Parixit Irrigation Limited

Parixit Irrigation Limited - agriculture in Sanand, Gujarat, India. FY 2026 financials & compliance.
CIN U25200GJ1989PLC012672 Incorporated 23 August 1989 ROC Ahmedabad HQ Sanand, Gujarat, India
Active Public Limited Company agriculture MSME · Medium
Data last updated
Revenue · FY 2025
₹85.53 Cr
▼ 38% YoY
Net profit · FY 2025
₹4.32 Cr
Net margin 5%
EBITDA · FY 2025
₹9.44 Cr
EBITDA margin 11%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹4.3 Cr
Issued & subscribed
Open charges
₹40.39 Cr
Satisfied ₹171.2 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
144
Provident fund records

About Parixit Irrigation Limited

Data last updated:

Parixit Irrigation Limited is a public limited company based in Sanand, Gujarat, India, a subsidiary of Digitelle Technologies Pte Limited. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 23 August 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ1989PLC012672. Its GSTIN is 09AABCP8985D1Z0 (Uttar Pradesh). The company holds 10 GST registrations, of which 6 are active.

The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹4.3 Cr. It was formerly known as Parixit Industries Limited. It is led by directors including Rajesh Man Mal Lodha and Pawan Kumar Murarka.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 214/1 – 214/2 Virpura Bus Stop P.O.Iyava Taluka Sanand, Gujarat, India – 382170.

As per the financials filed for FY 2025, the company reported a revenue of ₹85.53 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹4.32 Cr (net margin 5%) and EBITDA of ₹9.44 Cr (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years.

The company has about 144 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

As per MCA filings, the company has open charges of ₹40.39 Cr and satisfied charges of ₹171.2 Cr on record. Court records list 70 cases involving the company, including 48 filed by the company and 22 filed against it; 11 cases are pending. The company has 16 deals on record (8 secondary share transfers, 4 rights issues, 4 funding rounds), with disclosed funding of ₹40.53 Cr; the latest was in January 2017. Its 3 peer companies in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger; the largest is Pragati Pipe Industries Private Limited with revenue of ₹88.39 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2024, listing 78 overdue payments to 14 micro and small suppliers.

Parixit Irrigation Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0009615). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website emtelleindia.com.

Company details

CIN U25200GJ1989PLC012672
Registration Number 012672
Incorporation Date 23 August 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Digitelle Technologies Pte Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0009615

Name history

Parixit Irrigation has undergone 5 name changes throughout its history. The current legal name is Parixit Irrigation Limited.

Company NameStatus
Parixit Irrigation LimitedCurrent
Parixit Industries LimitedPrevious
Emtelle India LimitedPrevious
Parixit LimitedPrevious
Parixit Plastics Private LimitedPrevious
Key People
Rajesh Man Mal Lodha Director Pawan Kumar Murarka Director Mahendra Gumanmalji Lodha Director

Recognitions & Rankings of Parixit Irrigation

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0009615

Contact details

Parixit Irrigation Limited's registered office is in Sanand, Gujarat. Its website is emtelleindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    emtelleindia.com
  • Social Media
  • Registered Address
    214/1 – 214/2 Virpura Bus Stop P.O.Iyava Taluka Sanand, Gujarat, India – 382170
  • Industry
    Agriculture, Agri Machinery & Equipment

To see the full contact details of Parixit Irrigation Limited, buy the company report.

Comprehensive company report
Parixit Irrigation Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Parixit Irrigation is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Parixit Irrigation Limited, buy the company report.

Financials of Parixit Irrigation Limited

FY 2024 filings available

Parixit Irrigation Limited reported revenue of ₹85.53 Cr (down 38% YoY) for FY 2025.

Revenue · FY 2025
₹85.53 Cr ▼ 38%
Net profit · FY 2025
₹4.32 Cr margin 5%
EBITDA · FY 2025
₹9.44 Cr margin 11%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 30%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 32%

Revenue has declined at a compounded annual rate (CAGR) of 30% over three years, including a 38% fall in the latest year. EBITDA rose 13% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹9.44 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.32 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin11%
Net Profit Margin5%
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

To see the full financial statements and ratios of Parixit Irrigation Limited, buy the company report.

Board of directors of Parixit Irrigation Limited

Parixit Irrigation has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajesh Man Mal Lodha
Also directs: Digitelle Technologies Private Limited, Jaihind Projects Limited, Nitrex Chemicals India Limited and 5 more
Director19 Mar 20188 Years 7 MonthsCurrent
Pawan Kumar Murarka
Also directs: Sanand Industrial Park Private Limited, Marudhar Industries Limited, Chandresh Cables Limited and 5 more
Director01 Oct 20242 Years 1 MonthsCurrent
Mahendra Gumanmalji Lodha
Also directs: Landscape Buildcon LLP, Max Healthcare Institute Limited, Rajdhani Textiles Private Limited and 5 more
Director18 Jun 201214 Years 4 MonthsCurrent
View all directors

Peer comparison

Parixit Irrigation Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Pragati Pipe Industries Private Limited₹88.39 Cr (FY 2025)-31.0%Raipur, Chhattisgarh, India
Tirupati Sprinklers Private Limited₹88.17 Cr (FY 2025)12.0%Jaipur, Rajasthan, India
Drip India Irrigation Private Limited₹86.48 Cr (FY 2025)-2.0%Nashik, Maharashtra, India
Parixit Irrigation Limitedthis company₹85.53 Cr (FY 2025)₹4.32 Cr5%-38.0%144Sanand, Gujarat, India

To see the full peer comparison of Parixit Irrigation Limited, buy the company report.

Shareholding

The shareholding of Parixit Irrigation Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2020FY 2019FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Parixit Irrigation Limited, buy the company report.

Charges & borrowings

Open charges
₹40.39 Cr
Satisfied charges
₹171.2 Cr
Breakdown by lending institutions
Axis Bank Limited₹40.00 Cr
Hdfc Bank Limited₹0.39 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Aug 2024100961265Hdfc Bank Limited₹38.65 LakhOpen
26 Mar 2018100181857Axis Bank Limited₹40 CrOpen
02 Nov 200910184850Export-Import Bank of India₹4.26 CrSatisfied
11 Feb 200910148032Hdfc Bank Limited₹9.52 LakhSatisfied
25 Mar 200810097961State Bank of Saurashtra₹37.75 CrSatisfied

To see the full charge records of Parixit Irrigation Limited, buy the company report.

Total charge records: 14 View all charges

Deals & funding

Parixit Irrigation Limited has 16 deals on record (8 secondary share transfers, 4 rights issues, 4 funding rounds), with disclosed funding of ₹40.53 Cr; the latest was in January 2017.

Total deals
16
Secondary share transfers
8
Rights issues
4
Funding rounds
4
Disclosed funding
₹40.53 Cr

Deals on record (5 of 16)

WhenDealAmountParties
Jan 2017Secondary share transferUndisclosedBuyer: Digitelle Technologies Pte Limited
Seller: Emtelle Holding B V
Dec 2016Rights issue₹3.1 CrInvestors: Emtelle Holding B V
Sep 2016Rights issue₹2.73 CrInvestors: Emtelle Holding B V, Digitelle Technologies Pte Limited
Mar 2015Rights issue₹5.5 CrInvestors: Emtelle Holding B V
Jul 2014Rights issue₹12.47 CrInvestors: Emtelle Holding B V

To see the full deal history of Parixit Irrigation Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Parixit Irrigation Limited has 9 MSME Form 1 returns on record between 2019 and 2024, listing 78 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 14)

SupplierAmount dueDue sinceReported on
an individual supplier
Blend Colours Private Limited
an individual supplier
an individual supplier
Om Corporation

To see the full MSME payment records of Parixit Irrigation Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Parixit Irrigation has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Jaihind Projects LimitedU45100GJ1985PLC008338

To see the full group structure of Parixit Irrigation Limited, buy the company report.

Employees & EPFO

Parixit Irrigation Limited has a workforce of 144 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
144
Active EPFO establishments
1
Employee growth
-5.26%

GST

Parixit Irrigation has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
6
Cancelled / inactive
4
GSTINStateStatusRegistered on
09AABCP8985D1Z0Uttar PradeshActive01 Jul 2017
27AABCP8985D1Z2MaharashtraActive01 Jul 2017
33AABCP8985D1Z9Tamil NaduActive01 Jul 2017
36AABCP8985D1Z3TelanganaActive01 Jul 2017

To see the full GST registrations and return filing status of Parixit Irrigation Limited, buy the company report.

Recent activity

Parixit Irrigation Limited has 25 board changes on record since 2010: 3 appointments and 22 cessations. The latest: Pawan Kumar Murarka ceased to be Additional Director on 29 Sep 2025.

Ceased
Pawan Kumar Murarka ceased to be Additional Director.
Appointed
Pawan Kumar Murarka was appointed as Director.
AGM
Parixit Irrigation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.39 Cr with Charge ID 100961265 was registered on 01 Aug 2024.
Filing
Parixit Irrigation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Sanjeev Khanna ceased to be Additional Director.
Ceased
Awadhesh Kumar Bajoria ceased to be Managing Director.
Ceased
Rashmikant Bhikhalal Kothari ceased to be Additional Director.
Ceased
Narendra Mal Mohnot ceased to be Director.
Charges
A charge registered on 02 Nov 2009 via Charge ID 10184850 with Export-Import Bank Of India was fully satisfied on 15 May 2019.
Charges
A charge with Axis Bank Limited of Rs. 40.00 Cr registered on 26 Mar 2018 with Charge ID 100181857 was modified on 22 Mar 2019.
Ceased
Rameshchandra Radhakishan Choudhary ceased to be Director.

49 earlier events are in the company report.

Frequently asked questions

Parixit Irrigation is an active public limited company based in Sanand, Gujarat, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 23 August 1989 (37+ years old) and is registered under CIN U25200GJ1989PLC012672.

Parixit Irrigation has 3 current directors:

The latest financial statements of Parixit Irrigation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Parixit Irrigation is 09AABCP8985D1Z0, registered in Uttar Pradesh. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 27AABCP8985D1Z2 (Maharashtra), 33AABCP8985D1Z9 (Tamil Nadu), 36AABCP8985D1Z3 (Telangana).

The CIN (Corporate Identification Number) of Parixit Irrigation is U25200GJ1989PLC012672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Parixit Irrigation has 70 court cases on record: 48 filed by the company and 22 filed against it. 11 are pending. Most are in the district courts.

Parixit Irrigation was incorporated on 23 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Parixit Irrigation has 16 deals on record (8 secondary share transfers, 4 rights issues, 4 funding rounds), with disclosed funding of ₹40.53 Cr; the latest was in January 2017.

The peers of Parixit Irrigation by revenue are Pragati Pipe Industries Private Limited, Tirupati Sprinklers Private Limited, Drip India Irrigation Private Limited, all in the Agriculture industry (Farm Equipment), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

Pawan Kumar Murarka ceased to be Additional Director on 29 Sep 2025. Pawan Kumar Murarka was appointed as Director on 01 Oct 2024. Sanjeev Khanna ceased to be Additional Director on 29 Sep 2022. Parixit Irrigation has 25 board changes on record in total.

Yes, Parixit Irrigation is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0009615).

Parixit Irrigation has 9 MSME Form 1 returns on record between 2019 and 2024, listing 78 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2024.