Petro It Limited

Energy transportation software solutions with global reach and regional offices for implementation and support.

2004 | New Delhi, Delhi (India) | Active
Last Updated:

Petro It Profile

Key Indicators

  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 4.29 Cr
  • Company Age 20 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 11.00 Cr
  • Revenue Growth 39.73%
  • Profit Growth 96.64%
  • Ebitda -25.21%
  • Net Worth 36.07%
  • Total Assets -2.27%

About Petro It

Petro It Limited (PIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 05 March 2004 and has a history of 20 years and 11 months. Its registered office is in New Delhi, Delhi, India.

The Corporate was formerly known as Pl Petro It Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 4.50 Cr and a paid-up capital of Rs 4.29 Cr.

The company has closed loans amounting to ₹11.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Uday Punj, Mangalam Punj, Rahul Khare, and Two other members serve as directors at the Company.

Company Details

  • Location

    New Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    chimesgroup.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72900DL2004PLC125006

  • Company No.

    125006

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Mar 2004

  • Date of AGM

    29 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Information Technology

What products or services does Petro It Limited offer?

Petro It Limited offers a wide range of products and services, including IT, Networking & Automation Solution, IT Solutions, Project Management, Volumetric Pipette, Micropipette, Collaborative Project Management.

Who are the key members and board of directors at Petro It?

Board Members (5)

NameDesignationAppointment DateStatus
Dev Punj Country flag representing In Director 27-Jul-2021Current
Uday Punj Country flag representing In Director 08-Mar-2004Current
Mangalam Punj Country flag representing In Director 05-Mar-2004Current
Rahul Khare Country flag representing In Director 02-Jan-2006Current
Jai Punj Country flag representing In Director 27-Jul-2021Current

Financial Performance of Petro It.

Petro It Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.73% increase. The company also saw a substantial improvement in profitability, with a 96.64% increase in profit. The company's net worth Soared by an impressive increase of 36.07%.

Petro It revenue growth over time
Petro It 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
39.73%
Revenue from Operations
31.19%
Total Assets
-2.27%
Profit or Loss
96.64%
Net Worth
36.07%
EBITDA
-25.21%

What is the Ownership and Shareholding Structure of Petro It?

In 2023, Petro It had a promoter holding of 90.00% and a public holding of 10.00%. 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

₹11.00 Cr

Charges Breakdown by Lending Institutions

  • Kotak Mahindra Bank Limited : 6.50 Cr
  • Syndicate Bank : 4.50 Cr

Latest Charge Details

DateLenderAmountStatus
09 Sep 2011Kotak Mahindra Bank Limited₹6.50 CrSatisfied
18 Sep 2006Syndicate Bank₹4.50 CrSatisfied

How Many Employees Work at Petro It?

Unlock and access historical data on people associated with Petro It, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Petro It Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Petro It, 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 Petro It'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 Petro It

Recent activity within the organization

  • Charges

    A charge registered on 09 Sep 2011 via Charge ID 10311141 with Kotak Mahindra Bank Limited was fully satisfied on 15 Dec 2023.

  • Annual General Meeting

    Petro It Limited last Annual general meeting of members was held on 29 Aug 2023 as per latest MCA records.

  • Balance Sheet

    Petro It Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Director Appointment

    Dev Punj was appointed as a Director was appointed as a Director on 27 Jul 2021 & has been associated with this company since 3 years 7 months .

  • Director Appointment

    Jai Punj was appointed as a Director was appointed as a Director on 27 Jul 2021 & has been associated with this company since 3 years 7 months .

  • Charges

    A charge with Kotak Mahindra Bank Limited of Rs. 6.50 Cr registered on 09 Sep 2011 with Charge ID 10311141 was modified on 22 Apr 2013.

Frequently asked questions

  • What is the Incorporation or founding date of Petro It Limited?

    Petro It Limited was incorporated on 05 Mar 2004.

  • What is authorized share capital and paid-up capital of Petro It Limited?

    The authorized share capital of Petro It Limited is ₹ 4.50 Cr and paid-up capital is ₹ 4.29 Cr.

  • Who are the current board members & directors of Petro It Limited?

    Currently 5 directors are associated with Petro It Limited.

    • Uday Punj
    • Mangalam Punj
    • Rahul Khare
    • Dev Punj
    • Jai Punj

  • What is the registered address of Petro It Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Petro It Limited is Lower Ground Floor 7/6 Sarvpriya Vihar, New Delhi, India, 110016.

  • What is the corporate identification number (CIN) and company number of Petro It Limited?

    The corporate identification number (CIN) of Petro It Limited is U72900DL2004PLC125006 and the company number is 125006 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Petro It Limited?

    The Official website of Petro It Limited is https://www.chimesgroup.in

  • What has been the recent revenue trend for Petro It Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Petro It Limited has risen by 39.73%.

  • What change has been observed in the net worth of Petro It Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Petro It Limited has experienced an upsurge of 36.07%.

  • When was the last Balance Sheet of Petro It Limited filed with the ROC?

    The most recent Balance Sheet for Petro It Limited was filed with the ROC on 31 Mar 2023.

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