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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor Plot No.35 Paigah Colony, Begumpet Hyderabad, Secunderabad, Telangana, India – 500003
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Verve Mobile Private Limited
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 of Verve Mobile Private Limited
The main business activity of Verve Mobile is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Verve Mobile Private Limited FY 2024 filings available
Verve Mobile Private Limited reported revenue of ₹34.33 Cr (up 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Verve Mobile Private Limited
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 of Verve Mobile Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.77 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Verve Mobile Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 28.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Verve Mobile are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 |
Peer Comparison of Verve Mobile Private Limited
Verve Mobile Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Mobile). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| HT Mobile Solutions Limited | ₹42.86 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| BNG Advanced Mobile Solutions Private Limited | ₹42.12 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Chennai, Tamil Nadu, India |
| Nautilus Mobile App Private Limited | ₹39.11 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Arti Mobile Trading Private Limited | ₹38.31 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Bhavnagar, Gujarat, India |
| Shilpi Mobile and Electronics Private Limited | ₹34.73 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Verve Mobile Private Limited this company | ₹34.33 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Secunderabad, Telangana, India |
| Nomisma Mobile Solutions Private Limited | ₹32.69 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Kolkata, West Bengal, India |
| Mobile Media Private Limited | ₹32.58 Cr (FY 2025) | •••• | •••• | 1123.0% | •••• | Mumbai, Maharashtra, India |
| Mobile One Studio Private Limited | ₹32.55 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Chennai, Tamil Nadu, India |
| Syniverse Mobile Solutions Private Limited | ₹31.29 Cr (FY 2017) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Blazers Mobile Service Private Limited | ₹25.76 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Bhubaneswar, Odisha, India |
Peers are the five companies nearest above and the five nearest below Verve Mobile by revenue in the Ecommerce and Internet industry (Mobile), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Verve Mobile Private Limited
Verve Mobile Private Limited is audited by Ravi Ladia & co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ravi Ladia & co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Verve Mobile Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Verve Mobile Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2019 | Canara Bank | ₹11.47 Lakh | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Verve Mobile Private Limited
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 |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Verve Mobile Private Limited
Verve Mobile Private Limited has a workforce of 28 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Verve Mobile Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Verve Mobile Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Verve Mobile Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Verve Mobile Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Verve Mobile Private Limited
Verve Mobile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCV2518L1Z3 | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Verve Mobile Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Verve Mobile Private Limited
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 reported revenue of ₹34.33 Cr for FY 2024 (up 30% YoY).
Verve Mobile has 3 current directors:
- Ravi Mittal - Whole-Time Director
- Sahana Mittal - Whole-Time Director
- Pittu Krishna Chaitanya - Director
Verve Mobile reported a net profit of ₹9.77 Cr (net margin 28.5%) and EBITDA of ₹13.48 Cr (EBITDA margin 39.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Verve Mobile is 47% over three years and 39% over five years. In the latest year (FY 2024) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Verve Mobile by revenue are HT Mobile Solutions Limited, BNG Advanced Mobile Solutions Private Limited, Nautilus Mobile App Private Limited, Arti Mobile Trading Private Limited, Shilpi Mobile and Electronics Private Limited and 5 more, all in the Ecommerce and Internet industry (Mobile).
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.