Powerverge Technologies Private Limited
About Powerverge Technologies Private Limited
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Powerverge Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the retail trade segment of the home appliances and consumer durables sector. It was incorporated on 24 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52100TN2019PTC131763.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Gopi Vasudevan and Gudivada Narasimha Rao.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 69 5th Street North Thirumalai Nagar Villivakkam, Chennai, Tamil Nadu, India – 600049.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.96 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹62,104 (net margin -31.7%) and EBITDA of -₹62,104 (EBITDA margin -31.7%).
Company details
Contact details
Powerverge Technologies Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered Address69 5th Street North Thirumalai Nagar Villivakkam, Chennai, Tamil Nadu, India – 600049
- IndustryHome Appliances, Retailers, Non Specialized Stores
- 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 Powerverge Technologies is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Powerverge Technologies Private Limited, buy the company report.
Financials of Powerverge Technologies Private Limited
FY 2022 filings availablePowerverge Technologies Private Limited reported revenue of ₹1.96 Lakh (up 553% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 553% in the latest year. EBITDA rose 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹62,104 | ||
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| Net Profit (PAT) | -₹62,104 | ||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||
| EBITDA Margin | -31.7% | ||
| Net Profit Margin | -31.7% | ||
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To see the full financial statements and ratios of Powerverge Technologies Private Limited, buy the company report.
Board of directors of Powerverge Technologies Private Limited
Powerverge Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopi Vasudevan | Director | 24 Sep 2019 | 7 Years 1 Months | Current |
| Gudivada Narasimha Rao | Director | 24 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Powerverge Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Live Strong Herbal Care Private Limited | ₹1.96 Lakh (FY 2019) | Ghaziabad, Uttar Pradesh, India | ||||
| Ghanshyam Merchants Private Limited | ₹1.96 Lakh (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Goldspur Associates (OPC) Private Limited | ₹1.96 Lakh (FY 2025) | -69.0% | Mathura, Uttar Pradesh, India | |||
| Jolabe Ecommerce Private Limited | ₹1.96 Lakh (FY 2022) | 502.0% | Kanchipuram, Tamil Nadu, India | |||
| Oxypure Filtration Solutions Private Limited | ₹1.96 Lakh (FY 2025) | -6.0% | Delhi, India | |||
| Powerverge Technologies Private Limitedthis company | ₹1.96 Lakh (FY 2022) | -₹62,104 | -31.7% | 553.0% | Chennai, Tamil Nadu, India | |
| Oddment Recycling Private Limited | ₹1.96 Lakh (FY 2018) | Gurgaon, Haryana, India | ||||
| Orion Meditech Systems Private Limited | ₹1.96 Lakh (FY 2019) | -45.0% | Chandigarh, India | |||
| Dr. Kind Formulation Private Limited | ₹1.96 Lakh (FY 2024) | -54.0% | Meerut, Uttar Pradesh, India | |||
| Fortune Global Beverages Limited | ₹1.96 Lakh (FY 2024) | 5.0% | Kokrajhar, Assam, India | |||
| Coverdale Health Care Private Limited | ₹1.96 Lakh (FY 2021) | -49.0% | Pune, Maharashtra, India |
To see the full peer comparison of Powerverge Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Powerverge 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 Powerverge Technologies 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 Powerverge Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Powerverge Technologies Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Gopi Vasudevan was appointed as Director on 24 Sep 2019.
Frequently asked questions
Powerverge Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in retailers, within the home appliances industry. It was incorporated on 24 September 2019 (7+ years old) and is registered under CIN U52100TN2019PTC131763.
Powerverge Technologies has 2 current directors:
- Gopi Vasudevan - Director
- Gudivada Narasimha Rao - Director
The latest financial statements of Powerverge Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Powerverge Technologies is U52100TN2019PTC131763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Powerverge Technologies was incorporated on 24 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Powerverge Technologies by revenue are Live Strong Herbal Care Private Limited, Ghanshyam Merchants Private Limited, Goldspur Associates (OPC) Private Limited, Jolabe Ecommerce Private Limited, Oxypure Filtration Solutions Private Limited and 5 more, all in the same principal business activity (retail trading).
Gopi Vasudevan was appointed as Director on 24 Sep 2019. Gudivada Narasimha Rao was appointed as Director on 24 Sep 2019.
The registered office of Powerverge Technologies is at 69 5th Street North Thirumalai Nagar Villivakkam, Chennai, Tamil Nadu, India – 600049.
Powerverge Technologies operates in the home appliances industry, in the retailers segment.
Powerverge Technologies can be reached at its registered office: 69 5th Street North Thirumalai Nagar Villivakkam, Chennai, Tamil Nadu, India – 600049.
Powerverge Technologies is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.