About Pelion (India) Private Limited
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Pelion (India) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Pelion Iot Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 21 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC138844. Its GSTIN is 29AALCP4424B1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Mohit Sunil Kedia and Niall Graham Strachan.
Its last annual general meeting (AGM) was held on 11 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Level 8 Tower 1 Umiya Business Bay Cessna Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹49.5 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹8.35 Lakh (net margin -16.9%) and EBITDA of ₹57,450 (EBITDA margin 1.2%).
The company has about 12 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website pelion.com.
Company details
Contact details
Pelion (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is pelion.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLevel 8 Tower 1 Umiya Business Bay Cessna Business Park Kadubeesanahalli Maratha, Halli, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Pelion (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 Pelion (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 Pelion (India) Private Limited, buy the company report.
Financials of Pelion (India) Private Limited
FY 2023 filings availablePelion (India) Private Limited reported revenue of ₹49.5 Lakh (down 92% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 92% in the latest year. EBITDA fell 99% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹49.5 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹57,450 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.35 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.2% | ||
| Net Profit Margin | -16.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
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| Receivable Days | |||
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| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Pelion (India) Private Limited, buy the company report.
Board of directors of Pelion (India) Private Limited
Pelion (India) 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 |
|---|---|---|---|---|
| Mohit Sunil Kedia Also directs: Privacient Private Limited, Itellisecure Private Limited | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Niall Graham Strachan | Director | 02 Mar 2022 | 4 Years 8 Months | Current |
| Alan Christopher Tait | Director | 02 Mar 2022 | 4 Years 8 Months | Current |
Auditor
Pelion (India) Private Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2023 | 008072S |
Shareholding
The shareholding of Pelion (India) Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pelion (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pelion (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 Pelion (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pelion (India) Private Limited has a workforce of 12 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Pelion (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP4424B1ZI | Karnataka | Active | 17 Nov 2020 |
To see the full GST registrations and return filing status of Pelion (India) Private Limited, buy the company report.
Recent activity
Pelion (India) Private Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Alan Christopher Tait ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Pelion (India) is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 21 September 2020 (6+ years old) and is registered under CIN U72900KA2020FTC138844.
Pelion (India) has 3 current directors:
- Mohit Sunil Kedia - Director
- Niall Graham Strachan - Director
- Alan Christopher Tait - Director
The latest financial statements of Pelion (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 11 December 2023. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Pelion (India) is 29AALCP4424B1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Pelion (India) is U72900KA2020FTC138844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pelion (India) was incorporated on 21 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Alan Christopher Tait ceased to be Additional Director on 30 Sep 2022. Niall Graham Strachan ceased to be Additional Director on 30 Sep 2022. Alan Christopher Tait was appointed as Director on 02 Mar 2022. Pelion (India) has 6 board changes on record in total.
Pelion (India) can be reached through the website pelion.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Pelion (India) is at Level 8 Tower 1 Umiya Business Bay Cessna Business Park Kadubeesanahalli Maratha, Halli, Bangalore, Karnataka, India – 560103.
Pelion (India) operates in the information technology industry, in the application development and software solutions segment.
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