About Powerupcloud Technologies Private Limited
Data last updated:
Powerupcloud Technologies Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Larsen & Toubro Infotech Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 11 June 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2015PTC341225. Its GSTIN is 33AAICP1841K1ZE (Tamil Nadu). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹4 Lakh and a paid-up capital of ₹1.73 Lakh. It was led by directors including Vinit Ajit Teredesai and Nachiket Gopal Deshpande.
Its last annual general meeting (AGM) was held on 31 May 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.21 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹52.69 Lakh (net margin -43.6%) and EBITDA of -₹2.53 Lakh (EBITDA margin -2.1%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 36% over five years.
The company had about 14 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Powerupcloud. The company has 1 deal on record (1 funding round), with disclosed funding of ₹22.52 Cr; the latest was in October 2019.
The last known website on record is powerupcloud.com.
Company details
CIN history
Powerupcloud Technologies has one previous CIN (Corporate Identification Number): U72200TZ2015PTC021473. The current CIN is U72200MH2015PTC341225, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2015PTC341225 | Current |
| U72200TZ2015PTC021473 | Previous |
Contact details
Powerupcloud Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is powerupcloud.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Powerupcloud Technologies 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
Powerupcloud Technologies operates one associated brand: Powerupcloud. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud management and big data solutions are delivered to enterprises. | powerupcloud.com |
Business activity
The main business activity of Powerupcloud Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Powerupcloud Technologies Private Limited, buy the company report.
Financials of Powerupcloud Technologies Private Limited
FY 2023 filings availablePowerupcloud Technologies Private Limited reported revenue of ₹1.21 Cr (down 92% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 92% fall in the latest year. EBITDA fell 101% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.21 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.69 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.1% | ||||
| Net Profit Margin | -43.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Powerupcloud Technologies Private Limited, buy the company report.
Board of directors of Powerupcloud Technologies Private Limited
Powerupcloud Technologies has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinit Ajit Teredesai Also directs: Persistent Systems Limited | Director | 18 Jan 2023 | 3 Years 9 Months | As last reported |
| Nachiket Gopal Deshpande | Director | 25 Oct 2019 | 7 Years 0 Months | As last reported |
| Sanjukta Kulkarni Also directs: Ltimindtree Foundation | Director | 15 Feb 2023 | 3 Years 8 Months | As last reported |
Auditor
Powerupcloud Technologies Private Limited is audited by ADITHYA & VISHWAS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITHYA & VISHWAS | FY 2023 | 008943S |
Shareholding
The shareholding of Powerupcloud Technologies 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 Powerupcloud Technologies Private Limited, buy the company report.
Deals & funding
Powerupcloud Technologies Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹22.52 Cr; the latest was in October 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Funding round | ₹22.52 Cr | Investors: LTM Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Powerupcloud Technologies 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 Powerupcloud Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Powerupcloud Technologies Private Limited has a workforce of 14 employees on its EPFO records as of Nov 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 14 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Powerupcloud Technologies Private Limited, buy the company report.
GST
Powerupcloud Technologies has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICP1841K1ZE | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAICP1841K1Z3 | Karnataka | Active | 01 Mar 2019 |
To see the full GST registrations and return filing status of Powerupcloud Technologies Private Limited, buy the company report.
Recent activity
Powerupcloud Technologies Private Limited has 11 board changes on record since 2019: 3 appointments and 8 cessations. The latest: Sanjukta Kulkarni ceased to be Additional Director on 30 May 2023.
2 earlier events are in the company report.
Frequently asked questions
Powerupcloud Technologies 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.
Powerupcloud Technologies was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 11 June 2015 and is registered under CIN U72200MH2015PTC341225. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Powerupcloud Technologies was incorporated on 11 June 2015. It is registered with the Registrar of Companies, Mumbai.
Powerupcloud Technologies had 3 directors:
- Vinit Ajit Teredesai - Director
- Nachiket Gopal Deshpande - Director
- Sanjukta Kulkarni - Director
The CIN (Corporate Identification Number) of Powerupcloud Technologies is U72200MH2015PTC341225. 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 Powerupcloud Technologies is at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
Powerupcloud Technologies can be reached through the website powerupcloud.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Powerupcloud Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 May 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Powerupcloud Technologies is 33AAICP1841K1ZE, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAICP1841K1Z3 (Karnataka).
Powerupcloud Technologies operated in the information technology industry, in the IT consulting and support services segment.
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