About Simplyprocure
Simplyprocure is a Transportation, Automotive & Logistics company. E-sourcing and industrial procurement services via reverse auctions and tenders. It operates in the Transportation, Automotive & Logistics and Technology sectors. Its Indian entity Rarelogics Infotech Private Limited reported revenue of ₹1.95 Cr. Simplyprocure offers products and services including Online Reverse Auction and E-Tender Services. Its focus areas include Logistics, Transportation, Warehousing Services and Supply Chain.
Company details
Online reverse auction and tender services have been offered by Rarelogics Infotech Private Limited since 2009, primarily catering to industrial procurement needs such as raw materials, packaging, and logistics for steel mills and OEMs. The platform, known as Simplyprocure, is ISO 9001:2015 and 27001:2013 certified, ensuring secure and standardized processes that facilitate transparent bidding and cost savings. Strict KYC and EMD norms are followed to maintain integrity, while user-friendly interfaces reduce cycle times and provide audit trails for all transactions, promoting efficient value addition in industrial sourcing.
- SectorsTransportation, Automotive & LogisticsTechnology
- Email••••••••
- Legal Name Rarelogics Infotech Private Limited
- Date of Incorporation 22 Oct, 2009
- Jurisdiction Ghaziabad, Uttar Pradesh, India
- Indian entity revenue₹1.95 Cr
FY 2024 · +75% YoY
- Indian entity net profit₹24.7 Lakh
FY 2024 · 13% margin
- Indian entity EBITDA₹43.9 Lakh
FY 2024 · 23% margin
Associated legal entities of Simplyprocure
Simplyprocure operates through Rarelogics Infotech 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 |
|---|---|---|---|---|---|---|---|
| Rarelogics Infotech Private Limited CIN U72900UP2009PTC127947 | Active | 22 Oct 2009 | Ghaziabad, Uttar Pradesh | ₹1.9 Cr | 2 | View details |
Products & Services of Simplyprocure
Simplyprocure offers a comprehensive portfolio of products and services, including Online Reverse Auction and E-Tender Services.
Online reverse auctions are conducted for competitive sourcing of raw materials and industrial supplies, ensuring transparency and cost efficiency
E-tender services are provided in a controlled environment for sealed bids, which eliminate paperwork and increase transaction speed for pre-qualified bidders
Board of directors of Rarelogics Infotech Private Limited (Simplyprocure)
Rarelogics Infotech Private Limited is the primary company behind Simplyprocure. The board of Rarelogics Infotech Private Limited currently have 2 directors; the longest-serving is Pramila Saxena, appointed in 2009. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pramila Saxena DIN 02238709 | Director | 22 Oct 2009 | 17 yrs | Rarelogics Infotech Private Limited |
| Pramod Kumar Saxena DIN 02098114 | Director | 16 May 2022 | 4 yrs 5 mo | Rarelogics Infotech Private Limited |
Financials of Simplyprocure
Figures of Rarelogics Infotech Private Limited, the primary company behind Simplyprocure, for FY 2024. Revenue was ₹1.95 Cr (+75% year on year). Net profit was ₹24.7 Lakh (13% margin). EBITDA was ₹43.9 Lakh (23% margin). Revenue has grown at a compounded annual rate of +79% over three years and +38% over five years.
- ₹1.95 CrRevenue · FY 2024 · +75% YoY
- ₹24.7 LakhNet profit · 13% margin
- ₹43.9 LakhEBITDA · 23% margin
- ₹1 LakhPaid-up capital
- +79%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rarelogics Infotech Private Limited are on its company page.
Detailed financial statements for Simplyprocure
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Frequently Asked Questions about Simplyprocure
The primary company behind Simplyprocure, Rarelogics Infotech Private Limited, reported revenue of ₹1.95 Cr for FY 2024, up 75% year on year.
Online reverse auction and tender services have been offered by Rarelogics Infotech Private Limited since 2009, primarily catering to industrial procurement needs such as raw materials, packaging, and logistics for steel mills and OEMs. The platform, known as Simplyprocure, is ISO 9001:2015 and 27001:2013 certified, ensuring secure and standardized processes that facilitate transparent bidding and cost savings. Strict KYC and EMD norms are followed to maintain integrity, while user-friendly interfaces reduce cycle times and provide audit trails for all transactions, promoting efficient value addition in industrial sourcing.
Simplyprocure offers Online Reverse Auction and E-Tender Services.
Simplyprocure operates through Rarelogics Infotech Private Limited.
The legal entities of Simplyprocure currently have 2 directors, including Pramila Saxena, Pramod Kumar Saxena.