About Panapps International Private Limited
Data last updated:
Panapps International Private Limited is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Panapps Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL1999PTC018425. Its GSTIN is 32AADCA0592R1ZG (Kerala).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹87.06 Lakh. It is led by directors including Nandini Akkirath Mundanat and Sunil Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11 – 138 Sprint Technopark Muttam Thaikkattukara, Ernakulam, Kerala, India – 683106.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.92 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹13.27 Lakh (net margin 0.5%) and EBITDA of ₹38.91 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company has about 248 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website assyst-international.com.
Company details
CIN history
Panapps International has one previous CIN (Corporate Identification Number): U72200KL1994PTC018425. The current CIN is U72200KL1999PTC018425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KL1999PTC018425 | Current |
| U72200KL1994PTC018425 | Previous |
Contact details
Panapps International Private Limited's registered office is in Ernakulam, Kerala. Its website is assyst-international.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11 – 138 Sprint Technopark Muttam Thaikkattukara, Ernakulam, Kerala, India – 683106
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Panapps International 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 Panapps International 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 Panapps International Private Limited, buy the company report.
Financials of Panapps International Private Limited
FY 2025 filings availablePanapps International Private Limited reported revenue of ₹24.92 Cr (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 14% growth in the latest year. EBITDA fell 75% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹38.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.27 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Panapps International Private Limited, buy the company report.
Board of directors of Panapps International Private Limited
Panapps International has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandini Akkirath Mundanat | Director | 16 Nov 2020 | 5 Years 11 Months | Current |
| Sunil Kumar | Director | 08 Aug 2000 | 26 Years 2 Months | Current |
| Shankar Thiruvillakkat | Director | 04 Aug 2006 | 20 Years 3 Months | Current |
Peer comparison
Panapps International Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Grappus Technologies Private Limited | ₹24.93 Cr (FY 2023) | 42.0% | New Delhi, Delhi, India | |||
| I3clogic Technologies Private Limited | ₹24.92 Cr (FY 2024) | 9.0% | Noida, Uttar Pradesh, India | |||
| Panapps International Private Limitedthis company | ₹24.92 Cr (FY 2024) | ₹13.27 Lakh | 0.5% | 14.0% | 248 | Ernakulam, Kerala, India |
| Innovature Software Labs Private Limited | ₹24.69 Cr (FY 2024) | 10.0% | Eranakulam, Kerala, India | |||
| Aditya Birla Capital Technology Services Limited | ₹24.65 Cr (FY 2024) | -19.0% | Junagadh, Gujarat, India |
To see the full peer comparison of Panapps International Private Limited, buy the company report.
Auditor
Panapps International Private Limited is audited by R. KRISHNA IYER & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. KRISHNA IYER & CO | FY 2023 | 01474S |
Shareholding
The shareholding of Panapps International Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panapps International Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Panapps International 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 Panapps International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Panapps International Private Limited has a workforce of 248 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Panapps International has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCA0592R1ZG | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panapps International Private Limited, buy the company report.
Recent activity
Panapps International Private Limited has 6 board changes on record since 2000: 3 appointments and 3 cessations. The latest: Nandini Akkirath Mundanat ceased to be Additional Director on 29 Dec 2020.
Frequently asked questions
Panapps International is an active private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 November 1999 (27+ years old) and is registered under CIN U72200KL1999PTC018425.
Panapps International has 3 current directors:
- Nandini Akkirath Mundanat - Director
- Sunil Kumar - Director
- Shankar Thiruvillakkat - Director
The latest financial statements of Panapps International on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panapps International is 32AADCA0592R1ZG, registered in Kerala.
The CIN (Corporate Identification Number) of Panapps International is U72200KL1999PTC018425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panapps International was incorporated on 25 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Panapps International by revenue are Grappus Technologies Private Limited, I3clogic Technologies Private Limited, Innovature Software Labs Private Limited, Aditya Birla Capital Technology Services Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Nandini Akkirath Mundanat ceased to be Additional Director on 29 Dec 2020. Nandini Akkirath Mundanat was appointed as Director on 16 Nov 2020. Umesh Andy ceased to be Director on 30 Aug 2019. Panapps International has 6 board changes on record in total.
Panapps International can be reached through the website assyst-international.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of Panapps International is at 11 – 138 Sprint Technopark Muttam Thaikkattukara, Ernakulam, Kerala, India – 683106.
Panapps International operates in the information technology industry, in the IT consulting and support services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
