MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-14-0007832
Stesalit Systems Limited - electrical in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹34.65 Cr
▲ 11% YoY
Net loss · FY 2025
₹1.47 Lakh
Net margin 0%
EBITDA · FY 2025
₹9.23 Cr
EBITDA margin 26.7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.36 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹18.05 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
89
Provident fund records
About Stesalit Systems Limited
Data last updated:
Stesalit Systems Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 07 December 2010 and has been in existence for over 16 years.
Its director Sudhir Vijay Menon is #338 among India's richest people (2026). Its director Subodh Menon is #602 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31908WB2010PLC155476. Its GSTIN is 19AAPCS0996R1Z2 (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.36 Cr. It is led by directors including Subodh Vijayaraghava Menon and Perumangode Neelkandhan Ramaswamy.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹34.65 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Lakh (net margin 0%) and EBITDA of ₹9.23 Cr (EBITDA margin 26.7%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 5% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: 9Trax and Stesalit. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹18.05 Cr on record. Court records list 19 cases involving the company, including 7 filed by the company and 12 filed against it; 4 cases are pending. The company has 9 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.45 Cr; the latest was in July 2020. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Moback Technologies India Private Limited with revenue of ₹34.94 Cr. The company has 36 MSME Form 1 returns on record between 2017 and 2024, listing 937 overdue payments to 19 micro and small suppliers.
Stesalit Systems Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-14-0007832). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stesalitsystems.com.
Company details
CIN U31908WB2010PLC155476
Registration Number 155476
Incorporation Date 07 December 2010
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-14-0007832
Key People
Subodh Vijayaraghava Menon Director Perumangode Neelkandhan Ramaswamy Director Sudhir Vijay Menon Director Recognitions & Rankings of Stesalit Systems
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #338 Sudhir Vijay Menon ₹11,100 Cr
- #602 Subodh Menon ₹5,600 Cr
Contact details
Stesalit Systems Limited's registered office is in Kolkata, West Bengal. Its website is stesalitsystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressStesalit Towers 1st Floor Plot No. E2 – 3 Block Ep – Gp Salt Lake S, Ector – V, Kolkata, West Bengal, India – 700091
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Transport Equipment, Electrical Equipment
To see the full contact details of Stesalit Systems Limited, buy the company report.
Comprehensive company report
Stesalit Systems 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
Brands
Stesalit Systems operates two associated brands: 9Trax and Stesalit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides GPS tracking devices for monitoring field workers and vehicles. | 9trax.com | |
| IoT and AI solutions are provided by Stesalit for enterprises. | stesalitsystems.com |
Business activity
The main business activity of Stesalit Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Stesalit Systems Limited, buy the company report.
Financials of Stesalit Systems Limited
FY 2025 filings availableStesalit Systems Limited reported revenue of ₹34.65 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹34.65 Cr ▲ 11%
Net loss · FY 2025
₹1.47 Lakh margin 0%
EBITDA · FY 2025
₹9.23 Cr margin 26.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 18%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 26%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 11% growth in the latest year. EBITDA rose 43% 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 | ₹9.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.47 Lakh | ||||
| 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 | 26.7% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Stesalit Systems Limited, buy the company report.
Board of directors of Stesalit Systems Limited
Stesalit Systems has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subodh Vijayaraghava Menon | Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Perumangode Neelkandhan Ramaswamy Also directs: Fobeoz India Private Limited, Dorf-Ketal Chemicals India Limited, Tineta Pharma Private Limited and 5 more | Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Sudhir Vijay Menon | Director | 22 Aug 2023 | 3 Years 2 Months | Current |
| Hemant Khemka Also directs: Stesalit Automation Private Limited, Ste Electricals Private Limited, Stesalit Green Tech Private Limited and 5 more | Director | 07 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Stesalit Systems Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Moback Technologies India Private Limited | ₹34.94 Cr (FY 2024) | 22.0% | Bangalore, Karnataka, India | |||
| Celtic Systems Private Limited | ₹34.81 Cr (FY 2025) | 68.0% | Vadodara, Gujarat, India | |||
| Rage Communications Private Limited | ₹34.8 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| Qburst Systems Private Limited | ₹34.8 Cr (FY 2024) | -38.0% | Vazhuthacaud, Kerala, India | |||
| Mobiquity Softech Private Limited | ₹34.77 Cr (FY 2019) | 62.0% | Thane, Maharashtra, India | |||
| Stesalit Systems Limitedthis company | ₹34.65 Cr (FY 2025) | -₹1.47 Lakh | 0% | 11.0% | 89 | Kolkata, West Bengal, India |
| D-Matrix India Private Limited | ₹34.63 Cr (FY 2025) | 72.0% | Bangalore, Karnataka, India | |||
| Cotelligent (India) Private Limited | ₹34.62 Cr (FY 2025) | -36.0% | Hyderabad, Telangana, India | |||
| Issquared India Private Limited | ₹34.62 Cr (FY 2024) | 13.0% | Hyderabad, Telangana, India | |||
| Ojas Innovative Technologies Private Limited | ₹34.59 Cr (FY 2024) | -28.0% | Hyderabad, Telangana, India | |||
| Accellor Software Private Limited | ₹34.53 Cr (FY 2025) | 16.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Stesalit Systems Limited, buy the company report.
Auditor
Stesalit Systems Limited is audited by B CHHAWCHHARIA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B CHHAWCHHARIA & CO. | FY 2023 | 305123E |
Shareholding
The shareholding of Stesalit Systems Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Stesalit Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹18.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2024 | 100943086 | Others | ₹20 Cr | Open | |
| 10 Aug 2023 | 100779801 | Others | ₹10 Cr | Satisfied | |
| 20 Jan 2016 | 10618228 | State Bank of India | ₹8.05 Cr | Satisfied |
To see the full charge records of Stesalit Systems Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Stesalit Systems Limited has 9 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.45 Cr; the latest was in July 2020.
Total deals
9
Funding rounds
4
Secondary share transfers
3
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹16.45 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Maruna Exports Pvt Ltd Seller: Sapphire Traders Private Limited |
| Aug 2014 | Rights issue | ₹1.86 Cr | Investors: Sapphire Traders Private Limited, Maruna Exports Pvt Ltd , 2 individuals |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: A K Khemka (Huf), 3 individuals Seller: Stesalit Limited , Skygeon Spatial Soluctions Private Limited |
| Jan 2013 | Funding round | ₹1.1 Cr | Investors: Maruna Exports Pvt Ltd , Sapphire Traders Private Limited, Stesalit Limited |
| Dec 2011 | Funding round | ₹1.95 Cr | Investors: Stesalit Limited |
To see the full deal history of Stesalit Systems Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Stesalit Systems Limited has 19 court cases on record: 7 filed by Stesalit Systems, 12 filed against it. 4 cases are pending and 15 are disposed.
Total cases
19
Filed by the company
7
Filed against the company
12
Pending
4
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 9 | 1 |
| District courts | 7 | 3 | 3 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Court case (CO) | Filed by the company against Megaspace IT Solutions Pvt Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Trentar Private Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Trentar Private Limited | Disposed |
| Calcutta High Court | Arbitration matter | Filed against the company by Megaspace IT Solutions Pvt Ltd and Another | Disposed |
| Calcutta High Court | Arbitration matter | Filed against the company by Vision Geo Informatics Pvt Ltd | Disposed |
To see the full case history of Stesalit Systems 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
Stesalit Systems Limited has 36 MSME Form 1 returns on record between 2017 and 2024, listing 937 overdue payments to 19 micro and small suppliers. 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 (5 of 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stesalit Infotech Private Limited | |||
| Mapex AI Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Eteily Technologies India Private Limited |
To see the full MSME payment records of Stesalit Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Stesalit Systems Limited has a workforce of 89 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
89
Active EPFO establishments
1
Employee growth
-11%
GST
Stesalit Systems has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAPCS0996R1Z2 | West Bengal | Active | 01 Jul 2017 |
| 21AAPCS0996R2ZG | Odisha | Active | 25 Jan 2019 |
To see the full GST registrations and return filing status of Stesalit Systems Limited, buy the company report.
Recent activity
Stesalit Systems Limited has 12 board changes on record since 2010: 4 appointments and 8 cessations. The latest: Arun Kumar Khemka ceased to be Director on 01 Apr 2024.
AGM
Stesalit Systems Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Filing
Stesalit Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge registered on 10 Aug 2023 via Charge ID 100779801 with Others was fully satisfied on 10 Sep 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100943086 was registered on 13 Jun 2024.
Ceased
Arun Kumar Khemka ceased to be Director.
Charges
A charge registered on 20 Jan 2016 via Charge ID 10618228 with State Bank Of India was fully satisfied on 06 Dec 2023.
Ceased
Perumangode Neelkandhan Ramaswamy ceased to be Additional Director.
Ceased
Subodh Vijayaraghava Menon ceased to be Additional Director.
Ceased
Sudhir Vijay Menon ceased to be Additional Director.
Appointed
Perumangode Neelkandhan Ramaswamy was appointed as Director.
Appointed
Subodh Vijayaraghava Menon was appointed as Director.
Appointed
Sudhir Vijay Menon was appointed as Director.
9 earlier events are in the company report.
Frequently asked questions
Stesalit Systems is an active public limited company based in Kolkata, West Bengal, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 07 December 2010 (16+ years old) and is registered under CIN U31908WB2010PLC155476.
Stesalit Systems has 4 current directors:
- Subodh Vijayaraghava Menon - Director
- Perumangode Neelkandhan Ramaswamy - Director
- Sudhir Vijay Menon - Director
- Hemant Khemka - Director
The latest financial statements of Stesalit Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Stesalit Systems is 19AAPCS0996R1Z2, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 21AAPCS0996R2ZG (Odisha).
The CIN (Corporate Identification Number) of Stesalit Systems is U31908WB2010PLC155476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stesalit Systems has 19 court cases on record: 7 filed by the company and 12 filed against it. 4 are pending. Most are in the high courts.
Stesalit Systems was incorporated on 07 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Kolkata.
Stesalit Systems has 9 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹16.45 Cr; the latest was in July 2020.
The peers of Stesalit Systems by revenue are Moback Technologies India Private Limited, Celtic Systems Private Limited, Rage Communications Private Limited, Qburst Systems Private Limited, Mobiquity Softech Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Arun Kumar Khemka ceased to be Director on 01 Apr 2024. Perumangode Neelkandhan Ramaswamy ceased to be Additional Director on 15 Sep 2023. Subodh Vijayaraghava Menon ceased to be Additional Director on 15 Sep 2023. Stesalit Systems has 12 board changes on record in total.
Yes, Stesalit Systems is registered as a small enterprise under Udyam registration (number: UDYAM-WB-14-0007832).
Stesalit Systems has 36 MSME Form 1 returns on record between 2017 and 2024, listing 937 overdue payments to 19 micro and small suppliers. The latest return was filed on 30 Apr 2024.