About Zolve Innovations Private Limited
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Zolve Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Zolve Innovations Inc, Usa. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC142465. Its GSTIN is 29AABCZ6567B1Z2 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shilpa Balkur Udupa and Raghunandan Gangappa.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Campus 31 4th Floor The Retail Street Rmz Ecoworld Rd Adarsh Palm Retreat Bellandur, Bangalore, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.63 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹2.15 Cr (net margin -3.9%) and EBITDA of ₹11.15 Cr (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 119 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zolve. As per MCA filings, the company has open charges of ₹50 Cr on record. The company has 2 deals on record (1 debt financing, 1 secondary share transfer), with disclosed funding of ₹50 Cr; the latest was in November 2023. Its 10 peer companies in the same principal business activity (Other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Jiva Agservices Private Limited with revenue of ₹54.89 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 19 overdue payments to 10 micro and small suppliers.
For more details, the company can be reached via its website zolve.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressCampus 31 4th Floor The Retail Street Rmz Ecoworld Rd Adarsh Palm Retreat Bellandur, Bangalore, Karnataka, India – 560103
- 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
Business Activity of Zolve Innovations Private Limited
The main business activity of Zolve Innovations 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 Zolve Innovations Private Limited FY 2025 filings available
Zolve Innovations Private Limited reported revenue of ₹54.63 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Zolve Innovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 19% growth in the latest year. EBITDA rose 57% 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 Zolve Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹11.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.15 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 Zolve Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Zolve Innovations are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Zolve Innovations Private Limited
Zolve Innovations Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jiva Agservices Private Limited | ₹54.89 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
| Surepass Technologies Private Limited | ₹54.85 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Delhi, India |
| Korcomptenz Consultancy Private Limited | ₹54.81 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Chennai, Tamil Nadu, India |
| Agile Ventures Private Limited | ₹54.68 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Weblink .in Private Limited | ₹54.67 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Zolve Innovations Private Limited this company | ₹54.63 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Vishvin Technologies Private Limited | ₹54.62 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Bangalore, Karnataka, India |
| Koo Koo TV Entertainment Private Limited | ₹54.61 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Mumbai, Maharashtra, India |
| Teltonika India Private Limited | ₹54.58 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Sandhata Technologies Private Limited | ₹54.56 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Hyderabad, Telangana, India |
| Tribal Fusion R&D Private Limited | ₹54.34 Cr (FY 2017) | •••• | •••• | 5.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Zolve Innovations by revenue in the same principal business activity (Other information & communication service activities), 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 Zolve Innovations Private Limited
Zolve Innovations Private Limited is audited by KNAV & CO. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KNAV & CO. LLP | 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.
Board of Directors of Zolve Innovations Private Limited
Zolve Innovations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shilpa Balkur Udupa Also directs: Rishira Infolabs Private Limited | Director | 22 Dec 2020 | 5 Years 9 Months | Current |
| Raghunandan Gangappa Also directs: 63Ideas Infolabs Private Limited, Rishira Infolabs Private Limited | Director | 22 Dec 2020 | 5 Years 9 Months | Current |
Ownership and Shareholding of Zolve Innovations 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 Zolve Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 2023 | Others | ₹50 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Zolve Innovations Private Limited
Zolve Innovations Private Limited has 2 deals on record (1 debt financing, 1 secondary share transfer), with disclosed funding of ₹50 Cr; the latest was in November 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Debt financing | ₹50 Cr | Investors: Trifecta Capital |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: Zolve Innovations Inc. Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Zolve Innovations Private Limited
Zolve Innovations Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 19 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bitonic Technology Labs Private Limited | •••• | •••• | •••• |
| Dview Technologies Private Limited | •••• | •••• | •••• |
| Sprinto Technology Private Limited | •••• | •••• | •••• |
| A to Z Media | •••• | •••• | •••• |
| Complinity Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Zolve Innovations Private Limited
Zolve Innovations Private Limited has a workforce of 119 employees as of Apr 04, 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 Zolve Innovations Private Limited
Zolve Innovations Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Raghunandan Gangappa was appointed as Director on 22 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Zolve Innovations 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.
Subsidiaries & Group Companies of Zolve Innovations 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 Zolve Innovations Private Limited
Zolve Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCZ6567B1Z2 | Karnataka | Active | 03 Feb 2021 |
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 Zolve Innovations 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 Zolve Innovations Private Limited
Zolve Innovations 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 22 December 2020 (6+ years old) and is registered under CIN U72900KA2020PTC142465.
Zolve Innovations reported revenue of ₹54.63 Cr for FY 2025 (up 19% YoY).
Zolve Innovations has 2 current directors:
- Shilpa Balkur Udupa - Director
- Raghunandan Gangappa - Director
Zolve Innovations reported a net loss of ₹2.15 Cr (net margin -3.9%) and EBITDA of ₹11.15 Cr (EBITDA margin 20.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Zolve Innovations is 2% over three years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Zolve Innovations is 29AABCZ6567B1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Zolve Innovations is U72900KA2020PTC142465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zolve Innovations was incorporated on 22 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Zolve Innovations has 2 deals on record (1 debt financing, 1 secondary share transfer), with disclosed funding of ₹50 Cr; the latest was in November 2023.
The peers of Zolve Innovations by revenue are Jiva Agservices Private Limited, Surepass Technologies Private Limited, Korcomptenz Consultancy Private Limited, Agile Ventures Private Limited, Weblink .in Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Raghunandan Gangappa was appointed as Director on 22 Dec 2020. Shilpa Balkur Udupa was appointed as Director on 22 Dec 2020.
Zolve Innovations has 2 MSME Form 1 returns on record between 2022 and 2023, listing 19 overdue payments to 10 micro and small suppliers. The latest return was filed on 28 Sep 2023.