Movate Technologies Profile
Key Indicators
- Authorised Capital ₹ 41.00 Cr
- Paid Up Capital ₹ 23.86 Cr
- Company Age 24 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 71.00 Cr
- Satisfied Charges ₹ 2.50 M
- Revenue Growth 24.09%
- Profit Growth 56.47%
- Ebitda 2.52%
- Net Worth 67.61%
- Total Assets 20.49%
About Movate Technologies
Movate Technologies Private Limited (MTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 July 2000 and has a history of 24 years and six months. Its registered office is in Tiruvallur, Tamil Nadu, India.
The Corporate was formerly known as Glow Networks 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 41.00 Cr and a paid-up capital of Rs 23.86 Cr.
The company currently has active open charges totaling ₹71.00 Cr. The company has closed loans amounting to ₹2.50 M, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Movate Technologies Private Limited India is S Suresh as COMPANY SECRETARY. Rajkumar Manee and Anish Philip serve as directors at the Company.
Company Details
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Location
Tiruvallur, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U72900TN2000PTC115034
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Company No.
115034
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
25 Jul 2000
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
What products or services does Movate Technologies Private Limited offer?
Movate Technologies Private Limited offers a wide range of products and services, including Software Development & IT Consultant, IT Security Service, Call Centre & Customer Care Services, Technology Support Services, Technical Support Service, Networking Solutions, Fiber Optics Cabling Services, Cloud Computing Service, Network Maintenance Services, Network Support Services.
Who are the key members and board of directors at Movate Technologies?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| S Suresh | Company Secretary | 07-Mar-2022 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anish Philip
|
Director | 10-May-2022 | Current |
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Rajkumar Manee
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Additional Director | 17-Oct-2024 | Current |
Financial Performance of Movate Technologies.
Movate Technologies Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 24.09% increase. The company also saw a substantial improvement in profitability, with a 56.47% increase in profit. The company's net worth Soared by an impressive increase of 67.61%.
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What is the Ownership and Shareholding Structure of Movate Technologies?
In 2022, Movate Technologies had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹71.00 Cr
₹0.25 Cr
Charges Breakdown by Lending Institutions
- Others : 71.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jun 2023 | Others | ₹20.00 Cr | Open |
| 12 Jun 2023 | Others | ₹1.00 Cr | Open |
| 14 Dec 2009 | Others | ₹50.00 Cr | Open |
| 29 Nov 2007 | Union Bank Of India | ₹2.50 M | Satisfied |
How Many Employees Work at Movate Technologies?
Movate Technologies has a workforce of 5943 employees as of Apr 09, 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 Movate Technologies, 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 Movate Technologies'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.
