About Cygnet Systems Private Limited
Data last updated:
Cygnet Systems Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 04 October 1999.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN1999PTC014042. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.25 Lakh. It was led by directors Susan Paul and Zarir Maneck Karbhari.
Its last annual general meeting (AGM) was held on 24 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 1st Floor Alankar Cinema Building Sadhu Vaswani Road, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2020, the company reported a revenue of ₹97,760, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹27,769 (net margin 28.4%) and EBITDA of ₹28,436 (EBITDA margin 29.1%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years and 61% over five years.
The last known website on record is cyspl.com.
Company details
Contact details
Cygnet Systems Private Limited's registered office is in Pune, Maharashtra. Its website is cyspl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Alankar Cinema Building Sadhu Vaswani Road, Pune, Maharashtra, India – 411001
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Cygnet 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
Financials of Cygnet Systems Private Limited
FY 2020 filings availableCygnet Systems Private Limited reported revenue of ₹97,760 (up 1251% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years. EBITDA rose 102% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹97,760 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28,436 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27,769 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.1% | ||||
| Net Profit Margin | 28.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Cygnet Systems Private Limited, buy the company report.
Board of directors of Cygnet Systems Private Limited
Cygnet 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 |
|---|---|---|---|---|
| Susan Paul | Director | 04 Oct 1999 | 27 Years 0 Months | As last reported |
| Zarir Maneck Karbhari Also directs: Kunashni Foundation | Director | 04 Oct 1999 | 27 Years 0 Months | As last reported |
Peer comparison
Cygnet Systems Private Limited is compared with the 10 companies closest to it by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prmacro Systems Private Limited | ₹99,498 (FY 2024) | -97.0% | Chennai, Tamil Nadu, India | |||
| Innovatix Tech Private Limited | ₹99,200 (FY 2018) | -7.0% | Delhi, India | |||
| Pro Creations Technologies Private Limited | ₹98,232 (FY 2022) | 344.0% | Mumbai, Maharashtra, India | |||
| Aptrix Labs Private Limited | ₹98,004 (FY 2021) | Hyderabad, Telangana, India | ||||
| Gitanti Ventures Private Limited | ₹97,858 (FY 2025) | 364.0% | Mumbai, Maharashtra, India | |||
| Cygnet Systems Private Limitedthis company | ₹97,760 (FY 2020) | ₹27,769 | 28.4% | 1251.0% | Pune, Maharashtra, India | |
| Orangepeople Infosoft India Private Limited | ₹97,485 (FY 2022) | 770.0% | Hyderabad, Telangana, India | |||
| Gr8 360D Biz Consultancy Services Private Limited | ₹97,189 (FY 2023) | Chennai, Tamil Nadu, India | ||||
| Ere Business Solutions Private Limited | ₹96,715 (FY 2021) | Kozhikode, Kerala, India | ||||
| Fulle Cloud Solutions Private Limited | ₹96,610 (FY 2025) | -40.0% | Bangalore, Karnataka, India | |||
| Abalone Technologies Private Limited | ₹96,118 (FY 2024) | 4663.0% | New Delhi, Delhi, India |
To see the full peer comparison of Cygnet Systems Private Limited, buy the company report.
Auditor
Cygnet Systems Private Limited is audited by JEEVAN CHOUHAN & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JEEVAN CHOUHAN & ASSOCIATES | FY 2019 | 141383W |
Shareholding
The shareholding of Cygnet Systems Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cygnet Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cygnet Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cygnet Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cygnet Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cygnet Systems Private Limited, buy the company report.
Recent activity
Cygnet Systems Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Siddharth Ashok Karnik ceased to be Director on 25 Apr 2008.
Frequently asked questions
Cygnet Systems has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Cygnet Systems was a private limited company based in Pune, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 04 October 1999 and is registered under CIN U72200PN1999PTC014042. The company has been struck off by the Registrar of Companies and is no longer operational.
Cygnet Systems had 2 directors:
- Susan Paul - Director
- Zarir Maneck Karbhari - Director
The CIN (Corporate Identification Number) of Cygnet Systems is U72200PN1999PTC014042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Cygnet Systems is at 1st Floor Alankar Cinema Building Sadhu Vaswani Road, Pune, Maharashtra, India – 411001.
Cygnet Systems was incorporated on 04 October 1999. It is registered with the Registrar of Companies, Pune.
Cygnet Systems can be reached through the website cyspl.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Cygnet Systems on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 24 November 2020. Year-wise statements from 2015 are in the company report.
No. Cygnet Systems has 1 GST registration on record and it is cancelled or inactive.
Cygnet Systems operated in the information technology industry, in the software development and support services segment. It worked in this industry before it was struck off.
The peers of Cygnet Systems by revenue are Prmacro Systems Private Limited, Innovatix Tech Private Limited, Pro Creations Technologies Private Limited, Aptrix Labs Private Limited, Gitanti Ventures Private Limited and 5 more, all in the Information Technology industry (Software Services).