Pickax Solutions India Private Limited
About Pickax Solutions India Private Limited
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Pickax Solutions India Private Limited is a private limited company based in Meerut, Uttar Pradesh, India. It operates in the computer programming segment of the technology and IT services sector. It was incorporated on 09 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74999UP2016PTC087622. Its GSTIN is 09AAICP8760B3Z6 (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abha Verma and Ashish Ranjan.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ganga Colony Multan Nagar, Meerut, Uttar Pradesh, India – 220005.
As per the financials filed for FY 2021, the company reported a revenue of ₹13,000, a decline of 82% compared to the previous year. For the same year it recorded a net profit of ₹1,147 (net margin 8.8%) and EBITDA of ₹1,550 (EBITDA margin 11.9%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressGanga Colony Multan Nagar, Meerut, Uttar Pradesh, India – 220005
- IndustryInformation Technology, Computer Programming, Consultancy
- 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
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Business Activity of Pickax Solutions India Private Limited
The main business activity of Pickax Solutions India is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pickax Solutions India Private Limited FY 2021 filings available
Pickax Solutions India Private Limited reported revenue of ₹13,000 (down 82% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Pickax Solutions India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 65% over three years, including a 82% fall in the latest year. EBITDA fell 78% 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 of Pickax Solutions India Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹1,550 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1,147 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pickax Solutions India Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pickax Solutions India are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Pickax Solutions India Private Limited
Pickax Solutions India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abha Verma | Director | 09 Nov 2016 | 9 Years 11 Months | Current |
| Ashish Ranjan | Director | 09 Nov 2016 | 9 Years 11 Months | Current |
Peer Comparison of Pickax Solutions India Private Limited
Pickax Solutions India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Management consultancy activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pickax Solutions India Private Limited this company | ₹13,000 (FY 2021) | •••• | •••• | -82.0% | •••• | Meerut, Uttar Pradesh, India |
| Prasana Commercial Private Limited | ₹13,000 (FY 2016) | •••• | •••• | -73.0% | •••• | Kolkata, West Bengal, India |
| Goodpoint Suppliers Private Limited | ₹13,000 (FY 2016) | •••• | •••• | -86.0% | •••• | Kolkata, West Bengal, India |
| Subhvani Traders Private Limited | ₹13,000 (FY 2016) | •••• | •••• | -85.0% | •••• | Kolkata, West Bengal, India |
| Boost Vincom Private Limited | ₹13,000 (FY 2016) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Clergy Overseas Consultants Private Limited | ₹13,000 (FY 2025) | •••• | •••• | -35.0% | •••• | Chandigarh, India |
| Shubh Aakar Energy Private Limited | ₹13,000 (FY 2024) | •••• | •••• | 4.0% | •••• | Rishikesh, Uttarakhand, India |
| Edukatenxt Solutions Private Limited | ₹12,872 (FY 2025) | •••• | •••• | -99.0% | •••• | New Delhi, Delhi, India |
| Vision Youth Self Employment Services Private Limited | ₹12,847 (FY 2022) | •••• | •••• | •••• | Kamavarapukota, Andhra Pradesh, India | |
| Amol Reddiwar Consultants Private Limited | ₹12,800 (FY 2022) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Nartaka Fabtech Private Limited | ₹12,748 (FY 2016) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Pickax Solutions India by revenue in the same principal business activity (Management consultancy activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Pickax Solutions India Private Limited
Pickax Solutions India Private Limited is audited by CVM & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CVM & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Pickax Solutions India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pickax Solutions India Private Limited
Pickax Solutions India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Pickax Solutions India Private Limited
Employment history and EPFO contributions of people linked to Pickax Solutions India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Pickax Solutions India Private Limited
Pickax Solutions India Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Abha Verma was appointed as Director on 09 Nov 2016.
Credit Ratings, Litigation & Regulatory Alerts for Pickax Solutions India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pickax Solutions India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pickax Solutions India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pickax Solutions India Private Limited
Pickax Solutions India has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAICP8760B3Z6 | Uttar Pradesh | Active | 10 Mar 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pickax Solutions India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pickax Solutions India Private Limited
Pickax Solutions India is an active private limited company based in Meerut, Uttar Pradesh, India. The company works in computer programming, within the information technology industry. It was incorporated on 09 November 2016 (10+ years old) and is registered under CIN U74999UP2016PTC087622.
Pickax Solutions India reported revenue of ₹13,000 for FY 2021 (down 82% YoY).
Pickax Solutions India has 2 current directors:
- Abha Verma - Director
- Ashish Ranjan - Director
Pickax Solutions India reported a net profit of ₹1,147 (net margin 8.8%) and EBITDA of ₹1,550 (EBITDA margin 11.9%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pickax Solutions India is -65% over three years. In the latest year (FY 2021) revenue fell 82%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pickax Solutions India is 09AAICP8760B3Z6, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Pickax Solutions India is U74999UP2016PTC087622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pickax Solutions India was incorporated on 09 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Pickax Solutions India by revenue are Prasana Commercial Private Limited, Goodpoint Suppliers Private Limited, Subhvani Traders Private Limited, Boost Vincom Private Limited, Clergy Overseas Consultants Private Limited and 5 more, all in the same principal business activity (Management consultancy activities).
Abha Verma was appointed as Director on 09 Nov 2016. Ashish Ranjan was appointed as Director on 09 Nov 2016.
The registered office of Pickax Solutions India is at Ganga Colony Multan Nagar, Meerut, Uttar Pradesh, India – 220005.