Verinon Technology Solutions Private Limited

Provides software services such as easy2share, mobile app development, data migration, and e-commerce website development.

2004 | Hyderabad, Telangana (India) | Active
Last Updated: October 24, 2024

Verinon Technology Solutions Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.30 M
  • Company Age 20 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 13.84%
  • Profit Growth -36.25%
  • Ebitda -26.93%
  • Net Worth 4.22%
  • Total Assets 4.11%

About Verinon Technology Solutions

Verinon Technology Solutions Private Limited (VTSPL) is a leading Private Limited Foreign Company Incorporated In India incorporated in India on 09 February 2004 and has a history of 20 years and 11 months. Its registered office is in Hyderabad, Telangana, 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 Cr and a paid-up capital of Rs 9.30 M, as per Ministry of Corporate Affairs (MCA) records.

Bodanapally Reddy, Sainadha Reddy, and Malipetla Sarveshwarreddy serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200TG2004FTC042623

  • Company No.

    042623

  • Company Classification

    Private Limited Foreign Company Incorporated In India

  • Incorporation Date

    09 Feb 2004

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

What products or services does Verinon Technology Solutions Private Limited offer?

Verinon Technology Solutions Private Limited offers a wide range of products and services, including Application Software Packages.

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

Board Members (3)

Name Designation Appointment Date Status
Bodanapally Reddy Country flag representing In Director 15-Mar-2018 Current
Sainadha Reddy Country flag representing In Director 15-Mar-2018 Current
Malipetla Sarveshwarreddy Country flag representing In Director 16-Jul-2018 Current

Financial Performance of Verinon Technology Solutions.

Verinon Technology Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13.84% increase. The company also saw a substantial fall in profitability, with a 36.25% decrease in profit. The company's net worth moved up by a moderate rise of 4.22%.

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
13.84%
Revenue from Operations
13.74%
Total Assets
4.11%
Profit or Loss
-36.25%
Net Worth
4.22%
EBITDA
-26.93%

What is the Ownership and Shareholding Structure of Verinon Technology Solutions?

In 2023, Verinon Technology Solutions 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 Verinon Technology Solutions?

Verinon Technology Solutions has a workforce of 92 employees as of Apr 10, 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 Verinon Technology 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 Verinon Technology 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 Verinon Technology Solutions

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Verinon Technology Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

    31 Mar 2023

  • Director Appointment

    Malipetla Sarveshwarreddy was appointed as a Director was appointed as a Director on 16 Jul 2018 & has been associated with this company since 6 years 6 months .

    16 Jul 2018

  • Director Appointment

    Bodanapally Rami Reddy was appointed as a Director was appointed as a Director on 15 Mar 2018 & has been associated with this company since 6 years 10 months .

    15 Mar 2018

  • Director Appointment

    Sainadha Nallareddy Reddy was appointed as a Director was appointed as a Director on 15 Mar 2018 & has been associated with this company since 6 years 10 months .

    15 Mar 2018

  • Company Incorporation

    Verinon Technology Solutions Private Limited was registered on 09 Feb 2004 with Roc Hyderabad & aged 20 years 11 months as per MCA records.

    09 Feb 2004

Frequently asked questions

  • Verinon Technology Solutions Private Limited was incorporated on 09 Feb 2004.

  • The authorized share capital of Verinon Technology Solutions Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 9.30 M.

  • Currently 3 directors are associated with Verinon Technology Solutions Private Limited.

    • Bodanapally Rami Reddy
    • Sainadha Nallareddy Reddy
    • Malipetla Sarveshwarreddy
  • As per Ministry of Corporate Affairs (Mca), the registered address of Verinon Technology Solutions Private Limited is 305, Mayfair Complex S.P. Road India, Hyderabad, Telangana, 500003.

  • The corporate identification number (CIN) of Verinon Technology Solutions Private Limited is U72200TG2004FTC042623 and the company number is 042623 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Verinon Technology Solutions Private Limited is https://www.verinon.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Verinon Technology Solutions Private Limited has risen by 13.84%.

  • As Per 2023 financial reports, 92 employees are currently employed by Verinon Technology Solutions Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Verinon Technology Solutions Private Limited has experienced an upsurge of 4.22%.

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

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