MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-06-0016220
Placewell Systems and Solutions Private Limited - information technology in Siliguri, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.69 Cr
▼ 15% YoY
Net profit · FY 2024
₹12.08 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹27.56 Lakh
EBITDA margin 1.3%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹27.5 Lakh
Issued & subscribed
Open charges
₹6 Cr
Satisfied ₹42.28 Lakh
Company age
27 yrs
Est. 1999
Directors on board
2
As per MCA filings
About Placewell Systems and Solutions Private Limited
Data last updated:
Placewell Systems and Solutions Private Limited is a private limited company based in Siliguri, West Bengal, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 11 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72400WB1999PTC090042. Its GSTIN is 19AADCP0931H1ZJ (West Bengal).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹27.5 Lakh. It is led by directors Nisha Agarwal and Manish Agarwal.
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 Mallick Complex Beside Vinayak Hotel Hillcart Road, Siliguri, West Bengal, India – 734001.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.69 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹12.08 Lakh (net margin 0.6%) and EBITDA of ₹27.56 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹42.28 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
Placewell Systems and Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-06-0016220). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website placewellretail.com.
Company details
CIN U72400WB1999PTC090042
Registration Number 090042
Incorporation Date 11 August 1999
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-06-0016220
Key People
Nisha Agarwal Director Manish Agarwal Director Recognitions & Rankings of Placewell Systems and Solutions
Contact details
Placewell Systems and Solutions Private Limited's registered office is in Siliguri, West Bengal. Its website is placewellretail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMallick Complex Beside Vinayak Hotel Hillcart Road, Siliguri, West Bengal, India – 734001
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Placewell Systems and Solutions Private Limited, buy the company report.
Comprehensive company report
Placewell Systems and 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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Business activity
The main business activity of Placewell Systems and Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Placewell Systems and Solutions Private Limited, buy the company report.
Financials of Placewell Systems and Solutions Private Limited
FY 2025 filings availablePlacewell Systems and Solutions Private Limited reported revenue of ₹20.69 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹20.69 Cr ▼ 15%
Net profit · FY 2024
₹12.08 Lakh margin 0.6%
EBITDA · FY 2024
₹27.56 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 2%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 6%
5 years · compounded
▼ 6%
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 23% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹27.56 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.08 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 1.3% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Placewell Systems and Solutions Private Limited, buy the company report.
Board of directors of Placewell Systems and Solutions Private Limited
Placewell Systems and Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Agarwal | Director | 02 Jun 2015 | 11 Years 5 Months | Current |
| Manish Agarwal | Director | 11 Aug 1999 | 27 Years 2 Months | Current |
Peer comparison
Placewell Systems and Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Electronic Goods, IT Products Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Star Point Technology Private Limited | ₹20.81 Cr (FY 2024) | 16.0% | Noida, Uttar Pradesh, India | |||
| Breatheeasy Consultants Private Limited | ₹20.75 Cr (FY 2024) | 25.0% | New Delhi, Delhi, India | |||
| Placewell Systems and Solutions Private Limitedthis company | ₹20.69 Cr (FY 2024) | ₹12.08 Lakh | 0.6% | -15.0% | Siliguri, West Bengal, India | |
| Systech Technocraft Services Private Limited | ₹20.69 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Iris Securx Private Limited | ₹20.68 Cr (FY 2019) | -96.0% | New Delhi, Delhi, India |
To see the full peer comparison of Placewell Systems and Solutions Private Limited, buy the company report.
Auditor
Placewell Systems and Solutions Private Limited is audited by R N GOYAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R N GOYAL & CO | FY 2020 | 309128E |
Shareholding
The shareholding of Placewell Systems and Solutions Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Placewell Systems and Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6 Cr
Satisfied charges
₹42.28 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jan 2024 | 100912564 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 10 Mar 2023 | 100774730 | Hdfc Bank Limited | ₹1.6 Cr | Open | |
| 31 Jul 2014 | 10516079 | Indusind Bank Ltd. | ₹50 Lakh | Open | |
| 09 May 2005 | 90370861 | Indusind Bank Ltd. | ₹3.4 Cr | Open | |
| 01 Dec 2004 | 90370830 | United Bank of India | ₹42.28 Lakh | Satisfied |
To see the full charge records of Placewell Systems and Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Placewell Systems and Solutions Private Limited has 2 court cases on record: 2 filed by Placewell Systems and Solutions. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Darjeeling, West Bengal | Court case (C R Case) | Filed by the company against an individual | Disposed |
| District court, Darjeeling, West Bengal | Court case (C R Case) | Filed by the company against an individual | Disposed |
To see the full case history of Placewell Systems and Solutions Private Limited, 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 Placewell Systems and Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Placewell Systems and Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCP0931H1ZJ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Placewell Systems and Solutions Private Limited, buy the company report.
Recent activity
Placewell Systems and Solutions Private Limited has 6 board changes on record since 1999: 2 appointments and 4 cessations. The latest: Nisha Agarwal ceased to be Additional Director on 30 Sep 2015.
AGM
Placewell Systems And Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Placewell Systems And Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 Lakh with Charge ID 100912564 was registered on 25 Jan 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 160.00 Lakh registered on 10 Mar 2023 with Charge ID 100774730 was modified on 25 Jan 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 160.00 Lakh with Charge ID 100774730 was registered on 10 Mar 2023.
Charges
A charge registered on 01 Dec 2004 via Charge ID 90370830 with United Bank Of India was fully satisfied on 17 May 2016.
Charges
A charge with Indusind Bank Ltd. of Rs. 340.00 Lakh registered on 09 May 2005 with Charge ID 90370861 was modified on 19 Nov 2015.
Ceased
Nisha Agarwal ceased to be Additional Director.
Appointed
Nisha Agarwal was appointed as Director.
Ceased
Mahesh Kumar Agarwal ceased to be Director.
Charges
A charge with Indusind Bank Ltd. amounted to Rs. 50.00 Lakh with Charge ID 10516079 was registered on 31 Jul 2014.
Ceased
Amit Kumar Vohra ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Placewell Systems and Solutions is an active private limited company based in Siliguri, West Bengal, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 11 August 1999 (27+ years old) and is registered under CIN U72400WB1999PTC090042.
Placewell Systems and Solutions has 2 current directors:
- Nisha Agarwal - Director
- Manish Agarwal - Director
The latest financial statements of Placewell Systems and 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 2015 are in the company report.
The GSTIN of Placewell Systems and Solutions is 19AADCP0931H1ZJ, registered in West Bengal.
The CIN (Corporate Identification Number) of Placewell Systems and Solutions is U72400WB1999PTC090042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Placewell Systems and Solutions has 2 court cases on record: 2 filed by the company.
Placewell Systems and Solutions was incorporated on 11 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Placewell Systems and Solutions by revenue are Star Point Technology Private Limited, Breatheeasy Consultants Private Limited, Systech Technocraft Services Private Limited, Iris Securx Private Limited, all in the Information Technology industry (Electronic Goods, IT Products Retail and Distribution), with the same principal business activity (retail trading).
Nisha Agarwal ceased to be Additional Director on 30 Sep 2015. Nisha Agarwal was appointed as Director on 02 Jun 2015. Mahesh Kumar Agarwal ceased to be Director on 24 May 2015. Placewell Systems and Solutions has 6 board changes on record in total.
Yes, Placewell Systems and Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-WB-06-0016220).
Placewell Systems and Solutions can be reached through the website placewellretail.com. Its registered office is in Siliguri, West Bengal, India.
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