Startup India Government of India
Proacscent Business Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹1.13 Cr
▲ 129% YoY
Net loss · FY 2020
₹47.16 Lakh
Net margin -41.6%
EBITDA · FY 2020
-₹43.54 Lakh
EBITDA margin -38.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
2
Provident fund records
Directors on board
2
As per MCA filings
About Proacscent Business Solutions Private Limited
Data last updated:
Proacscent Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC104227. Its GSTIN is 29AAJCP2753K1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rahamathulla K S and Azmathulla.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at #1 M.C Plaza 2nd Floor 1st Main I X H G H Layout 1st Cross Ganganagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.13 Cr, a growth of 129% compared to the previous year. For the same year it recorded a net loss of ₹47.16 Lakh (net margin -41.6%) and EBITDA of -₹43.54 Lakh (EBITDA margin -38.4%).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Proacscent.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proacscentglobal.com.
Company details
CIN U72900KA2017PTC104227
Registration Number 104227
Incorporation Date 28 June 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Proacscent Business Solutions
Contact details
Proacscent Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is proacscentglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#1 M.C Plaza 2nd Floor 1st Main I X H G H Layout 1st Cross Ganganagar, Bangalore, Karnataka, India – 560032
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Proacscent Business Solutions Private Limited, buy the company report.
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- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Brands
Proacscent Business Solutions operates one associated brand: Proacscent. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive IT solutions with expertise in project implementation. | proacscentglobal.com |
Financials of Proacscent Business Solutions Private Limited
FY 2022 filings availableProacscent Business Solutions Private Limited reported revenue of ₹1.13 Cr (up 129% YoY) for FY 2020.
Revenue · FY 2020
₹1.13 Cr ▲ 129%
Net loss · FY 2020
₹47.16 Lakh margin -41.6%
EBITDA · FY 2020
-₹43.54 Lakh margin -38.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 129%
Revenue rose 129% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.13 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹43.54 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹47.16 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -38.4% | ||
| Net Profit Margin | -41.6% | ||
| 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 | |||
To see the full financial statements and ratios of Proacscent Business Solutions Private Limited, buy the company report.
Board of directors of Proacscent Business Solutions Private Limited
Proacscent Business Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahamathulla K S | Additional Director | 28 Nov 2022 | 3 Years 11 Months | Current |
| Azmathulla Also directs: Vistaplots Real Estate Solutions Private Limited | Additional Director | 02 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Proacscent Business Solutions Private Limited is audited by NOUMAN SAIT AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NOUMAN SAIT AND ASSOCIATES | FY 2019 | 013409S |
Shareholding
The shareholding of Proacscent Business Solutions Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Proacscent Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proacscent Business Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Proacscent Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Proacscent Business Solutions Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Employee growth
100%
GST
Proacscent Business Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP2753K1ZX | Karnataka | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Proacscent Business Solutions Private Limited, buy the company report.
Recent activity
Proacscent Business Solutions Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Rahamathulla K S was appointed as Additional Director on 28 Nov 2022.
Appointed
Rahamathulla K S was appointed as Additional Director.
Ceased
Salma Kouser ceased to be Director.
AGM
Proacscent Business Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Proacscent Business Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Azmathulla was appointed as Additional Director.
Ceased
Shaikh Sumaiya Banu ceased to be Additional Director.
Ceased
Azmathulla ceased to be Director.
Incorporation
28 Jun 2017
Proacscent Business Solutions Private Limited was registered on 28 Jun 2017 with Roc Bangalore & aged 9 years 4 months as per MCA records.
Frequently asked questions
Proacscent Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 June 2017 (9+ years old) and is registered under CIN U72900KA2017PTC104227.
Proacscent Business Solutions has 2 current directors:
- Rahamathulla K S - Additional Director
- Azmathulla - Additional Director
The latest financial statements of Proacscent Business Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Proacscent Business Solutions is 29AAJCP2753K1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Proacscent Business Solutions is U72900KA2017PTC104227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proacscent Business Solutions was incorporated on 28 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Rahamathulla K S was appointed as Additional Director on 28 Nov 2022. Salma Kouser ceased to be Director on 28 Nov 2022. Azmathulla was appointed as Additional Director on 02 Sep 2021. Proacscent Business Solutions has 5 board changes on record in total.
Yes, Proacscent Business Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Proacscent Business Solutions can be reached through the website proacscentglobal.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Proacscent Business Solutions is at #1 M.C Plaza 2nd Floor 1st Main I X H G H Layout 1st Cross Ganganagar, Bangalore, Karnataka, India – 560032.
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