India's Richest People 2026 edition · 1 director · Source: Hurun India
- #62 Sridhar Pinnapureddy & family ₹46,100 Cr
Revenue · FY 2024
₹168.65 Cr
▲ 25% YoY
Net profit · FY 2024
₹16.21 Cr
Net margin 9.6%
EBITDA · FY 2024
₹28.14 Cr
EBITDA margin 16.7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.34 Cr
Issued & subscribed
Open charges
₹6,451.64 Cr
Satisfied ₹1,689.5 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
118
Provident fund records
About Pioneer Elabs Limited
Data last updated:
Pioneer Elabs Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 18 December 1998 and has been in existence for over 28 years.
Its director Sridhar Pinnapureddy and family are #62 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG1998PLC030728. Its GSTIN is 36AACCP0461F1ZR (Telangana). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.34 Cr. It was formerly known as Pioneer Online Limited and Pioneer Online Limited. It is led by directors including Pinnapureddy Sridhar Reddy and Pinnapureddi Mohan Reddy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground Floor Pioneer Towers Plot No.16 Madhapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2024, the company reported a revenue of ₹168.65 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹16.21 Cr (net margin 9.6%) and EBITDA of ₹28.14 Cr (EBITDA margin 16.7%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 22% over five years.
The company has about 118 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Pioneer Elabs and Pioneer Online. As per MCA filings, the company has open charges of ₹6,451.64 Cr and satisfied charges of ₹1,689.5 Cr on record. Court records list 431 cases involving the company, including 17 filed by the company and 414 filed against it; 77 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.9 Cr; the latest was in August 2021. Its 3 peer companies in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities) are compared by revenue, 2 larger and 1 smaller; the largest is Quadrant Televentures Limited with revenue of ₹273.98 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pioneerelabs.com.
Company details
CIN U72900TG1998PLC030728
Registration Number 030728
Incorporation Date 18 December 1998
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Pioneer Elabs has undergone 3 name changes throughout its history. The company was previously known as Pioneer Online Limited, Pioneer Online Limited, and Pioneer Online Private Limited. The current legal name is Pioneer Elabs Limited.
| Company Name | Status |
|---|---|
| Pioneer Elabs Limited | Current |
| Pioneer Online Limited | Previous |
| Pioneer Online Limited | Previous |
| Pioneer Online Private Limited | Previous |
CIN history
Pioneer Elabs has one previous CIN (Corporate Identification Number): U72900AP1998PLC030728. The current CIN is U72900TG1998PLC030728, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TG1998PLC030728 | Current |
| U72900AP1998PLC030728 | Previous |
Key People
Pinnapureddy Sridhar Reddy Director Pinnapureddi Mohan Reddy Director Ravulakollu Subramanya Prasadrao Director Recognitions & Rankings of Pioneer Elabs
Contact details
Pioneer Elabs Limited's registered office is in Hyderabad, Telangana. Its website is pioneerelabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Pioneer Towers Plot No.16 Madhapur, Hyderabad, Telangana, India – 500081
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Pioneer Elabs Limited, buy the company report.
Comprehensive company report
Pioneer Elabs Limited - one report that includes everything
- 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
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Brands
Pioneer Elabs operates two associated brands: Pioneer Elabs and Pioneer Online. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services in Maine. | pioneer.co.in | |
| Broadband services are supplied to users in Hyderabad, India. | pioneeronline.com |
Business activity
The main business activity of Pioneer Elabs is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Pioneer Elabs Limited, buy the company report.
Financials of Pioneer Elabs Limited
FY 2025 filings availablePioneer Elabs Limited reported revenue of ₹168.65 Cr (up 25% YoY) for FY 2024.
Revenue · FY 2024
₹168.65 Cr ▲ 25%
Net profit · FY 2024
₹16.21 Cr margin 9.6%
EBITDA · FY 2024
₹28.14 Cr margin 16.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 32%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 27%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 25% growth in the latest year. EBITDA rose 28% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹168.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.21 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.7% | ||||
| Net Profit Margin | 9.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pioneer Elabs Limited, buy the company report.
Board of directors of Pioneer Elabs Limited
Pioneer Elabs has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinnapureddy Sridhar Reddy | Director | 18 Dec 1998 | 27 Years 10 Months | Current |
| Pinnapureddi Mohan Reddy | Director | 29 Mar 1999 | 27 Years 7 Months | Current |
| Ravulakollu Subramanya Prasadrao | Director | 21 Nov 2023 | 2 Years 11 Months | Current |
| Usha Bala Kesam Also directs: CTRL S Datacenters Limited, K U B Soft Solutions Private Limited | Director | 24 May 2022 | 4 Years 5 Months | Current |
| Rajani Reddy Pinnapureddy Also directs: Lattice Energy Private Limited, CTRL S Airoli Private Limited, CTRL S Connectivity Solutions Private Limited and 5 more | Director | 20 Jan 2017 | 9 Years 9 Months | Current |
Peer comparison
Pioneer Elabs Limited is compared with the 3 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quadrant Televentures Limited | ₹273.98 Cr (FY 2024) | -32.0% | Aurangabad, Maharashtra, India | |||
| Tikona Infinet Private Limited | ₹221.49 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Gujarat Fibre Grid Network Limited | ₹188.79 Cr (FY 2024) | 34.0% | Gandhinagar, Gujarat, India | |||
| Pioneer Elabs Limitedthis company | ₹168.65 Cr (FY 2024) | ₹16.21 Cr | 9.6% | 25.0% | 118 | Hyderabad, Telangana, India |
To see the full peer comparison of Pioneer Elabs Limited, buy the company report.
Auditor
Pioneer Elabs Limited is audited by PVKR&ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PVKR&ASSOCIATES | FY 2024 | 12676S |
Shareholding
The shareholding of Pioneer Elabs Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pioneer Elabs Limited, buy the company report.
Charges & borrowings
Open charges
₹6,451.64 Cr
Satisfied charges
₹1,689.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2026 | 101384872 | Others | ₹80 Cr | Open | |
| 03 Jul 2026 | 101342371 | Hdfc Bank Limited | ₹20.16 Lakh | Open | |
| 29 May 2026 | 101317539 | Hdfc Bank Limited | ₹20.16 Lakh | Open | |
| 27 May 2026 | 101307259 | Others | ₹3,800 Cr | Open | |
| 27 Nov 2025 | 101202796 | Indian Bank | ₹283 Cr | Open |
To see the full charge records of Pioneer Elabs Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Pioneer Elabs Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.9 Cr; the latest was in August 2021.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1.9 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: Om Sai Infosoft Private Limited , Pioneer Integrated Networks Solutions Private Limited , 2 individuals Seller: 4 individuals |
| Apr 2008 | Funding round | ₹90 Lakh | Investors: PSR Holdings Private Limited , Rayon Marketing and Management Services Private Limited |
| Mar 2006 | Funding round | ₹1 Cr | Investors: Pol Publishers Private Limited , Pioneer Integrated Networks Solutions Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pioneer Elabs Limited has 431 court cases on record: 17 filed by Pioneer Elabs, 414 filed against it. 77 cases are pending and 354 are disposed.
Total cases
431
Filed by the company
17
Filed against the company
414
Pending
77
Disposed
354
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 418 | 411 | 76 |
| District courts | 13 | 3 | 1 |
Cases on record (5 of 431)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Original application | Filed against the company by KVN Productions LLP | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by KVN Productions LLP | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by Stage 5 Production LLP | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by Reliance Industries Limited | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by Applause Entertainment Private Limited | Pending |
To see the full case history of Pioneer Elabs 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.
Credit ratings & regulatory alerts
Pioneer Elabs Limited was last rated by Icra on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Pioneer Elabs Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pioneer Elabs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pioneer Elabs has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Schnabel DC Consultants India Private Limited | U74140KA2007PTC043779 |
To see the full group structure of Pioneer Elabs Limited, buy the company report.
Employees & EPFO
Pioneer Elabs Limited has a workforce of 118 employees on its EPFO records as of Aug 05, 2025, across 1 active EPFO establishment.
Employee count
118
Active EPFO establishments
1
Employee growth
7.27%
GST
Pioneer Elabs has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
8
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCP0461F1ZR | Telangana | Active | 01 Jul 2017 |
| 36AACCP0461F2ZQ | Telangana | Active | 24 Apr 2025 |
| 37AACCP0461F2ZO | Andhra Pradesh | Active | 17 Aug 2017 |
| 27AACCP0461F1ZQ | Maharashtra | Active | 31 Oct 2017 |
To see the full GST registrations and return filing status of Pioneer Elabs Limited, buy the company report.
Recent activity
Pioneer Elabs Limited has 11 board changes on record since 1998: 5 appointments and 6 cessations. The latest: Ravulakollu Subramanya Prasadrao was appointed as Director on 21 Nov 2023.
Charges
A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101384872 was registered on 04 Aug 2026.
Charges
A charge with Indian Bank of Rs. 283.00 Cr registered on 27 Nov 2025 with Charge ID 101202796 was modified on 04 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101342371 was registered on 03 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101317539 was registered on 29 May 2026.
Charges
A charge with Others amounted to Rs. 3,800.00 Cr with Charge ID 101307259 was registered on 27 May 2026.
Charges
A charge registered on 07 Sep 2019 via Charge ID 100290558 with Axis Bank Limited was fully satisfied on 26 Mar 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101219967 was registered on 27 Nov 2025.
Charges
A charge with Indian Bank amounted to Rs. 283.00 Cr with Charge ID 101202796 was registered on 27 Nov 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 145.00 Cr registered on 25 Jul 2025 with Charge ID 101156354 was modified on 27 Nov 2025.
AGM
Pioneer Elabs Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 06 Dec 2022 via Charge ID 100651686 with Others was fully satisfied on 30 Sep 2025.
Charges
A charge with Indian Bank amounted to Rs. 190.00 Cr with Charge ID 101168434 was registered on 23 Sep 2025.
58 earlier events are in the company report.
Frequently asked questions
Pioneer Elabs is an active public limited company based in Hyderabad, Telangana, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 18 December 1998 (28+ years old) and is registered under CIN U72900TG1998PLC030728.
Pioneer Elabs has 5 current directors:
- Pinnapureddy Sridhar Reddy - Director
- Pinnapureddi Mohan Reddy - Director
- Ravulakollu Subramanya Prasadrao - Director
- Usha Bala Kesam - Director
- Rajani Reddy Pinnapureddy - Director
The latest financial statements of Pioneer Elabs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pioneer Elabs is 36AACCP0461F1ZR, registered in Telangana. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 36AACCP0461F2ZQ (Telangana), 37AACCP0461F2ZO (Andhra Pradesh), 27AACCP0461F1ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Pioneer Elabs is U72900TG1998PLC030728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Elabs has 431 court cases on record: 17 filed by the company and 414 filed against it. 77 are pending. Most are in the high courts.
Pioneer Elabs was incorporated on 18 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pioneer Elabs has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.9 Cr; the latest was in August 2021.
The peers of Pioneer Elabs by revenue are Quadrant Televentures Limited, Tikona Infinet Private Limited, Gujarat Fibre Grid Network Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Ravulakollu Subramanya Prasadrao was appointed as Director on 21 Nov 2023. Usha Bala Kesam was appointed as Director on 24 May 2022. Raji Reddy Kaidapuram ceased to be Director on 31 Mar 2018. Pioneer Elabs has 11 board changes on record in total.
Pioneer Elabs can be reached through the website pioneerelabs.com. Its registered office is in Hyderabad, Telangana, India.
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