Premier It Solutions India Private Limited

IT distributor for Dell, Lenovo, HP, Cisco, and LG products.

2010 | Bangaluru, Karnataka (India) | Active
Last Updated: November 17, 2024

Premier It Solutions India Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 2.84 M
  • Company Age 15 Year, 1 Day
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 109.50 Cr
  • Satisfied Charges ₹ 68.30 Cr
  • Revenue Growth -17.12%
  • Profit Growth -6.74%
  • Ebitda 24.99%
  • Net Worth 9.56%
  • Total Assets 7.99%

About Premier It Solutions India

Premier It Solutions India Private Limited (PISIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 February 2010 and has a history of 15 years. Its registered office is in Bangaluru, Karnataka, 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 2024. It's a company limited by shares with an authorized capital of Rs 7.50 M and a paid-up capital of Rs 2.84 M.

The company currently has active open charges totaling ₹109.50 Cr. The company has closed loans amounting to ₹68.30 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kamlesh Jain and Arun Jain serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U72200KA2010PTC052660

  • Company No.

    052660

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 2010

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Information Technology

What products or services does Premier It Solutions India Private Limited offer?

Premier It Solutions India Private Limited offers a wide range of products and services, including Hotel & Commercial Cooking Equipment, Commercial Kitchen Equipments, Smart Phone, Samsung Smart Phone, LED, LCD, Smart TV and Home Theatre, TV, Mobile Phones, Samsung Mobile Phones, LED TV, High Definition Television.

Who are the key members and board of directors at Premier It Solutions India?

Board Members (2)

NameDesignationAppointment DateStatus
Arun Jain Country flag representing In Director 23-Feb-2010Current
Kamlesh Jain Country flag representing In Director 23-Feb-2010Current

Financial Performance of Premier It Solutions India.

Premier It Solutions India Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 17.12% decrease. The company also saw a slight decrease in profitability, with a 6.74% decrease in profit. The company's net worth moved up by a moderate rise of 9.56%.

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
-17.12%
Revenue from Operations
-17.32%
Total Assets
7.99%
Profit or Loss
-6.74%
Net Worth
9.56%
EBITDA
24.99%

What is the Ownership and Shareholding Structure of Premier It Solutions India?

In 2022, Premier It Solutions India had a promoter holding of 32.57% and a public holding of 67.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,095.00 M

Satisfied Charges

₹682.95 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 44.50 Cr
  • State Bank Of India : 20.00 Cr
  • Axis Bank Limited : 15.00 Cr
  • Others : 15.00 Cr
  • Yes Bank Limited : 10.00 Cr
  • Others : 5.00 Cr

Latest Charge Details

DateLenderAmountStatus
15 Jul 2023Yes Bank Limited₹10.00 CrOpen
26 May 2023Hdfc Bank Limited₹44.50 CrOpen
26 Jul 2021Tata Capital Financial Services Limited₹5.00 CrOpen
25 Jun 2021Others₹15.00 CrOpen
30 Mar 2019Axis Bank Limited₹15.00 CrOpen

How Many Employees Work at Premier It Solutions India?

Premier It Solutions India has a workforce of 16 employees as of Mar 31, 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 Premier It Solutions 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 Premier It Solutions 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 Premier It Solutions India

Recent activity within the organization

  • Annual General Meeting

    Premier It Solutions India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Premier It Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 100.00 M with Charge ID 100762064 was registered on 15 Jul 2023.

    15 Jul 2023

  • Charges

    A charge registered on 02 Mar 2018 via Charge ID 100179268 with Yes Bank Limited was fully satisfied on 19 Jun 2023.

    19 Jun 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 445.00 M with Charge ID 100724555 was registered on 26 May 2023.

    26 May 2023

  • Charges

    A charge with Yes Bank Limited of Rs. 358.40 M registered on 02 Mar 2018 with Charge ID 100179268 was modified on 18 Jan 2022.

    18 Jan 2022

Frequently asked questions

  • Premier It Solutions India Private Limited was incorporated on 23 Feb 2010.

  • The authorized share capital of Premier It Solutions India Private Limited is ₹ 7.50 M and paid-up capital is ₹ 2.84 M.

  • Currently 2 directors are associated with Premier It Solutions India Private Limited.

    • Kamlesh Jain
    • Arun Kumar Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Premier It Solutions India Private Limited is F6 No. 1091 First Floor, O.T.C Road Nagarthapete India, Bangalore, Karnataka, 560002.

  • The corporate identification number (CIN) of Premier It Solutions India Private Limited is U72200KA2010PTC052660 and the company number is 052660 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Premier It Solutions India Private Limited is https://www.premieritsolutions.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Premier It Solutions India Private Limited has fallen by -17.12%.

  • As Per 2023 financial reports, 16 employees are currently employed by Premier It Solutions India Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Premier It Solutions India Private Limited has experienced an upsurge of 9.56%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Premier It Solutions India Private Limited amount to ₹ 109.50 Cr.

  • The most recent Balance Sheet for Premier It Solutions India Private Limited was filed with the ROC on 31 Mar 2024.

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