About Parswa Systems Pvt. Ltd.
Data last updated:
Parswa Systems Pvt. Ltd. was a private limited company based in Delhi, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 02 September 1999.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1999PTC101393. Its GSTIN is 07AADCP3425G1ZN (Delhi). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was led by directors Asha Jain and Abhaya Indrajit Jain.
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 was at D – 41 D Block Dsidc Work Center Jhimil Colony, Delhi, India – 110095.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.11 Cr, a growth of 105% compared to the previous year. For the same year it recorded a net profit of ₹25.87 Lakh (net margin 23.4%) and EBITDA of ₹31.71 Lakh (EBITDA margin 28.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹1.88 Cr and satisfied charges of ₹3.38 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is parswa.co.in.
Company details
Contact details
Parswa Systems Pvt. Ltd.'s registered office is in Delhi, Delhi. Its website is parswa.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD – 41 D Block Dsidc Work Center Jhimil Colony, Delhi, India – 110095
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Parswa Systems Pvt. Ltd., 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 Parswa Systems is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Parswa Systems Pvt. Ltd., buy the company report.
Financials of Parswa Systems Pvt. Ltd.
FY 2024 filings availableParswa Systems Pvt. Ltd. reported revenue of ₹1.11 Cr (up 105% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 105% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 39% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹31.71 Lakh | ||||
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| Net Profit (PAT) | ₹25.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.7% | ||||
| Net Profit Margin | 23.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Parswa Systems Pvt. Ltd., buy the company report.
Board of directors of Parswa Systems Pvt. Ltd.
Parswa Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Jain Also directs: Parswa Systems LLP, Parswa Exports Private Limited | Director | 02 Sep 1999 | 27 Years 1 Months | As last reported |
| Abhaya Indrajit Jain | Director | 01 Mar 2007 | 19 Years 7 Months | As last reported |
Peer comparison
Parswa Systems Pvt. Ltd. is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Power Origins Private Limited | ₹1.11 Cr (FY 2021) | Chennai, Tamil Nadu, India | ||||
| S.G.J. Infotech Private Limited | ₹1.11 Cr (FY 2019) | 5.0% | Palayamkottai, Tamil Nadu, India | |||
| Elite Screens and Allied Products Private Limited | ₹1.11 Cr (FY 2024) | -21.0% | Coimbatore, Tamil Nadu, India | |||
| Parswa Systems Pvt. Ltd.this company | ₹1.11 Cr (FY 2024) | ₹25.87 Lakh | 23.4% | 105.0% | Delhi, India |
To see the full peer comparison of Parswa Systems Pvt. Ltd., buy the company report.
Auditor
Parswa Systems Pvt. Ltd. is audited by PUNAM TAYAL & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUNAM TAYAL & COMPANY | FY 2021 | 009744C |
Shareholding
The shareholding of Parswa Systems Pvt. Ltd. is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Parswa Systems Pvt. Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2013 | 10441259 | Icici Bank Limited | ₹1.88 Cr | Satisfied | |
| 11 Nov 2009 | 10185385 | The Royal Bank of Scotland N.V. | ₹1.5 Cr | Satisfied |
To see the full charge records of Parswa Systems Pvt. Ltd., buy the company report.
Total charge records: 2 View all charges
Legal cases
Parswa Systems Pvt. Ltd. has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
To see the full case history of Parswa Systems Pvt. Ltd., 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 Parswa Systems Pvt. Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Parswa Systems has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCP3425G1ZN | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parswa Systems Pvt. Ltd., buy the company report.
Recent activity
Parswa Systems Pvt. Ltd. has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Mohan Chandra Pandey ceased to be Director on 17 Nov 2008.
Frequently asked questions
Parswa Systems has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Parswa Systems was a private limited company based in Delhi, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 02 September 1999 and is registered under CIN U74899DL1999PTC101393. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Parswa Systems is U74899DL1999PTC101393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parswa Systems had 2 directors:
- Asha Jain - Director
- Abhaya Indrajit Jain - Director
Parswa Systems was incorporated on 02 September 1999. It is registered with the Registrar of Companies, Delhi.
Parswa Systems can be reached through the website parswa.co.in. Its registered office is in Delhi, India.
The registered office of Parswa Systems is at D – 41 D Block Dsidc Work Center Jhimil Colony, Delhi, India – 110095.
The latest financial statements of Parswa Systems 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 Parswa Systems is 07AADCP3425G1ZN, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Parswa Systems operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
The peers of Parswa Systems by revenue are Power Origins Private Limited, S.G.J. Infotech Private Limited, Elite Screens and Allied Products Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).