About Solution IT Private Limited
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Solution IT Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Solution It Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2008PTC105660. Its GSTIN is 37AAMCS0516L1Z3 (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Solution It & Bpo Private Limited. It is led by directors Jogesh Tumbali and Pappala Umeshwar Rao.
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 Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.77 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹50.06 Lakh (net margin 10.5%) and EBITDA of ₹73.37 Lakh (EBITDA margin 15.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 12% over five years.
The company is associated with 1 brand: Solution IT.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solutionit.com.
Company details
CIN history
Solution IT has one previous CIN (Corporate Identification Number): U72900PN2008PTC132219. The current CIN is U72900AP2008PTC105660, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900AP2008PTC105660 | Current |
| U72900PN2008PTC132219 | Previous |
Contact details
Solution IT Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is solutionit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7 – 1 – 75 Encore Centre, Kirlampudi Layout China Waltair, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Solution IT 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
Solution IT operates one associated brand: Solution IT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive IT recruitment services to support business hiring needs. | solutionit.com |
Business activity
The main business activity of Solution IT 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 Solution IT Private Limited, buy the company report.
Financials of Solution IT Private Limited
FY 2025 filings availableSolution IT Private Limited reported revenue of ₹4.77 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 2% growth in the latest year. EBITDA fell 28% 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 | ₹73.37 Lakh | ||||
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| Net Profit (PAT) | ₹50.06 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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| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 10.5% | ||||
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To see the full financial statements and ratios of Solution IT Private Limited, buy the company report.
Board of directors of Solution IT Private Limited
Solution IT has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jogesh Tumbali | Director | 05 Jun 2019 | 7 Years 4 Months | Current |
| Pappala Umeshwar Rao Also directs: Encore India Solutions Private Limited | Director | 13 Dec 2011 | 14 Years 10 Months | Current |
Peer comparison
Solution IT Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Singx Cross Border Solutions Private Limited | ₹4.78 Cr (FY 2025) | 51.0% | Pune, Maharashtra, India | |||
| Solution IT Private Limitedthis company | ₹4.77 Cr (FY 2024) | ₹50.06 Lakh | 10.5% | 2.0% | Visakhapatnam, Andhra Pradesh, India | |
| Infodat Technologies (India) Private Limited | ₹4.77 Cr (FY 2025) | -13.0% | Hyderabad, Telangana, India | |||
| Ninety Nine Oranges Technologies Private Limited | ₹4.76 Cr (FY 2024) | -21.0% | Dadri, Uttar Pradesh, India |
To see the full peer comparison of Solution IT Private Limited, buy the company report.
Auditor
Solution IT Private Limited is audited by CHALAM ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHALAM ASSOCIATES | FY 2023 | 00549S |
Shareholding
The shareholding of Solution IT 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 Solution IT Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solution IT 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 Solution IT Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solution IT has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAMCS0516L1Z3 | Andhra Pradesh | Active | 23 Aug 2017 |
To see the full GST registrations and return filing status of Solution IT Private Limited, buy the company report.
Recent activity
Solution IT Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Jogesh Tumbali ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Solution IT is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 June 2008 (18+ years old) and is registered under CIN U72900AP2008PTC105660.
Solution IT has 2 current directors:
- Jogesh Tumbali - Director
- Pappala Umeshwar Rao - Director
The latest financial statements of Solution IT 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 2015 are in the company report.
The GSTIN of Solution IT is 37AAMCS0516L1Z3, registered in Andhra Pradesh. 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 Solution IT is U72900AP2008PTC105660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solution IT was incorporated on 12 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Solution IT by revenue are Singx Cross Border Solutions Private Limited, Infodat Technologies (India) Private Limited, Ninety Nine Oranges Technologies Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Jogesh Tumbali ceased to be Additional Director on 30 Sep 2019. Chhaya Rastogi ceased to be Managing Director on 10 Jun 2019. Jogesh Tumbali was appointed as Director on 05 Jun 2019. Solution IT has 8 board changes on record in total.
Solution IT can be reached through the website solutionit.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Solution IT is at 7 – 1 – 75 Encore Centre, Kirlampudi Layout China Waltair, Visakhapatnam, Andhra Pradesh, India – 530017.
Solution IT operates in the information technology industry, in the IT consulting and support services segment.