About Growel Softech Private Limited
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Growel Softech Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 October 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN1999PTC227247. Its GSTIN is 27AAACU3666M1ZV (Maharashtra).
The company has an authorised share capital of ₹4.2 Cr and a paid-up capital of ₹3.69 Cr. It was formerly known as Unifor Software Private Limited and Growel Softech Limited. It is led by directors including Rameshkumar More and Abhishek Rameshkumar More.
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 Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.75 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹3.98 Cr (net margin -69.2%) and EBITDA of -₹1.28 Cr (EBITDA margin -22.3%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 23% over five years.
The company has about 94 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.87 Cr and satisfied charges of ₹4.5 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 growelsoftech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address4th Floor Sr No.208/1/1, Lalwani Triumph Viman Nagar, Pune, Maharashtra, India – 411014
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Growel Softech Private Limited
The main business activity of Growel Softech is information and communication. In detail, this covers information service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 63 | Information service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Growel Softech Private Limited FY 2024 filings available
Growel Softech Private Limited reported revenue of ₹5.75 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Growel Softech Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 12% fall in the latest year. EBITDA rose 35% 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 Growel Softech 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 | -₹1.28 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.98 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Growel Softech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -69.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Growel Softech 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 Growel Softech Private Limited
Growel Softech Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Its own revenue is ₹5.75 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techaim Information Technologies Private Limited | ₹5.76 Cr | ₹72.78 Lakh | 13% | +69% | Pune, Maharashtra, India | |
| Hameer Facility Management Private Limited | ₹5.76 Cr | ₹17.82 Lakh | 3% | -29% | 272 | Hamirpur, Himachal Pradesh, India |
| Eurofins BPO (India) Private Limited | ₹5.76 Cr | ₹40.51 Lakh | 7% | +10% | Bangalore, Karnataka, India | |
| Kanban Infosystem Private Limited | ₹5.76 Cr | ₹12.17 Lakh | 2% | +25% | 18 | Laxmi Nagar, Delhi, India |
| Shripad Engineering Services Private Limited | ₹5.75 Cr | ₹6.85 Lakh | 1% | +25% | Bangalore South, Karnataka, India | |
| Growel Softech Private Limited this company | ₹5.75 Cr | ₹3.98 Cr | -69.2% | Pune, Maharashtra, India | ||
| Sadashiva Financial Services Holdings Private Limited | ₹5.75 Cr | ₹1.59 Cr | -28% | -1% | Chennai, Tamil Nadu, India | |
| Digital Ecom Techno Private Limited | ₹5.74 Cr | ₹42.03 Lakh | -7% | +18% | 11 | Bangalore, Karnataka, India |
| SVK Global Solutions Private Limited | ₹5.74 Cr | ₹16.59 Lakh | 3% | +19% | 40 | Hyderabad, Telangana, India |
| Agm Infra Solutions Private Limited | ₹5.73 Cr | ₹60.53 Lakh | 11% | +22% | 19 | Hyderabad, Telangana, India |
| Req Solutions Private Limited | ₹5.72 Cr | ₹54.01 Lakh | 9% | +27% | 50 | Ahmadabad City, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Growel Softech by revenue in the Outsourcing industry (HR Outsourcing), 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 Growel Softech Private Limited
Growel Softech Private Limited is audited by Palnitkar And Patwardhan for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Palnitkar And Patwardhan | 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 Growel Softech Private Limited
Growel Softech has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshkumar More Also directs: Digikore Studios Limited, Indoswe Engineers Private Limited | Director | 01 Apr 2004 | 22 Years 6 Months | Current |
| Abhishek Rameshkumar More | Director | 29 Apr 2011 | 15 Years 5 Months | Current |
| Rohit Rameshkumar More | Director | 30 Sep 2014 | 12 Years 0 Months | Current |
Ownership and Shareholding of Growel Softech 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 Growel Softech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Aug 2024 | Others | ₹9.62 Cr | Open |
| 31 Dec 2022 | Others | ₹4.5 Cr | Open |
| 10 Sep 2020 | Others | ₹40 Lakh | Open |
| 28 Nov 2018 | Others | ₹35 Lakh | Open |
| 31 Mar 2022 | Others | ₹50 Lakh | Satisfied |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Growel Softech Private Limited
Growel Softech Private Limited has a workforce of 94 employees as of Apr 10, 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.
Name History of Growel Softech Private Limited
Growel Softech has undergone 2 name changes throughout its history. The company was previously known as Unifor Software Private Limited, and Growel Softech Limited. The current legal name is Growel Softech Private Limited.
| Company Name | Status |
|---|---|
| Growel Softech Private Limited | Current |
| Unifor Software Private Limited | Previous |
| Growel Softech Limited | Previous |
CIN History of Growel Softech Private Limited
Growel Softech has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200PN1999PTC227247, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200PN1999PTC227247 | Current |
| U72200MH1999PTC122184 | Previous |
| U72200MH1999PLC122184 | Previous |
Recent Activity on Growel Softech Private Limited
Growel Softech Private Limited has 9 board changes on record since 2004: 3 appointments and 6 cessations. The latest: Mohan Hirachand Palesha ceased to be Additional Director on 23 Sep 2015.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Growel Softech 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 Growel Softech 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 Growel Softech 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 Growel Softech Private Limited
Growel Softech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU3666M1ZV | Maharashtra | 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 Growel Softech 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 Growel Softech Private Limited
Growel Softech is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 October 1999 (27+ years old) and is registered under CIN U72200PN1999PTC227247.
Growel Softech reported revenue of ₹5.75 Cr for FY 2025 (down 12% YoY).
Growel Softech has 3 current directors:
- Rameshkumar More - Director
- Abhishek Rameshkumar More - Director
- Rohit Rameshkumar More - Director
Growel Softech reported a net loss of ₹3.98 Cr (net margin -69.2%) and EBITDA of -₹1.28 Cr (EBITDA margin -22.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Growel Softech is -38% over three years and -23% over five years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Growel Softech is 27AAACU3666M1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Growel Softech is U72200PN1999PTC227247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Growel Softech was incorporated on 12 October 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Growel Softech by revenue are Techaim Information Technologies Private Limited, Hameer Facility Management Private Limited, Eurofins BPO (India) Private Limited, Kanban Infosystem Private Limited, Shripad Engineering Services Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Mohan Hirachand Palesha ceased to be Additional Director on 23 Sep 2015. Rohit Rameshkumar More was appointed as Director on 30 Sep 2014. Sudhir Laxminarayan Tandon ceased to be Director on 30 Sep 2014. Growel Softech has 9 board changes on record in total.
Growel Softech can be reached through the website growelsoftech.com. Its registered office is in Pune, Maharashtra, India.