About Toverto Solutions Private Limited
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Toverto Solutions Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72100TZ2017PTC033049. Its GSTIN is 33AAGCT3385G1ZA (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nallusamy Dhanapal and Mariappn Tamilselvan.
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 No 1/441 Avinashi Main Road Near Indian Bank Chinniampalayam, Coimbatore, Tamil Nadu, India – 641062.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.86 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹24.66 Lakh (net margin -50.5%) and EBITDA of -₹19.57 Lakh (EBITDA margin -40.1%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company is associated with 1 brand: Toverto.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website toverto.com.
Company details
CIN history
Toverto Solutions has one previous CIN (Corporate Identification Number): U72100TN2017PTC117535. The current CIN is U72100TZ2017PTC033049, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100TZ2017PTC033049 | Current |
| U72100TN2017PTC117535 | Previous |
Contact details
Toverto Solutions Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is toverto.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 1/441 Avinashi Main Road Near Indian Bank Chinniampalayam, Coimbatore, Tamil Nadu, India – 641062
- IndustryInformation Technology, IT Consulting & Support Services, Application Development & Software Solutions
To see the full contact details of Toverto 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
Toverto Solutions operates one associated brand: Toverto. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides software development and IT services for businesses using innovative technologies. | toverto.com |
Business activity
The main business activity of Toverto 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 Toverto Solutions Private Limited, buy the company report.
Financials of Toverto Solutions Private Limited
FY 2024 filings availableToverto Solutions Private Limited reported revenue of ₹48.86 Lakh (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 16% fall in the latest year. EBITDA fell 962% 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 | -₹19.57 Lakh | ||||
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| Net Profit (PAT) | -₹24.66 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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| Profitability | |||||
| EBITDA Margin | -40.1% | ||||
| Net Profit Margin | -50.5% | ||||
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To see the full financial statements and ratios of Toverto Solutions Private Limited, buy the company report.
Board of directors of Toverto Solutions Private Limited
Toverto Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nallusamy Dhanapal | Director | 21 Apr 2018 | 8 Years 6 Months | Current |
| Mariappn Tamilselvan | Director | 12 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Toverto Solutions Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Gyanmatrix Academy Private Limited | ₹48.9 Lakh (FY 2025) | 594.0% | Coimbatore, Tamil Nadu, India | |||
| Fadel Software Solutions Private Limited | ₹48.9 Lakh (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Dotsmart Technologies Private Limited | ₹48.87 Lakh (FY 2024) | 147.0% | Chennai, Tamil Nadu, India | |||
| Abundant AI Private Limited | ₹48.86 Lakh (FY 2025) | 63.0% | Chennai, Tamil Nadu, India | |||
| Toverto Solutions Private Limitedthis company | ₹48.86 Lakh (FY 2024) | -₹24.66 Lakh | -50.5% | -16.0% | Coimbatore, Tamil Nadu, India | |
| Cad Point Private Limited | ₹48.84 Lakh (FY 2017) | Satara, Maharashtra, India | ||||
| Accudoo Solutions Private Limited | ₹48.84 Lakh (FY 2025) | -10.0% | Vadodara, Gujarat, India | |||
| Zentosys Solutions Private Limited | ₹48.83 Lakh (FY 2025) | 134.0% | Pune, Maharashtra, India | |||
| Oxylym Private Limited | ₹48.82 Lakh (FY 2023) | Panampilly Nagar, Kerala, India |
To see the full peer comparison of Toverto Solutions Private Limited, buy the company report.
Auditor
Toverto Solutions Private Limited is audited by M BALASUBRAMANIAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M BALASUBRAMANIAN | FY 2023 | 021181 |
Shareholding
The shareholding of Toverto Solutions 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 Toverto Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Toverto 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 Toverto Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Toverto Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCT3385G1ZA | Tamil Nadu | Active | 24 Nov 2017 |
To see the full GST registrations and return filing status of Toverto Solutions Private Limited, buy the company report.
Recent activity
Toverto Solutions Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Kandasamy Sathiyamoorthy ceased to be Director on 09 Feb 2019.
Frequently asked questions
Toverto Solutions is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 July 2017 (9+ years old) and is registered under CIN U72100TZ2017PTC033049.
Toverto Solutions has 2 current directors:
- Nallusamy Dhanapal - Director
- Mariappn Tamilselvan - Director
The latest financial statements of Toverto 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 2018 are in the company report.
The GSTIN of Toverto Solutions is 33AAGCT3385G1ZA, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Toverto Solutions is U72100TZ2017PTC033049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Toverto Solutions was incorporated on 12 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Toverto Solutions by revenue are Gyanmatrix Academy Private Limited, Fadel Software Solutions Private Limited, Dotsmart Technologies Private Limited, Abundant AI Private Limited, Cad Point Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Kandasamy Sathiyamoorthy ceased to be Director on 09 Feb 2019. Vinothkumar ceased to be Director on 12 Sep 2018. Nallusamy Dhanapal was appointed as Director on 21 Apr 2018. Toverto Solutions has 4 board changes on record in total.
Toverto Solutions can be reached through the website toverto.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The registered office of Toverto Solutions is at No 1441 Avinashi Main Road Near Indian Bank Chinniampalayam, Coimbatore, Tamil Nadu, India – 641062.
Toverto Solutions operates in the information technology industry, in the IT consulting and support services segment.
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