About Punjab State Industrial Development Corpn Limited
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Punjab State Industrial Development Corpn Limited is a private limited state government company based in Chandigarh, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 31 January 1966 and has been in existence for over 60 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U70109CH1966SGC002629. Its GSTIN is 04AABCP1599F1ZI (Chandigarh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹78.22 Cr. It is led by directors including Parampal Kaur Sidhu (Managing Director) and Baldeep Kaur.
Its last annual general meeting (AGM) was held on 28 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Udyog Bhawan 18 Himalaya Marg Sector 17, Chandigarh, India – 160017.
As per the financials filed for FY 2022, the company reported a revenue of ₹16.24 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹1.53 Lakh (net margin 0.1%) and EBITDA of ₹15.5 Cr (EBITDA margin 95.4%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 17% over five years.
The company is associated with 1 brand: Cosidici. Court records list 204 cases involving the company, including 59 filed by the company and 145 filed against it; 70 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cosidici.com.
Company details
CIN history
Punjab State Industrial Development Corpn has one previous CIN (Corporate Identification Number): U70109CH1966NPL002629. The current CIN is U70109CH1966SGC002629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70109CH1966SGC002629 | Current |
| U70109CH1966NPL002629 | Previous |
Contact details
Punjab State Industrial Development Corpn Limited's registered office is in Chandigarh, Chandigarh. Its website is cosidici.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUdyog Bhawan 18 Himalaya Marg Sector 17, Chandigarh, India – 160017
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Punjab State Industrial Development Corpn Limited, buy the company report.
- 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
Brands
Punjab State Industrial Development Corpn operates one associated brand: COSIDICI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial development, investment services, and economic planning in India. | cosidici.com |
Business activity
The main business activity of Punjab State Industrial Development Corpn is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Punjab State Industrial Development Corpn Limited, buy the company report.
Financials of Punjab State Industrial Development Corpn Limited
FY 2022 filings availablePunjab State Industrial Development Corpn Limited reported revenue of ₹16.24 Cr (down 42% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 42% fall in the latest year. EBITDA fell 57% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹15.5 Cr | ||||
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| Net Profit (PAT) | ₹1.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.4% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Punjab State Industrial Development Corpn Limited, buy the company report.
Board of directors of Punjab State Industrial Development Corpn Limited
Punjab State Industrial Development Corpn has 5 current directors and 72 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parampal Kaur Sidhu Also directs: Indian Acrylics Limited, Punjab Rural Water Utility | Managing Director | 24 Apr 2023 | 3 Years 6 Months | Current |
| Baldeep Kaur | Nominee Director | 08 Sep 2023 | 3 Years 1 Months | Current |
| Tejveer Singh Also directs: Gulmohar Tourist Complex (Holiday Home)Limited, Neem Chameli Tourist Complex Limited, Ludhiana Smart City Limited and 2 more | Nominee Director | 04 Oct 2023 | 3 Years 1 Months | Current |
| Dp Singh Kharbanda | Nominee Director | 05 Dec 2023 | 2 Years 11 Months | Current |
| Jasvir Singh Also directs: Ram Partap Bansal and Co Limited | Nominee Director | 15 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Punjab State Industrial Development Corpn Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ekagrata Finance Private Limited | ₹16.31 Cr (FY 2024) | 32.0% | Bangalore, Karnataka, India | |||
| Apc Trading & Investment Pvt.Ltd. | ₹16.28 Cr (FY 2024) | 164.0% | Kolkata, West Bengal, India | |||
| Praveen Capital Private Limited | ₹16.25 Cr (FY 2024) | 66.0% | Mangalore, Karnataka, India | |||
| Tycoon Credit & Portfolios Limited | ₹16.24 Cr (FY 2025) | 2349.0% | New Delhi, Delhi, India | |||
| Punjab State Industrial Development Corpn Limitedthis company | ₹16.24 Cr (FY 2022) | ₹1.53 Lakh | 0.1% | -42.0% | Chandigarh, India | |
| Malbros Holdings Private Limited | ₹16.2 Cr (FY 2025) | 125.0% | New Delhi, Delhi, India | |||
| Shroff Securities Pvt. Ltd. | ₹16.18 Cr (FY 2025) | -55.0% | Kolkata, West Bengal, India | |||
| Key Corp Limited | ₹16.18 Cr (FY 2023) | -10.0% | Uttar Pradesh, India |
To see the full peer comparison of Punjab State Industrial Development Corpn Limited, buy the company report.
Auditor
Punjab State Industrial Development Corpn Limited is audited by PREM GARG & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PREM GARG & ASSOCIATES | FY 2021 | 014440N |
Shareholding
The shareholding of Punjab State Industrial Development Corpn Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Punjab State Industrial Development Corpn Limited, buy the company report.
Legal cases
Punjab State Industrial Development Corpn Limited has 204 court cases on record: 59 filed by Punjab State Industrial Development Corpn, 145 filed against it. 70 cases are pending and 134 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 103 | 75 | 43 |
| District courts | 77 | 55 | 24 |
| Supreme Court | 16 | 7 | 3 |
| NCLT | 8 | 8 | 0 |
Cases on record (5 of 204)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1508COMP-Criminal Law : Negotiable Instruments Act, 1881(Matters filed by the State Government/Complainant against acquittals or reduction of sentence)) | Filed by the company against an individual | Pending |
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed by the company against M/S Mehra Bio Chem (P) Ltd and 1 other | Disposed |
| District court, Chandigarh | Execution petition | Filed by the company against M/S Piccadily Sugar and Allied Industries Limited | Pending |
| District court, Chandigarh | Arbitration matter | Filed against the company by M/S Piccadily Sugar and Allied Industries Limited | Pending |
| High Court, CHANDIGARH (UT) | Court case (FAO-CARB) | Filed against the company by M/S Cepham Agencies Private Limited and 1 other | Pending |
To see the full case history of Punjab State Industrial Development Corpn 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 Punjab State Industrial Development Corpn Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Punjab State Industrial Development Corpn has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AABCP1599F1ZI | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Punjab State Industrial Development Corpn Limited, buy the company report.
Recent activity
Punjab State Industrial Development Corpn Limited has 70 board changes on record since 2008: 5 appointments and 65 cessations. The latest: Dp Singh Kharbanda was appointed as Nominee Director on 05 Dec 2023.
61 earlier events are in the company report.
Frequently asked questions
Punjab State Industrial Development Corpn is an active private limited state government company based in Chandigarh, India. The company works in nbfc, within the financial services industry. It was incorporated on 31 January 1966 (60+ years old) and is registered under CIN U70109CH1966SGC002629.
Punjab State Industrial Development Corpn has 5 current directors:
- Parampal Kaur Sidhu - Managing Director
- Baldeep Kaur - Nominee Director
- Tejveer Singh - Nominee Director
- Dp Singh Kharbanda - Nominee Director
- Jasvir Singh - Nominee Director
The latest financial statements of Punjab State Industrial Development Corpn on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 December 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Punjab State Industrial Development Corpn is 04AABCP1599F1ZI, registered in Chandigarh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Punjab State Industrial Development Corpn is U70109CH1966SGC002629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Punjab State Industrial Development Corpn has 204 court cases on record: 59 filed by the company and 145 filed against it. 70 are pending. Most are in the high courts.
Punjab State Industrial Development Corpn was incorporated on 31 January 1966, making it 60+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Punjab State Industrial Development Corpn by revenue are Ekagrata Finance Private Limited, Apc Trading & Investment Pvt.Ltd, Praveen Capital Private Limited, Tycoon Credit & Portfolios Limited, Malbros Holdings Private Limited and 2 more, all in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Dp Singh Kharbanda was appointed as Nominee Director on 05 Dec 2023. Puneet Goyal ceased to be Nominee Director on 05 Dec 2023. Tejveer Singh was appointed as Nominee Director on 04 Oct 2023. Punjab State Industrial Development Corpn has 70 board changes on record in total.
Punjab State Industrial Development Corpn can be reached through the website cosidici.com. Its registered office is in Chandigarh, India.
The registered office of Punjab State Industrial Development Corpn is at Udyog Bhawan 18 Himalaya Marg Sector 17, Chandigarh, India – 160017.
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