Proverve Retail Private Limited
About Proverve Retail Private Limited
Data last updated:
Proverve Retail Private Limited is a private limited company based in Delhi, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 07 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2017PTC323346. Its GSTIN is 07AAJCP4150G1ZH (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohit Malhotra and Raghav Garg.
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 House No L – 49 Floor 2nd Block – Wz Landmark Near Amritsari Dhaba Saraswati Garden, Delhi, India – 110015.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.16 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹5.2 Lakh (net margin 1.6%) and EBITDA of ₹12.08 Lakh (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Proverve Retail Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHouse No L – 49 Floor 2nd Block – Wz Landmark Near Amritsari Dhaba Saraswati Garden, Delhi, India – 110015
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Proverve Retail 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 Proverve Retail is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Proverve Retail Private Limited, buy the company report.
Financials of Proverve Retail Private Limited
FY 2024 filings availableProverve Retail Private Limited reported revenue of ₹3.16 Cr (down 39% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 39% fall in the latest year. EBITDA fell 23% 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 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 | ₹12.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.2 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 1.6% | ||||
| 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 Proverve Retail Private Limited, buy the company report.
Board of directors of Proverve Retail Private Limited
Proverve Retail has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Malhotra | Director | 07 Sep 2017 | 9 Years 1 Months | Current |
| Raghav Garg Also directs: Newus Designs LLP | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
Auditor
Proverve Retail Private Limited is audited by DHRUV ARORA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHRUV ARORA & ASSOCIATES | FY 2023 | 0012246C |
Shareholding
The shareholding of Proverve Retail 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 category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Proverve Retail Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Proverve Retail 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 Proverve Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Proverve Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAJCP4150G1ZH | Delhi | Active | 27 Dec 2017 |
To see the full GST registrations and return filing status of Proverve Retail Private Limited, buy the company report.
Recent activity
Proverve Retail Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Raghav Garg ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Proverve Retail is an active private limited company based in Delhi, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 07 September 2017 (9+ years old) and is registered under CIN U74999DL2017PTC323346.
Proverve Retail has 2 current directors:
- Mohit Malhotra - Director
- Raghav Garg - Director
The latest financial statements of Proverve Retail 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 2018 are in the company report.
The GSTIN of Proverve Retail is 07AAJCP4150G1ZH, registered in Delhi.
The CIN (Corporate Identification Number) of Proverve Retail is U74999DL2017PTC323346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Proverve Retail was incorporated on 07 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Raghav Garg ceased to be Additional Director on 30 Nov 2021. Sushma Gupta ceased to be Director on 20 Jul 2021. Raghav Garg was appointed as Director on 06 Jul 2021. Proverve Retail has 4 board changes on record in total.
The registered office of Proverve Retail is at House No L – 49 Floor 2nd Block – Wz Landmark Near Amritsari Dhaba Saraswati Garden, Delhi, India – 110015.
Proverve Retail operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Proverve Retail is compliant as of 21 July 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
