Solution It Private Limited

Provides IT consulting services, technical staffing, and mobile application development.

2008 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated: July 26, 2024

Solution It Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 16 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 6.52%
  • Profit Growth 27.14%
  • Ebitda 4.06%
  • Net Worth 30.82%
  • Total Assets 24.30%

About Solution It

Solution It Private Limited (SIPL) is a Private Limited Indian Non-Government Company incorporated in India on 12 June 2008 and has a history of 16 years and seven months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.

The Corporate was formerly known as Solution It & Bpo 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 2023. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 2.50 M, as per Ministry of Corporate Affairs (MCA) records.

Pappala Rao and Jogesh Tumbali serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72900AP2008PTC105660

  • Company No.

    105660

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Jun 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Information Technology

What products or services does Solution It Private Limited offer?

Solution It Private Limited offers a wide range of products and services, including Business Planning and Management, Business Consultant, IT, Networking & Automation Solution, IT Solutions.

Who are the key members and board of directors at Solution It?

Board Members (2)

Name Designation Appointment Date Status
Pappala Rao Country flag representing In Director 13-Dec-2011 Current
Jogesh Tumbali Country flag representing In Director 05-Jun-2019 Current

Financial Performance of Solution It.

Solution It Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.52% increase. The company also saw a substantial improvement in profitability, with a 27.14% increase in profit. The company's net worth Soared by an impressive increase of 30.82%.

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
6.52%
Revenue from Operations
3.59%
Total Assets
24.30%
Profit or Loss
27.14%
Net Worth
30.82%
EBITDA
4.06%

What is the Ownership and Shareholding Structure of Solution It?

In 2023, Solution It had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Solution It?

Unlock and access historical data on people associated with Solution It, 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 Solution It, 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 Solution It'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 Solution It

Recent activity within the organization

  • Annual General Meeting

    Solution It Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Solution It Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.

    31 Mar 2023

  • Director Appointment

    Jogesh Tumbali was appointed as a Director was appointed as a Director on 05 Jun 2019 & has been associated with this company since 5 years 7 months .

    05 Jun 2019

  • Director Appointment

    Pappala Umeshwar Rao was appointed as a Director was appointed as a Director on 13 Dec 2011 & has been associated with this company since 13 years 1 month .

    13 Dec 2011

  • Company Incorporation

    Solution It Private Limited was registered on 12 Jun 2008 with Roc Vijayawada & aged 16 years 7 months as per MCA records.

    12 Jun 2008

Frequently asked questions

  • Solution It Private Limited was incorporated on 12 Jun 2008.

  • The authorized share capital of Solution It Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.

  • Currently 2 directors are associated with Solution It Private Limited.

    • Pappala Umeshwar Rao
    • Jogesh Tumbali
  • As per Ministry of Corporate Affairs (Mca), the registered address of Solution It Private Limited is 7-1-75 Encore Centre, Kirlampudi Layout China Waltair, Visakhapatnam, Andhra Pradesh, India, 530023.

  • The corporate identification number (CIN) of Solution It Private Limited is U72900AP2008PTC105660 and the company number is 105660 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Solution It Private Limited is https://www.solutionit.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Solution It Private Limited has risen by 6.52%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Solution It Private Limited has experienced an upsurge of 30.82%.

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

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