Startup India Government of India
Pannaga Nextech Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹23.2 Lakh
Latest filing
Net profit · FY 2023
₹48,436
Net margin 2.1%
EBITDA · FY 2023
-₹8.3 Lakh
EBITDA margin -35.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4 Lakh
Secured borrowings
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
About Pannaga Nextech Private Limited
Data last updated:
Pannaga Nextech Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 December 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022PTC169070. Its GSTIN is 29AANCP4388G1ZR (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohan Rao Rukmangada and Sarala Ramachandrappa.
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 Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹23.2 Lakh. For the same year it recorded a net profit of ₹48,436 (net margin 2.1%) and EBITDA of -₹8.3 Lakh (EBITDA margin -35.8%).
The company is associated with 1 brand: Pannaga. As per MCA filings, the company has open charges of ₹4 Lakh on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 3 cases are pending.
Pannaga Nextech Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0228737). For more details, the company can be reached via its website pannaga.in.
Company details
CIN U72900KA2022PTC169070
Registration Number 169070
Incorporation Date 15 December 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0228737
Recognitions & Rankings of Pannaga Nextech
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0228737
Contact details
Pannaga Nextech Private Limited's registered office is in Bangalore, Karnataka. Its website is pannaga.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.10 Second Floor Bheru Mansion 7, Gandhibazar Basavanagudi, Bangalore, Karnataka, India – 560001
- IndustryInformation Technology, IT Consulting & Support Services, IT Infrastructure Management & Services
To see the full contact details of Pannaga Nextech Private Limited, buy the company report.
Comprehensive company report
Pannaga Nextech Private 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
Pannaga Nextech operates one associated brand: Pannaga. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT system integration, security, and infrastructure solutions to enterprises. | pannaga.in |
Financials of Pannaga Nextech Private Limited
FY 2024 filings availablePannaga Nextech Private Limited reported revenue of ₹23.2 Lakh for FY 2023.
Revenue · FY 2023
₹23.2 Lakh
Net profit · FY 2023
₹48,436 margin 2.1%
EBITDA · FY 2023
-₹8.3 Lakh margin -35.8%
Financial Statement Summary
| Metrics | FY 2022-23 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹23.2 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹8.3 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹48,436 |
| 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 2022-23 |
|---|---|
| Profitability | |
| EBITDA Margin | -35.8% |
| Net Profit Margin | 2.1% |
| 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 Pannaga Nextech Private Limited, buy the company report.
Board of directors of Pannaga Nextech Private Limited
Pannaga Nextech has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Rao Rukmangada Also directs: Vibudh Infosol Private Limited | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
| Sarala Ramachandrappa | Director | 15 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Pannaga Nextech Private Limited is audited by K V N PHANENDRA REDDY & ASOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K V N PHANENDRA REDDY & ASOCIATES | FY 2023 | 247960 |
Shareholding
The shareholding of Pannaga Nextech Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Pannaga Nextech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2024 | 101007972 | Others | ₹4 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Pannaga Nextech Private Limited has 7 court cases on record: 1 filed by Pannaga Nextech, 6 filed against it. 3 cases are pending and 4 are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Essgi Infotech Pvt Ltd Repd by Subramanya S Hegde | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Essgi Infotech Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Essgi Infotech Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Essgi Infotech Pvt Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Beetel Teletech Limited | Disposed |
To see the full case history of Pannaga Nextech Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pannaga Nextech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pannaga Nextech Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Pannaga Nextech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCP4388G1ZR | Karnataka | Active | 05 Jan 2023 |
To see the full GST registrations and return filing status of Pannaga Nextech Private Limited, buy the company report.
Recent activity
Pannaga Nextech Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Mohan Rao Rukmangada was appointed as Director on 15 Dec 2022.
Charges
A charge with Others amounted to Rs. 4.00 Lakh with Charge ID 101007972 was registered on 31 Oct 2024.
AGM
Pannaga Nextech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pannaga Nextech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Mohan Rao Rukmangada was appointed as Director.
Appointed
Sarala Ramachandrappa was appointed as Director.
Incorporation
15 Dec 2022
Pannaga Nextech Private Limited was registered on 15 Dec 2022 with Roc Bangalore & aged 3 years 10 months as per MCA records.
Frequently asked questions
Pannaga Nextech is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 15 December 2022 (4+ years old) and is registered under CIN U72900KA2022PTC169070.
Pannaga Nextech has 2 current directors:
- Mohan Rao Rukmangada - Director
- Sarala Ramachandrappa - Director
The latest financial statements of Pannaga Nextech 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 2023 are in the company report.
The GSTIN of Pannaga Nextech is 29AANCP4388G1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Pannaga Nextech is U72900KA2022PTC169070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pannaga Nextech has 7 court cases on record: 1 filed by the company and 6 filed against it. 3 are pending.
Pannaga Nextech was incorporated on 15 December 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Mohan Rao Rukmangada was appointed as Director on 15 Dec 2022. Sarala Ramachandrappa was appointed as Director on 15 Dec 2022.
Yes, Pannaga Nextech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Pannaga Nextech is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0228737).