MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0018788
Powerit Technologies Private Limited - information technology in Korattur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹9 Cr
▼ 58% YoY
Net profit · FY 2021
₹14.5 Lakh
Net margin 1.6%
EBITDA · FY 2021
₹78.29 Lakh
EBITDA margin 8.7%
Authorised capital
₹1.28 Cr
Registered with MCA
Paid-up capital
₹1.28 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
41
Provident fund records
Directors on board
2
As per MCA filings
About Powerit Technologies Private Limited
Data last updated:
Powerit Technologies Private Limited is a private limited company based in Korattur, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52609TN2016PTC112506. Its GSTIN is 33AAICP7700K1ZC (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.28 Cr and a paid-up capital of ₹1.28 Cr. It is led by directors Venkatesh Vijay Anand and Gnanasekaran.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Korattur, Tamil Nadu.
As per the financials filed for FY 2021, the company reported a revenue of ₹9 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net profit of ₹14.5 Lakh (net margin 1.6%) and EBITDA of ₹78.29 Lakh (EBITDA margin 8.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PoweriT. Court records list 32 cases involving the company, including 16 filed by the company and 16 filed against it; 4 cases are pending.
Powerit Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0018788). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website power-it.in.
Company Details of Powerit Technologies Private Limited
CIN U52609TN2016PTC112506
Registration Number 112506
Incorporation Date 15 September 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0018788
Recognitions & Rankings of Powerit Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. Mig – 67 New Door No.25 2nd Floor Sri Ram Centre 2nd Street Periar Nagar T, Nhb Colony, Korattur, Tamil Nadu, India – 600080
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
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Associated Brands with Powerit Technologies Private Limited
Powerit Technologies operates one associated brand: PoweriT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power and IT services provider focused on backup, data center, and networking solutions in Chennai. | power-it.in |
Business Activity of Powerit Technologies Private Limited
The main business activity of Powerit Technologies is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Powerit Technologies Private Limited FY 2021 filings available
Powerit Technologies Private Limited reported revenue of ₹9 Cr (down 58% YoY) for FY 2021.
Revenue · FY 2021
₹9 Cr ▼ 58%
Net profit · FY 2021
₹14.5 Lakh margin 1.6%
EBITDA · FY 2021
₹78.29 Lakh margin 8.7%
Compounded Annual Growth Rate (CAGR) of Powerit Technologies Private Limited
Revenue CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 35%
Revenue has declined at a compounded annual rate (CAGR) of 4% over three years, including a 58% fall in the latest year. EBITDA fell 48% 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 of Powerit Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹78.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.5 Lakh | •••• | •••• | •••• | •••• |
| 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 of Powerit Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 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 Powerit Technologies are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Powerit Technologies Private Limited
Powerit Technologies has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Vijay Anand Also directs: Proagile Logistics Private Limited | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
| Gnanasekaran Also directs: Proagile Logistics Private Limited | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
Peer Comparison of Powerit Technologies Private Limited
Powerit Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Retail Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CNB Diamonds Private Limited | ₹9.01 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Mayiladuthurai, Tamil Nadu, India |
| Bcy Jewellers Private Limited | ₹9.01 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Haridwar, Uttarakhand, India |
| Three Vee Marketing Private Limited | ₹9.01 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Chandigarh, India |
| Star Line Networking Private Limited | ₹9.01 Cr (FY 2018) | •••• | •••• | 22.0% | •••• | Mansa, Punjab, India |
| Lekh Raj Enterprises Private Limited | ₹9 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Kaithal, Haryana, India |
| Powerit Technologies Private Limited this company | ₹9 Cr (FY 2021) | •••• | •••• | -58.0% | •••• | Korattur, Tamil Nadu, India |
| Arab Gold and Diamonds Private Limited | ₹9 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Poruvazhy Po, Kerala, India |
| Abraham & Thakore Private Limited | ₹9 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, India |
| Kanchana Motors Private Limited | ₹9 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Mangalore, Karnataka, India |
| Triton Medical Services Private Limited | ₹9 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | New Delhi, Delhi, India |
| Okinawa Parts India Private Limited | ₹8.99 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Powerit Technologies by revenue in the same principal business activity (Retail Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Powerit Technologies Private Limited
Powerit Technologies Private Limited is audited by KIRUTHIGA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KIRUTHIGA & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Powerit Technologies Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Powerit Technologies Private Limited
Powerit Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Powerit Technologies Private Limited
Powerit Technologies Private Limited has 32 court cases on record: 16 filed by Powerit Technologies, 16 filed against it. 4 cases are pending and 28 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
32
Filed by the company
16
Filed against the company
16
Pending
4
Disposed
28
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 15 | 3 |
| High courts | 13 | 1 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (CRL A) | Filed against the company by Supreme Computers India Private Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Netlab Solutions (India) Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by Clix Capital Services Private Limited | Disposed |
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Full case history
All 32 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Powerit Technologies Private Limited
Powerit Technologies Private Limited has a workforce of 41 employees as of Apr 04, 2024.
Employee count
41
Active EPFO establishments
1
Employee growth
7.89%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Powerit Technologies Private Limited
Powerit Technologies Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Chitra ceased to be Director on 01 Jul 2023.
Ceased
Chitra ceased to be Director.
Ceased
Rajalekshmy Raghavan Santhamma ceased to be Director.
Ceased
Velmurugan ceased to be Director.
AGM
Powerit Technologies Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Ceased
Basavaraju ceased to be Director.
Ceased
Shamanth ceased to be Director.
Ceased
Venkatesh Ganesh Babu Mysore ceased to be Director.
Filing
Powerit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.
Ceased
Lakshmipriya Selvaraj ceased to be Director.
Appointed
Gnanasekaran was appointed as Director.
Appointed
Venkatesh Vijay Anand was appointed as Director.
Incorporation
15 Sep 2016
Powerit Technologies Private Limited was registered on 15 Sep 2016 with Roc Chennai & aged 10 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Powerit Technologies Private Limited
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MSME Payment Delays by Powerit Technologies Private Limited
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Subsidiaries & Group Companies of Powerit Technologies Private Limited
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Corporate group structure
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GST Compliance of Powerit Technologies Private Limited
Powerit Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICP7700K1ZC | Tamil Nadu | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Powerit Technologies Private Limited
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Frequently Asked Questions about Powerit Technologies Private Limited
Powerit Technologies is an active private limited company based in Korattur, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 15 September 2016 (10+ years old) and is registered under CIN U52609TN2016PTC112506.
Powerit Technologies reported revenue of ₹9 Cr for FY 2021 (down 58% YoY).
Powerit Technologies has 2 current directors:
- Venkatesh Vijay Anand - Director
- Gnanasekaran - Director
Powerit Technologies reported a net profit of ₹14.5 Lakh (net margin 1.6%) and EBITDA of ₹78.29 Lakh (EBITDA margin 8.7%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Powerit Technologies is -4% over three years. In the latest year (FY 2021) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Powerit Technologies is 33AAICP7700K1ZC, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Powerit Technologies is U52609TN2016PTC112506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Powerit Technologies has 32 court cases on record: 16 filed by the company and 16 filed against it. 4 are pending. Most are in the district courts.
Powerit Technologies was incorporated on 15 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Powerit Technologies by revenue are CNB Diamonds Private Limited, Bcy Jewellers Private Limited, Three Vee Marketing Private Limited, Star Line Networking Private Limited, Lekh Raj Enterprises Private Limited and 5 more, all in the same principal business activity (Retail Trading).
Chitra ceased to be Director on 01 Jul 2023. Rajalekshmy Raghavan Santhamma ceased to be Director on 01 Jul 2023. Velmurugan ceased to be Director on 26 May 2022. Powerit Technologies has 9 board changes on record in total.