MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-02-0007373
Pace Seating Systems Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹15.52 Cr
▲ 105.86% YoY
Net loss · FY 2024
₹72.32 Lakh
Net margin -4.7%
EBITDA · FY 2024
₹16.83 Lakh
EBITDA margin 1.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹3.18 Cr
Satisfied ₹60 Lakh
Company age
19 yrs
Est. 2007
Employees · EPFO
22
Provident fund records
About Pace Seating Systems Private Limited
Data last updated:
Pace Seating Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36101KA2007PTC042798. Its GSTIN is 29AAECP2648G1Z9 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Amit Anand and Madhu Anand.
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.98 6th Cross 3rd Main Ist Block R.T.Nagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.52 Cr. For the same year it recorded a net loss of ₹72.32 Lakh (net margin -4.7%) and EBITDA of ₹16.83 Lakh (EBITDA margin 1.1%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 6% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Paceseatingindia. As per MCA filings, the company has open charges of ₹3.18 Cr and satisfied charges of ₹60 Lakh on record. Court records list 6 cases involving the company, including 6 filed by the company. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹48.5 Lakh; the latest was in December 2012. Its 5 peer companies in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 3 larger and 2 smaller; the largest is Milkin Edit Furniture Private Limited with revenue of ₹15.68 Cr. The company has 10 MSME Form 1 returns on record between 2018 and 2023, listing 957 overdue payments to 47 micro and small suppliers.
Pace Seating Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0007373). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paceseatingindia.com.
Company details
CIN U36101KA2007PTC042798
Registration Number 042798
Incorporation Date 14 May 2007
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-02-0007373
Recognitions & Rankings of Pace Seating Systems
Contact details
Pace Seating Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is paceseatingindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.98 6th Cross 3rd Main Ist Block R.T.Nagar, Bangalore, Karnataka, India – 560032
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Pace Seating Systems Private Limited, buy the company report.
Comprehensive company report
Pace Seating 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
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Secure checkout · GST invoice included
Brands
Pace Seating Systems operates one associated brand: Paceseatingindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures ergonomic office chairs and furniture for offices and public spaces. | paceseatingindia.com |
Business activity
The main business activity of Pace Seating Systems is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Pace Seating Systems Private Limited, buy the company report.
Financials of Pace Seating Systems Private Limited
FY 2025 filings availablePace Seating Systems Private Limited reported revenue of ₹15.52 Cr for FY 2024.
Revenue · FY 2024
₹15.52 Cr
Net loss · FY 2024
₹72.32 Lakh margin -4.7%
EBITDA · FY 2024
₹16.83 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 23%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 57%
3 years · compounded
▲ 29%
5 years · compounded
▼ 39%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years. EBITDA fell 57% 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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| Total Expenses | |||||
| EBITDA | ₹16.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹72.32 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Pace Seating Systems Private Limited, buy the company report.
Board of directors of Pace Seating Systems Private Limited
Pace Seating Systems has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Anand | Director | 14 May 2007 | 19 Years 5 Months | Current |
| Madhu Anand | Director | 14 May 2007 | 19 Years 5 Months | Current |
| Anand Atmaram | Director | 14 May 2007 | 19 Years 5 Months | Current |
Peer comparison
Pace Seating Systems Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Milkin Edit Furniture Private Limited | ₹15.68 Cr (FY 2024) | 30.0% | Delhi, India | |||
| Kaphaja Modular Furnitures Private Limited | ₹15.65 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Icmc Projects Private Limited | ₹15.64 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Pace Seating Systems Private Limitedthis company | ₹15.52 Cr (FY 2024) | -₹72.32 Lakh | -4.7% | 22 | Bangalore, Karnataka, India | |
| Tip Top Furniture Pvt Ltd | ₹15.43 Cr (FY 2020) | -53.0% | Malappuram, Kerala, India | |||
| Merlin Exim Pvt Ltd | ₹15.35 Cr (FY 2025) | 57.0% | New Delhi, Delhi, India |
To see the full peer comparison of Pace Seating Systems Private Limited, buy the company report.
Auditor
Pace Seating Systems Private Limited is audited by KRISHNA M &CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNA M &CO. | FY 2023 | 028567 |
Shareholding
The shareholding of Pace Seating Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pace Seating Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.18 Cr
Satisfied charges
₹60 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2024 | 100891821 | Others | ₹5.75 Lakh | Open | |
| 01 Aug 2023 | 100768808 | Others | ₹15.15 Lakh | Open | |
| 29 Apr 2023 | 100718780 | Others | ₹35 Lakh | Open | |
| 31 Jan 2023 | 100682059 | Others | ₹32.15 Lakh | Open | |
| 19 Jun 2019 | 100272305 | Others | ₹80 Lakh | Open |
To see the full charge records of Pace Seating Systems Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Pace Seating Systems Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹48.5 Lakh; the latest was in December 2012.
Total deals
2
Funding rounds
2
Disclosed funding
₹48.5 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2012 | Funding round | ₹40 Lakh | Investors: 3 individuals |
| Mar 2009 | Funding round | ₹8.5 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pace Seating Systems Private Limited has 6 court cases on record: 6 filed by Pace Seating Systems. All cases are disposed.
Total cases
6
Filed by the company
6
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed by the company against M/S SJR Infrastructure Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Bangalore City College | Disposed |
To see the full case history of Pace Seating 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
Pace Seating Systems Private Limited has 10 MSME Form 1 returns on record between 2018 and 2023, listing 957 overdue payments to 47 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prakash Techno Plast India Private Limited | |||
| Sterlingsai Foams and Integrals Private Limited | |||
| an individual supplier | |||
| Om Sai Apparels | |||
| an individual supplier |
To see the full MSME payment records of Pace Seating Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pace Seating Systems Private Limited has a workforce of 22 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
-4.35%
GST
Pace Seating Systems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP2648G1Z9 | Karnataka | Active | 01 Jul 2017 |
| 36AAECP2648G1ZE | Telangana | Active | 31 Oct 2017 |
To see the full GST registrations and return filing status of Pace Seating Systems Private Limited, buy the company report.
Recent activity
Pace Seating Systems Private Limited has 3 board changes on record since 2007: 3 appointments. The latest: Amit Anand was appointed as Director on 14 May 2007.
AGM
Pace Seating Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Pace Seating Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 5.75 Lakh with Charge ID 100891821 was registered on 17 Feb 2024.
Charges
A charge with Others amounted to Rs. 15.15 Lakh with Charge ID 100768808 was registered on 01 Aug 2023.
Charges
A charge with Others amounted to Rs. 35.00 Lakh with Charge ID 100718780 was registered on 29 Apr 2023.
Charges
A charge with Others amounted to Rs. 32.15 Lakh with Charge ID 100682059 was registered on 31 Jan 2023.
Charges
A charge with Others amounted to Rs. 80.00 Lakh with Charge ID 100272305 was registered on 19 Jun 2019.
Charges
A charge with Vijaya Bank amounted to Rs. 50.00 Lakh with Charge ID 10601911 was registered on 09 Jul 2015.
Charges
A charge with Hdfc Bank Limited of Rs. 100.00 Lakh registered on 28 Jun 2011 with Charge ID 10302089 was modified on 16 May 2013.
Charges
A charge registered on 16 Apr 2010 via Charge ID 10217234 with Oriental Bank Of Commerce was fully satisfied on 08 Jul 2011.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 10302089 was registered on 28 Jun 2011.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 60.00 Lakh with Charge ID 10217234 was registered on 16 Apr 2010.
4 earlier events are in the company report.
Frequently asked questions
Pace Seating Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 May 2007 (19+ years old) and is registered under CIN U36101KA2007PTC042798.
Pace Seating Systems has 3 current directors:
- Amit Anand - Director
- Madhu Anand - Director
- Anand Atmaram - Director
The latest financial statements of Pace Seating 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 Pace Seating Systems is 29AAECP2648G1Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAECP2648G1ZE (Telangana).
The CIN (Corporate Identification Number) of Pace Seating Systems is U36101KA2007PTC042798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pace Seating Systems has 6 court cases on record: 6 filed by the company. Most are in the district courts.
Pace Seating Systems was incorporated on 14 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Pace Seating Systems has 2 deals on record (2 funding rounds), with disclosed funding of ₹48.5 Lakh; the latest was in December 2012.
The peers of Pace Seating Systems by revenue are Milkin Edit Furniture Private Limited, Kaphaja Modular Furnitures Private Limited, Icmc Projects Private Limited, Tip Top Furniture Pvt Ltd, Merlin Exim Pvt Ltd, all in the Consumer Durables industry (Furniture), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Amit Anand was appointed as Director on 14 May 2007. Anand Atmaram was appointed as Director on 14 May 2007. Madhu Anand was appointed as Director on 14 May 2007.
Yes, Pace Seating Systems is registered as a small enterprise under Udyam registration (number: UDYAM-KR-02-0007373).
Pace Seating Systems has 10 MSME Form 1 returns on record between 2018 and 2023, listing 957 overdue payments to 47 micro and small suppliers. The latest return was filed on 28 Aug 2023.