About Petro IT Limited
Data last updated:
Petro IT Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Chimes Private Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2004PLC125006. Its GSTIN is 07AADCP2646K2Z8 (Delhi). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.29 Cr. It was formerly known as Pl Petro It Private Limited. It is led by directors including Dev Punj and Jai Punj.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Lower Ground Floor 7/6 Sarvpriya Vihar, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.51 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.78 Cr (net margin 15.4%) and EBITDA of ₹5.29 Cr (EBITDA margin 45.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 2% over five years.
The company has about 81 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹11 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website chimesgroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressLower Ground Floor 7/6 Sarvpriya Vihar, New Delhi, Delhi, India – 110016
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Petro IT Limited
The main business activity of Petro IT is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Petro IT Limited FY 2025 filings available
Petro IT Limited reported revenue of ₹11.51 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Petro IT Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 7% growth in the latest year. EBITDA rose 6% 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 Petro IT 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 | ₹5.29 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.78 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 of Petro IT Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.4% | •••• | •••• | •••• | •••• |
| 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 Petro IT 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 Petro IT Limited
Petro IT Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S2tech.Com India Private Limited | ₹11.55 Cr (FY 2022) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Metamorphosys Technologies Private Limited | ₹11.53 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Pune, Maharashtra, India |
| 4Pi Infotech India Private Limited | ₹11.52 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Secude Solutions India Private Limited | ₹11.52 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| Sunovaa Tech Private Limited | ₹11.52 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Petro IT Limited this company | ₹11.51 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Libsys Limited | ₹11.47 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Sydata Consulting India Private Limited | ₹11.47 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | Hyderabad, Telangana, India |
| Computer Home Private Limited | ₹11.47 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Pune, Maharashtra, India |
| Standout IT Solutions Private Limited | ₹11.47 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Thiruvananthapuram, Kerala, India |
| SBN Technologics Private Limited | ₹11.45 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Petro IT by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Petro IT Limited
Petro IT Limited is audited by Nitin Mittal & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nitin Mittal & 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 Petro IT Limited
Petro IT has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dev Punj | Director | 27 Jul 2021 | 5 Years 2 Months | Current |
| Jai Punj | Director | 27 Jul 2021 | 5 Years 2 Months | Current |
| Rahul Khare Also directs: Chimes Aviation Private Limited, Petro IT Solutions Private Limited, Chimes Private Limited and 5 more | Director | 02 Jan 2006 | 20 Years 9 Months | Current |
| Uday Punj | Director | 08 Mar 2004 | 22 Years 7 Months | Current |
| Mangalam Punj Also directs: Umjd Family LLP, Maud Estates Private Limited, K R Securities Private Limited and 2 more | Director | 05 Mar 2004 | 22 Years 7 Months | Current |
Ownership and Shareholding of Petro IT Limited
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 Petro IT Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Jul 2024 | Others | ₹35 Cr | Open |
| 09 Sep 2011 | Kotak Mahindra Bank Limited | ₹6.5 Cr | Satisfied |
| 18 Sep 2006 | Syndicate Bank | ₹4.5 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Petro IT Limited
Petro IT Limited has 6 court cases on record: 5 filed by Petro IT, 1 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax, Circle 19(1), New Delhi | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax , Circle 19(1), New Delhi | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax & Ors | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax, Circle 19(1), New Delhi & Ors | Disposed |
| District court, Shimla, Himachal Pradesh | Court case (Suit For Recovery) | Filed against the company by an individual | Disposed |
Full case history
All 6 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 Petro IT Limited
Employment history and EPFO contributions of people linked to Petro IT.
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 Petro IT Limited
Petro IT has one previous CIN (Corporate Identification Number): U72900DL2004PTC125006. The current CIN is U72900DL2004PLC125006, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL2004PLC125006 | Current |
| U72900DL2004PTC125006 | Previous |
Recent Activity on Petro IT Limited
Petro IT Limited has 9 board changes on record since 2004: 5 appointments and 4 cessations. The latest: Dev Punj ceased to be Additional Director on 20 Aug 2021.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Petro IT 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 Petro IT 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 Petro IT 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 Petro IT Limited
Petro IT has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCP2646K2Z8 | Delhi | Active | 01 Jul 2017 |
| 06AADCP2646K1ZB | Haryana | 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 Petro IT 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 Petro IT Limited
Petro IT is an active public limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 05 March 2004 (22+ years old) and is registered under CIN U72900DL2004PLC125006.
Petro IT reported revenue of ₹11.51 Cr for FY 2025 (up 7% YoY).
Petro IT has 5 current directors:
- Dev Punj - Director
- Jai Punj - Director
- Rahul Khare - Director
- Uday Punj - Director
- Mangalam Punj - Director
Petro IT reported a net profit of ₹1.78 Cr (net margin 15.4%) and EBITDA of ₹5.29 Cr (EBITDA margin 45.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Petro IT is 18% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Petro IT is 07AADCP2646K2Z8, registered in Delhi. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 06AADCP2646K1ZB (Haryana).
The CIN (Corporate Identification Number) of Petro IT is U72900DL2004PLC125006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Petro IT has 6 court cases on record: 5 filed by the company and 1 filed against it. Most are in the high courts.
Petro IT was incorporated on 05 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Petro IT by revenue are S2tech.Com India Private Limited, Metamorphosys Technologies Private Limited, 4Pi Infotech India Private Limited, Secude Solutions India Private Limited, Sunovaa Tech Private Limited and 5 more, all in the Information Technology industry (Application Development).
Dev Punj ceased to be Additional Director on 20 Aug 2021. Jai Punj ceased to be Additional Director on 20 Aug 2021. Dev Punj was appointed as Director on 27 Jul 2021. Petro IT has 9 board changes on record in total.