MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-08-0004916
Ul Technology Solutions Private Limited - information technology in Kozhikode, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹40.95 Cr
▲ 28% YoY
Net loss · FY 2024
₹14.96 Cr
Net margin -36.5%
EBITDA · FY 2024
-₹11.47 Cr
EBITDA margin -28%
Authorised capital
₹71 Cr
Registered with MCA
Paid-up capital
₹70.84 Cr
Issued & subscribed
Open charges
₹23.5 Cr
Satisfied ₹18.5 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
408
Provident fund records
About Ul Technology Solutions Private Limited
Data last updated:
Ul Technology Solutions Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2011PTC029940. Its GSTIN is 32AABCU4032A1Z6 (Kerala). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹71 Cr and a paid-up capital of ₹70.84 Cr. It is led by directors Remeshan Palery (Managing Director) and Shaju Srankeentavida.
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 3rd Floor Quickspace Building Ulcyberpark Nellikode, Kozhikode, Kerala, India – 673016.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.95 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net loss of ₹14.96 Cr (net margin -36.5%) and EBITDA of -₹11.47 Cr (EBITDA margin -28%). Revenue has grown at a compounded annual rate (CAGR) of 24% over five years.
The company has about 408 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Ults Global and ULTS. As per MCA filings, the company has open charges of ₹23.5 Cr and satisfied charges of ₹18.5 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 1 case is pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹2.41 Cr; the latest was in March 2022. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Mindarray Systems Limited with revenue of ₹41 Cr.
Ul Technology Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-08-0004916). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ults.in.
Company details
CIN U72900KL2011PTC029940
Registration Number 029940
Incorporation Date 30 November 2011
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-08-0004916
Recognitions & Rankings of Ul Technology Solutions
Contact details
Ul Technology Solutions Private Limited's registered office is in Kozhikode, Kerala. Its website is ults.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address3rd Floor Quickspace Building Ulcyberpark Nellikode, Kozhikode, Kerala, India – 673016
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ul Technology Solutions Private Limited, buy the company report.
Comprehensive company report
Ul Technology 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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Secure checkout · GST invoice included
Brands
Ul Technology Solutions operates two associated brands: Ults Global and ULTS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive software development, cybersecurity, and other IT services. | ultsglobal.com | |
| Potato farming, grain marketing, and equipment services in Maine. | ults.in |
Business activity
The main business activity of Ul Technology 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 Ul Technology Solutions Private Limited, buy the company report.
Financials of Ul Technology Solutions Private Limited
FY 2025 filings availableUl Technology Solutions Private Limited reported revenue of ₹40.95 Cr (up 28% YoY) for FY 2024.
Revenue · FY 2024
₹40.95 Cr ▲ 28%
Net loss · FY 2024
₹14.96 Cr margin -36.5%
EBITDA · FY 2024
-₹11.47 Cr margin -28%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
5 years · compounded
▲ 24%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 19%
5 years · compounded
▼ 86%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 28% growth in the latest year. EBITDA fell 30% 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 | -₹11.47 Cr | ||||
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| Net Profit (PAT) | -₹14.96 Cr | ||||
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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 | -28% | ||||
| Net Profit Margin | -36.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ul Technology Solutions Private Limited, buy the company report.
Board of directors of Ul Technology Solutions Private Limited
Ul Technology Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Remeshan Palery Also directs: Kayyar Plantations Private Limited, Kayyar Aggregates Private Limited, Cherupara Bricks and Metals Pvt Ltd and 5 more | Managing Director | 30 Nov 2011 | 14 Years 10 Months | Current |
| Shaju Srankeentavida Also directs: Ulccs IT Infrastructure Private Limited, Ulccs Srit Private Limited, Ulccs Housing Private Limited and 1 more | Director | 30 Nov 2011 | 14 Years 10 Months | Current |
Peer comparison
Ul Technology 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 |
|---|---|---|---|---|---|---|
| Mindarray Systems Limited | ₹41 Cr (FY 2024) | 58.0% | Ahmedabad, Gujarat, India | |||
| Infonox Software Private Limited | ₹40.98 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Promantus India Private Limited | ₹40.98 Cr (FY 2024) | 36.0% | Gurgaon, Haryana, India | |||
| Wrap2earn Technologies Private Limited | ₹40.97 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Bluecore Software Private Limited | ₹40.96 Cr (FY 2025) | -7.0% | Noida, Uttar Pradesh, India | |||
| Ul Technology Solutions Private Limitedthis company | ₹40.95 Cr (FY 2024) | -₹14.96 Cr | -36.5% | 28.0% | 408 | Kozhikode, Kerala, India |
| Intone Networks (India) Private Limited | ₹40.95 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India | |||
| Cyberswift Infotech Private Limited | ₹40.94 Cr (FY 2024) | 29.0% | Kolkata, West Bengal, India | |||
| Launch IT Consulting India Private Limited | ₹40.89 Cr (FY 2025) | 27.0% | Hyderabad, Telangana, India | |||
| Spurtree Technologies Private Limited | ₹40.87 Cr (FY 2025) | 30.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ul Technology Solutions Private Limited, buy the company report.
Auditor
Ul Technology Solutions Private Limited is audited by K K THAMPAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K THAMPAN & CO | FY 2023 | 050006S |
Shareholding
The shareholding of Ul Technology Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ul Technology Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.5 Cr
Satisfied charges
₹18.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2023 | 100726916 | State Bank of India | ₹3.5 Cr | Open | |
| 28 Oct 2020 | 100394378 | Others | ₹20 Cr | Open | |
| 25 Mar 2019 | 100254275 | Others | ₹3.5 Cr | Satisfied | |
| 09 Aug 2016 | 100048202 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Ul Technology Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Ul Technology Solutions Private Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹2.41 Cr; the latest was in March 2022.
Total deals
4
Rights issues
3
Funding round
1
Disclosed funding
₹2.41 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹40 Cr | Investors: Uralungal Labour Contract Co-operative Society Limited |
| Mar 2020 | Rights issue | ₹5 Cr | Investors: Uralungal Labour Contract Co-operative Society Limited |
| Mar 2015 | Rights issue | ₹2.57 Cr | Investors: Uralungal Labour Contract Co-operative Society Limited |
| Mar 2013 | Funding round | ₹2.41 Cr | Investors: Uralungal Labour Contract Co-operative Society Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ul Technology Solutions Private Limited has 5 court cases on record: 1 filed by Ul Technology Solutions, 4 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Court case (CMA(Arb)) | Filed against the company by SBL Knowledge Services Pvt.Ltd. | Disposed |
| District court, Ernakulam, Kerala | Court case (CMApplication(Arb)) | Filed against the company by SBL Knowledge Services Ltd. | Disposed |
| District court, Thiruvananthapuram, Kerala | Court case (EP(Arb)) | Filed against the company by M/S Global Soft, Archana, Udayagiri, Chembazhanthy, Block 9, Thiruvananthapuram Represented by Mr. U.N Surendran Properietor Cum Director | Pending |
| District court, Ernakulam, Kerala | Arbitration matter | Filed by the company against SBL Knowledge Service Private Limited | Disposed |
| High Court | Writ petition | Filed against the company by Maha India Automotive Testing Equipments Pvt.Ltd. | Disposed |
To see the full case history of Ul Technology Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ul Technology Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ul Technology Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ulccs Srit Private Limited | U72500KL2016PTC045475 |
To see the full group structure of Ul Technology Solutions Private Limited, buy the company report.
Employees & EPFO
Ul Technology Solutions Private Limited has a workforce of 408 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
408
Active EPFO establishments
1
Employee growth
16.24%
GST
Ul Technology Solutions has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCU4032A1Z6 | Kerala | Active | 01 Jul 2017 |
| 32AABCU4032A2Z5 | Kerala | Active | 10 Jan 2020 |
| 29AABCU4032A1ZT | Karnataka | Active | 01 Jan 2020 |
| 07AABCU4032A1ZZ | Delhi | Active | 14 Mar 2022 |
To see the full GST registrations and return filing status of Ul Technology Solutions Private Limited, buy the company report.
Recent activity
Ul Technology Solutions Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Remeshan Palery was appointed as Managing Director on 30 Nov 2011.
AGM
Ul Technology Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ul Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with State Bank Of India amounted to Rs. 3.50 Cr with Charge ID 100726916 was registered on 10 May 2023.
Charges
A charge registered on 25 Mar 2019 via Charge ID 100254275 with Others was fully satisfied on 07 Jul 2021.
Charges
A charge with Others of Rs. 20.00 Cr registered on 28 Oct 2020 with Charge ID 100394378 was modified on 30 Jun 2021.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100394378 was registered on 28 Oct 2020.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100254275 was registered on 25 Mar 2019.
Charges
A charge registered on 09 Aug 2016 via Charge ID 100048202 with Others was fully satisfied on 18 Apr 2017.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100048202 was registered on 09 Aug 2016.
Appointed
Remeshan Palery was appointed as Managing Director.
Appointed
Shaju Srankeentavida was appointed as Director.
Incorporation
30 Nov 2011
Ul Technology Solutions Private Limited was registered on 30 Nov 2011 with Roc Ernakulam & aged 14 years 10 months as per MCA records.
Frequently asked questions
Ul Technology Solutions is an active private limited company based in Kozhikode, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 November 2011 (15+ years old) and is registered under CIN U72900KL2011PTC029940.
Ul Technology Solutions has 2 current directors:
- Remeshan Palery - Managing Director
- Shaju Srankeentavida - Director
The latest financial statements of Ul Technology Solutions 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 Ul Technology Solutions is 32AABCU4032A1Z6, registered in Kerala. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 32AABCU4032A2Z5 (Kerala), 29AABCU4032A1ZT (Karnataka), 07AABCU4032A1ZZ (Delhi).
The CIN (Corporate Identification Number) of Ul Technology Solutions is U72900KL2011PTC029940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ul Technology Solutions has 5 court cases on record: 1 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Ul Technology Solutions was incorporated on 30 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
Ul Technology Solutions has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹2.41 Cr; the latest was in March 2022.
The peers of Ul Technology Solutions by revenue are Mindarray Systems Limited, Infonox Software Private Limited, Promantus India Private Limited, Wrap2earn Technologies Private Limited, Bluecore Software Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Remeshan Palery was appointed as Managing Director on 30 Nov 2011. Shaju Srankeentavida was appointed as Director on 30 Nov 2011.
Yes, Ul Technology Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KL-08-0004916).