About Praktize
Praktize was a Technology company based in Mumbai (India) founded in 2016. It provides accounting and legal practice management software. It operates on a B2B model. Its Indian entity Finatics Technology Private Limited reported revenue of ₹1.45 Cr. The company is recorded as dissolved. Its focus areas include Software, Business Management and Professional Services.
Company details
Praktize operates with a B2B model, focusing on leveraging cutting-edge technology, software, business management, and providing professional services. Provides accounting and legal practice management software. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- SectorsTechnology
- Email••••••••
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- Website praktize.com
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- Legal Name Finatics Technology Private Limited
- Date of Incorporation 09 Jan, 2012
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.45 Cr
FY 2024 · -7% YoY
- Net Loss-₹29.4 Lakh
FY 2024 · -20% margin
- EBITDA-₹31.6 Lakh
FY 2024 · -22% margin
Associated legal entities of Praktize
Praktize operates through Finatics Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finatics Technology Private Limited CIN U72300MH2012PTC225891 | Active | 09 Jan 2012 | Mumbai, Maharashtra | ₹1.5 Cr | 34 | 2 | View details |
Apps and channels of Praktize
its YouTube channel Hostnet has 1.52K subscribers and 30 videos.
Videos from Praktize
The most watched videos on Praktize's YouTube channel, Hostnet (1.52K subscribers). Click a video to play it here.
More on Hostnet.
Board of directors of Finatics Technology Private Limited (Praktize)
Finatics Technology Private Limited is the primary company behind Praktize. The board of Finatics Technology Private Limited currently have 2 directors; the longest-serving is Unmesh Madhav Nadkarni, appointed in 2012. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Unmesh Madhav Nadkarni DIN 05147071 | Director | 09 Jan 2012 | 14 yrs 9 mo | Finatics Technology Private Limited |
| Swati Unmesh Nadkarni DIN 07753346 | Director | 10 Mar 2017 | 9 yrs 7 mo | Finatics Technology Private Limited |
Financials of Praktize
Figures of Finatics Technology Private Limited, the primary company behind Praktize, for FY 2024. Revenue was ₹1.45 Cr (-7% year on year). Net loss was -₹29.4 Lakh (-20% margin). EBITDA was -₹31.6 Lakh (-22% margin). Revenue has grown at a compounded annual rate of +16% over three years and +14% over five years.
- ₹1.45 CrRevenue · FY 2024 · -7% YoY
- -₹29.4 LakhNet loss · -20% margin
- -₹31.6 LakhEBITDA · -22% margin
- ₹1 LakhPaid-up capital
- 34Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finatics Technology Private Limited are on its company page.
Detailed financial statements for Praktize
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Top companies in ERP & Enterprise Software Services
3 companies that operate in the same segment as Praktize (ERP & Enterprise Software Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers IT consulting, cloud technologies, data automation, AI, and engineering services worldwide. | 2004 | Hyderabad, Telangana, India | 895 | |||
Offers SEO and digital marketing services for business growth online. | 2006 | Delhi, Delhi, India | USD 4.36 M | 144 | ||
Provides custom software and IT services to enterprises across industries worldwide. | 2003 | Indore, Madhya Pradesh, India | USD 4.44 M | 134 |
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Frequently Asked Questions about Praktize
Praktize was founded in 2016.
Praktize is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Praktize, Finatics Technology Private Limited, reported revenue of ₹1.45 Cr for FY 2024, down 7% year on year.
Praktize operates with a B2B model, focusing on leveraging cutting-edge technology, software, business management, and providing professional services. Provides accounting and legal practice management software. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
Praktize operates through Finatics Technology Private Limited.
The legal entities of Praktize currently have 2 directors, including Unmesh Madhav Nadkarni, Swati Unmesh Nadkarni.