About ParXsys
ParXsys is a company based in Bengaluru (India) founded in 2016 by Syed Haseeb Arfath. It operates as a B2C. ParXsys operates in a competitive market with competitors including nextbike, Mobike, MYBYK, Bycyshare Technologies and Chartered Bike, among others.
- Headquarter Bengaluru, India
- Founders Syed Haseeb Arfath
- SectorsTechnology
- Website parxsys.com
- Social Facebook
- Legal Name Parxsys Moblit Systems Private Limited
- Date of Incorporation 29 Jan, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹9.5 Lakh
FY 2023 · -97% YoY
- Net Loss-₹70,000
FY 2023 · -7% margin
- EBITDA-₹63,000
FY 2023 · -7% margin
Associated legal entities of ParXsys
ParXsys operates through Parxsys Moblit Systems Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parxsys Moblit Systems Private Limited CIN U72200KA2016PTC085659 | Under Process Of Striking Off | 29 Jan 2016 | Bangalore, Karnataka | ₹0.1 Cr | 10 | 3 | View details |
Board of directors of Parxsys Moblit Systems Private Limited (ParXsys)
Parxsys Moblit Systems Private Limited is the primary company behind ParXsys. The board of Parxsys Moblit Systems Private Limited currently have 3 directors; the longest-serving is Srinidhi Sridhar, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinidhi Sridhar DIN 03487990 | Director | 29 Jan 2016 | 10 yrs 8 mo | Parxsys Moblit Systems Private Limited |
| Haseeb Syed Arfath DIN 03488055 | Director | 29 Jan 2016 | 10 yrs 8 mo | Parxsys Moblit Systems Private Limited |
| Sushil Pandey Premprakash DIN 07571341 | Director | 29 Nov 2018 | 7 yrs 10 mo | Parxsys Moblit Systems Private Limited |
People of ParXsys
1 people are tracked at ParXsys (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, Chairman, MD | Leadership |
Complete people profiles for ParXsys
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Financials of ParXsys
Figures of Parxsys Moblit Systems Private Limited, the primary company behind ParXsys, for FY 2023. Revenue was ₹9.5 Lakh (-97% year on year). Net loss was -₹70,000 (-7% margin). EBITDA was -₹63,000 (-7% margin). Revenue has grown at a compounded annual rate of -65% over three years and -42% over five years.
- ₹9.5 LakhRevenue · FY 2023 · -97% YoY
- -₹70,000Net loss · -7% margin
- -₹63,000EBITDA · -7% margin
- ₹1 LakhPaid-up capital
- 10Employees (provident fund records)
- -65%Revenue CAGR, 3 years
- -42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parxsys Moblit Systems Private Limited are on its company page.
Detailed financial statements for ParXsys
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- Downloads
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Competitors of ParXsys
ParXsys operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as nextbike, Mobike, MYBYK, Bycyshare Technologies and Chartered Bike, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nextbike.net | 2004 | Leipzig, Germany | – | 460 | End-to-end solutions for bicycle sharing | |
| mobike.com | 2015 | Beijing, China | $925M | – | App-based rental platform offering bicycles | |
| mybyk.in | 2014 | Ahmedabad, India | $1.34M | 42 | Subscription-based bicycle rentals are enabled via a mobile app. | |
| bycysharetechnologies.tcc.mode | 2017 | Delhi, India | – | 909 | Bicycles are rented online and unlocked via QR code scans. | |
| charteredbike.in | 2017 | Ahmedabad, India | – | 94 | Electric vehicle subscription and leasing provider for personal and commercial use | |
| cymour.com | 2013 | Pune, India | $30,859 | 3 | Bicycles are located, unlocked, and rented via an app-based platform. | |
| renacle.com | 2011 | Pune, India | $213,505 | 3 | Online station-based bicycle rental platform | |
| planetgreenbikes.in | 2016 | Delhi, India | – | – | Operates a platform for eco-friendly cycle rentals. |
Detailed competitors of ParXsys
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Similar companies to ParXsys
10 companies that operate in the same segment as ParXsys (Sharing Economy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for captcha solving and referral earnings services. | – | Kolhapur, Maharashtra, India | – | USD 17.27 K | – | |
Platform for paid surveys where users share opinions and earn rewards globally. | 2008 | Bengaluru, Karnataka, India | – | USD 21.42 M | 357 | |
Provides self-drive car rentals with unlimited kilometers and no deposit services. | 2016 | Hyderabad, Telangana, India | – | USD 20.05 K | – | |
An app-based platform for sharing and discovering social deals on a variety of products. | 2021 | Bengaluru, Karnataka, India | – | USD 8.06 M | 47 | |
Operates a horizontal peer-to-peer online platform for renting various items. | 2015 | Mumbai, Maharashtra, India | – | USD 488.76 K | – | |
Platform linking providers and consumers for on-demand services. | 2015 | Coimbatore, Tamil Nadu, India | – | – | – | |
Operates a station-based electric scooter sharing service for convenient urban mobility. | 2018 | Delhi, Delhi, India | – | – | – | |
Secure platform for peer-to-peer file transfers across devices and platforms. | – | Gurugram, Haryana, India | – | USD 941.66 K | 20 | |
Operates an online platform for users to create and share fashion trends within a vibrant community. | 2013 | Noida, Uttar Pradesh, India | – | – | – | |
Online platform for taxi booking, sharing rides, and outstation travel services. | 2018 | Delhi, Delhi, India | – | USD 3.01 K | 1 |
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Frequently Asked Questions about ParXsys
ParXsys was founded in 2016.
ParXsys is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind ParXsys, Parxsys Moblit Systems Private Limited, reported revenue of ₹9.5 Lakh for FY 2023, down 97% year on year.
ParXsys, based in Bengaluru, focuses on transportation and mobility, sharing economy, offering bicycle sharing, and platform services. Operates a bicycle sharing platform for urban mobility. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
ParXsys operates through Parxsys Moblit Systems Private Limited.
The legal entities of ParXsys currently have 3 directors, including Srinidhi Sridhar, Haseeb Syed Arfath, Sushil Pandey Premprakash.