About Pioneer Tech Solutions Private Limited
Data last updated:
Pioneer Tech Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial control valves and systems segment of the machinery and industrial equipment sector. It was incorporated on 16 January 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U30007TN2008PTC066084. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹10.93 Lakh. It was led by directors Venkatesan Sambandam (Managing Director) and Padmavathy Venkatesan.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at No.40 Sapthagiri Colony Jafferkhanpet, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2020, the company reported a revenue of ₹21.05 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹15.76 Lakh (net margin -74.9%) and EBITDA of ₹12.05 Lakh (EBITDA margin 57.3%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 39% over five years.
The company had about 25 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹2.74 Cr on record.
The last known website on record is crewpl.com.
Company details
Contact details
Pioneer Tech Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is crewpl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.40 Sapthagiri Colony Jafferkhanpet, Chennai, Tamil Nadu, India – 600083
- IndustryMachinery and Equipment, Industrial Control Valves & Systems
To see the full contact details of Pioneer Tech Solutions 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 Tech Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Pioneer Tech Solutions Private Limited, buy the company report.
Financials of Pioneer Tech Solutions Private Limited
FY 2020 filings availablePioneer Tech Solutions Private Limited reported revenue of ₹21.05 Lakh (down 78% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 78% fall in the latest year. EBITDA fell 51% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.05 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.76 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 57.3% | ||||
| Net Profit Margin | -74.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Tech Solutions Private Limited, buy the company report.
Board of directors of Pioneer Tech Solutions Private Limited
Pioneer Tech Solutions 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 |
|---|---|---|---|---|
| Padmavathy Venkatesan Also directs: Crew Cables Private Limited, Chennai Radha Engineering Works Private Limited, Crew Shipyard (India) Private Limited and 4 more | Director | 16 Jan 2008 | 18 Years 9 Months | As last reported |
| Venkatesan Sambandam | Managing Director | 16 Jan 2008 | 18 Years 9 Months | As last reported |
Auditor
Pioneer Tech Solutions Private Limited is audited by SABAPATHY & DHANDAPANI for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SABAPATHY & DHANDAPANI | FY 2020 | 007516S |
Shareholding
The shareholding of Pioneer Tech Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pioneer Tech Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2014 | 10519310 | Idbi Bank Limited | ₹2.74 Cr | Satisfied |
To see the full charge records of Pioneer Tech Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pioneer Tech Solutions 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 Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pioneer Tech Solutions Private Limited has a workforce of 25 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Pioneer Tech Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pioneer Tech Solutions Private Limited, buy the company report.
Recent activity
Pioneer Tech Solutions Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Thillaichidambaram Rajasekaran ceased to be Director on 31 Mar 2018.
Frequently asked questions
Pioneer Tech Solutions 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.
Pioneer Tech Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in industrial control valves and systems, within the machinery and equipment industry. It was incorporated on 16 January 2008 and is registered under CIN U30007TN2008PTC066084. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pioneer Tech Solutions was incorporated on 16 January 2008. It is registered with the Registrar of Companies, Chennai.
Pioneer Tech Solutions had 2 directors:
- Venkatesan Sambandam - Managing Director
- Padmavathy Venkatesan - Director
The CIN (Corporate Identification Number) of Pioneer Tech Solutions is U30007TN2008PTC066084. 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 Pioneer Tech Solutions is at No.40 Sapthagiri Colony Jafferkhanpet, Chennai, Tamil Nadu, India – 600083.
Pioneer Tech Solutions can be reached through the website crewpl.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Pioneer Tech Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Pioneer Tech Solutions has 1 GST registration on record and it is cancelled or inactive.
Pioneer Tech Solutions operated in the machinery and equipment industry, in the industrial control valves and systems segment.