Proximity Labs Private Limited

Proximity Labs Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U72900MH2019PTC333213 Incorporated 19 November 2019 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company information technology DPIIT Startup MSME · Small
Data last updated
Revenue · FY 2025
₹19.06 Cr
▲ 55.76% YoY
Net loss · FY 2025
₹90.61 Lakh
Net margin -4.8%
EBITDA · FY 2025
-₹76.09 Lakh
EBITDA margin -4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.01 Lakh
Issued & subscribed
Open charges
₹2 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings

About Proximity Labs Private Limited

Data last updated:

Proximity Labs Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 November 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2019PTC333213. Its GSTIN is 27AAKCP8807D1Z8 (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.01 Lakh. It is led by directors including Omprakash Sunil Mishra and Madhvi Lalit Jagda.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹19.06 Cr. For the same year it recorded a net loss of ₹90.61 Lakh (net margin -4.8%) and EBITDA of -₹76.09 Lakh (EBITDA margin -4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 81% over five years.

As per MCA filings, the company has open charges of ₹2 Cr on record.

Proximity Labs Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0001240). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proximity.tech.

Company details

CIN U72900MH2019PTC333213
Registration Number 333213
Incorporation Date 19 November 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-18-0001240
Key People
Omprakash Sunil Mishra Director Madhvi Lalit Jagda Director Hardik Lalit Jagda Director

Recognitions & Rankings of Proximity Labs

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-18-0001240

Contact details

Proximity Labs Private Limited's registered office is in Mumbai, Maharashtra. Its website is proximity.tech. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    proximity.tech
  • Social Media
  • Registered Address
    Hd – 496 Wework Enam Sambhav, C – 20 G Block Rd G Block BKC Bandra Kurla Complex, Mumbai, Maharashtra, India – 400051
  • Industry
    Information Technology, Application Development & Software Solutions

To see the full contact details of Proximity Labs Private Limited, buy the company report.

Comprehensive company report
Proximity Labs 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
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Business activity

The main business activity of Proximity Labs 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 Proximity Labs Private Limited, buy the company report.

Financials of Proximity Labs Private Limited

FY 2025 filings available

Proximity Labs Private Limited reported revenue of ₹19.06 Cr for FY 2025.

Revenue · FY 2025
₹19.06 Cr
Net loss · FY 2025
₹90.61 Lakh margin -4.8%
EBITDA · FY 2025
-₹76.09 Lakh margin -4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▲ 12%
5 years · compounded
▲ 81%
EBITDA CAGR growth
1 year
▼ 234%
3 years · compounded
▼ 33%
5 years · compounded
▼ 37%

Revenue has grown at a compounded annual rate (CAGR) of 81% over five years. EBITDA fell 234% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹76.09 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹90.61 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-4%
Net Profit Margin-4.8%
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 Proximity Labs Private Limited, buy the company report.

Board of directors of Proximity Labs Private Limited

Proximity Labs has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Omprakash Sunil Mishra
Also directs: Optimum Labs Private Limited
Director13 Jul 20233 Years 3 MonthsCurrent
Madhvi Lalit Jagda
Also directs: 42Px LLP, Studio Proximity Private Limited
Director11 May 20206 Years 5 MonthsCurrent
Hardik Lalit Jagda
Also directs: 42Px LLP, Colarity India Private Limited, Studio Proximity Private Limited
Director19 Nov 20196 Years 11 MonthsCurrent
View all directors

Auditor

Proximity Labs Private Limited is audited by ASIT MEHTA & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
ASIT MEHTA & ASSOCIATESFY 2023100733W

Shareholding

The shareholding of Proximity Labs Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

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

To see the full shareholding pattern of Proximity Labs Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2 Cr
Satisfied charges
None
Breakdown by lending institutions
Axis Bank Limited₹2.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Dec 2023100892122Axis Bank Limited₹2 CrOpen

Total charge records: 1 View all charges

MSME payment delays

Proximity Labs Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (1 of 1)

SupplierAmount dueDue sinceReported on
Asit Mehta and Associates

To see the full MSME payment records of Proximity Labs Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Proximity Labs has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAKCP8807D1Z8MaharashtraActive06 Jan 2020
29AAKCP8807D1Z4KarnatakaActive05 Nov 2020

To see the full GST registrations and return filing status of Proximity Labs Private Limited, buy the company report.

Recent activity

Proximity Labs Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Omprakash Sunil Mishra ceased to be Additional Director on 29 Sep 2023.

AGM
Proximity Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Proximity Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100892122 was registered on 29 Dec 2023.
Ceased
Omprakash Sunil Mishra ceased to be Additional Director.
Appointed
Omprakash Sunil Mishra was appointed as Director.
Ceased
Madhvi Lalit Jagda ceased to be Additional Director.
Ceased
Abdul Arbaaz ceased to be Director.
Appointed
Madhvi Lalit Jagda was appointed as Director.
Appointed
Hardik Lalit Jagda was appointed as Director.
Incorporation
19 Nov 2019
Proximity Labs Private Limited was registered on 19 Nov 2019 with Roc Mumbai & aged 6 years 11 months as per MCA records.

Frequently asked questions

Proximity Labs is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 November 2019 (7+ years old) and is registered under CIN U72900MH2019PTC333213.

Proximity Labs has 3 current directors:

The latest financial statements of Proximity Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.

The GSTIN of Proximity Labs is 27AAKCP8807D1Z8, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAKCP8807D1Z4 (Karnataka).

The CIN (Corporate Identification Number) of Proximity Labs is U72900MH2019PTC333213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Proximity Labs was incorporated on 19 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.

Omprakash Sunil Mishra ceased to be Additional Director on 29 Sep 2023. Omprakash Sunil Mishra was appointed as Director on 13 Jul 2023. Madhvi Lalit Jagda ceased to be Additional Director on 25 Sep 2020. Proximity Labs has 6 board changes on record in total.

Yes, Proximity Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Proximity Labs is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0001240).

Proximity Labs has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Aug 2023.

Proximity Labs can be reached through the website proximity.tech. Its registered office is in Mumbai, Maharashtra, India.