Clonect Solutions Private Limited

Develops cloud-based GRC products and offers software services for finance and legal industries.

2014 | Bangaluru, Karnataka (India) | Active
Last Updated: October 23, 2024

Clonect Solutions Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.40 M
  • Company Age 11 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 2.80 M
  • Revenue Growth 16.80%
  • Profit Growth -13.55%
  • Ebitda -17.46%
  • Net Worth 1.44%
  • Total Assets 2.32%

About Clonect Solutions

Clonect Solutions Private Limited (CSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 January 2014 and has a history of 11 years and one month. Its registered office is in Bangaluru, Karnataka, India.

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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.40 M.

The company has closed loans amounting to ₹2.80 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Balakrishnan Venkatraman, Shailesh Agrawal, and Balaji Ghat serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ricago.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72400KA2014PTC073219

  • Company No.

    073219

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Jan 2014

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Clonect Solutions Private Limited offer?

Clonect Solutions Private Limited offers a wide range of products and services, including Company Law & Labour Law Consultants, Statutory Compliance Services, Data Entry & Data Processing Service, Data Digitization, Software Development & IT Consultant, Resource Management Systems, Website Development Services, Web Service, GST & PAN Registrations, GST Consultant.

Who are the key members and board of directors at Clonect Solutions?

Board Members (3)

NameDesignationAppointment DateStatus
Balakrishnan Venkatraman Country flag representing In Director 05-Dec-2014Current
Shailesh Agrawal Country flag representing In Director 05-Jun-2014Current
Balaji Ghat Country flag representing In Director 05-Jun-2014Current

Financial Performance of Clonect Solutions.

Clonect Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.8% increase. The company also saw a substantial fall in profitability, with a 13.55% decrease in profit. The company's net worth moved up by a moderate rise of 1.44%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
16.80%
Revenue from Operations
15.39%
Total Assets
2.32%
Profit or Loss
-13.55%
Net Worth
1.44%
EBITDA
-17.46%

What is the Ownership and Shareholding Structure of Clonect Solutions?

In 2023, Clonect Solutions had a promoter holding of 79.60% and a public holding of 20.40%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹2.80 M

Charges Breakdown by Lending Institutions

  • Others : 0.28 Cr

Latest Charge Details

DateLenderAmountStatus
25 Jul 2016Others₹2.80 MSatisfied

How Many Employees Work at Clonect Solutions?

Clonect Solutions has a workforce of 45 employees as of Apr 04, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Clonect 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 Clonect Solutions's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Clonect Solutions

Recent activity within the organization

  • Annual General Meeting

    Clonect Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Clonect Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge registered on 25 Jul 2016 via Charge ID 100045329 with Others was fully satisfied on 18 Jan 2018.

    18 Jan 2018

  • Charges

    A charge with Others amounted to Rs. 2.80 M with Charge ID 100045329 was registered on 25 Jul 2016.

    25 Jul 2016

  • Director Appointment

    Balakrishnan Venkatraman was appointed as a Director was appointed as a Director on 05 Dec 2014 & has been associated with this company since 10 years 2 months .

    05 Dec 2014

  • Director Appointment

    Shailesh Kumar Agrawal was appointed as a Director was appointed as a Director on 05 Jun 2014 & has been associated with this company since 10 years 8 months .

    05 Jun 2014

Frequently asked questions

  • Clonect Solutions Private Limited was incorporated on 24 Jan 2014.

  • The authorized share capital of Clonect Solutions Private Limited is ₹ 1.00 M and paid-up capital is ₹ 0.40 M.

  • Currently 3 directors are associated with Clonect Solutions Private Limited.

    • Balakrishnan Venkatraman
    • Shailesh Kumar Agrawal
    • Balaji Srinivasa Rao Ghat
  • As per Ministry of Corporate Affairs (Mca), the registered address of Clonect Solutions Private Limited is 2 Vasudha 2Nd Floor 38Th Main Road, 6Th Phase India, Bangalore South, Karnataka, 560078.

  • The corporate identification number (CIN) of Clonect Solutions Private Limited is U72400KA2014PTC073219 and the company number is 073219 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Clonect Solutions Private Limited is https://www.ricago.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Clonect Solutions Private Limited has risen by 16.80%.

  • As Per 2023 financial reports, 45 employees are currently employed by Clonect Solutions Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Clonect Solutions Private Limited has experienced an upsurge of 1.44%.

  • The most recent Balance Sheet for Clonect Solutions Private Limited was filed with the ROC on 31 Mar 2023.

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