Grove Systems Private Limited

Designs and develops audio, video, digital signage, green energy, IoT, and automation products.

2018 | Pune, Maharashtra (India) | Active
Last Updated: December 16, 2024

Grove Systems Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 6 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.00 Cr
  • Revenue Growth 112.13%
  • Profit Growth 77.44%
  • Ebitda 86.88%
  • Net Worth 83.74%
  • Total Assets 128.64%

About Grove Systems

Grove Systems Private Limited (GSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 24 October 2018 (Six years and four months 4 days old ). Its registered office is in Pune, Maharashtra, 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 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹3.00 Cr.

Susan Grover and Vinod Grover serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    grovesystems.co

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999PN2018PTC179799

  • Company No.

    179799

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 2018

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

Who are the key members and board of directors at Grove Systems?

Board Members (2)

NameDesignationAppointment DateStatus
Susan Grover Country flag representing In Director 24-Oct-2018Current
Vinod Grover Country flag representing In Director 24-Oct-2018Current

Financial Performance of Grove Systems.

Grove Systems Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 112.13% increase. The company also saw a substantial improvement in profitability, with a 77.44% increase in profit. The company's net worth Soared by an impressive increase of 83.74%.

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
112.13%
Revenue from Operations
112.08%
Total Assets
128.64%
Profit or Loss
77.44%
Net Worth
83.74%
EBITDA
86.88%

What is the Ownership and Shareholding Structure of Grove Systems?

Unlock access to Grove Systems's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.00 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 2.00 Cr
  • Hdfc Bank Limited : 1.00 Cr

Latest Charge Details

DateLenderAmountStatus
19 Oct 2024Others₹2.00 CrOpen
18 Aug 2023Hdfc Bank Limited₹1.00 CrOpen

How Many Employees Work at Grove Systems?

Unlock and access historical data on people associated with Grove Systems, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Grove Systems, 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 Grove Systems'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 Grove Systems

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 20.00 M with Charge ID 101011473 was registered on 19 Oct 2024.

    19 Oct 2024

  • Annual General Meeting

    Grove Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Grove Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 10.00 M with Charge ID 100814709 was registered on 18 Aug 2023.

    18 Aug 2023

  • Director Appointment

    Susan Jubi Grover was appointed as a Director was appointed as a Director on 24 Oct 2018 & has been associated with this company since 6 years 4 months .

    24 Oct 2018

  • Director Appointment

    Vinod Grover was appointed as a Director was appointed as a Director on 24 Oct 2018 & has been associated with this company since 6 years 4 months .

    24 Oct 2018

Frequently asked questions

  • Grove Systems Private Limited was incorporated on 24 Oct 2018.

  • The authorized share capital of Grove Systems Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Grove Systems Private Limited.

    • Susan Jubi Grover
    • Vinod Grover
  • As per Ministry of Corporate Affairs (Mca), the registered address of Grove Systems Private Limited is Flat No C 203 Savannah Wagholi Taluka Hawelli India, Pune, Maharashtra, 412220.

  • The corporate identification number (CIN) of Grove Systems Private Limited is U74999PN2018PTC179799 and the company number is 179799 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Grove Systems Private Limited is https://www.grovesystems.co

  • According to the financial reports for the fiscal year 2023, the revenue trend for Grove Systems Private Limited has risen by 112.13%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Grove Systems Private Limited has experienced an upsurge of 83.74%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Grove Systems Private Limited amount to ₹ 3.00 Cr.

  • The most recent Balance Sheet for Grove Systems Private Limited was filed with the ROC on 31 Mar 2024.