About Pro Innovative Technologies Private Limited
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Pro Innovative Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 31 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U32109KA2005PTC037105. Its GSTIN is 29AADCR2706G1ZH (Karnataka).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1 Cr. It is led by directors Dhiren Mansukhlal Shah and Rupa Dhiren Shah.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No. 36/2 Madnayakana Halli Dasanapura Hobli Tumkur Road, Bangalore, Karnataka, India – 562123.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.49 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹2.54 Cr (net margin -72.8%) and EBITDA of -₹1.69 Cr (EBITDA margin -48.3%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 37% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.8 Cr and satisfied charges of ₹9.43 Cr on record. Court records list 26 cases involving the company, including 2 filed by the company and 21 filed against it; 4 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹1.96 Cr; the latest was in April 2013. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Rational Technologies Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proinnovative.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 36/2 Madnayakana Halli Dasanapura Hobli Tumkur Road, Bangalore, Karnataka, India – 562123
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Pro Innovative Technologies Private Limited
The main business activity of Pro Innovative Technologies is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Pro Innovative Technologies Private Limited FY 2021 filings available
Pro Innovative Technologies Private Limited reported revenue of ₹3.49 Cr (down 69% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Pro Innovative Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 69% fall in the latest year. EBITDA fell 164% 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 Pro Innovative Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3.49 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.54 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 Pro Innovative Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -48.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -72.8% | •••• | •••• | •••• | •••• |
| 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 Pro Innovative Technologies are in the company report.
Financial statements from 2015
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.
Peer Comparison of Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rational Technologies Private Limited | •••• | •••• | •••• | •••• | 20 | Delhi, India |
| Aarvi Trade Solution LLP | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Mootek Technologies Private Limited | •••• | •••• | •••• | •••• | - | Chennai City Corporation, Tamil Nadu, India |
| Pioneer World Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Aerann Instruments and Engineering Services Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Pro Innovative Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Amit India Name Plates Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Cybermotion Technologies Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Elnix Technologies (Chennai) Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Blurays Fire & Automation Private Limited | •••• | •••• | •••• | •••• | - | Tirumalagiri, Telangana, India |
| Qpicloud Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Pro Innovative Technologies by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited is audited by PARESH S SHAH & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARESH S SHAH & CO | 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.
Board of Directors of Pro Innovative Technologies Private Limited
Pro Innovative Technologies 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 |
|---|---|---|---|---|
| Dhiren Mansukhlal Shah | Director | 31 Aug 2005 | 21 Years 1 Months | Current |
| Rupa Dhiren Shah | Director | 31 Aug 2005 | 21 Years 1 Months | Current |
Ownership and Shareholding of Pro Innovative Technologies 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 Pro Innovative Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2017 | Others | ₹3.8 Cr | Open |
| 13 Oct 2015 | Indusind Bank Limited | ₹4.3 Cr | Satisfied |
| 12 Oct 2011 | Ing Vysya Bank Limited | ₹2.4 Cr | Satisfied |
| 26 Aug 2010 | Small Industries Development Bank of India | ₹1 Cr | Satisfied |
| 28 Jul 2010 | Yes Bank Limited | ₹1.05 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹1.96 Cr; the latest was in April 2013.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2013 | Funding round | ₹1.96 Cr | Investors: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited has 26 court cases on record: 2 filed by Pro Innovative Technologies, 21 filed against it, 3 where it is another party. 4 cases are pending and 22 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 21 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by The Bank of Baroda Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Unified Globaltech (I) Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by BPL Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Neogrowth Credit Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Pending |
Full case history
All 26 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited has a workforce of 3 employees as of Apr 06, 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 Pro Innovative Technologies Private Limited
Pro Innovative Technologies Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Dilip Sheth ceased to be Additional Director on 30 Sep 2013.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pro Innovative Technologies 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 Pro Innovative Technologies 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 Pro Innovative Technologies 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 Pro Innovative Technologies Private Limited
Pro Innovative Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCR2706G1ZH | Karnataka | Active | 01 Jul 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 Pro Innovative Technologies 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 Pro Innovative Technologies Private Limited
Pro Innovative Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 31 August 2005 (21+ years old) and is registered under CIN U32109KA2005PTC037105.
Pro Innovative Technologies reported revenue of ₹3.49 Cr for FY 2021 (down 69% YoY).
Pro Innovative Technologies has 2 current directors:
- Dhiren Mansukhlal Shah - Director
- Rupa Dhiren Shah - Director
Pro Innovative Technologies reported a net loss of ₹2.54 Cr (net margin -72.8%) and EBITDA of -₹1.69 Cr (EBITDA margin -48.3%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pro Innovative Technologies is -43% over three years and -37% over five years. In the latest year (FY 2021) revenue fell 69%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pro Innovative Technologies is 29AADCR2706G1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Pro Innovative Technologies is U32109KA2005PTC037105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pro Innovative Technologies has 26 court cases on record: 2 filed by the company and 21 filed against it. 4 are pending. Most are in the district courts.
Pro Innovative Technologies was incorporated on 31 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Pro Innovative Technologies has 1 deal on record (1 funding round), with disclosed funding of ₹1.96 Cr; the latest was in April 2013.
The peers of Pro Innovative Technologies by revenue are Rational Technologies Private Limited, Aarvi Trade Solution LLP, Mootek Technologies Private Limited, Pioneer World Private Limited, Aerann Instruments and Engineering Services Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).