Startup India Government of India
Propitious Technologies Private Limited
Propitious Technologies Private Limited - information technology in Kozhikode, Kerala, India. Directors, charges & compliance details.
Revenue · FY 2024
₹73.41 Lakh
▲ 25% YoY
Net loss · FY 2024
₹88,400
Net margin -1.2%
EBITDA · FY 2024
-₹50,400
EBITDA margin -0.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Last financials
Mar 2024
Balance sheet date
About Propitious Technologies Private Limited
Data last updated:
Propitious Technologies Private Limited is a private limited company based in Kozhikode, Kerala, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 03 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2020PTC066112.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors including Prameesh Valia Parambil (Managing Director) and Vidya Moden Parambath.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 72/1225A Raveendra Parambath House West Hill, Kozhikode, Kerala, India – 673005.
As per the financials filed for FY 2024, the company reported a revenue of ₹73.41 Lakh, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹88,400 (net margin -1.2%) and EBITDA of -₹50,400 (EBITDA margin -0.7%).
Company details
CIN U72900KL2020PTC066112
Registration Number 066112
Incorporation Date 03 December 2020
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Prameesh Valia Parambil Managing Director Vidya Moden Parambath Director Saritha Vinod Director Recognitions & Rankings of Propitious Technologies
Contact details
Propitious Technologies Private Limited's registered office is in Kozhikode, Kerala.
- Registered Address72/1225A Raveendra Parambath House West Hill, Kozhikode, Kerala, India – 673005
- IndustryInformation Technology, Other Computer Related Activities
Comprehensive company report
Propitious Technologies Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Propitious Technologies 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 Propitious Technologies Private Limited, buy the company report.
Financials of Propitious Technologies Private Limited
FY 2024 filings availablePropitious Technologies Private Limited reported revenue of ₹73.41 Lakh (up 25% YoY) for FY 2024.
Revenue · FY 2024
₹73.41 Lakh ▲ 25%
Net loss · FY 2024
₹88,400 margin -1.2%
EBITDA · FY 2024
-₹50,400 margin -0.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
EBITDA CAGR growth
1 year
▼ 109%
3 years · compounded
▼ 36%
Revenue rose 25% in the latest year. EBITDA fell 109% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
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| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹50,400 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹88,400 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
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| Inventories | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.7% | |||
| Net Profit Margin | -1.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Propitious Technologies Private Limited, buy the company report.
Board of directors of Propitious Technologies Private Limited
Propitious Technologies has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prameesh Valia Parambil Also directs: Zobhaka Solutions & Services Private Limited | Managing Director | 03 Dec 2020 | 5 Years 11 Months | Current |
| Vidya Moden Parambath Also directs: Zobhaka Solutions & Services Private Limited | Director | 03 Dec 2020 | 5 Years 11 Months | Current |
| Saritha Vinod | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Propitious Technologies 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 |
|---|---|---|---|---|---|---|
| Ignatiuz Software Private Limited | ₹73.48 Lakh (FY 2024) | -85.0% | Indore, Madhya Pradesh, India | |||
| Headway Infinity Private Limited | ₹73.48 Lakh (FY 2025) | 74.0% | Delhi, India | |||
| Bluwaves Internet Services India Private Limited | ₹73.48 Lakh (FY 2024) | 7.0% | Salem, Tamil Nadu, India | |||
| Commerx Alternate Communications Private Limited | ₹73.45 Lakh (FY 2018) | -13.0% | Bangalore, Karnataka, India | |||
| Timespade Internet Private Limited | ₹73.44 Lakh (FY 2025) | 423.0% | Kolkata, West Bengal, India | |||
| Propitious Technologies Private Limitedthis company | ₹73.41 Lakh (FY 2024) | -₹88,400 | -1.2% | 25.0% | Kozhikode, Kerala, India | |
| CMG I T Enabled Services Private Limited | ₹73.4 Lakh (FY 2016) | -78.0% | Bangalore, Karnataka, India | |||
| Technoforce IT Solutions Private Limited | ₹73.36 Lakh (FY 2024) | 220.0% | Noida, Uttar Pradesh, India | |||
| Maathra Technology and Consultancy Private Limited | ₹73.34 Lakh (FY 2025) | 41.0% | Kalamassery, Kerala, India | |||
| Sangam Couriers (Delhi) Pvt Ltd | ₹73.28 Lakh (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Digital Jockey Private Limited | ₹73.24 Lakh (FY 2025) | 267.0% | Jamshedpur, Jharkhand, India |
To see the full peer comparison of Propitious Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Propitious Technologies 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 Propitious Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Propitious Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Propitious Technologies Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Saritha Vinod was appointed as Director on 28 Apr 2022.
AGM
Propitious Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Propitious Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Appointed
Saritha Vinod was appointed as Director.
Appointed
Prameesh Valia Parambil was appointed as Managing Director.
Appointed
Vidya Moden Parambath was appointed as Director.
Incorporation
03 Dec 2020
Propitious Technologies Private Limited was registered on 03 Dec 2020 with Roc Ernakulam & aged 5 years 11 months as per MCA records.
Frequently asked questions
Propitious Technologies is an active private limited company based in Kozhikode, Kerala, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 03 December 2020 (6+ years old) and is registered under CIN U72900KL2020PTC066112.
Propitious Technologies has 3 current directors:
- Prameesh Valia Parambil - Managing Director
- Vidya Moden Parambath - Director
- Saritha Vinod - Director
The latest financial statements of Propitious Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Propitious Technologies is U72900KL2020PTC066112. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propitious Technologies was incorporated on 03 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Propitious Technologies by revenue are Ignatiuz Software Private Limited, Headway Infinity Private Limited, Bluwaves Internet Services India Private Limited, Commerx Alternate Communications Private Limited, Timespade Internet Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Saritha Vinod was appointed as Director on 28 Apr 2022. Prameesh Valia Parambil was appointed as Managing Director on 03 Dec 2020. Vidya Moden Parambath was appointed as Director on 03 Dec 2020.
Yes, Propitious Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Propitious Technologies is at 721225A Raveendra Parambath House West Hill, Kozhikode, Kerala, India – 673005.
Propitious Technologies operates in the information technology industry, in the other computer related activities segment.
Propitious Technologies can be reached at its registered office: 721225A Raveendra Parambath House West Hill, Kozhikode, Kerala, India – 673005.
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