MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0014078
_PRIVATE_LIMITED.webp)
Precision Operations System (India) Private Limited - aerospace, maritime and defense in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.48 Cr
▼ 22% YoY
Net profit · FY 2024
₹7.23 Lakh
Net margin 0.9%
EBITDA · FY 2024
₹2.76 Cr
EBITDA margin 32.6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹2.32 Cr
Issued & subscribed
Open charges
₹35.5 Cr
Secured borrowings
Company age
37 yrs
Est. 1989
Directors on board
2
As per MCA filings
About Precision Operations System (India) Private Limited
Data last updated:
Precision Operations System (India) Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 15 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29290MH1989PTC054646. Its GSTIN is 27AAACP3748B1ZO (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.32 Cr. It is led by directors Kirit Nanani Manilal (Managing Director) and Rajkumar Shivswaroop Pandey.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 465 Road No.28 Wagle Industrial Estate Thane – 400604, Maharashtra, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.48 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹7.23 Lakh (net margin 0.9%) and EBITDA of ₹2.76 Cr (EBITDA margin 32.6%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹35.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Precision Operations System (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0014078). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website posipl.com.
Company details
CIN U29290MH1989PTC054646
Registration Number 054646
Incorporation Date 15 December 1989
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0014078
Recognitions & Rankings of Precision Operations System (India)
Contact details
Precision Operations System (India) Private Limited's registered office is in Thane, Maharashtra. Its website is posipl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 465 Road No.28 Wagle Industrial Estate Thane – 400604, Maharashtra, India
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
To see the full contact details of Precision Operations System (India) Private Limited, buy the company report.
Comprehensive company report
Precision Operations System (India) 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 activities of Precision Operations System (India) are trade and professional, scientific and technical. In detail, this covers retail trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Precision Operations System (India) Private Limited, buy the company report.
Financials of Precision Operations System (India) Private Limited
FY 2024 filings availablePrecision Operations System (India) Private Limited reported revenue of ₹8.48 Cr (down 22% YoY) for FY 2024.
Revenue · FY 2024
₹8.48 Cr ▼ 22%
Net profit · FY 2024
₹7.23 Lakh margin 0.9%
EBITDA · FY 2024
₹2.76 Cr margin 32.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 2%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 4%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 22% fall in the latest year. EBITDA fell 4% 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.23 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.6% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Precision Operations System (India) Private Limited, buy the company report.
Board of directors of Precision Operations System (India) Private Limited
Precision Operations System (India) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajkumar Shivswaroop Pandey Also directs: Aim Global Solutions Limited, R K Traffic and Forensic Aids Private Limited, Stoplik Services (India) Pvt Ltd and 1 more | Director | 01 Jun 1996 | 30 Years 5 Months | Current |
| Kirit Nanani Manilal | Managing Director | 15 Dec 1989 | 36 Years 10 Months | Current |
Auditor
Precision Operations System (India) Private Limited is audited by A J K R & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A J K R & ASSOCIATES | FY 2022 | 000516N |
Shareholding
The shareholding of Precision Operations System (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precision Operations System (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2020 | 100351154 | Others | ₹75 Lakh | Open | |
| 30 Nov 2016 | 100074843 | Idbi Bank Limited | ₹16.25 Cr | Open | |
| 24 Feb 2015 | 10585388 | Dewan Housing Finance Corporation Limited | ₹3.5 Cr | Open | |
| 03 Nov 2003 | 80011075 | Dena Bank | ₹15 Cr | Open |
To see the full charge records of Precision Operations System (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Precision Operations System (India) Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revision Application ULP) | Filed against the company by an individual | Disposed |
To see the full case history of Precision Operations System (India) 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 Precision Operations System (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Precision Operations System (India) has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP3748B1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Precision Operations System (India) Private Limited, buy the company report.
Recent activity
Precision Operations System (India) Private Limited has 7 board changes on record since 1989: 2 appointments and 5 cessations. The latest: Ajit Kalyanji Chheda ceased to be Director on 03 May 2023.
AGM
Precision Operations System (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Precision Operations System (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ajit Kalyanji Chheda ceased to be Director.
Ceased
Brindaban Rupai Gupta ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100351154 was registered on 14 Jul 2020.
Ceased
Jagdish Dilsukhrai Purohit ceased to be Director.
Charges
A charge with Dena Bank of Rs. 15.00 Cr registered on 03 Nov 2003 with Charge ID 80011075 was modified on 06 Apr 2018.
Charges
A charge with Idbi Bank Limited amounted to Rs. 16.25 Cr with Charge ID 100074843 was registered on 30 Nov 2016.
Charges
A charge with Dewan Housing Finance Corporation Limited amounted to Rs. 3.50 Cr with Charge ID 10585388 was registered on 24 Feb 2015.
Ceased
Manjit Singh Dugal ceased to be Director.
Ceased
Ratnakar Bangra Kulur Rao ceased to be Director.
Charges
A charge with Dena Bank amounted to Rs. 15.00 Cr with Charge ID 80011075 was registered on 03 Nov 2003.
3 earlier events are in the company report.
Frequently asked questions
Precision Operations System (India) is an active private limited company based in Thane, Maharashtra, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 15 December 1989 (37+ years old) and is registered under CIN U29290MH1989PTC054646.
Precision Operations System (India) has 2 current directors:
- Kirit Nanani Manilal - Managing Director
- Rajkumar Shivswaroop Pandey - Director
The latest financial statements of Precision Operations System (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Precision Operations System (India) is 27AAACP3748B1ZO, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Precision Operations System (India) is U29290MH1989PTC054646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Operations System (India) has 2 court cases on record: 2 filed against it. 1 is pending.
Precision Operations System (India) was incorporated on 15 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Ajit Kalyanji Chheda ceased to be Director on 03 May 2023. Brindaban Rupai Gupta ceased to be Additional Director on 03 May 2023. Jagdish Dilsukhrai Purohit ceased to be Director on 21 May 2019. Precision Operations System (India) has 7 board changes on record in total.
Yes, Precision Operations System (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0014078).
Precision Operations System (India) can be reached through the website posipl.com. Its registered office is in Thane, Maharashtra, India.
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