MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-PB-12-0003016
I Prime Services Private Limited - information technology in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.29 Cr
▲ 34% YoY
Net profit · FY 2024
₹1.11 Cr
Net margin 7.2%
EBITDA · FY 2024
₹1.89 Cr
EBITDA margin 12.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.45 Lakh
Issued & subscribed
Open charges
₹2.84 Cr
Secured borrowings
Company age
71 yrs
Est. 1955
Employees · EPFO
73
Provident fund records
About I Prime Services Private Limited
Data last updated:
I Prime Services Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 22 August 1955 and has been in existence for over 71 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U72200PB1955PTC036263.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.45 Lakh. It was formerly known as Mehar Singh & Co Pvt Ltd. It is led by directors including Maninder Singh Grewal (Managing Director) and Maninder Grewal (Whole-Time Director).
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 188 – L Model Town, Ludhiana, Punjab, India – 141002.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.29 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 7.2%) and EBITDA of ₹1.89 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 14% over five years.
The company has about 73 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: iPRIME and iPrime Services. As per MCA filings, the company has open charges of ₹2.84 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
I Prime Services Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-PB-12-0003016). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iprimeserv.com.
Company details
CIN U72200PB1955PTC036263
Registration Number 036263
Incorporation Date 22 August 1955
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-PB-12-0003016
CIN history
I Prime Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200PB1955PTC036263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200PB1955PTC036263 | Current |
| U70101WB1955PTC022566 | Previous |
| U72200WB1955PTC022566 | Previous |
Key People
Maninder Singh Grewal Managing Director Maninder Grewal Whole-Time Director Harpal Singh Director Recognitions & Rankings of I Prime Services
Contact details
I Prime Services Private Limited's registered office is in Ludhiana, Punjab. Its website is iprimeserv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address188 – L Model Town, Ludhiana, Punjab, India – 141002
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of I Prime Services Private Limited, buy the company report.
Comprehensive company report
I Prime Services Private Limited - one report that includes everything
- 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
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Brands
I Prime Services operates two associated brands: iPRIME and iPrime Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR and compliance solutions for businesses across various industries. | iprime.in | |
| IT services for digital transformation, crisis management, and business continuity in various industries. | iprimeserv.com |
Business activity
The main business activity of I Prime Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of I Prime Services Private Limited, buy the company report.
Financials of I Prime Services Private Limited
FY 2025 filings availableI Prime Services Private Limited reported revenue of ₹15.29 Cr (up 34% YoY) for FY 2024.
Revenue · FY 2024
₹15.29 Cr ▲ 34%
Net profit · FY 2024
₹1.11 Cr margin 7.2%
EBITDA · FY 2024
₹1.89 Cr margin 12.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 25%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 17%
5 years · compounded
▲ 20%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 34% growth in the latest year. EBITDA rose 23% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.89 Cr | ||||
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| Net Profit (PAT) | ₹1.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 12.3% | ||||
| Net Profit Margin | 7.2% | ||||
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To see the full financial statements and ratios of I Prime Services Private Limited, buy the company report.
Board of directors of I Prime Services Private Limited
I Prime Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harpal Singh | Director | 23 May 2011 | 15 Years 5 Months | Current |
| Maninder Grewal | Whole-Time Director | 25 Sep 1997 | 29 Years 1 Months | Current |
| Maninder Singh Grewal | Managing Director | 01 Nov 1981 | 44 Years 11 Months | Current |
Auditor
I Prime Services Private Limited is audited by RAKESH GROVER & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESH GROVER & CO. | FY 2022 | 017153N |
Shareholding
The shareholding of I Prime Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of I Prime Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.84 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2025 | 101127252 | Hdfc Bank Limited | ₹2.5 Cr | Open | |
| 15 Mar 2024 | 100896403 | Others | ₹18 Lakh | Open | |
| 28 Sep 2023 | 100788657 | Others | ₹16 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
I Prime Services Private Limited has 2 court cases on record: 1 filed by I Prime Services, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against an individual | Disposed |
| Calcutta High Court | Tax appeal | Filed against the company by an individual | Disposed |
To see the full case history of I Prime Services 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 I Prime Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
I Prime Services Private Limited has a workforce of 73 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
73
Active EPFO establishments
1
Employee growth
23.73%
GST
No GST registration is on our record for I Prime Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
I Prime Services Private Limited has 6 board changes on record since 1981: 3 appointments and 3 cessations. The latest: Maninder Singh Grewal ceased to be Director on 29 Sep 2023.
AGM
I Prime Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 250.00 Lakh with Charge ID 101127252 was registered on 10 Jun 2025.
Filing
I Prime Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 18.00 Lakh with Charge ID 100896403 was registered on 15 Mar 2024.
Ceased
Maninder Singh Grewal ceased to be Director.
Charges
A charge with Others amounted to Rs. 16.00 Lakh with Charge ID 100788657 was registered on 28 Sep 2023.
Ceased
Maninder Grewal ceased to be Director.
Ceased
Harpal Singh ceased to be Additional Director.
Appointed
Harpal Singh was appointed as Director.
Appointed
Maninder Grewal was appointed as Whole-Time Director.
Appointed
Maninder Singh Grewal was appointed as Managing Director.
Incorporation
22 Aug 1955
I Prime Services Private Limited was registered on 22 Aug 1955 with Roc Chandigarh & aged 71 years 2 months as per MCA records.
Frequently asked questions
I Prime Services is an active private limited company based in Ludhiana, Punjab, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 22 August 1955 (71+ years old) and is registered under CIN U72200PB1955PTC036263.
I Prime Services has 3 current directors:
- Maninder Singh Grewal - Managing Director
- Maninder Grewal - Whole-Time Director
- Harpal Singh - Director
The latest financial statements of I Prime Services 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 CIN (Corporate Identification Number) of I Prime Services is U72200PB1955PTC036263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I Prime Services has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
I Prime Services was incorporated on 22 August 1955, making it 71+ years old. It is registered with the Registrar of Companies, Chandigarh.
Maninder Singh Grewal ceased to be Director on 29 Sep 2023. Maninder Grewal ceased to be Director on 01 Aug 2013. Harpal Singh ceased to be Additional Director on 30 Sep 2011. I Prime Services has 6 board changes on record in total.
Yes, I Prime Services is registered as an MSME under Udyam registration (number: UDYAM-PB-12-0003016).
I Prime Services can be reached through the website iprimeserv.com. Its registered office is in Ludhiana, Punjab, India.
The registered office of I Prime Services is at 188 – L Model Town, Ludhiana, Punjab, India – 141002.