Power It Services Private Limited

IT company providing web design, content development, IT consultancy, recruitment, and software solutions.

2012 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 14, 2024

Power It Services Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 12 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -40.54%
  • Profit Growth -34.38%
  • Ebitda -64.42%
  • Net Worth 37.28%
  • Total Assets -15.28%

About Power It Services

Power It Services Private Limited (PISPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 October 2012 and has a history of 12 years and four months. Its registered office is in Chennai, Tamil Nadu, 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ramesh Pemmasani and Rathnamma Pemmasani serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72900TN2012PTC087919

  • Company No.

    087919

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    03 Oct 2012

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Information Technology

What products or services does Power It Services Private Limited offer?

Power It Services Private Limited offers a wide range of products and services, including HR Outsourcing, Recruitment Outsourcing Services, HR & Manpower Recruitment Solutions, Corporate Recruitment, Contract Employment & Staffing Firms, Manpower Service.

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

Board Members (2)

Name Designation Appointment Date Status
Ramesh Pemmasani Country flag representing Au Additional Director 04-May-2022 Current
Rathnamma Pemmasani Country flag representing In Additional Director 02-Feb-2013 Current

Financial Performance of Power It Services.

Power It Services Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 40.54% decrease. The company also saw a substantial fall in profitability, with a 34.38% decrease in profit. The company's net worth Soared by an impressive increase of 37.28%.

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
-40.54%
Revenue from Operations
-42.47%
Total Assets
-15.28%
Profit or Loss
-34.38%
Net Worth
37.28%
EBITDA
-64.42%

What is the Ownership and Shareholding Structure of Power It Services?

In 2021, Power It Services 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 Power It Services?

Power It Services has a workforce of 25 employees as of Mar 22, 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 Power It Services, 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 Power It Services'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 Power It Services

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2023

  • Balance Sheet

    Power It Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Ramesh Babu Pemmasani was appointed as a Additional Director was appointed as a Additional Director on 04 May 2022 & has been associated with this company since 2 years 9 months .

    04 May 2022

  • Director Appointment

    Rathnamma Pemmasani was appointed as a Additional Director was appointed as a Additional Director on 02 Feb 2013 & has been associated with this company since 12 years 6 days .

    02 Feb 2013

  • Company Incorporation

    Power It Services Private Limited was registered on 03 Oct 2012 with Roc Chennai & aged 12 years 4 months as per MCA records.

    03 Oct 2012

Recent News, Updates & Announcement

Frequently asked questions

  • Power It Services Private Limited was incorporated on 03 Oct 2012.

  • The authorized share capital of Power It Services Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Power It Services Private Limited.

    • Ramesh Babu Pemmasani
    • Rathnamma Pemmasani
  • As per Ministry of Corporate Affairs (Mca), the registered address of Power It Services Private Limited is Amient House Door No.7/5(Old No.3-A/5) Kodambakkam High Road (M.G.R Salai), Nun Gambakkam India, Chennai, Tamil Nadu, 600034.

  • The corporate identification number (CIN) of Power It Services Private Limited is U72900TN2012PTC087919 and the company number is 087919 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Power It Services Private Limited is https://www.poweritservices.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Power It Services Private Limited has fallen by -40.54%.

  • As Per 2021 financial reports, 25 employees are currently employed by Power It Services Private Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Power It Services Private Limited has experienced an upsurge of 37.28%.

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

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