Passion IT Solutions Private Limited
About Passion IT Solutions Private Limited
Data last updated:
Passion IT Solutions Private Limited is a private limited company based in Ghaziabad, Uttar Pradesh, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 25 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U45400UP2008PTC225551.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹39.12 Lakh. It is led by directors Harpal Singh and Ankit Kumar Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ghaziabad, Uttar Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.81 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹81.14 Lakh (net margin -455.5%) and EBITDA of -₹78.49 Lakh (EBITDA margin -440.6%).
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressA – 32 Site – IV, Industrial Area Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
Financials of Passion IT Solutions Private Limited FY 2025 filings available
Passion IT Solutions Private Limited reported revenue of ₹17.81 Lakh (up 193% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Passion IT Solutions Private Limited
Revenue rose 193% 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 Passion IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | -₹78.49 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹81.14 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 Passion IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -440.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -455.5% | •••• | •••• | •••• | •••• |
| 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 Passion IT 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.
Peer Comparison of Passion IT Solutions Private Limited
Passion IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Luxtone Electronics Private Limited | ₹18.05 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Mumbai, Maharashtra, India |
| Sidebrain Private Limited | ₹18.04 Lakh (FY 2022) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| KFX Circuits and Systems Private Limited | ₹18.01 Lakh (FY 2025) | •••• | •••• | 714.0% | •••• | Bangalore, Karnataka, India |
| Mitrashi Projects Private Limited | ₹17.9 Lakh (FY 2017) | •••• | •••• | 445.0% | •••• | Pune, Maharashtra, India |
| NSP Electronics Limited | ₹17.86 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Passion IT Solutions Private Limited this company | ₹17.81 Lakh (FY 2025) | •••• | •••• | 193.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Rfid Solutions & Academy Private Limited | ₹17.81 Lakh (FY 2024) | •••• | •••• | 196.0% | •••• | New Delhi, Delhi, India |
| 11 Iot and Cloud Technologies Private Limited | ₹17.8 Lakh (FY 2024) | •••• | •••• | -50.0% | •••• | Pune, Maharashtra, India |
| Om and V Infratrade (India) Private Limited | ₹17.64 Lakh (FY 2024) | •••• | •••• | -51.0% | •••• | Ahmedabad, Gujarat, India |
| Appokart Private Limited | ₹17.63 Lakh (FY 2024) | •••• | •••• | 850.0% | •••• | Gurgaon, Haryana, India |
| Towa Metering Technologies Private Limited | ₹17.59 Lakh (FY 2025) | •••• | •••• | 1829.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Passion IT Solutions by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Passion IT Solutions Private Limited
Passion IT Solutions has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harpal Singh Also directs: London Spirit Limited, Koa Investments Limited, Best View Infrabuild Private Limited and 5 more | Director | 04 Dec 2023 | 2 Years 10 Months | Current |
| Ankit Kumar Agrawal Also directs: Qualite Buildcom Developers LLP, RPL Capital Finance Limited, London Spirit Limited and 5 more | Director | 30 Jul 2022 | 4 Years 2 Months | Current |
Charges & Borrowings of Passion IT Solutions Private Limited
Passion IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Passion IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Passion IT Solutions.
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 Passion IT Solutions Private Limited
Passion IT Solutions has one previous CIN (Corporate Identification Number): U45400DL2008PTC173178. The current CIN is U45400UP2008PTC225551, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400UP2008PTC225551 | Current |
| U45400DL2008PTC173178 | Previous |
Recent Activity on Passion IT Solutions Private Limited
Passion IT Solutions Private Limited has 12 board changes on record since 2008: 2 appointments and 10 cessations. The latest: Harpal Singh ceased to be Additional Director on 29 Sep 2024.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Passion IT 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 Passion IT 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 Passion IT 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 Passion IT Solutions Private Limited
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 Passion IT 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 Passion IT Solutions Private Limited
Passion IT Solutions is an active private limited company based in Ghaziabad, Uttar Pradesh, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 25 January 2008 (18+ years old) and is registered under CIN U45400UP2008PTC225551.
Passion IT Solutions reported revenue of ₹17.81 Lakh for FY 2025 (up 193% YoY).
Passion IT Solutions has 2 current directors:
- Harpal Singh - Director
- Ankit Kumar Agrawal - Director
Passion IT Solutions reported a net loss of ₹81.14 Lakh (net margin -455.5%) and EBITDA of -₹78.49 Lakh (EBITDA margin -440.6%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Passion IT Solutions is U45400UP2008PTC225551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passion IT Solutions was incorporated on 25 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Passion IT Solutions by revenue are Luxtone Electronics Private Limited, Sidebrain Private Limited, KFX Circuits and Systems Private Limited, Mitrashi Projects Private Limited, NSP Electronics Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Harpal Singh ceased to be Additional Director on 29 Sep 2024. Harpal Singh was appointed as Director on 04 Dec 2023. Ankit Kumar Agrawal ceased to be Additional Director on 30 Sep 2022. Passion IT Solutions has 12 board changes on record in total.
The registered office of Passion IT Solutions is at A – 32 Site – IV, Industrial Area Sahibabad, Ghaziabad, Uttar Pradesh, India – 201010.
Passion IT Solutions has an authorised share capital of ₹1 Cr and a paid-up capital of ₹39.12 Lakh.
Passion IT Solutions operates in the information technology industry, in the electronic components and equipment manufacturing segment.