Clove It Solutions Private Limited - Due diligence report

A 360° intelligence report on Clove It Solutions Private Limited: trust score, financial health, credit view, compliance, directors, growth …

2015-11-15 Hyderabad, Telangana Amalgamated Unlisted Active Compliant
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CI Clove It Solutions Private Limited
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Clove It Solutions Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
56/100
Trust Score
Moderate

Clove It Solutions Private Limited is assessed as Moderate with a Trust Score of 56/100. Clove It Solutions Private Limited is a private limited indian non-government company incorporated in 2015, operating in the Information Technology sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 21 Jul 2026 from the latest processed filings. Clove It Solutions Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
56/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
43/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
45/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 65/100 Moderate
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 2 satisfied (85.00 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Others1 48.0 cr
Compliance Score: 43/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
VINAY KUMAR PENMETSA 01234567 Director 01/04/2018 6 yrs Approved
AYODYAPURAM JYOTHEESWARA REDDY 01234567 Director 01/04/2018 6 yrs Approved
NARASIMHA RAJU KALIDINDI KUMARA VENKATA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Clove Technologies Private Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Clove Technologies Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 45
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
Adverse company status: Amalgamated.
Compliance score is weak (43/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence48/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment49/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view58/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
22 Dec 2022
Charge satisfied
Others
22 Jun 2022
Securities allotted
31395 Equity Shares - 54.00 Lakh raised
30 Mar 2022
Securities allotted
62790 Equity Shares - 1.08 cr raised
02 Mar 2022
Securities allotted
62790 Equity Shares - 1.08 cr raised
25 Mar 2021
Securities allotted
91743 Equity Shares - 100.00 Lakh raised
31 Dec 2020
Director ceased
VINAY KUMAR PENMETSA
30 Sep 2020
Securities allotted
1125000 Equity Shares - 1.13 cr raised
06 Jan 2020
Director appointed
VINAY KUMAR PENMETSA (Director)
13 Jun 2019
Charge satisfied
Hdfc Bank Limited
30 Apr 2019
Charge created
Others - 25.00 Lakh
01 May 2017
Director ceased
KRISHNA MURTHY GUMMULURI
20 Jun 2016
Charge created
Hdfc Bank Limited - 60.00 Lakh
15 Nov 2015
Incorporated
Registered with Roc Hyderabad
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ezoapp U72900MH2022PTC385753 Thane, Maharashtra, India
Icts Tecki India Private Limited U72900TG2018PTC121623 Hyderabad, Telangana, India
Pandaje Web Services U74999UP2017PTC093097 Noida, Uttar Pradesh, India
Audiencetech India Solutions Private Limited U72200KA2016PTC095442 Bangalore, Karnataka, India
Rally Tech Services Private Limited U74900AP2010PTC067446 Visakhapatnam, Andhra Pradesh, India
Netquall Technologies Private Limited U72900PB2014PTC038947 S.A.S.Nagar (Mohali), Punjab, India
Checkout-Point Technologies Private Limited U72900KL2021PTC072623 Ernakulam, Kerala, India
Azul Arc International U72900MH2005PTC151608 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Clove It Solutions Private Limited before audits and certifications: compliance score 43/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Clove It Solutions Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Clove It Solutions Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 56/100, distress signals and MSME payment-delay disclosures - know whether Clove It Solutions Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Clove It Solutions Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Clove It Solutions Private Limited an active company?

Clove It Solutions Private Limited has MCA status “Amalgamated” with a compliance score of 43/100 (Caution Indicated).

Is Clove It Solutions Private Limited financially healthy?

Clove It Solutions Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Clove It Solutions Private Limited?

Its overall Trust Score is 56/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Clove It Solutions Private Limited?

The ultimate holding entity is Clove Technologies Private Limited. 3 active director(s) are on record.

Does Clove It Solutions Private Limited have loans or charges against its assets?

No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Clove It Solutions Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 43/100 (Caution Indicated).

Is it risky to lend to Clove It Solutions Private Limited?

Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.