About Priority Vendor Technologies Private Limited
Data last updated:
Priority Vendor Technologies Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of C2fo India Technologies Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online financial services segment of the internet and digital services sector. It was incorporated on 09 January 2009.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2009PTC186510. Its GSTIN is 07AACCI0381F1ZW (Delhi). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹18.09 Lakh and a paid-up capital of ₹1.51 Lakh. It was formerly known as Ivy League Education Private Limited. It was led by directors including Pradeep Kumar Gode and Komal Kiran Salian.
Its last annual general meeting (AGM) was held on 23 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 15/1 Asaf Ali Road, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2021, the company reported a revenue of ₹18.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13.98 Cr (net margin -74%) and EBITDA of -₹13.27 Cr (EBITDA margin -70.2%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years and 149% over five years.
The company had about 192 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Priority Vendor. Court records list 1 case involving the company, including 1 filed by the company. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.12 Cr; the latest was in March 2020.
The last known website on record is priorityvendor.com.
Company details
CIN history
Priority Vendor Technologies has one previous CIN (Corporate Identification Number): U80302DL2009PTC186510. The current CIN is U72900DL2009PTC186510, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL2009PTC186510 | Current |
| U80302DL2009PTC186510 | Previous |
Contact details
Priority Vendor Technologies Private Limited's registered office is in New Delhi, Delhi. Its website is priorityvendor.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address15/1 Asaf Ali Road, New Delhi, Delhi, India – 110002
- IndustryInternet, Online Financial Services
To see the full contact details of Priority Vendor Technologies 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
Brands
Priority Vendor Technologies operates one associated brand: Priority Vendor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI, cloud, and blockchain-based dynamic discounting software is provided. | priorityvendor.com |
Business activity
The main business activity of Priority Vendor Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Priority Vendor Technologies Private Limited, buy the company report.
Financials of Priority Vendor Technologies Private Limited
FY 2021 filings availablePriority Vendor Technologies Private Limited reported revenue of ₹18.89 Cr (up 818% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 149% over five years, including 818% growth in the latest year. EBITDA rose 11% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18.89 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹13.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.98 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -70.2% | ||||
| Net Profit Margin | -74% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Priority Vendor Technologies Private Limited, buy the company report.
Board of directors of Priority Vendor Technologies Private Limited
Priority Vendor Technologies has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Kumar Gode | Director | 27 Sep 2019 | 7 Years 1 Months | As last reported |
| Komal Kiran Salian Also directs: Techpreneur Consultancy LLP | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Kerri Renee Thurston | Director | 27 Sep 2019 | 7 Years 1 Months | As last reported |
Auditor
Priority Vendor Technologies Private Limited is audited by S. N. Dhawan & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. N. Dhawan & Co. LLP | FY 2021 | 000050N/N500045 |
Shareholding
The shareholding of Priority Vendor Technologies Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Priority Vendor Technologies Private Limited, buy the company report.
Deals & funding
Priority Vendor Technologies Private Limited has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹26.12 Cr; the latest was in March 2020.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: Catamaran Ventures, 2 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: C2fo India Technologies Private Limited , C2FO India Technologies Private Limited & Pradeep Gode Seller: Lightspeed India Partners, 3 individuals |
| Sep 2019 | Funding round | ₹3.1 Lakh | Investors: an individual |
| Jan 2018 | Funding round | ₹40,000 | Investors: Catamaran Ventures |
To see the full deal history of Priority Vendor Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Priority Vendor Technologies Private Limited has 1 court case on record: 1 filed by Priority Vendor Technologies. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Priority Vendor Technologies 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 Priority Vendor Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Priority Vendor Technologies Private Limited has a workforce of 192 employees on its EPFO records as of May 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 3 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Priority Vendor Technologies Private Limited, buy the company report.
GST
Priority Vendor Technologies has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCI0381F1ZW | Delhi | Active | 01 Jul 2017 |
| 09AACCI0381F1ZS | Uttar Pradesh | Active | 04 Nov 2017 |
To see the full GST registrations and return filing status of Priority Vendor Technologies Private Limited, buy the company report.
Recent activity
Priority Vendor Technologies Private Limited has 10 board changes on record since 2014: 3 appointments and 7 cessations. The latest: Kerri Renee Thurston ceased to be Additional Director on 26 Oct 2020.
1 earlier event is in the company report.
Frequently asked questions
Priority Vendor Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Priority Vendor Technologies was a private limited company based in New Delhi, Delhi, India. The company worked in online financial services, within the internet industry. It was incorporated on 09 January 2009 and is registered under CIN U72900DL2009PTC186510. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Priority Vendor Technologies was incorporated on 09 January 2009. It is registered with the Registrar of Companies, Delhi.
Priority Vendor Technologies had 3 directors:
- Pradeep Kumar Gode - Director
- Komal Kiran Salian - Director
- Kerri Renee Thurston - Director
The CIN (Corporate Identification Number) of Priority Vendor Technologies is U72900DL2009PTC186510. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Priority Vendor Technologies is at 151 Asaf Ali Road, New Delhi, Delhi, India – 110002.
Priority Vendor Technologies can be reached through the website priorityvendor.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Priority Vendor Technologies on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 23 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Priority Vendor Technologies is 07AACCI0381F1ZW, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AACCI0381F1ZS (Uttar Pradesh).
Priority Vendor Technologies operated in the internet industry, in the online financial services segment.
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