About Palash Ivf Solutions Private Limited
Data last updated:
Palash Ivf Solutions Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Palash Healthcare Systems Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2015PTC157032. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Nitin Sudhakar Chopade and Narendra Popatlal Barhate.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 42/16 Bl – 203 Panchsheel Erandwana Karveroad, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.08 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹48.94 Lakh (net margin -45.2%) and EBITDA of ₹15.25 Lakh (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 169% over three years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Palash IVF. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.49 Cr; the latest was in September 2018. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Insights Techhub International Private Limited with revenue of ₹1.09 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website palashivf.com.
Company details
Contact details
Palash Ivf Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is palashivf.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address42/16 Bl – 203 Panchsheel Erandwana Karveroad, Pune, Maharashtra, India – 411004
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Palash Ivf Solutions 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
Brands
Palash Ivf Solutions operates one associated brand: Palash IVF. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ART management systems are provided for IVF clinics. | palashivf.com |
Business activity
The main business activity of Palash Ivf Solutions 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 Palash Ivf Solutions Private Limited, buy the company report.
Financials of Palash Ivf Solutions Private Limited
FY 2019 filings availablePalash Ivf Solutions Private Limited reported revenue of ₹1.08 Cr (up 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 169% over three years, including 41% growth in the latest year. EBITDA rose 126% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15.25 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹48.94 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.1% | |||
| Net Profit Margin | -45.2% | |||
| 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 Palash Ivf Solutions Private Limited, buy the company report.
Board of directors of Palash Ivf Solutions Private Limited
Palash Ivf Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Sudhakar Chopade | Director | 23 Jan 2016 | 10 Years 9 Months | Current |
| Narendra Popatlal Barhate | Director | 24 Oct 2016 | 10 Years 0 Months | Current |
| Nilesh Ninu Ingale | Director | 27 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Palash Ivf Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Insights Techhub International Private Limited | ₹1.09 Cr (FY 2023) | 156.0% | Rourkela, Odisha, India | |||
| Impact Analytics India Private Limited | ₹1.09 Cr (FY 2017) | 22.0% | Bangalore, Karnataka, India | |||
| Tinisoft Technologies Private Limited | ₹1.09 Cr (FY 2024) | Kottucherry, Puducherry, India | ||||
| Keirin Software Technologies Private Limited | ₹1.09 Cr (FY 2023) | 111.0% | Hyderabad, Telangana, India | |||
| N.K. Digiprint Private Limited | ₹1.09 Cr (FY 2025) | -2.0% | Delhi, India | |||
| Palash Ivf Solutions Private Limitedthis company | ₹1.08 Cr (FY 2019) | -₹48.94 Lakh | -45.2% | 41.0% | 22 | Pune, Maharashtra, India |
| Quaternion Digitek Private Limited | ₹1.08 Cr (FY 2025) | -37.0% | New Delhi, Delhi, India | |||
| Rani Printers Private Limited | ₹1.08 Cr (FY 2024) | 1.0% | Chennai, Tamil Nadu, India | |||
| Mindefy Technologies Private Limited | ₹1.08 Cr (FY 2025) | -10.0% | Indore, Madhya Pradesh, India | |||
| Datalabs India Solutions Private Limited | ₹1.08 Cr (FY 2024) | -27.0% | Anantapur, Andhra Pradesh, India | |||
| Giri Digital Solutions Private Limited | ₹1.08 Cr (FY 2017) | 40.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Palash Ivf Solutions Private Limited, buy the company report.
Auditor
Palash Ivf Solutions Private Limited is audited by CHANDORKAR & LIMAYE for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDORKAR & LIMAYE | FY 2018 | 101669W |
Shareholding
The shareholding of Palash Ivf Solutions Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palash Ivf Solutions Private Limited, buy the company report.
Deals & funding
Palash Ivf Solutions Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.49 Cr; the latest was in September 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Palash Healthcare Systems Private Limited Seller: Govin Capital |
| Apr 2017 | Funding round | ₹50 Lakh | Investors: an individual |
| Jun 2016 | Funding round | ₹75 Lakh | Investors: Govin Capital |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Palash Healthcare Systems Private Limited |
| May 2016 | Funding round | ₹24 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Palash Ivf Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palash Ivf Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Palash Ivf Solutions Private Limited has a workforce of 22 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Palash Ivf Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Palash Ivf Solutions Private Limited, buy the company report.
Recent activity
Palash Ivf Solutions Private Limited has 8 board changes on record since 2015: 3 appointments and 5 cessations. The latest: Nilesh Ninu Ingale ceased to be Director on 15 Oct 2021.
Frequently asked questions
Palash Ivf Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 October 2015 (11+ years old) and is registered under CIN U74999PN2015PTC157032.
Palash Ivf Solutions has 3 current directors:
- Nitin Sudhakar Chopade - Director
- Narendra Popatlal Barhate - Director
- Nilesh Ninu Ingale - Director
The latest financial statements of Palash Ivf Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Palash Ivf Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Palash Ivf Solutions is U74999PN2015PTC157032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palash Ivf Solutions was incorporated on 27 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
Palash Ivf Solutions has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.49 Cr; the latest was in September 2018.
The peers of Palash Ivf Solutions by revenue are Insights Techhub International Private Limited, Impact Analytics India Private Limited, Tinisoft Technologies Private Limited, Keirin Software Technologies Private Limited, N.K. Digiprint Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Nilesh Ninu Ingale ceased to be Director on 15 Oct 2021. Anand Govindaluri ceased to be Additional Director on 24 Nov 2016. Narendra Popatlal Barhate ceased to be Additional Director on 24 Nov 2016. Palash Ivf Solutions has 8 board changes on record in total.
Palash Ivf Solutions can be reached through the website palashivf.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Palash Ivf Solutions is at 4216 Bl – 203 Panchsheel Erandwana Karveroad, Pune, Maharashtra, India – 411004.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
