About Parinati Solutions Private Limited
Data last updated:
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.
- EmailLocked
- TelephoneLocked
- 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
- 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
Associated Brands with Parinati Solutions Private Limited
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 of Parinati Solutions Private Limited
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 | 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 |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Parinati Solutions Private Limited FY 2020 filings available
Parinati Solutions Private Limited reported revenue of ₹6.96 Cr (up 4% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Parinati Solutions Private Limited
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 of Parinati Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹6.96 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹92.57 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹66.39 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 Parinati Solutions Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Parinati Solutions are in the company report.
Financial statements from 2015
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.
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 of Parinati Solutions Private Limited
Parinati Solutions 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 |
|---|---|---|---|---|---|---|
| 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 |
| Amerind Data Solutions Private Limited | ₹6.97 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Visakhapatnam, Andhra Pradesh, 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 Limited this company | ₹6.96 Cr (FY 2020) | •••• | •••• | 4.0% | •••• | 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 |
Peers are the five companies nearest above and the five nearest below Parinati Solutions 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 Parinati Solutions Private Limited
Parinati Solutions Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | 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.
Ownership and Shareholding of Parinati Solutions 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 Parinati Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Dec 2014 | The Saraswat Co-Op. Bank Limited | ₹25 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Parinati Solutions Private Limited
Parinati Solutions Private Limited has a workforce of 36 employees as of Apr 08, 2024.
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.
Recent Activity on Parinati Solutions Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Parinati Solutions 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 Parinati Solutions 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 Parinati Solutions 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 Parinati Solutions Private Limited
Parinati Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP6951M1ZT | Maharashtra | 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 Parinati Solutions 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 Parinati Solutions Private Limited
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.
Parinati Solutions reported revenue of ₹6.96 Cr for FY 2020 (up 4% YoY).
Parinati Solutions has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹21.41 Lakh.
Parinati Solutions reported a net profit of ₹66.39 Lakh (net margin 9.5%) and EBITDA of ₹92.57 Lakh (EBITDA margin 13.3%) for FY 2020, as per its filed financial statements.
The GSTIN of Parinati Solutions is 27AAFCP6951M1ZT, registered in Maharashtra.