MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0056214
Prime Source Technologies Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.06 Cr
▲ 22% YoY
Net profit · FY 2024
₹2.98 Cr
Net margin 9.3%
EBITDA · FY 2024
₹5.22 Cr
EBITDA margin 16.3%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹16 Lakh
Issued & subscribed
Open charges
₹10.9 Cr
Satisfied ₹5.46 Cr
Company age
32 yrs
Est. 1994
Directors on board
2
As per MCA filings
About Prime Source Technologies Private Limited
Data last updated:
Prime Source Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 29 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31300TN1994PTC028760. Its GSTIN is 33AAACP3887F1ZF (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors Subramanyan Natarajan and Subramanyan Venkatesan.
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 13 Ramkrishna Street T.Nagar Chennai 17. T.Nagar Chennai 17., Tamil Nadu, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.06 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹2.98 Cr (net margin 9.3%) and EBITDA of ₹5.22 Cr (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 25% over five years.
The company is associated with 2 brands: Prime Electric Vehicles and Prime Source Technologies. As per MCA filings, the company has open charges of ₹10.9 Cr and satisfied charges of ₹5.46 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it; 3 cases are pending.
Prime Source Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0056214). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primesource.in.
Company Details of Prime Source Technologies Private Limited
CIN U31300TN1994PTC028760
Registration Number 028760
Incorporation Date 29 September 1994
ROC Chennai
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 Small
Udyam Registration UDYAM-TN-02-0056214
Recognitions & Rankings of Prime Source Technologies
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address13 Ramkrishna Street T.Nagar Chennai 17. T.Nagar Chennai 17., Tamil Nadu, India
- IndustryInformation Technology, IT Products Retail & Distribution
Comprehensive company report
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Associated Brands with Prime Source Technologies Private Limited
Prime Source Technologies operates two associated brands: Prime Electric Vehicles and Prime Source Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality battery-operated utility vehicles for commercial use. | primev.in | |
| Supplying rackmount chassis, power supplies, and accessories in the electronics sector. | primesource.in |
Business Activity of Prime Source Technologies Private Limited
The main business activity of Prime Source Technologies is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Prime Source Technologies Private Limited FY 2024 filings available
Prime Source Technologies Private Limited reported revenue of ₹32.06 Cr (up 22% YoY) for FY 2024.
Revenue · FY 2024
₹32.06 Cr ▲ 22%
Net profit · FY 2024
₹2.98 Cr margin 9.3%
EBITDA · FY 2024
₹5.22 Cr margin 16.3%
Compounded Annual Growth Rate (CAGR) of Prime Source Technologies Private Limited
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 54%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 65%
5 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 22% growth in the latest year. EBITDA rose 41% 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 of Prime Source Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.22 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.98 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Prime Source Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Prime Source Technologies are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Prime Source Technologies Private Limited
Prime Source Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanyan Natarajan | Director | 29 Sep 1994 | 32 Years 0 Months | Current |
| Subramanyan Venkatesan | Director | 29 Sep 1994 | 32 Years 0 Months | Current |
Peer Comparison of Prime Source Technologies Private Limited
Prime Source Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tecnics Integration Technologies Private Limited | ₹32.46 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Hyderabad, Telangana, India |
| Heaven Techno System Private Limited | ₹32.44 Cr (FY 2025) | •••• | •••• | -71.0% | •••• | Bhopal, Madhya Pradesh, India |
| Aptel Office Care Private Limited | ₹32.2 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Pune, Maharashtra, India |
| Compuciti Peripherals Private Limited | ₹32.15 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| Sai Defence Systems Private Limited | ₹32.11 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Nagpur, Maharashtra, India |
| Prime Source Technologies Private Limited this company | ₹32.06 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Shivshakti Technology Private Limited | ₹32.06 Cr (FY 2017) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Niyura Technologies Private Limited | ₹32.05 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Alston Elliot India Private Limited | ₹32.05 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Laptron Technology Private Limited | ₹32 Cr (FY 2024) | •••• | •••• | 339.0% | •••• | Delhi, India |
| Tech Zone Infoware Private Limited | ₹31.92 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Rajkot, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Prime Source Technologies by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Prime Source Technologies Private Limited
Prime Source Technologies Private Limited is audited by VIJAY SARATHY & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY SARATHY & CO | Locked | Locked | Locked |
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Ownership and Shareholding of Prime Source Technologies Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Prime Source Technologies Private Limited
Open charges
₹10.9 Cr
Satisfied charges
₹5.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Apr 2022 | Others | ₹10.9 Cr | Open |
| 28 Sep 2020 | Others | ₹30.8 Lakh | Satisfied |
| 23 Jul 2020 | Others | ₹25 Lakh | Satisfied |
| 29 Jan 2001 | Bank of Baroda | ₹4.9 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Prime Source Technologies Private Limited
Prime Source Technologies Private Limited has 6 court cases on record: 5 filed by Prime Source Technologies, 1 filed against it. 3 cases are pending and 3 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Total cases
6
Filed by the company
5
Filed against the company
1
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 3 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (AS) | Filed by the company against Government of India | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner (CT) | Pending |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner (CT) | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Central Warehousing Corporation | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Government of India | Disposed |
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Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Prime Source Technologies Private Limited
Employment history and EPFO contributions of people linked to Prime Source Technologies.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Prime Source Technologies Private Limited
Prime Source Technologies Private Limited has 2 board changes on record since 1994: 2 appointments. The latest: Subramanyan Natarajan was appointed as Director on 29 Sep 1994.
Charges
A charge with Others of Rs. 1,090.00 Lakh registered on 27 Apr 2022 with Charge ID 100567634 was modified on 26 Aug 2025.
AGM
Prime Source Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prime Source Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 1,090.00 Lakh with Charge ID 100567634 was registered on 27 Apr 2022.
Charges
A charge registered on 28 Sep 2020 via Charge ID 100376628 with Others was fully satisfied on 20 Apr 2022.
Charges
A charge registered on 23 Jul 2020 via Charge ID 100376627 with Others was fully satisfied on 20 Apr 2022.
Charges
A charge registered on 29 Jan 2001 via Charge ID 90294787 with Bank Of Baroda was fully satisfied on 20 Apr 2022.
Charges
A charge with Others amounted to Rs. 30.80 Lakh with Charge ID 100376628 was registered on 28 Sep 2020.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100376627 was registered on 23 Jul 2020.
Charges
A charge with Bank Of Baroda of Rs. 490.00 Lakh registered on 29 Jan 2001 with Charge ID 90294787 was modified on 13 May 2010.
Charges
A charge with Bank Of Baroda amounted to Rs. 490.00 Lakh with Charge ID 90294787 was registered on 29 Jan 2001.
Appointed
Subramanyan Natarajan was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Prime Source Technologies Private Limited
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MSME Payment Delays by Prime Source Technologies Private Limited
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Subsidiaries & Group Companies of Prime Source Technologies Private Limited
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GST Compliance of Prime Source Technologies Private Limited
Prime Source Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP3887F1ZF | Tamil Nadu | Active | 01 Jul 2017 |
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MCA Filings & Documents of Prime Source Technologies Private Limited
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Frequently Asked Questions about Prime Source Technologies Private Limited
Prime Source Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 29 September 1994 (32+ years old) and is registered under CIN U31300TN1994PTC028760.
Prime Source Technologies reported revenue of ₹32.06 Cr for FY 2024 (up 22% YoY).
Prime Source Technologies has 2 current directors:
- Subramanyan Natarajan - Director
- Subramanyan Venkatesan - Director
Prime Source Technologies reported a net profit of ₹2.98 Cr (net margin 9.3%) and EBITDA of ₹5.22 Cr (EBITDA margin 16.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prime Source Technologies is 54% over three years and 25% over five years. In the latest year (FY 2024) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Prime Source Technologies is 33AAACP3887F1ZF, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Prime Source Technologies is U31300TN1994PTC028760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Source Technologies has 6 court cases on record: 5 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Prime Source Technologies was incorporated on 29 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Prime Source Technologies by revenue are Tecnics Integration Technologies Private Limited, Heaven Techno System Private Limited, Aptel Office Care Private Limited, Compuciti Peripherals Private Limited, Sai Defence Systems Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Subramanyan Natarajan was appointed as Director on 29 Sep 1994. Subramanyan Venkatesan was appointed as Director on 29 Sep 1994.