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Sorice Solutions Private Limited - information technology in Palarivattom, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.32 Cr
▲ 34% YoY
Net profit · FY 2024
₹7.65 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹44.94 Lakh
EBITDA margin 4.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Sorice Solutions Private Limited
Data last updated:
Sorice Solutions Private Limited is a private limited company based in Palarivattom, Kerala, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 11 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2019PTC056320. Its GSTIN is 32ABBCS4174Q1ZY (Kerala).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jothish Kumar Narayanan and Rajagopal M Kartha.
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 32/1495 – B2 3rd Floor Chakos Chambers Pipe Line Junction, Palarivattom, Kerala, India – 682025.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.32 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹7.65 Lakh (net margin 0.7%) and EBITDA of ₹44.94 Lakh (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years.
The company is associated with 1 brand: Sorice Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website soricesolutions.com.
Company details
CIN U72900KL2019PTC056320
Registration Number 056320
Incorporation Date 11 January 2019
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Sorice Solutions
Contact details
Sorice Solutions Private Limited's registered office is in Palarivattom, Kerala. Its website is soricesolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address32/1495 – B2 3rd Floor Chakos Chambers Pipe Line Junction, Palarivattom, Kerala, India – 682025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Sorice Solutions Private Limited, buy the company report.
Comprehensive company report
Sorice Solutions Private Limited - one report that includes everything
- 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
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Brands
Sorice Solutions operates one associated brand: Sorice Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT consulting, software development, and staffing services worldwide. | soricesolutions.com |
Business activity
The main business activity of Sorice 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 Sorice Solutions Private Limited, buy the company report.
Financials of Sorice Solutions Private Limited
FY 2024 filings availableSorice Solutions Private Limited reported revenue of ₹10.32 Cr (up 34% YoY) for FY 2024.
Revenue · FY 2024
₹10.32 Cr ▲ 34%
Net profit · FY 2024
₹7.65 Lakh margin 0.7%
EBITDA · FY 2024
₹44.94 Lakh margin 4.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 43%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 49%
Revenue has grown at a compounded annual rate (CAGR) of 43% over three years, including 34% growth in the latest year. EBITDA fell 23% 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 | ₹44.94 Lakh | ||||
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| Net Profit (PAT) | ₹7.65 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sorice Solutions Private Limited, buy the company report.
Board of directors of Sorice Solutions Private Limited
Sorice Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jothish Kumar Narayanan Also directs: Wimoku Private Limited (OPC) | Director | 11 Jan 2019 | 7 Years 9 Months | Current |
| Rajagopal M Kartha | Director | 11 Jan 2019 | 7 Years 9 Months | Current |
| Vinod Krishnan | Director | 10 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Sorice Solutions Private Limited is compared with the 9 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Validus India Technology Services Private Limited | ₹10.32 Cr (FY 2025) | -5.0% | Bengaluru, Karnataka, India | |||
| Stigasoft Private Limited | ₹10.32 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Light Information Systems Private Limited | ₹10.32 Cr (FY 2025) | -6.0% | Pune, Maharashtra, India | |||
| Syncordis Software Services India Private Limited | ₹10.32 Cr (FY 2020) | 43.0% | Mumbai, Maharashtra, India | |||
| Sorice Solutions Private Limitedthis company | ₹10.32 Cr (FY 2024) | ₹7.65 Lakh | 0.7% | 34.0% | Palarivattom, Kerala, India | |
| Beetlerim Technologies Private Limited | ₹10.32 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Pace Computer Consultants Pvt Ltd | ₹10.31 Cr (FY 2024) | -12.0% | Ahmedabad, Gujarat, India | |||
| Ness Software Services Private Limited | ₹10.31 Cr (FY 2019) | 0.0% | Mumbai, Maharashtra, India | |||
| Memryx Solutions Private Limited | ₹10.29 Cr (FY 2025) | 34.0% | Bangalore, Karnataka, India | |||
| Techperspect Software Private Limited | ₹10.28 Cr (FY 2025) | 12.0% | Delhi, India |
To see the full peer comparison of Sorice Solutions Private Limited, buy the company report.
Auditor
Sorice Solutions Private Limited is audited by Naveen Kumar K & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Naveen Kumar K & Co. | FY 2023 | 015526S |
Shareholding
The shareholding of Sorice Solutions Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sorice Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sorice 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 Sorice Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sorice Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32ABBCS4174Q1ZY | Kerala | Active | 07 Jun 2019 |
To see the full GST registrations and return filing status of Sorice Solutions Private Limited, buy the company report.
Recent activity
Sorice Solutions Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Vinod Krishnan ceased to be Additional Director on 29 Sep 2024.
AGM
Sorice Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Vinod Krishnan ceased to be Additional Director.
Appointed
Vinod Krishnan was appointed as Director.
Filing
Sorice Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Ceased
Gomathi Eswari Thirugnanam ceased to be Director.
Appointed
Jothish Kumar Narayanan was appointed as Director.
Appointed
Rajagopal M Kartha was appointed as Director.
Incorporation
11 Jan 2019
Sorice Solutions Private Limited was registered on 11 Jan 2019 with Roc Ernakulam & aged 7 years 9 months as per MCA records.
Frequently asked questions
Sorice Solutions is an active private limited company based in Palarivattom, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 11 January 2019 (7+ years old) and is registered under CIN U72900KL2019PTC056320.
Sorice Solutions has 3 current directors:
- Jothish Kumar Narayanan - Director
- Rajagopal M Kartha - Director
- Vinod Krishnan - Director
The latest financial statements of Sorice 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 FY 2019 are in the company report.
The GSTIN of Sorice Solutions is 32ABBCS4174Q1ZY, registered in Kerala.
The CIN (Corporate Identification Number) of Sorice Solutions is U72900KL2019PTC056320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sorice Solutions was incorporated on 11 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Sorice Solutions by revenue are Validus India Technology Services Private Limited, Stigasoft Private Limited, Light Information Systems Private Limited, Syncordis Software Services India Private Limited, Beetlerim Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Vinod Krishnan ceased to be Additional Director on 29 Sep 2024. Vinod Krishnan was appointed as Director on 10 Sep 2024. Gomathi Eswari Thirugnanam ceased to be Director on 11 Jul 2023. Sorice Solutions has 5 board changes on record in total.
Yes, Sorice Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Sorice Solutions can be reached through the website soricesolutions.com. Its registered office is in Palarivattom, Kerala, India.
The registered office of Sorice Solutions is at 321495 – B2 3rd Floor Chakos Chambers Pipe Line Junction, Palarivattom, Kerala, India – 682025.