MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0123812
Prime Assetsource Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹95.88 Cr
▲ 3% YoY
Net profit · FY 2024
₹94.82 Lakh
Net margin 1%
EBITDA · FY 2024
₹9.9 Cr
EBITDA margin 10.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹38.95 Cr
Satisfied ₹29.83 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
24
Provident fund records
About Prime Assetsource Private Limited
Data last updated:
Prime Assetsource Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 16 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2009PTC050135. Its GSTIN is 29AAFCP0774J1Z2 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has 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.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 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. For the same year it recorded a net profit of ₹94.82 Lakh (net margin 1%) and EBITDA of ₹9.9 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 32% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹38.95 Cr and satisfied charges of ₹29.83 Cr on record. Court records list 21 cases involving the company, including 21 filed by the company; 2 cases are pending.
Prime Assetsource Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0123812). 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.
Company details
CIN U72200KA2009PTC050135
Registration Number 050135
Incorporation Date 16 June 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0123812
Recognitions & Rankings of Prime Assetsource
Contact details
Prime Assetsource Private Limited's registered office is in Bangalore, Karnataka. Its website is primeassetsource.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address58/1 Level 1 To Level 4 13th Cross Margosa Road Malleswaram, Bangalore, Karnataka, India – 560003
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Prime Assetsource Private Limited, buy the company report.
Comprehensive company report
Prime Assetsource Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activities of Prime Assetsource are support service to organizations and trade. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Prime Assetsource Private Limited, buy the company report.
Financials of Prime Assetsource Private Limited
FY 2024 filings availablePrime Assetsource Private Limited reported revenue of ₹95.88 Cr (up 3% YoY) for FY 2024.
Revenue · FY 2024
₹95.88 Cr ▲ 3%
Net profit · FY 2024
₹94.82 Lakh margin 1%
EBITDA · FY 2024
₹9.9 Cr margin 10.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 31%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 16%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 3% growth in the latest year. EBITDA rose 10% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹9.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹94.82 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.3% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Prime Assetsource Private Limited, buy the company report.
Board of directors of Prime Assetsource Private Limited
Prime Assetsource has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preet Navinchand Sonawala Also directs: Clay Works Studio LLP, Medikrypt Health Technologies LLP | Director | 16 Jun 2009 | 17 Years 4 Months | Current |
| Kempe Gowda Raghavendra Also directs: Codeswift Technologies LLP, Digital Waves International Private Limited, Kohinoor Commodeal Private Limited and 2 more | Director | 06 Jun 2018 | 8 Years 4 Months | Current |
Auditor
Prime Assetsource Private Limited is audited by Ganapath Raj & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ganapath Raj & Co | FY 2023 | 000846S |
Shareholding
The shareholding of Prime Assetsource 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 Prime Assetsource Private Limited, buy the company report.
Charges & borrowings
Open charges
₹38.95 Cr
Satisfied charges
₹29.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2025 | 101106110 | Others | ₹5 Cr | Open | |
| 13 Sep 2019 | 100302638 | Others | ₹33.95 Cr | Open | |
| 05 Oct 2018 | 100208370 | Others | ₹1.27 Cr | Satisfied | |
| 04 Jul 2018 | 100187785 | Others | ₹1.03 Cr | Satisfied | |
| 05 Dec 2017 | 100138704 | Others | ₹1.05 Cr | Satisfied |
To see the full charge records of Prime Assetsource Private Limited, buy the company report.
Total charge records: 45 View all charges
Legal cases
Prime Assetsource Private Limited has 21 court cases on record: 21 filed by Prime Assetsource. 2 cases are pending and 19 are disposed.
Total cases
21
Filed by the company
21
Pending
2
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Inp Technologies Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Inp Technologies Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Inp Technologies Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Inp Technologies Ltd., | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Aeries Technology Products and Strategies Private Limited | Disposed |
To see the full case history of Prime Assetsource Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prime Assetsource Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Prime Assetsource has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Prime Assetsource Private Limited has a workforce of 24 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
24
Active EPFO establishments
1
Employee growth
-11.11%
GST
Prime Assetsource has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCP0774J1Z2 | Karnataka | Active | 01 Jul 2017 |
| 36AAFCP0774J1Z7 | Telangana | Active | 01 Jul 2017 |
| 27AAFCP0774J1Z6 | Maharashtra | Active | 27 Nov 2019 |
To see the full GST registrations and return filing status of Prime Assetsource Private Limited, buy the company report.
Recent activity
Prime Assetsource Private Limited has 6 board changes on record since 2009: 2 appointments and 4 cessations. The latest: Deepa Kaushik Sonawala ceased to be Director on 30 Oct 2018.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101106110 was registered on 31 May 2025.
Charges
A charge with Others of Rs. 33.95 Cr registered on 13 Sep 2019 with Charge ID 100302638 was modified on 23 Dec 2024.
AGM
Prime Assetsource Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prime Assetsource Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 16 Nov 2016 via Charge ID 100061859 with Dbs Bank Ltd was fully satisfied on 17 Aug 2021.
Charges
A charge registered on 21 Aug 2013 via Charge ID 10450468 with Dbs Bank Ltd. was fully satisfied on 17 Aug 2021.
Charges
A charge registered on 05 Oct 2018 via Charge ID 100208370 with Others was fully satisfied on 07 Mar 2020.
Charges
A charge registered on 04 Jul 2018 via Charge ID 100187785 with Others was fully satisfied on 07 Mar 2020.
Charges
A charge registered on 22 Jun 2017 via Charge ID 100105276 with Others was fully satisfied on 07 Mar 2020.
Charges
A charge registered on 07 Apr 2017 via Charge ID 100090788 with Others was fully satisfied on 07 Mar 2020.
Charges
A charge registered on 08 Mar 2017 via Charge ID 100081792 with Others was fully satisfied on 07 Mar 2020.
Charges
A charge registered on 05 Dec 2017 via Charge ID 100138704 with Others was fully satisfied on 04 Mar 2020.
87 earlier events are in the company report.
Frequently asked questions
Prime Assetsource is an active private limited company based in Bangalore, Karnataka, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 16 June 2009 (17+ years old) and is registered under CIN U72200KA2009PTC050135.
Prime Assetsource has 2 current directors:
- Preet Navinchand Sonawala - Director
- Kempe Gowda Raghavendra - Director
The latest financial statements of Prime Assetsource on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Prime Assetsource is 29AAFCP0774J1Z2, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36AAFCP0774J1Z7 (Telangana), 27AAFCP0774J1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Prime Assetsource is U72200KA2009PTC050135. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Assetsource has 21 court cases on record: 21 filed by the company. 2 are pending. Most are in the district courts.
Prime Assetsource was incorporated on 16 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Deepa Kaushik Sonawala ceased to be Director on 30 Oct 2018. Kempe Gowda Raghavendra ceased to be Additional Director on 29 Sep 2018. Manish Ojha ceased to be Additional Director on 29 Sep 2018. Prime Assetsource has 6 board changes on record in total.
Yes, Prime Assetsource is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0123812).
Prime Assetsource can be reached through the website primeassetsource.com. Its registered office is in Bangalore, Karnataka, India.