Practo Technologies Profile
Key Indicators
- Authorised Capital ₹ 8.08 M
- Paid Up Capital ₹ 5.32 M
- Company Age 16 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 130.25 Cr
- Satisfied Charges ₹ 63.00 Cr
- Revenue Growth 9.73%
- Profit Growth 114.68%
- Ebitda 100.06%
- Net Worth 20.61%
- Total Assets -51.26%
About Practo Technologies
Practo Technologies Private Limited (PTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 May 2008 and has a history of 16 years and nine months. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Naabo Medical Solutions Private Limited. The Company is engaged in the Internet 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 8.08 M and a paid-up capital of Rs 5.32 M.
The company currently has active open charges totaling ₹130.25 Cr. The company has closed loans amounting to ₹63.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Abhinav Lal and Satish Arunachalam serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72900KA2008PTC046374
- Company No.
046374
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
08 May 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Internet
Who are the key members and board of directors at Practo Technologies?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhinav Lal  | Director | 30-Apr-2010 | Current |
| Satish Arunachalam | Director | 20-Sep-2023 | Current |
Financial Performance of Practo Technologies.
Practo Technologies Private Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 9.73% increase. The company also saw a substantial improvement in profitability, with a 114.68% increase in profit. The company's net worth Soared by an impressive increase of 20.61%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Practo Technologies?
In 2024, Practo Technologies had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Practo Rx Services Private Limited
Abhinav Lal is a mutual person
Qikwell Technologies India Private LimitedAbhinav Lal is a mutual person
Knighthealth Technologies Private LimitedAbhinav Lal is a mutual person
Charges (Loans)
Open Charges
₹1,302.50 M
Satisfied Charges
₹630.00 M
Charges Breakdown by Lending Institutions
- Others : 120.00 Cr
- Standard Chartered Bank : 10.00 Cr
- Citi Bank N.A. : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Feb 2024 | Standard Chartered Bank | ₹10.00 Cr | Open |
| 25 May 2023 | Citi Bank N.A. | ₹2.50 M | Open |
| 12 Aug 2022 | Others | ₹60.00 Cr | Open |
| 22 Apr 2021 | Others | ₹60.00 Cr | Open |
| 10 Jun 2019 | Others | ₹35.00 Cr | Satisfied |
How Many Employees Work at Practo Technologies?
Practo Technologies has a workforce of 401 employees as of Dec 11, 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 Practo 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 Practo 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.
Latest Updates, News, and FAQs on Practo Technologies
Recent activity within the organization
- Annual General Meeting
Practo Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 10 Jun 2019 via Charge ID 100278961 with Others was fully satisfied on 04 Apr 2024.
- Balance Sheet
Practo Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Standard Chartered Bank amounted to Rs. 100.00 M with Charge ID 100858269 was registered on 05 Feb 2024.
- Director Appointment
Satish Arunachalam was appointed as a Director was appointed as a Director on 20 Sep 2023 & has been associated with this company since 1 year 5 months .
- Charges
A charge with Citi Bank N.A. amounted to Rs. 2.50 M with Charge ID 100741361 was registered on 25 May 2023.
Recent News, Updates & Announcement
Practro aims profitability next fiscal; plans IPO soon | Business.Tencent-backed healthcare and diagnostics app Practo is aiming to turn profitable in next fiscal and is looking at a stock exchange listing with an initial public offering IPO soon its co-founder and CEO Shashank ND said.
- Practo's 'Transform' Program: Achieving Diabetes Remission and Reducing Medication with Digital Tools and NHS Collaboration.
Practo's 'Transform' is a 6-month program that helps people with diabetes or pre-diabetes reduce their medication and achieve normal blood sugar levels. It uses digital tools like WhatsApp, video, and audio calls and has shown promising results with 88% of patients reducing or stopping their medication, 1.7-point reduction in HbA1c levels, and 7.2kg weight loss. Developed with NHS, UK, it offers a multidisciplinary team approach and personalized support to enable diabetes remission and reduce cardiovascular risk..
Frequently asked questions
What is the Incorporation or founding date of Practo Technologies Private Limited?
Practo Technologies Private Limited was incorporated on 08 May 2008.
What is authorized share capital and paid-up capital of Practo Technologies Private Limited?
The authorized share capital of Practo Technologies Private Limited is ₹ 8.08 M and paid-up capital is ₹ 5.32 M.
Who are the current board members & directors of Practo Technologies Private Limited?
Currently 2 directors are associated with Practo Technologies Private Limited.
- Abhinav Lal
- Satish Arunachalam
What is the registered address of Practo Technologies Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Practo Technologies Private Limited is 371 St. Johns Hospital Road Santoshpuram Koramangala, 3Rd Block India, Bangalore South, Karnataka, 560034.
What is the corporate identification number (CIN) and company number of Practo Technologies Private Limited?
The corporate identification number (CIN) of Practo Technologies Private Limited is U72900KA2008PTC046374 and the company number is 046374 as per Ministry of Corporate Affairs (MCA).
What is the official website of Practo Technologies Private Limited?
The Official website of Practo Technologies Private Limited is https://www.practo.com
What has been the recent revenue trend for Practo Technologies Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Practo Technologies Private Limited has risen by 9.73%.
How many employees does Practo Technologies Private Limited currently have?
As Per 2024 financial reports, 401 employees are currently employed by Practo Technologies Private Limited.
What change has been observed in the net worth of Practo Technologies Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Practo Technologies Private Limited has experienced an upsurge of 20.61%.
What are the total open charges for Practo Technologies Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Practo Technologies Private Limited amount to ₹ 130.25 Cr.
When was the last Balance Sheet of Practo Technologies Private Limited filed with the ROC?
The most recent Balance Sheet for Practo Technologies Private Limited was filed with the ROC on 31 Mar 2024.
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