About Piesting Services Private Limited
Data last updated:
Piesting Services Private Limited is a private limited company based in Bhubaneswar, Odisha, India, recognised as a startup by DPIIT. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 02 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74999OR2018PTC028805. Its GSTIN is 21AAJCP8490M1ZV (Odisha).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors Saswati Mishra and Chinmaya Chintan Prusty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mr – 29 Maruti Residency Raghunathpur, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.31 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹2.84 Lakh (net margin 11.7%) and EBITDA of ₹3 Lakh (EBITDA margin 12.4%). Revenue has declined at a compounded annual rate (CAGR) of 77% over three years and 35% over five years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: In2IT EBS and Piesting Services. As per MCA filings, the company has open charges of ₹1.5 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
For more details, the company can be reached via its website piesting.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMr – 29 Maruti Residency Raghunathpur, Bhubaneswar, Odisha, India – 751024
- IndustryTravel and Hospitality, Consumer Professional Services
- 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 Piesting Services Private Limited
The main business activity of Piesting Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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 Piesting Services Private Limited FY 2024 filings available
Piesting Services Private Limited reported revenue of ₹24.31 Lakh (down 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Piesting Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 43% fall in the latest year. EBITDA fell 43% 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 Piesting Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.84 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 Piesting Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.7% | •••• | •••• | •••• | •••• |
| 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 Piesting Services are in the company report.
Financial statements from FY 2019
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 Piesting Services Private Limited
Piesting Services Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JHM Services Private Limited | ₹24.36 Lakh (FY 2019) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Auro Associate Consultants Private Limited | ₹24.35 Lakh (FY 2025) | •••• | •••• | -18.0% | •••• | Puducherry, India |
| Lorven Therapeutics Private Limited | ₹24.35 Lakh (FY 2023) | •••• | •••• | 220.0% | •••• | Srikakulam, Andhra Pradesh, India |
| Jia Business Solutions (OPC) Private Limited | ₹24.34 Lakh (FY 2024) | •••• | •••• | 31.0% | •••• | Ernakulam, Kerala, India |
| NKP Consultants Private Limited | ₹24.31 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | New Delhi, Delhi, India |
| Piesting Services Private Limited this company | ₹24.31 Lakh (FY 2024) | •••• | •••• | -43.0% | •••• | Bhubaneswar, Odisha, India |
| Tiecon Leasing and Investments Pvt Ltd | ₹24.3 Lakh (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| MMV Consultants Private Limited | ₹24.3 Lakh (FY 2018) | •••• | •••• | •••• | Kalyan, Maharashtra, India | |
| Property Share Property Management Private Limited | ₹24.29 Lakh (FY 2019) | •••• | •••• | 106.0% | •••• | Bangalore, Karnataka, India |
| Northstar Associates Private Limited | ₹24.24 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Nashik, Maharashtra, India |
| Infinity Sales & Distribution Private Limited | ₹24.24 Lakh (FY 2020) | •••• | •••• | •••• | Jodhpur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Piesting Services by revenue in the Outsourcing industry (Consulting Services), 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 Piesting Services Private Limited
Piesting Services Private Limited is audited by VGSM & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VGSM & ASSOCIATES | 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 Piesting Services Private Limited
Piesting Services 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 |
|---|---|---|---|---|
| Saswati Mishra Also directs: Etengy Private Limited | Director | 05 May 2022 | 4 Years 5 Months | Current |
| Chinmaya Chintan Prusty | Director | 02 May 2018 | 8 Years 5 Months | Current |
Ownership and Shareholding of Piesting Services Private 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 Piesting Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Feb 2021 | Others | ₹1.5 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Piesting Services Private Limited
Piesting Services Private Limited has 5 court cases on record: 1 filed by Piesting Services, 4 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 4 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by In2it Technologies Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by In2it Technologies Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (E) (COMM.)) | Filed against the company by In2it Technologies Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against In2it Technologies Private Limited | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Piesting Services Private Limited
Piesting Services Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Na | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Piesting Services Private Limited
Piesting Services operates two associated brands: In2IT EBS and Piesting Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers SAP implementation, cloud migration, and IT consulting services globally. | in2itebs.com | |
| Offers diversified management consulting services to businesses. | piesting.com |
Employees and EPFO Compliance at Piesting Services Private Limited
Piesting Services Private Limited has a workforce of 14 employees as of Apr 05, 2024.
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.
Group Structure of Piesting Services Private Limited
Piesting Services has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Etengy Private Limited | U40300OR2018PTC029188 | Locked |
| In2it Enterprise Business Services Private Limited | U72900KA2016PTC147788 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Piesting Services Private Limited
Piesting Services Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Manoj Kumar Mohanty ceased to be Director on 03 Jun 2022.
Credit Ratings, Litigation & Regulatory Alerts for Piesting Services 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.
Subsidiaries & Group Companies of Piesting Services 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 Piesting Services Private Limited
Piesting Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAJCP8490M1ZV | Odisha | Active | 23 May 2018 |
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 Piesting Services 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 Piesting Services Private Limited
Piesting Services is an active private limited company based in Bhubaneswar, Odisha, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 02 May 2018 (8+ years old) and is registered under CIN U74999OR2018PTC028805.
Piesting Services reported revenue of ₹24.31 Lakh for FY 2024 (down 43% YoY).
Piesting Services has 2 current directors:
- Saswati Mishra - Director
- Chinmaya Chintan Prusty - Director
Piesting Services reported a net profit of ₹2.84 Lakh (net margin 11.7%) and EBITDA of ₹3 Lakh (EBITDA margin 12.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Piesting Services is -77% over three years and -35% over five years. In the latest year (FY 2024) revenue fell 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Piesting Services is 21AAJCP8490M1ZV, registered in Odisha.
The CIN (Corporate Identification Number) of Piesting Services is U74999OR2018PTC028805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Piesting Services has 5 court cases on record: 1 filed by the company and 4 filed against it.
Piesting Services was incorporated on 02 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Piesting Services by revenue are JHM Services Private Limited, Auro Associate Consultants Private Limited, Lorven Therapeutics Private Limited, Jia Business Solutions (OPC) Private Limited, NKP Consultants Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Manoj Kumar Mohanty ceased to be Director on 03 Jun 2022. Saswati Mishra was appointed as Director on 05 May 2022. Chinmaya Chintan Prusty was appointed as Director on 02 May 2018.
Yes, Piesting Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).