Primoris Systems India Private Limited

Primoris Systems India Private Limited - information technology in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U72300TZ2015PTC021308 Incorporated 20 April 2015 ROC Coimbatore HQ Coimbatore, Tamil Nadu, India
Active Private Limited Company information technology
Data last updated
Revenue · FY 2022
₹1.52 Cr
▲ 406% YoY
Net profit · FY 2022
₹47.99 Lakh
Net margin 31.7%
EBITDA · FY 2022
₹56.44 Lakh
EBITDA margin 37.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
38
Provident fund records
Directors on board
2
As per MCA filings

About Primoris Systems India Private Limited

Data last updated:

Primoris Systems India Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 April 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72300TZ2015PTC021308. Its GSTIN is 33AAICP0837F1ZN (Tamil Nadu).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors Saraswathi Bakireddy and Bakireddy Jayarami Reddy.

Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Tower 1A Third Floor India Land Tech Park, Coimbatore, Tamil Nadu.

As per the financials filed for FY 2022, the company reported a revenue of ₹1.52 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹47.99 Lakh (net margin 31.7%) and EBITDA of ₹56.44 Lakh (EBITDA margin 37.2%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 4% over five years.

The company has about 38 employees on its provident fund (EPFO) records.

Court records list 2 cases involving the company, including 2 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 primorissystems.com.

Company Details of Primoris Systems India Private Limited
CIN U72300TZ2015PTC021308
Registration Number 021308
Incorporation Date 20 April 2015
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    Tower 1A Third Floor India Land Tech Park Kgisl Infra SEZ Chil SEZ Road Saravana, Mpatti, Coimbatore, Tamil Nadu, India – 641035
  • Industry
    Information Technology, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Primoris Systems India Private Limited in one report.

Financials from FY 2016 Directors & ownership Charges & compliance

Business Activity of Primoris Systems India Private Limited

The main business activity of Primoris Systems India is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Primoris Systems India Private Limited FY 2022 filings available

Primoris Systems India Private Limited reported revenue of ₹1.52 Cr (up 406% YoY) for FY 2022.

Revenue · FY 2022
₹1.52 Cr ▲ 406%
Net profit · FY 2022
₹47.99 Lakh margin 31.7%
EBITDA · FY 2022
₹56.44 Lakh margin 37.2%

Compounded Annual Growth Rate (CAGR) of Primoris Systems India Private Limited

Revenue CAGR growth
1 year
▲ 406%
3 years · compounded
▲ 20%
5 years · compounded
▼ 4%
EBITDA CAGR growth
3 years · compounded
▲ 120%
5 years · compounded
▲ 93%

Revenue rose 406% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. 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 Primoris Systems India Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
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₹56.44 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹47.99 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 Primoris Systems India Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin37.2%••••••••••••••••
Net Profit Margin31.7%••••••••••••••••
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 Primoris Systems India are in the company report.

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Financial statements from FY 2016

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Peer Comparison of Primoris Systems India Private Limited

Primoris Systems India Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Listed Dotfans Private Limited₹1.52 Cr (FY 2024)••••••••159.0%••••Delhi, India
Hannibal Technolabs Private Limited₹1.52 Cr (FY 2024)••••••••26.0%••••Ahmedabad, Gujarat, India
Dharam Motion and Automation Private Limited₹1.52 Cr (FY 2025)••••••••254.0%••••Jalandhar, Punjab, India
Tecofize Private Limited₹1.52 Cr (FY 2025)••••••••-19.0%••••Chennai, Tamil Nadu, India
Arride Technologies Private Limited₹1.52 Cr (FY 2025)••••••••-47.0%••••Nagpur, Maharashtra, India
Primoris Systems India Private Limited this company₹1.52 Cr (FY 2022)••••••••406.0%••••Coimbatore, Tamil Nadu, India
Jta Consultants Private Limited₹1.52 Cr (FY 2025)••••••••47.0%••••Meerut, Uttar Pradesh, India
Unienrol Guru Tech Private Limited₹1.52 Cr (FY 2025)••••••••322.0%••••Chandigarh, India
Digital Savants Private Limited₹1.52 Cr (FY 2024)••••••••-14.0%••••Hyderabad, Telangana, India
Clonetab Softsolutions Private Limited₹1.51 Cr (FY 2025)••••••••39.0%••••Hyderabad, Telangana, India
Cyquent India Private Limited₹1.51 Cr (FY 2025)••••••••-5.0%••••Pune, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Primoris Systems India by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Primoris Systems India Private Limited

Primoris Systems India Private Limited is audited by G A S P & ASSOCIATES for the financial year 2021.

NameStatusAppointment DateCessation Date
G A S P & ASSOCIATESLockedLockedLocked
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Board of Directors of Primoris Systems India Private Limited

Primoris Systems India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Saraswathi BakireddyDirector11 May 20206 Years 4 MonthsCurrent
Bakireddy Jayarami ReddyDirector11 May 20206 Years 4 MonthsCurrent

Ownership and Shareholding of Primoris Systems India Private Limited

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Charges & Borrowings of Primoris Systems India Private Limited

Primoris Systems India Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Primoris Systems India Private Limited

Primoris Systems India Private Limited has a workforce of 38 employees as of Apr 06, 2024.

Employee count
38
Active EPFO establishments
1
Employee growth
5.56%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Primoris Systems India Private Limited

Primoris Systems India Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Jayashree Krishnamurthy ceased to be Director on 10 Mar 2023.

Ceased
Jayashree Krishnamurthy ceased to be Director.
Ceased
Muthu Velayutham Sankaranarayanan ceased to be Managing Director.
AGM
Primoris Systems India Private Limited last Annual general meeting of members was held on 26 Sep 2022 as per latest MCA records.
Filing
Primoris Systems India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Coimbatore.
Ceased
Shanmugam Sathiyaseelan ceased to be Additional Director.
Ceased
Savandapur Ravichandran Vikram ceased to be Additional Director.
Appointed
Bakireddy Jayarami Reddy was appointed as Director.
Appointed
Saraswathi Bakireddy was appointed as Director.
Incorporation
20 Apr 2015
Primoris Systems India Private Limited was registered on 20 Apr 2015 with Roc Coimbatore & aged 11 years 5 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Primoris Systems India Private Limited

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MSME Payment Delays by Primoris Systems India Private Limited

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Subsidiaries & Group Companies of Primoris Systems India Private Limited

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GST Compliance of Primoris Systems India Private Limited

Primoris Systems India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AAICP0837F1ZNTamil NaduActive01 Jul 2017
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MCA Filings & Documents of Primoris Systems India Private Limited

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Frequently Asked Questions about Primoris Systems India Private Limited

Primoris Systems India is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 April 2015 (11+ years old) and is registered under CIN U72300TZ2015PTC021308.

Primoris Systems India reported revenue of ₹1.52 Cr for FY 2022 (up 406% YoY).

Primoris Systems India has 2 current directors:

Primoris Systems India reported a net profit of ₹47.99 Lakh (net margin 31.7%) and EBITDA of ₹56.44 Lakh (EBITDA margin 37.2%) for FY 2022, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Primoris Systems India is 20% over three years and -4% over five years. In the latest year (FY 2022) revenue rose 406%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Primoris Systems India is 33AAICP0837F1ZN, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of Primoris Systems India is U72300TZ2015PTC021308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Primoris Systems India has 2 court cases on record: 2 filed against it.

Primoris Systems India was incorporated on 20 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.

The peers of Primoris Systems India by revenue are Listed Dotfans Private Limited, Hannibal Technolabs Private Limited, Dharam Motion and Automation Private Limited, Tecofize Private Limited, Arride Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).

Jayashree Krishnamurthy ceased to be Director on 10 Mar 2023. Muthu Velayutham Sankaranarayanan ceased to be Managing Director on 10 Mar 2023. Shanmugam Sathiyaseelan ceased to be Additional Director on 30 Sep 2021. Primoris Systems India has 6 board changes on record in total.

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