Procace Online Solutions Private Limited
About Procace Online Solutions Private Limited
Data last updated:
Procace Online Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 22 June 2015.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2015PTC101067. Its GSTIN is 29AAICP1720B1ZS (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Karthikeyan Tamilmani and Sridharan Sriprathapan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at B – 5 Flat No.202 Prince Foundation 31 Ellaya Mudali Street Tondiarpet, Chennai, Tamil Nadu, India – 600081.
As per the financials filed for FY 2023, the company reported a revenue of ₹19,704, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹11.26 Lakh and EBITDA of -₹6.15 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 70% over five years.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressB – 5 Flat No.202 Prince Foundation 31 Ellaya Mudali Street Tondiarpet, Chennai, Tamil Nadu, India – 600081
- IndustryConsumer Electronics & Durables, Furniture 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
Financials of Procace Online Solutions Private Limited FY 2024 filings available
Procace Online Solutions Private Limited reported revenue of ₹19,704 (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Procace Online Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 70% over five years, including a 98% fall 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 Procace Online Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹6.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.26 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 Procace Online Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Procace Online Solutions are in the company report.
Financial statements from FY 2016
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 Procace Online Solutions Private Limited
Procace Online Solutions 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 |
|---|---|---|---|---|
| Karthikeyan Tamilmani Also directs: Arkihive Digital Solutions Private Limited | Director | 22 Jun 2015 | 11 Years 3 Months | As last reported |
| Sridharan Sriprathapan Also directs: Arkihive Digital Solutions Private Limited | Director | 22 Jun 2015 | 11 Years 3 Months | As last reported |
Peer Comparison of Procace Online Solutions Private Limited
Procace Online Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Him Furnitech Engineering Private Limited | ₹22,036 (FY 2018) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
| Tirupati Space Solutions Private Limited | ₹21,887 (FY 2023) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Klett Fixtures Private Limited | ₹21,516 (FY 2025) | •••• | •••• | •••• | Gondal, Gujarat, India | |
| Alhamd Furniture and Decorators Private Limited | ₹21,395 (FY 2018) | •••• | •••• | •••• | Mathura, Uttar Pradesh, India | |
| Sharma Furniture and Decorator Private Limited | ₹21,000 (FY 2025) | •••• | •••• | 10.0% | •••• | Delhi, India |
| Procace Online Solutions Private Limited this company | ₹19,704 (FY 2023) | •••• | •••• | -98.0% | •••• | Chennai, Tamil Nadu, India |
| Yaashri Woodtech Private Limited | ₹18,950 (FY 2025) | •••• | •••• | 37800.0% | •••• | Noida, Uttar Pradesh, India |
| Recro Furniture Private Limited | ₹17,683 (FY 2025) | •••• | •••• | -100.0% | •••• | Patna, Bihar, India |
| Dac Furniture Private Limited | ₹17,500 (FY 2025) | •••• | •••• | -65.0% | •••• | Uttar Pradesh, India |
| Pure Ambition Solutions (OPC) Private Limited | ₹17,181 (FY 2024) | •••• | •••• | -55.0% | •••• | Bokaro, Jharkhand, India |
| Pinaki Art Innovations Private Limited | ₹16,878 (FY 2024) | •••• | •••• | •••• | Jodhpur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Procace Online Solutions by revenue in the Consumer Durables industry (Furniture), 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 Procace Online Solutions Private Limited
Auditor information for Procace Online Solutions Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of Procace Online Solutions 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 Procace Online Solutions Private Limited
Procace Online Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Procace Online Solutions Private Limited
Employment history and EPFO contributions of people linked to Procace Online Solutions.
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 Procace Online Solutions Private Limited
Procace Online Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Divya ceased to be Director on 27 Mar 2017.
Credit Ratings, Litigation & Regulatory Alerts for Procace Online Solutions 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 Procace Online Solutions 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 Procace Online Solutions 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 Procace Online Solutions Private Limited
Procace Online Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP1720B1ZS | 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 Procace Online Solutions 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 Procace Online Solutions Private Limited
Procace Online Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Procace Online Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 22 June 2015 and is registered under CIN U72300TN2015PTC101067. The company has been struck off by the Registrar of Companies and is no longer operational.
Procace Online Solutions had 2 directors:
- Karthikeyan Tamilmani - Director
- Sridharan Sriprathapan - Director
The CIN (Corporate Identification Number) of Procace Online Solutions is U72300TN2015PTC101067. 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 Procace Online Solutions is at B – 5 Flat No.202 Prince Foundation 31 Ellaya Mudali Street Tondiarpet, Chennai, Tamil Nadu, India – 600081.
Procace Online Solutions was incorporated on 22 June 2015. It is registered with the Registrar of Companies, Chennai.
Procace Online Solutions reported revenue of ₹19,704 for FY 2023 (down 98% YoY).
Procace Online Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Procace Online Solutions reported a net loss of ₹11.26 Lakh and EBITDA of -₹6.15 Lakh for FY 2023, as per its filed financial statements.
The GSTIN of Procace Online Solutions is 29AAICP1720B1ZS, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Procace Online Solutions operated in the consumer electronics and durables industry, in the furniture manufacturing segment. It worked in this industry before it was struck off.