- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-20-0009668

Provenance IT Solutions Private Limited
About Provenance IT Solutions Private Limited
Data last updated:
Provenance IT Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 04 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2016PTC102567. Its GSTIN is 36AAICP4228N1ZZ (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Karumanchi Kiran Sundeep and Venkateswarlu Pothrala.
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 Plot No: 119 – 120 Sri Saichandra Residency Flat No: 503 Madhavi Nagar Kukatpally, Hyderabad, Telangana, India – 500072.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.12 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹7.24 Lakh (net margin 6.5%) and EBITDA of ₹14.07 Lakh (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
Provenance IT Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0009668). The current compliance status is marked as compliant by the Registrar of Companies.
Recognitions & Rankings of Provenance IT Solutions
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No: 119 – 120 Sri Saichandra Residency Flat No: 503 Madhavi Nagar Kukatpally, Hyderabad, Telangana, India – 500072
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Provenance IT Solutions Private Limited
The main business activity of Provenance IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Provenance IT Solutions Private Limited FY 2024 filings available
Provenance IT Solutions Private Limited reported revenue of ₹1.12 Cr (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Provenance IT Solutions Private Limited
Revenue fell 51% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. 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 of Provenance IT Solutions Private Limited
| Metrics | FY 2024-25 | 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 | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.24 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Provenance IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Provenance IT Solutions are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Provenance IT Solutions Private Limited
Provenance IT Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karumanchi Kiran Sundeep | Director | 04 Jan 2016 | 10 Years 9 Months | Current |
| Venkateswarlu Pothrala | Director | 04 Jan 2016 | 10 Years 9 Months | Current |
| Mary Sujatha Rani Sankuru | Director | 04 Jan 2016 | 10 Years 9 Months | Current |
Peer Comparison of Provenance IT Solutions Private Limited
Provenance IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dinky Labs India Private Limited | ₹1.12 Cr (FY 2022) | •••• | •••• | 366.0% | •••• | Bangalore, Karnataka, India |
| Zepto Zetta Solutions Private Limited | ₹1.12 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Gurgaon, Haryana, India |
| Onehop Networks Private Limited | ₹1.12 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Sihl Consultancy Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Ahmedabad, Gujarat, India |
| Hidansec Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Ananthagiri, Andhra Pradesh, India |
| Provenance IT Solutions Private Limited this company | ₹1.12 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Hyderabad, Telangana, India |
| Conceptzone Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Ahmedabad, Gujarat, India |
| Teleossco Software Private Limited | ₹1.12 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Ahmedabad, Gujarat, India |
| Futurionic Private Limited | ₹1.12 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Delhi, India |
| Nimesh Computech Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bhubaneswar, Odisha, India |
| Arpad Technologies Private Limited | ₹1.12 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Provenance IT Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Provenance IT Solutions Private Limited
Provenance IT Solutions Private Limited is audited by NAGAPRAVEEN SURAMPUDI for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NAGAPRAVEEN SURAMPUDI | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Provenance IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Provenance IT Solutions Private Limited
Provenance IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Provenance IT Solutions Private Limited
Provenance IT Solutions Private Limited has a workforce of 4 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Provenance IT Solutions Private Limited
Provenance IT Solutions Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Karumanchi Kiran Sundeep was appointed as Director on 04 Jan 2016.
Credit Ratings, Litigation & Regulatory Alerts for Provenance IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Provenance IT Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Provenance IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Provenance IT Solutions Private Limited
Provenance IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICP4228N1ZZ | Telangana | Active | 29 Aug 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Provenance IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Provenance IT Solutions Private Limited
Provenance IT Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 04 January 2016 (10+ years old) and is registered under CIN U72200TG2016PTC102567.
Provenance IT Solutions reported revenue of ₹1.12 Cr for FY 2025 (down 51% YoY).
Provenance IT Solutions has 3 current directors:
- Karumanchi Kiran Sundeep - Director
- Venkateswarlu Pothrala - Director
- Mary Sujatha Rani Sankuru - Director
Provenance IT Solutions reported a net profit of ₹7.24 Lakh (net margin 6.5%) and EBITDA of ₹14.07 Lakh (EBITDA margin 12.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Provenance IT Solutions is 10% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Provenance IT Solutions is 36AAICP4228N1ZZ, registered in Telangana.
The CIN (Corporate Identification Number) of Provenance IT Solutions is U72200TG2016PTC102567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Provenance IT Solutions was incorporated on 04 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Provenance IT Solutions by revenue are Dinky Labs India Private Limited, Zepto Zetta Solutions Private Limited, Onehop Networks Private Limited, Sihl Consultancy Limited, Hidansec Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Karumanchi Kiran Sundeep was appointed as Director on 04 Jan 2016. Mary Sujatha Rani Sankuru was appointed as Director on 04 Jan 2016. Venkateswarlu Pothrala was appointed as Director on 04 Jan 2016.
Yes, Provenance IT Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-20-0009668).