About Parsec Enterprises Private Limited
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Parsec Enterprises Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the specialised services segment of the trading and commerce sector. It was incorporated on 10 March 2014.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51900GJ2014PTC108162. Its GSTIN is 27AAHCP6190Q1ZK (Maharashtra).
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹38.6 Lakh. It was formerly known as Parsec Consultancy Private Limited. It was led by directors including Arun Manmohandas Fadia and Jay Mahendra Mehta.
Its last annual general meeting (AGM) was held on 28 May 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at B – 402 4th Floor Pelican House Ashram Road Gujarat Chamber Of Commerce Compound As, Hram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.37 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹2.36 Cr (net margin 99.5%) and EBITDA of ₹2.36 Cr (EBITDA margin 99.5%).
The company was associated with 1 brand: Mehta Group.
The last known website on record is mehtagroup.com.
Company details
CIN history
Parsec Enterprises has one previous CIN (Corporate Identification Number): U51900MH2014PTC254048. The current CIN is U51900GJ2014PTC108162, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900GJ2014PTC108162 | Current |
| U51900MH2014PTC254048 | Previous |
Contact details
Parsec Enterprises Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 402 4th Floor Pelican House Ashram Road Gujarat Chamber Of Commerce Compound As, Hram Road, Ahmedabad, Gujarat, India – 380009
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Parsec Enterprises 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
Brands
Parsec Enterprises operates one associated brand: Mehta Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cement and building materials are manufactured for construction needs. | mehtagroup.com |
Business activity
The main business activity of Parsec Enterprises is trade. In detail, this covers wholesale trading and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Parsec Enterprises Private Limited, buy the company report.
Financials of Parsec Enterprises Private Limited
FY 2020 filings availableParsec Enterprises Private Limited reported revenue of ₹2.37 Cr (down 33% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year. EBITDA rose 74% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹2.36 Cr | ||||
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| Net Profit (PAT) | ₹2.36 Cr | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 99.5% | ||||
| Net Profit Margin | 99.5% | ||||
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To see the full financial statements and ratios of Parsec Enterprises Private Limited, buy the company report.
Board of directors of Parsec Enterprises Private Limited
Parsec Enterprises 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 |
|---|---|---|---|---|
| Arun Manmohandas Fadia | Director | 11 Feb 2020 | 6 Years 8 Months | As last reported |
| Jay Mahendra Mehta | Director | 10 Mar 2014 | 12 Years 7 Months | As last reported |
| Hemang D Mehta Also directs: Omna Enterprises LLP, Saurashtra Cement Limited, Sonoco Agro-Enterprises Private Limited and 4 more | Director | 25 Feb 2019 | 7 Years 8 Months | As last reported |
Peer comparison
Parsec Enterprises Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aryadev Enterprises Private Limited | ₹2.39 Cr (FY 2025) | -19.0% | Ludhiana, Punjab, India | |||
| Syntex Trading & Agency Private Limited | ₹2.38 Cr (FY 2022) | 396150.0% | Palghar, Maharashtra, India | |||
| Jindal Tex Trading Private Limited | ₹2.37 Cr (FY 2024) | 94.0% | Surat, Gujarat, India | |||
| Parsec Enterprises Private Limitedthis company | ₹2.37 Cr (FY 2020) | ₹2.36 Cr | 99.5% | -33.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Parsec Enterprises Private Limited, buy the company report.
Shareholding
The shareholding of Parsec Enterprises Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Parsec Enterprises Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Parsec Enterprises 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 Parsec Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parsec Enterprises has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP6190Q1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parsec Enterprises Private Limited, buy the company report.
Recent activity
Parsec Enterprises Private Limited has 6 board changes on record since 2014: 3 appointments and 3 cessations. The latest: Arun Manmohandas Fadia ceased to be Additional Director on 28 May 2020.
Frequently asked questions
Parsec Enterprises has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Parsec Enterprises was a private limited company based in Ahmedabad, Gujarat, India. The company worked in specialty, within the trading industry. It was incorporated on 10 March 2014 and is registered under CIN U51900GJ2014PTC108162. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Parsec Enterprises was incorporated on 10 March 2014. It is registered with the Registrar of Companies, Ahmedabad.
Parsec Enterprises had 3 directors:
- Arun Manmohandas Fadia - Director
- Jay Mahendra Mehta - Director
- Hemang D Mehta - Director
The CIN (Corporate Identification Number) of Parsec Enterprises is U51900GJ2014PTC108162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Parsec Enterprises is at B – 402 4th Floor Pelican House Ashram Road Gujarat Chamber Of Commerce Compound As, Hram Road, Ahmedabad, Gujarat, India – 380009.
Parsec Enterprises can be reached through the website mehtagroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Parsec Enterprises on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 May 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Parsec Enterprises is 27AAHCP6190Q1ZK, registered in Maharashtra.
Parsec Enterprises operated in the trading industry, in the specialty segment.
The peers of Parsec Enterprises by revenue are Aryadev Enterprises Private Limited, Syntex Trading & Agency Private Limited, Jindal Tex Trading Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).