About Comparex India Private Limited
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Comparex India Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Software One Ag. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 09 April 2002.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U80221DL2002PTC114903. Its GSTIN is 07AABCI1421K1ZV (Delhi). The company held 10 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹68.25 Lakh. It was formerly known as Iris Unified Technology Limited and Iris Unified Learning Limited. It was led by directors Pardeep Munjal and Varun Paliwal.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at C – 01 Somdutt Chambers 1 Africa Avenue 5 Bhikaji Cama Place, Delhi, India – 110029.
As per the financials filed for FY 2021, the company reported a revenue of ₹422.15 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹1.05 Cr (net margin -0.2%) and EBITDA of ₹3.71 Cr (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company had about 64 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹3.45 Cr on record. Court records list 25 cases involving the company, including 21 filed by the company and 4 filed against it; 2 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in October 2020.
The last known website on record is comparex.in.
Company details
Name history
Comparex India has undergone 3 name changes throughout its history. The company was previously known as Iris Unified Technology Limited, Iris Unified Learning Limited, and Iris Unified Technology Private Limited. The current legal name is Comparex India Private Limited.
| Company Name | Status |
|---|---|
| Comparex India Private Limited | Current |
| Iris Unified Technology Limited | Previous |
| Iris Unified Learning Limited | Previous |
| Iris Unified Technology Private Limited | Previous |
CIN history
Comparex India has one previous CIN (Corporate Identification Number): U80221DL2002PLC114903. The current CIN is U80221DL2002PTC114903, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80221DL2002PTC114903 | Current |
| U80221DL2002PLC114903 | Previous |
Contact details
Comparex India Private Limited's registered office is in Delhi, Delhi. Its website is comparex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 01 Somdutt Chambers 1 Africa Avenue 5 Bhikaji Cama Place, Delhi, India – 110029
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Comparex India 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
Business activity
The main business activity of Comparex India is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Comparex India Private Limited, buy the company report.
Financials of Comparex India Private Limited
FY 2021 filings availableComparex India Private Limited reported revenue of ₹422.15 Cr (down 16% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 16% fall in the latest year. EBITDA rose 233% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹422.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.05 Cr | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | -0.2% | ||||
| 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 Comparex India Private Limited, buy the company report.
Board of directors of Comparex India Private Limited
Comparex India has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pardeep Munjal Also directs: Softwareone India Private Limited | Director | 25 Aug 2020 | 6 Years 2 Months | As last reported |
| Varun Paliwal | Director | 15 Jul 2019 | 7 Years 3 Months | As last reported |
Auditor
Comparex India Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2021 | 101049W/E300004 |
Shareholding
The shareholding of Comparex India Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Comparex India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2009 | 10146990 | Punjab National Bank | ₹1 Cr | Satisfied | |
| 23 Jan 2009 | 10146987 | Punjab National Bank | ₹1 Cr | Satisfied | |
| 23 Nov 2007 | 10079513 | Hdfc Bank Limited | ₹1 Cr | Satisfied | |
| 25 Aug 2006 | 10019666 | Hdfc Bank Limited | ₹45 Lakh | Satisfied |
To see the full charge records of Comparex India Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Comparex India Private Limited has 5 deals on record (5 secondary share transfers); the latest was in October 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: SoftwareONE AG Seller: Comparex Beteiligungsverwaltung GmbH, Comparex Holdings Gmbh |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: Comparex Holdings Gmbh Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Comparex Beteiligungsverwaltung GmbH, Comparex Holdings Gmbh, an individual Seller: Comparex PC-Ware Holdings GMBH, Massridge Beteligungs GMBH, an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Massridge Beteligungs GMBH, Comparex PC-Ware Holdings GMBH Seller: 4 individuals |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Comparex India Private Limited has 25 court cases on record: 21 filed by Comparex India, 4 filed against it. 2 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 4 | 2 |
| High courts | 6 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Interim or miscellaneous application | Filed by the company against Zuri Hospitality Pvt Ltd and 1 other | Pending |
| District court, New Delhi, Delhi | Interim or miscellaneous application | Filed by the company against Kochar Infotech Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Organgebytes Systems Pvt. Ltd. and Ors. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Iyogi Technical Services Pvt Ltd and Ors | Disposed |
| Bombay High Court | Court case (COAP) | Filed by the company against Zuri Hospitality Private Limited., | Disposed |
To see the full case history of Comparex India 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 Comparex India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Comparex India Private Limited has a workforce of 64 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Comparex India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI1421K1ZV | Delhi | Active | 01 Jul 2017 |
| 04AABCI1421K1Z1 | Chandigarh | Active | 01 Jul 2017 |
| 06AABCI1421K1ZX | Haryana | Active | 01 Jul 2017 |
| 06AABCI1421K3ZV | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Comparex India Private Limited, buy the company report.
Recent activity
Comparex India Private Limited has 13 board changes on record since 2011: 2 appointments and 11 cessations. The latest: Pardeep Munjal ceased to be Additional Director on 14 Oct 2020.
12 earlier events are in the company report.
Frequently asked questions
Comparex India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Comparex India was a private limited company based in Delhi, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 09 April 2002 and is registered under CIN U80221DL2002PTC114903. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Comparex India was incorporated on 09 April 2002. It is registered with the Registrar of Companies, Delhi.
Comparex India had 2 directors:
- Pardeep Munjal - Director
- Varun Paliwal - Director
The CIN (Corporate Identification Number) of Comparex India is U80221DL2002PTC114903. 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 Comparex India is at C – 01 Somdutt Chambers 1 Africa Avenue 5 Bhikaji Cama Place, Delhi, India – 110029.
Comparex India can be reached through the website comparex.in. Its registered office is in Delhi, India.
The latest financial statements of Comparex India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Comparex India is 07AABCI1421K1ZV, registered in Delhi. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 04AABCI1421K1Z1 (Chandigarh), 06AABCI1421K1ZX (Haryana), 06AABCI1421K3ZV (Haryana).
Comparex India operated in the information technology industry, in the software development and support services segment.