About Prov Infotech Systems Private Limited
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Prov Infotech Systems Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Prov Cyprus Ltd, Cyprus. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 13 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74990TN2010FTC077003. Its GSTIN is 33AAFCP6125R1Z0 (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ajit Sivasankaran Nair and Rama Satya Naga Srinivas Anand Yalamarty.
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 Rmz Millennia Business Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.22 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.64 Cr (net margin 11.5%) and EBITDA of ₹6.52 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 8% over five years.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website provintl.com.
Company details
Contact details
Prov Infotech Systems Private Limited's registered office is in Chennai, Tamil Nadu. Its website is provintl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRmz Millennia Business Park Campus 5, Building 143 Dr. Mgr Road Sholinganallur, Chennai, Tamil Nadu, India – 600096
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Prov Infotech Systems 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 Prov Infotech Systems 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 | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Prov Infotech Systems Private Limited, buy the company report.
Financials of Prov Infotech Systems Private Limited
FY 2024 filings availableProv Infotech Systems Private Limited reported revenue of ₹40.22 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 2% growth in the latest year. EBITDA fell 2% 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 | FY 2019-20 |
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| EBITDA | ₹6.52 Cr | ||||
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| Net Profit (PAT) | ₹4.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 11.5% | ||||
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To see the full financial statements and ratios of Prov Infotech Systems Private Limited, buy the company report.
Board of directors of Prov Infotech Systems Private Limited
Prov Infotech Systems has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Sivasankaran Nair | Director | 13 Aug 2010 | 16 Years 2 Months | Current |
| Rama Satya Naga Srinivas Anand Yalamarty | Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Sridhar Ramaswamy | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Prov Infotech Systems Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Jayam Solutions Private Limited | ₹40.37 Cr (FY 2025) | 31.0% | Hyderabad, Telangana, India | |||
| Aircom International (India) Private Limited | ₹40.34 Cr (FY 2025) | 96.0% | New Delhi, Delhi, India | |||
| Sensiple Software Solutions Private Limited | ₹40.33 Cr (FY 2025) | -13.0% | Chennai, Tamil Nadu, India | |||
| Boston Harbor Consulting Private Limited | ₹40.23 Cr (FY 2024) | -21.0% | Chennai, Tamil Nadu, India | |||
| Prov Infotech Systems Private Limitedthis company | ₹40.22 Cr (FY 2024) | ₹4.64 Cr | 11.5% | 2.0% | Chennai, Tamil Nadu, India | |
| K-Logix Partnering Solutions Private Limited | ₹40.19 Cr (FY 2025) | 141.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Achala IT Solutions Private Limited | ₹40.15 Cr (FY 2024) | 27.0% | Hyderabad, Telangana, India | |||
| Instem India Private Limited | ₹40.13 Cr (FY 2024) | 31.0% | Pune, Maharashtra, India | |||
| Quantum Business Advisory Private Limited | ₹40.1 Cr (FY 2023) | 246.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Prov Infotech Systems Private Limited, buy the company report.
Auditor
Prov Infotech Systems Private Limited is audited by SANJAY KADEL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY KADEL & CO | FY 2023 | 010651S |
Shareholding
The shareholding of Prov Infotech Systems 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 Prov Infotech Systems Private Limited, buy the company report.
Legal cases
Prov Infotech Systems Private Limited has 2 court cases on record: 2 filed by Prov Infotech Systems. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chengalpattu, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Prov Infotech Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prov Infotech Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prov Infotech Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCP6125R1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prov Infotech Systems Private Limited, buy the company report.
Recent activity
Prov Infotech Systems Private Limited has 7 board changes on record since 2010: 3 appointments and 4 cessations. The latest: Sridhar Ramaswamy ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Prov Infotech Systems is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in computer programming, within the information technology industry. It was incorporated on 13 August 2010 (16+ years old) and is registered under CIN U74990TN2010FTC077003.
Prov Infotech Systems has 3 current directors:
- Ajit Sivasankaran Nair - Director
- Rama Satya Naga Srinivas Anand Yalamarty - Director
- Sridhar Ramaswamy - Director
The latest financial statements of Prov Infotech Systems 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 2015 are in the company report.
The GSTIN of Prov Infotech Systems is 33AAFCP6125R1Z0, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Prov Infotech Systems is U74990TN2010FTC077003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prov Infotech Systems has 2 court cases on record: 2 filed by the company. 1 is pending.
Prov Infotech Systems was incorporated on 13 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Prov Infotech Systems by revenue are Jayam Solutions Private Limited, Aircom International (India) Private Limited, Sensiple Software Solutions Private Limited, Boston Harbor Consulting Private Limited, K-Logix Partnering Solutions Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Sridhar Ramaswamy ceased to be Additional Director on 31 Dec 2020. Mahendravadi Ramachandran Venkatesan ceased to be Director on 02 Mar 2020. Sridhar Ramaswamy was appointed as Director on 02 Mar 2020. Prov Infotech Systems has 7 board changes on record in total.
Prov Infotech Systems can be reached through the website provintl.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Prov Infotech Systems is at Rmz Millennia Business Park Campus 5, Building 143 Dr. Mgr Road Sholinganallur, Chennai, Tamil Nadu, India – 600096.