Primesource Global Services Private Limited
About Primesource Global Services Private Limited
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Primesource Global Services Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2016PTC112246. Its GSTIN is 36AAICP8054G1Z6 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Madhava Rao Velaga and Bhavani Velaga.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8 – 2 – 293/82/A/471/1/3F – 2 Plot No.471 Road No.36 Jubilee Hills, Hyderabad, Telangana, India – 500033.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.4 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹14.98 Lakh (net margin 2.8%) and EBITDA of ₹1.87 Cr (EBITDA margin 34.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 22% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address8 – 2 – 293/82/A/471/1/3F – 2 Plot No.471 Road No.36 Jubilee Hills, Hyderabad, Telangana, India – 500033
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Primesource Global Services Private Limited
The main business activity of Primesource Global Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Primesource Global Services Private Limited FY 2025 filings available
Primesource Global Services Private Limited reported revenue of ₹5.4 Cr (up 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Primesource Global Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 32% growth in the latest year. EBITDA rose 297% 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 Primesource Global Services 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 | ₹1.87 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.98 Lakh | •••• | •••• | •••• | •••• |
| 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 Primesource Global Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.8% | •••• | •••• | •••• | •••• |
| 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 Primesource Global Services are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Primesource Global Services Private Limited
Primesource Global Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhava Rao Velaga Also directs: KBP Developers LLP, Sri Ramachandra Spintech Private Limited, Bhavika Ventures Private Limited and 4 more | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Bhavani Velaga | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
Peer Comparison of Primesource Global Services Private Limited
Primesource Global Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zenitus Technologies Private Limited | ₹5.41 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Chennai, Tamil Nadu, India |
| Techpoint Business Solution Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Pune, Maharashtra, India |
| Care.Fi Technological Solutions Private Limited | ₹5.4 Cr (FY 2024) | •••• | •••• | 168.0% | •••• | Bangalore, Karnataka, India |
| Parabole India Private Limited | ₹5.4 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Digitise IT (India) Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Primesource Global Services Private Limited this company | ₹5.4 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Zoondia Software Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Thiruvananthapuram, Kerala, India |
| Tatvas Ict Services Private Limited | ₹5.4 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
| Logisoftware India Private Limited | ₹5.39 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Computer Garage Solutions Private Limited | ₹5.39 Cr (FY 2025) | •••• | •••• | 98.0% | •••• | Pune, Maharashtra, India |
| Versant Technologies Private Limited | ₹5.37 Cr (FY 2018) | •••• | •••• | -19.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Primesource Global Services by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Primesource Global Services Private Limited
Primesource Global Services Private Limited is audited by SURESH AND BABU for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURESH AND BABU | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Primesource Global Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Primesource Global Services Private Limited
Primesource Global Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Primesource Global Services Private Limited
Primesource Global Services Private Limited has a workforce of 36 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Primesource Global Services Private Limited
Primesource Global Services Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Bhavani Velaga ceased to be Additional Director on 19 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Primesource Global Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Primesource Global Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Primesource Global Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Primesource Global Services Private Limited
Primesource Global Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICP8054G1Z6 | Telangana | Active | 18 Sep 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Primesource Global Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Primesource Global Services Private Limited
Primesource Global Services is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 September 2016 (10+ years old) and is registered under CIN U72900TG2016PTC112246.
Primesource Global Services reported revenue of ₹5.4 Cr for FY 2024 (up 32% YoY).
Primesource Global Services has 2 current directors:
- Madhava Rao Velaga - Director
- Bhavani Velaga - Director
Primesource Global Services reported a net profit of ₹14.98 Lakh (net margin 2.8%) and EBITDA of ₹1.87 Cr (EBITDA margin 34.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Primesource Global Services is 10% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Primesource Global Services is 36AAICP8054G1Z6, registered in Telangana.
The CIN (Corporate Identification Number) of Primesource Global Services is U72900TG2016PTC112246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primesource Global Services was incorporated on 30 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Primesource Global Services by revenue are Zenitus Technologies Private Limited, Techpoint Business Solution Private Limited, Care.Fi Technological Solutions Private Limited, Parabole India Private Limited, Digitise IT (India) Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Bhavani Velaga ceased to be Additional Director on 19 Oct 2020. Babu Nagendra Maruthi Varaprasad Bobba ceased to be Director on 07 Nov 2019. Bhavani Velaga was appointed as Director on 05 Nov 2019. Primesource Global Services has 4 board changes on record in total.
The registered office of Primesource Global Services is at 8 – 2 – 29382A47113F – 2 Plot No.471 Road No.36 Jubilee Hills, Hyderabad, Telangana, India – 500033.