Prowish Advisory Services Private Limited
About Prowish Advisory Services Private Limited
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Prowish Advisory Services Private Limited was a private limited company based in Hubli, 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 consultancy services segment of the financial services sector. It was incorporated on 14 March 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2016PTC086924. Its GSTIN is 29AAICP6044J1Z0 (Karnataka).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹75,000. It was led by directors Prashant Prabhakar Naik and Sulbha Prabhakar Naik.
Its last annual general meeting (AGM) was held on 25 April 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Shop No.30 1st Floor Tirumala Trade Center Neeligin Road, Hubli, Karnataka, India – 580029.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.12 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹2.1 Lakh (net margin -187%) and EBITDA of -₹1.94 Lakh (EBITDA margin -172.6%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 24% over five years.
Company details
Contact details
Prowish Advisory Services Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.30 1st Floor Tirumala Trade Center Neeligin Road, Hubli, Karnataka, India – 580029
- IndustryFinancial Services, Consultancy, Advisory, Financial Brokerage
To see the full contact details of Prowish Advisory Services 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
Financials of Prowish Advisory Services Private Limited
FY 2024 filings availableProwish Advisory Services Private Limited reported revenue of ₹1.12 Lakh (up 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA fell 291% 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
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| EBITDA | -₹1.94 Lakh | ||||
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| Net Profit (PAT) | -₹2.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -172.6% | ||||
| Net Profit Margin | -187% | ||||
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To see the full financial statements and ratios of Prowish Advisory Services Private Limited, buy the company report.
Board of directors of Prowish Advisory Services Private Limited
Prowish Advisory Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Prabhakar Naik | Director | 09 Mar 2017 | 9 Years 8 Months | As last reported |
| Sulbha Prabhakar Naik | Director | 05 Jun 2018 | 8 Years 5 Months | As last reported |
Auditor
Prowish Advisory Services Private Limited is audited by PATIL AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATIL AND CO | FY 2017 | 229722 |
Shareholding
The shareholding of Prowish Advisory Services Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Prowish Advisory Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prowish Advisory Services 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 Prowish Advisory Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prowish Advisory Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP6044J1Z0 | Karnataka | Active | 02 Sep 2017 |
To see the full GST registrations and return filing status of Prowish Advisory Services Private Limited, buy the company report.
Recent activity
Prowish Advisory Services Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Ashik Bhasme ceased to be Director on 10 Jun 2018.
Frequently asked questions
Prowish Advisory Services 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.
Prowish Advisory Services was a private limited company based in Hubli, Karnataka, India. The company worked in consultancy, within the financial services industry. It was incorporated on 14 March 2016 and is registered under CIN U74900KA2016PTC086924. The company has been struck off by the Registrar of Companies and is no longer operational.
Prowish Advisory Services had 2 directors:
- Prashant Prabhakar Naik - Director
- Sulbha Prabhakar Naik - Director
The CIN (Corporate Identification Number) of Prowish Advisory Services is U74900KA2016PTC086924. 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 Prowish Advisory Services is at Shop No.30 1st Floor Tirumala Trade Center Neeligin Road, Hubli, Karnataka, India – 580029.
Prowish Advisory Services was incorporated on 14 March 2016. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Prowish Advisory Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 April 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Prowish Advisory Services is 29AAICP6044J1Z0, registered in Karnataka.
Prowish Advisory Services operated in the financial services industry, in the consultancy segment. It worked in this industry before it was struck off.
Ashik Bhasme ceased to be Director on 10 Jun 2018. Sulbha Prabhakar Naik was appointed as Director on 05 Jun 2018. Vishwanath Ramachandra Kottemane ceased to be Director on 23 Mar 2017. Prowish Advisory Services has 5 board changes on record in total.
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