Startup India Government of India
Penite Solutions Private Limited
Penite Solutions Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹84,746
Latest filing
Net loss · FY 2023
₹13.71 Lakh
Latest filing
EBITDA · FY 2023
-₹13.6 Lakh
Latest filing
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Penite Solutions Private Limited
Data last updated:
Penite Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 05 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC289315. Its GSTIN is 27AAICP9154B1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jainesh Patel and Hardip Velji Patel.
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 7 Floor – 1st 12 – 14 Ganga Niwas Modi Street Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹84,746. For the same year it recorded a net loss of ₹13.71 Lakh and EBITDA of -₹13.6 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 68% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999MH2017PTC289315
Registration Number 289315
Incorporation Date 05 January 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Penite Solutions
Contact details
Penite Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7 Floor – 1st 12 – 14 Ganga Niwas Modi Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Penite Solutions Private Limited, buy the company report.
Comprehensive company report
Penite Solutions Private 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
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Financials of Penite Solutions Private Limited
FY 2025 filings availablePenite Solutions Private Limited reported revenue of ₹84,746 for FY 2023.
Revenue · FY 2023
₹84,746
Net loss · FY 2023
₹13.71 Lakh
EBITDA · FY 2023
-₹13.6 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
5 years · compounded
▼ 68%
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹84,746 | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹13.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.71 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Penite Solutions Private Limited, buy the company report.
Board of directors of Penite Solutions Private Limited
Penite Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jainesh Patel | Director | 12 Feb 2018 | 8 Years 8 Months | Current |
| Hardip Velji Patel | Director | 05 Jan 2017 | 9 Years 9 Months | Current |
| Dharmesh Velji Patel Also directs: Skrill Innovation LLP | Director | 05 Jan 2017 | 9 Years 9 Months | Current |
Auditor
Penite Solutions Private Limited is audited by RISHABH LUNIA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHABH LUNIA & CO | FY 2023 | 017003C |
Shareholding
The shareholding of Penite Solutions Private 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Penite Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Penite Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Penite Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Penite Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP9154B1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Penite Solutions Private Limited, buy the company report.
Recent activity
Penite Solutions Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Naresh Kumar Agarwal ceased to be Director on 15 Sep 2018.
AGM
Penite Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Penite Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Naresh Kumar Agarwal ceased to be Director.
Appointed
Jainesh Patel was appointed as Director.
Appointed
Dharmesh Velji Patel was appointed as Director.
Appointed
Hardip Velji Patel was appointed as Director.
Incorporation
05 Jan 2017
Penite Solutions Private Limited was registered on 05 Jan 2017 with Roc Mumbai & aged 9 years 9 months as per MCA records.
Frequently asked questions
Penite Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 05 January 2017 (9+ years old) and is registered under CIN U74999MH2017PTC289315.
Penite Solutions has 3 current directors:
- Jainesh Patel - Director
- Hardip Velji Patel - Director
- Dharmesh Velji Patel - Director
The latest financial statements of Penite Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Penite Solutions is 27AAICP9154B1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Penite Solutions is U74999MH2017PTC289315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Penite Solutions was incorporated on 05 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Naresh Kumar Agarwal ceased to be Director on 15 Sep 2018. Jainesh Patel was appointed as Director on 12 Feb 2018. Dharmesh Velji Patel was appointed as Director on 05 Jan 2017. Penite Solutions has 4 board changes on record in total.
Yes, Penite Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Penite Solutions is at 7 Floor – 1st 12 – 14 Ganga Niwas Modi Street Fort, Mumbai, Maharashtra, India – 400001.
Penite Solutions operates in the information technology industry, in the IT products retail and distribution segment.