About Prime Assetsource Private Limited
Data last updated: 08 January 2026
Prime Assetsource Private Limited is a private limited company based in Bangalore, Karnataka, India. It specialises in equipment leasing and financing, a part of the broader financial services sector. Incorporated on 16 June 2009, the company has been in operation for over 17 years.
Registered with ROC Bangalore under CIN U72200KA2009PTC050135.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Preet Navinchand Sonawala and Kempe Gowda Raghavendra.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: 58/1 Level 1 To Level 4 13Th Cross Margosa Road Malleswaram, Bangalore, Karnataka, India – 560003.
As per the financials filed for FY 2024, the company reported a revenue of ₹95.88 Cr, a growth of 3% compared to the previous year.
The company has a workforce of approximately 24 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹38.95 Cr and satisfied charges of ₹29.83 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primeassetsource.com.
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Registered Address58/1 Level 1 To Level 4 13Th Cross Margosa Road Malleswaram, Bangalore, Karnataka, India – 560003
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IndustryFinancial Services, Equipment Leasing & Financing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Prime Assetsource Private Limited
Prime Assetsource Private Limited is engaged in principal business activities including support service to organizations and trade, with detailed activities including rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details for Prime Assetsource Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Prime Assetsource Private Limited
Prime Assetsource Private Limited is audited by Ganapath Raj & Co for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ganapath Raj & Co | Locked | Locked | Locked |
Complete auditor history for Prime Assetsource Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Prime Assetsource Private Limited
Prime Assetsource Private Limited is currently managed by 2 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Preet Navinchand Sonawala
Also directs:
Clay Works Studio Llp, Medikrypt Health Technologies Llp
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Director | 16 Jun 2009 | 17 Years 1 Months | Current |
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Kempe Gowda Raghavendra
Also directs:
Codeswift Technologies Llp, Digital Waves International Private Limited, Kohinoor Commodeal Private Limited and 2 more
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Director | 06 Jun 2018 | 8 Years 1 Months | Current |
Financials of Prime Assetsource Private Limited FY 2024 filings available
Prime Assetsource Private Limited reported revenue of ₹95.88 Cr (up 3.00% YoY) for FY 2024.
Ten-year financial statements for Prime Assetsource Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Prime Assetsource Private Limited
Shareholding and ownership data for Prime Assetsource Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Group Structure of Prime Assetsource Private Limited
Prime Assetsource Private Limited has 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Prime Assetsource Private Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Prime Assetsource Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 May 2025 | Others | ₹5 Cr | Open |
| 13 Sep 2019 | Others | ₹33.95 Cr | Open |
| 05 Oct 2018 | Others | ₹1.27 Cr | Satisfied |
| 04 Jul 2018 | Others | ₹1.03 Cr | Satisfied |
| 05 Dec 2017 | Others | ₹1.05 Cr | Satisfied |
Total charge records: 45 View all charges
Employees and EPFO Compliance at Prime Assetsource Private Limited
Prime Assetsource Private Limited has a workforce of 24 employees as of Apr 08, 2024.
Employee and EPFO history for Prime Assetsource Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Prime Assetsource Private Limited
GST registrations and filing compliance for Prime Assetsource Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Prime Assetsource Private Limited
Credit ratings, litigation, and regulatory alerts for Prime Assetsource Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Prime Assetsource Private Limited
MSME payment history for Prime Assetsource Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Prime Assetsource Private Limited
Corporate group structure for Prime Assetsource Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Prime Assetsource Private Limited
MCA filings and documents for Prime Assetsource Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Prime Assetsource Private Limited
Frequently Asked Questions about Prime Assetsource Private Limited
Prime Assetsource Private Limited is an active private limited company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 16 June 2009 (17+ years old) and is registered under CIN U72200KA2009PTC050135. The company has 24 employees.
Prime Assetsource Private Limited reported revenue of ₹95.88 Cr for FY 2024 (up 3.00% YoY).
The current directors of Prime Assetsource Private Limited are:
- Preet Navinchand Sonawala - Director
- Kempe Gowda Raghavendra - Director
The primary industry of Prime Assetsource Private Limited is financial services. The company specifically operates in equipment leasing and financing. The company is currently active in this sector.
Prime Assetsource Private Limited can be reached at the registered office: 581 Level 1 To Level 4 13Th Cross Margosa Road Malleswaram, Bangalore, Karnataka, India – 560003, or through the website primeassetsource.com.
The authorised capital is ₹2 Cr, and the paid-up capital is ₹2 Cr.