MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0040160
Binary Systems Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹51.29 Cr
▼ 22% YoY
Net profit · FY 2025
₹85,091
Net margin 0%
EBITDA · FY 2025
₹1.17 Cr
EBITDA margin 2.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.7 Cr
Issued & subscribed
Open charges
₹19.53 Cr
Satisfied ₹18.97 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
56
Provident fund records
About Binary Systems Private Limited
Data last updated:
Binary Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 13 October 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80903KA1986PTC007846. Its GSTIN is 29AAACB6047P1Z7 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.7 Cr. It is led by directors Vidya Harish Shetty (Managing Director) and Harish Kumar Shetty.
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 No.18 Imperial Court Cunningham Road, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.29 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹85,091 (net margin 0%) and EBITDA of ₹1.17 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 14% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Binary India. As per MCA filings, the company has open charges of ₹19.53 Cr and satisfied charges of ₹18.97 Cr on record. Court records list 18 cases involving the company, including 14 filed by the company and 4 filed against it; 1 case is pending.
Binary Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0040160). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website binaryindia.com.
Company details
CIN U80903KA1986PTC007846
Registration Number 007846
Incorporation Date 13 October 1986
ROC Bangalore
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 Small
Udyam Registration UDYAM-KR-03-0040160
CIN history
Binary Systems has one previous CIN (Corporate Identification Number): U80301KA1986PTC007846. The current CIN is U80903KA1986PTC007846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80903KA1986PTC007846 | Current |
| U80301KA1986PTC007846 | Previous |
Recognitions & Rankings of Binary Systems
Contact details
Binary Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is binaryindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.18 Imperial Court Cunningham Road, Bangalore, Karnataka, India – 560052
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Binary Systems Private Limited, buy the company report.
Comprehensive company report
Binary Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Binary Systems operates one associated brand: Binary India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive IT services and solutions to businesses. | binaryindia.com |
Business activity
The main business activity of Binary Systems is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Binary Systems Private Limited, buy the company report.
Financials of Binary Systems Private Limited
FY 2025 filings availableBinary Systems Private Limited reported revenue of ₹51.29 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹51.29 Cr ▼ 22%
Net profit · FY 2025
₹85,091 margin 0%
EBITDA · FY 2025
₹1.17 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 4%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 4%
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 19% 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 | ₹1.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85,091 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Binary Systems Private Limited, buy the company report.
Board of directors of Binary Systems Private Limited
Binary Systems has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Kumar Shetty | Director | 20 May 1987 | 39 Years 5 Months | Current |
| Vidya Harish Shetty Also directs: Binary Infotech Private Limited | Managing Director | 13 Oct 1986 | 40 Years 0 Months | Current |
Peer comparison
Binary Systems Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mega Infosolutions Private Limited | ₹51.41 Cr (FY 2024) | 5.0% | Mumbai, Maharashtra, India | |||
| Binary Systems Private Limitedthis company | ₹51.29 Cr (FY 2025) | ₹85,091 | 0% | -22.0% | 56 | Bangalore, Karnataka, India |
| Rskrish Technology & Services Private Limited | ₹51.29 Cr (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| KRG Computer Private Limited | ₹51.23 Cr (FY 2025) | 37.0% | Kolkata, West Bengal, India | |||
| Intek Security Systems Private Limited | ₹51.21 Cr (FY 2024) | 48.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Binary Systems Private Limited, buy the company report.
Auditor
Binary Systems Private Limited is audited by ANANT MUTALIK AND CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANANT MUTALIK AND CO | FY 2024 | 027392S |
Shareholding
The shareholding of Binary Systems Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Binary Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19.53 Cr
Satisfied charges
₹18.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2023 | 100749376 | Hdfc Bank Limited | ₹21.18 Lakh | Open | |
| 27 Apr 2021 | 100459009 | Hdfc Bank Limited | ₹16.59 Lakh | Open | |
| 20 Apr 2015 | 100045791 | Others | ₹11.1 Cr | Open | |
| 20 Apr 2015 | 10569197 | Deutsche Bank Ag | ₹7.7 Cr | Open | |
| 20 Apr 2001 | 90192386 | Uco Bank | ₹35 Lakh | Open |
To see the full charge records of Binary Systems Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Binary Systems Private Limited has 18 court cases on record: 14 filed by Binary Systems, 4 filed against it. 1 case is pending and 17 are disposed.
Total cases
18
Filed by the company
14
Filed against the company
4
Pending
1
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 0 |
| High courts | 8 | 1 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Ms Vigneshwara E Biz Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M S Nexus Safety Solutions Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Nexus Safety Solutions Private Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against M/S. Jalaja Technologies Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Vigneshwara E.Biz P Ltd | Disposed |
To see the full case history of Binary 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 Binary Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Binary Systems Private Limited has a workforce of 56 employees on its EPFO records as of Feb 20, 2025, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
19.15%
GST
Binary Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACB6047P1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Binary Systems Private Limited, buy the company report.
Recent activity
Binary Systems Private Limited has 4 board changes on record since 1986: 2 appointments and 2 cessations. The latest: Edward Jeevan ceased to be Director on 03 May 2022.
AGM
Binary Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Binary Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100749376 was registered on 31 Mar 2023.
Ceased
Edward Jeevan ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100459009 was registered on 27 Apr 2021.
Charges
A charge with Others of Rs. 11.10 Cr registered on 20 Apr 2015 with Charge ID 100045791 was modified on 04 Nov 2019.
Charges
A charge registered on 30 Nov 2011 via Charge ID 10324005 with Uco Bank was fully satisfied on 07 Apr 2016.
Charges
A charge registered on 27 Feb 2009 via Charge ID 10186611 with Uco Bank was fully satisfied on 07 Apr 2016.
Charges
A charge registered on 12 Mar 2013 via Charge ID 10413471 with The Karur Vysya Bank Limited was fully satisfied on 04 Feb 2016.
Charges
A charge registered on 26 Mar 2012 via Charge ID 10356010 with The Karur Vysya Bank Limited was fully satisfied on 04 Feb 2016.
Charges
A charge with Deutsche Bank Ag amounted to Rs. 7.70 Cr with Charge ID 10569197 was registered on 20 Apr 2015.
Charges
A charge with Others amounted to Rs. 11.10 Cr with Charge ID 100045791 was registered on 20 Apr 2015.
23 earlier events are in the company report.
Frequently asked questions
Binary Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 13 October 1986 (40+ years old) and is registered under CIN U80903KA1986PTC007846.
Binary Systems has 2 current directors:
- Vidya Harish Shetty - Managing Director
- Harish Kumar Shetty - Director
The latest financial statements of Binary 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 Binary Systems is 29AAACB6047P1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Binary Systems is U80903KA1986PTC007846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Binary Systems has 18 court cases on record: 14 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Binary Systems was incorporated on 13 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Binary Systems by revenue are Mega Infosolutions Private Limited, Rskrish Technology & Services Private Limited, KRG Computer Private Limited, Intek Security Systems Private Limited, all in the Information Technology industry (IT Products Retail and Distribution), with the same principal business activity (retail trading).
Edward Jeevan ceased to be Director on 03 May 2022. Jagadisha Brahmavar Shetty ceased to be Director on 31 Mar 2010. Harish Kumar Shetty was appointed as Director on 20 May 1987. Binary Systems has 4 board changes on record in total.
Yes, Binary Systems is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0040160).
Binary Systems can be reached through the website binaryindia.com. Its registered office is in Bangalore, Karnataka, India.