About Parinati Solutions
Parinati Solutions is a Technology company based in Mumbai (India) founded in 2010, and was acquired by Accion Labs in September 2015. Application development, maintenance and quality assurance services. The company has 36 employees. Its Indian entity Parinati Solutions Private Limited reported revenue of ₹6.96 Cr. Its focus areas include Business Services, IT Services, Application Development and Software Development.
Company details
Parinati provides IT services and solutions. Services provided include application development and maintenance, mobility solutions, payments practise, managed captive services, and technology partnership with startups. It was acquired by Accion Labs to provide more effective services to clients in US, UK, Singapore, Malaysia and Australia.
- Headquarters Mumbai, India
- Employees 36
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website parinati.in
- Social LinkedIn X Facebook
- Acquired by Accion Labs (Sep 2015)
- Legal Name Parinati Solutions Private Limited
- Date of Incorporation 25 Sep, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.96 Cr
FY 2020 · +4% YoY
- Net Profit₹66.4 Lakh
FY 2020 · 10% margin
- EBITDA₹92.6 Lakh
FY 2020 · 13% margin
- Investors
- Employee Count36
- Acquired byAccion Labs
(Sep 2015)
Associated legal entities of Parinati Solutions
Parinati Solutions operates through Parinati Solutions Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parinati Solutions Private Limited CIN U74900MH2010PTC208165 | Amalgamated | 25 Sep 2010 | Mumbai, Maharashtra | ₹7.0 Cr | 36 | 2 | View details |
Investors in Parinati Solutions
Parinati Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Accion Labs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software Technology Services Firm | 2011 | accionlabs.com | Pittsburgh, United States |
Investor details for Parinati Solutions
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- Complete investor list
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Board of directors of Parinati Solutions Private Limited (Parinati Solutions)
Parinati Solutions Private Limited is the primary company behind Parinati Solutions. The board of Parinati Solutions Private Limited currently have 2 directors; the longest-serving is Ashutosh Maruti Bijoor, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashutosh Maruti Bijoor DIN 01425999 | Director | 10 Nov 2015 | 11 yrs | Parinati Solutions Private Limited |
| Ramesh Narasimhan DIN 02044072 | Director | 10 Nov 2015 | 11 yrs | Parinati Solutions Private Limited |
Financials of Parinati Solutions
Figures of Parinati Solutions Private Limited, the primary company behind Parinati Solutions, for FY 2020. Revenue was ₹6.96 Cr (+4% year on year). Net profit was ₹66.4 Lakh (10% margin). EBITDA was ₹92.6 Lakh (13% margin). Revenue has grown at a compounded annual rate of +22% over three years and +20% over five years.
- ₹6.96 CrRevenue · FY 2020 · +4% YoY
- ₹66.4 LakhNet profit · 10% margin
- ₹92.6 LakhEBITDA · 13% margin
- ₹21.4 LakhPaid-up capital
- 36Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parinati Solutions Private Limited are on its company page.
Detailed financial statements for Parinati Solutions
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- Five-year trends
- Downloads
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Timeline of Parinati Solutions
2 dated milestones of Parinati Solutions across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Parinati Solutions is founded.
- Exit Acquired by Accion Labs.
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Frequently Asked Questions about Parinati Solutions
Parinati Solutions was founded in 2010.
Parinati Solutions is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Parinati Solutions has 36 employees.
The primary company behind Parinati Solutions, Parinati Solutions Private Limited, reported revenue of ₹6.96 Cr for FY 2020, up 4% year on year.
Parinati provides IT services and solutions. Services provided include application development and maintenance, mobility solutions, payments practise, managed captive services, and technology partnership with startups. It was acquired by Accion Labs to provide more effective services to clients in US, UK, Singapore, Malaysia and Australia.
Parinati Solutions has 1 investor. Key investors include Accion Labs.
Parinati Solutions operates through Parinati Solutions Private Limited.
Yes. Parinati Solutions was acquired by Accion Labs in September 2015.
The legal entities of Parinati Solutions currently have 2 directors, including Ashutosh Maruti Bijoor, Ramesh Narasimhan.