About Parity Systems Pvt Ltd.
Data last updated:
Parity Systems Pvt Ltd. is a private limited company based in Secunderabad, Telangana, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 22 July 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG1988PTC008869. Its GSTIN is 37AACCP2646L1Z5 (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Appa Rao Pagadala and Kamalakar Kolipaka.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Flat No. 7 Plot No.28/A Wellington Plaza Picket, Secunderabad, Telangana, India – 500009.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.47 Cr, a growth of 113% compared to the previous year. For the same year it recorded a net profit of ₹5.2 Lakh (net margin 2.1%) and EBITDA of ₹15.37 Lakh (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 37% over five years.
As per MCA filings, the company has satisfied charges of ₹5.91 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website parity.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No. 7 Plot No.28/A Wellington Plaza Picket, Secunderabad, Telangana, India – 500009
- IndustryInformation Technology, Software Development & 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 Parity Systems Pvt Ltd.
The main business activity of Parity Systems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | 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 Parity Systems Pvt Ltd. FY 2021 filings available
Parity Systems Pvt Ltd. reported revenue of ₹2.47 Cr (up 113% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Parity Systems Pvt Ltd.
Revenue rose 113% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 37%. EBITDA fell 29% 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 Parity Systems Pvt Ltd.
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.47 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.37 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.2 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 Parity Systems Pvt Ltd.
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Parity Systems 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.
Peer Comparison of Parity Systems Pvt Ltd.
Parity Systems Pvt Ltd. is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution, Software Services). Its own revenue is ₹2.47 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Savyasasy Software Solutions Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| RCS Software Services Private Limited | ₹2.47 Cr | •••• | •••• | •••• | 37 | Rae Bareli, Uttar Pradesh, India |
| Red Orchid Infotechnics Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mil-Cots Systems India Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Navidiz Software Solutions Private Limited | ₹2.47 Cr | •••• | •••• | •••• | 11 | Chennai, Tamil Nadu, India |
| Parity Systems Pvt Ltd. this company | ₹2.47 Cr | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| GRPS Lab Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Upnagar, Maharashtra, India |
| Eegrab Services Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Fast Software Services Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Enumerate AI Private Limited | ₹2.47 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sutrabiz Solutions Private Limited | ₹2.46 Cr | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Parity Systems by revenue in the Information Technology industry (IT Products Retail and Distribution, Software Services), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Parity Systems Pvt Ltd.
Parity Systems Pvt Ltd. is audited by M N REDDY & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M N REDDY & CO | 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 Parity Systems Pvt Ltd.
Parity Systems has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appa Rao Pagadala | Director | 31 Aug 2013 | 13 Years 1 Months | Current |
| Kamalakar Kolipaka | Director | 07 Apr 2022 | 4 Years 6 Months | Current |
Ownership and Shareholding of Parity Systems Pvt Ltd.
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 Parity Systems Pvt Ltd.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 2010 | Standard Chartered Bank | ₹2.5 Cr | Satisfied |
| 13 Feb 2009 | Ing Vysya Bank Ltd | ₹1.5 Cr | Satisfied |
| 14 Oct 2006 | Hdfc Bank Limited | ₹1.25 Cr | Satisfied |
| 18 Nov 2004 | Ing Vysya Bank Ltd | ₹45 Lakh | Satisfied |
| 22 Nov 2000 | Agraha Co-Operative Urban Bank Limited | ₹19 Lakh | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Parity Systems Pvt Ltd.
Parity Systems Pvt Ltd. has 3 court cases on record: 2 filed by Parity Systems, 1 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Iris Computers Limited | Disposed |
| High Court for State of Telangana | Company petition | Filed by the company | Disposed |
| High Court for State of Telangana | Court case (COMPA) | Filed by the company | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Parity Systems Pvt Ltd.
Parity Systems Pvt Ltd. has a workforce of 0 employees as of Apr 04, 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.
CIN History of Parity Systems Pvt Ltd.
Parity Systems has one previous CIN (Corporate Identification Number): U72200AP1988PTC008869. The current CIN is U72200TG1988PTC008869, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG1988PTC008869 | Current |
| U72200AP1988PTC008869 | Previous |
Recent Activity on Parity Systems Pvt Ltd.
Parity Systems Pvt Ltd. has 24 board changes on record since 2000: 13 appointments and 11 cessations. The latest: Manisha Athicom ceased to be Director on 14 Apr 2022.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Parity Systems Pvt Ltd.
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 Parity Systems Pvt Ltd.
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 Parity Systems Pvt Ltd.
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 Parity Systems Pvt Ltd.
Parity Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCP2646L1Z5 | Andhra Pradesh | 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 Parity Systems Pvt Ltd.
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 Parity Systems Pvt Ltd.
Parity Systems is an active private limited company based in Secunderabad, Telangana, India. The company works in software development and support services, within the information technology industry. It was incorporated on 22 July 1988 (38+ years old) and is registered under CIN U72200TG1988PTC008869.
Parity Systems reported revenue of ₹2.47 Cr for FY 2021 (up 113% YoY).
Parity Systems has 2 current directors:
- Appa Rao Pagadala - Director
- Kamalakar Kolipaka - Director
Parity Systems reported a net profit of ₹5.2 Lakh (net margin 2.1%) and EBITDA of ₹15.37 Lakh (EBITDA margin 6.2%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parity Systems is -55% over three years and -37% over five years. In the latest year (FY 2021) revenue rose 113%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Parity Systems is 37AACCP2646L1Z5, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Parity Systems is U72200TG1988PTC008869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parity Systems has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Parity Systems was incorporated on 22 July 1988, making it 38+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Parity Systems by revenue are Savyasasy Software Solutions Private Limited, RCS Software Services Private Limited, Red Orchid Infotechnics Private Limited, Mil-Cots Systems India Private Limited, Navidiz Software Solutions Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution, Software Services).
Manisha Athicom ceased to be Director on 14 Apr 2022. Kamalakar Kolipaka was appointed as Director on 07 Apr 2022. Kiran Kumar Nareddy ceased to be Director on 07 Apr 2022. Parity Systems has 24 board changes on record in total.