About Parasoft India Private Limited
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Parasoft India Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Parasoft Corporation and recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 26 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC102584. Its GSTIN is 29AAJCP1562C1ZH (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kaushikkumar Narsinhbhai Patel and Darshanaben Kaushikkumar Patel.
Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 4 2nd Cross 37th Main Btm Layout 2nd Stage, Bengaluru, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.32 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Cr (net margin 19.6%) and EBITDA of ₹2.2 Cr (EBITDA margin 26.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 29% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parasoft.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 4 2nd Cross 37th Main Btm Layout 2nd Stage, Bengaluru, Karnataka, India – 560068
- IndustryInformation Technology, IT Consulting & Support Services, IT Products Retail & Distribution
- 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 Parasoft India Private Limited
The main business activities of Parasoft India are information and communication and trade. In detail, this covers computer programming, consultancy and related activities and retail trading. 2 activity segments are registered with the MCA.
| 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 |
| 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 Parasoft India Private Limited FY 2025 filings available
Parasoft India Private Limited reported revenue of ₹8.32 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Parasoft India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 23% growth in the latest year. EBITDA rose 27% 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 Parasoft India 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 | ₹2.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.63 Cr | •••• | •••• | •••• | •••• |
| 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 Parasoft India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.6% | •••• | •••• | •••• | •••• |
| 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 Parasoft India are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Parasoft India Private Limited
Parasoft India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Turings Xyz Private Limited | ₹8.32 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Noida, Uttar Pradesh, India |
| Varstreet Software (India) Private Limited | ₹8.32 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| Snap2insight India Private Limited | ₹8.32 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Interproductec Virtual Labs Private Limited | ₹8.32 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Thane, Maharashtra, India |
| Entro Labs IT Solutions Private Limited | ₹8.32 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Bhimavara, Andhra Pradesh, India |
| Parasoft India Private Limited this company | ₹8.32 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Bengaluru, Karnataka, India |
| Elegant Microweb Technologies Private Limited | ₹8.32 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Ahmedabad, Gujarat, India |
| Quaere Etechnologies Private Limited | ₹8.31 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Lucknow, Uttar Pradesh, India |
| 5F World Private Limited | ₹8.31 Cr (FY 2024) | •••• | •••• | 2415638.0% | •••• | Pune, Maharashtra, India |
| Uniwise Consultings Private Limited | ₹8.3 Cr (FY 2017) | •••• | •••• | -22.0% | •••• | Lucknow, Uttar Pradesh, India |
| Pivot Bits Technologies Private Limited | ₹8.3 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Parasoft India by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Parasoft India Private Limited
Parasoft India Private Limited is audited by KUSUMADEVI R H for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KUSUMADEVI R H | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Parasoft India Private Limited
Parasoft India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushikkumar Narsinhbhai Patel Also directs: Parasoft Software Private Limited | Director | 11 Jun 2019 | 7 Years 3 Months | Current |
| Darshanaben Kaushikkumar Patel | Director | 26 Apr 2017 | 9 Years 5 Months | Current |
| Pradeep | Director | 26 Apr 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Parasoft India 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 Parasoft India Private Limited
Parasoft India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Parasoft India Private Limited
Employment history and EPFO contributions of people linked to Parasoft India.
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.
News related to Parasoft India Private Limited
Recent Activity on Parasoft India Private Limited
Parasoft India Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Kaushikkumar Narsinhbhai Patel ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Parasoft India 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 Parasoft India 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 Parasoft India 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 Parasoft India Private Limited
Parasoft India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP1562C1ZH | Karnataka | Active | 01 Jul 2017 |
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 Parasoft India 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 Parasoft India Private Limited
Parasoft India is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 26 April 2017 (9+ years old) and is registered under CIN U72900KA2017PTC102584.
Parasoft India reported revenue of ₹8.32 Cr for FY 2024 (up 23% YoY).
Parasoft India has 3 current directors:
- Kaushikkumar Narsinhbhai Patel - Director
- Darshanaben Kaushikkumar Patel - Director
- Pradeep - Director
Parasoft India reported a net profit of ₹1.63 Cr (net margin 19.6%) and EBITDA of ₹2.2 Cr (EBITDA margin 26.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parasoft India is 46% over three years and 29% over five years. In the latest year (FY 2024) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Parasoft India is 29AAJCP1562C1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Parasoft India is U72900KA2017PTC102584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parasoft India was incorporated on 26 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Parasoft India by revenue are Turings Xyz Private Limited, Varstreet Software (India) Private Limited, Snap2insight India Private Limited, Interproductec Virtual Labs Private Limited, Entro Labs IT Solutions Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Kaushikkumar Narsinhbhai Patel ceased to be Additional Director on 30 Sep 2019. Kaushikkumar Narsinhbhai Patel was appointed as Director on 11 Jun 2019. Darshanaben Kaushikkumar Patel was appointed as Director on 26 Apr 2017. Parasoft India has 4 board changes on record in total.
Yes, Parasoft India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).