About Proaxive Consultants Private Limited
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Proaxive Consultants Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 04 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC125877.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Keerthan Bangarappa Palavalli and Manikanteswara Varma Kortherlla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.49 3rd Floor South End Road Tata Silk Farm Basavanagudi, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.95 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹13,552 (net margin -0.7%) and EBITDA of -₹759 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 76% over five years.
For more details, the company can be reached via its website proaxive.in.
Company details
Contact details
Proaxive Consultants Private Limited's registered office is in Bangalore, Karnataka. Its website is proaxive.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.49 3rd Floor South End Road Tata Silk Farm Basavanagudi, Bangalore, Karnataka, India – 560004
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Proaxive Consultants 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
Business activity
The main business activity of Proaxive Consultants is professional, scientific and technical. In detail, this covers accounting, book keeping and auditing activities, tax consultancy.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy |
To see the full business activity and turnover split of Proaxive Consultants Private Limited, buy the company report.
Financials of Proaxive Consultants Private Limited
FY 2023 filings availableProaxive Consultants Private Limited reported revenue of ₹18.95 Lakh (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 76% over five years, including 2% growth in the latest year. EBITDA fell 113% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹759 | ||||
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| Net Profit (PAT) | -₹13,552 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Proaxive Consultants Private Limited, buy the company report.
Board of directors of Proaxive Consultants Private Limited
Proaxive Consultants has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manikanteswara Varma Kortherlla Also directs: Elevate Chits and Finances Private Limited, Glean Cowork Space Private Limited, Open Find Technologies Private Limited and 5 more | Additional Director | 26 Mar 2021 | 5 Years 7 Months | Current |
| Keerthan Bangarappa Palavalli Also directs: Proshyamedia LLP, Elevate Chits and Finances Private Limited, Glean Cowork Space Private Limited and 2 more | Director | 04 Jul 2019 | 7 Years 3 Months | Current |
Auditor
Proaxive Consultants Private Limited is audited by C JAGADEESH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C JAGADEESH & CO | FY 2023 | 240462 |
Shareholding
The shareholding of Proaxive Consultants Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Proaxive Consultants Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proaxive Consultants 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 Proaxive Consultants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Proaxive Consultants Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Proaxive Consultants Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Manikanteswara Varma Kortherlla was appointed as Additional Director on 26 Mar 2021.
Frequently asked questions
Proaxive Consultants is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 04 July 2019 (7+ years old) and is registered under CIN U74999KA2019PTC125877.
Proaxive Consultants has 2 current directors:
- Manikanteswara Varma Kortherlla - Additional Director
- Keerthan Bangarappa Palavalli - Director
The latest financial statements of Proaxive Consultants on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Proaxive Consultants is U74999KA2019PTC125877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proaxive Consultants was incorporated on 04 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Manikanteswara Varma Kortherlla was appointed as Additional Director on 26 Mar 2021. Nayana Devaraju ceased to be Director on 26 Mar 2021. Keerthan Bangarappa Palavalli was appointed as Director on 04 Jul 2019.
Proaxive Consultants can be reached through the website proaxive.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Proaxive Consultants is at No.49 3rd Floor South End Road Tata Silk Farm Basavanagudi, Bangalore, Karnataka, India – 560004.
Proaxive Consultants operates in the information technology industry, in the IT consulting and support services segment.
Proaxive Consultants is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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