Pioneer Itech Private Limited
About Pioneer Itech Private Limited
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Pioneer Itech Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 22 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN1998PTC040857.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Naganathan Ilangovan (Managing Director) and Gayathri Ilangovan.
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 50 – 51 East Veli Streetmadurai.625001 Madurai.625001, Tamil Nadu, India – 625001.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.67 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14,825 (net margin -2.6%) and EBITDA of -₹11,476 (EBITDA margin -2%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹6 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pioneer Itech Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address50 – 51 East Veli Streetmadurai.625001 Madurai.625001, Tamil Nadu, India – 625001
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution, Industrial Machinery Manufacturing
To see the full contact details of Pioneer Itech Private Limited, buy the company report.
- 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
Business activity
The main business activity of Pioneer Itech is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Pioneer Itech Private Limited, buy the company report.
Financials of Pioneer Itech Private Limited
FY 2024 filings availablePioneer Itech Private Limited reported revenue of ₹5.67 Lakh (up 204% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 204% growth 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 |
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| EBITDA | -₹11,476 | ||||
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| Net Profit (PAT) | -₹14,825 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -2% | ||||
| Net Profit Margin | -2.6% | ||||
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To see the full financial statements and ratios of Pioneer Itech Private Limited, buy the company report.
Board of directors of Pioneer Itech Private Limited
Pioneer Itech has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naganathan Ilangovan | Managing Director | 22 Jul 1998 | 28 Years 3 Months | Current |
| Gayathri Ilangovan | Director | 24 Jun 2009 | 17 Years 4 Months | Current |
Shareholding
The shareholding of Pioneer Itech Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pioneer Itech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2010 | 10218056 | Corporation Bank | ₹6 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pioneer Itech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pioneer Itech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Pioneer Itech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pioneer Itech Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Naganathan Vasantha ceased to be Director on 27 Jun 2009.
Frequently asked questions
Pioneer Itech is an active private limited company based in Madurai, Tamil Nadu, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 22 July 1998 (28+ years old) and is registered under CIN U72300TN1998PTC040857.
Pioneer Itech has 2 current directors:
- Naganathan Ilangovan - Managing Director
- Gayathri Ilangovan - Director
The latest financial statements of Pioneer Itech 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Pioneer Itech is U72300TN1998PTC040857. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Itech was incorporated on 22 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
Naganathan Vasantha ceased to be Director on 27 Jun 2009. Gayathri Ilangovan was appointed as Director on 24 Jun 2009. Naganathan Ilangovan was appointed as Managing Director on 22 Jul 1998.
The registered office of Pioneer Itech is at 50 – 51 East Veli Streetmadurai.625001 Madurai.625001, Tamil Nadu, India – 625001.
Pioneer Itech operates in the machinery and equipment industry, in the industrial products retail and distribution segment.
Pioneer Itech has open charges of ₹6 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of Pioneer Itech is compliant as of 17 September 2026. The company is actively filing with the Registrar of Companies.
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