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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
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
Grove Systems Private Limited's registered office is in Pune, Maharashtra. Its website is grovesystems.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No C 203 Savannah Wagholi Taluka Hawelli, Pune, Maharashtra, India – 412220
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Grove Systems Private Limited, buy the company report.
Comprehensive company report
Grove Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Grove Systems 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 Grove Systems Private Limited, buy the company report.
Financials of Grove Systems Private Limited
FY 2025 filings availableGrove 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹29.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.2 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Grove Systems Private Limited, buy the company report.
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 |
Auditor
Grove Systems Private Limited is audited by KAVITA OJHA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAVITA OJHA & ASSOCIATES | FY 2023 | 022287N |
Shareholding
The shareholding of Grove Systems 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 Grove Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2024 | 101011473 | Others | ₹3 Cr | Open | |
| 18 Aug 2023 | 100814709 | Hdfc Bank Limited | ₹1 Cr | Open |
To see the full charge records of Grove Systems Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Grove Systems 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 Grove Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Grove Systems Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Susan Jubi Grover - Director
- Vinod Grover - Director
The latest financial statements of Grove Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
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.
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).
Yes, Grove Systems is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0040110).
Grove Systems can be reached through the website grovesystems.co. Its registered office is in Pune, Maharashtra, India.