About Panac Systems Private Limited
Data last updated:
Panac Systems Private Limited is a private limited company based in Thalaserry, Kerala, India, recognised as a startup by DPIIT. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 27 July 2020.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2020PTC063240. Its GSTIN is 32AALCP2834M1Z6 (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Prabin Bavukka Parakandy (Managing Director) and Mannembeth Keettukandy Sreeranjini.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 47/302 Zaheera Comlpex Opp: Fire Station Gundert Road, Thalaserry, Kerala, India – 670101.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.89 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹67,673 (net margin -11.5%) and EBITDA of ₹1.65 Lakh (EBITDA margin 28%).
The company is associated with 2 brands: Panac Systems and Odikko.
The last known website on record is panacsystems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address47/302 Zaheera Comlpex Opp: Fire Station Gundert Road, Thalaserry, Kerala, India – 670101
- IndustryInformation Technology, Other Computer Related Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Panac Systems Private Limited
The main business activity of Panac Systems is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Panac Systems Private Limited FY 2025 filings available
Panac Systems Private Limited reported revenue of ₹5.89 Lakh (up 299% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Panac Systems Private Limited
Revenue rose 299% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Panac Systems Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹5.89 Lakh | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹1.65 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹67,673 | •••• |
| 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 of Panac Systems Private Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 28% | •••• |
| Net Profit Margin | -11.5% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Panac Systems are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Panac Systems Private Limited
Panac Systems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mannembeth Keettukandy Sreeranjini | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Prabin Bavukka Parakandy | Managing Director | 27 Jul 2020 | 6 Years 2 Months | Current |
Ownership and Shareholding of Panac Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Panac Systems Private Limited
Panac Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Panac Systems Private Limited
Panac Systems operates two associated brands: Panac Systems and ODIKKO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a comprehensive suite of IT services to support daily business operations. | panacsystems.com | |
| Online marketplace for local sellers offering products and services through an app. | odikko.com |
Employees and EPFO Compliance at Panac Systems Private Limited
Panac Systems Private Limited has a workforce of 0 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Panac Systems Private Limited
Panac Systems Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mannembeth Keettukandy Sreeranjini was appointed as Director on 27 Jul 2020.
Credit Ratings, Litigation & Regulatory Alerts for Panac Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Panac Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Panac Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Panac Systems Private Limited
Panac Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AALCP2834M1Z6 | Kerala | Active | 27 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Panac Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Panac Systems Private Limited
Panac Systems is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Panac Systems is a company pending strike off, currently registered as a private limited company based in Thalaserry, Kerala, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 27 July 2020 and is registered under CIN U72900KL2020PTC063240. The company may be struck off soon - caution is advised.
Panac Systems has 2 current directors:
- Prabin Bavukka Parakandy - Managing Director
- Mannembeth Keettukandy Sreeranjini - Director
The CIN (Corporate Identification Number) of Panac Systems is U72900KL2020PTC063240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panac Systems was incorporated on 27 July 2020. It is registered with the Registrar of Companies, Ernakulam.
Yes, Panac Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Panac Systems can be reached through the website panacsystems.com. Its registered office is in Thalaserry, Kerala, India.
The registered office of Panac Systems is at 47302 Zaheera Comlpex Opp: Fire Station Gundert Road, Thalaserry, Kerala, India – 670101.
Panac Systems reported revenue of ₹5.89 Lakh for FY 2022 (up 299% YoY).
Panac Systems has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh.