About Binary Solutions Private Limited
Data last updated:
Binary Solutions Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 18 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74120WB1998PTC086774. Its GSTIN is 19AABCB1232H1Z3 (West Bengal).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35.3 Lakh. It is led by directors Surinder Goel and Anjali Goel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 Circus Market Place, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2023, the company reported a revenue of ₹70.87 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹60.73 Lakh (net margin 0.9%) and EBITDA of -₹4.92 Cr (EBITDA margin -6.9%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 24% over five years.
The company has about 271 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.35 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website binary.co.in.
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- Registered Address2 Circus Market Place, Kolkata, West Bengal, India – 700017
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Financials of Binary Solutions Private Limited FY 2025 filings available
Binary Solutions Private Limited reported revenue of ₹70.87 Cr (up 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Binary Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 33% 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 of Binary Solutions Private Limited
| 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 | ₹70.87 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.92 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.73 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 of Binary Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Binary Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Binary Solutions Private Limited
Binary Solutions Private Limited is audited by ASHOK AMIT & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASHOK AMIT & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Binary Solutions Private Limited
Binary Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surinder Goel Also directs: Western Infrabridge LLP | Director | 18 Mar 1998 | 28 Years 6 Months | Current |
| Anjali Goel Also directs: Western Infrabridge LLP | Director | 14 Dec 1998 | 27 Years 9 Months | Current |
Ownership and Shareholding of Binary Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Binary Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Feb 2023 | Yes Bank Limited | ₹5.5 Cr | Open |
| 29 Apr 2013 | Bank of Baroda | ₹1.24 Cr | Open |
| 24 Jan 2001 | Bank of Baroda | ₹1.61 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Binary Solutions Private Limited
Binary Solutions Private Limited has a workforce of 271 employees as of Mar 23, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Binary Solutions Private Limited
Binary Solutions has one previous CIN (Corporate Identification Number): U74909WB1998PTC086774. The current CIN is U74120WB1998PTC086774, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74120WB1998PTC086774 | Current |
| U74909WB1998PTC086774 | Previous |
Recent Activity on Binary Solutions Private Limited
Binary Solutions Private Limited has 2 board changes on record since 1998: 2 appointments. The latest: Anjali Goel was appointed as Director on 14 Dec 1998.
Credit Ratings, Litigation & Regulatory Alerts for Binary Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Binary Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Binary Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Binary Solutions Private Limited
Binary Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCB1232H1Z3 | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Binary Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Binary Solutions Private Limited
Binary Solutions is an active private limited company based in Kolkata, West Bengal, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 18 March 1998 (28+ years old) and is registered under CIN U74120WB1998PTC086774.
Binary Solutions reported revenue of ₹70.87 Cr for FY 2023 (up 33% YoY).
Binary Solutions has 2 current directors:
- Surinder Goel - Director
- Anjali Goel - Director
Binary Solutions reported a net profit of ₹60.73 Lakh (net margin 0.9%) and EBITDA of -₹4.92 Cr (EBITDA margin -6.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Binary Solutions is 30% over three years and 24% over five years. In the latest year (FY 2023) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Binary Solutions is 19AABCB1232H1Z3, registered in West Bengal.
The CIN (Corporate Identification Number) of Binary Solutions is U74120WB1998PTC086774. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binary Solutions was incorporated on 18 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Kolkata.
Anjali Goel was appointed as Director on 14 Dec 1998. Surinder Goel was appointed as Director on 18 Mar 1998.
Binary Solutions can be reached through the website binary.co.in. Its registered office is in Kolkata, West Bengal, India.