About Nichepro Technologies Private Limited
Data last updated:
Nichepro Technologies Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Teamlease Staffing Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 June 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2008PTC116062. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹14.97 Cr and a paid-up capital of ₹6.89 Cr. It was formerly known as Nichepro Staffing Private Limited and Nichepro Consulting Private Limited. It was led by directors including Sudhir Bahadur Bajpai and Shilpa Kamlesh Avarsekar.
Its last annual general meeting (AGM) was held on 22 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at #58 Karishma Building 3rd Floor Nungambakkam High Road, Chennai, Tamil Nadu, India – 600034.
As per the financials filed for FY 2017, the company reported a revenue of ₹23.24 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹3.2 Cr (net margin -13.8%) and EBITDA of -₹7.34 Cr (EBITDA margin -31.6%).
The company had about 161 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Nichepro Technologies. As per MCA filings, the company had satisfied charges of ₹7.55 Cr on record. The company has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.5 Cr; the latest was in December 2016. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Neova Solutions Private Limited with revenue of ₹23.28 Cr.
The last known website on record is nicheprotechnologies.com.
Name History
Nichepro Technologies has undergone 2 name changes throughout its history. The company was previously known as Nichepro Staffing Private Limited, and Nichepro Consulting Private Limited. The current legal name is Nichepro Technologies Private Limited.
| Company Name | Status |
|---|---|
| Nichepro Technologies Private Limited | Current |
| Nichepro Staffing Private Limited | Previous |
| Nichepro Consulting Private Limited | Previous |
CIN History
Nichepro Technologies has one previous CIN (Corporate Identification Number): U72900KA2008PTC046896. The current CIN is U72900TN2008PTC116062, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TN2008PTC116062 | Current |
| U72900KA2008PTC046896 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address#58 Karishma Building 3rd Floor Nungambakkam High Road, Chennai, Tamil Nadu, India – 600034
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands
Nichepro Technologies operates one associated brand: Nichepro Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Custom IT services including application development and testing are provided. | nicheprotechnologies.com |
Business Activity
The main business activity of Nichepro Technologies 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
Financials of Nichepro Technologies Private Limited
FY 2017 filings availableNichepro Technologies Private Limited reported revenue of ₹23.24 Cr (down 17% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year. EBITDA fell 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2014-15 to FY 2015-16in the company report |
|---|---|---|
| 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 | -₹7.34 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹3.2 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 2016-17 | FY 2014-15 to FY 2015-16in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -31.6% | |
| Net Profit Margin | -13.8% | |
| 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, and every line for FY 2014-15 to FY 2015-16, 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 Nichepro Technologies are in the company report.
: available in the company report
Board of Directors of Nichepro Technologies Private Limited
Nichepro Technologies has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Bahadur Bajpai | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
| Shilpa Kamlesh Avarsekar Also directs: National Employability Apprenticeship Services | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
| Narayanaswamy Ravi Vishwanath Also directs: Rakksha Management Consultants LLP, Oceanic Sports Management LLP, Sri Vidya Mandir Education Foundation and 1 more | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
| Ashok Kumar Nedurumalli Also directs: Ned Consultants LLP, Teamlease Services Limited, Dihea Products India Private Limited and 2 more | Director | 01 Oct 2016 | 10 Years 0 Months | As last reported |
Peer Comparison
Nichepro Technologies 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 |
|---|---|---|---|---|---|---|
| Neova Solutions Private Limited | ₹23.28 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Pune, Maharashtra, India |
| Liftlab Analytics Private Limited | ₹23.27 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Hyderabad, Telangana, India |
| Ilantus Services Private Limited | ₹23.26 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Bangalore, Karnataka, India |
| Corent Technology Private Limited | ₹23.26 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Alept Consulting Private Limited | ₹23.25 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Nichepro Technologies Private Limited this company | ₹23.24 Cr (FY 2017) | •••• | •••• | -17.0% | •••• | Chennai, Tamil Nadu, India |
| Kody Technolab Limited | ₹23.23 Cr (FY 2024) | •••• | •••• | 109.0% | •••• | Ahmedabad, Gujarat, India |
| Emvigo Technologies Private Limited | ₹23.22 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Ernakulam, Kerala, India |
| Sais IT Services India Private Limited | ₹23.17 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Hyderabad, Telangana, India |
| Adesso India Private Limited | ₹23.13 Cr (FY 2025) | •••• | •••• | 202.0% | •••• | Kanayannur, Kerala, India |
| Ember Technologies Private Limited | ₹23.12 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Nichepro Technologies by revenue, above and below it, 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
Nichepro Technologies Private Limited is audited by Venugopal Bhat & Co. for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Venugopal Bhat & Co. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jan 2013 | Canara Bank | ₹40 Lakh | Satisfied |
| 24 Sep 2011 | Canara Bank | ₹5.45 Lakh | Satisfied |
| 25 Apr 2011 | Canara Bank | ₹60 Lakh | Satisfied |
| 30 Mar 2010 | Canara Bank | ₹6.5 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding
Nichepro Technologies Private Limited has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.5 Cr; the latest was in December 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Funding round | ₹2.5 Cr | Investors: Teamlease Digital Private Limited |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Teamlease Digital Private Limited Seller: 2 individuals |
| Mar 2015 | Acquisition | ₹13 Cr | Buyer: Canbank Ventures |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance
Nichepro Technologies Private Limited has a workforce of 161 employees as of Apr 09, 2024.
: available in the company report
Recent Activity
Nichepro Technologies Private Limited has 12 board changes on record since 2016: 4 appointments and 8 cessations. The latest: Ashok Kumar Nedurumalli ceased to be Additional Director on 29 Oct 2016.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Nichepro Technologies has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Nichepro Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Nichepro Technologies was a private limited company based in Chennai, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 25 June 2008 and is registered under CIN U72900TN2008PTC116062. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nichepro Technologies was incorporated on 25 June 2008. It is registered with the Registrar of Companies, Chennai.
Nichepro Technologies had 4 directors:
- Sudhir Bahadur Bajpai - Director
- Shilpa Kamlesh Avarsekar - Director
- Narayanaswamy Ravi Vishwanath - Director
- Ashok Kumar Nedurumalli - Director
The CIN (Corporate Identification Number) of Nichepro Technologies is U72900TN2008PTC116062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nichepro Technologies is at #58 Karishma Building 3rd Floor Nungambakkam High Road, Chennai, Tamil Nadu, India – 600034.
Nichepro Technologies can be reached through the website nicheprotechnologies.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Nichepro Technologies on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 August 2017. Year-wise statements from 2015 are in the company report.
No. Nichepro Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
Nichepro Technologies operated in the information technology industry, in the IT consulting and support services segment.
Nichepro Technologies has 3 deals on record (1 acquisition, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.5 Cr; the latest was in December 2016.