Precel Solutions Private Limited
About Precel Solutions Private Limited
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Precel Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 09 March 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2001PTC131158.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.85 Cr. It was formerly known as Sangeetha Information Technology Pvt Ltd. It is led by directors including Priyank Parekh and Rameshwar Raut.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 601 Ravi Building 189/191 Dr. D. N. Road Next To Central Camera House Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.6 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹14.72 Lakh (net margin 9.2%) and EBITDA of ₹20.27 Lakh (EBITDA margin 12.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 8% over five years.
Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Precel Solutions has one previous CIN (Corporate Identification Number): U72900MH2001PTC131158. The current CIN is U67190MH2001PTC131158, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2001PTC131158 | Current |
| U72900MH2001PTC131158 | Previous |
Contact details
Precel Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address601 Ravi Building 189/191 Dr. D. N. Road Next To Central Camera House Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Precel Solutions 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 Precel Solutions is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Precel Solutions Private Limited, buy the company report.
Financials of Precel Solutions Private Limited
FY 2024 filings availablePrecel Solutions Private Limited reported revenue of ₹1.6 Cr (down 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 34% fall in the latest year. EBITDA rose 69% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹20.27 Lakh | ||||
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| Net Profit (PAT) | ₹14.72 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | ||||
| Net Profit Margin | 9.2% | ||||
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To see the full financial statements and ratios of Precel Solutions Private Limited, buy the company report.
Board of directors of Precel Solutions Private Limited
Precel Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyank Parekh Also directs: Garuda Motors Private Limited, Excellence Finance Private Limited, Sat Gol Investment Private Limited and 1 more | Director | 15 Apr 2021 | 5 Years 6 Months | Current |
| Rameshwar Raut Also directs: Garuda Motors Private Limited, Excellence Finance Private Limited, Sat Gol Investment Private Limited and 1 more | Director | 01 Jul 2024 | 2 Years 4 Months | Current |
| Sachin Bakshi Also directs: Garuda Motors Private Limited, Sat Gol Investment Private Limited, Packswell Combine Private Limited and 1 more | Director | 30 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Precel Solutions Private Limited is audited by A B TANDAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A B TANDAN & CO | FY 2020 | 002435C |
Shareholding
The shareholding of Precel Solutions Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precel Solutions Private Limited, buy the company report.
Legal cases
Precel Solutions Private Limited has 8 court cases on record: 6 filed by Precel Solutions, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Income Tax Officer Ward 34(1)(1) Mumbai | Disposed |
| Supreme Court | Court case | Filed against the company by Income Tax Officer | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Income Tax Officer, Ward 7( and 5 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Income Tax Officer,Ward 7( and 3 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Income Tax Officer Ward 7( and 3 others | Disposed |
To see the full case history of Precel Solutions 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 Precel Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Precel Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Precel Solutions Private Limited has 11 board changes on record since 2011: 4 appointments and 7 cessations. The latest: Sachin Bakshi was appointed as Director on 30 Aug 2025.
2 earlier events are in the company report.
Frequently asked questions
Precel Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 09 March 2001 (25+ years old) and is registered under CIN U67190MH2001PTC131158.
Precel Solutions has 3 current directors:
- Priyank Parekh - Director
- Rameshwar Raut - Director
- Sachin Bakshi - Director
The latest financial statements of Precel Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Precel Solutions is U67190MH2001PTC131158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precel Solutions has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Precel Solutions was incorporated on 09 March 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Sachin Bakshi was appointed as Director on 30 Aug 2025. Gaurav Bakshi was appointed as Director on 02 Sep 2024. Rahul Parekh ceased to be Director on 02 Jul 2024. Precel Solutions has 11 board changes on record in total.
The registered office of Precel Solutions is at 601 Ravi Building 189191 Dr. D. N. Road Next To Central Camera House Fort, Mumbai, Maharashtra, India – 400001.
Precel Solutions operates in the financial services industry, in the diversified financial services segment.
The compliance status of Precel Solutions is compliant as of 13 September 2026. The company is actively filing with the Registrar of Companies.
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