About Procureli India Private Limited
Data last updated:
Procureli India Private Limited was a foreign private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Procureli Inc. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 December 2019.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019FTC131059. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Ahamed Shah Wahidullah and Ayyagari Abhishek Rao.
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 was at Hd203 Purva Whitehall Sarjapur Main Road Opposite Motherhood Hospital, Bangalore, Karnataka, India – 560035.
As per the financials filed for FY 2022, the company reported a revenue of ₹97.62 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹16.07 Lakh (net margin -16.5%) and EBITDA of -₹16.07 Lakh (EBITDA margin -16.5%).
The company was associated with 1 brand: YbanQ.
The last known website on record is ybanq.com.
Company details
Contact details
Procureli India Private Limited's registered office is in Bangalore, Karnataka. Its website is ybanq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHd203 Purva Whitehall Sarjapur Main Road Opposite Motherhood Hospital, Bangalore, Karnataka, India – 560035
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Procureli India 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 Procureli India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Procureli India Private Limited, buy the company report.
Financials of Procureli India Private Limited
FY 2022 filings availableProcureli India Private Limited reported revenue of ₹97.62 Lakh (down 63% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 63% in the latest year. EBITDA fell 157% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹97.62 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹16.07 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹16.07 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 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -16.5% | ||
| Net Profit Margin | -16.5% | ||
| 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 | |||
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| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Procureli India Private Limited, buy the company report.
Board of directors of Procureli India Private Limited
Procureli India has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ahamed Shah Wahidullah | Director | 26 Dec 2019 | 6 Years 9 Months | As last reported |
| Ayyagari Abhishek Rao | Director | 26 Dec 2019 | 6 Years 9 Months | As last reported |
| Gopalakrishna Pillai Padmakumar Also directs: Santanderina India Private Limited, SCL Commercial India Private Limited, Greenwich Metals India Private Limited and 5 more | Comp. Inc. Oi As Promoter | 26 Dec 2019 | 6 Years 9 Months | As last reported |
| Vighneshwar Bhat | Irp/Rp/Liquidator | 02 May 2023 | 3 Years 5 Months | As last reported |
Peer comparison
Procureli India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vecrear Technologies Private Limited | ₹97.69 Lakh (FY 2024) | -70.0% | Bangalore, Karnataka, India | |||
| Alevar Technologies India Private Limited | ₹97.67 Lakh (FY 2024) | 149.0% | Bangalore, Karnataka, India | |||
| Itorix Systems Private Limited | ₹97.66 Lakh (FY 2023) | 145.0% | Bengaluru, Karnataka, India | |||
| Nagaich Services Private Limited | ₹97.66 Lakh (FY 2025) | 63.0% | Gurgaon, Haryana, India | |||
| Apptmyz Technologies Private Limited | ₹97.64 Lakh (FY 2025) | -55.0% | Secunderabad, Telangana, India | |||
| Procureli India Private Limitedthis company | ₹97.62 Lakh (FY 2022) | -₹16.07 Lakh | -16.5% | -63.0% | Bangalore, Karnataka, India | |
| Webmaxters Technologies Private Limited | ₹97.58 Lakh (FY 2018) | -56.0% | Kolkata, West Bengal, India | |||
| Mainstay Development Consultants Private Limited | ₹97.56 Lakh (FY 2025) | -41.0% | Secunderabad, Telangana, India | |||
| Ibongo IT Solutions Private Limited | ₹97.52 Lakh (FY 2024) | -2.0% | Jaipur, Rajasthan, India | |||
| Pazer Network Solutions Private Limited | ₹97.52 Lakh (FY 2024) | -64.0% | Bangalore, Karnataka, India | |||
| Arkwiz IT Solutions Private Limited | ₹97.51 Lakh (FY 2020) | 1900.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Procureli India Private Limited, buy the company report.
Auditor
Procureli India Private Limited is audited by A S P R & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S P R & CO | FY 2022 | 018262S |
Shareholding
The shareholding of Procureli India Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Procureli India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Procureli India 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 Procureli India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Procureli India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Procureli India Private Limited, buy the company report.
Recent activity
Procureli India Private Limited has 4 board changes on record since 2019: 4 appointments. The latest: Vighneshwar Bhat was appointed as Irp/Rp/Liquidator on 02 May 2023.
Frequently asked questions
Procureli India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Procureli India was a foreign private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 26 December 2019 and is registered under CIN U74999KA2019FTC131059. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Procureli India was incorporated on 26 December 2019. It is registered with the Registrar of Companies, Bangalore.
Procureli India had 4 directors:
- Ahamed Shah Wahidullah - Director
- Ayyagari Abhishek Rao - Director
- Gopalakrishna Pillai Padmakumar - Comp. Inc. Oi As Promoter
- Vighneshwar Bhat - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Procureli India is U74999KA2019FTC131059. 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 Procureli India is at Hd203 Purva Whitehall Sarjapur Main Road Opposite Motherhood Hospital, Bangalore, Karnataka, India – 560035.
Procureli India can be reached through the website ybanq.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Procureli India 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 2020 are in the company report.
No. Procureli India has 1 GST registration on record and it is cancelled or inactive.
Procureli India operated in the information technology industry, in the application development and software solutions segment.
The peers of Procureli India by revenue are Vecrear Technologies Private Limited, Alevar Technologies India Private Limited, Itorix Systems Private Limited, Nagaich Services Private Limited, Apptmyz Technologies Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).