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Prolance Services Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹26.64 Cr
▲ 207% YoY
Net loss · FY 2024
₹4.9 Cr
Net margin -18.4%
EBITDA · FY 2024
-₹3.74 Cr
EBITDA margin -14%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹47.95 Lakh
Issued & subscribed
Open charges
₹3 Cr
Satisfied ₹1 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
11
Provident fund records
About Prolance Services Private Limited
Data last updated:
Prolance Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 23 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36109KA2020PTC142528. Its GSTIN is 29AALCP6767F1ZS (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹47.95 Lakh. It is led by directors including Rama Kolluru Harinath and Manoj Kumar Kumaran.
Its last annual general meeting (AGM) was held on 25 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.64 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.9 Cr (net margin -18.4%) and EBITDA of -₹3.74 Cr (EBITDA margin -14%).
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prolance. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹1 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹20.28 Cr; the latest was in September 2023.
Prolance Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0075543). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prolance.co.in.
Company details
CIN U36109KA2020PTC142528
Registration Number 142528
Incorporation Date 23 December 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0075543
Key People
Rama Kolluru Harinath Director Manoj Kumar Kumaran Director Jaisimha Sathyanarayana Director Recognitions & Rankings of Prolance Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0075543
Contact details
Prolance Services Private Limited's registered office is in Bangalore, Karnataka. Its website is prolance.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 1/A Ground Floor Pushparang Apartment, 14 Cornwell Cross Road Langford Gardens, Bangalore, Karnataka, India – 560025
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Prolance Services Private Limited, buy the company report.
Comprehensive company report
Prolance Services Private Limited - one report that includes everything
- 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
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Brands
Prolance Services operates one associated brand: Prolance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| B2B SaaS platform for interior designers, architects, contractors, and panel processing factories | prolance.co.in |
Business activity
The main business activities of Prolance Services are manufacturing and professional, scientific and technical. In detail, this covers wood and wood products, furniture, paper and paper products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Prolance Services Private Limited, buy the company report.
Financials of Prolance Services Private Limited
FY 2025 filings availableProlance Services Private Limited reported revenue of ₹26.64 Cr (up 207% YoY) for FY 2024.
Revenue · FY 2024
₹26.64 Cr ▲ 207%
Net loss · FY 2024
₹4.9 Cr margin -18.4%
EBITDA · FY 2024
-₹3.74 Cr margin -14%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 207%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▼ 387%
Revenue rose 207% in the latest year. EBITDA rose 20% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | -₹3.74 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.9 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -14% | |||
| Net Profit Margin | -18.4% | |||
| 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 Prolance Services Private Limited, buy the company report.
Board of directors of Prolance Services Private Limited
Prolance Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Kolluru Harinath | Director | 23 Dec 2020 | 5 Years 10 Months | Current |
| Manoj Kumar Kumaran Also directs: Deltacadd Solutions Private Limited | Director | 10 Mar 2025 | 1 Years 8 Months | Current |
| Jaisimha Sathyanarayana Also directs: Deltacadd Solutions Private Limited | Director | 17 Mar 2025 | 1 Years 7 Months | Current |
| Madipakam Parasuram Vivek Also directs: PVN Realty Projects LLP | Director | 23 Dec 2020 | 5 Years 10 Months | Current |
Auditor
Prolance Services Private Limited is audited by SSB & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SSB & ASSOCIATES | FY 2022 | 010372S |
Shareholding
The shareholding of Prolance Services Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Prolance Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2023 | 100823200 | Others | ₹3 Cr | Open | |
| 21 Jun 2022 | 100592531 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Prolance Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Prolance Services Private Limited has 4 deals on record (2 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹20.28 Cr; the latest was in September 2023.
Total deals
4
Funding rounds
2
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹20.28 Cr
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Funding round · Seed | ₹16.31 Cr | Investors: Foundamental, Pratithi Investments, Arali Ventures |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
To see the full deal history of Prolance Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prolance Services Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by Fratl Intelligence Private Limited | Pending |
To see the full case history of Prolance Services Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prolance Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prolance Services Private Limited has a workforce of 11 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-76.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 11 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Prolance Services Private Limited, buy the company report.
GST
Prolance Services has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP6767F1ZS | Karnataka | Active | 01 Feb 2021 |
| 36AALCP6767F1ZX | Telangana | Active | 22 Mar 2022 |
| 06AALCP6767F1Z0 | Haryana | Active | 27 Jan 2024 |
To see the full GST registrations and return filing status of Prolance Services Private Limited, buy the company report.
Recent activity
Prolance Services Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Jaisimha Sathyanarayana ceased to be Additional Director on 24 Nov 2025.
AGM
Prolance Services Private Limited last Annual general meeting of members was held on 25 Nov 2025 as per latest MCA records.
Ceased
Jaisimha Sathyanarayana ceased to be Additional Director.
Ceased
Manoj Kumar Kumaran ceased to be Additional Director.
Filing
Prolance Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Jaisimha Sathyanarayana was appointed as Director.
Appointed
Manoj Kumar Kumaran was appointed as Director.
Charges
A charge registered on 21 Jun 2022 via Charge ID 100592531 with Others was fully satisfied on 30 Oct 2023.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 100823200 was registered on 28 Aug 2023.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100592531 was registered on 21 Jun 2022.
Appointed
Madipakam Parasuram Vivek was appointed as Director.
Appointed
Rama Kolluru Harinath was appointed as Director.
Incorporation
23 Dec 2020
Prolance Services Private Limited was registered on 23 Dec 2020 with Roc Bangalore & aged 5 years 10 months as per MCA records.
Frequently asked questions
Prolance Services is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 23 December 2020 (6+ years old) and is registered under CIN U36109KA2020PTC142528.
Prolance Services has 4 current directors:
- Rama Kolluru Harinath - Director
- Manoj Kumar Kumaran - Director
- Jaisimha Sathyanarayana - Director
- Madipakam Parasuram Vivek - Director
The latest financial statements of Prolance Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 November 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Prolance Services is 29AALCP6767F1ZS, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 36AALCP6767F1ZX (Telangana), 06AALCP6767F1Z0 (Haryana).
The CIN (Corporate Identification Number) of Prolance Services is U36109KA2020PTC142528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prolance Services has 1 court case on record: 1 filed against it. 1 is pending.
Prolance Services was incorporated on 23 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Prolance Services has 4 deals on record (2 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹20.28 Cr; the latest was in September 2023.
Jaisimha Sathyanarayana ceased to be Additional Director on 24 Nov 2025. Manoj Kumar Kumaran ceased to be Additional Director on 24 Nov 2025. Jaisimha Sathyanarayana was appointed as Director on 17 Mar 2025. Prolance Services has 6 board changes on record in total.
Yes, Prolance Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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