Parcorp Private Limited
About Parcorp Private Limited
Data last updated:
Parcorp Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 17 January 2017.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC289663. Its GSTIN is 27AAICP9442Q1ZI (Maharashtra).
The company had an authorised share capital of ₹31.75 Cr and a paid-up capital of ₹24.68 Cr. It was led by directors Rushikesh Harishchandra Parekh and Nirav Harish Parekh.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Anchorage Cts.No.275/B Village Deonar Off Govandi Stn Rd Govandi East, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2022, the company reported a revenue of ₹47.67 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹41.18 Lakh (net margin 0.9%) and EBITDA of ₹10.47 Cr (EBITDA margin 22%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 57% over five years.
Its group structure included 1 subsidiary.
As per MCA filings, the company had open charges of ₹11.38 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹31.61 Cr; the latest was in March 2018.
Company details
Contact details
Parcorp Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressAnchorage Cts.No.275/B Village Deonar Off Govandi Stn Rd Govandi East, Mumbai, Maharashtra, India – 400088
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Parcorp 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 Parcorp is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Parcorp Private Limited, buy the company report.
Financials of Parcorp Private Limited
FY 2022 filings availableParcorp Private Limited reported revenue of ₹47.67 Cr (up 152% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 152% growth in the latest year. EBITDA rose 390% 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 | FY 2017-18 |
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| EBITDA | ₹10.47 Cr | ||||
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| Net Profit (PAT) | ₹41.18 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 22% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Parcorp Private Limited, buy the company report.
Board of directors of Parcorp Private Limited
Parcorp has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushikesh Harishchandra Parekh Also directs: Logistic Maritime Services LLP, Seabird Commodities LLP, Chronograph Project Consultants LLP and 5 more | Director | 16 Mar 2020 | 6 Years 7 Months | As last reported |
| Nirav Harish Parekh Also directs: Seabird Commodities LLP, Chronograph Project Consultants LLP, Seastar Global Shipping and Logistics LLP and 5 more | Director | 16 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor
Parcorp Private Limited is audited by V K BESWAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K BESWAL & ASSOCIATES | FY 2021 | 101083W |
Shareholding
The shareholding of Parcorp Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Parcorp Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2017 | 100075913 | Bnp Paribas | ₹3 Cr | Open | |
| 03 May 2005 | 90241451 | Union Bank of India | ₹2.99 Cr | Open | |
| 17 Mar 2005 | 90241370 | State Bank of India | ₹4.09 Cr | Open | |
| 17 Mar 1999 | 90186655 | Gujarat Industrial Invest. Corp. Ltd. | ₹97 Lakh | Open | |
| 14 Jun 1994 | 90186080 | Bank of Baroda | ₹11.1 Lakh | Open |
To see the full charge records of Parcorp Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Parcorp Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹31.61 Cr; the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Sep 2017 | Funding round | ₹31.61 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parcorp Private Limited has 1 court case on record: 1 filed by Parcorp. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Parcorp 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 Parcorp Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Parcorp has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Seabird Resorts Private Limited | U55100MH2005PTC158154 |
To see the full group structure of Parcorp Private Limited, buy the company report.
GST
Parcorp has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP9442Q1ZI | Maharashtra | Active | 21 Sep 2017 |
To see the full GST registrations and return filing status of Parcorp Private Limited, buy the company report.
Recent activity
Parcorp Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Bhagwandas Mulji Parekh ceased to be Director on 01 Mar 2021.
2 earlier events are in the company report.
Frequently asked questions
Parcorp 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.
Parcorp was a private limited company based in Mumbai, Maharashtra, India. The company worked in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 17 January 2017 and is registered under CIN U74999MH2017PTC289663. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Parcorp was incorporated on 17 January 2017. It is registered with the Registrar of Companies, Mumbai.
Parcorp had 2 directors:
- Rushikesh Harishchandra Parekh - Director
- Nirav Harish Parekh - Director
The CIN (Corporate Identification Number) of Parcorp is U74999MH2017PTC289663. 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 Parcorp is at Anchorage Cts.No.275B Village Deonar Off Govandi Stn Rd Govandi East, Mumbai, Maharashtra, India – 400088.
The latest financial statements of Parcorp on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Parcorp is 27AAICP9442Q1ZI, registered in Maharashtra.
Parcorp operated in the transport and logistics industry, in the integrated and diversified logistics services segment.
Parcorp has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹31.61 Cr; the latest was in March 2018.
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