About Praxify Technologies India Private Limited
Data last updated:
Praxify Technologies India Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Praxify Technologies Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 July 2015.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2015PTC141428. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Anilkumar Patil and Srinivasan Vijayalakshmi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Block A Floor 9 Global Infocity Park Dr. Mgr Road Kandanchavadi Perungudi, Chennai, Tamil Nadu, India – 600096.
As per the financials filed for FY 2022, the company reported a revenue of ₹55.51 Cr, a growth of 92% compared to the previous year. For the same year it recorded a net profit of ₹6.85 Cr (net margin 12.3%) and EBITDA of ₹9.99 Cr (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 29% over five years.
The company had about 42 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Praxify and Athenahealth.
The last known website on record is athenahealth.com.
Company details
CIN history
Praxify Technologies India has one previous CIN (Corporate Identification Number): U72200KA2015PTC081691. The current CIN is U72200TN2015PTC141428, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TN2015PTC141428 | Current |
| U72200KA2015PTC081691 | Previous |
Contact details
Praxify Technologies India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is athenahealth.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock A Floor 9 Global Infocity Park Dr. Mgr Road Kandanchavadi Perungudi, Chennai, Tamil Nadu, India – 600096
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Praxify Technologies India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Praxify Technologies India operates two associated brands: Praxify and athenahealth. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud based physician Practice Management Solution with an integrated EHR on mobile/tablet | praxify.com | |
| Cloud-based administrative tools for healthcare providers are offered. | athenahealth.com |
Business activity
The main business activity of Praxify Technologies India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Praxify Technologies India Private Limited, buy the company report.
Financials of Praxify Technologies India Private Limited
FY 2022 filings availablePraxify Technologies India Private Limited reported revenue of ₹55.51 Cr (up 92% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 92% growth in the latest year. EBITDA rose 79% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹55.51 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹9.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.85 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | ||||
| Net Profit Margin | 12.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Praxify Technologies India Private Limited, buy the company report.
Board of directors of Praxify Technologies India Private Limited
Praxify Technologies India has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anilkumar Patil Also directs: Pragash Technologies LLP, Squarewise Proptech LLP, Athenahealth Technology Private Limited and 1 more | Director | 19 May 2020 | 6 Years 5 Months | As last reported |
| Srinivasan Vijayalakshmi Also directs: Athenahealth Technology Private Limited | Director | 08 Apr 2020 | 6 Years 6 Months | As last reported |
| Dhandapani Thirumalai Nambi Also directs: Athenahealth Technology Private Limited | Director | 30 Sep 2022 | 4 Years 0 Months | As last reported |
| Srinivasa Venkata Sivakumar Nandivada Also directs: Lifebeyondschool Foundation | Director | 25 Jan 2018 | 8 Years 9 Months | As last reported |
Peer comparison
Praxify Technologies India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Skysecure Technologies Private Limited | ₹55.74 Cr (FY 2025) | 36.0% | Bangalore, Karnataka, India | |||
| Unisys Infosolutions Private Limited | ₹55.72 Cr (FY 2025) | -17.0% | Karnal, Haryana, India | |||
| Boku Network Services in Private Limited | ₹55.71 Cr (FY 2025) | 35.0% | Mumbai, Maharashtra, India | |||
| Pyro Telecom Solutions Private Limited | ₹55.66 Cr (FY 2017) | 22.0% | Hyderabad, Telangana, India | |||
| Vriti Management Systems Private Limited | ₹55.58 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Praxify Technologies India Private Limitedthis company | ₹55.51 Cr (FY 2022) | ₹6.85 Cr | 12.3% | 92.0% | 42 | Chennai, Tamil Nadu, India |
| Yext India Private Limited | ₹55.5 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India | |||
| Futuretek Commerce Private Limited | ₹55.5 Cr (FY 2025) | 214.0% | Jaipur, Rajasthan, India | |||
| Recall India Information Management Private Limited | ₹55.43 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| C3i Support Services Private Limited | ₹55.1 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Trade Desk India Private Limited | ₹54.93 Cr (FY 2025) | 35.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Praxify Technologies India Private Limited, buy the company report.
Auditor
Praxify Technologies India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Praxify Technologies India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Praxify Technologies India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Praxify Technologies India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Praxify Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Praxify Technologies India Private Limited has a workforce of 42 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Praxify Technologies India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Praxify Technologies India Private Limited, buy the company report.
Recent activity
Praxify Technologies India Private Limited has 15 board changes on record since 2017: 4 appointments and 11 cessations. The latest: Dhandapani Thirumalai Nambi was appointed as Director on 30 Sep 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Praxify Technologies India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Praxify Technologies India was a private limited company based in Chennai, Tamil Nadu, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 20 July 2015 and is registered under CIN U72200TN2015PTC141428. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Praxify Technologies India was incorporated on 20 July 2015. It is registered with the Registrar of Companies, Chennai.
Praxify Technologies India had 4 directors:
- Anilkumar Patil - Director
- Srinivasan Vijayalakshmi - Director
- Dhandapani Thirumalai Nambi - Director
- Srinivasa Venkata Sivakumar Nandivada - Director
The CIN (Corporate Identification Number) of Praxify Technologies India is U72200TN2015PTC141428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Praxify Technologies India is at Block A Floor 9 Global Infocity Park Dr. Mgr Road Kandanchavadi Perungudi, Chennai, Tamil Nadu, India – 600096.
Praxify Technologies India can be reached through the website athenahealth.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Praxify Technologies India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
No. Praxify Technologies India has 2 GST registrations on record and all of them are cancelled or inactive.
Praxify Technologies India operated in the information technology industry, in the application development and software solutions segment.
The peers of Praxify Technologies India by revenue are Skysecure Technologies Private Limited, Unisys Infosolutions Private Limited, Boku Network Services in Private Limited, Pyro Telecom Solutions Private Limited, Vriti Management Systems Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).