About Parinati Solutions Private Limited
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Parinati Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Accion Labs India Private Limited. 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 25 September 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2010PTC208165. Its GSTIN is 27AAFCP6951M1ZT (Maharashtra).
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹21.41 Lakh. It was led by directors Ashutosh Maruti Bijoor and Ramesh Narasimhan.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 2nd Floor Plot No. G – 9 Cross Road A Marol MIDC Next To Sunmangal Press Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.96 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹66.39 Lakh (net margin 9.5%) and EBITDA of ₹92.57 Lakh (EBITDA margin 13.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 20% over five years.
The company had about 36 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Parinati Solutions. As per MCA filings, the company had satisfied charges of ₹25 Lakh on record.
The last known website on record is parinati.in.
Company details
Contact details
Parinati Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is parinati.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Plot No. G – 9 Cross Road A Marol MIDC Next To Sunmangal Press Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Parinati 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
Parinati Solutions operates one associated brand: Parinati Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Application development, maintenance and quality assurance services | parinati.in |
Business activity
The main business activities of Parinati Solutions are information and communication and support service to organizations. In detail, this covers computer programming, consultancy and related activities and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Parinati Solutions Private Limited, buy the company report.
Financials of Parinati Solutions Private Limited
FY 2020 filings availableParinati Solutions Private Limited reported revenue of ₹6.96 Cr (up 4% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 4% growth in the latest year. EBITDA rose 204% 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 | ₹6.96 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹92.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹66.39 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 | 13.3% | ||||
| Net Profit Margin | 9.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Parinati Solutions Private Limited, buy the company report.
Board of directors of Parinati Solutions Private Limited
Parinati Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Maruti Bijoor Also directs: Accion Technologies Private Limited, SCPC Knowledge Sharing Forum, Bijoor Sports Promotion Institute and 1 more | Director | 10 Nov 2015 | 10 Years 11 Months | As last reported |
| Ramesh Narasimhan | Director | 10 Nov 2015 | 10 Years 11 Months | As last reported |
Peer comparison
Parinati Solutions Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Innowise Global Technology Private Limited | ₹6.97 Cr (FY 2025) | -29.0% | Pune, Maharashtra, India | |||
| Togglesoft Technologies Private Limited | ₹6.97 Cr (FY 2025) | 137.0% | Hyderabad, Telangana, India | |||
| Coolminds Technologies Private Limited | ₹6.96 Cr (FY 2025) | -21.0% | Kakkanad, Kerala, India | |||
| Cognativ India Private Limited | ₹6.96 Cr (FY 2025) | -24.0% | Hyderabad, Telangana, India | |||
| Parinati Solutions Private Limitedthis company | ₹6.96 Cr (FY 2020) | ₹66.39 Lakh | 9.5% | 4.0% | 36 | Mumbai, Maharashtra, India |
| Whiteboard Technologies Private Limited | ₹6.96 Cr (FY 2024) | 19.0% | Bangalore, Karnataka, India | |||
| Acclivis Technologies Private Limited | ₹6.96 Cr (FY 2025) | -42.0% | Pune, Maharashtra, India | |||
| Revoltution Labs Private Limited | ₹6.96 Cr (FY 2025) | -15.0% | Bangalore, Karnataka, India | |||
| Fairywren Private Limited | ₹6.95 Cr (FY 2025) | 21.0% | Hulimahu, Karnataka, India | |||
| Avertra India Private Limited | ₹6.95 Cr (FY 2024) | 52.0% | Pune, Maharashtra, India |
To see the full peer comparison of Parinati Solutions Private Limited, buy the company report.
Auditor
Parinati Solutions Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2019 | 101049W/E300004 |
Shareholding
The shareholding of Parinati 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 Parinati Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2014 | 10535741 | The Saraswat Co-Op. Bank Limited | ₹25 Lakh | Satisfied |
To see the full charge records of Parinati Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Parinati 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 Parinati Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parinati Solutions Private Limited has a workforce of 36 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Parinati Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP6951M1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parinati Solutions Private Limited, buy the company report.
Recent activity
Parinati Solutions Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Gurudas Shridhar Pai ceased to be Managing Director on 30 Sep 2020.
Frequently asked questions
Parinati 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.
Parinati Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 25 September 2010 and is registered under CIN U74900MH2010PTC208165. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Parinati Solutions was incorporated on 25 September 2010. It is registered with the Registrar of Companies, Mumbai.
Parinati Solutions had 2 directors:
- Ashutosh Maruti Bijoor - Director
- Ramesh Narasimhan - Director
The CIN (Corporate Identification Number) of Parinati Solutions is U74900MH2010PTC208165. 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 Parinati Solutions is at 2nd Floor Plot No. G – 9 Cross Road A Marol MIDC Next To Sunmangal Press Andheri East, Mumbai, Maharashtra, India – 400093.
Parinati Solutions can be reached through the website parinati.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Parinati Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Parinati Solutions is 27AAFCP6951M1ZT, registered in Maharashtra.
Parinati Solutions operated in the information technology industry, in the IT consulting and support services segment.
The peers of Parinati Solutions by revenue are Innowise Global Technology Private Limited, Togglesoft Technologies Private Limited, Coolminds Technologies Private Limited, Cognativ India Private Limited, Whiteboard Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).