About Propellente IT Private Limited
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Propellente IT Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC118061. Its GSTIN is 29AAKCP1690G1Z3 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shanthalakshmi Narasimha Char and Satish Avani Nagarajasastry.
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 No.78 40th Cross Road 5th Block Jayanagar, Bangalore, Karnataka, India – 560041.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.2 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹12.92 Lakh (net margin -58.2%) and EBITDA of -₹11.51 Lakh (EBITDA margin -51.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 52% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Propellente IT.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propellente.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.78 40th Cross Road 5th Block Jayanagar, Bangalore, Karnataka, India – 560041
- 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
Business Activity of Propellente IT Private Limited
The main business activity of Propellente IT 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.
Financials of Propellente IT Private Limited FY 2025 filings available
Propellente IT Private Limited reported revenue of ₹22.2 Lakh (down 52% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Propellente IT Private Limited
Revenue fell 52% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. EBITDA fell 181% 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 Propellente IT Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹11.51 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.92 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 Propellente IT Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -58.2% | •••• | •••• | •••• | •••• |
| 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 Propellente IT are in the company report.
Financial statements from FY 2019
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.
Peer Comparison of Propellente IT Private Limited
Propellente IT Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nimatooz Smile Mobility Private Limited | ₹22.23 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | Pudukkottai, Tamil Nadu, India |
| Speakdesk Private Limited | ₹22.23 Lakh (FY 2025) | •••• | •••• | 60.0% | •••• | New Delhi, Delhi, India |
| Ecom Therapy Private Limited | ₹22.22 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Advantagesb Communications Private Limited | ₹22.21 Lakh (FY 2024) | •••• | •••• | 119.0% | •••• | Lucknow, Uttar Pradesh, India |
| Immative Technologies Private Limited | ₹22.2 Lakh (FY 2024) | •••• | •••• | -73.0% | •••• | Mumbai, Maharashtra, India |
| Propellente IT Private Limited this company | ₹22.2 Lakh (FY 2025) | •••• | •••• | -52.0% | •••• | Bangalore, Karnataka, India |
| Analytics Valley Technologies Private Limited | ₹22.19 Lakh (FY 2023) | •••• | •••• | -55.0% | •••• | Bangalore, Karnataka, India |
| Kaur IT Solutions (OPC) Private Limited | ₹22.19 Lakh (FY 2019) | •••• | •••• | •••• | Mohali, Punjab, India | |
| Devhen Applab Private Limited | ₹22.18 Lakh (FY 2022) | •••• | •••• | -40.0% | •••• | Ahmedabad, Gujarat, India |
| Indiriser Appliances & Services Private Limited | ₹22.18 Lakh (FY 2022) | •••• | •••• | -50.0% | •••• | Hyderabad, Telangana, India |
| Ibolt Communications Private Limited | ₹22.18 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Thrissur, Kerala, India |
Peers are the five companies nearest above and the five nearest below Propellente IT by revenue in the same principal business activity (Other information & communication service activities), 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 Propellente IT Private Limited
Propellente IT Private Limited is audited by GOWTHAMA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOWTHAMA & 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 Propellente IT Private Limited
Propellente IT has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanthalakshmi Narasimha Char | Director | 28 May 2021 | 5 Years 4 Months | Current |
| Satish Avani Nagarajasastry Also directs: Igniting Minds Aerospace Private Limited | Director | 22 Feb 2023 | 3 Years 7 Months | Current |
| Shravan Balkrishna Kulkarni | Director | 06 Feb 2026 | 0 Years 8 Months | Current |
Ownership and Shareholding of Propellente IT 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 Propellente IT Private Limited
Propellente IT Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Propellente IT Private Limited
Propellente IT operates one associated brand: Propellente IT. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive enterprise information management, content management, and e-commerce solutions with customized support. | propellente.com |
Employees and EPFO Compliance at Propellente IT Private Limited
Propellente IT Private Limited has a workforce of 2 employees as of Apr 08, 2024.
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 Propellente IT Private Limited
Propellente IT Private Limited has 7 board changes on record since 2018: 4 appointments and 3 cessations. The latest: Shravan Balkrishna Kulkarni was appointed as Director on 06 Feb 2026.
Credit Ratings, Litigation & Regulatory Alerts for Propellente IT 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 Propellente IT 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 Propellente IT 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 Propellente IT Private Limited
Propellente IT has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP1690G1Z3 | Karnataka | Active | 10 Sep 2020 |
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 Propellente IT 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 Propellente IT Private Limited
Propellente IT 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 27 October 2018 (8+ years old) and is registered under CIN U72900KA2018PTC118061.
Propellente IT reported revenue of ₹22.2 Lakh for FY 2025 (down 52% YoY).
Propellente IT has 3 current directors:
- Shanthalakshmi Narasimha Char - Director
- Satish Avani Nagarajasastry - Director
- Shravan Balkrishna Kulkarni - Director
Propellente IT reported a net loss of ₹12.92 Lakh (net margin -58.2%) and EBITDA of -₹11.51 Lakh (EBITDA margin -51.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Propellente IT is -18% over three years and 52% over five years. In the latest year (FY 2025) revenue fell 52%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Propellente IT is 29AAKCP1690G1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Propellente IT is U72900KA2018PTC118061. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propellente IT was incorporated on 27 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Propellente IT by revenue are Nimatooz Smile Mobility Private Limited, Speakdesk Private Limited, Ecom Therapy Private Limited, Advantagesb Communications Private Limited, Immative Technologies Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Shravan Balkrishna Kulkarni was appointed as Director on 06 Feb 2026. Satish Avani Nagarajasastry was appointed as Director on 22 Feb 2023. Shanthalakshmi Narasimha Char ceased to be Additional Director on 24 Dec 2021. Propellente IT has 7 board changes on record in total.
Yes, Propellente IT is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).