About Zolute Internet Solutions Private Limited
Data last updated:
Zolute Internet Solutions Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 15 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72200MP2011PTC025790.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hussain Jawad Wala and Ummekulsum Jawadwala.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 84 Kailasah Park Colony Near Geeta Bhawan, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.29 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹11,263 (net margin -4.9%) and EBITDA of -₹7,942 (EBITDA margin -3.5%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zolute.com.
Company details
Contact details
Zolute Internet Solutions Private Limited's registered office is in Indore, Madhya Pradesh. Its website is zolute.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address84 Kailasah Park Colony Near Geeta Bhawan, Indore, Madhya Pradesh, India – 452001
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
To see the full contact details of Zolute Internet 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
Business activity
The main business activity of Zolute Internet Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Zolute Internet Solutions Private Limited, buy the company report.
Financials of Zolute Internet Solutions Private Limited
FY 2023 filings availableZolute Internet Solutions Private Limited reported revenue of ₹2.29 Lakh (up 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 27%. EBITDA rose 93% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹7,942 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11,263 | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -4.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Zolute Internet Solutions Private Limited, buy the company report.
Board of directors of Zolute Internet Solutions Private Limited
Zolute Internet Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hussain Jawad Wala Also directs: Zolute Technology and Consulting Private Limited | Director | 15 Apr 2011 | 15 Years 6 Months | Current |
| Ummekulsum Jawadwala | Director | 22 Aug 2016 | 10 Years 2 Months | Current |
Auditor
Zolute Internet Solutions Private Limited is audited by BASANT JAIN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASANT JAIN & CO | FY 2020 | 005128C |
Shareholding
The shareholding of Zolute Internet Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Zolute Internet Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Zolute Internet 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 Zolute Internet Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Zolute Internet Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Zolute Internet Solutions Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Hussain Tejabwala ceased to be Director on 22 Aug 2016.
Frequently asked questions
Zolute Internet Solutions is an active private limited company based in Indore, Madhya Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 15 April 2011 (15+ years old) and is registered under CIN U72200MP2011PTC025790.
Zolute Internet Solutions has 2 current directors:
- Hussain Jawad Wala - Director
- Ummekulsum Jawadwala - Director
The latest financial statements of Zolute Internet Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Zolute Internet Solutions is U72200MP2011PTC025790. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zolute Internet Solutions was incorporated on 15 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Gwalior.
Hussain Tejabwala ceased to be Director on 22 Aug 2016. Ummekulsum Jawadwala was appointed as Director on 22 Aug 2016. Mustafa Jaliwala ceased to be Director on 21 Oct 2011. Zolute Internet Solutions has 5 board changes on record in total.
Zolute Internet Solutions can be reached through the website zolute.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Zolute Internet Solutions is at 84 Kailasah Park Colony Near Geeta Bhawan, Indore, Madhya Pradesh, India – 452001.
Zolute Internet Solutions operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Zolute Internet Solutions is compliant as of 14 July 2026. The company is actively filing with the Registrar of Companies.