Sourveda Solutions Private Limited
About Sourveda Solutions Private Limited
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Sourveda Solutions Private Limited is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the specialised services segment of the trading and commerce sector. It was incorporated on 11 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51909PN2019PTC183472. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sourveda Soultions Private Limited. It is led by directors Chhaya Vishwas Jadhav and Jyoti Sunil Chitnis.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C/O Sunil A Chitnis 8 Shrikrishna Row Yashodanagar Pipeline Road Savedi, Ahmednagar, Maharashtra, India – 414003.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.65 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹3.95 Lakh (net margin -23.7%) and EBITDA of -₹3.95 Lakh (EBITDA margin -23.7%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
As per MCA filings, the company has satisfied charges of ₹10 Lakh on record.
Company details
Contact details
Sourveda Solutions Private Limited's registered office is in Ahmednagar, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC/O Sunil A Chitnis 8 Shrikrishna Row Yashodanagar Pipeline Road Savedi, Ahmednagar, Maharashtra, India – 414003
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Sourveda 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
Business activity
The main business activity of Sourveda Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Sourveda Solutions Private Limited, buy the company report.
Financials of Sourveda Solutions Private Limited
FY 2023 filings availableSourveda Solutions Private Limited reported revenue of ₹16.65 Lakh (down 70% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 70% fall in the latest year. EBITDA fell 73% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.95 Lakh | |||
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| Net Profit (PAT) | -₹3.95 Lakh | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -23.7% | |||
| Net Profit Margin | -23.7% | |||
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To see the full financial statements and ratios of Sourveda Solutions Private Limited, buy the company report.
Board of directors of Sourveda Solutions Private Limited
Sourveda Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chhaya Vishwas Jadhav | Director | 11 Apr 2019 | 7 Years 6 Months | Current |
| Jyoti Sunil Chitnis | Director | 11 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Sourveda Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Heirloom Heritage Exports Private Limited | ₹16.67 Lakh (FY 2024) | -27.0% | Bhubaneswar, Odisha, India | |||
| PMR Associate Private Limited | ₹16.67 Lakh (FY 2017) | -63.0% | Hisar, Haryana, India | |||
| Rari Argentino Luxe Jewellery Private Limited | ₹16.67 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| 3V Trading (India) Private Limited | ₹16.66 Lakh (FY 2019) | -45.0% | New Delhi, Delhi, India | |||
| Gizmoserv Industries Private Limited | ₹16.66 Lakh (FY 2022) | 37.0% | Pune, Maharashtra, India | |||
| Sourveda Solutions Private Limitedthis company | ₹16.65 Lakh (FY 2023) | -₹3.95 Lakh | -23.7% | -70.0% | Ahmednagar, Maharashtra, India | |
| Naveost Global Private Limited | ₹16.65 Lakh (FY 2023) | 8.0% | New Delhi, Delhi, India | |||
| Samraksha Infosoft Private Limited | ₹16.65 Lakh (FY 2023) | -27.0% | Bangalore, Karnataka, India | |||
| Aava Technovision Private Limited | ₹16.65 Lakh (FY 2016) | -11.0% | Ahmedabad, Gujarat, India | |||
| Brightlife Vision (OPC) Private Limited | ₹16.64 Lakh (FY 2024) | -35.0% | Delhi, India | |||
| Veer Fire Services Private Limited | ₹16.64 Lakh (FY 2024) | -37.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Sourveda Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 2020 | 100318603 | Others | ₹10 Lakh | Satisfied |
To see the full charge records of Sourveda Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sourveda 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 Sourveda Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sourveda Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sourveda Solutions Private Limited, buy the company report.
Recent activity
Sourveda Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Chhaya Vishwas Jadhav was appointed as Director on 11 Apr 2019.
Frequently asked questions
Sourveda Solutions is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in specialty, within the trading industry. It was incorporated on 11 April 2019 (7+ years old) and is registered under CIN U51909PN2019PTC183472.
Sourveda Solutions has 2 current directors:
- Chhaya Vishwas Jadhav - Director
- Jyoti Sunil Chitnis - Director
The latest financial statements of Sourveda Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
No. Sourveda Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sourveda Solutions is U51909PN2019PTC183472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sourveda Solutions was incorporated on 11 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Sourveda Solutions by revenue are Heirloom Heritage Exports Private Limited, PMR Associate Private Limited, Rari Argentino Luxe Jewellery Private Limited, 3V Trading (India) Private Limited, Gizmoserv Industries Private Limited and 5 more, all in the same principal business activity (retail trading).
Chhaya Vishwas Jadhav was appointed as Director on 11 Apr 2019. Jyoti Sunil Chitnis was appointed as Director on 11 Apr 2019.
The registered office of Sourveda Solutions is at CO Sunil A Chitnis 8 Shrikrishna Row Yashodanagar Pipeline Road Savedi, Ahmednagar, Maharashtra, India – 414003.
Sourveda Solutions operates in the trading industry, in the specialty segment.
Sourveda Solutions has no open charges and satisfied charges of ₹10 Lakh as per latest MCA filings.