Parity Systems Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 0.90 M
- Company Age 36 Year, 6 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 six 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
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Location
Hyderabad, Telangana, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U72200TG1988PTC008869
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Company No.
008869
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
22 Jul 1988
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Date of AGM
30 Nov 2021
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Date of Balance Sheet
31 Mar 2021
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Parity Systems?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Appa Pagadala
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Director | 31-Aug-2013 | Current |
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Kamalakar Kolipaka
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Director | 07-Apr-2022 | Current |
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%.
- Key Matrics
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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.
Charges (Loans)
₹0
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 2010 | Standard Chartered Bank | ₹2.50 Cr | Satisfied |
| 13 Feb 2009 | Ing Vysya Bank Ltd | ₹1.50 Cr | Satisfied |
| 14 Oct 2006 | Hdfc Bank Limited | ₹1.25 Cr | Satisfied |
| 18 Nov 2004 | Ing Vysya Bank Ltd | ₹4.50 M | Satisfied |
| 22 Nov 2000 | Agraha Co-Operative Urban Bank Limited | ₹1.90 M | Satisfied |
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.
Deals i
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
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
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.
