About Systech IT Solutions Limited
Data last updated:
Systech IT Solutions Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 20 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PLC053310. Its GSTIN is 29AARCS1741C1Z9 (Karnataka). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.93 Cr. It is led by directors including Abhishek Jain (Managing Director) and Vinit Kothari.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹911.91 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹10.14 Cr (net margin 1.1%) and EBITDA of ₹30.5 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 22% over five years.
The company has about 45 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹182.81 Cr and satisfied charges of ₹55.25 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 3 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.15 Cr; the latest was in March 2024. Its 10 peer companies in the Information Technology industry (IT Products Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is PDRS Multitrade Private Limited with revenue of ₹1,022.49 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website systechitsolutions.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No H – 04 4th Floor Solus No 2, 8/9 No 23 Pid No 48 – 74 – 2 1st Cross Jc Road, Bangalore, Karnataka, India – 560027
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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 of Systech IT Solutions Limited
The main business activity of Systech IT Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Systech IT Solutions Limited FY 2024 filings available
Systech IT Solutions Limited reported revenue of ₹911.91 Cr (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Systech IT Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 20% growth in the latest year. EBITDA rose 58% 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 of Systech IT Solutions Limited
| 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 | ₹30.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.14 Cr | •••• | •••• | •••• | •••• |
| 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 Systech IT Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Systech IT Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Systech IT Solutions Limited
Systech IT Solutions Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| PDRS Multitrade Private Limited | ₹1,022.49 Cr (FY 2025) | •••• | •••• | 125.0% | •••• | Berhampur, Odisha, India |
| Nec Corporation India Private Limited | ₹1,015.2 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | New Delhi, Delhi, India |
| Ivalue Infosolutions Limited | ₹942.35 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Wysetek Systems Technologists Private Limited | ₹932.61 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Radiant Computech Private Limited | ₹921.82 Cr (FY 2025) | •••• | •••• | 2475.0% | •••• | New Delhi, Delhi, India |
| Systech IT Solutions Limited this company | ₹911.91 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| NTT Data Business Solutions Private Limited | ₹911.02 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Hyderabad, Telangana, India |
| Global Infonet Distribution Private Limited | ₹910.86 Cr (FY 2017) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Yo Digitals Private Limited | ₹880.84 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Tp-Link India Private Limited | ₹863.42 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Vasai, Maharashtra, India |
| SK Hynix Semiconductor India Private Limited | ₹813.15 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Systech IT Solutions by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Systech IT Solutions Limited
Systech IT Solutions Limited is audited by Rajendra Kumar & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajendra Kumar & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Systech IT Solutions Limited
Systech IT Solutions Limited currently reports 5 directors and 2 key managerial personnel. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amey Prakash Saharkar | Company Secretary | 06 Jan 2024 | 2 Years 9 Months | Current |
| Vinit Kothari | Director | 07 Oct 2023 | 3 Years 0 Months | Current |
| Archit Jain Also directs: Bullbiz India Private Limited | Director | 07 Oct 2023 | 3 Years 0 Months | Current |
| Abhishek Jain Also directs: Os Manufacturing Private Limited, Systech Energies Private Limited, Daksin North Technology Private Limited and 2 more | Managing Director | 20 Apr 2010 | 16 Years 5 Months | Current |
| Rahul Shukla | Director | 05 Feb 2024 | 2 Years 8 Months | Current |
| Payal Jain Prakashjain Also directs: Everestims Technologies Limited | Director | 05 Feb 2024 | 2 Years 8 Months | Current |
Ownership and Shareholding of Systech IT Solutions Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Systech IT Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jan 2025 | Hdfc Bank Limited | ₹52.71 Lakh | Open |
| 12 Aug 2024 | Hdfc Bank Limited | ₹24.5 Cr | Open |
| 03 Feb 2023 | Others | ₹4 Cr | Open |
| 24 Feb 2022 | The Hongkong and Shanghai Banking Corporation Limited | ₹43 Cr | Open |
| 30 Dec 2019 | Axis Bank Limited | ₹18.5 Cr | Open |
Total charge records: 16 View all charges
Deals & Funding of Systech IT Solutions Limited
Systech IT Solutions Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.15 Cr; the latest was in March 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2017 | Funding round | ₹2.1 Cr | Investors: 4 individuals |
| Mar 2013 | Funding round | ₹5 Lakh | Investors: Abhishek Jain Huf, Amit Kothari Huf, 2 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Systech IT Solutions Limited
Systech IT Solutions Limited has 3 court cases on record: 3 filed by Systech IT Solutions. All cases are pending. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Commissioner | Pending |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Systech IT Solutions Limited
Systech IT Solutions Limited has a workforce of 45 employees as of Nov 26, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Systech IT Solutions Limited
Systech IT Solutions has one previous CIN (Corporate Identification Number): U72200KA2010PTC053310. The current CIN is U72200KA2010PLC053310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2010PLC053310 | Current |
| U72200KA2010PTC053310 | Previous |
Recent Activity on Systech IT Solutions Limited
Systech IT Solutions Limited has 13 board changes on record since 2010: 7 appointments and 6 cessations. The latest: Abhishek Jain ceased to be Director on 20 Mar 2024.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Systech IT Solutions Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Systech IT Solutions Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Systech IT Solutions Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Systech IT Solutions Limited
Systech IT Solutions has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AARCS1741C1Z9 | Karnataka | Active | 01 Jul 2017 |
| 36AARCS1741C2ZD | Telangana | Active | 13 Jun 2022 |
| 33AARCS1741C1ZK | Tamil Nadu | Active | 25 Jul 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Systech IT Solutions Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Systech IT Solutions Limited
Systech IT Solutions is an active public limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 20 April 2010 (16+ years old) and is registered under CIN U72200KA2010PLC053310.
Systech IT Solutions reported revenue of ₹911.91 Cr for FY 2024 (up 20% YoY).
Systech IT Solutions has 7 current directors and KMP:
- Abhishek Jain - Managing Director
- Vinit Kothari - Director
- Archit Jain - Director
- Rahul Shukla - Director
- Payal Jain Prakashjain - Director
- Amey Prakash Saharkar - Company Secretary
- Amit Kothari - Cfo
Systech IT Solutions reported a net profit of ₹10.14 Cr (net margin 1.1%) and EBITDA of ₹30.5 Cr (EBITDA margin 3.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Systech IT Solutions is 22% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Systech IT Solutions is 29AARCS1741C1Z9, registered in Karnataka. The company has 10 GST registrations in all, of which 3 are active and 7 are cancelled or inactive. Other active GSTINs include 36AARCS1741C2ZD (Telangana), 33AARCS1741C1ZK (Tamil Nadu).
The CIN (Corporate Identification Number) of Systech IT Solutions is U72200KA2010PLC053310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Systech IT Solutions has 3 court cases on record: 3 filed by the company. 3 are pending. Most are in the district courts.
Systech IT Solutions was incorporated on 20 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Systech IT Solutions has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.15 Cr; the latest was in March 2024.
The peers of Systech IT Solutions by revenue are PDRS Multitrade Private Limited, Nec Corporation India Private Limited, Ivalue Infosolutions Limited, Wysetek Systems Technologists Private Limited, Radiant Computech Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).