Protinus Fashion Networking Private Limited

Protinus Fashion Networking Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74140KA2015PTC081589 Incorporated 15 July 2015 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company internet MSME · Micro
Data last updated
Revenue · FY 2024
₹1.39 Cr
▼ 74% YoY
Net loss · FY 2024
₹2.64 Cr
Net margin -189.9%
EBITDA · FY 2024
-₹2.32 Cr
EBITDA margin -166.9%
Authorised capital
₹2.12 Cr
Registered with MCA
Paid-up capital
₹1.79 Cr
Issued & subscribed
Open charges
₹30 Lakh
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
72
Provident fund records

About Protinus Fashion Networking Private Limited

Data last updated:

Protinus Fashion Networking Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the professional networking platforms segment of the internet and digital services sector. It was incorporated on 15 July 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2015PTC081589. Its GSTIN is 29AAICP2787J2ZP (Karnataka). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2.12 Cr and a paid-up capital of ₹1.79 Cr. It is led by directors Nikhil Ramesh Hegde (Whole-Time Director) and Amit Bhardwaj.

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 Bangalore, Karnataka.

As per the financials filed for FY 2024, the company reported a revenue of ₹1.39 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹2.64 Cr (net margin -189.9%) and EBITDA of -₹2.32 Cr (EBITDA margin -166.9%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 26% over five years.

The company has about 72 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: MeriStore and 6Degree. As per MCA filings, the company has open charges of ₹30 Lakh on record. Court records list 10 cases involving the company, including 10 filed against it; 6 cases are pending. The company has 13 deals on record (7 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹22.8 Cr; the latest was in May 2022.

Protinus Fashion Networking Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0197227). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 6degree.co.

Company details

CIN U74140KA2015PTC081589
Registration Number 081589
Incorporation Date 15 July 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0197227
Key People
Nikhil Ramesh Hegde Whole-Time Director Amit Bhardwaj Director

Recognitions & Rankings of Protinus Fashion Networking

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0197227

Contact details

Protinus Fashion Networking Private Limited's registered office is in Bangalore, Karnataka. Its website is 6degree.co. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    6degree.co
  • Social Media
  • Registered Address
    M. No. #652 3rd Floor Khata No. 4312/652, 22nd Cross 23rd Main Hsr Layout Section 2, Bangalore, Karnataka, India – 560102
  • Industry
    Internet, Professional Networking Platforms

To see the full contact details of Protinus Fashion Networking Private Limited, buy the company report.

Comprehensive company report
Protinus Fashion Networking 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

Protinus Fashion Networking operates two associated brands: MeriStore and 6Degree. Each brand links to its own profile.

BrandDescriptionWebsite
MeriStore
Delivers a platform for storefront solutions tailored to businesses.meristore.in
6Degree
End-to-end e-commerce solutions are provided for lifestyle retail brands.6degree.co

Business activity

The main business activity of Protinus Fashion Networking is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Protinus Fashion Networking Private Limited, buy the company report.

Financials of Protinus Fashion Networking Private Limited

FY 2024 filings available

Protinus Fashion Networking Private Limited reported revenue of ₹1.39 Cr (down 74% YoY) for FY 2024.

Revenue · FY 2024
₹1.39 Cr ▼ 74%
Net loss · FY 2024
₹2.64 Cr margin -189.9%
EBITDA · FY 2024
-₹2.32 Cr margin -166.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 74%
3 years · compounded
▼ 47%
5 years · compounded
▼ 26%
EBITDA CAGR growth
1 year
▲ 70%
3 years · compounded
▲ 17%
5 years · compounded
▼ 49%

Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 74% fall in the latest year. EBITDA rose 70% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹2.32 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.64 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-166.9%
Net Profit Margin-189.9%
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 Protinus Fashion Networking Private Limited, buy the company report.

Board of directors of Protinus Fashion Networking Private Limited

Protinus Fashion Networking has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Amit Bhardwaj
Also directs: Shradha Setu Private Limited, 3Ionetra Faith and Technology Services Private Limited
Director15 Jul 201511 Years 3 MonthsCurrent
Nikhil Ramesh HegdeWhole-Time Director15 Jul 201511 Years 3 MonthsCurrent
View all directors

Auditor

Protinus Fashion Networking Private Limited is audited by BC Shetty & Co for the financial year 2022.

Auditor firmFinancial yearFirm registration number
BC Shetty & CoFY 2022003819S

Shareholding

The shareholding of Protinus Fashion Networking Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Protinus Fashion Networking Private Limited, buy the company report.

Charges & borrowings

Open charges
₹30 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Feb 2025101058895Others₹30 LakhOpen

Total charge records: 1 View all charges

Deals & funding

Protinus Fashion Networking Private Limited has 13 deals on record (7 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹22.8 Cr; the latest was in May 2022.

Total deals
13
Funding rounds
7
Convertible or debt financings
3
Secondary share transfers
3
Disclosed funding
₹22.8 Cr

Deals on record (5 of 13)

WhenDealAmountParties
Feb 2021Secondary share transferUndisclosedBuyer: Accretio Investments
Seller: AB Claymore Private Limited
Sep 2019Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jun 2017Funding round₹16.4 LakhInvestors: CIBA ( Centre For Incubation & Business Acceleration )
Jul 2016Funding round · Seed₹1.07 CrInvestors: 4 individuals
Mar 2016Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals

To see the full deal history of Protinus Fashion Networking Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Protinus Fashion Networking Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Protinus Fashion Networking Private Limited has a workforce of 72 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.

Employee count
72
Active EPFO establishments
1
Employee growth
16.13%

GST

Protinus Fashion Networking has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAICP2787J2ZPKarnatakaActive29 Aug 2017

To see the full GST registrations and return filing status of Protinus Fashion Networking Private Limited, buy the company report.

Recent activity

Protinus Fashion Networking Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Arun Vijaykumar Gupta ceased to be Director on 07 Aug 2023.

Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 101058895 was registered on 14 Feb 2025.
AGM
Protinus Fashion Networking Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Protinus Fashion Networking Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Arun Vijaykumar Gupta ceased to be Director.
Ceased
Nikhil Ramesh Hegde ceased to be Director.
Ceased
Hiren Pravinchandra Turakhia ceased to be Additional Director.
Ceased
Abhishek Agarwal ceased to be Additional Director.
Appointed
Amit Bhardwaj was appointed as Director.
Appointed
Nikhil Ramesh Hegde was appointed as Whole-Time Director.
Incorporation
15 Jul 2015
Protinus Fashion Networking Private Limited was registered on 15 Jul 2015 with Roc Bangalore & aged 11 years 3 months as per MCA records.

News

Frequently asked questions

Protinus Fashion Networking is an active private limited company based in Bangalore, Karnataka, India. The company works in professional networking platforms, within the internet industry. It was incorporated on 15 July 2015 (11+ years old) and is registered under CIN U74140KA2015PTC081589.

Protinus Fashion Networking has 2 current directors:

The latest financial statements of Protinus Fashion Networking on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Protinus Fashion Networking is 29AAICP2787J2ZP, 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 Protinus Fashion Networking is U74140KA2015PTC081589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Protinus Fashion Networking has 10 court cases on record: 10 filed against it. 6 are pending.

Protinus Fashion Networking was incorporated on 15 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Protinus Fashion Networking has 13 deals on record (7 funding rounds, 3 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹22.8 Cr; the latest was in May 2022.

Arun Vijaykumar Gupta ceased to be Director on 07 Aug 2023. Nikhil Ramesh Hegde ceased to be Director on 12 Apr 2021. Hiren Pravinchandra Turakhia ceased to be Additional Director on 30 Sep 2019. Protinus Fashion Networking has 6 board changes on record in total.

Yes, Protinus Fashion Networking is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0197227).