About Simplified Procurement Services Private Limited
Data last updated:
Simplified Procurement Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 13 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51909TN2017PTC119961. Its GSTIN is 33AAZCS5889H1ZD (Tamil Nadu).
The company has an authorised share capital of ₹50.1 Lakh and a paid-up capital of ₹50.1 Lakh. It was formerly known as Simplified Procurement Services (Opc) Private Limited. It is led by directors Venkata Raman Krishna Sankar and Sundaresan Yogeshwaran.
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.16 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹16.87 Lakh (net margin 31.7%) and EBITDA of ₹17.65 Lakh (EBITDA margin 33.2%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 10% over five years.
The company is associated with 1 brand: Proctek.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website proctek.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 37/22 6th Floor Chamiers Towers, Chamiers Road, Chennai, Tamil Nadu, India – 600018
- IndustryMetals and Minerals, Metal Retail & Distribution
- 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 Simplified Procurement Services Private Limited
The main business activity of Simplified Procurement Services is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Simplified Procurement Services Private Limited FY 2025 filings available
Simplified Procurement Services Private Limited reported revenue of ₹53.16 Lakh (up 350% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Simplified Procurement Services Private Limited
Revenue rose 350% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 365% 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 Simplified Procurement Services 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 | ₹17.65 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.87 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 Simplified Procurement Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 31.7% | •••• | •••• | •••• | •••• |
| 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 Simplified Procurement Services 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 Simplified Procurement Services Private Limited
Simplified Procurement Services Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ekmart Trading Private Limited | ₹53.63 Lakh (FY 2022) | •••• | •••• | -99.0% | •••• | Mumbai, Maharashtra, India |
| Salasarhanuman Agrotech Foods Private Limited | ₹53.6 Lakh (FY 2025) | •••• | •••• | 88.0% | •••• | Hyderabad, Telangana, India |
| Mechtouch Industries Private Limited | ₹53.58 Lakh (FY 2024) | •••• | •••• | -34.0% | •••• | Belgaum, Karnataka, India |
| Rajesh Steel Industries Private Limited | ₹53.34 Lakh (FY 2025) | •••• | •••• | -96.0% | •••• | Nagpur, Maharashtra, India |
| CSGT Trading India Private Limited | ₹53.21 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Vadodara, Gujarat, India |
| Simplified Procurement Services Private Limited this company | ₹53.16 Lakh (FY 2025) | •••• | •••• | 350.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Engineers and Insulations Private Limited | ₹52.72 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Indore, Madhya Pradesh, India |
| Kimistara International Private Limited | ₹52.44 Lakh (FY 2025) | •••• | •••• | 501.0% | •••• | Durg, Chhattisgarh, India |
| Cosmos Iron and Power Private Limited | ₹52.35 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Singrauli, Madhya Pradesh, India |
| Shyam Electro Chem Private Limited | ₹52.32 Lakh (FY 2025) | •••• | •••• | -16.0% | •••• | Hyderabad, Telangana, India |
| Noori Metal Private Limited | ₹52.12 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Simplified Procurement Services by revenue in the Metals and Minerals industry (Metal Retail and Distribution), 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 Simplified Procurement Services Private Limited
Simplified Procurement Services Private Limited is audited by VENKAT & VASAN for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENKAT & VASAN | 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 Simplified Procurement Services Private Limited
Simplified Procurement 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 |
|---|---|---|---|---|
| Venkata Raman Krishna Sankar Also directs: Subramany and Co Exports Private Limited, Matex Technologies Private Limited, S.A.V. School Commmitee Limited and 3 more | Director | 24 Dec 2020 | 5 Years 9 Months | Current |
| Sundaresan Yogeshwaran Also directs: Matex Technologies Private Limited, Ge Lif Insurance Services Private Limited, Sreenjivi Consulting Private Limited and 4 more | Director | 13 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Simplified Procurement Services 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 Simplified Procurement Services Private Limited
Simplified Procurement Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Simplified Procurement Services Private Limited
Simplified Procurement Services operates one associated brand: Proctek. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a web-enabled digital platform for comprehensive procurement management solutions. | proctek.in |
Employees and EPFO Compliance at Simplified Procurement Services Private Limited
Employment history and EPFO contributions of people linked to Simplified Procurement Services.
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.
CIN History of Simplified Procurement Services Private Limited
Simplified Procurement Services has one previous CIN (Corporate Identification Number): U51909TN2017OPC119961. The current CIN is U51909TN2017PTC119961, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909TN2017PTC119961 | Current |
| U51909TN2017OPC119961 | Previous |
Recent Activity on Simplified Procurement Services Private Limited
Simplified Procurement Services Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Hariharan Sathya Moorthy ceased to be Additional Director on 24 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Simplified Procurement Services 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 Simplified Procurement Services 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 Simplified Procurement Services 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 Simplified Procurement Services Private Limited
Simplified Procurement Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAZCS5889H1ZD | Tamil Nadu | Active | 30 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 Simplified Procurement Services 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 Simplified Procurement Services Private Limited
Simplified Procurement Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 13 December 2017 (9+ years old) and is registered under CIN U51909TN2017PTC119961.
Simplified Procurement Services reported revenue of ₹53.16 Lakh for FY 2025 (up 350% YoY).
Simplified Procurement Services has 2 current directors:
- Venkata Raman Krishna Sankar - Director
- Sundaresan Yogeshwaran - Director
Simplified Procurement Services reported a net profit of ₹16.87 Lakh (net margin 31.7%) and EBITDA of ₹17.65 Lakh (EBITDA margin 33.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Simplified Procurement Services is -39% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 350%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Simplified Procurement Services is 33AAZCS5889H1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Simplified Procurement Services is U51909TN2017PTC119961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simplified Procurement Services was incorporated on 13 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Simplified Procurement Services by revenue are Ekmart Trading Private Limited, Salasarhanuman Agrotech Foods Private Limited, Mechtouch Industries Private Limited, Rajesh Steel Industries Private Limited, CSGT Trading India Private Limited and 5 more, all in the Metals and Minerals industry (Metal Retail and Distribution).
Hariharan Sathya Moorthy ceased to be Additional Director on 24 Dec 2020. Venkata Raman Krishna Sankar was appointed as Director on 24 Dec 2020. Srinivasan Rajamani ceased to be Additional Director on 05 Nov 2019. Simplified Procurement Services has 5 board changes on record in total.
Yes, Simplified Procurement Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).