About Solvedge Technology Services Private Limited
Data last updated:
Solvedge Technology Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 07 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2005PTC057765. Its GSTIN is 33AACCN1850G1ZU (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Noveltytek Solutions Private Limited. It is led by directors including Kamakshi Balavinayakamurthi Kumar and Prabakar Krishnamoorthy.
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 No 90 200 Feet Road Zamin Pallavaram, Chennai, Tamil Nadu, India – 600117.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.48 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹13.28 Lakh (net margin 1.6%) and EBITDA of ₹24.17 Lakh (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 113 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SolvEdge.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solvedge.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 90 200 Feet Road Zamin Pallavaram, Chennai, Tamil Nadu, India – 600117
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Solvedge Technology Services Private Limited
The main business activity of Solvedge Technology Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication 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 Solvedge Technology Services Private Limited FY 2025 filings available
Solvedge Technology Services Private Limited reported revenue of ₹8.48 Cr (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Solvedge Technology Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 10% growth in the latest year. EBITDA rose 299% 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 Solvedge Technology Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹24.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.28 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solvedge Technology Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Solvedge Technology Services 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 Solvedge Technology Services Private Limited
Solvedge Technology Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Interactive Financial Services Limited Listed | ₹8.51 Cr (FY 2025) | •••• | •••• | 145.0% | •••• | Ahmedabad, Gujarat, India |
| Eigenrisk Business Solutions India Private Limited | ₹8.51 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bengaluru, Karnataka, India |
| Technerds Solutions Private Limited | ₹8.49 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Varsun Etechnologies Private Limited | ₹8.49 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| True Fit Development India Private Limited | ₹8.48 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Mumbai, Maharashtra, India |
| Solvedge Technology Services Private Limited this company | ₹8.48 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Eai Systems (India) Private Limited | ₹8.47 Cr (FY 2024) | •••• | •••• | -38.0% | •••• | Mumbai, Maharashtra, India |
| Easy Design Systems Private Limited | ₹8.47 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Coimbatore, Tamil Nadu, India |
| Di Telecommunications Private Limited | ₹8.45 Cr (FY 2023) | •••• | •••• | 470.0% | •••• | Delhi, India |
| Alpha Plus Technologies Private Limited | ₹8.41 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Baxture Technologies Private Limited | ₹8.39 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Solvedge Technology Services by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solvedge Technology Services Private Limited
Solvedge Technology Services Private Limited is audited by Kumar & Raj for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kumar & Raj | 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 Solvedge Technology Services Private Limited
Solvedge Technology Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamakshi Balavinayakamurthi Kumar | Director | 07 Oct 2005 | 21 Years 0 Months | Current |
| Prabakar Krishnamoorthy | Director | 07 Oct 2005 | 21 Years 0 Months | Current |
| Gopalakrishnan Balaraman | Director | 07 Oct 2005 | 21 Years 0 Months | Current |
Ownership and Shareholding of Solvedge Technology Services 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 Solvedge Technology Services Private Limited
Solvedge Technology Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Solvedge Technology Services Private Limited
Solvedge Technology Services operates one associated brand: SolvEdge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers digital tools for healthcare providers to enhance patient engagement and financial management. | solvedge.com |
Employees and EPFO Compliance at Solvedge Technology Services Private Limited
Solvedge Technology Services Private Limited has a workforce of 113 employees as of Mar 23, 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.
Recent Activity on Solvedge Technology Services Private Limited
Solvedge Technology Services Private Limited has 3 board changes on record since 2005: 3 appointments. The latest: Gopalakrishnan Balaraman was appointed as Director on 07 Oct 2005.
Credit Ratings, Litigation & Regulatory Alerts for Solvedge Technology Services 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 Solvedge Technology Services 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 Solvedge Technology Services 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 Solvedge Technology Services Private Limited
Solvedge Technology Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCN1850G1ZU | Tamil Nadu | Active | 14 Oct 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 Solvedge Technology Services 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 Solvedge Technology Services Private Limited
Solvedge Technology Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 07 October 2005 (21+ years old) and is registered under CIN U72200TN2005PTC057765.
Solvedge Technology Services reported revenue of ₹8.48 Cr for FY 2024 (up 10% YoY).
Solvedge Technology Services has 3 current directors:
- Kamakshi Balavinayakamurthi Kumar - Director
- Prabakar Krishnamoorthy - Director
- Gopalakrishnan Balaraman - Director
Solvedge Technology Services reported a net profit of ₹13.28 Lakh (net margin 1.6%) and EBITDA of ₹24.17 Lakh (EBITDA margin 2.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solvedge Technology Services is 9% over three years and 6% over five years. In the latest year (FY 2024) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solvedge Technology Services is 33AACCN1850G1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Solvedge Technology Services is U72200TN2005PTC057765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solvedge Technology Services was incorporated on 07 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Solvedge Technology Services by revenue are Interactive Financial Services Limited, Eigenrisk Business Solutions India Private Limited, Technerds Solutions Private Limited, Varsun Etechnologies Private Limited, True Fit Development India Private Limited and 5 more, all in the Information Technology industry (Application Development).
Gopalakrishnan Balaraman was appointed as Director on 07 Oct 2005. Kamakshi Balavinayakamurthi Kumar was appointed as Director on 07 Oct 2005. Prabakar Krishnamoorthy was appointed as Director on 07 Oct 2005.
Solvedge Technology Services can be reached through the website solvedge.com. Its registered office is in Chennai, Tamil Nadu, India.