Choice Solutions Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 6.83 Cr
- Company Age 33 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.75 Cr
- Satisfied Charges ₹ 4.95 Cr
- Revenue Growth 16.32%
- Profit Growth 103.49%
- Ebitda 121.34%
- Net Worth 0.40%
- Total Assets -4.86%
About Choice Solutions
Choice Solutions Limited (CSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 October 1991 and has a history of 33 years and four months. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Choice Solutions Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 6.83 Cr.
The company currently has active open charges totaling ₹5.75 Cr. The company has closed loans amounting to ₹4.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kallakurchi Jagannath, Ravi Devulapalli, Chand Narayan, and Two other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U19202TG1991PLC013365
- Company No.
013365
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Oct 1991
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Information Technology
What products or services does Choice Solutions Limited offer?
Choice Solutions Limited offers a wide range of products and services, including Street Lights, Solar Street Lights, Turnkey Consultants & Solutions, Turnkey Solutions, Environment Protection & Auditing, Environmental Consultants, Puzzles, Board & Educational Games, STEM Toy and Game, Solar Lamps, Solar Lantern.
Who are the key members and board of directors at Choice Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kallakurchi Jagannath  | Managing Director | 01-Apr-2000 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravi Devulapalli | Director | 08-Jan-1999 | Current |
| Chand Narayan | Director | 26-Aug-2010 | Current |
| Tandava Satuluri | Director | 02-Dec-2019 | Current |
Kallakurchi Venkoba  | Director | 03-Feb-2020 | Current |
Financial Performance of Choice Solutions.
Choice Solutions Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.32% increase. The company also saw a substantial improvement in profitability, with a 103.49% increase in profit. The company's net worth moved up by a moderate rise of 0.4%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Choice Solutions?
In 2023, Choice Solutions had a promoter holding of 90.93% and a public holding of 9.07%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Eco Power Private LimitedKallakurchi Jagannath and Chand Narayan are mutual person
Sana Skillpromise Education Private LimitedChand Narayan is a mutual person
Sirena Technologies Private LimitedRavi Devulapalli and Kallakurchi Venkoba are mutual person
Bevgo Ventures Private LimitedKallakurchi Jagannath is a mutual person
- Onn Hum Consulting Private Limited
Chand Narayan is a mutual person
- Encompassion Foundation
Chand Narayan is a mutual person
Charges (Loans)
Open Charges
₹5.75 Cr
Satisfied Charges
₹4.95 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 5.75 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Oct 2006 | State Bank Of India | ₹5.75 Cr | Open |
| 07 Sep 2001 | State Bank Of Mysore | ₹2.25 Cr | Satisfied |
| 10 May 2001 | State Bank Of Mysore | ₹1.15 Cr | Satisfied |
| 29 Jan 2001 | State Bank Of Mysore | ₹8.50 M | Satisfied |
| 19 Feb 2000 | State Bank Of Mysore | ₹5.50 M | Satisfied |
How Many Employees Work at Choice Solutions?
Choice Solutions has a workforce of 256 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Choice Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Choice Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Choice Solutions
Recent activity within the organization
- Annual General Meeting
Choice Solutions Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Balance Sheet
Choice Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with State Bank Of India of Rs. 5.75 Cr registered on 20 Oct 2006 with Charge ID 10023763 was modified on 07 Sep 2020.
- Director Appointment
Kallakurchi Srinivas Venkoba was appointed as a Director was appointed as a Director on 03 Feb 2020 & has been associated with this company since 5 years 1 month .
- Director Appointment
Tandava Krishna Moorthy Satuluri was appointed as a Director was appointed as a Director on 02 Dec 2019 & has been associated with this company since 5 years 3 months .
- Charges
A charge registered on 15 Sep 1995 via Charge ID 90137771 with Andhra Bank was fully satisfied on 09 Feb 2012.
Frequently asked questions
What is the Incorporation or founding date of Choice Solutions Limited?
Choice Solutions Limited was incorporated on 28 Oct 1991.
What is authorized share capital and paid-up capital of Choice Solutions Limited?
The authorized share capital of Choice Solutions Limited is ₹ 7.00 Cr and paid-up capital is ₹ 6.83 Cr.
Who are the current board members & directors of Choice Solutions Limited?
Currently 5 directors are associated with Choice Solutions Limited.
- Kallakurchi Venkobarao Jagannath
- Ravi Rama Krishna Devulapalli
- Chand Narayan
- Tandava Krishna Moorthy Satuluri
- Kallakurchi Srinivas Venkoba
What is the registered address of Choice Solutions Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Choice Solutions Limited is Plot No 408-3 H No. 8-2-293/82/J/3/408 Road No.81 Jubliee Hills Film Nagar, Hyderabad India, Shaikpet, Telangana, 500033.
What is the corporate identification number (CIN) and company number of Choice Solutions Limited?
The corporate identification number (CIN) of Choice Solutions Limited is U19202TG1991PLC013365 and the company number is 013365 as per Ministry of Corporate Affairs (MCA).
What is the official website of Choice Solutions Limited?
The Official website of Choice Solutions Limited is https://www.choice-solutions.com
What has been the recent revenue trend for Choice Solutions Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Choice Solutions Limited has risen by 16.32%.
How many employees does Choice Solutions Limited currently have?
As Per 2023 financial reports, 256 employees are currently employed by Choice Solutions Limited.
What change has been observed in the net worth of Choice Solutions Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Choice Solutions Limited has experienced an upsurge of 0.40%.
What are the total open charges for Choice Solutions Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Choice Solutions Limited amount to ₹ 5.75 Cr.
When was the last Balance Sheet of Choice Solutions Limited filed with the ROC?
The most recent Balance Sheet for Choice Solutions Limited was filed with the ROC on 31 Mar 2024.
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