About Propel Apps Private Limited
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Propel Apps Private Limited is a private limited company based in Hydernagar, Telangana, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 23 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2017PTC117889. Its GSTIN is 36AAPCA7301Q1Z5 (Telangana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Algarytm Digital Private Limited and Proppel Apps Private Limited. It is led by directors Sumantha Reddy Vanga and Gangaiah Peddisetti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hydernagar, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.3 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹2.57 Lakh (net margin 1.1%) and EBITDA of ₹3.51 Lakh (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 39% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website algarytm.com.
Company details
Name history
Propel Apps has undergone 2 name changes throughout its history. The company was previously known as Algarytm Digital Private Limited, and Proppel Apps Private Limited. The current legal name is Propel Apps Private Limited.
| Company Name | Status |
|---|---|
| Propel Apps Private Limited | Current |
| Algarytm Digital Private Limited | Previous |
| Proppel Apps Private Limited | Previous |
Contact details
Propel Apps Private Limited's registered office is in Hydernagar, Telangana. Its website is algarytm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No : 16 Flat No :301 Ramamurthy Nagar Cbcid Co, Lony, Hydernagar, Telangana, India – 500072
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
To see the full contact details of Propel Apps 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
Business activity
The main business activity of Propel Apps is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Propel Apps Private Limited, buy the company report.
Financials of Propel Apps Private Limited
FY 2025 filings availablePropel Apps Private Limited reported revenue of ₹2.3 Cr (up 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 51% growth in the latest year. EBITDA rose 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.51 Lakh | ||||
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| Net Profit (PAT) | ₹2.57 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 1.1% | ||||
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To see the full financial statements and ratios of Propel Apps Private Limited, buy the company report.
Board of directors of Propel Apps Private Limited
Propel Apps has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gangaiah Peddisetti | Additional Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Sumantha Reddy Vanga | Director | 24 Aug 2021 | 5 Years 1 Months | Current |
Peer comparison
Propel Apps Private Limited is compared with the 4 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pass Gerhard Consulting Alliance Solutions Centre Private Limited | ₹2.3 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Interbit Solutions Private Limited | ₹2.3 Cr (FY 2025) | 50.0% | Virar West, Maharashtra, India | |||
| Propel Apps Private Limitedthis company | ₹2.3 Cr (FY 2025) | ₹2.57 Lakh | 1.1% | 51.0% | Hydernagar, Telangana, India | |
| Vikmark Technologies Private Limited | ₹2.3 Cr (FY 2025) | 296.0% | Ramachandrapuram, Telangana, India | |||
| Cloudare Technologies Private Limited | ₹2.3 Cr (FY 2024) | -10.0% | Kantabanji, Odisha, India |
To see the full peer comparison of Propel Apps Private Limited, buy the company report.
Auditor
Propel Apps Private Limited is audited by SANJEEVA REDDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJEEVA REDDY & ASSOCIATES | FY 2023 | 217696 |
Shareholding
The shareholding of Propel Apps Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Propel Apps Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Propel Apps 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 Propel Apps Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Propel Apps has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAPCA7301Q1Z5 | Telangana | Active | 10 Sep 2019 |
To see the full GST registrations and return filing status of Propel Apps Private Limited, buy the company report.
Recent activity
Propel Apps Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Venkata Ravi Jasti Teja ceased to be Director on 25 Sep 2021.
Frequently asked questions
Propel Apps is an active private limited company based in Hydernagar, Telangana, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 23 June 2017 (9+ years old) and is registered under CIN U72900TG2017PTC117889.
Propel Apps has 2 current directors:
- Gangaiah Peddisetti - Additional Director
- Sumantha Reddy Vanga - Director
The latest financial statements of Propel Apps on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Propel Apps is 36AAPCA7301Q1Z5, registered in Telangana.
The CIN (Corporate Identification Number) of Propel Apps is U72900TG2017PTC117889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propel Apps was incorporated on 23 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Propel Apps by revenue are Pass Gerhard Consulting Alliance Solutions Centre Private Limited, Interbit Solutions Private Limited, Vikmark Technologies Private Limited, Cloudare Technologies Private Limited, all in the same principal business activity (computer programming, consultancy and related activities).
Venkata Ravi Jasti Teja ceased to be Director on 25 Sep 2021. Sumantha Reddy Vanga was appointed as Director on 24 Aug 2021. Suman Balina ceased to be Director on 27 Jan 2018. Propel Apps has 4 board changes on record in total.
Propel Apps can be reached through the website algarytm.com. Its registered office is in Hydernagar, Telangana, India.
The registered office of Propel Apps is at Plot No : 16 Flat No :301 Ramamurthy Nagar Cbcid Co, Lony, Hydernagar, Telangana, India – 500072.
Propel Apps operates in the information technology industry, in the IT products retail and distribution segment.