MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-KL-12-0000454
Starone IT Solutions (India) Private Limited - information technology in Thiruvananthapuram, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹209.73 Cr
▲ 67% YoY
Net profit · FY 2025
₹9.22 Cr
Net margin 4.4%
EBITDA · FY 2025
₹13.23 Cr
EBITDA margin 6.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹8.5 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
38
Provident fund records
About Starone IT Solutions (India) Private Limited
Data last updated:
Starone IT Solutions (India) Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2009PTC025057. Its GSTIN is 32AANCS7498C1Z0 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including George Joshua (Managing Director) and George Mathew.
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 Tc 23/3125(2) Starone It Building Vellayambalam, Thiruvananthapuram, Kerala, India – 695010.
As per the financials filed for FY 2025, the company reported a revenue of ₹209.73 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹9.22 Cr (net margin 4.4%) and EBITDA of ₹13.23 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 33% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: StarOne IT. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹8.5 Cr on record.
Starone IT Solutions (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-12-0000454). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website staroneit.com.
Company details
CIN U72900KL2009PTC025057
Registration Number 025057
Incorporation Date 20 November 2009
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-12-0000454
Recognitions & Rankings of Starone IT Solutions (India)
Contact details
Starone IT Solutions (India) Private Limited's registered office is in Thiruvananthapuram, Kerala. Its website is staroneit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTc 23/3125(2) Starone It Building Vellayambalam, Thiruvananthapuram, Kerala, India – 695010
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Starone IT Solutions (India) Private Limited, buy the company report.
Comprehensive company report
Starone IT Solutions (India) Private Limited - one report that includes everything
- 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
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Brands
Starone IT Solutions (India) operates one associated brand: StarOne IT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT infrastructure management, cloud solutions, and cyber security for businesses. | staroneit.com |
Business activity
The main business activity of Starone IT Solutions (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Starone IT Solutions (India) Private Limited, buy the company report.
Financials of Starone IT Solutions (India) Private Limited
FY 2024 filings availableStarone IT Solutions (India) Private Limited reported revenue of ₹209.73 Cr (up 67% YoY) for FY 2025.
Revenue · FY 2025
₹209.73 Cr ▲ 67%
Net profit · FY 2025
₹9.22 Cr margin 4.4%
EBITDA · FY 2025
₹13.23 Cr margin 6.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 67%
3 years · compounded
▲ 59%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 162%
3 years · compounded
▲ 49%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 67% growth in the latest year. EBITDA rose 162% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹13.23 Cr | ||||
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| Net Profit (PAT) | ₹9.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Starone IT Solutions (India) Private Limited, buy the company report.
Board of directors of Starone IT Solutions (India) Private Limited
Starone IT Solutions (India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Mathew | Director | 20 Nov 2009 | 16 Years 11 Months | Current |
| Mary Markose | Director | 20 Nov 2009 | 16 Years 11 Months | Current |
| George Joshua | Managing Director | 20 Nov 2009 | 16 Years 11 Months | Current |
Peer comparison
Starone IT Solutions (India) Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nipun Net Solutions Private Limited | ₹216.75 Cr (FY 2024) | 46.0% | Hyderabad, Telangana, India | |||
| Compunnel Technology India Private Limited | ₹213.59 Cr (FY 2024) | 10.0% | Delhi, India | |||
| Espire Infolabs Private Limited | ₹211.53 Cr (FY 2023) | 44.0% | New Delhi, Delhi, India | |||
| Starone IT Solutions (India) Private Limitedthis company | ₹209.73 Cr (FY 2025) | ₹9.22 Cr | 4.4% | 67.0% | 38 | Thiruvananthapuram, Kerala, India |
| Metricstream Infotech (India) Private Limited | ₹209.09 Cr (FY 2024) | -14.0% | Bangalore, Karnataka, India | |||
| Guru Gowri Krupa Technologies Private Limited | ₹206.2 Cr (FY 2024) | -8.0% | Kanchipuram, Tamil Nadu, India |
To see the full peer comparison of Starone IT Solutions (India) Private Limited, buy the company report.
Auditor
Starone IT Solutions (India) Private Limited is audited by Sridhar & Co., Chartered Accountants for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sridhar & Co., Chartered Accountants | FY 2024 | 003978S |
Shareholding
The shareholding of Starone IT Solutions (India) Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Starone IT Solutions (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
₹8.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2024 | 100974940 | Hdfc Bank Limited | ₹33 Cr | Open | |
| 20 Dec 2023 | 100848060 | Others | ₹2 Cr | Open | |
| 25 Sep 2019 | 100301241 | Axis Bank Limited | ₹15 Cr | Open | |
| 24 Mar 2017 | 100099572 | Hdfc Bank Limited | ₹8.5 Cr | Satisfied |
To see the full charge records of Starone IT Solutions (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Starone IT Solutions (India) 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 Starone IT Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Starone IT Solutions (India) Private Limited has a workforce of 38 employees on its EPFO records as of Nov 21, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
15.15%
GST
Starone IT Solutions (India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AANCS7498C1Z0 | Kerala | Active | 01 Jul 2017 |
| 29AANCS7498C1ZN | Karnataka | Active | 30 Jul 2024 |
To see the full GST registrations and return filing status of Starone IT Solutions (India) Private Limited, buy the company report.
Recent activity
Starone IT Solutions (India) Private Limited has 3 board changes on record since 2009: 3 appointments. The latest: George Joshua was appointed as Managing Director on 20 Nov 2009.
Charges
A charge with Hdfc Bank Limited of Rs. 3,300.00 Lakh registered on 14 Aug 2024 with Charge ID 100974940 was modified on 26 Dec 2024.
AGM
Starone It Solutions (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3,300.00 Lakh with Charge ID 100974940 was registered on 14 Aug 2024.
Filing
Starone It Solutions (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 100848060 was registered on 20 Dec 2023.
Charges
A charge with Axis Bank Limited of Rs. 1,500.00 Lakh registered on 25 Sep 2019 with Charge ID 100301241 was modified on 09 Oct 2023.
Charges
A charge registered on 24 Mar 2017 via Charge ID 100099572 with Hdfc Bank Limited was fully satisfied on 25 Jun 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,500.00 Lakh with Charge ID 100301241 was registered on 25 Sep 2019.
Charges
A charge with Hdfc Bank Limited of Rs. 850.00 Lakh registered on 24 Mar 2017 with Charge ID 100099572 was modified on 03 Nov 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 850.00 Lakh with Charge ID 100099572 was registered on 24 Mar 2017.
Appointed
George Joshua was appointed as Managing Director.
Appointed
George Mathew was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Starone IT Solutions (India) is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 November 2009 (17+ years old) and is registered under CIN U72900KL2009PTC025057.
Starone IT Solutions (India) has 3 current directors:
- George Joshua - Managing Director
- George Mathew - Director
- Mary Markose - Director
The latest financial statements of Starone IT Solutions (India) 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 2015 are in the company report.
The GSTIN of Starone IT Solutions (India) is 32AANCS7498C1Z0, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AANCS7498C1ZN (Karnataka).
The CIN (Corporate Identification Number) of Starone IT Solutions (India) is U72900KL2009PTC025057. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starone IT Solutions (India) was incorporated on 20 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Starone IT Solutions (India) by revenue are Nipun Net Solutions Private Limited, Compunnel Technology India Private Limited, Espire Infolabs Private Limited, Metricstream Infotech (India) Private Limited, Guru Gowri Krupa Technologies Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
George Joshua was appointed as Managing Director on 20 Nov 2009. George Mathew was appointed as Director on 20 Nov 2009. Mary Markose was appointed as Director on 20 Nov 2009.
Yes, Starone IT Solutions (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-12-0000454).
Starone IT Solutions (India) can be reached through the website staroneit.com. Its registered office is in Thiruvananthapuram, Kerala, India.
The registered office of Starone IT Solutions (India) is at Tc 2331252 Starone It Building Vellayambalam, Thiruvananthapuram, Kerala, India – 695010.