About Zolipe Solutions Private Limited
Data last updated:
Zolipe Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC038491. Its GSTIN is 29AAACZ2527N1ZU (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Karthik Thekkatte Phaniraj Hebbar (Managing Director) and Hangloor Srinivasa Raghavendra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Brigade Software Park, Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.12 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹35.62 Lakh (net margin -31.8%) and EBITDA of -₹25.64 Lakh (EBITDA margin -22.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zolipe. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zolipe.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBrigade Software Park No. 42 Tower A 5th Floor 27th Cross Banashankari II S, Tage, Bangalore, Karnataka, India – 560070
- 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
Zolipe Solutions operates one associated brand: Zolipe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides application development, data analytics, and digital marketing services to businesses. | zolipe.com |
Business Activity
The main business activity of Zolipe Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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
Financials of Zolipe Solutions Private Limited
FY 2019 filings availableZolipe Solutions Private Limited reported revenue of ₹1.12 Cr (down 24% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 113% 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 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| 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 | -₹25.64 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹35.62 Lakh | |
| 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
| Metrics | FY 2018-19 | FY 2014-15 to FY 2017-18in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -22.9% | |
| Net Profit Margin | -31.8% | |
| 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, and every line for FY 2014-15 to FY 2017-18, 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 Zolipe Solutions are in the company report.
: available in the company report
Board of Directors of Zolipe Solutions Private Limited
Zolipe Solutions has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthik Thekkatte Phaniraj Hebbar Also directs: Vimproov Software LLP | Managing Director | 28 Apr 2011 | 15 Years 5 Months | Current |
| Hangloor Srinivasa Raghavendra Also directs: Vimproov Software LLP | Whole-Time Director | 15 Feb 2006 | 20 Years 8 Months | Current |
Auditor Details
Zolipe Solutions Private Limited is audited by N N R & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N N R & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Zolipe Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Zolipe Solutions Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. HDFC Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. HDFC Bank Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Aditya Birla Finance Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by I Vista Digital Solutions Pvt Ltd | Disposed |
: available in 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.
Employees and EPFO Compliance
Zolipe Solutions Private Limited has a workforce of 6 employees as of Apr 09, 2024.
: available in the company report
Recent Activity
Zolipe Solutions Private Limited has 8 board changes on record since 2006: 2 appointments and 6 cessations. The latest: Hangloor Srinivasa Raghavendra ceased to be Director on 01 Jan 2014.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Zolipe Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACZ2527N1ZU | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Zolipe Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 February 2006 (20+ years old) and is registered under CIN U72200KA2006PTC038491.
Zolipe Solutions has 2 current directors:
- Karthik Thekkatte Phaniraj Hebbar - Managing Director
- Hangloor Srinivasa Raghavendra - Whole-Time Director
The latest financial statements of Zolipe Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Zolipe Solutions is 29AAACZ2527N1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Zolipe Solutions is U72200KA2006PTC038491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zolipe Solutions has 4 court cases on record: 4 filed against it.
Zolipe Solutions was incorporated on 15 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Hangloor Srinivasa Raghavendra ceased to be Director on 01 Jan 2014. Karthik Thekkatte Phaniraj Hebbar ceased to be Director on 01 Jan 2014. Prashanth Vasanth ceased to be Director on 30 May 2011. Zolipe Solutions has 8 board changes on record in total.
Zolipe Solutions can be reached through the website zolipe.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Zolipe Solutions is at Brigade Software Park No. 42 Tower A 5th Floor 27th Cross Banashankari II S, Tage, Bangalore, Karnataka, India – 560070.