Cornerstone Systems Private Limited
About Cornerstone Systems Private Limited
Data last updated:
Cornerstone Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 13 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1994PTC083719. Its GSTIN is 27AAACC5709R1Z7 (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Wilfred Francis Lobo and Krishnakumar Raman.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 204 Raja Industrial Estate P. K. Road Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2023, the company reported a revenue of ₹95.48 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹7.17 Lakh (net margin -7.5%) and EBITDA of -₹2.1 Lakh (EBITDA margin -2.2%). Revenue has declined at a compounded annual rate (CAGR) of 16% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.18 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address204 Raja Industrial Estate P. K. Road Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryEngineering, Industrial Maintenance & Repair 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
Business Activity of Cornerstone Systems Private Limited
The main business activity of Cornerstone Systems is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Cornerstone Systems Private Limited FY 2023 filings available
Cornerstone Systems Private Limited reported revenue of ₹95.48 Lakh (down 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Cornerstone Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 8% fall in the latest year. EBITDA rose 95% 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 Cornerstone Systems 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.17 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 Cornerstone Systems Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -7.5% | •••• | •••• | •••• | •••• |
| 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 Cornerstone Systems 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.
Peer Comparison of Cornerstone Systems Private Limited
Cornerstone Systems Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Maintenance Services, Telecom Infrastructure). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technical Advisory & Support Services India Private Limited | ₹96.41 Lakh (FY 2025) | •••• | •••• | 218.0% | •••• | Bhopal, Madhya Pradesh, India |
| Thulir Tech Solutions Private Limited | ₹96.31 Lakh (FY 2024) | •••• | •••• | 26.0% | •••• | Chennai, Tamil Nadu, India |
| SRZ Enterprises India Private Limited | ₹96.03 Lakh (FY 2024) | •••• | •••• | 77.0% | •••• | Hyderabad, Telangana, India |
| Ark Automation Private Limited | ₹95.84 Lakh (FY 2024) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| SSG Maintenance Services Private Limited | ₹95.52 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Gurgaon, Haryana, India |
| Cornerstone Systems Private Limited this company | ₹95.48 Lakh (FY 2023) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Renew Consulting Engineers Private Limited | ₹95.1 Lakh (FY 2025) | •••• | •••• | 67.0% | •••• | Bangalore, Karnataka, India |
| Protek Instruments Pvt Ltd | ₹94.84 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Pune, Maharashtra, India |
| Acuvelocity India Private Limited | ₹94.62 Lakh (FY 2024) | •••• | •••• | 517.0% | •••• | Mysore, Karnataka, India |
| Gnodeb Networks Private Limited | ₹94.49 Lakh (FY 2024) | •••• | •••• | 53.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Linkstar Technologies Private Limited | ₹94.48 Lakh (FY 2023) | •••• | •••• | 52.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Cornerstone Systems by revenue in the Engineering industry (Maintenance Services, Telecom Infrastructure), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Cornerstone Systems Private Limited
Cornerstone Systems Private Limited is audited by GANESH JAGADEESH & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANESH JAGADEESH & 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 Cornerstone Systems Private Limited
Cornerstone Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Wilfred Francis Lobo | Director | 13 Dec 1994 | 31 Years 10 Months | Current |
| Krishnakumar Raman | Director | 13 Dec 1994 | 31 Years 10 Months | Current |
Ownership and Shareholding of Cornerstone Systems 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 Cornerstone Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Oct 2021 | Others | ₹8.37 Lakh | Open |
| 18 Oct 2016 | Others | ₹43.53 Lakh | Open |
| 16 Sep 2011 | Central Bank of India | ₹15 Lakh | Open |
| 16 Sep 2011 | Central Bank of India | ₹30 Lakh | Open |
| 31 Aug 2004 | Central Bank of India | ₹2 Lakh | Open |
Total charge records: 7 View all charges
Employees and EPFO Compliance at Cornerstone Systems Private Limited
Cornerstone Systems Private Limited has a workforce of 9 employees as of Apr 04, 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.
Recent Activity on Cornerstone Systems Private Limited
Cornerstone Systems Private Limited has 3 board changes on record since 1994: 2 appointments and 1 cessation. The latest: Ajitkumar Karunakaran Nair ceased to be Director on 20 May 2019.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cornerstone Systems 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 Cornerstone Systems 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 Cornerstone Systems 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 Cornerstone Systems Private Limited
Cornerstone Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC5709R1Z7 | Maharashtra | 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 Cornerstone Systems 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 Cornerstone Systems Private Limited
Cornerstone Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 13 December 1994 (32+ years old) and is registered under CIN U51900MH1994PTC083719.
Cornerstone Systems reported revenue of ₹95.48 Lakh for FY 2023 (down 8% YoY).
Cornerstone Systems has 2 current directors:
- Wilfred Francis Lobo - Director
- Krishnakumar Raman - Director
Cornerstone Systems reported a net loss of ₹7.17 Lakh (net margin -7.5%) and EBITDA of -₹2.1 Lakh (EBITDA margin -2.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cornerstone Systems is -16% over five years. In the latest year (FY 2023) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cornerstone Systems is 27AAACC5709R1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cornerstone Systems is U51900MH1994PTC083719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cornerstone Systems was incorporated on 13 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cornerstone Systems by revenue are Technical Advisory & Support Services India Private Limited, Thulir Tech Solutions Private Limited, SRZ Enterprises India Private Limited, Ark Automation Private Limited, SSG Maintenance Services Private Limited and 5 more, all in the Engineering industry (Maintenance Services, Telecom Infrastructure).
Ajitkumar Karunakaran Nair ceased to be Director on 20 May 2019. Krishnakumar Raman was appointed as Director on 13 Dec 1994. Wilfred Francis Lobo was appointed as Director on 13 Dec 1994.
The registered office of Cornerstone Systems is at 204 Raja Industrial Estate P. K. Road Mulund West, Mumbai, Maharashtra, India – 400080.