COMPANY INTELLIGENCE PROFILE
Procureyard Technology Private Limited
ProcureYard is an AI-powered B2B raw-materials procurement platform for the Indian construction sector.
ProcureYard, established in July 2023, is an AI-driven B2B platform catering to the Indian construction sector, focusing on raw-materials procurement. It operates a digital marketplace for materials like TMT steel and aggregates, offering AI-assisted supplier matching and logistics tracking. The company claims a 98% on-time delivery rate and 500+ verified suppliers. In FY25, ProcureYard reported rapid growth with revenue between ₹150, 200 Crores and self-reported an ARR of ~$37M, though these figures remain unverified. Funding details and loan charges are inconsistent across sources. No litigation records were found.
AI-generated, may contain errors.
Business Overview
- ProcureYard is an AI-powered B2B raw-materials procurement platform for the Indian construction sector.
- It runs a digital marketplace for sourcing TMT steel, structural steel, flat steel, bitumen, aggregates, and wires/cables, using AI agents for supplier matching/negotiation, real-time pricing intelligence, and supply-chain/logistics tracking.
- Claims a network of 500+ verified suppliers, 24/7 AI customer support, and a 98% on-time delivery rate.
- Founded July 2023
- Per the company's own site it reached profitability by March 2024 with ~$10M ARR, and grew to ~$37M ARR by March 2025, ~400% CAGR in FY25, — these growth/ARR figures are self-reported on procureyard.com and not independently verified.
- Source: procureyard.com (official site).
Sector & Classification
NIC 46620 — Wholesale of metals and metal ores (Metal Retail & Distribution), per Tofler classification; matches CIN prefix U46620. Partial.
Directors & Key Management
Directors — source notes
Four directors, consistent across Falconebiz (with DINs) and Tofler/TheCompanyCheck (names/appointment dates only — DINs not shown on those two, so DINs are single-sourced/partial): - Anshu Kandhari — DIN 06716910 (Falconebiz) — CEO per company site; appointed 01 Sep 2023 - Somdutt (Parashar) — DIN 10291115 (Falconebiz) — CPO per company site; appointed 26 Aug 2023 - Tushar Agarwal/Aggarwal — DIN 10291129 (Falconebiz) — COO per company site; appointed 26 Aug 2023 - Pankaj Bisht — DIN 10291135 (Falconebiz) — CBO per company site; appointed 26 Aug 2023 Names and appointment dates confirmed (2+ sources); DINs partial (single source: Falconebiz only, though Falconebiz is noted as most reliable for DINs).
GST Registrations
Not obtained. Attempts on knowyourgst.com, mastersindia.co and findgst.in for GSTIN records tied to PAN AANCP8896R / "Procureyard Technology" returned no accessible results (404/no data). Primary GSTIN, home state, number of registrations, and status: not obtained.
Financials
Procureyard Technology Private Limited achieved significant financial growth with revenue in the ₹150, 200 Crore range in FY25, showing a 248.92% increase year over year. EBITDA and net profit surged by 189.04% and 183.15% respectively. The company's net worth expanded by 47,934.75% year over year, likely due to a small prior-year base.
AI-generated, may contain errors.
- Latest available, FY ending March 2025, per Falconebiz, Pro-gated, partial figures only:
- Revenue band: ₹150–200 Crores (FY25)
- Revenue growth: +248.92% YoY
- EBITDA growth: +189.04% YoY
- Net profit (PAT) growth: +183.15% YoY
- Net worth growth: +47,934.75% YoY, extreme % likely reflects a very small prior-year base, e.g. post-incorporation
- Exact absolute figures for revenue, EBITDA, PAT, net worth, and borrowings are locked behind paid access on both Falconebiz and TheCompanyCheck and could not be confirmed.
- Standalone vs consolidated basis not specified by source.
- Separately, procureyard.com (self-reported) claims ~$10M ARR by March 2024 and ~$37M ARR by March 2025, ~400% CAGR FY25, — directionally consistent with the >200% revenue growth reported by Falconebiz, but figures are not cross-verified against filed financials.
- Status: partial.
Funding History
- Company website, procureyard.com, states a seed funding round was secured, with the timeline described inconsistently across pages fetched, "July 2024" on the About page narrative vs. an earlier fetch referencing "January 2024" with lead investor Powerhouse Ventures, amount ~$1.72M.
- Could not independently verify via Entrackr, Inc42, YourStory, or Tracxn — none of these returned matching articles/profile pages in this session.
- Round name, exact date, amount, and investor list: partial/uncertain — only single-source, company's own site, with an internal date inconsistency, plus one earlier unconfirmed mention of Powerhouse Ventures/$1.72M that could not be re-verified against a second source in this pass.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| United Bank of India | ₹9 | |
| Tata Capital Limited | ₹6 |
- Two sources conflict on charge details, reported, not reconciled:
- TheCompanyCheck: Total open charges ₹26 Cr across three registered charges — ₹7 Cr (26 Nov 2025), ₹9 Cr (07 Jul 2025), ₹10 Cr (10 Feb 2025)
- Lender category shown generically as "Others", lender names not disclosed on free tier
- Given the mismatch in lender names, amounts, and dates, charges data should be treated as a source conflict requiring reconciliation with a primary MCA charge filing before publishing as fact. Status: partial/conflicting.
Credit Ratings
- Not obtained. No CRISIL/ICRA/CARE rating found for this entity in the sources checked; small size and recent incorporation (2023) make a formal credit rating unlikely to exist yet.
Legal & Compliance
- Indian Kanoon search for "procureyard" returned zero matching results — no litigation/court records found. Status: none found, confirmed absence, not a gap.
Competitive Landscape
- Named peers in the AI-driven/digital B2B construction-materials and industrial procurement space in India, rough scale tags, not verified against filings:
- OfBusiness, large-scale, well-funded unicorn; steel/construction-material B2B marketplace + lending, — much larger scale
- Infra.Market, unicorn; construction materials B2B marketplace, manufacturing + distribution, — much larger scale
- Zetwerk, unicorn; broader manufacturing/procurement, adjacent segment, — much larger scale
- Moglix, large B2B industrial procurement platform, — larger scale
- BuildSupply/BuildMyInfra-type regional TMT/steel aggregators, smaller, regional players, — comparable/smaller scale
- Vendor-side steel/bitumen aggregator startups such as Solv, by Standard Chartered, in adjacent SME B2B procurement — comparable scale
- Note: this competitor set is Claude's categorical placement based on business-model similarity, construction raw-material B2B procurement/marketplace, not sourced from a single comparison document
- Treat as indicative, not a verified peer benchmark.
Frequently Asked Questions
What does ProcureYard do?
ProcureYard is an AI-powered B2B raw-materials procurement platform for the Indian construction sector, operating a digital marketplace for sourcing TMT steel, structural steel, flat steel, bitumen, aggregates, and wires/cables.
What is the CIN of ProcureYard?
The Corporate Identification Number (CIN) of ProcureYard is U46620DL2023PTC416493.
When was ProcureYard incorporated?
ProcureYard was incorporated on 03 July 2023.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.