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About Posiflex Technology (India) Private Limited
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Posiflex Technology (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Posiflex Technology Inc. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 28 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2001PTC029587. Its GSTIN is 29AACCP3181C1ZL (Karnataka). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Protocol Solution Private Limited. It is led by directors including Dinesh Rao Ullal and Baskara Moorthy Duraiswamy Pee.
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 7/3 3rd Floor Jeet Dynasty Swamy Vivekananda Road Nagavarapalya, Bangalore, Karnataka, India – 560093.
As per the financials filed for FY 2025, the company reported a revenue of ₹221.07 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹1.48 Cr (net margin 0.7%) and EBITDA of ₹4.07 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 9% over five years.
The company has about 144 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: QuGoMeta. As per MCA filings, the company has open charges of ₹13.07 Cr and satisfied charges of ₹5.03 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹90 Lakh; the latest was in March 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website posiflexindia.com.
Company details
Contact details
Posiflex Technology (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is posiflexindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7/3 3rd Floor Jeet Dynasty Swamy Vivekananda Road Nagavarapalya, Bangalore, Karnataka, India – 560093
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Posiflex Technology (India) 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
Brands
Posiflex Technology (India) operates one associated brand: QuGoMeta. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An app-based marketplace for food ordering and delivery services. | qugometa.io |
Business activity
The main business activity of Posiflex Technology (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Posiflex Technology (India) Private Limited, buy the company report.
Financials of Posiflex Technology (India) Private Limited
FY 2024 filings availablePosiflex Technology (India) Private Limited reported revenue of ₹221.07 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 35% growth in the latest year. EBITDA rose 625% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.07 Cr | ||||
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| Net Profit (PAT) | ₹1.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 0.7% | ||||
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To see the full financial statements and ratios of Posiflex Technology (India) Private Limited, buy the company report.
Board of directors of Posiflex Technology (India) Private Limited
Posiflex Technology (India) has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Rao Ullal Also directs: Mustek Technologies Private Limited, Qugo Travel Technologies Private Limited, Vizicart Technologies Private Limited and 2 more | Director | 31 May 2021 | 5 Years 5 Months | Current |
| Baskara Moorthy Duraiswamy Pee | Director | 31 May 2021 | 5 Years 5 Months | Current |
| Malavan Parthasarathy Also directs: Quinta Systems Private Limited | Director | 14 Aug 2010 | 16 Years 2 Months | Current |
| Mao Chen Chiang Also directs: Portwell India Technology Private Limited | Director | 14 Aug 2010 | 16 Years 2 Months | Current |
| Chen Ming Hui | Additional Director | 23 Jan 2025 | 1 Years 9 Months | Current |
| Kuo Wen Yu Also directs: Mustek Technologies Private Limited | Additional Director | 02 Feb 2024 | 2 Years 9 Months | Current |
Auditor
Posiflex Technology (India) Private Limited is audited by ADARSH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADARSH & CO | FY 2023 | 007709S |
Shareholding
The shareholding of Posiflex Technology (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Posiflex Technology (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2023 | 100717532 | Hdfc Bank Limited | ₹1.07 Cr | Open | |
| 17 May 2017 | 100158795 | Citi Bank N.A. | ₹12 Cr | Open | |
| 20 Apr 2006 | 10006446 | State Bank of India | ₹4.5 Cr | Satisfied | |
| 26 Feb 2005 | 80033152 | Kanata Bank Ltd | ₹40 Lakh | Satisfied | |
| 28 Feb 2004 | 80033842 | He Karnataka Bank Limited | ₹4.3 Lakh | Satisfied |
To see the full charge records of Posiflex Technology (India) Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Posiflex Technology (India) Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹90 Lakh; the latest was in March 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Posiflex Technology Inc Seller: 2 individuals |
| Jul 2007 | Funding round | ₹90 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Posiflex Technology (India) Private Limited has 13 court cases on record: 11 filed by Posiflex Technology (India), 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company against Millennium Soft-Tech (India) Pvt Ltd | Disposed |
| District court, West, Delhi | Court case (Civ DJ) | Filed by the company against Ms A.N. Traders P. Ltd. Ors. | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by M S Crustum Products Pvt Ltd and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Crustum Products Pvt Ltd. and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Gourmet Stores Pvt Ltd. and 2 others | Disposed |
To see the full case history of Posiflex Technology (India) 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 Posiflex Technology (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Posiflex Technology (India) has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mustek Technologies Private Limited | U51109KA2015PTC079152 | |
| Quinta Systems Private Limited | U74999KA2016PTC094076 |
To see the full group structure of Posiflex Technology (India) Private Limited, buy the company report.
Employees & EPFO
Posiflex Technology (India) Private Limited has a workforce of 144 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Posiflex Technology (India) has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCP3181C1ZL | Karnataka | Active | 01 Jul 2017 |
| 07AACCP3181C1ZR | Delhi | Active | 01 Jul 2017 |
| 27AACCP3181C1ZP | Maharashtra | Active | 01 Jul 2017 |
| 33AACCP3181C1ZW | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Posiflex Technology (India) Private Limited, buy the company report.
Recent activity
Posiflex Technology (India) Private Limited has 21 board changes on record since 2010: 13 appointments and 8 cessations. The latest: Chen Ming Hui was appointed as Additional Director on 23 Jan 2025.
24 earlier events are in the company report.
Frequently asked questions
Posiflex Technology (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 28 September 2001 (25+ years old) and is registered under CIN U72200KA2001PTC029587.
Posiflex Technology (India) has 6 current directors:
- Dinesh Rao Ullal - Director
- Baskara Moorthy Duraiswamy Pee - Director
- Malavan Parthasarathy - Director
- Mao Chen Chiang - Director
- Chen Ming Hui - Additional Director
- Kuo Wen Yu - Additional Director
The latest financial statements of Posiflex Technology (India) 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 GSTIN of Posiflex Technology (India) is 29AACCP3181C1ZL, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 07AACCP3181C1ZR (Delhi), 27AACCP3181C1ZP (Maharashtra), 33AACCP3181C1ZW (Tamil Nadu).
The CIN (Corporate Identification Number) of Posiflex Technology (India) is U72200KA2001PTC029587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Posiflex Technology (India) has 13 court cases on record: 11 filed by the company and 2 filed against it. Most are in the district courts.
Posiflex Technology (India) was incorporated on 28 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
Posiflex Technology (India) has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹90 Lakh; the latest was in March 2010.
Chen Ming Hui was appointed as Additional Director on 23 Jan 2025. Li I Ching ceased to be Director on 23 Jan 2025. Kuo Wen Yu was appointed as Additional Director on 02 Feb 2024. Posiflex Technology (India) has 21 board changes on record in total.
Posiflex Technology (India) can be reached through the website posiflexindia.com. Its registered office is in Bangalore, Karnataka, India.
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