MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0209251
Propel Logic IT Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹38.8 Lakh
▲ 131% YoY
Net profit · FY 2024
₹3.4 Lakh
Net margin 8.8%
EBITDA · FY 2024
₹4.83 Lakh
EBITDA margin 12.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹7.5 Lakh
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
3
As per MCA filings
About Propel Logic IT Solutions Private Limited
Data last updated:
Propel Logic IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2011PTC058141. Its GSTIN is 29AAFCP9537M2ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Srujana Malladihalli Anjaneya and Thimmaraju Nagaraju.
Its last annual general meeting (AGM) was held on 30 September 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 ₹38.8 Lakh, a growth of 131% compared to the previous year. For the same year it recorded a net profit of ₹3.4 Lakh (net margin 8.8%) and EBITDA of ₹4.83 Lakh (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 15% over five years.
The company is associated with 1 brand: Propellogic It Solutions. As per MCA filings, the company has open charges of ₹7.5 Lakh on record.
Propel Logic IT Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0209251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propellogic.co.in.
Company details
CIN U72900KA2011PTC058141
Registration Number 058141
Incorporation Date 13 April 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0209251
Key People
Srujana Malladihalli Anjaneya Director Shashidhar Nagarajappa Terikere Additional Director Thimmaraju Nagaraju Director Recognitions & Rankings of Propel Logic IT Solutions
Contact details
Propel Logic IT Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is propellogic.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 002, Msr Daffodils Basapura Hosur Road, Bangalore, Karnataka, India – 560100
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Propel Logic IT Solutions Private Limited, buy the company report.
Comprehensive company report
Propel Logic IT Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Propel Logic IT Solutions operates one associated brand: Propellogic It Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides application development and digital marketing services to support business strategies. | propellogic.co.in |
Business activity
The main business activity of Propel Logic IT Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Propel Logic IT Solutions Private Limited, buy the company report.
Financials of Propel Logic IT Solutions Private Limited
FY 2025 filings availablePropel Logic IT Solutions Private Limited reported revenue of ₹38.8 Lakh (up 131% YoY) for FY 2024.
Revenue · FY 2024
₹38.8 Lakh ▲ 131%
Net profit · FY 2024
₹3.4 Lakh margin 8.8%
EBITDA · FY 2024
₹4.83 Lakh margin 12.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 131%
3 years · compounded
▲ 8%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 186%
3 years · compounded
▲ 6%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 131% growth in the latest year. EBITDA rose 186% 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 | ₹4.83 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹3.4 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 12.5% | ||||
| Net Profit Margin | 8.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Propel Logic IT Solutions Private Limited, buy the company report.
Board of directors of Propel Logic IT Solutions Private Limited
Propel Logic IT Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srujana Malladihalli Anjaneya | Director | 02 Sep 2023 | 3 Years 1 Months | Current |
| Shashidhar Nagarajappa Terikere | Additional Director | 25 Jun 2012 | 14 Years 4 Months | Current |
| Thimmaraju Nagaraju | Director | 13 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Propel Logic IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autogram Technosoft Private Limited | ₹38.84 Lakh (FY 2021) | -21.0% | Kolkata, West Bengal, India | |||
| Maa Institute of Medical Science Private Limited | ₹38.83 Lakh (FY 2024) | Noida, Uttar Pradesh, India | ||||
| Millennials Management Private Limited | ₹38.81 Lakh (FY 2023) | 13.0% | New Delhi, Delhi, India | |||
| Green Blood Multi Service Private Limited | ₹38.81 Lakh (FY 2023) | -79.0% | Perambalur, Tamil Nadu, India | |||
| Cruvz Online Shopping India Private Limited | ₹38.81 Lakh (FY 2024) | 40.0% | Bangalore, Karnataka, India | |||
| Propel Logic IT Solutions Private Limitedthis company | ₹38.8 Lakh (FY 2024) | ₹3.4 Lakh | 8.8% | 131.0% | Bangalore, Karnataka, India | |
| Excrin Digital Lab Private Limited | ₹38.77 Lakh (FY 2023) | 49.0% | Chennai, Tamil Nadu, India | |||
| Cyspace Global Technology Private Limited | ₹38.77 Lakh (FY 2025) | -19.0% | Hyderabad, Telangana, India | |||
| Aic-Jklu Foundation | ₹38.76 Lakh (FY 2025) | 278.0% | Laliya Ka Baas, Ajmer Road, Rajasthan, India | |||
| Corezebra Security Services Private Limited | ₹38.75 Lakh (FY 2024) | 27.0% | Delhi, India | |||
| Aayush Shipping Private Limited | ₹38.75 Lakh (FY 2020) | 26.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Propel Logic IT Solutions Private Limited, buy the company report.
Auditor
Propel Logic IT Solutions Private Limited is audited by PASHA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PASHA & CO | FY 2018 | 014181S |
Shareholding
The shareholding of Propel Logic IT Solutions Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Propel Logic IT Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.5 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2021 | 100449364 | Others | ₹7.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Propel Logic IT Solutions 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 Propel Logic IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Propel Logic IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCP9537M2ZK | Karnataka | Active | 11 Sep 2017 |
To see the full GST registrations and return filing status of Propel Logic IT Solutions Private Limited, buy the company report.
Recent activity
Propel Logic IT Solutions Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Shashidhar Nagarajappa Terikere ceased to be Additional Director on 13 Feb 2025.
AGM
Propel Logic It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Propel Logic It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Shashidhar Nagarajappa Terikere ceased to be Additional Director.
Appointed
Srujana Malladihalli Anjaneya was appointed as Director.
Charges
A charge with Others amounted to Rs. 7.50 Lakh with Charge ID 100449364 was registered on 06 Jan 2021.
Ceased
Chandra Mohan Sharma ceased to be Director.
Ceased
Salan Bernard Khalkho ceased to be Director.
Appointed
Shashidhar Nagarajappa Terikere was appointed as Additional Director.
Appointed
Thimmaraju Nagaraju was appointed as Director.
Incorporation
13 Apr 2011
Propel Logic It Solutions Private Limited was registered on 13 Apr 2011 with Roc Bangalore & aged 15 years 6 months as per MCA records.
Frequently asked questions
Propel Logic IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 April 2011 (15+ years old) and is registered under CIN U72900KA2011PTC058141.
Propel Logic IT Solutions has 3 current directors:
- Srujana Malladihalli Anjaneya - Director
- Shashidhar Nagarajappa Terikere - Additional Director
- Thimmaraju Nagaraju - Director
The latest financial statements of Propel Logic IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Propel Logic IT Solutions is 29AAFCP9537M2ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Propel Logic IT Solutions is U72900KA2011PTC058141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propel Logic IT Solutions was incorporated on 13 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Propel Logic IT Solutions by revenue are Autogram Technosoft Private Limited, Maa Institute of Medical Science Private Limited, Millennials Management Private Limited, Green Blood Multi Service Private Limited, Cruvz Online Shopping India Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Shashidhar Nagarajappa Terikere ceased to be Additional Director on 13 Feb 2025. Srujana Malladihalli Anjaneya was appointed as Director on 02 Sep 2023. Chandra Mohan Sharma ceased to be Director on 25 Jun 2012. Propel Logic IT Solutions has 6 board changes on record in total.
Yes, Propel Logic IT Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0209251).
Propel Logic IT Solutions can be reached through the website propellogic.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Propel Logic IT Solutions is at Flat No 002, Msr Daffodils Basapura Hosur Road, Bangalore, Karnataka, India – 560100.