About Propellex Solutions Private Limited
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Propellex Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 December 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72920PN2002PTC017514. Its GSTIN is 27AADCP0259J1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shanti Rama Sundaram (Whole-Time Director) and Ramchandran Sundaram.
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 Flat 2A Sunshree Woods Nimb Road Kondhwa, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.86 Lakh. For the same year it recorded a net profit of ₹4.44 Lakh (net margin 56.5%) and EBITDA of ₹4.74 Lakh (EBITDA margin 60.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propellex.co.in.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat 2A Sunshree Woods Nimb Road Kondhwa, Pune, Maharashtra, India – 411004
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Propellex Solutions Private Limited
The main business activity of Propellex Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Propellex Solutions Private Limited FY 2024 filings available
Propellex Solutions Private Limited reported revenue of ₹7.86 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR) of Propellex Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years. EBITDA rose 263% 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 Propellex 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 | ₹4.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.44 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Propellex Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 56.5% | •••• | •••• | •••• | •••• |
| 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 Propellex Solutions are in the company report.
Financial statements from 2015
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 Propellex Solutions Private Limited
Propellex Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prointegra IT Solutions Private Limited | ₹7.91 Lakh (FY 2017) | •••• | •••• | -11.0% | •••• | Nagpur, Maharashtra, India |
| Zealsoft Technology Solutions Private Limited | ₹7.91 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Sivakasi, Tamil Nadu, India |
| Three Seas Infologics Private Limited | ₹7.9 Lakh (FY 2021) | •••• | •••• | -37.0% | •••• | Thiruvananthapuram, Kerala, India |
| Int Infosolution India Limited | ₹7.88 Lakh (FY 2022) | •••• | •••• | -56.0% | •••• | New Delhi, Delhi, India |
| Rpit Spectrum Private Limited | ₹7.87 Lakh (FY 2025) | •••• | •••• | -76.0% | •••• | Hyderabad, Telangana, India |
| Propellex Solutions Private Limited this company | ₹7.86 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Adnig Technologies Private Limited. | ₹7.86 Lakh (FY 2018) | •••• | •••• | -74.0% | •••• | Delhi, India |
| Interstellar Systems Private Limited | ₹7.84 Lakh (FY 2024) | •••• | •••• | 12472.0% | •••• | New Delhi, Delhi, India |
| Legoto Labs Private Limited | ₹7.84 Lakh (FY 2023) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Suryaprabha Infotech Private Limited | ₹7.83 Lakh (FY 2024) | •••• | •••• | -14.0% | •••• | Kolkata, West Bengal, India |
| Foreblend Infiscripts Private Limited | ₹7.83 Lakh (FY 2023) | •••• | •••• | -52.0% | •••• | Namakkal, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Propellex Solutions by revenue in the Information Technology industry (IT Consulting and Services), 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 Propellex Solutions Private Limited
Propellex Solutions Private Limited is audited by VISHRAM R DESHPANDE AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHRAM R DESHPANDE AND 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.
Board of Directors of Propellex Solutions Private Limited
Propellex Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramchandran Sundaram | Director | 15 Mar 2005 | 21 Years 6 Months | Current |
| Shanti Rama Sundaram | Whole-Time Director | 17 Dec 2002 | 23 Years 9 Months | Current |
Ownership and Shareholding of Propellex 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 Propellex Solutions Private Limited
Propellex Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Propellex Solutions Private Limited
Employment history and EPFO contributions of people linked to Propellex 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.
Recent Activity on Propellex Solutions Private Limited
Propellex Solutions Private Limited has 3 board changes on record since 2002: 2 appointments and 1 cessation. The latest: Padmakar Waman Kelkar ceased to be Director on 10 Feb 2011.
Credit Ratings, Litigation & Regulatory Alerts for Propellex 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 Propellex 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 Propellex 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.
GST Compliance of Propellex Solutions Private Limited
Propellex Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP0259J1ZC | Maharashtra | Active | 01 Jul 2017 |
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 Propellex 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.
Frequently Asked Questions about Propellex Solutions Private Limited
Propellex Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 December 2002 (24+ years old) and is registered under CIN U72920PN2002PTC017514.
Propellex Solutions reported revenue of ₹7.86 Lakh for FY 2024.
Propellex Solutions has 2 current directors:
- Shanti Rama Sundaram - Whole-Time Director
- Ramchandran Sundaram - Director
Propellex Solutions reported a net profit of ₹4.44 Lakh (net margin 56.5%) and EBITDA of ₹4.74 Lakh (EBITDA margin 60.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Propellex Solutions is -11% over three years and -20% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Propellex Solutions is 27AADCP0259J1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Propellex Solutions is U72920PN2002PTC017514. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propellex Solutions was incorporated on 17 December 2002, making it 24+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Propellex Solutions by revenue are Prointegra IT Solutions Private Limited, Zealsoft Technology Solutions Private Limited, Three Seas Infologics Private Limited, Int Infosolution India Limited, Rpit Spectrum Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Padmakar Waman Kelkar ceased to be Director on 10 Feb 2011. Ramchandran Sundaram was appointed as Director on 15 Mar 2005. Shanti Rama Sundaram was appointed as Whole-Time Director on 17 Dec 2002.
Propellex Solutions can be reached through the website propellex.co.in. Its registered office is in Pune, Maharashtra, India.