About Proverne Solutions Private Limited
Data last updated:
Proverne Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 19 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC108786. Its GSTIN is 29AAJCP5839J1ZQ (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Yogesh Venkatareddy and Mangesh Adgaonkar Prabhakar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 1202 Flat No 401 11th Main 9th Cross Judicial Layout Yelahanka, Bangalore, Karnataka, India – 560065.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.95 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹30.38 Lakh (net margin 7.7%) and EBITDA of ₹45.76 Lakh (EBITDA margin 11.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 11% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ProVerne. As per MCA filings, the company has open charges of ₹11 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proverne.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 1202 Flat No 401 11th Main 9th Cross Judicial Layout Yelahanka, Bangalore, Karnataka, India – 560065
- IndustryInformation Technology, Software Development & 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 Proverne Solutions Private Limited
The main business activity of Proverne Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Proverne Solutions Private Limited FY 2025 filings available
Proverne Solutions Private Limited reported revenue of ₹3.95 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Proverne Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 33% growth in the latest year. EBITDA rose 18% 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 Proverne Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹45.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.38 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Proverne Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.7% | •••• | •••• | •••• | •••• |
| 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 Proverne Solutions are in the company report.
Financial statements from FY 2018
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 Proverne Solutions Private Limited
Proverne Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ayushi Computers Private Limited | ₹3.97 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Jaipur, Rajasthan, India |
| Vis Technoserve Private Limited | ₹3.96 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Gandhidham, Gujarat, India |
| Jignect Technologies Private Limited | ₹3.96 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | Ahmedabad, Gujarat, India |
| F(X) Data Labs Private Limited | ₹3.96 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Sandcube Analytics Private Limited | ₹3.96 Cr (FY 2018) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Proverne Solutions Private Limited this company | ₹3.95 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Nidhu Infotech Private Limited | ₹3.95 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Chikkaballapura, Karnataka, India |
| Techforce Infotech Private Limited | ₹3.95 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Ahmadabad City, Gujarat, India |
| Kryon Publishing Services Private Limited | ₹3.94 Cr (FY 2025) | •••• | •••• | 152.0% | •••• | Chennai 600053, Tamil Nadu, India |
| Bizmerlinhr Private Limited | ₹3.94 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Punjab, India |
| Acel Solutions Private Limited | ₹3.93 Cr (FY 2025) | •••• | •••• | -70.0% | •••• | Bhubaneswar, Orissa, India |
Peers are the five companies nearest above and the five nearest below Proverne Solutions by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Proverne Solutions Private Limited
Proverne Solutions Private Limited is audited by G S VASAN AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S VASAN 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 Proverne Solutions Private Limited
Proverne Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Venkatareddy Also directs: Terra Opulix Ventures LLP | Director | 19 Dec 2017 | 8 Years 9 Months | Current |
| Mangesh Adgaonkar Prabhakar | Director | 19 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Proverne 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 Proverne Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2022 | Hdfc Bank Limited | ₹11 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Proverne Solutions Private Limited
Proverne Solutions operates one associated brand: ProVerne. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides specialized tools for business aviation and airline operators to optimize operations. | proverne.com |
Employees and EPFO Compliance at Proverne Solutions Private Limited
Proverne Solutions Private Limited has a workforce of 23 employees as of Mar 30, 2024.
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 Proverne Solutions Private Limited
Proverne Solutions Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Mangesh Adgaonkar Prabhakar was appointed as Director on 19 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Proverne 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 Proverne 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 Proverne 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 Proverne Solutions Private Limited
Proverne Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP5839J1ZQ | Karnataka | Active | 31 Jan 2018 |
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 Proverne 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 Proverne Solutions Private Limited
Proverne Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 19 December 2017 (9+ years old) and is registered under CIN U72900KA2017PTC108786.
Proverne Solutions reported revenue of ₹3.95 Cr for FY 2025 (up 33% YoY).
Proverne Solutions has 2 current directors:
- Yogesh Venkatareddy - Director
- Mangesh Adgaonkar Prabhakar - Director
Proverne Solutions reported a net profit of ₹30.38 Lakh (net margin 7.7%) and EBITDA of ₹45.76 Lakh (EBITDA margin 11.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Proverne Solutions is 21% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Proverne Solutions is 29AAJCP5839J1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Proverne Solutions is U72900KA2017PTC108786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proverne Solutions was incorporated on 19 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Proverne Solutions by revenue are Ayushi Computers Private Limited, Vis Technoserve Private Limited, Jignect Technologies Private Limited, F(X) Data Labs Private Limited, Sandcube Analytics Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Mangesh Adgaonkar Prabhakar was appointed as Director on 19 Dec 2017. Yogesh Venkatareddy was appointed as Director on 19 Dec 2017.
Yes, Proverne Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).