Papels IT Solutions India Private Limited
About Papels IT Solutions India Private Limited
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Papels IT Solutions India Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 02 August 2018.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC115197. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rachareddy Mahesh and D Vijayalakshmi.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at No.185/7 2nd Floor Chandra Plaza 8th F Main 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.24 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.26 Lakh (net margin 56.2%) and EBITDA of ₹1.44 Lakh (EBITDA margin 64.4%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
Company details
Contact details
Papels IT Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.185/7 2nd Floor Chandra Plaza 8th F Main 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Papels IT Solutions 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 Papels IT Solutions India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Papels IT Solutions India Private Limited
FY 2023 filings availablePapels IT Solutions India Private Limited reported revenue of ₹2.24 Lakh (up 37169% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over three years. EBITDA rose 182% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.24 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.44 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.26 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 | ||||
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| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 64.4% | |||
| Net Profit Margin | 56.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Papels IT Solutions India Private Limited, buy the company report.
Board of directors of Papels IT Solutions India Private Limited
Papels IT Solutions India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachareddy Mahesh | Director | 11 Jan 2024 | 2 Years 9 Months | As last reported |
| D Vijayalakshmi | Director | 02 Aug 2018 | 8 Years 2 Months | As last reported |
Peer comparison
Papels IT Solutions India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| SWT Technologies Private Limited | ₹2.24 Lakh (FY 2016) | -24.0% | Lucknow, Uttar Pradesh, India | |||
| Vemuru Software Solutions Private Limited | ₹2.24 Lakh (FY 2021) | 42.0% | Khammam, Telangana, India | |||
| India On Line Private Limited | ₹2.24 Lakh (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Kistechnosoftware (OPC) Private Limited | ₹2.24 Lakh (FY 2025) | 207.0% | Jaipur, Rajasthan, India | |||
| Altx Internet Private Limited | ₹2.24 Lakh (FY 2025) | -20.0% | Veraval, Gujarat, India | |||
| Papels IT Solutions India Private Limitedthis company | ₹2.24 Lakh (FY 2022) | ₹1.26 Lakh | 56.2% | 37169.0% | Bangalore, Karnataka, India | |
| Skathub Private Limited | ₹2.24 Lakh (FY 2023) | Mulshi, Maharashtra, India | ||||
| Versionsquad IT Solutions Private Limited | ₹2.23 Lakh (FY 2024) | -83.0% | Hyderabad, Telangana, India | |||
| Cosmic 365 AI Private Limited | ₹2.23 Lakh (FY 2024) | 91.0% | Bangalore, Karnataka, India | |||
| Optech Networks Private Limited | ₹2.23 Lakh (FY 2022) | 45.0% | Delhi, India | |||
| Sea Green Enterprises Private Limited | ₹2.23 Lakh (FY 2019) | -83.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Papels IT Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Papels IT Solutions India 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 Papels IT Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Papels IT Solutions India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Papels IT Solutions India Private Limited, buy the company report.
Recent activity
Papels IT Solutions India Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Vamsheedhar Reddy D ceased to be Director on 16 Jan 2024.
Frequently asked questions
Papels IT Solutions India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Papels IT Solutions India was a private limited company based in Bangalore, Karnataka, India. The company worked in other computer related activities, within the information technology industry. It was incorporated on 02 August 2018 and is registered under CIN U72900KA2018PTC115197. The company has been struck off by the Registrar of Companies and is no longer operational.
Papels IT Solutions India had 2 directors:
- Rachareddy Mahesh - Director
- D Vijayalakshmi - Director
The CIN (Corporate Identification Number) of Papels IT Solutions India is U72900KA2018PTC115197. 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 Papels IT Solutions India is at No.1857 2nd Floor Chandra Plaza 8th F Main 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011.
Papels IT Solutions India was incorporated on 02 August 2018. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Papels IT Solutions India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2019 are in the company report.
No. Papels IT Solutions India has 1 GST registration on record and it is cancelled or inactive.
Papels IT Solutions India operated in the information technology industry, in the other computer related activities segment. It worked in this industry before it was struck off.
The peers of Papels IT Solutions India by revenue are SWT Technologies Private Limited, Vemuru Software Solutions Private Limited, India On Line Private Limited, Kistechnosoftware (OPC) Private Limited, Altx Internet Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Vamsheedhar Reddy D ceased to be Director on 16 Jan 2024. Rachareddy Mahesh was appointed as Director on 11 Jan 2024. Manjunatha Reddy Pedda Nagi Reddy ceased to be Additional Director on 08 Jul 2019. Papels IT Solutions India has 4 board changes on record in total.
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