About Prolific Systems and Technologies Private Limited
Data last updated:
Prolific Systems and Technologies Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 16 July 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U30007MH1997PTC109461. Its GSTIN is 27AABCP0645A1ZZ (Maharashtra). The company holds 19 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹21.65 Cr and a paid-up capital of ₹3.43 Cr. It is led by directors including Rajeush Ballamwar and Vasudeo Shrirang Joshi.
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 is at Plot No.A – 267 MIDC Near Esis Hospital Road No.16 – A Wagle Industrial Estate, Thane, Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.74 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹6.39 Cr (net margin -111.2%) and EBITDA of -₹2.46 Cr (EBITDA margin -42.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 40% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prolific Systems & Technologies. As per MCA filings, the company has open charges of ₹57.51 Cr and satisfied charges of ₹95.85 Cr on record. Court records list 19 cases involving the company, including 7 filed by the company and 12 filed against it; 4 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.24 Cr; the latest was in June 2017.
The last known website on record is prolificepc.com.
Company details
Contact details
Prolific Systems and Technologies Private Limited's registered office is in Thane, Maharashtra. Its website is prolificepc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.A – 267 MIDC Near Esis Hospital Road No.16 – A Wagle Industrial Estate, Thane, Maharashtra, India – 400604
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Prolific Systems and Technologies 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
Brands
Prolific Systems and Technologies operates one associated brand: Prolific Systems & Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of piping, electrical, instrumentation, automation & IT solution | prolificindia.com |
Business activity
The main business activity of Prolific Systems and Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Prolific Systems and Technologies Private Limited, buy the company report.
Financials of Prolific Systems and Technologies Private Limited
FY 2024 filings availableProlific Systems and Technologies Private Limited reported revenue of ₹5.74 Cr (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 46% fall in the latest year. EBITDA rose 87% 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 | FY 2019-20 |
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| EBITDA | -₹2.46 Cr | ||||
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| Net Profit (PAT) | -₹6.39 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -42.8% | ||||
| Net Profit Margin | -111.2% | ||||
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To see the full financial statements and ratios of Prolific Systems and Technologies Private Limited, buy the company report.
Board of directors of Prolific Systems and Technologies Private Limited
Prolific Systems and Technologies has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeush Ballamwar | Director | 16 Jul 1997 | 29 Years 3 Months | As last reported |
| Vasudeo Shrirang Joshi | Director | 20 Aug 2007 | 19 Years 2 Months | As last reported |
| Vijay Dattatraya Baoney | Director | 20 Aug 2007 | 19 Years 2 Months | As last reported |
| Ganesh Keshaorao Ballamwar | Director | 30 Sep 2002 | 24 Years 1 Months | As last reported |
Auditor
Prolific Systems and Technologies Private Limited is audited by P. M. Pophale & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. M. Pophale & Associates | FY 2023 | 107979W |
Shareholding
The shareholding of Prolific Systems and Technologies Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Prolific Systems and Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2020 | 100396456 | Axis Bank Limited | ₹2.94 Cr | Open | |
| 26 Feb 2018 | 100194847 | Others | ₹23 Cr | Open | |
| 30 Oct 2015 | 10610901 | Others | ₹23.5 Cr | Open | |
| 16 Jan 2014 | 10474988 | Others | ₹8.07 Cr | Open | |
| 30 Oct 2015 | 10607013 | Others | ₹21 Cr | Satisfied |
To see the full charge records of Prolific Systems and Technologies Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Prolific Systems and Technologies Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.24 Cr; the latest was in June 2017.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Funding round | ₹1.31 Cr | Investors: Canbank Ventures |
| Jul 2016 | Funding round | ₹1.7 Cr | Investors: Canbank Ventures |
| Sep 2015 | Funding round | ₹16.99 Cr | Investors: Canbank Ventures |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Asia Vocational Training Company, an individual Seller: Shri Pathee Investments Private Limited , Sreevee Securities Private Limited , an individual |
| Dec 2007 | Funding round | ₹24.4 Lakh | Investors: 4 individuals |
To see the full deal history of Prolific Systems and Technologies 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
Prolific Systems and Technologies Private Limited has 19 court cases on record: 7 filed by Prolific Systems and Technologies, 12 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 3 |
| High courts | 6 | 1 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed by the company against M.P.M.K.V.V.C.L. and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Nissar Transformers Pvt. Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by Sanjay Poojari Directorate General of GST Intelligence | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S Sangitta Private Limited Through Umesh Patkar | Pending |
To see the full case history of Prolific Systems and Technologies 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.
Credit ratings & regulatory alerts
Prolific Systems and Technologies Private Limited was last rated by Crisil on 19 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Jul 2021 |
To see the full credit ratings and regulatory alerts of Prolific Systems and Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prolific Systems and Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prolific Systems and Technologies Private Limited has a workforce of 9 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Prolific Systems and Technologies has 19 GST registrations: 2 active and 17 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCP0645A1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 36AABCP0645A1Z0 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prolific Systems and Technologies Private Limited, buy the company report.
Recent activity
Prolific Systems and Technologies Private Limited has 15 board changes on record since 1997: 4 appointments and 11 cessations. The latest: Rajagopal Chakravarthi ceased to be Nominee Director on 29 Sep 2021.
41 earlier events are in the company report.
Frequently asked questions
Prolific Systems and Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Prolific Systems and Technologies is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 16 July 1997 and is registered under CIN U30007MH1997PTC109461. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prolific Systems and Technologies has 4 current directors:
- Rajeush Ballamwar - Director
- Vasudeo Shrirang Joshi - Director
- Vijay Dattatraya Baoney - Director
- Ganesh Keshaorao Ballamwar - Director
The latest financial statements of Prolific Systems and Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prolific Systems and Technologies is U30007MH1997PTC109461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prolific Systems and Technologies has open charges of ₹57.51 Cr and satisfied charges of ₹95.85 Cr as per latest MCA filings.
Prolific Systems and Technologies has 19 court cases on record: 7 filed by the company and 12 filed against it. 4 are pending. Most are in the district courts.
Prolific Systems and Technologies was incorporated on 16 July 1997. It is registered with the Registrar of Companies, Mumbai.
Prolific Systems and Technologies has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹29.24 Cr; the latest was in June 2017.
Rajagopal Chakravarthi ceased to be Nominee Director on 29 Sep 2021. Baskaran Kesavareddiyar ceased to be Nominee Director on 31 Jul 2020. Nishi Jain ceased to be Company Secretary on 29 Jun 2020. Prolific Systems and Technologies has 15 board changes on record in total.
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