About Systems Plus Private Limited
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Systems Plus Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 February 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH1984PTC031974. Its GSTIN is 27AAACS8399H1ZS (Maharashtra).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sapan Choksi and Kanan Nikunj Jhaveri.
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 E – 12 – Acommerce Center Tardeo, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.96 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹19.23 Cr (net margin 10.5%) and EBITDA of ₹28.47 Cr (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 44% over five years.
The company has about 554 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Systems Plus. As per MCA filings, the company has open charges of ₹6.21 Cr and satisfied charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website systems-plus.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressE – 12 – Acommerce Center Tardeo, Mumbai, Maharashtra, India – 400034
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Systems Plus Private Limited
The main business activity of Systems Plus is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Systems Plus Private Limited FY 2024 filings available
Systems Plus Private Limited reported revenue of ₹183.96 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Systems Plus Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 31% growth in the latest year. EBITDA rose 11% 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 Systems Plus Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹28.47 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.23 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 Systems Plus Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.5% | •••• | •••• | •••• | •••• |
| 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 Systems Plus 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 Systems Plus Private Limited
Systems Plus Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Era Informatique Private Limited | ₹189.82 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Vistex Asia-Pacific Private Limited | ₹188.29 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| Xpanxion International Private Limited | ₹186.65 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Kakkanad, Kerala, India |
| Heron Health Private Limited | ₹185.92 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Shaikpet, Telangana, India |
| Diaspark Infotech Private Limited | ₹184.23 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Indore, Madhya Pradesh, India |
| Systems Plus Private Limited this company | ₹183.96 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Dev Information Technology Limited Listed | ₹183.91 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Ahmedabad, Gujarat, India |
| Siemens Eda (Sales & Services) Private Limited | ₹183.74 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Nomura Structured Finance Services Private Limited | ₹183.73 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Accion Labs India Private Limited | ₹182.46 Cr (FY 2020) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Check Point Software Technologies India Private Limited | ₹182.33 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Systems Plus by revenue in the Information Technology industry (IT Consulting and Services), 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 Systems Plus Private Limited
Systems Plus Private Limited is audited by H A JAGASHETH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H A JAGASHETH & 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 of Systems Plus Private Limited
Systems Plus has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sapan Choksi | Director | 16 Apr 2018 | 8 Years 5 Months | Current |
| Kanan Nikunj Jhaveri Also directs: Orone 10 Media Services Private Limited | Director | 14 Dec 1992 | 33 Years 9 Months | Current |
| Nikunj Pravin Jhaveri Also directs: Dee Comtech Systems Private Limited | Director | 14 Dec 2021 | 4 Years 9 Months | Current |
Ownership and Shareholding of Systems Plus Private 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 Systems Plus Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2024 | Hdfc Bank Limited | ₹21 Lakh | Open |
| 16 Feb 2016 | Axis Bank Limited | ₹1.5 Cr | Open |
| 12 Oct 2012 | Axis Bank Limited | ₹4.5 Cr | Open |
| 20 Jun 2002 | Vijaya Bank | ₹10 Lakh | Satisfied |
| 07 Jun 2002 | Vijaya Bank | ₹15 Lakh | Satisfied |
Total charge records: 5 View all charges
Associated Brands with Systems Plus Private Limited
Systems Plus operates one associated brand: Systems Plus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services suite solutions are provided for business needs. | sptr.co |
Employees and EPFO Compliance at Systems Plus Private Limited
Systems Plus Private Limited has a workforce of 554 employees as of Mar 28, 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.
Recent Activity on Systems Plus Private Limited
Systems Plus Private Limited has 5 board changes on record since 1992: 3 appointments and 2 cessations. The latest: Nikunj Pravin Jhaveri ceased to be Additional Director on 30 Sep 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Systems Plus Private 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 Systems Plus Private 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 Systems Plus Private 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 Systems Plus Private Limited
Systems Plus has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS8399H1ZS | Maharashtra | Active | 01 Jul 2017 |
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 Systems Plus Private 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 Systems Plus Private Limited
Systems Plus is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 February 1984 (42+ years old) and is registered under CIN U72300MH1984PTC031974.
Systems Plus reported revenue of ₹183.96 Cr for FY 2025 (up 31% YoY).
Systems Plus has 3 current directors:
- Sapan Choksi - Director
- Kanan Nikunj Jhaveri - Director
- Nikunj Pravin Jhaveri - Director
Systems Plus reported a net profit of ₹19.23 Cr (net margin 10.5%) and EBITDA of ₹28.47 Cr (EBITDA margin 15.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Systems Plus is 61% over three years and 44% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Systems Plus is 27AAACS8399H1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Systems Plus is U72300MH1984PTC031974. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Systems Plus was incorporated on 03 February 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Systems Plus by revenue are New Era Informatique Private Limited, Vistex Asia-Pacific Private Limited, Xpanxion International Private Limited, Heron Health Private Limited, Diaspark Infotech Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Nikunj Pravin Jhaveri ceased to be Additional Director on 30 Sep 2022. Nikunj Pravin Jhaveri was appointed as Director on 14 Dec 2021. Sapan Choksi ceased to be Additional Director on 29 Sep 2018. Systems Plus has 5 board changes on record in total.
Systems Plus can be reached through the website systems-plus.com. Its registered office is in Mumbai, Maharashtra, India.