Profinch Solutions Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 1.80 Cr
as on 23-10-2024
- Company Age 10 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 35.00 Cr
as on 23-10-2024
- Satisfied Charges ₹ 96.70 Cr
as on 23-10-2024
- Revenue 13.37%
(FY 2023)
- Profit -229.09%
(FY 2023)
- Ebitda -105.44%
(FY 2023)
- Net Worth -44.44%
(FY 2023)
- Total Assets 37.63%
(FY 2023)
About Profinch Solutions
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 10.00 Cr and a paid-up capital of Rs 1.80 Cr.
The company currently has active open charges totaling ₹35.00 Cr. The company has closed loans amounting to ₹96.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jaskaran Bhogal, Kiran Mallavarapu, and Ashok Jayaraman serve as directors at the Company.
- CIN/LLPIN
U72400KA2014PTC074611
- Company No.
074611
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 May 2014
- Date of AGM
13 Nov 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Profinch Solutions Private Limited offer?
Profinch Solutions Private Limited offers a wide range of products and services, including Software Development & IT Consultant, Software Consulting Service.
Who are the key members and board of directors at Profinch Solutions?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kiran Mallavarapu  | Director | 26-May-2014 | Current |
| Jaskaran Bhogal | Director | 26-May-2014 | Current |
| Ashok Jayaraman | Director | 26-May-2014 | Current |
Financial Performance of Profinch Solutions.
Profinch Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13.37% increase. The company also saw a substantial fall in profitability, with a 229.09% decrease in profit. The company's net worth observed a substantial decline by a decrease of 44.44%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Profinch Solutions?
In 2022, Profinch Solutions had a promoter holding of 90.97% and a public holding of 9.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Atumverse Solutions Private LimitedActive 1 year 5 months
Jaskaran Bhogal, Kiran Mallavarapu and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 29 Feb 2024 | ₹35.00 Cr | Open |
State Bank Of India Creation Date: 31 Jul 2023 | ₹20.00 Cr | Satisfied |
Others Creation Date: 31 Dec 2022 | ₹6.00 Cr | Satisfied |
How Many Employees Work at Profinch Solutions?
Profinch Solutions has a workforce of 833 employees as of Apr 04, 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 Profinch 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 Profinch Solutions'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.
