MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0014945
Ideal Systems Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹42.04 Cr
▲ 14% YoY
Net profit · FY 2020
₹42.18 Lakh
Net margin 1%
EBITDA · FY 2020
₹2.16 Cr
EBITDA margin 5.1%
Authorised capital
₹22 Cr
Registered with MCA
Paid-up capital
₹14.17 Cr
Issued & subscribed
Open charges
₹11 Cr
Secured borrowings
Company age
30 yrs
Est. 1996
Employees · EPFO
3
Provident fund records
About Ideal Systems Limited
Data last updated:
Ideal Systems Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Asya Infosoft Limited. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 29 November 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30007GJ1996PLC031197. Its GSTIN is 24AAACI4693J1ZE (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹14.17 Cr. It was formerly known as Ideal Systems Private Limited. It is led by directors including Ketan Nalinkant Shah (Managing Director) and Dhavalbhai Pravinbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 4th Floor H N House(Nidhi Complex) Nr Under Bridge Stadium Five Roads, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2020, the company reported a revenue of ₹42.04 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹42.18 Lakh (net margin 1%) and EBITDA of ₹2.16 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 5 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in December 2014.
Ideal Systems Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0014945). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website isplindia.com.
Company details
CIN U30007GJ1996PLC031197
Registration Number 031197
Incorporation Date 29 November 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2020
Date of Balance Sheet 31 March 2020
Parent Company Asya Infosoft Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0014945
CIN history
Ideal Systems has one previous CIN (Corporate Identification Number): U30007GJ1996PTC031197. The current CIN is U30007GJ1996PLC031197, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007GJ1996PLC031197 | Current |
| U30007GJ1996PTC031197 | Previous |
Key People
Ketan Nalinkant Shah Managing Director Dhavalbhai Pravinbhai Patel Director Ravi Naranbhai Mali Director Recognitions & Rankings of Ideal Systems
Contact details
Ideal Systems Limited's registered office is in Ahmedabad, Gujarat. Its website is isplindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4th Floor H N House(Nidhi Complex) Nr Under Bridge Stadium Five Roads, Ahmedabad, Gujarat, India – 380009
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
To see the full contact details of Ideal Systems Limited, buy the company report.
Comprehensive company report
Ideal Systems 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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Business activity
The main business activity of Ideal Systems is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ideal Systems Limited, buy the company report.
Financials of Ideal Systems Limited
FY 2020 filings availableIdeal Systems Limited reported revenue of ₹42.04 Cr (up 14% YoY) for FY 2020.
Revenue · FY 2020
₹42.04 Cr ▲ 14%
Net profit · FY 2020
₹42.18 Lakh margin 1%
EBITDA · FY 2020
₹2.16 Cr margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 11%
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 14% growth in the latest year. EBITDA fell 11% 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 | ₹42.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.18 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ideal Systems Limited, buy the company report.
Board of directors of Ideal Systems Limited
Ideal Systems has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhavalbhai Pravinbhai Patel Also directs: Hitech Projects Limited | Director | 01 Aug 2018 | 8 Years 3 Months | Current |
| Ravi Naranbhai Mali | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Ketan Nalinkant Shah | Managing Director | 29 Nov 1996 | 29 Years 11 Months | Current |
Auditor
Ideal Systems Limited is audited by D V SHAH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D V SHAH & ASSOCIATES | FY 2020 | 109551W |
Shareholding
The shareholding of Ideal Systems Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ideal Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹11 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2014 | 10482117 | Bank of Baroda | ₹60 Lakh | Open | |
| 02 Mar 2006 | 80016214 | Bank of Baroda | ₹5.2 Cr | Open | |
| 18 Feb 2006 | 80016211 | Others | ₹5.2 Cr | Open |
To see the full charge records of Ideal Systems Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ideal Systems Limited has 1 deal on record (1 acquisition); the latest was in December 2014.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2014 | Acquisition | ₹19.6 Cr | Buyer: Axis Solutions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ideal Systems Limited has 11 court cases on record: 3 filed by Ideal Systems, 8 filed against it. 5 cases are pending and 6 are disposed.
Total cases
11
Filed by the company
3
Filed against the company
8
Pending
5
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 4 |
| High courts | 2 | 0 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Jagrut Umeshchandra Divan Partner of Densho Solutions LLP | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by R K Infratel Limited and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Jagrut Umeshchandra Divan Partner of Densho Solutions LLP | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Jagrut Umeshchandra Divan Partner of Densho Solutions LLP | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Nidhi Owners Association | Pending |
To see the full case history of Ideal Systems 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 Ideal Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ideal Systems Limited has a workforce of 3 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
50%
GST
Ideal Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4693J1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ideal Systems Limited, buy the company report.
Recent activity
Ideal Systems Limited has 11 board changes on record since 1996: 3 appointments and 8 cessations. The latest: Dhavalbhai Pravinbhai Patel ceased to be Director on 08 Mar 2022.
Ceased
Dhavalbhai Pravinbhai Patel ceased to be Director.
Charges
A charge with Others of Rs. 5.20 Cr registered on 18 Feb 2006 with Charge ID 80016211 was modified on 14 Feb 2021.
AGM
Ideal Systems Limited last Annual general meeting of members was held on 30 Sep 2020 as per latest MCA records.
Filing
Ideal Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.
Ceased
Ravi Naranbhai Mali ceased to be Additional Director.
Appointed
Ravi Naranbhai Mali was appointed as Director.
Ceased
Safalkumar Hasmukhbhai Patel ceased to be Additional Director.
Ceased
Kairavi Dimpalbhai Doshi ceased to be Additional Director.
Ceased
Jimit Ketan Shah ceased to be Director.
Ceased
Ketan Nalinkant Shah ceased to be Director.
Appointed
Dhavalbhai Pravinbhai Patel was appointed as Director.
Ceased
Hemal Ketan Shah ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Ideal Systems is an active public limited company based in Ahmedabad, Gujarat, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 29 November 1996 (30+ years old) and is registered under CIN U30007GJ1996PLC031197.
Ideal Systems has 3 current directors:
- Ketan Nalinkant Shah - Managing Director
- Dhavalbhai Pravinbhai Patel - Director
- Ravi Naranbhai Mali - Director
The latest financial statements of Ideal Systems on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ideal Systems is 24AAACI4693J1ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ideal Systems is U30007GJ1996PLC031197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ideal Systems has 11 court cases on record: 3 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Ideal Systems was incorporated on 29 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ideal Systems has 1 deal on record (1 acquisition); the latest was in December 2014.
Dhavalbhai Pravinbhai Patel ceased to be Director on 08 Mar 2022. Ravi Naranbhai Mali ceased to be Additional Director on 30 Sep 2019. Ravi Naranbhai Mali was appointed as Director on 01 Apr 2019. Ideal Systems has 11 board changes on record in total.
Yes, Ideal Systems is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0014945).
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