About Panacea Infotech Private Limited
Data last updated:
Panacea Infotech Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Katalyst Software Services Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200MH2004PTC019446. Its GSTIN is 27AADCP3550A1ZV (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vivek Padam Ghai and Yogesh Agarwal.
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 T – 5 To T – 8 Super Mall Salunke Vihar Road Wanawadi, Pune, Maharashtra, India – 411040.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.24 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹69.8 Lakh and EBITDA of -₹8.91 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 63% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Grexpro and Panacea Infotech. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in March 2018. Its 4 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Marchforth Technologies India Private Limited with revenue of ₹1.25 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panaceatek.com.
Company details
CIN history
Panacea Infotech has one previous CIN (Corporate Identification Number): U72200PN2004PTC019446. The current CIN is U72200MH2004PTC019446, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2004PTC019446 | Current |
| U72200PN2004PTC019446 | Previous |
Contact details
Panacea Infotech Private Limited's registered office is in Pune, Maharashtra. Its website is panaceatek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – 5 To T – 8 Super Mall Salunke Vihar Road Wanawadi, Pune, Maharashtra, India – 411040
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Panacea Infotech 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
Panacea Infotech operates two associated brands: Grexpro and Panacea Infotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers cloud-based software solutions for comprehensive business operations management. | grexpro.com | |
| Web design and custom application development services are provided. | panaceatek.com |
Financials of Panacea Infotech Private Limited
FY 2025 filings availablePanacea Infotech Private Limited reported revenue of ₹1.24 Lakh (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 98% fall in the latest year. EBITDA fell 120% 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 |
|---|---|---|---|---|---|
| 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 | -₹8.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹69.8 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Panacea Infotech Private Limited, buy the company report.
Board of directors of Panacea Infotech Private Limited
Panacea Infotech has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Padam Ghai Also directs: Softiq Consulting LLP, Nova Techset Limited, Brickhub Solutions Private Limited and 2 more | Director | 28 Jun 2004 | 22 Years 4 Months | Current |
| Yogesh Agarwal | Additional Director | 03 Feb 2026 | 0 Years 8 Months | Current |
Peer comparison
Panacea Infotech Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marchforth Technologies India Private Limited | ₹1.25 Lakh (FY 2025) | -96.0% | Coimbatore, Tamil Nadu, India | |||
| Credosync Infosoft Private Limited | ₹1.25 Lakh (FY 2021) | Pune, Maharashtra, India | ||||
| Panacea Infotech Private Limitedthis company | ₹1.24 Lakh (FY 2024) | -₹69.8 Lakh | -98.0% | 3 | Pune, Maharashtra, India | |
| Setu Systems Private Limited | ₹1.22 Lakh (FY 2017) | 1124.0% | Pune, Maharashtra, India | |||
| Apigee Technologies (India) Private Limited | ₹1.22 Lakh (FY 2025) | 5.0% | Road Doddenakundi Circle Marathahalli, Karnataka, India |
To see the full peer comparison of Panacea Infotech Private Limited, buy the company report.
Auditor
Panacea Infotech Private Limited is audited by G S Gaikwad and Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S Gaikwad and Co. | FY 2022 | 147093W |
Shareholding
The shareholding of Panacea Infotech Private Limited is on record for 5 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panacea Infotech Private Limited, buy the company report.
Deals & funding
Panacea Infotech Private Limited has 1 deal on record (1 acquisition); the latest was in March 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Acquisition | ₹1.49 Cr | Buyer: Katalyst Software Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Panacea Infotech Private Limited has 1 court case on record: 1 filed by Panacea Infotech. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Panacea Infotech 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 Panacea Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Panacea Infotech Private Limited has a workforce of 3 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Panacea Infotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP3550A1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panacea Infotech Private Limited, buy the company report.
Recent activity
Panacea Infotech Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Yogesh Agarwal was appointed as Additional Director on 03 Feb 2026.
Frequently asked questions
Panacea Infotech 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 28 June 2004 (22+ years old) and is registered under CIN U72200MH2004PTC019446.
Panacea Infotech has 2 current directors:
- Vivek Padam Ghai - Director
- Yogesh Agarwal - Additional Director
The latest financial statements of Panacea Infotech 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 Panacea Infotech is 27AADCP3550A1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Panacea Infotech is U72200MH2004PTC019446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panacea Infotech has 1 court case on record: 1 filed by the company.
Panacea Infotech was incorporated on 28 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Panacea Infotech has 1 deal on record (1 acquisition); the latest was in March 2018.
The peers of Panacea Infotech by revenue are Marchforth Technologies India Private Limited, Credosync Infosoft Private Limited, Setu Systems Private Limited, Apigee Technologies (India) Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Yogesh Agarwal was appointed as Additional Director on 03 Feb 2026. Smita Vivek Ghai was appointed as Director on 28 Jun 2004. Vivek Padam Ghai was appointed as Director on 28 Jun 2004.
Panacea Infotech can be reached through the website panaceatek.com. Its registered office is in Pune, Maharashtra, India.