MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0008117
Silver Penny India Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.28 Cr
▼ 7% YoY
Net profit · FY 2025
₹1.27 Cr
Net margin 8.9%
EBITDA · FY 2025
₹2.23 Cr
EBITDA margin 15.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹24.66 Lakh
Issued & subscribed
Open charges
₹4.07 Cr
Satisfied ₹6 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
8
Provident fund records
About Silver Penny India Private Limited
Data last updated:
Silver Penny India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Black Pearl Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 05 August 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA1998PTC024045. Its GSTIN is 29AADCS6245H2Z3 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹24.66 Lakh. It was formerly known as Silver Kumaran Software Private Limited and Silver Software Systems (Asia) Private Limited. It is led by directors Senthil Kumaran (Managing Director) and Parminder Singh.
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 23 & 24 Epip 1st Phase Kaidb White Field Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.28 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.27 Cr (net margin 8.9%) and EBITDA of ₹2.23 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 10% over five years.
The company has about 8 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4.07 Cr and satisfied charges of ₹6 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending.
Silver Penny India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0008117). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website silver-software.com.
Company details
CIN U70100KA1998PTC024045
Registration Number 024045
Incorporation Date 05 August 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Black Pearl Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0008117
Name history
Silver Penny India has undergone 3 name changes throughout its history. The company was previously known as Silver Kumaran Software Private Limited, Silver Software Systems (Asia) Private Limited, and Silver Penny India Private Limited. The current legal name is Silver Penny India Private Limited.
| Company Name | Status |
|---|---|
| Silver Penny India Private Limited | Current |
| Silver Kumaran Software Private Limited | Previous |
| Silver Software Systems (Asia) Private Limited | Previous |
CIN history
Silver Penny India has one previous CIN (Corporate Identification Number): U72200KA1998PTC024045. The current CIN is U70100KA1998PTC024045, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100KA1998PTC024045 | Current |
| U72200KA1998PTC024045 | Previous |
Recognitions & Rankings of Silver Penny India
Contact details
Silver Penny India Private Limited's registered office is in Bangalore, Karnataka. Its website is silver-software.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23 & 24 Epip 1st Phase Kaidb White Field Bangalore, Karnataka, India – 560066
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Silver Penny India Private Limited, buy the company report.
Comprehensive company report
Silver Penny 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Silver Penny India is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Silver Penny India Private Limited, buy the company report.
Financials of Silver Penny India Private Limited
FY 2025 filings availableSilver Penny India Private Limited reported revenue of ₹14.28 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹14.28 Cr ▼ 7%
Net profit · FY 2025
₹1.27 Cr margin 8.9%
EBITDA · FY 2025
₹2.23 Cr margin 15.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 27%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 32%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 32% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.27 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | ||||
| Net Profit Margin | 8.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Silver Penny India Private Limited, buy the company report.
Board of directors of Silver Penny India Private Limited
Silver Penny India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parminder Singh Also directs: Sanflora Farms LLP, Real Pearl Management and Consultants LLP | Director | 05 Aug 1998 | 28 Years 2 Months | Current |
| Senthil Kumaran Also directs: Real Pearl Management and Consultants LLP, Pearl Drop Agro Farms LLP, Spaceart Pearl Infraparks and Logistics 1 LLP and 2 more | Managing Director | 21 Sep 1998 | 28 Years 1 Months | Current |
Peer comparison
Silver Penny India Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanishka City Hood Private Limited | ₹14.36 Cr (FY 2023) | 98342.0% | New Delhi, Delhi, India | |||
| Bsi Business Park Private Limited | ₹14.35 Cr (FY 2025) | 11.0% | Noida, Uttar Pradesh, India | |||
| Bizzhub Ventures Private Limited | ₹14.29 Cr (FY 2024) | 13.0% | Bangalore, Karnataka, India | |||
| Silver Penny India Private Limitedthis company | ₹14.28 Cr (FY 2025) | ₹1.27 Cr | 8.9% | -7.0% | 8 | Bangalore, Karnataka, India |
| Six Sigma Infrastructure Providers Private Limited | ₹14.27 Cr (FY 2025) | 647.0% | New Delhi, Delhi, India | |||
| Rally Infra Private Limited | ₹14.26 Cr (FY 2024) | -23.0% | New Delhi, Delhi, India | |||
| Cello Household Appliances Private Limited | ₹14.23 Cr (FY 2025) | 12.0% | Daman, Daman and Diu, India | |||
| Mudita Properties Private Limited | ₹14.23 Cr (FY 2022) | 89.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Silver Penny India Private Limited, buy the company report.
Auditor
Silver Penny India Private Limited is audited by T.Murali & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.Murali & Co. | FY 2022 | 002175S |
Shareholding
The shareholding of Silver Penny 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Silver Penny India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.07 Cr
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2005 | 80030053 | Corporation Bank | ₹4.07 Cr | Open | |
| 24 Nov 2015 | 10609539 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Silver Penny India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Silver Penny India Private Limited has 8 court cases on record: 2 filed by Silver Penny India, 6 filed against it. 2 cases are pending and 6 are disposed.
Total cases
8
Filed by the company
2
Filed against the company
6
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 6 | 2 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Court case (RFA-COM) | Filed by the company against Nayar Advanced Defence Systems Private Limited and Ors | Pending |
| High Court of Punjab and Haryana | Court case (RFA-COM) | Filed against the company by M/S Nayar Advance Defence System Pvt Limited Through Rajbir Nayar | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed against the company by Nayar Advance Defence Systems and Another and 1 other | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner Income Tax -6 | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-6 | Disposed |
To see the full case history of Silver Penny 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
Silver Penny India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment 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 |
|---|---|---|---|
| Network Detective Agency Private Limited |
To see the full MSME payment records of Silver Penny India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Silver Penny India has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Xurmo Technologies Private Limited | U72200KA2009PTC049860 |
To see the full group structure of Silver Penny India Private Limited, buy the company report.
Employees & EPFO
Silver Penny India Private Limited has a workforce of 8 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
60%
GST
Silver Penny India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCS6245H2Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Silver Penny India Private Limited, buy the company report.
Recent activity
Silver Penny India Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Ravindran Srinivasan ceased to be Additional Director on 30 Sep 2019.
AGM
Silver Penny India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Silver Penny India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ravindran Srinivasan ceased to be Additional Director.
Charges
A charge registered on 24 Nov 2015 via Charge ID 10609539 with Others was fully satisfied on 06 Jun 2019.
Charges
A charge with Others of Rs. 6.00 Cr registered on 24 Nov 2015 with Charge ID 10609539 was modified on 30 Jun 2016.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 10609539 was registered on 24 Nov 2015.
Charges
A charge with Corporation Bank of Rs. 4.07 Cr registered on 12 Sep 2005 with Charge ID 80030053 was modified on 31 Dec 2010.
Charges
A charge with Corporation Bank amounted to Rs. 4.07 Cr with Charge ID 80030053 was registered on 12 Sep 2005.
Appointed
Senthil Kumaran was appointed as Managing Director.
Appointed
Parminder Singh was appointed as Director.
Incorporation
05 Aug 1998
Silver Penny India Private Limited was registered on 05 Aug 1998 with Roc Bangalore & aged 28 years 2 months as per MCA records.
Frequently asked questions
Silver Penny India is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate financing, within the financial services industry. It was incorporated on 05 August 1998 (28+ years old) and is registered under CIN U70100KA1998PTC024045.
Silver Penny India has 2 current directors:
- Senthil Kumaran - Managing Director
- Parminder Singh - Director
The latest financial statements of Silver Penny India 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 Silver Penny India is 29AADCS6245H2Z3, registered in Karnataka. 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 Silver Penny India is U70100KA1998PTC024045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silver Penny India has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Silver Penny India was incorporated on 05 August 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Silver Penny India by revenue are Kanishka City Hood Private Limited, Bsi Business Park Private Limited, Bizzhub Ventures Private Limited, Six Sigma Infrastructure Providers Private Limited, Rally Infra Private Limited and 2 more, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Ravindran Srinivasan ceased to be Additional Director on 30 Sep 2019. Senthil Kumaran was appointed as Managing Director on 21 Sep 1998. Parminder Singh was appointed as Director on 05 Aug 1998.
Yes, Silver Penny India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0008117).
Silver Penny India has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 22 May 2019.
Silver Penny India can be reached through the website silver-software.com. Its registered office is in Bangalore, Karnataka, India.