About Paragon Solutions Private Limited
Data last updated:
Paragon Solutions Private Limited was a private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Cgi Group Holdings Usa Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 May 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2003PTC032014. Its GSTIN is 29AACCC1482D1ZW (Karnataka).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.21 Lakh. It was formerly known as Consultparagon Computer Professionals Private Limited. It was led by directors including Francois Boulanger and George Jacob Mattackal.
Its last annual general meeting (AGM) was held on 28 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Bengaluru, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.64 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹64.6 Lakh (net margin 9.7%) and EBITDA of ₹94.08 Lakh (EBITDA margin 14.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
The company had about 27 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Consult Paragon.
The last known website on record is consultparagon.com.
Company details
Contact details
Paragon Solutions Private Limited's registered office is in Bengaluru, Karnataka. Its website is consultparagon.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPhase 1B Divyasree Technopolis 124 – 125 Yemlur P.O. Off Old Airport Ro, Ad, Bengaluru, Karnataka, India – 560037
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Paragon 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
Paragon Solutions operates one associated brand: Consult Paragon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of innovative healthcare products for niche therapy areas | consultparagon.com |
Business activity
The main business activity of Paragon Solutions 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 |
To see the full business activity and turnover split of Paragon Solutions Private Limited, buy the company report.
Financials of Paragon Solutions Private Limited
FY 2020 filings availableParagon Solutions Private Limited reported revenue of ₹6.64 Cr (down 8% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 8% fall in the latest year. EBITDA fell 32% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹6.64 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹94.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.6 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.2% | ||||
| Net Profit Margin | 9.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Paragon Solutions Private Limited, buy the company report.
Board of directors of Paragon Solutions Private Limited
Paragon Solutions has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Francois Boulanger | Director | 07 Dec 2017 | 8 Years 11 Months | As last reported |
| George Jacob Mattackal | Director | 14 Dec 2017 | 8 Years 10 Months | As last reported |
| Annapurnayya Sarma Garimella | Director | 12 Dec 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Paragon Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), 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 |
|---|---|---|---|---|---|---|
| E-Team Informatica India Private Limited | ₹6.73 Cr (FY 2024) | 30.0% | Kazhakuttom, Kerala, India | |||
| Paragon Solutions Private Limitedthis company | ₹6.64 Cr (FY 2020) | ₹64.6 Lakh | 9.7% | -8.0% | 27 | Bengaluru, Karnataka, India |
| Cetpa Infotech Private Limited | ₹6.63 Cr (FY 2025) | -23.0% | Roorkee, Uttarakhand, India | |||
| Ajiledone Technologies Private Limited | ₹6.61 Cr (FY 2025) | 52.0% | Ludhiana, Punjab, India | |||
| Inductive Quotient Analytics India Private Limited | ₹6.6 Cr (FY 2025) | 35.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Paragon Solutions Private Limited, buy the company report.
Auditor
Paragon Solutions Private Limited is audited by B S R & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2019 | 101248W |
Shareholding
The shareholding of Paragon Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Paragon Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Paragon 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 Paragon Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Paragon Solutions Private Limited has a workforce of 27 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Paragon Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC1482D1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Paragon Solutions Private Limited, buy the company report.
Recent activity
Paragon Solutions Private Limited has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Babalusha Esther Alexander ceased to be Director on 23 Dec 2019.
Frequently asked questions
Paragon Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Paragon Solutions was a private limited company based in Bengaluru, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 29 May 2003 and is registered under CIN U72900KA2003PTC032014. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Paragon Solutions was incorporated on 29 May 2003. It is registered with the Registrar of Companies, Bangalore.
Paragon Solutions had 3 directors:
- Francois Boulanger - Director
- George Jacob Mattackal - Director
- Annapurnayya Sarma Garimella - Director
The CIN (Corporate Identification Number) of Paragon Solutions is U72900KA2003PTC032014. 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 Paragon Solutions is at Phase 1B Divyasree Technopolis 124 – 125 Yemlur P.O. Off Old Airport Ro, Ad, Bengaluru, Karnataka, India – 560037.
Paragon Solutions can be reached through the website consultparagon.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Paragon Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Paragon Solutions is 29AACCC1482D1ZW, registered in Karnataka.
Paragon Solutions operated in the information technology industry, in the IT consulting and support services segment.
The peers of Paragon Solutions by revenue are E-Team Informatica India Private Limited, Cetpa Infotech Private Limited, Ajiledone Technologies Private Limited, Inductive Quotient Analytics India Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
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