About Promolta IT Solutions Private Limited
Data last updated:
Promolta IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Promolta.Com, Inc.. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC087088. Its GSTIN is 29AAGCC4017Q1Z8 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1,000. It was formerly known as Cutting Edge It Solutions Private Limited. It is led by directors Sima Roy and Vladimir Kachur.
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 3rd Floor 135 1st Cross 5th Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.14 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹21.34 Lakh (net margin 6.8%) and EBITDA of ₹29.14 Lakh (EBITDA margin 9.3%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
The company is associated with 1 brand: Promolta.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website promolta.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3rd Floor 135 1st Cross 5th Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Associated Brands with Promolta IT Solutions Private Limited
Promolta IT Solutions operates one associated brand: Promolta. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A self-service advertising platform for video marketers and creators | promolta.com |
Competitors & Alternatives of Promolta IT Solutions Private Limited
Brands and companies operating in the same space as Promolta IT Solutions Private Limited include MomentShift, ytLove, ViewGrip and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 MomentShift | A platform offering solutions for YouTube views and subscriber growth. | Junagadh, India | 2021 |
 ytLove | A platform offering solutions to help users grow their YouTube subscribers effectively. | Cekme, Turkey | 2020 |
 ViewGrip | Provides solutions for growing YouTube subscribers. | - | 2014 |
 AnyBoost | Offers a platform for social media-based loyalty solutions. | Moscow, Russia | 2019 |
 TubeMine | Offers a platform for YouTube subscriber growth solutions. | United States | 2019 |
 Ad-social | Offers a platform for social media subscriber growth solutions. | Saint Petersburg, Russia | 2014 |
 Channel Booster | An app that helps users boost views and subscribers for their YouTube channels. | Dhaka, Bangladesh | 2023 |
 YtGrow | Provides an application to boost subscriber growth for YouTube users. | Mandi Bahauddin, Pakistan | 2021 |
 Win Benefit | Provides a platform for growing social media subscribers effectively. | France | 2020 |
Business Activity of Promolta IT Solutions Private Limited
The main business activity of Promolta IT Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Promolta IT Solutions Private Limited
Promolta IT Solutions Private Limited is audited by S R G A & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R G A & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Promolta IT Solutions Private Limited
Promolta IT Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sima Roy | Director | 22 Sep 2023 | 3 Years 0 Months | Current |
| Vladimir Kachur | Director | 06 May 2016 | 10 Years 4 Months | Current |
Financials of Promolta IT Solutions Private Limited FY 2024 filings available
Promolta IT Solutions Private Limited reported revenue of ₹3.14 Cr (down 21.00% YoY) for FY 2024.
Growth of Promolta IT Solutions Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▼ 21% | ▲ 9% | ▼ 5% |
| Net profit | ▼ 38% | ▲ 13% | ▼ 10% |
| EBITDA | ▼ 38% | ▲ 14% | ▼ 10% |
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 21% 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 Promolta IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹29.14 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21.34 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 Promolta IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.8% | •••• | •••• | •••• | •••• |
| 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 Promolta IT 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.
Ownership and Shareholding of Promolta IT 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 Promolta IT Solutions Private Limited
Promolta IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Promolta IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Promolta IT 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.
GST Compliance of Promolta IT Solutions Private Limited
Promolta IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC4017Q1Z8 | Karnataka | Active | 04 May 2018 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Promolta IT 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 Promolta IT 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 Promolta IT 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.
MCA Filings & Documents of Promolta IT 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.
Recent Activity on Promolta IT Solutions Private Limited
Frequently Asked Questions about Promolta IT Solutions Private Limited
Promolta IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 March 2016 (10+ years old) and is registered under CIN U72200KA2016PTC087088.
Promolta IT Solutions reported revenue of ₹3.14 Cr for FY 2024 (down 21.00% YoY).
Promolta IT Solutions has 2 current directors:
- Sima Roy - Director
- Vladimir Kachur - Director
Promolta IT Solutions reported a net profit of ₹21.34 Lakh (net margin 6.8%) and EBITDA of ₹29.14 Lakh (EBITDA margin 9.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Promolta IT Solutions is 9% over three years and -5% over five years. In the latest year (FY 2024) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Promolta IT Solutions is 29AAGCC4017Q1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Promolta IT Solutions is U72200KA2016PTC087088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promolta IT Solutions was incorporated on 18 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Promolta IT Solutions can be reached through the website promolta.com. Its registered office is in Bangalore, Karnataka, India.