About Piercing Systems India Private Limited
Data last updated:
Piercing Systems India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Studex Corporation Usa. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 17 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2008PTC188245. Its GSTIN is 27AAECP9042L1Z0 (Maharashtra).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹51.02 Lakh. It is led by directors Mohsin Mohamedy (Whole-Time Director) and Sunita Sadashiv More.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 1st Floor Gama House Gamdevi Road Bhandup (West), Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.25 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net loss of ₹2.97 Cr (net margin -24.3%) and EBITDA of -₹2.9 Cr (EBITDA margin -23.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 13% over five years.
The company has about 98 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: E-Beautify Asia and Piercing Systems India. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piercingsystemsindia.com.
Company details
Contact details
Piercing Systems India Private Limited's registered office is in Mumbai, Maharashtra. Its website is piercingsystemsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Gama House Gamdevi Road Bhandup (West), Mumbai, Maharashtra, India – 400078
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Piercing 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
Brands
Piercing Systems India operates two associated brands: E-Beautify Asia and Piercing Systems India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online retailer of ear studs, earrings, and piercing care items. | e-beautifyasia.com | |
| Ear piercing systems and accessories are imported and distributed in India. | piercingsystemsindia.com |
Business activity
The main business activity of Piercing Systems India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Piercing Systems India Private Limited, buy the company report.
Financials of Piercing Systems India Private Limited
FY 2023 filings availablePiercing Systems India Private Limited reported revenue of ₹12.25 Cr (up 43% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 43% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹2.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.97 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.7% | ||||
| Net Profit Margin | -24.3% | ||||
| 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 Piercing Systems India Private Limited, buy the company report.
Board of directors of Piercing Systems India Private Limited
Piercing Systems India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Sadashiv More | Additional Director | 24 Jan 2022 | 4 Years 9 Months | Current |
| Mohsin Mohamedy | Whole-Time Director | 06 Feb 2009 | 17 Years 9 Months | Current |
Auditor
Piercing Systems India Private Limited is audited by V S V & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V S V & CO | FY 2022 | 132908W |
Shareholding
The shareholding of Piercing Systems India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Piercing Systems India Private Limited, buy the company report.
Legal cases
Piercing Systems India Private Limited has 2 court cases on record: 2 filed by Piercing Systems India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed by the company against an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revision Application ULP) | Filed by the company against an individual | Disposed |
To see the full case history of Piercing Systems India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Piercing Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Piercing Systems India Private Limited has a workforce of 98 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 98 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 |
To see the full employee and EPFO history of Piercing Systems India Private Limited, buy the company report.
GST
Piercing Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP9042L1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Piercing Systems India Private Limited, buy the company report.
Recent activity
Piercing Systems India Private Limited has 7 board changes on record since 2009: 2 appointments and 5 cessations. The latest: Sunita Sadashiv More was appointed as Additional Director on 24 Jan 2022.
Frequently asked questions
Piercing Systems India is an active private limited company based in Mumbai, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 17 November 2008 (18+ years old) and is registered under CIN U72900MH2008PTC188245.
Piercing Systems India has 2 current directors:
- Mohsin Mohamedy - Whole-Time Director
- Sunita Sadashiv More - Additional Director
The latest financial statements of Piercing Systems India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Piercing Systems India is 27AAECP9042L1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Piercing Systems India is U72900MH2008PTC188245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Piercing Systems India has 2 court cases on record: 2 filed by the company. Most are in the district courts.
Piercing Systems India was incorporated on 17 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunita Sadashiv More was appointed as Additional Director on 24 Jan 2022. Michael Reil ceased to be Additional Director on 21 Sep 2012. David Paul Rimi Ii ceased to be Director on 15 Sep 2012. Piercing Systems India has 7 board changes on record in total.
Piercing Systems India can be reached through the website piercingsystemsindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Piercing Systems India is at 1st Floor Gama House Gamdevi Road Bhandup West, Mumbai, Maharashtra, India – 400078.
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.
