Equate Systems India Private Limited
About Equate Systems India Private Limited
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Equate Systems India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 27 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2013PTC091887. Its GSTIN is 33AADCE4324M1ZQ (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ganesh Panchanathan and Perumalagaram Subramanian Panchanathan.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1602 Oceanic Hiranandani Upscale Rajiv Gandhi Salai Egattur, Chennai, Tamil Nadu, India – 603103.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.51 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹4.79 Lakh (net margin 5.1%) and EBITDA of ₹3.85 Lakh (EBITDA margin 4.1%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Equate Systems India Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1602 Oceanic Hiranandani Upscale Rajiv Gandhi Salai Egattur, Chennai, Tamil Nadu, India – 603103
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Equate Systems India 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 Equate Systems India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Equate Systems India Private Limited, buy the company report.
Financials of Equate Systems India Private Limited
FY 2025 filings availableEquate Systems India Private Limited reported revenue of ₹94.51 Lakh (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 48% fall in the latest year. EBITDA fell 83% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.85 Lakh | ||||
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| Net Profit (PAT) | ₹4.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 4.1% | ||||
| Net Profit Margin | 5.1% | ||||
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To see the full financial statements and ratios of Equate Systems India Private Limited, buy the company report.
Board of directors of Equate Systems India Private Limited
Equate Systems India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Panchanathan | Director | 17 Dec 2013 | 12 Years 10 Months | Current |
| Perumalagaram Subramanian Panchanathan | Director | 27 Jun 2013 | 13 Years 3 Months | Current |
| Rajesh Panchanathan | Director | 04 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Equate Systems India Private Limited is audited by T R L NARASIMHAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T R L NARASIMHAN & CO | FY 2020 | 009047S |
Shareholding
The shareholding of Equate Systems India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Equate Systems India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Equate Systems India 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 Equate Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Equate Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCE4324M1ZQ | Tamil Nadu | Active | 09 Nov 2017 |
To see the full GST registrations and return filing status of Equate Systems India Private Limited, buy the company report.
Recent activity
Equate Systems India Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Uma Venkata Jalapathy ceased to be Director on 15 Jun 2024.
Frequently asked questions
Equate Systems India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 27 June 2013 (13+ years old) and is registered under CIN U72900TN2013PTC091887.
Equate Systems India has 3 current directors:
- Ganesh Panchanathan - Director
- Perumalagaram Subramanian Panchanathan - Director
- Rajesh Panchanathan - Director
The latest financial statements of Equate Systems India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Equate Systems India is 33AADCE4324M1ZQ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Equate Systems India is U72900TN2013PTC091887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equate Systems India was incorporated on 27 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Uma Venkata Jalapathy ceased to be Director on 15 Jun 2024. Rajesh Panchanathan was appointed as Director on 04 Sep 2018. Ganesh Panchanathan ceased to be Additional Director on 26 Sep 2014. Equate Systems India has 5 board changes on record in total.
The registered office of Equate Systems India is at 1602 Oceanic Hiranandani Upscale Rajiv Gandhi Salai Egattur, Chennai, Tamil Nadu, India – 603103.
Equate Systems India operates in the information technology industry, in the software development and support services segment.
The compliance status of Equate Systems India is compliant as of 14 September 2026. The company is actively filing with the Registrar of Companies.