About Sollet Soft Solutions Private Limited
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Sollet Soft Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 24 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2012PTC082684. Its GSTIN is 36AARCS9306H1ZV (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.6 Cr and a paid-up capital of ₹2.02 Cr. It is led by directors Ramesh Baswa (Managing Director) and Elisha Palle Israel.
Its last annual general meeting (AGM) was held on 05 October 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at H. No. 1 – 62/172 3rd Floor Kavuri Hills Phase – II Madhapur, Hyderabad, Telangana, India – 500033.
As per the financials filed for FY 2020, the company reported a revenue of ₹69,111, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹6,332 (net margin 9.2%) and EBITDA of ₹37,085 (EBITDA margin 53.7%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 69% over five years.
The company is associated with 2 brands: Peponz and sBuzz - BIM. As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 23 cases involving the company, including 23 filed against it; 8 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website sollet.co.in.
Company details
CIN history
Sollet Soft Solutions has one previous CIN (Corporate Identification Number): U72200AP2012PTC082684. The current CIN is U72200TG2012PTC082684, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2012PTC082684 | Current |
| U72200AP2012PTC082684 | Previous |
Contact details
Sollet Soft Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is sollet.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH. No. 1 – 62/172 3rd Floor Kavuri Hills Phase – II Madhapur, Hyderabad, Telangana, India – 500033
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Sollet Soft 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
Brands
Sollet Soft Solutions operates two associated brands: Peponz and sBuzz - BIM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a portal for mobile, DTH, and datacard recharges. | peponz.com | |
| Delivers an enterprise mobile application for secure messaging and broadcasting. | solletbuzz.com |
Business activity
The main business activity of Sollet Soft Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Sollet Soft Solutions Private Limited, buy the company report.
Financials of Sollet Soft Solutions Private Limited
FY 2020 filings availableSollet Soft Solutions Private Limited reported revenue of ₹69,111 (down 99% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over five years, including a 99% fall in the latest year. EBITDA fell 96% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹69,111 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37,085 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6,332 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.7% | ||||
| Net Profit Margin | 9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Sollet Soft Solutions Private Limited, buy the company report.
Board of directors of Sollet Soft Solutions Private Limited
Sollet Soft Solutions has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Baswa | Managing Director | 24 Aug 2012 | 14 Years 1 Months | Current |
| Elisha Palle Israel | Additional Director | 04 Jan 2022 | 4 Years 9 Months | Current |
Auditor
Sollet Soft Solutions Private Limited is audited by KUMARROY BARMAN PRASANTA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMARROY BARMAN PRASANTA & ASSOCIATES | FY 2020 | 330634E |
Shareholding
The shareholding of Sollet Soft Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sollet Soft Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2016 | 100107488 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Sollet Soft Solutions Private Limited has 23 court cases on record: 23 filed against it. 8 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 23 | 8 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Pending |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by M/S. Iotech Analytics Pvt. Ltd., | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Neogrowth Credit Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Giriraj Renewables Pvt. Ltd. | Pending |
To see the full case history of Sollet Soft Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sollet Soft Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sollet Soft Solutions Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Sollet Soft Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AARCS9306H1ZV | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sollet Soft Solutions Private Limited, buy the company report.
Recent activity
Sollet Soft Solutions Private Limited has 11 board changes on record since 2012: 2 appointments and 9 cessations. The latest: Elisha Palle Israel was appointed as Additional Director on 04 Jan 2022.
3 earlier events are in the company report.
Frequently asked questions
Sollet Soft Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 24 August 2012 (14+ years old) and is registered under CIN U72200TG2012PTC082684.
Sollet Soft Solutions has 2 current directors:
- Ramesh Baswa - Managing Director
- Elisha Palle Israel - Additional Director
The latest financial statements of Sollet Soft Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 05 October 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Sollet Soft Solutions is 36AARCS9306H1ZV, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sollet Soft Solutions is U72200TG2012PTC082684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sollet Soft Solutions has 23 court cases on record: 23 filed against it. 8 are pending.
Sollet Soft Solutions was incorporated on 24 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
Elisha Palle Israel was appointed as Additional Director on 04 Jan 2022. Remilla Shanmukha Karthik ceased to be Additional Director on 04 Jan 2022. Baswa Rajitha ceased to be Director on 15 Oct 2020. Sollet Soft Solutions has 11 board changes on record in total.
Sollet Soft Solutions can be reached through the website sollet.co.in. Its registered office is in Hyderabad, Telangana, India.
The registered office of Sollet Soft Solutions is at H. No. 1 – 62172 3rd Floor Kavuri Hills Phase – II Madhapur, Hyderabad, Telangana, India – 500033.