About Qualitree Solutions Private Limited
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Qualitree Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Tekstrom Inc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 07 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2004PTC033155. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹98.51 Lakh. It is led by directors including Charanjeet Singh Minhas (Managing Director) and Subrat Kumar Patra (Whole-Time Director).
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 Plot No. 220 & 221 Bommasandra Jigani Link Road Industrail Area, Bangalore, Karnataka, India – 560099.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.29 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹54.74 Lakh (net margin -12.8%) and EBITDA of -₹40.22 Lakh (EBITDA margin -9.4%). Revenue has grown at a compounded annual rate (CAGR) of 109% over three years and 56% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹34.92 Lakh 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 qualitreeinc.com.
Company details
Contact details
Qualitree Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is qualitreeinc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 220 & 221 Bommasandra Jigani Link Road Industrail Area, Bangalore, Karnataka, India – 560099
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Qualitree Solutions 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
Financials of Qualitree Solutions Private Limited
FY 2024 filings availableQualitree Solutions Private Limited reported revenue of ₹4.29 Cr (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 56%. EBITDA fell 318% 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 |
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| EBITDA | -₹40.22 Lakh | ||||
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| Net Profit (PAT) | -₹54.74 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -9.4% | ||||
| Net Profit Margin | -12.8% | ||||
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To see the full financial statements and ratios of Qualitree Solutions Private Limited, buy the company report.
Board of directors of Qualitree Solutions Private Limited
Qualitree Solutions has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasad Madineni Also directs: Mavin Skills Private Limited | Director | 05 Nov 2010 | 16 Years 0 Months | Current |
| Sunmeet Singh Sethi | Director | 05 Nov 2010 | 16 Years 0 Months | Current |
| Subrat Kumar Patra Also directs: Mavin Skills Private Limited | Whole-Time Director | 24 Dec 2014 | 11 Years 10 Months | Current |
| Charanjeet Singh Minhas | Managing Director | 13 Jun 2008 | 18 Years 4 Months | Current |
Peer comparison
Qualitree Solutions Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cargomile Logistics India Private Limited | ₹4.32 Cr (FY 2024) | 42.0% | Bengaluru, Karnataka, India | |||
| Netex Technologies Limited | ₹4.32 Cr (FY 2025) | 775.0% | New Delhi, Delhi, India | |||
| Sciforn Solutions Private Limited | ₹4.31 Cr (FY 2025) | 57.0% | Pune, Maharashtra, India | |||
| Salesbook Technologies Private Limited | ₹4.3 Cr (FY 2025) | 5836.0% | Kanpur, Uttar Pradesh, India | |||
| Vikas Info Solutions Private Limited | ₹4.29 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Qualitree Solutions Private Limitedthis company | ₹4.29 Cr (FY 2024) | -₹54.74 Lakh | -12.8% | -26.0% | 1 | Bangalore, Karnataka, India |
| Fusionspan India Private Limited | ₹4.28 Cr (FY 2025) | 27.0% | Nagpur, Maharashtra, India | |||
| Autoline Design Software Limited | ₹4.28 Cr (FY 2025) | -8.0% | Pune, Maharashtra, India | |||
| Y Point Analytics (India) Private Limited | ₹4.28 Cr (FY 2025) | -3.0% | Secunderabad, Telangana, India | |||
| Cloud Vantage Solutions Private Limited | ₹4.27 Cr (FY 2025) | 174.0% | Chennai, Tamil Nadu, India | |||
| Teckraft Infosolutions Private Limited | ₹4.27 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Qualitree Solutions Private Limited, buy the company report.
Auditor
Qualitree Solutions Private Limited is audited by N R K REDDY & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N R K REDDY & CO | FY 2018 | 011884S |
Shareholding
The shareholding of Qualitree Solutions Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Qualitree Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2006 | 80006154 | Karnataka State Financial Corporation | ₹34.92 Lakh | Satisfied |
To see the full charge records of Qualitree Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Qualitree Solutions 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 Qualitree Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Qualitree Solutions Private Limited has a workforce of 1 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Qualitree Solutions has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Qualitree Solutions Private Limited, buy the company report.
Recent activity
Qualitree Solutions Private Limited has 13 board changes on record since 2008: 4 appointments and 9 cessations. The latest: Parthiv Subodh Zaveri ceased to be Director on 05 Apr 2019.
7 earlier events are in the company report.
Frequently asked questions
Qualitree Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 07 January 2004 (22+ years old) and is registered under CIN U74140KA2004PTC033155.
Qualitree Solutions has 4 current directors:
- Charanjeet Singh Minhas - Managing Director
- Subrat Kumar Patra - Whole-Time Director
- Prasad Madineni - Director
- Sunmeet Singh Sethi - Director
The latest financial statements of Qualitree Solutions 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.
No. Qualitree Solutions has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Qualitree Solutions is U74140KA2004PTC033155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Qualitree Solutions was incorporated on 07 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Qualitree Solutions by revenue are Cargomile Logistics India Private Limited, Netex Technologies Limited, Sciforn Solutions Private Limited, Salesbook Technologies Private Limited, Vikas Info Solutions Private Limited and 5 more, all in the Information Technology industry (Software Services).
Parthiv Subodh Zaveri ceased to be Director on 05 Apr 2019. Subrat Kumar Patra was appointed as Whole-Time Director on 24 Dec 2014. Subrat Kumar Patra ceased to be Additional Director on 24 Dec 2014. Qualitree Solutions has 13 board changes on record in total.
Qualitree Solutions can be reached through the website qualitreeinc.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Qualitree Solutions is at Plot No. 220 & 221 Bommasandra Jigani Link Road Industrail Area, Bangalore, Karnataka, India – 560099.
Qualitree Solutions operates in the information technology industry, in the software development and support services segment.
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