Parity Systems Pvt Ltd.

IT hardware and software solutions, sales, services, and networking for businesses.

1988 | Hyderabad, Telangana (India) | Active
Last Updated:

Parity Systems Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.90 M
  • Company Age 36 Year, 7 Months
  • Last Filing with ROC 31 Mar 2021
  • Satisfied Charges ₹ 5.91 Cr
  • Revenue Growth 113.45%
  • Profit Growth 299.32%
  • Ebitda -48.96%
  • Net Worth 5.82%
  • Total Assets -5.60%

About Parity Systems

Parity Systems Pvt Ltd. (PSPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 July 1988 and has a history of 36 years and seven months. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.90 M.

The company has closed loans amounting to ₹5.91 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Appa Pagadala and Kamalakar Kolipaka serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    parity.co.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72200TG1988PTC008869

  • Company No.

    008869

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Jul 1988

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

Who are the key members and board of directors at Parity Systems?

Board Members (2)

NameDesignationAppointment DateStatus
Appa Pagadala Country flag representing In Director 31-Aug-2013Current
Kamalakar Kolipaka Country flag representing In Director 07-Apr-2022Current

Financial Performance of Parity Systems.

Parity Systems Pvt Ltd., for the financial year ended 2021, experienced significant growth in revenue, with a 113.45% increase. The company also saw a substantial improvement in profitability, with a 299.32% increase in profit. The company's net worth moved up by a moderate rise of 5.82%.

Parity Systems revenue growth over time
Parity Systems profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
113.45%
Revenue from Operations
112.85%
Total Assets
-5.60%
Profit or Loss
299.32%
Net Worth
5.82%
EBITDA
-48.96%

What is the Ownership and Shareholding Structure of Parity Systems?

In 2021, Parity Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹59.05 M

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 2.50 Cr
  • Ing Vysya Bank Ltd : 1.95 Cr
  • Hdfc Bank Limited : 1.25 Cr
  • Agraha Co-Operative Urban Bank Limited : 0.19 Cr
  • Bank Of Baroda : 0.02 Cr

Latest Charge Details

DateLenderAmountStatus
23 Jan 2010Standard Chartered Bank₹2.50 CrSatisfied
13 Feb 2009Ing Vysya Bank Ltd₹1.50 CrSatisfied
14 Oct 2006Hdfc Bank Limited₹1.25 CrSatisfied
18 Nov 2004Ing Vysya Bank Ltd₹4.50 MSatisfied
22 Nov 2000Agraha Co-Operative Urban Bank Limited₹1.90 MSatisfied

How Many Employees Work at Parity Systems?

Parity Systems has a workforce of 0 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Parity Systems Pvt Ltd.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Parity Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Parity Systems's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Parity Systems

Recent activity within the organization

  • Director Appointment

    Kamalakar Kolipaka was appointed as a Director was appointed as a Director on 07 Apr 2022 & has been associated with this company since 2 years 10 months .

  • Annual General Meeting

    Parity Systems Pvt Ltd. last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

  • Balance Sheet

    Parity Systems Pvt Ltd. has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Hyderabad.

  • Charges

    A charge registered on 23 Jan 2010 via Charge ID 10198797 with Standard Chartered Bank was fully satisfied on 03 Sep 2014.

  • Director Appointment

    Appa Rao Pagadala was appointed as a Director was appointed as a Director on 31 Aug 2013 & has been associated with this company since 11 years 6 months .

  • Charges

    A charge registered on 22 Nov 2000 via Charge ID 90116030 with Agraha Co-Operative Urban Bank Limited was fully satisfied on 09 Mar 2010.

Frequently asked questions

  • What is the Incorporation or founding date of Parity Systems Pvt Ltd.?

    Parity Systems Pvt Ltd. was incorporated on 22 Jul 1988.

  • What is authorized share capital and paid-up capital of Parity Systems Pvt Ltd.?

    The authorized share capital of Parity Systems Pvt Ltd. is ₹ 1.00 M and paid-up capital is ₹ 0.90 M.

  • Who are the current board members & directors of Parity Systems Pvt Ltd.?

    Currently 2 directors are associated with Parity Systems Pvt Ltd..

    • Appa Rao Pagadala
    • Kamalakar Kolipaka

  • What is the registered address of Parity Systems Pvt Ltd.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Parity Systems Pvt Ltd. is Flat No. 7 Plot No.28/A Wellington Plaza, Picket India, Secunderabad, Telangana, 500009.

  • What is the corporate identification number (CIN) and company number of Parity Systems Pvt Ltd.?

    The corporate identification number (CIN) of Parity Systems Pvt Ltd. is U72200TG1988PTC008869 and the company number is 008869 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Parity Systems Pvt Ltd.?

    The Official website of Parity Systems Pvt Ltd. is https://www.parity.co.in

  • What has been the recent revenue trend for Parity Systems Pvt Ltd.?

    According to the financial reports for the fiscal year 2021, the revenue trend for Parity Systems Pvt Ltd. has risen by 113.45%.

  • What change has been observed in the net worth of Parity Systems Pvt Ltd., and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Parity Systems Pvt Ltd. has experienced an upsurge of 5.82%.

  • When was the last Balance Sheet of Parity Systems Pvt Ltd. filed with the ROC?

    The most recent Balance Sheet for Parity Systems Pvt Ltd. was filed with the ROC on 31 Mar 2021.

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