About Piitech Systems Private Limited
Data last updated:
Piitech Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 November 2013.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC071682. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.5 Lakh. It is led by directors including Nagesh Rangappan and Rajaram Ganesh Shastri.
Its last annual general meeting (AGM) was held on 24 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 730 8th Cross 10th Main Hal II Stage, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2022, the company reported a revenue of ₹16.76 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.07 Lakh (net margin 36.2%) and EBITDA of ₹7.52 Lakh (EBITDA margin 44.9%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 6% over five years.
The last known website on record is piitechsystems.com.
Company details
Contact details
Piitech Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is piitechsystems.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address730 8th Cross 10th Main Hal II Stage, Bangalore, Karnataka, India – 560008
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Piitech Systems 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 Piitech Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Piitech Systems Private Limited, buy the company report.
Financials of Piitech Systems Private Limited
FY 2022 filings availablePiitech Systems Private Limited reported revenue of ₹16.76 Lakh (up 1636% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years. EBITDA rose 206% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹7.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.07 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.9% | ||||
| Net Profit Margin | 36.2% | ||||
| 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 Piitech Systems Private Limited, buy the company report.
Board of directors of Piitech Systems Private Limited
Piitech Systems 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 |
|---|---|---|---|---|
| Nagesh Rangappan Also directs: Imedrix Systems Private Limited | Director | 10 Oct 2015 | 11 Years 1 Months | Current |
| Rajaram Ganesh Shastri Also directs: Imedrix Systems Private Limited | Director | 01 Sep 2015 | 11 Years 2 Months | Current |
| Venkatakrishna Araveti Also directs: Trinetrix Systems & Solutions Private Limited | Director | 05 Nov 2013 | 13 Years 0 Months | Current |
Auditor
Piitech Systems Private Limited is audited by M S K A & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & CO | FY 2019 | 117035W |
Shareholding
The shareholding of Piitech Systems Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Piitech Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Piitech Systems 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 Piitech Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Piitech Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Piitech Systems Private Limited, buy the company report.
Recent activity
Piitech Systems Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Nagesh Rangappan ceased to be Additional Director on 29 Sep 2016.
Frequently asked questions
Piitech Systems is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Piitech Systems is a company pending strike off, currently registered as a private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 November 2013 and is registered under CIN U72200KA2013PTC071682. The company may be struck off soon - caution is advised.
The compliance status of Piitech Systems is compliant as of 04 September 2026.
Piitech Systems has 3 current directors:
- Nagesh Rangappan - Director
- Rajaram Ganesh Shastri - Director
- Venkatakrishna Araveti - Director
The CIN (Corporate Identification Number) of Piitech Systems is U72200KA2013PTC071682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Piitech Systems was incorporated on 05 November 2013. It is registered with the Registrar of Companies, Bangalore.
Piitech Systems can be reached through the website piitechsystems.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Piitech Systems is at 730 8th Cross 10th Main Hal II Stage, Bangalore, Karnataka, India – 560008.
The latest financial statements of Piitech Systems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 24 September 2022. Year-wise statements from 2015 are in the company report.
No. Piitech Systems has 1 GST registration on record and it is cancelled or inactive.
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.
