MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0160453
Param People Infotech Solutions Private Limited - information technology in Mysore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.25 Cr
▼ 29% YoY
Net profit · FY 2024
₹67.78 Lakh
Net margin 4.2%
EBITDA · FY 2024
₹1.24 Cr
EBITDA margin 7.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.77 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
32
Provident fund records
About Param People Infotech Solutions Private Limited
Data last updated:
Param People Infotech Solutions Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC080586. Its GSTIN is 29AAICP1360R1ZR (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Parappa Jalappa Ghatanatti and Rajesh Ghatanatti.
Its last annual general meeting (AGM) was held on 28 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mysore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.25 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹67.78 Lakh (net margin 4.2%) and EBITDA of ₹1.24 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 121% over three years and 102% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HighwayDelite. As per MCA filings, the company has open charges of ₹1.77 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer); the latest was in April 2016. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Innovana Astro Services Limited with revenue of ₹16.71 Cr.
Param People Infotech Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0160453). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website highwaydelite.com.
Company Details of Param People Infotech Solutions Private Limited
CIN U74900KA2015PTC080586
Registration Number 080586
Incorporation Date 28 May 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 October 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0160453
Recognitions & Rankings of Param People Infotech Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Apps
- Registered AddressFlat No.12 Srirampura 2nd Stage, Devaiahnahundi Main Road, Mysore, Karnataka, India – 570023
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Param People Infotech Solutions Private Limited
Param People Infotech Solutions operates one associated brand: HighwayDelite. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of an app-based location tracking platform | highwaydelite.com |
Business Activity of Param People Infotech Solutions Private Limited
The main business activity of Param People Infotech Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Param People Infotech Solutions Private Limited FY 2024 filings available
Param People Infotech Solutions Private Limited reported revenue of ₹16.25 Cr (down 29% YoY) for FY 2024.
Revenue · FY 2024
₹16.25 Cr ▼ 29%
Net profit · FY 2024
₹67.78 Lakh margin 4.2%
EBITDA · FY 2024
₹1.24 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR) of Param People Infotech Solutions Private Limited
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 121%
5 years · compounded
▲ 102%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 246%
5 years · compounded
▲ 88%
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 102%. EBITDA fell 37% 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 of Param People Infotech Solutions Private Limited
| 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 | ₹1.24 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹67.78 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 of Param People Infotech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Param People Infotech Solutions are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Param People Infotech Solutions Private Limited
Param People Infotech Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parappa Jalappa Ghatanatti Also directs: Paramtech Tourtravels Solutions Private Limited | Director | 26 Jun 2017 | 9 Years 3 Months | Current |
| Rajesh Ghatanatti Also directs: Paramtech Tourtravels Solutions Private Limited | Director | 28 May 2015 | 11 Years 4 Months | Current |
Peer Comparison of Param People Infotech Solutions Private Limited
Param People Infotech Solutions Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovana Astro Services Limited | ₹16.71 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Jaipur, Rajasthan, India |
| We Heal Private Limited | ₹16.61 Cr (FY 2024) | •••• | •••• | 209.0% | •••• | Jhansi, Uttar Pradesh, India |
| Travel Impression Private Limited | ₹16.6 Cr (FY 2025) | •••• | •••• | 866.0% | •••• | Srinagar, Jammu and Kashmir, India |
| Voyager Partners Consultancy Private Limited | ₹16.48 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Hyderabad, Telangana, India |
| Truxcargo Private Limited | ₹16.4 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Delhi, India |
| Param People Infotech Solutions Private Limited this company | ₹16.25 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Mysore, Karnataka, India |
| Ticker Data Limited | ₹16.16 Cr (FY 2025) | •••• | •••• | 1808.0% | •••• | Mumbai, Maharashtra, India |
| Taisho Ventures Private Limited | ₹16.05 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Mumbai, Maharashtra, India |
| Allevents Informations Private Limited | ₹15.79 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Ahmedabad, Gujarat, India |
| Kinematic Foodtech Private Limited | ₹15.76 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Cloudkitch Private Limited | ₹15.5 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Param People Infotech Solutions by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Param People Infotech Solutions Private Limited
Param People Infotech Solutions Private Limited is audited by Balakrishna & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Balakrishna & Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Param People Infotech Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Param People Infotech Solutions Private Limited
Open charges
₹1.77 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2024 | Others | ₹1.33 Cr | Open |
| 05 Feb 2024 | Others | ₹44 Lakh | Open |
Total charge records: 2 View all charges
Deals & Funding of Param People Infotech Solutions Private Limited
Param People Infotech Solutions Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer); the latest was in April 2016.
Total deals
2
Funding round
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Funding round | Undisclosed | Investors: NSRCEL |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: IIM Bangalore Seller: an individual |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Param People Infotech Solutions Private Limited
Param People Infotech Solutions Private Limited has a workforce of 32 employees as of Mar 28, 2024.
Employee count
32
Active EPFO establishments
1
Employee growth
14.29%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Param People Infotech Solutions Private Limited
Param People Infotech Solutions Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Parappa Jalappa Ghatanatti ceased to be Additional Director on 30 Sep 2017.
AGM
Param People Infotech Solutions Private Limited last Annual general meeting of members was held on 28 Oct 2024 as per latest MCA records.
Filing
Param People Infotech Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 133.20 Lakh with Charge ID 100889869 was registered on 11 Mar 2024.
Charges
A charge with Others amounted to Rs. 44.00 Lakh with Charge ID 100871839 was registered on 05 Feb 2024.
Ceased
Parappa Jalappa Ghatanatti ceased to be Additional Director.
Ceased
Neha Ghatanatti ceased to be Director.
Appointed
Parappa Jalappa Ghatanatti was appointed as Director.
Appointed
Rajesh Ghatanatti was appointed as Director.
Incorporation
28 May 2015
Param People Infotech Solutions Private Limited was registered on 28 May 2015 with Roc Bangalore & aged 11 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Param People Infotech Solutions Private Limited
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MSME Payment Delays by Param People Infotech Solutions Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Param People Infotech Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Param People Infotech Solutions Private Limited
Param People Infotech Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP1360R1ZR | Karnataka | Active | 17 Aug 2017 |
| 18AAICP1360R1ZU | Assam | Active | 24 Dec 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Param People Infotech Solutions Private Limited
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MCA filings and documents
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Related news about Param People Infotech Solutions Private Limited
Frequently Asked Questions about Param People Infotech Solutions Private Limited
Param People Infotech Solutions is an active private limited company based in Mysore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 May 2015 (11+ years old) and is registered under CIN U74900KA2015PTC080586.
Param People Infotech Solutions reported revenue of ₹16.25 Cr for FY 2024 (down 29% YoY).
Param People Infotech Solutions has 2 current directors:
- Parappa Jalappa Ghatanatti - Director
- Rajesh Ghatanatti - Director
Param People Infotech Solutions reported a net profit of ₹67.78 Lakh (net margin 4.2%) and EBITDA of ₹1.24 Cr (EBITDA margin 7.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Param People Infotech Solutions is 121% over three years and 102% over five years. In the latest year (FY 2024) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Param People Infotech Solutions is 29AAICP1360R1ZR, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 18AAICP1360R1ZU (Assam).
The CIN (Corporate Identification Number) of Param People Infotech Solutions is U74900KA2015PTC080586. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Param People Infotech Solutions was incorporated on 28 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Param People Infotech Solutions has 2 deals on record (1 funding round, 1 secondary share transfer); the latest was in April 2016.
The peers of Param People Infotech Solutions by revenue are Innovana Astro Services Limited, We Heal Private Limited, Travel Impression Private Limited, Voyager Partners Consultancy Private Limited, Truxcargo Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Parappa Jalappa Ghatanatti ceased to be Additional Director on 30 Sep 2017. Neha Ghatanatti ceased to be Director on 26 Jun 2017. Parappa Jalappa Ghatanatti was appointed as Director on 26 Jun 2017. Param People Infotech Solutions has 4 board changes on record in total.