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Propelor India Private Limited - transport and logistics in Noida, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹98.44 Cr
▼ 5% YoY
Net loss · FY 2025
₹13.25 Cr
Net margin -13.5%
EBITDA · FY 2025
-₹12.2 Cr
EBITDA margin -12.4%
Authorised capital
₹45 Cr
Registered with MCA
Paid-up capital
₹39.8 Cr
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
75
Provident fund records
Directors on board
3
As per MCA filings
About Propelor India Private Limited
Data last updated:
Propelor India Private Limited is a private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Propelor Pte. Ltd. and recognised as a startup by DPIIT. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 10 November 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U63090UP2021PTC155221. Its GSTIN is 09AAGCI4011C1Z3 (Uttar Pradesh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.8 Cr. It was formerly known as Ipdipship India Private Limited. It is led by directors including Vir Krishna Kotak and Surya Prakash Gokavarapu.
Its last annual general meeting (AGM) was held on 27 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6th Floor Tower A Lotus Business Park, Plot 8 Sector 127 Noida Gautam Buddha Nagar, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2025, the company reported a revenue of ₹98.44 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹13.25 Cr (net margin -13.5%) and EBITDA of -₹12.2 Cr (EBITDA margin -12.4%).
The company has about 75 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in June 2022. Its 3 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 2 larger and 1 smaller; the largest is Utc Overseas India Private Limited with revenue of ₹99.38 Cr. The company has 6 MSME Form 1 returns on record between 2023 and 2024, listing 508 overdue payments to 8 micro and small suppliers.
Propelor India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-UP-28-0040792). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website propelor.io.
Company details
CIN U63090UP2021PTC155221
Registration Number 155221
Incorporation Date 10 November 2021
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 December 2025
Date of Balance Sheet 31 March 2025
Parent Company Propelor Pte. Ltd.
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-UP-28-0040792
Recognitions & Rankings of Propelor India
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-UP-28-0040792
Contact details
Propelor India Private Limited's registered office is in Noida, Uttar Pradesh. Its website is propelor.io. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6th Floor Tower A Lotus Business Park, Plot 8 Sector 127 Noida Gautam Buddha Nagar, Uttar Pradesh, India – 201301
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Propelor India Private Limited, buy the company report.
Comprehensive company report
Propelor India 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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Business activity
The main business activity of Propelor India is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Propelor India Private Limited, buy the company report.
Financials of Propelor India Private Limited
FY 2025 filings availablePropelor India Private Limited reported revenue of ₹98.44 Cr (down 5% YoY) for FY 2025.
Revenue · FY 2025
₹98.44 Cr ▼ 5%
Net loss · FY 2025
₹13.25 Cr margin -13.5%
EBITDA · FY 2025
-₹12.2 Cr margin -12.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 5%
EBITDA CAGR growth
1 year
▼ 78%
3 years · compounded
▼ 188%
Revenue fell 5% in the latest year. EBITDA fell 78% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹12.2 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹13.25 Cr | |||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -12.4% | |||
| Net Profit Margin | -13.5% | |||
| 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 | ||||
To see the full financial statements and ratios of Propelor India Private Limited, buy the company report.
Board of directors of Propelor India Private Limited
Propelor India 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 |
|---|---|---|---|---|
| Vir Krishna Kotak Also directs: Context.Resorts Private Limited, Parabola Projectile Projects Private Limited, Context.Eat Private Limited and 3 more | Director | 10 Nov 2021 | 4 Years 11 Months | Current |
| Surya Prakash Gokavarapu Also directs: Context.Resorts Private Limited, Parabola Projectile Projects Private Limited, Context.Eat Private Limited and 3 more | Director | 10 Nov 2021 | 4 Years 11 Months | Current |
| Dolly Jha Also directs: Parabola Projectile Projects Private Limited | Director | 16 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Propelor India Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Utc Overseas India Private Limited | ₹99.38 Cr (FY 2024) | 15.0% | New Delhi, Delhi, India | |||
| Bee Logistics SCM Private Limited | ₹99.21 Cr (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Propelor India Private Limitedthis company | ₹98.44 Cr (FY 2025) | -₹13.25 Cr | -13.5% | -5.0% | 75 | Noida, Uttar Pradesh, India |
| Velji Dosabhai and Sons Private Limited | ₹97.71 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Propelor India Private Limited, buy the company report.
Auditor
Propelor India Private Limited is audited by KNAV & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KNAV & CO. LLP | FY 2023 | 120458W/W100679 |
Shareholding
The shareholding of Propelor India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Propelor India Private Limited, buy the company report.
Deals & funding
Propelor India Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in June 2022.
Total deals
1
Funding round
1
Disclosed funding
₹9 Cr
To see the full deal history of Propelor India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Propelor India Private Limited has 1 court case on record: 1 filed by Propelor India. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against Mohanlal Shankarlal Agro Food Private L Imited | Pending |
To see the full case history of Propelor India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Propelor India Private Limited has 6 MSME Form 1 returns on record between 2023 and 2024, listing 508 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Masters Logistics Solutions India Private Limited | |||
| Trident HRM Services Private Limited | |||
| A J S Logistics Private Limited | |||
| Boxcoworld Private Limited | |||
| Travsol Worldwide Private Limited |
To see the full MSME payment records of Propelor India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Propelor India Private Limited has a workforce of 75 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
75
Active EPFO establishments
1
Employee growth
87.5%
GST
Propelor India has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAGCI4011C1Z3 | Uttar Pradesh | Active | 24 Feb 2022 |
| 33AAGCI4011C1ZC | Tamil Nadu | Active | 17 Feb 2023 |
| 24AAGCI4011C1ZB | Gujarat | Active | 22 Feb 2024 |
To see the full GST registrations and return filing status of Propelor India Private Limited, buy the company report.
Recent activity
Propelor India Private Limited has 9 board changes on record since 2021: 6 appointments and 3 cessations. The latest: Nitin Gupta ceased to be Additional Director on 22 Dec 2025.
AGM
Propelor India Private Limited last Annual general meeting of members was held on 27 Dec 2025 as per latest MCA records.
Ceased
Nitin Gupta ceased to be Additional Director.
Appointed
Dolly Jha was appointed as Director.
Ceased
Udit Mittal ceased to be Director.
Ceased
Kumar Pulkeshin ceased to be Director.
Appointed
Nitin Gupta was appointed as Additional Director.
Filing
Propelor India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh Ii.
Appointed
Udit Mittal was appointed as Director.
Appointed
Kumar Pulkeshin was appointed as Director.
Appointed
Surya Prakash Gokavarapu was appointed as Director.
Appointed
Vir Krishna Kotak was appointed as Director.
Incorporation
10 Nov 2021
Propelor India Private Limited was registered on 10 Nov 2021 with Roc Uttar Pradesh Ii & aged 4 years 11 months as per MCA records.
Frequently asked questions
Propelor India is an active private limited company based in Noida, Uttar Pradesh, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 10 November 2021 (5+ years old) and is registered under CIN U63090UP2021PTC155221.
Propelor India has 3 current directors:
- Vir Krishna Kotak - Director
- Surya Prakash Gokavarapu - Director
- Dolly Jha - Director
The latest financial statements of Propelor India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 December 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Propelor India is 09AAGCI4011C1Z3, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AAGCI4011C1ZC (Tamil Nadu), 24AAGCI4011C1ZB (Gujarat).
The CIN (Corporate Identification Number) of Propelor India is U63090UP2021PTC155221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Propelor India has 1 court case on record: 1 filed by the company. 1 is pending.
Propelor India was incorporated on 10 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Propelor India has 1 deal on record (1 funding round), with disclosed funding of ₹9 Cr; the latest was in June 2022.
The peers of Propelor India by revenue are Utc Overseas India Private Limited, Bee Logistics SCM Private Limited, Velji Dosabhai and Sons Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Nitin Gupta ceased to be Additional Director on 22 Dec 2025. Dolly Jha was appointed as Director on 16 Dec 2025. Udit Mittal ceased to be Director on 27 Oct 2025. Propelor India has 9 board changes on record in total.
Yes, Propelor India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Propelor India is registered as an MSME under Udyam registration (number: UDYAM-UP-28-0040792).
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