Pronovate Technologies Private Limited
About Pronovate Technologies Private Limited
Data last updated:
Pronovate Technologies Private Limited was a private limited company based in Noida, Uttar Pradesh, 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 corporate training and development segment of the education sector. It was incorporated on 06 September 2017.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U72900UP2017PTC096695. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹14 Lakh and a paid-up capital of ₹13.3 Lakh. It was led by directors including Sonal Bhutani and Rohan Mital.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at House No. 324 Sector 28 Arunvihar Noida Gautam Buddha Nagar, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2023, the company reported a revenue of ₹29,400. For the same year it recorded a net loss of ₹32,800 (net margin -111.6%) and EBITDA of -₹15,600 (EBITDA margin -53.1%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 38% over five years.
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- Registered AddressHouse No. 324 Sector 28 Arunvihar Noida Gautam Buddha Nagar, Uttar Pradesh, India – 201301
- IndustryEducation, Corporate Training & Development
- 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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Financials of Pronovate Technologies Private Limited FY 2023 filings available
Pronovate Technologies Private Limited reported revenue of ₹29,400 for FY 2023.
Compounded Annual Growth Rate (CAGR) of Pronovate Technologies Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years. EBITDA rose 51% 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 Pronovate Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹15,600 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹32,800 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pronovate Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -53.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -111.6% | •••• | •••• | •••• | •••• |
| 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 Pronovate Technologies are in the company report.
Financial statements from FY 2018
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.
Board of Directors of Pronovate Technologies Private Limited
Pronovate Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonal Bhutani | Director | 06 Sep 2017 | 9 Years 1 Months | As last reported |
| Rohan Mital Also directs: Creative Clutch Private Limited | Director | 06 Sep 2017 | 9 Years 1 Months | As last reported |
| Sanjiv Mital Also directs: Royal Datamatics Private Limited, Homekraft Infra Private Limited, Infozech Software Private Limited and 2 more | Director | 11 Oct 2017 | 9 Years 0 Months | As last reported |
Peer Comparison of Pronovate Technologies Private Limited
Pronovate Technologies Private Limited is compared with the companies closest to it by revenue in the Education industry (Corporate and Commercial Training). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| R.M.P Welfare Association | ₹30,000 (FY 2024) | •••• | •••• | -45.0% | •••• | Bareilly, Uttar Pradesh, India |
| Microspark Software Solutions Private Limited | ₹30,000 (FY 2025) | •••• | •••• | -7.0% | •••• | Hyderabad, Telangana, India |
| Willstone L&D India Private Limited | ₹29,932 (FY 2022) | •••• | •••• | •••• | Guwahati, Assam, India | |
| Varaniti Consultancy Services Private Limited | ₹29,690 (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Teachzeal Edu Solutions Private Limited | ₹29,689 (FY 2024) | •••• | •••• | -96.0% | •••• | Bellary, Karnataka, India |
| Pronovate Technologies Private Limited this company | ₹29,400 (FY 2023) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Mayfair Clinical Education and Research Centre Pvt. Ltd. | ₹29,000 (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Edu Bonanza Abroad Studies Private Limited | ₹29,000 (FY 2021) | •••• | •••• | •••• | Kochi, Kerala, India | |
| Shruti Micro Solutions Private Limited | ₹28,950 (FY 2023) | •••• | •••• | •••• | Navi Mumbai, Maharashtra, India | |
| Cosmic Softech Private Limited | ₹28,823 (FY 2025) | •••• | •••• | -96.0% | •••• | Delhi, India |
| Risknowlogy Solutions Private Limited | ₹28,775 (FY 2021) | •••• | •••• | -98.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pronovate Technologies by revenue in the Education industry (Corporate and Commercial Training), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pronovate Technologies Private Limited
Pronovate Technologies Private Limited is audited by Ravish Agrawal & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ravish Agrawal & Associates | 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.
Ownership and Shareholding of Pronovate Technologies 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 Pronovate Technologies Private Limited
Pronovate Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Pronovate Technologies Private Limited
Employment history and EPFO contributions of people linked to Pronovate Technologies.
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.
Recent Activity on Pronovate Technologies Private Limited
Pronovate Technologies Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Sanjiv Mital ceased to be Additional Director on 29 Dec 2018.
Credit Ratings, Litigation & Regulatory Alerts for Pronovate Technologies 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 Pronovate Technologies 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 Pronovate Technologies 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.
GST Compliance of Pronovate Technologies Private Limited
Pronovate Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
MCA Filings & Documents of Pronovate Technologies 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.
Frequently Asked Questions about Pronovate Technologies Private Limited
Pronovate Technologies 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.
Pronovate Technologies was a private limited company based in Noida, Uttar Pradesh, India. The company worked in corporate training and development, within the education industry. It was incorporated on 06 September 2017 and is registered under CIN U72900UP2017PTC096695. The company has been struck off by the Registrar of Companies and is no longer operational.
Pronovate Technologies had 3 directors:
- Sonal Bhutani - Director
- Rohan Mital - Director
- Sanjiv Mital - Director
The CIN (Corporate Identification Number) of Pronovate Technologies is U72900UP2017PTC096695. 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 Pronovate Technologies is at House No. 324 Sector 28 Arunvihar Noida Gautam Buddha Nagar, Uttar Pradesh, India – 201301.
Pronovate Technologies was incorporated on 06 September 2017. It is registered with the Registrar of Companies, Kanpur.
Pronovate Technologies reported revenue of ₹29,400 for FY 2023.
Pronovate Technologies has an authorised share capital of ₹14 Lakh and a paid-up capital of ₹13.3 Lakh.
Pronovate Technologies reported a net loss of ₹32,800 (net margin -111.6%) and EBITDA of -₹15,600 (EBITDA margin -53.1%) for FY 2023, as per its filed financial statements.
No. Pronovate Technologies has 1 GST registration on record and it is cancelled or inactive.
Pronovate Technologies operated in the education industry, in the corporate training and development segment. It worked in this industry before it was struck off.