Proverbium Appsolutions Private Limited
About Proverbium Appsolutions Private Limited
Data last updated:
Proverbium Appsolutions Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 18 May 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC093394. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Naveen Agarwal and Ganesh Tukaram Devle.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at No.71 E – 2053 Ground Floor Guru Krupa Nilaya Opp Mosque K. G. Halli Jalahalli West, Bangalore, Karnataka, India – 560015.
As per the financials filed for FY 2021, the company reported a revenue of ₹65,046, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹35,117 (net margin -54%) and EBITDA of -₹29,291 (EBITDA margin -45%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years.
As per MCA filings, the company had satisfied charges of ₹47 Lakh on record.
Company details
Contact details
Proverbium Appsolutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.71 E – 2053 Ground Floor Guru Krupa Nilaya Opp Mosque K. G. Halli Jalahalli West, Bangalore, Karnataka, India – 560015
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Proverbium Appsolutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Proverbium Appsolutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
Financials of Proverbium Appsolutions Private Limited
FY 2021 filings availableProverbium Appsolutions Private Limited reported revenue of ₹65,046 (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over three years. EBITDA fell 101% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Revenue | ₹65,046 | ||||
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| EBITDA | -₹29,291 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹35,117 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -45% | ||||
| Net Profit Margin | -54% | ||||
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To see the full financial statements and ratios of Proverbium Appsolutions Private Limited, buy the company report.
Board of directors of Proverbium Appsolutions Private Limited
Proverbium Appsolutions 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 |
|---|---|---|---|---|
| Naveen Agarwal | Director | 04 Sep 2019 | 7 Years 1 Months | As last reported |
| Ganesh Tukaram Devle | Additional Director | 01 Aug 2024 | 2 Years 2 Months | As last reported |
| Supriya Chakrabarty Also directs: Invenio Business Solutions Private Limited | Additional Director | 27 Dec 2024 | 1 Years 9 Months | As last reported |
Auditor
Proverbium Appsolutions Private Limited is audited by K K RAJ & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K RAJ & CO | FY 2021 | 013851S |
Shareholding
The shareholding of Proverbium Appsolutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Proverbium Appsolutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2017 | 100076300 | Others | ₹47 Lakh | Satisfied |
To see the full charge records of Proverbium Appsolutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Proverbium Appsolutions 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 Proverbium Appsolutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Proverbium Appsolutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Proverbium Appsolutions Private Limited, buy the company report.
Recent activity
Proverbium Appsolutions Private Limited has 7 board changes on record since 2019: 3 appointments and 4 cessations. The latest: Naveen Agarwal ceased to be Director on 27 Dec 2024.
Frequently asked questions
Proverbium Appsolutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Proverbium Appsolutions was a private limited company based in Bangalore, Karnataka, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 18 May 2016 and is registered under CIN U74999KA2016PTC093394. The company has been struck off by the Registrar of Companies and is no longer operational.
Proverbium Appsolutions had 3 directors:
- Naveen Agarwal - Director
- Ganesh Tukaram Devle - Additional Director
- Supriya Chakrabarty - Additional Director
The CIN (Corporate Identification Number) of Proverbium Appsolutions is U74999KA2016PTC093394. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Proverbium Appsolutions is at No.71 E – 2053 Ground Floor Guru Krupa Nilaya Opp Mosque K. G. Halli Jalahalli West, Bangalore, Karnataka, India – 560015.
Proverbium Appsolutions was incorporated on 18 May 2016. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Proverbium Appsolutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from FY 2017 are in the company report.
No. Proverbium Appsolutions has 1 GST registration on record and it is cancelled or inactive.
Proverbium Appsolutions operated in the information technology industry, in the software development and support services segment. It worked in this industry before it was struck off.
Naveen Agarwal ceased to be Director on 27 Dec 2024. Supriya Chakrabarty was appointed as Additional Director on 27 Dec 2024. Arnab Kumar Basu ceased to be Director on 06 Aug 2024. Proverbium Appsolutions has 7 board changes on record in total.