Precision Techserve Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.61 M
- Company Age 26 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.00 Cr
- Satisfied Charges ₹ 7.48 Cr
- Revenue Growth 13.98%
- Profit Growth 74.78%
- Ebitda 42.42%
- Net Worth 508.98%
- Total Assets 28.13%
About Precision Techserve
Precision Techserve Private Limited (PTPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 February 1999 and has a history of 26 years and one month. 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 2024. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 1.61 M.
The company currently has active open charges totaling ₹5.00 Cr. The company has closed loans amounting to ₹7.48 Cr, as per Ministry of Corporate Affairs (MCA) records.
Thanjavur Ramesh, Viswanathan Murali, and Mathew Chacko serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51909TN1999PTC041955
- Company No.
041955
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Feb 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Information Technology
Who are the key members and board of directors at Precision Techserve?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thanjavur Ramesh  | Director | 23-Feb-1999 | Current |
| Viswanathan Murali | Director | 23-Feb-1999 | Current |
| Mathew Chacko | Director | 23-Feb-1999 | Current |
Financial Performance of Precision Techserve.
Precision Techserve Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 13.98% increase. The company also saw a substantial improvement in profitability, with a 74.78% increase in profit. The company's net worth Soared by an impressive increase of 508.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Precision Techserve?
In 2022, Precision Techserve had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Raymold Luminaires Private LimitedMathew Chacko is a mutual person
- Precision Galaxy Private Limited
Thanjavur Ramesh, Viswanathan Murali and 1 more are mutual person
- Precision Techconet Private Limited
Thanjavur Ramesh, Viswanathan Murali and 1 more are mutual person
Charges (Loans)
Open Charges
₹5.00 Cr
Satisfied Charges
₹7.48 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2022 | State Bank Of India | ₹5.00 Cr | Open |
| 30 Jan 2006 | Canara Bank | ₹7.10 Cr | Satisfied |
| 16 Jul 2003 | Bank Of Baroda | ₹0.75 M | Satisfied |
| 19 Nov 2001 | Bank Of Baroda | ₹0.80 M | Satisfied |
| 18 May 2000 | Bank Of Baroda | ₹2.23 M | Satisfied |
How Many Employees Work at Precision Techserve?
Precision Techserve has a workforce of 813 employees as of Apr 05, 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 Precision Techserve, 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 Precision Techserve'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 Precision Techserve
Recent activity within the organization
- Annual General Meeting
Precision Techserve Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Precision Techserve Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge with State Bank Of India amounted to Rs. 5.00 Cr with Charge ID 100596093 was registered on 30 Jun 2022.
- Charges
A charge registered on 30 Jan 2006 via Charge ID 80023633 with Canara Bank was fully satisfied on 10 Jan 2014.
- Charges
A charge with Canara Bank of Rs. 7.10 Cr registered on 30 Jan 2006 with Charge ID 80023633 was modified on 21 Nov 2008.
- Charges
A charge registered on 16 Jul 2003 via Charge ID 90286541 with Bank Of Baroda was fully satisfied on 05 Nov 2007.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Precision Techserve Private Limited?
Precision Techserve Private Limited was incorporated on 23 Feb 1999.
What is authorized share capital and paid-up capital of Precision Techserve Private Limited?
The authorized share capital of Precision Techserve Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.61 M.
Who are the current board members & directors of Precision Techserve Private Limited?
Currently 3 directors are associated with Precision Techserve Private Limited.
- Thanjavur Govindarajan Ramesh
- Viswanathan Murali
- Mathew Chacko
What is the registered address of Precision Techserve Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Precision Techserve Private Limited is 22, Habibulla Road T Nagar India, Chennai, Tamil Nadu, 600017.
What is the corporate identification number (CIN) and company number of Precision Techserve Private Limited?
The corporate identification number (CIN) of Precision Techserve Private Limited is U51909TN1999PTC041955 and the company number is 041955 as per Ministry of Corporate Affairs (MCA).
What is the official website of Precision Techserve Private Limited?
The Official website of Precision Techserve Private Limited is https://www.precisionit.co.in
What has been the recent revenue trend for Precision Techserve Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Precision Techserve Private Limited has risen by 13.98%.
How many employees does Precision Techserve Private Limited currently have?
As Per 2022 financial reports, 813 employees are currently employed by Precision Techserve Private Limited.
What change has been observed in the net worth of Precision Techserve Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Precision Techserve Private Limited has experienced an upsurge of 508.98%.
What are the total open charges for Precision Techserve Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Precision Techserve Private Limited amount to ₹ 5.00 Cr.
When was the last Balance Sheet of Precision Techserve Private Limited filed with the ROC?
The most recent Balance Sheet for Precision Techserve Private Limited was filed with the ROC on 31 Mar 2024.
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