DPIIT recognised startup Government of India
Startup India
Propeller Solutions Private Limited
Propeller Solutions Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹1,004
▲ 154% YoY
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1.2 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2021
Balance sheet date
About Propeller Solutions Private Limited
Data last updated:
Propeller Solutions Private Limited is a private limited company based in Bengaluru, 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 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC116687. Its GSTIN is 29AAKCP1051H1ZE (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.2 Lakh. It is led by directors including Rajeev Chadha and Sandeep Suri.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No.737 Kheny Plaza Cmh Road Binnamangala 2nd Cross Indiranagar, Bengaluru, Karnataka, India – 560038.
The company is associated with 1 brand: Birdfin.
Company details
CIN U74999KA2018PTC116687
Registration Number 116687
Incorporation Date 20 September 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Propeller Solutions
Contact details
Propeller Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.737 Kheny Plaza Cmh Road Binnamangala 2nd Cross Indiranagar, Bengaluru, Karnataka, India – 560038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Propeller Solutions Private Limited, buy the company report.
Comprehensive company report
Propeller 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
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Brands
Propeller Solutions operates one associated brand: Birdfin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a mobile-based platform for financial literacy resources. | birdfin.app |
Business activity
The main business activity of Propeller Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Propeller Solutions Private Limited, buy the company report.
Financials of Propeller Solutions Private Limited
FY 2021 filings availablePropeller Solutions Private Limited reported revenue of ₹1,004 (up 154% YoY) for FY 2021.
Revenue · FY 2021
₹1,004 ▲ 154%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 154%
Revenue rose 154% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1,004 | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | |||
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| Tax Expense | |||
| Net Profit (PAT) | |||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Fixed Assets | |||
| Investments | |||
| Inventories | |||
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| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
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| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Propeller Solutions Private Limited, buy the company report.
Board of directors of Propeller Solutions Private Limited
Propeller Solutions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Chadha | Director | 01 Feb 2019 | 7 Years 9 Months | Current |
| Sandeep Suri | Director | 20 Sep 2019 | 7 Years 1 Months | Current |
| Ritesh Mehrotra | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
| Swapan Kumar Dutta | Director | 01 Feb 2019 | 7 Years 9 Months | Current |
Peer comparison
Propeller Solutions Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pixinformatics Solution (OPC) Private Limited | ₹1,088 (FY 2025) | -95.0% | Delhi, India | |||
| Technocrome IT Solutions Private Limited | ₹1,085 (FY 2020) | Srinagar, Jammu and Kashmir, India | ||||
| Null Technologies (OPC) Private Limited | ₹1,082 (FY 2025) | -100.0% | Chennai, Tamil Nadu, India | |||
| Propeller Solutions Private Limitedthis company | ₹1,004 (FY 2021) | 154.0% | Bengaluru, Karnataka, India | |||
| Digital Infosys Private Limited | ₹1,003 (FY 2024) | -9.0% | Jaipur, Rajasthan, India | |||
| Supplynet Software Services Private Limited | ₹1,003 (FY 2021) | Bangalore, Karnataka, India | ||||
| Inforcloud Consultants Private Limited (OPC) | ₹1,000 (FY 2018) | -99.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Alelo Tech Private Limited | ₹1,000 (FY 2024) | Chennai, Tamil Nadu, India |
To see the full peer comparison of Propeller Solutions Private Limited, buy the company report.
Auditor
Propeller Solutions Private Limited is audited by S ANANTH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S ANANTH & CO | FY 2021 | 011772S |
Shareholding
The shareholding of Propeller Solutions Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Propeller Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Propeller 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 Propeller Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Propeller Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP1051H1ZE | Karnataka | Active | 17 Jun 2019 |
To see the full GST registrations and return filing status of Propeller Solutions Private Limited, buy the company report.
Recent activity
Propeller Solutions Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Sandeep Suri ceased to be Additional Director on 31 Dec 2020.
AGM
Propeller Solutions Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Propeller Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Ceased
Sandeep Suri ceased to be Additional Director.
Appointed
Sandeep Suri was appointed as Director.
Ceased
Rajni Suri ceased to be Director.
Appointed
Rajeev Chadha was appointed as Director.
Appointed
Swapan Kumar Dutta was appointed as Director.
Appointed
Ritesh Mehrotra was appointed as Director.
Incorporation
20 Sep 2018
Propeller Solutions Private Limited was registered on 20 Sep 2018 with Roc Bangalore & aged 8 years 1 month as per MCA records.
Frequently asked questions
Propeller Solutions is an active private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U74999KA2018PTC116687.
Propeller Solutions has 4 current directors:
- Rajeev Chadha - Director
- Sandeep Suri - Director
- Ritesh Mehrotra - Director
- Swapan Kumar Dutta - Director
The latest financial statements of Propeller Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Propeller Solutions is 29AAKCP1051H1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Propeller Solutions is U74999KA2018PTC116687. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propeller Solutions was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Propeller Solutions by revenue are Pixinformatics Solution (OPC) Private Limited, Technocrome IT Solutions Private Limited, Null Technologies (OPC) Private Limited, Digital Infosys Private Limited, Supplynet Software Services Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Sandeep Suri ceased to be Additional Director on 31 Dec 2020. Sandeep Suri was appointed as Director on 20 Sep 2019. Rajni Suri ceased to be Director on 09 Aug 2019. Propeller Solutions has 6 board changes on record in total.
Yes, Propeller Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Propeller Solutions is at No.737 Kheny Plaza Cmh Road Binnamangala 2nd Cross Indiranagar, Bengaluru, Karnataka, India – 560038.
Propeller Solutions operates in the information technology industry, in the application development and software solutions segment.
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