Choice Solutions Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 6.83 Cr
- Company Age 33 Year, 3 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 three 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
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)
₹5.75 Cr
₹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.
