About Promition Infotech Private Limited
Data last updated:
Promition Infotech Private Limited was a private limited company based in Ahmedabad, Gujarat, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 October 2017.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC099300. The company has 1 GST registration on record, which is no longer active.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 ₹10 Lakh. It was led by directors Sanket Jayantilal Virani and Jaydeep Jayantilal Virani.
Its last annual general meeting (AGM) was held on 18 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at I – 201 Garden Residency 1 Bopal, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2022, the company reported a revenue of ₹21.05 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹20.33 Lakh (net margin 96.6%) and EBITDA of -₹72,211 (EBITDA margin -3.4%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years.
The last known website on record is promition.com.
Company details
Contact details
Promition Infotech Private Limited's registered office is in Ahmedabad, Gujarat. Its website is promition.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressI – 201 Garden Residency 1 Bopal, Ahmedabad, Gujarat, India – 380058
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Promition Infotech 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
Financials of Promition Infotech Private Limited
FY 2024 filings availablePromition Infotech Private Limited reported revenue of ₹21.05 Lakh (up 336766% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over three years. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.05 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹72,211 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.33 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.4% | ||||
| Net Profit Margin | 96.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Promition Infotech Private Limited, buy the company report.
Board of directors of Promition Infotech Private Limited
Promition Infotech has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanket Jayantilal Virani | Director | 02 Jun 2020 | 6 Years 4 Months | As last reported |
| Jaydeep Jayantilal Virani | Director | 03 Oct 2017 | 9 Years 0 Months | As last reported |
Auditor
Promition Infotech Private Limited is audited by M K MALANI AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K MALANI AND CO | FY 2018 | 143849W |
Shareholding
The shareholding of Promition Infotech Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Promition Infotech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Promition Infotech 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 Promition Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promition Infotech 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 Promition Infotech Private Limited, buy the company report.
Recent activity
Promition Infotech Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Sanket Jayantilal Virani ceased to be Additional Director on 29 Nov 2021.
Frequently asked questions
Promition Infotech 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.
Promition Infotech was a private limited company based in Ahmedabad, Gujarat, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 03 October 2017 and is registered under CIN U72900GJ2017PTC099300. The company has been struck off by the Registrar of Companies and is no longer operational.
Promition Infotech had 2 directors:
- Sanket Jayantilal Virani - Director
- Jaydeep Jayantilal Virani - Director
The CIN (Corporate Identification Number) of Promition Infotech is U72900GJ2017PTC099300. 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 Promition Infotech is at I – 201 Garden Residency 1 Bopal, Ahmedabad, Gujarat, India – 380058.
Promition Infotech was incorporated on 03 October 2017. It is registered with the Registrar of Companies, Ahmedabad.
Promition Infotech can be reached through the website promition.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Promition Infotech on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 September 2024. Year-wise statements from FY 2018 are in the company report.
No. Promition Infotech has 1 GST registration on record and it is cancelled or inactive.
Promition Infotech operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.
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