Piercing Systems India Private Limited

Imports, exports, and distributes ear piercing systems and fashion earrings, with aftercare advice.

2008 | Mumbai, Maharashtra (India) | Active
Last Updated: December 27, 2024

Piercing Systems India Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 5.10 M
  • Company Age 16 Year, 3 Months
  • Last Filing with ROC 31 Mar 2022
  • Revenue Growth 90.17%
  • Profit Growth 109.63%
  • Ebitda 124.41%
  • Net Worth 6.13%
  • Total Assets 37.04%

About Piercing Systems India

Piercing Systems India Private Limited (PSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 November 2008 and has a history of 16 years and three months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Consumer Goods Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2022. It's a company limited by shares with an authorized capital of Rs 7.50 M and a paid-up capital of Rs 5.10 M, as per Ministry of Corporate Affairs (MCA) records.

Mohsin Mohamedy and Sunita More serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72900MH2008PTC188245

  • Company No.

    188245

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Nov 2008

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Goods

What products or services does Piercing Systems India Private Limited offer?

Piercing Systems India Private Limited offers a wide range of products and services, including Pliers, Screwdrivers & Hammers, Hand Tools, Salon, Spa Kits & Equipments, Salon Equipment, Fashion Earrings, Ear Studs, Ear Piercing Gun, Artificial, Stone and Metal Earrings, Costume & Fashion Jewelry, Fancy Ring.

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

Board Members (2)

NameDesignationAppointment DateStatus
Mohsin Mohamedy Country flag representing Za Whole-Time Director 06-Feb-2009Current
Sunita More Country flag representing In Additional Director 24-Jan-2022Current

Financial Performance of Piercing Systems India.

Piercing Systems India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 90.17% increase. The company also saw a substantial improvement in profitability, with a 109.63% increase in profit. The company's net worth moved up by a moderate rise of 6.13%.

Graph illustrating revenue growth over time
Graph showing 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
90.17%
Revenue from Operations
90.28%
Total Assets
37.04%
Profit or Loss
109.63%
Net Worth
6.13%
EBITDA
124.41%

What is the Ownership and Shareholding Structure of Piercing Systems India?

In 2022, Piercing Systems India 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Piercing Systems India?

Piercing Systems India has a workforce of 63 employees as of Mar 29, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Piercing Systems India, 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 Piercing Systems India'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 Piercing Systems India

Recent activity within the organization

  • Annual General Meeting

    Piercing Systems India Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Balance Sheet

    Piercing Systems India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.

    31 Mar 2022

  • Director Appointment

    Sunita Sadashiv More was appointed as a Additional Director was appointed as a Additional Director on 24 Jan 2022 & has been associated with this company since 3 years 30 days .

    24 Jan 2022

  • Director Appointment

    Mohsin Mohamedy was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 06 Feb 2009 & has been associated with this company since 16 years 16 days .

    06 Feb 2009

  • Company Incorporation

    Piercing Systems India Private Limited was registered on 17 Nov 2008 with Roc Mumbai & aged 16 years 3 months as per MCA records.

    17 Nov 2008

Frequently asked questions

  • Piercing Systems India Private Limited was incorporated on 17 Nov 2008.

  • The authorized share capital of Piercing Systems India Private Limited is ₹ 7.50 M and paid-up capital is ₹ 5.10 M.

  • Currently 2 directors are associated with Piercing Systems India Private Limited.

    • Mohsin Mohamedy
    • Sunita Sadashiv More
  • As per Ministry of Corporate Affairs (Mca), the registered address of Piercing Systems India Private Limited is 1St Floor Gama House, Gamdevi Road Bhandup (West) India, Mumbai, Maharashtra, 400078.

  • The corporate identification number (CIN) of Piercing Systems India Private Limited is U72900MH2008PTC188245 and the company number is 188245 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Piercing Systems India Private Limited is https://www.piercingsystemsindia.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Piercing Systems India Private Limited has risen by 90.17%.

  • As Per 2022 financial reports, 63 employees are currently employed by Piercing Systems India Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Piercing Systems India Private Limited has experienced an upsurge of 6.13%.

  • The most recent Balance Sheet for Piercing Systems India Private Limited was filed with the ROC on 31 Mar 2022.

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