About Cirel Systems Private Limited
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Cirel Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the semiconductor fabrication and manufacturing segment of the engineering sector. It was incorporated on 04 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2013PTC067530. Its GSTIN is 29AAFCC1159C1ZX (Karnataka).
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.02 Cr. It is led by directors including Prakash Easwaran and Srinivasan Chakravarthy.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.08 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹5.39 Cr (net margin -132.2%) and EBITDA of -₹2.14 Cr (EBITDA margin -52.4%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 20% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Cirel Systems. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹31.93 Cr; the latest was in December 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cirelsystems.com.
Company details
Contact details
Cirel Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is cirelsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address505 3rd Cross B Block, Aecs Layout Kundalahalli, Bangalore, Karnataka, India – 560037
- IndustryEngineering, Semiconductor Fabrication & Manufacturing
To see the full contact details of Cirel 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
Brands
Cirel Systems operates one associated brand: Cirel Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of power management ICs | cirelsystems.com |
Business activity
The main business activity of Cirel 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 Cirel Systems Private Limited, buy the company report.
Financials of Cirel Systems Private Limited
FY 2025 filings availableCirel Systems Private Limited reported revenue of ₹4.08 Cr (down 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 93% fall in the latest year. EBITDA fell 108% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.14 Cr | ||||
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| Net Profit (PAT) | -₹5.39 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -52.4% | ||||
| Net Profit Margin | -132.2% | ||||
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To see the full financial statements and ratios of Cirel Systems Private Limited, buy the company report.
Board of directors of Cirel Systems Private Limited
Cirel Systems has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Easwaran Also directs: Green Pmu Semi Private Limited, Sensel Telematics Private Limited | Director | 04 Jan 2013 | 13 Years 10 Months | Current |
| Srinivasan Chakravarthy Also directs: Aptener Mechatronics Private Limited | Director | 04 Jan 2013 | 13 Years 10 Months | Current |
| Ganapathy Subramaniam Also directs: Yali Partners LLP, Yali Sponsors LLP, Blugrey Semiconductor Private Limited and 4 more | Director | 13 Jun 2014 | 12 Years 5 Months | Current |
| Sumeet Mathur | Director | 06 Mar 2013 | 13 Years 8 Months | Current |
| Akira Shimizu | Nominee Director | 26 May 2020 | 6 Years 5 Months | Current |
Auditor
Cirel Systems Private Limited is audited by Kalyanasundaram and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kalyanasundaram and Associates | FY 2023 | 005455S |
Shareholding
The shareholding of Cirel Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cirel Systems Private Limited, buy the company report.
Deals & funding
Cirel Systems Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹31.93 Cr; the latest was in December 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Funding round | ₹14.19 Cr | Investors: Torex Semiconductor Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Sep 2014 | Funding round | ₹3.72 Cr | Investors: A&E Investment |
| Jun 2014 | Funding round | ₹13.67 Cr | Investors: 4 individuals |
To see the full deal history of Cirel Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cirel Systems Private Limited has 2 court cases on record: 1 filed by Cirel Systems, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (OSA) | Filed by the company against Wacom Company Limited | Disposed |
| High Court of Karnataka | Company petition | Filed against the company by Wacom Company Limited | Disposed |
To see the full case history of Cirel Systems 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 Cirel Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cirel Systems Private Limited has a workforce of 1 employees on its EPFO records as of Mar 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Cirel Systems Private Limited, buy the company report.
GST
Cirel Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC1159C1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cirel Systems Private Limited, buy the company report.
Recent activity
Cirel Systems Private Limited has 10 board changes on record since 2013: 5 appointments and 5 cessations. The latest: Akira Shimizu was appointed as Nominee Director on 26 May 2020.
1 earlier event is in the company report.
Frequently asked questions
Cirel Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in semiconductor fabrication and manufacturing, within the engineering industry. It was incorporated on 04 January 2013 (13+ years old) and is registered under CIN U74999KA2013PTC067530.
Cirel Systems has 5 current directors:
- Prakash Easwaran - Director
- Srinivasan Chakravarthy - Director
- Ganapathy Subramaniam - Director
- Sumeet Mathur - Director
- Akira Shimizu - Nominee Director
The latest financial statements of Cirel Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cirel Systems is 29AAFCC1159C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Cirel Systems is U74999KA2013PTC067530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cirel Systems has 2 court cases on record: 1 filed by the company and 1 filed against it.
Cirel Systems was incorporated on 04 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Cirel Systems has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹31.93 Cr; the latest was in December 2019.
Akira Shimizu was appointed as Nominee Director on 26 May 2020. Lip Bu Tan ceased to be Director on 23 Apr 2015. Ganapathy Subramaniam ceased to be Additional Director on 23 Sep 2014. Cirel Systems has 10 board changes on record in total.
Cirel Systems can be reached through the website cirelsystems.com. Its registered office is in Bangalore, Karnataka, India.
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