Piitech Systems Private Limited - Due diligence report

A 360° intelligence report on Piitech Systems Private Limited: trust score, financial health, credit view, compliance, directors, growth and…

2013-11-05 Bangalore, Karnataka Under Process Of Striking Off Unlisted Active Compliant
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PS Piitech Systems Private Limited
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Piitech Systems Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

Piitech Systems Private Limited is assessed as Moderate with a Trust Score of 60/100. Piitech Systems Private Limited is a private limited indian non-government company incorporated in 2013, operating in the Information Technology sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Piitech Systems Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 60/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 30/100 Caution Indicated
  • Company status is "Under Process Of Striking Off" - not Active.
  • Last balance sheet is for Mar 2022 - filings overdue.
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NAGESH RANGAPPAN 01234567 Director 01/04/2018 6 yrs Approved
RAJARAM GANESH SHASTRI 01234567 Director 01/04/2018 6 yrs Approved
VENKATAKRISHNA ARAVETI 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2019 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 12+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Under Process Of Striking Off.
Compliance score is weak (30/100).
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence42/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment56/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 10 events
24 Sep 2022
Last AGM held
Annual general meeting
31 Mar 2022
Latest balance sheet
Filed with ROC
29 Sep 2016
Director ceased
NAGESH RANGAPPAN
31 Jan 2016
Securities allotted
25000 Equity Shares Without Differential Rights - 2.50 Lakh raised
21 Oct 2015
Director ceased
SINGARAM JAYAKUMAR
10 Oct 2015
Director appointed
NAGESH RANGAPPAN (Director)
29 Sep 2015
Director ceased
RAJARAM GANESH SHASTRI
01 Sep 2015
Director appointed
RAJARAM GANESH SHASTRI (Director)
05 Nov 2013
Incorporated
Registered with Roc Bangalore
Director appointed
VENKATAKRISHNA ARAVETI (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a majority stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mtss India Technical Support Services Private Limited U74120TN2009PTC073202 Chennai, Tamil Nadu, India
Getbike U72200TG2015PTC098985 Secunderabad, Telangana, India
Rosewood Shoppers Private Limited U51909MH2010PTC264133 Mumbai, Maharashtra, India
Crewfoundry U72900TG2017PTC118738 Hyderabad, Telangana, India
Alvaro Soft Private Limited U72900PN2016PTC165081 Pune, Maharashtra, India
Dheeksha Software Private Limited U72200KA2007PTC042323 Mangalore, Karnataka, India
Treacle Consulting Private Limited U74900UP2009PTC038456 Noida, Uttar Pradesh, India
Unobridge Solutions India Private Limited U72200KA2015FTC083129 Bangalore South, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Piitech Systems Private Limited before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Piitech Systems Private Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Piitech Systems Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Piitech Systems Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Piitech Systems Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Piitech Systems Private Limited an active company?

Piitech Systems Private Limited has MCA status “Under Process Of Striking Off” with a compliance score of 30/100 (Caution Indicated).

Is Piitech Systems Private Limited financially healthy?

Piitech Systems Private Limited has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Piitech Systems Private Limited?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Piitech Systems Private Limited?

Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Piitech Systems Private Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Piitech Systems Private Limited up to date with its ROC filings?

Last balance sheet is for Mar 2022 - filings overdue. Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Piitech Systems Private Limited?

Its Credit Risk Score is 60/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.