About Verve Mobile Private Limited
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Verve Mobile Private Limited is a private limited company based in Secunderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2015PTC100776. Its GSTIN is 36AAFCV2518L1Z3 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ravi Mittal (Whole-Time Director) and Sahana Mittal (Whole-Time Director).
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 Secunderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.33 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹9.77 Cr (net margin 28.5%) and EBITDA of ₹13.48 Cr (EBITDA margin 39.3%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 39% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Verve Mobile. As per MCA filings, the company has satisfied charges of ₹11.47 Lakh on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vervemobi.com.
Company details
Contact details
Verve Mobile Private Limited's registered office is in Secunderabad, Telangana. Its website is vervemobi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Plot No.35 Paigah Colony, Begumpet Hyderabad, Secunderabad, Telangana, India – 500003
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Verve Mobile 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
Verve Mobile operates one associated brand: Verve Mobile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative dating apps and digital solutions for consumer connections. | vervemobi.com |
Business activity
The main business activity of Verve Mobile is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Verve Mobile Private Limited, buy the company report.
Financials of Verve Mobile Private Limited
FY 2024 filings availableVerve Mobile Private Limited reported revenue of ₹34.33 Cr (up 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 30% growth in the latest year. EBITDA fell 1% 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 | ₹13.48 Cr | ||||
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| Net Profit (PAT) | ₹9.77 Cr | ||||
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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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| EBITDA Margin | 39.3% | ||||
| Net Profit Margin | 28.5% | ||||
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To see the full financial statements and ratios of Verve Mobile Private Limited, buy the company report.
Board of directors of Verve Mobile Private Limited
Verve Mobile has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pittu Krishna Chaitanya | Director | 28 Jul 2023 | 3 Years 2 Months | Current |
| Ravi Mittal | Whole-Time Director | 16 Sep 2015 | 11 Years 1 Months | Current |
| Sahana Mittal | Whole-Time Director | 16 Sep 2015 | 11 Years 1 Months | Current |
Auditor
Verve Mobile Private Limited is audited by Ravi Ladia & co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ravi Ladia & co | FY 2023 | 014255S |
Shareholding
The shareholding of Verve Mobile 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 Verve Mobile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2019 | 100257948 | Canara Bank | ₹11.47 Lakh | Satisfied |
To see the full charge records of Verve Mobile Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Verve Mobile Private Limited has 14 court cases on record: 11 filed by Verve Mobile, 3 filed against it. 3 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 2 | 1 |
| Supreme Court | 2 | 1 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed by the company against Kotak Mahindra Bank Limited and 1 other | Pending |
| Supreme Court | Court case (1009-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters filed against the orders of MRTP Commission /Competition Commission.) | Filed by the company against Google India Private Limited Through Its Managing Director No 3 RMZ Infinity Tower E Old Madras Road 4Th and 5Th Floors Bangalore Karnataka- 560016 , District: Bangalore ,Bangalore , Karnataka and 6 others | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Google India Pvt Limited and Another and 1 other | Disposed |
| High Court, TAMIL NADU | Court case (CROS.OBJ) | Filed against the company by Google India Pvt Ltd. and 2 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Google India Pvt. Ltd., Rep.By Its Managind Director, and 6 others | Disposed |
To see the full case history of Verve Mobile 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 Verve Mobile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Verve Mobile Private Limited has a workforce of 28 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Verve Mobile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCV2518L1Z3 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Verve Mobile Private Limited, buy the company report.
Recent activity
Verve Mobile Private Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Pittu Krishna Chaitanya ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Verve Mobile is an active private limited company based in Secunderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 16 September 2015 (11+ years old) and is registered under CIN U74900TG2015PTC100776.
Verve Mobile has 3 current directors:
- Ravi Mittal - Whole-Time Director
- Sahana Mittal - Whole-Time Director
- Pittu Krishna Chaitanya - Director
The latest financial statements of Verve Mobile 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 2016 are in the company report.
The GSTIN of Verve Mobile is 36AAFCV2518L1Z3, registered in Telangana.
The CIN (Corporate Identification Number) of Verve Mobile is U74900TG2015PTC100776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verve Mobile has 14 court cases on record: 11 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Verve Mobile was incorporated on 16 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pittu Krishna Chaitanya ceased to be Additional Director on 29 Sep 2023. Pittu Krishna Chaitanya was appointed as Director on 28 Jul 2023. Ravi Mittal ceased to be Director on 16 Apr 2019. Verve Mobile has 6 board changes on record in total.
Verve Mobile can be reached through the website vervemobi.com. Its registered office is in Secunderabad, Telangana, India.
The registered office of Verve Mobile is at 2nd Floor Plot No.35 Paigah Colony, Begumpet Hyderabad, Secunderabad, Telangana, India – 500003.