Proventusbusiness Solutions Private Limited
About Proventusbusiness Solutions Private Limited
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Proventusbusiness Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2015PTC083124. Its GSTIN is 29AAICP3109J1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Palanisamy Yuvaraj (Managing Director) and Ayemperumal Rani Maheshini.
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 No 4/19 20th Main Maruthi Nagar Main Road Venkateswara Layout Btm 1st Stage, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹100 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.02 Lakh (net margin -8%) and EBITDA of -₹7.85 Lakh (EBITDA margin -7.9%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 34% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Proventusbusiness Solutions has one previous CIN (Corporate Identification Number): U74900KA2015PTC083124. The current CIN is U72100KA2015PTC083124, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100KA2015PTC083124 | Current |
| U74900KA2015PTC083124 | Previous |
Contact details
Proventusbusiness Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 4/19 20th Main Maruthi Nagar Main Road Venkateswara Layout Btm 1st Stage, Bangalore, Karnataka, India – 560068
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Proventusbusiness Solutions 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 Proventusbusiness Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Proventusbusiness Solutions Private Limited, buy the company report.
Financials of Proventusbusiness Solutions Private Limited
FY 2024 filings availableProventusbusiness Solutions Private Limited reported revenue of ₹100 Lakh (up 1979% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years. EBITDA rose 72% 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 | -₹7.85 Lakh | ||||
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| Net Profit (PAT) | -₹8.02 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | -7.9% | ||||
| Net Profit Margin | -8% | ||||
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To see the full financial statements and ratios of Proventusbusiness Solutions Private Limited, buy the company report.
Board of directors of Proventusbusiness Solutions Private Limited
Proventusbusiness Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayemperumal Rani Maheshini | Director | 22 Dec 2020 | 5 Years 10 Months | Current |
| Natarajan Chellarani | Additional Director | 22 Dec 2020 | 5 Years 10 Months | Current |
| Palanisamy Yuvaraj | Managing Director | 05 Oct 2015 | 11 Years 0 Months | Current |
Auditor
Proventusbusiness Solutions Private Limited is audited by Bhagat & Kumar for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhagat & Kumar | FY 2023 | 019333S |
Shareholding
The shareholding of Proventusbusiness Solutions 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 Proventusbusiness Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proventusbusiness Solutions 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 Proventusbusiness Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Proventusbusiness Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP3109J1Z8 | Karnataka | Active | 25 Jan 2021 |
To see the full GST registrations and return filing status of Proventusbusiness Solutions Private Limited, buy the company report.
Recent activity
Proventusbusiness Solutions Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Ayemperumal Rani Maheshini was appointed as Director on 22 Dec 2020.
Frequently asked questions
Proventusbusiness Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 05 October 2015 (11+ years old) and is registered under CIN U72100KA2015PTC083124.
Proventusbusiness Solutions has 3 current directors:
- Palanisamy Yuvaraj - Managing Director
- Ayemperumal Rani Maheshini - Director
- Natarajan Chellarani - Additional Director
The latest financial statements of Proventusbusiness Solutions 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 2016 are in the company report.
The GSTIN of Proventusbusiness Solutions is 29AAICP3109J1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Proventusbusiness Solutions is U72100KA2015PTC083124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proventusbusiness Solutions was incorporated on 05 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Ayemperumal Rani Maheshini was appointed as Director on 22 Dec 2020. Natarajan Chellarani was appointed as Additional Director on 22 Dec 2020. Palanisamy Yuvaraj ceased to be Director on 22 Dec 2020. Proventusbusiness Solutions has 5 board changes on record in total.
The registered office of Proventusbusiness Solutions is at No 419 20th Main Maruthi Nagar Main Road Venkateswara Layout Btm 1st Stage, Bangalore, Karnataka, India – 560068.
Proventusbusiness Solutions operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Proventusbusiness Solutions is compliant as of 13 July 2026. The company is actively filing with the Registrar of Companies.
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