jubi Grover was appointed as Director on 24 Oct 2018. Vinod Grover was appointed as Director on 24 Oct 2018.
Yes, Grove Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).