About Praise Telecommunications Private Limited
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Praise Telecommunications Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the satellite segment of the telecommunications sector. It was incorporated on 10 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U64200TG2015PTC100682. Its GSTIN is 36AAICP2628N2ZY (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kameswara Rao Koneti and Sravani Karri.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹55.54 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹2.5 Lakh (net margin 4.5%) and EBITDA of ₹3.34 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 45% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website praisetelecommunications.com.
Company details
Contact details
Praise Telecommunications Private Limited's registered office is in Hyderabad, Telangana. Its website is praisetelecommunications.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 87/1 H. No. 30/265/21/87/1 Rkh Colony As Rao Nagar Road No.3 Mal, Kajgiri, Hyderabad, Telangana, India – 500062
- IndustryTelecommunication, Satellite, Wireless, Telecommunications, Wired
To see the full contact details of Praise Telecommunications 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 Praise Telecommunications is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Praise Telecommunications Private Limited, buy the company report.
Financials of Praise Telecommunications Private Limited
FY 2023 filings availablePraise Telecommunications Private Limited reported revenue of ₹55.54 Lakh (down 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 45%. EBITDA fell 61% 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
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| EBITDA | ₹3.34 Lakh | ||||
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| Net Profit (PAT) | ₹2.5 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 6% | ||||
| Net Profit Margin | 4.5% | ||||
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To see the full financial statements and ratios of Praise Telecommunications Private Limited, buy the company report.
Board of directors of Praise Telecommunications Private Limited
Praise Telecommunications has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kameswara Rao Koneti | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
| Sravani Karri | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
| Satyanarayana Veera Venkata Guttula | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Praise Telecommunications Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Peabody Soft Private Limited | ₹55.6 Lakh (FY 2024) | 22.0% | Hyderabad, Telangana, India | |||
| Ultima Store Private Limited | ₹55.59 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Morpheme Webnexus Private Limited | ₹55.59 Lakh (FY 2024) | -17.0% | New Delhi, Delhi, India | |||
| Finblaze Infotech Private Limited | ₹55.58 Lakh (FY 2024) | -5.0% | Hyderabad, Telangana, India | |||
| Nextleapmove Technologies Private Limited | ₹55.56 Lakh (FY 2024) | -91.0% | Delhi, India | |||
| Praise Telecommunications Private Limitedthis company | ₹55.54 Lakh (FY 2023) | ₹2.5 Lakh | 4.5% | -35.0% | 2 | Hyderabad, Telangana, India |
| Developtech IT Solution Private Limited | ₹55.52 Lakh (FY 2025) | -63.0% | Chandigarh, India | |||
| Omnitrix Business Services Private Limited | ₹55.51 Lakh (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Evam Tech Labs Private Limited | ₹55.49 Lakh (FY 2025) | -59.0% | Hyderabad, Telangana, India | |||
| W3layouts Private Limited | ₹55.49 Lakh (FY 2020) | 143.0% | Bangalore, Karnataka, India | |||
| Techry Solutions India Private Limited | ₹55.47 Lakh (FY 2025) | 1106.0% | Ambala Cantt, Haryana, India |
To see the full peer comparison of Praise Telecommunications Private Limited, buy the company report.
Auditor
Praise Telecommunications Private Limited is audited by VEERA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VEERA AND ASSOCIATES | FY 2017 | 014675S |
Shareholding
The shareholding of Praise Telecommunications Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Praise Telecommunications Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Praise Telecommunications 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 Praise Telecommunications Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Praise Telecommunications Private Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Praise Telecommunications has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICP2628N2ZY | Telangana | Active | 13 Jul 2017 |
To see the full GST registrations and return filing status of Praise Telecommunications Private Limited, buy the company report.
Recent activity
Praise Telecommunications Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Rajeshwari Pitla ceased to be Director on 11 Jul 2018.
Frequently asked questions
Praise Telecommunications is an active private limited company based in Hyderabad, Telangana, India. The company works in satellite, within the telecommunication industry. It was incorporated on 10 September 2015 (11+ years old) and is registered under CIN U64200TG2015PTC100682.
Praise Telecommunications has 3 current directors:
- Kameswara Rao Koneti - Director
- Sravani Karri - Director
- Satyanarayana Veera Venkata Guttula - Director
The latest financial statements of Praise Telecommunications on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Praise Telecommunications is 36AAICP2628N2ZY, registered in Telangana. 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 Praise Telecommunications is U64200TG2015PTC100682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Praise Telecommunications was incorporated on 10 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Praise Telecommunications by revenue are Peabody Soft Private Limited, Ultima Store Private Limited, Morpheme Webnexus Private Limited, Finblaze Infotech Private Limited, Nextleapmove Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Rajeshwari Pitla ceased to be Director on 11 Jul 2018. Suman Mungara ceased to be Director on 11 Jul 2018. Kameswara Rao Koneti was appointed as Director on 18 Jun 2018. Praise Telecommunications has 5 board changes on record in total.
Praise Telecommunications can be reached through the website praisetelecommunications.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Praise Telecommunications is at Plot No. 871 H. No. 3026521871 Rkh Colony As Rao Nagar Road No.3 Mal, Kajgiri, Hyderabad, Telangana, India – 500062.
Praise Telecommunications operates in the telecommunication industry, in the satellite segment.