Practus Advisors Private Limited

Provides consultation, advisory, and implementation services to various industries in India.

2007 | Mumbai, Maharashtra (India) | Active
Last Updated:

Practus Advisors Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 17 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 1.50 Cr
  • Revenue Growth -55.25%
  • Profit Growth 364.76%
  • Ebitda -69.23%
  • Net Worth 27.37%
  • Total Assets -20.67%

About Practus Advisors

Practus Advisors Private Limited (PAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 April 2007 and has a history of 17 years and ten months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Wealth Tree Advisors Private Limited. The Company is engaged in the Business Outsourcing 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 2.00 M and a paid-up capital of Rs 1.50 M.

The company has closed loans amounting to ₹1.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Srinivasan Venkataraman, Monik Koticha, and Deepak Narayanan serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    wealthtree.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74110MH2007PTC170400

  • Company No.

    170400

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Apr 2007

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Business Outsourcing

What products or services does Practus Advisors Private Limited offer?

Practus Advisors Private Limited offers a wide range of products and services, including Business Planning and Management, Business Consultant, Product Engineering and Prototyping, Product Engineering Service, Event Management Services, Dealers Meet Assistance Services, BPO Services, Business Support Service, Business Process Improvement, Organization Structure Services.

Who are the key members and board of directors at Practus Advisors?

Board Members (3)

NameDesignationAppointment DateStatus
Deepak Narayanan Country flag representing In Director 20-May-2015Current
Srinivasan Venkataraman Country flag representing In Director 28-Apr-2007Current
Monik Koticha Country flag representing In Director 01-Jul-2015Current

Financial Performance of Practus Advisors.

Practus Advisors Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 55.25% decrease. The company also saw a substantial improvement in profitability, with a 364.76% increase in profit. The company's net worth Soared by an impressive increase of 27.37%.

Practus Advisors revenue growth over time
Practus Advisors 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
-55.25%
Revenue from Operations
-56.62%
Total Assets
-20.67%
Profit or Loss
364.76%
Net Worth
27.37%
EBITDA
-69.23%

What is the Ownership and Shareholding Structure of Practus Advisors?

In 2023, Practus Advisors had a promoter holding of 100.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹15.00 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
15 Oct 2019Hdfc Bank Limited₹1.50 CrSatisfied

How Many Employees Work at Practus Advisors?

Practus Advisors has a workforce of 31 employees as of Oct 19, 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.

Employee growth trends for Practus Advisors Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Practus Advisors, 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 Practus Advisors'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 Practus Advisors

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

    Practus Advisors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge registered on 15 Oct 2019 via Charge ID 100304501 with Hdfc Bank Limited was fully satisfied on 07 Jan 2023.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 15.00 M registered on 15 Oct 2019 with Charge ID 100304501 was modified on 16 Dec 2020.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 15.00 M with Charge ID 100304501 was registered on 15 Oct 2019.

  • Director Appointment

    Monik Sameer Koticha was appointed as a Director was appointed as a Director on 01 Jul 2015 & has been associated with this company since 9 years 8 months .

Frequently asked questions

  • What is the Incorporation or founding date of Practus Advisors Private Limited?

    Practus Advisors Private Limited was incorporated on 28 Apr 2007.

  • What is authorized share capital and paid-up capital of Practus Advisors Private Limited?

    The authorized share capital of Practus Advisors Private Limited is ₹ 2.00 M and paid-up capital is ₹ 1.50 M.

  • Who are the current board members & directors of Practus Advisors Private Limited?

    Currently 3 directors are associated with Practus Advisors Private Limited.

    • Srinivasan Venkataraman
    • Monik Sameer Koticha
    • Deepak Narayanan

  • What is the registered address of Practus Advisors Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Practus Advisors Private Limited is Unit No.18-Nwb 18Th Floor The Ruby, Senapati Bapat Marg Dadar West, Mumbai, Maharashtra, India, 400028.

  • What is the corporate identification number (CIN) and company number of Practus Advisors Private Limited?

    The corporate identification number (CIN) of Practus Advisors Private Limited is U74110MH2007PTC170400 and the company number is 170400 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Practus Advisors Private Limited?

    The Official website of Practus Advisors Private Limited is https://www.wealthtree.in

  • What has been the recent revenue trend for Practus Advisors Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Practus Advisors Private Limited has fallen by -55.25%.

  • How many employees does Practus Advisors Private Limited currently have?

    As Per 2023 financial reports, 31 employees are currently employed by Practus Advisors Private Limited.

  • What change has been observed in the net worth of Practus Advisors Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Practus Advisors Private Limited has experienced an upsurge of 27.37%.

  • When was the last Balance Sheet of Practus Advisors Private Limited filed with the ROC?

    The most recent Balance Sheet for Practus Advisors Private Limited was filed with the ROC on 31 Mar 2023.

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