Clove It Solutions Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
as on 26-09-2024
- Paid Up Capital ₹ 1.38 Cr
as on 26-09-2024
- Company Age 9 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 8.50 M
as on 26-09-2024
- Revenue 174.47%
(FY 2023)
- Profit 33.74%
(FY 2023)
- Ebitda 285.85%
(FY 2023)
- Net Worth -42.43%
(FY 2023)
- Total Assets -18.35%
(FY 2023)
About Clove It Solutions
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 1.50 Cr and a paid-up capital of Rs 1.38 Cr.
The company has closed loans amounting to ₹8.50 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Narasimha Venkata, Vinay Penmetsa, and Ayodyapuram Reddy serve as directors at the Company.
- CIN/LLPIN
U72200TG2015PTC101728
- Company No.
101728
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Nov 2015
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Clove It Solutions?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narasimha Venkata  | Director | 15-Nov-2015 | Current |
| Vinay Penmetsa | Director | 06-Jan-2020 | Current |
| Ayodyapuram Reddy | Director | 15-Nov-2015 | Current |
Financial Performance of Clove It Solutions.
Clove It Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 174.47% increase. The company also saw a substantial improvement in profitability, with a 33.74% increase in profit. The company's net worth observed a substantial decline by a decrease of 42.43%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Clove It Solutions?
In 2023, Clove It Solutions had a promoter holding of 82.03% and a public holding of 17.98%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Clove Technologies Private LimitedActive 20 years 10 monthsNarasimha Venkata and Vinay Penmetsa are mutual person
- Clove Ventures Private LimitedActive 7 years 8 months
Narasimha Venkata and Vinay Penmetsa are mutual person
- Vicky Property Procurement Services Private LimitedActive 3 years 2 months
Vinay Penmetsa is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 Apr 2019 | ₹2.50 M | Satisfied |
Hdfc Bank Limited Creation Date: 20 Jun 2016 | ₹6.00 M | Satisfied |
How Many Employees Work at Clove It Solutions?
Clove It Solutions has a workforce of 34 employees as of Sep 26, 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 Clove It 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 Clove It 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.
