U72900DL1991PLC044831

PATH INFOTECH LIMITED
Printed at : 3 Dec, 2023 17:17 Hours MCA Master Data updated at : 11 Oct, 2023 16:08 Hours
Probed at : 1 Dec, 2023 13:04 Hours Documents collected from MCA at : 30 Nov, 2023 00:39 Hours
Table of Contents
Key Statistics 1
About The Company 1
Industry And Segment(s) 1
Principal Business Activities 1
Name History 1
Standalone Financial Data 2
1. Balance Sheet 2
2. Profit & Loss 3
3. Profit & Loss - Key Schedule 3
4. Cash Flow 4
5. Ratios 4
Consolidated Financial Data 5
1. Balance Sheet 5
2. Profit & Loss 6
4. Cash Flow
5. Ratios Probe42.in 7
7
Auditor(s) 8
1. Standalone 8
2. Consolidated 8
Financial Parameters 8
Related Party Transactions 9
MSME Supplier Payment Delays 10
Legal Cases of Financial Dispute - Summary 11
Structure 12
1. Share Holding Pattern 12
1.1. Promoters 12
1.2. Public / Other Than Promoters 12
2. Directors Shareholding 13
3. Shareholding more than 5% 14
4. Securities Allotment 15
5. Related Corporates 16
5.1. Holding Corporates 16
Marked Copy For : Amey Nayak
© PROBE INFORMATION SERVICES PRIVATE LIMITED (Probe) 2023. Probe42.in is a proprietary data and information service technology platform developed, owned and maintained by Probe Information
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of the information (in the presented form).
Table of Contents
5.2. Subsidiary Corporates 16

5.3. Associate Corporates 16
5.4. Joint Ventures 16
Current Directors 17
Other Directorships 18
Charge Details 19
1. Open Charges Sequence 19
2. Satisfied Charges Sequence 22
3. Open Charges Latest Events with Details 24
Peer Comparison 26
Auditors' Comments 27
1. Standalone 27
2. Consolidated 28
GST 29
1. Active GSTINs 29
2. Inactive GSTINs
Legal History Probe42.in 29
30
1. Cases Filed Against this Corporate 30
2. Cases Filed By this Corporate 30
3. Cases for Consolidation of Corporate Affairs 30
Credit Ratings 31
Unaccepted Ratings 32
Compliance 33
1. Incidents of Name Removal U/S 248(5) by ROC 33
2. BIFR History 33
3. Corporate Debt Restructuring (CDR) History 33
4. Suit Filed Cases as per Bureaus 33
Establishments Registered with EPFO 34
Annexure - Contact Details 35
Annexure - Standalone Financial Data 36
1. Balance Sheet - AOC-4 36
2. Profit & Loss - AOC-4 39
Table of Contents
4. Cash Flow 41
5. Ratios - AOC-4 44
Annexure - Consolidated Financial Data 45
1. Balance Sheet - AOC-4 45
2. Profit & Loss - AOC-4 47
4. Cash Flow 48
5. Ratios - AOC-4 50
Annexure - Financial Parameters 51
Annexure - Related Party Transactions 52
Annexure - GST 56
1. Active GSTINs - Filing Details 56
2. Inactive GSTINs - Filing Details 60
Annexure - Credit Ratings 62
Annexure - EPFO Payment Details 63
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Key Statistics
Registered Address DPT 806, DLF PRIME TOWERS, OKHLA INDUSTRIAL AREA, PHASE-I, NEW DELHI - 110020, DELHI
Business Address DPT-806, DLF Prime Towers, Okhla Industrial Area, New Delhi - 110020, Delhi
Date of Incorporation 3 Jul, 1991
Type of Entity Public Limited Indian Non-Government Company
Listing Status Unlisted
Website http://www.pathinfotech.com/
Email aasheesh@pathinfotech.com
contact.in@pathinfotech.com
Phone +91-9811690484
+91-120-4726100
+91-11-49067501
See Annexure - Contact Details for more ...
CIN U72900DL1991PLC044831
PAN AABCP0471C
Paid Up Capital Rs. 1.93 Crore
Authorized Capital Rs. 2.20 Crore
Sum of Charges Rs. 21.21 Crore
E-Filing Status Active
Active Compliance Active Compliant
Date of Last AGM 30 Sep, 2022
LEI 984500857636BDYDCD62 ( ISSUED )
About The Company

Path Infotech Limited (PIL) provides information technology (IT) solutions. The company operates through five main verticals namely, system integration,
software development, enterprise management services, application support, and infrastructure support services. PIL has serviced government and private
sector enterprises across industry domains such as financial services, insurance, manufacturing, business process outsourcing/IT-enabled services, and
utilities. The head office of the company is in Noida and it has branch offices in Singapore, and Mumbai The company is an ISO 9001, and ISO 27001
certified company.
Industry And Segment(s) Probe42.in

Information Technology IT Consulting and Other Services
Principal Business Activities - 31 Mar, 2021
Main Activity Description of Main Business

Description of Business Activity % of Turnover
Group Code Activity Group Activity Code
Information and communication Computer programming, consultancy and related
J J6 100.0
activities
Name History
This corporate has not had any name change as per our records.

Page 1 of 63
Standalone Financial Data
Balance Sheet - AOC-4 (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Balance Sheet
* Share Application, Minority Interest, Money received against Share Warrants and Defered Govt. Grants.
Equity and Liabilities
Equity
Share Capital 1.93 1.93 1.93
Reserves and Surplus 22.61 24.43 26.38
Other Equity* 0.00 0.00 0.00
Total Equity 24.54 26.35 28.30
Liabilities
Non-current Liabilities
Long Term Borrowings 1.52 1.37 0.26
Net Deferred Tax Liabilities - - -
Other Long Term Liabilities 0.00 0.00 0.00
Long Term Provisions 3.29 4.00 4.38
Total Non-current Liabilities 4.82 5.37 4.64
Current Liabilities
Short Term Borrowings 5.50 6.44 2.90
Trade Payables 20.08 18.99 24.92
Other Current Liabilities 8.71 10.68 10.13
Short Term Provisions 0.00 0.00 0.00
Total Current Liabilities 34.29 36.11 37.96
Total Equity and Liabilities 63.65 67.83 70.90
Assets
Net Fixed Assets
Tangible Assets 5.59 6.14 5.78
Intangible Assets 0.00 0.00 0.00
Total Net Fixed Assets 5.59 6.14 5.78
Capital Work-in-progress
Other Non-current Assets Probe42.in 2.69 1.67 1.67
Non-current Investments 0.72 0.72 0.72

Net Deferred Tax Assets 0.84 1.03 1.14
Long Term Loans and Advances 0.00 0.00 0.00
Other Non-current Assets 0.26 0.20 0.20
Total Other Non-current Assets 1.82 1.95 2.06
Current Assets
Current Investments 0.00 0.00 0.00
Inventories 8.10 8.71 12.22
Trade Receivables 28.99 34.94 34.88
Cash and Bank Balances 3.29 2.84 2.75
Short Term Loans and Advances 13.16 11.58 11.55
Other Current Assets - - -
Total Current Assets 53.54 58.07 61.40
Total Assets 63.65 67.83 70.90

Page 2 of 63
Profit & Loss - AOC-4 (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Profit & Loss
* Total operating revenue net of taxes.
Net Revenue * 153.68 186.25 188.84
Operating Cost
Cost of Materials Consumed 0.00 0.00 0.00
Purchases of Stock-in-trade 110.18 138.39 135.39
Changes in Inventories / Finished Goods 0.67 -0.62 -3.50
Employee Benefit Expense 36.16 41.42 48.35
Other Expenses 3.75 3.60 4.56
Total Operating Cost 150.76 182.80 184.79
Operating Profit ( EBITDA ) 2.93 3.45 4.04
Other Income 0.29 0.77 0.36
Depreciation and Amortization Expense 0.69 0.97 1.19
Profit Before Interest and Tax 2.52 3.25 3.21
Finance Costs 1.28 0.82 0.60
Profit Before Tax and Exceptional Items Before Tax 1.24 2.43 2.61
Exceptional Items Before Tax - - -
Profit Before Tax 1.24 2.43 2.61
Income Tax 0.34 0.62 0.66
Profit for the Period from Continuing Operations 0.90 1.82 1.95
Profit from Discontinuing Operations After Tax - - -
Profit for the Period 0.90 1.82 1.95
Profit & Loss - Key Schedule (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Profit & Loss - Key Schedule
* Sum of power and fuel, electricity expenses.
Managerial Remuneration 1.00 1.32 1.44
Payment to Auditors
Insurance Expenses
Power and Fuel *
Probe42.in 0.06
0.37
0.25
0.04
0.33
0.25
0.02
0.41
0.33

Page 3 of 63
Cash Flow - AOC-4 (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Cash Flow
Cash Flows from / ( Used in ) Operating Activities
Adjustment for Finance Cost and Depreciation 1.88 1.69 1.63
Adjustments for Current and Non-Current 9.21 -5.36 -3.58
Assets
Adjustments for Current and Non-Current -11.90 2.52 2.23
Liabilities
Other Adjustments in Operating Activities -0.25 -1.13 -0.95
Net Cash Flows from / ( Used in ) 0.19 0.15 1.94
Operating Activities
Cash Flows from / ( Used in ) Investing Activities
Cash Outflow from Purchase of Assets 0.27 1.51 0.83
Cash Inflow from Sale of Assets 0.01 1.02 0.00
Income from Assets 0.29 0.77 0.34
Other Adjustments in Investing Activities -1.50 0.20 2.32
Net Cash Flows from / ( Used in ) -1.48 0.48 1.84
Investing Activities
Cash Flows from / ( Used in ) Financing Activities
Cash Outflow from Repayment of Capital and - - -
Borrowings
Cash Inflow from Raising Capital and 0.34 -0.16 -1.10
Borrowings
Interest and Dividends Paid 1.19 0.72 0.44
Other Adjustments in Financing Activities - - -
Net Cash Flows from / ( Used in ) -0.85 -0.88 -1.54
Financing Activities
Increase / ( Decrease ) in Cash and Cash Equivalents Before -2.14 -0.25 2.24
Effect of Exchange Rate Changes
Adjustments to Cash and Cash Equivalents - - -
Net Increase / ( Decrease ) in Cash and Cash Equivalents -2.14 -0.25 2.24
Cash and Cash Equivalents at End of Period 0.29 0.04 2.28
Ratios - AOC-4
Probe42.in 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Ratios
Revenue Growth (%) -10.3 21.2 1.4
Gross Profit Margin (%) 27.9 26.0 30.2
EBITDA Margin (%) 1.9 1.9 2.1
Net Margin (%) 0.6 1.0 1.0
Return on Equity (%) 3.6 6.9 6.9
Return on Capital Employed (%) 8.0 9.5 10.2
Debt Ratio 0.1 0.1 0.0
Debt / Equity 0.3 0.3 0.1
Interest Coverage Ratio 2.0 4.0 5.3
Current Ratio 1.6 1.6 1.6
Quick Ratio 1.3 1.4 1.3
Inventory / Sales (Days) 19 17 24
Debtors / Sales (Days) 69 68 67
Payables / Sales (Days) 48 37 48
Cash Conversion Cycle (Days) 40 48 43
Sales / Net Fixed Assets 27.5 30.3 32.7

Page 4 of 63
Consolidated Financial Data
See Annexure for Past Year(s) Balance Sheet
Equity
Other Equity* 0.00 0.00 0.00
Total Equity 41.13 50.41 67.59
Liabilities
Current Liabilities
Assets
Net Fixed Assets
Capital Work-in-progress
Other Non-current Assets Probe42.in 2.69 1.67 1.67

Current Assets
Total Assets 93.44 111.39 141.30

Page 5 of 63
See Annexure for Past Year(s) Profit & Loss
Net Revenue * 202.48 260.32 292.79
Operating Cost
Changes in Inventories / Finished Goods 1.17 0.77 -3.50
Income Tax 0.82 2.01 3.08
Profit for Period from Continuing Operations 3.82 8.80 14.88
Minority Interest and Profit from Associates and Joint Ventures 0.00 0.00 0.00
See Annexure for Past Year(s) Profit & Loss - Key Schedule
Managerial Remuneration
Payment to Auditors
Insurance Expenses
Probe42.in 2.41
0.06
0.41
1.34
0.04
0.44
1.44
0.03
0.57
Power and Fuel * 0.25 0.22 0.30

Page 6 of 63
See Annexure for Past Year(s) Cash Flow
Assets
Liabilities
Net Cash Flows from / ( Used in ) 7.09 -1.38 12.46
Other Adjustments in Investing Activities -1.50 0.20 2.32
Cash Outflow from Repayment of Capital and -0.34 0.16 1.10
Borrowings
Cash Inflow from Raising Capital and - - -
Borrowings
Other Adjustments in Financing Activities 2.43 0.48 2.31
Net Cash Flows from / ( Used in ) 1.58 -0.54 0.55
Increase / ( Decrease ) in Cash and Cash Equivalents Before 8.88 -0.07 16.17
Net Increase / ( Decrease ) in Cash and Cash Equivalents 8.88 -0.07 16.17
Ratios - AOC-4
Probe42.in 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023
See Annexure for Past Year(s) Ratios
Revenue Growth (%) -2.7 28.6 12.5
Net Margin (%) 1.9 3.4 5.1

Page 7 of 63
Standalone
Auditor(s) - Standalone
Year Auditor Name Auditor Firm Name PAN Address

(of firm or auditor) (of firm or auditor)
2023 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO AAYFB9081G III-K-35/16A, RAKESH MARG,NEHRU NAGAR,
Membership Number : 435907 Registration Number : 023215C GHAZIABAD-201001
2022 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO ARKPB4645D III-K-35/16A, RAKESH MARG,NEHRU NAGAR,
2021 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO ARKPB4645D III-K-35/16A, RAKESH MARG,NEHRU NAGAR,
2020 PRAMOD KUMAR GOEL KUMAR PRAMOD & CO ABLPG5986B 101,IST FLOOR,HANS PLAZAAMBEDKAR ROAD
Membership Number : 090604 Registration Number : 006599C
Auditor(s) - Consolidated
Year Auditor Name Auditor Firm Name PAN Address

(of firm or auditor) (of firm or auditor)
2023 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO AAYFB9081G III-K-35/16A, MARG,NEHRU N A G A R,
2022 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO ARKPB4645D III-K-35/16A, MARG,NEHRU N A G A R,
2021 BHAGCHAND BANGANI BHAGCHAND BANGANI & CO ARKPB4645D III-K-35/16A, MARG,NEHRU N A G A R,
Membership Number : 090604
2017 PRAMOD KUMAR GOEL
Membership Number : 090604
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Registration Number : 006599C
KUMAR PRAMOD & CO
Registration Number : 006599C
ABLPG5986B 101,IST FLOOR,HANS PLAZAAMBEDKAR ROAD
Financial Parameters
Parameter (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023

See Annexure for Past Year(s) Financial Parameters
Income in foreign currency 9.84 11.73 35.63
Expense in foreign currency 0.00 0.00 0.00
Employee benefit expense 36.16 41.42 48.35
Number of employees 445 539 507
Gross value of the transaction with the related parties as per
0.00 0.00 0.00
AS-18
Gross fixed assets (including intangible assets) 14.00 15.52 16.34
Trade receivables exceeding six months 0.00 0.00 0.00
Proposed dividend No No No
Prescribed CSR expenditure - - -
Total amount spent on CSR for the financial year - - -

Page 8 of 63
Related Party Transactions - FY 2023
See Annexure for Past Year(s) Related Party Transactions
Individuals
Name Relationship Transaction Type Amount (Rs. Crore)

AASHEESH GARG Key Management Personnel and Their Expense ****
Relatives
PANKAJ RATRA Key Management Personnel and Their Expense ****
Relatives
TARUN AGARWAL Key Management Personnel and Their Expense ****
Relatives
Others

PATH INFOTECH PTE.LTD. Subsidiary Revenue 18.31
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Page 9 of 63
MSME Supplier Payment Delays
As per our records, this corporate does not have any filings related to supplier (micro or small enterprises) payment delays.
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Page 10 of 63
Legal Cases of Financial Dispute - Summary
As per our records, there are no legal cases of financial dispute disposed after 1 Jan, 2021 for this corporate.
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Page 11 of 63
Structure - 31 Mar, 2021
Promoter % Public % No. of Shareholders Total Equity Shares Total Preference Shares
97.92 2.08 7 [Promoter(s) 3] 19,259,200 0
Share Holding Pattern
Promoters - 31 Mar, 2021
Category Equity Preference

Number of Shares Percentage Number of Shares Percentage
Individual / Hindu Undivided Family
(i) Indian 18,859,200 97.92 0 -
(ii) Non-resident Indian (others) 0 0.00 0 -
(iii) Foreign national (other than NRI) 0 0.00 0 -
Government
(i) Central Government 0 0.00 0 -
(ii) State Government 0 0.00 0 -
(iii) Government companies 0 0.00 0 -
Insurance companies 0 0.00 0 -
Banks 0 0.00 0 -
Financial institutions 0 0.00 0 -
Foreign institutional investors 0 0.00 0 -
Mutual funds 0 0.00 0 -
Venture capital 0 0.00 0 -
Body corporate (not mentioned above) 0 0.00 0 -
Others 0 0.00 0 -
Total
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18,859,200 97.92 0 0.00
Public / Other Than Promoters - 31 Mar, 2021
Category Equity Preference

Number of Shares Percentage Number of Shares Percentage
Individual / Hindu Undivided Family
(i) Indian 400,000 2.08 0 -
(ii) Non-resident Indian (others) 0 0.00 0 -
(iii) Foreign national (other than NRI) 0 0.00 0 -
Government
(i) Central Government 0 0.00 0 -
(ii) State Government 0 0.00 0 -
(iii) Government companies 0 0.00 0 -
Insurance companies 0 0.00 0 -
Banks 0 0.00 0 -
Financial institutions 0 0.00 0 -
Foreign institutional investors 0 0.00 0 -
Mutual funds 0 0.00 0 -
Venture capital 0 0.00 0 -
Body corporate (not mentioned above) 0 0.00 0 -
Others 0 0.00 0 -
Total 400,000 2.08 0 0.00

Page 12 of 63
Directors Shareholding - 31 Mar, 2021
Name Designation Shareholding (%) Number of Shares Cessation Date
TARUN AGARWAL Wholetime Director 32.64 6,286,400 -

PANKAJ RATRA Wholetime Director 32.64 6,286,400 -
AASHEESH GARG Wholetime Director 32.64 6,286,400 -
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Page 13 of 63
Shareholding more than 5% - 31 Mar, 2023
This corporate does not have any shareholders with more than 5% shareholding as per our records.
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Page 14 of 63
Securities Allotment
This corporate has not made any Security Allotments as per our records.
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Page 15 of 63
Related Corporates - 31 Mar, 2023
Holding Corporates
This corporate does not have any Holding Corporates as per our records.
Subsidiary Corporates
Subsidiary Corporates - Others
Corporate Name Shareholding (%) Country Remarks

PATH INFOTECH LLC 100.00 UNITED STATES A foreign entity
PATH INFOTECH PTE. LTD. 100.00 SINGAPORE A foreign entity
PATH INFOTECH PTY LTD. 100.00 AUSTRALIA A foreign entity
Associate Corporates
Associate Corporates - Company
*PUC *SOC *Date of

Corporate Name *SH (%) City Status
(Rs. Cr.) (Rs. Cr.) Incorp.
*SH = Shareholding *PUC = Paid Up Capital *SOC = Sum of Charges *Date of Incorp. = Date of Incorporation
PRATHAM INFOSOLUTIONS PRIVATE 50.00 New Delhi 0.30 0.00 21 Sep, 2016 Active
LIMITED Active Compliant
(U72900DL2016PTC306238)
Joint Ventures
This corporate does not have any Joint Ventures as per our records.
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Page 16 of 63
Current Directors
Appointment Cessation
Director Name Designation DIN Age Gender Flags
Date Date
AASHEESH GARG Wholetime 00074614 59 Male 3 Jul, 1991 - -
Director
PANKAJ RATRA Wholetime 00165108 55 Male 3 Jul, 1991 - -
Director
TARUN AGARWAL Wholetime 00110773 58 Male 3 Jul, 1991 - -
Director
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Page 17 of 63
Other Directorships
AASHEESH GARG ( DIN : 00074614 ) - Company:
*PUC *SOC *Date of Appointment Cessation

Corporate Name Status
(Rs. Cr.) (Rs. Cr.) Incorp. Date Date
*PUC = Paid Up Capital *SOC = Sum of Charges *Date of Incorp. = Date of Incorporation
GRAPTA TECHNOLOGIES PRIVATE LIMITED 0.01 0.00 18 Oct, 2013 Active 18 Oct, 2013 -
(U72900DL2013PTC259325) Active Compliant
PATHCRM SOFTWARE SOLUTIONS PRIVATE 0.01 0.00 20 Nov, 2009 Strike Off 20 Nov, 2009 -
LIMITED Struck off under section 248(5)
(U72900DL2009PTC196232)
PANKAJ RATRA ( DIN : 00165108 ) - Company:

TARUN AGARWAL ( DIN : 00110773 ) - Company:

PATHCRM SOFTWARE SOLUTIONS PRIVATE 0.01 0.00 20 Nov, 2009 Strike Off 20 Nov, 2009 -
LIMITED Struck off under section 248(5)
(U72900DL2009PTC196232)
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Page 18 of 63
Open Charges Sequence
Open Charges Sequence
Sl. Filing No. of

Charge ID Status Date Holder Name Amount (Rs. Crore) Property Type
No. Date Holders
1. 100785230 Creation 21 Sep, 2023 26 Sep, 2023 ICICI BANK LIMITED 1.00 Immovable property 1
or any interest
therein - Others,
Movable property -
Equipment and
Machinery, Movable
property – Inventory,
Movable property -
Inventory (incl.
Receivables),
Movable property -
Others, Book debts,
Others (current
assets)
2. 100688900 Modification 9 Mar, 2023 27 Mar, 2023 ICICI BANK LIMITED 0.21 Immovable property 1
or any interest
therein - Others,
Movable property -
Equipment and
Machinery, Movable
Movable property -
Inventory (incl.
Receivables),
Movable property -
Others, Book debts,
Others (Current
Assets)
Creation 6 Mar, 2023 21 Mar, 2023 ICICI BANK LIMITED 0.21 Movable property - 1
Probe42.in Equipment and
Machinery, Movable
Movable property -
Inventory (incl.
Receivables), Book
debts, Others
(Current assets)
or any interest
therein - Others,
Movable property -
Equipment and
Machinery, Movable
Movable property -
Inventory (incl.
Receivables),
Movable property -
Others, Book debts,
Others (Current
Assets)

Page 19 of 63
Sl. Filing No. of

No. Date Holders
or any interest
therein - Others,
Movable property -
Equipment and
Machinery, Movable
Movable property -
Inventory (incl.
Receivables),
Movable property -
Others, Book debts,
Others (Current
Assets)
Modification 23 Dec, 2021 18 Jan, 2022 ICICI BANK LIMITED 10.55 Immovable property 1
or any interest there
in, Book debts,
Movable property
(not being pledge),
Floating charge,
Others (Current
Assets)
Modification 17 Jul, 2019 7 Aug, 2019 ICICI BANK LIMITED 15.05 Immovable property 1
in, Book debts,
Movable property
(not being pledge),
Others (Current
Assets)
Modification 17 Nov, 2015 24 Nov, 2015 ICICI BANK LIMITED 15.05 Immovable property 1
Probe42.in in, Book debts,

Movable property
(not being pledge),
Others (Current
assets)
Modification 28 Mar, 2014 29 Mar, 2014 ICICI BANK LIMITED 14.05 Immovable property, 1
Book debts,
Movable property
(not being pledge),
Others (Current
Assets)
Creation 14 Jan, 2014 14 Feb, 2014 ICICI BANK LIMITED 14.05 Book debts, 1
Movable property
(not being pledge),
Others (Current
Assets)
4. 100397092 Modification 1 Dec, 2020 28 Dec, 2020 ICICI BANK LIMITED 0.55 Immovable property 1
in, Book debts,
Movable property
(not being pledge),
Floating charge,
Others (Current
assets)
Creation 25 Nov, 2020 28 Dec, 2020 ICICI BANK LIMITED 0.55 Immovable property 1
in

Page 20 of 63
Sl. Filing No. of

No. Date Holders
5. 100367552 Creation 27 Aug, 2020 17 Sep, 2020 ICICI BANK LIMITED 1.89 Immovable property 1
in, Book debts,
Movable property
(not being pledge),
Floating charge,
Others (Current
Assets)
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Page 21 of 63
Satisfied Charges Sequence
Sl. Filing No. of

No. Date Holders
1. 100511687 Satisfaction 17 Aug, 2023 21 Aug, 2023 KOTAK MAHINDRA 7.50 - -
BANK LIMITED
Modification 6 Sep, 2022 7 Oct, 2022 KOTAK MAHINDRA 7.50 Immovable property 1
BANK LIMITED or any interest
therein - Others,
Movable property -
Equipment and
Machinery, Movable
Movable property -
Inventory (incl.
Receivables), Book
debts, Others
(Current Assets and
Movable fixed
assets)
Creation 29 Oct, 2021 22 Dec, 2021 KOTAK MAHINDRA 7.50 Book debts, 1
BANK LIMITED Movable property
(not being pledge),
Floating charge,
Others (Current
Assets and Movable
fixed assets)
2. 10476987 Satisfaction 10 Jul, 2018 20 Jul, 2018 ICICI BANK LIMITED 0.75 - -
Modification 28 Mar, 2014 29 Mar, 2014 ICICI BANK LIMITED 0.75 Immovable property, 1
Book debts,
Movable property
(not being pledge),
Others (Current
Creation 14 Jan, 2014

Probe42.in
14 Feb, 2014 ICICI BANK LIMITED
Assets)
0.75 Book debts, 1

Movable property
(not being pledge),
Others (Current
Assets)
3. 10241176 Satisfaction 29 Mar, 2014 23 May, 2014 ORIENTAL BANK OF 1.50 - -
COMMERCE
( now PUNJAB NATIONAL
BANK )
Creation 5 Aug, 2010 1 Oct, 2010 ORIENTAL BANK OF 1.50 Immovable property, 1
COMMERCE Others (Equipments)
BANK )
COMMERCE
BANK )
Creation 13 Feb, 2009 20 Mar, 2009 ORIENTAL BANK OF 0.60 Movable property 1
COMMERCE (not being pledge),
( now PUNJAB NATIONAL Others
BANK ) (Movable/Immovabl
e Assets of the co.)

COMMERCE
BANK )
Modification 5 Aug, 2010 30 Sep, 2010 ORIENTAL BANK OF 3.05 Immovable property 1
COMMERCE
BANK )

Page 22 of 63
Sl. Filing No. of

No. Date Holders
5. 10047648 Creation 21 Mar, 2007 3 May, 2007 ORIENTAL BANK OF 2.05 Others (BANK 1
COMMERCE GUARANTEE)
BANK )
COMMERCE
BANK )
Modification 5 Aug, 2010 20 Oct, 2010 ORIENTAL BANK OF 8.00 Immovable property, 1
COMMERCE Book debts,
( now PUNJAB NATIONAL Movable property
BANK ) (not being pledge),
Others (Stocks)
Modification 13 Feb, 2009 20 Mar, 2009 ORIENTAL BANK OF 7.85 Immovable property, 1
COMMERCE Book debts,
( now PUNJAB NATIONAL Movable property
BANK ) (not being pledge),
Others (Stock`s)
Modification 15 Oct, 2007 7 Dec, 2007 ORIENTAL BANK OF 7.25 Immovable property, 1
COMMERCE Book debts
BANK )
Creation 2 Dec, 2005 - - - - -
7. 80063670 Satisfaction 14 Nov, 2011 17 Nov, 2011 ORIENTAL BANK OF 1.20 - -
COMMERCE
BANK )
Creation 2 Dec, 2005 - - - - -
8. 10074414 Satisfaction 26 Aug, 2010 30 Aug, 2010 HEWLETT PACKARD 0.22 - -
FINANCIAL SERVICES
INDIA PRIVATE LIMITED
Creation 20 Nov, 2007 21 Nov, 2007 HEWLETT PACKARD 0.22 Movable property 1
FINANCIAL SERVICES (not being pledge)
9. 80057078 Satisfaction 16 Mar, 2010 1 Apr, 2010 Probe42.in

INDIA PRIVATE LIMITED
SMALL INDUSTRIES
DEVELOPMENT BANK
0.35 - -
OF INDIA
Creation 25 Nov, 2004 - - - - -
10. 10055181 Satisfaction 10 Feb, 2009 3 Mar, 2009 ICICI BANK LIMITED 0.09 - -
Creation 9 Sep, 2006 14 Sep, 2006 ICICI BANK LIMITED 0.09 Plant and machinery 1

Page 23 of 63
Open Charges Latest Events with Details
Sl. No. Charge ID Status Date Filing Date Holder Name Amount (Rs. Crore)
1. 100785230 Creation 21 Sep, 2023 26 Sep, 2023 ICICI BANK LIMITED 1.00
Charge Terms and Details of Assets Secured
Property Type Immovable property or any interest therein - Others, Movable property - Equipment and Machinery, Movable property –
Inventory, Movable property - Inventory (incl. Receivables), Movable property - Others, Book debts, Others (current
assets)
No. of Holders 1
Instrument Description 1. Deed of hypothecation 2. No instrument has been executed but the mortgage has been created by way of deposit of
tittle deeds with ICICI Bank Limited
Rate of Interest 9.1%
Terms of Payment As per credit arrangement letter dated August 28, 2023
Property Particulars 1. Exclusive Charge on Current Assets (Present and future) of the Company. 2. Exclusive Charge on Movable Fixed
Assets (Present and future) of the Company. 3. Exclusive charge on industrial property at Plot No. 01, Block-E , Sector-
63, Noida, Noida , Uttar Pradesh , India , 201305
Extent and Operation 1. Exclusive Charge on Current Assets (Present and future) of the Company. 2. Exclusive Charge on Movable Fixed
Assets (Present and future) of the Company. 3. Exclusive charge on industrial property at Plot No. 01, Block-E , Sector-
63, Noida, Noida , Uttar Pradesh , India , 201305
Other Terms -
Joint Holding NO
Consortium Holding NO
2. 100688900 Modification 9 Mar, 2023 27 Mar, 2023 ICICI BANK LIMITED 0.21
Inventory, Movable property - Inventory (incl. Receivables), Movable property - Others, Book debts, Others (Current
Assets)
No. of Holders 1
Instrument Description No instrument has been executed but the mortgage has been created by way of deposit of tittle deeds with ICICI Bank
Rate of Interest
Limited
9.1%
Probe42.in
Terms of Payment As per credit arrangement letter dated March 01, 2023
Assets (Present and future) of the Company. 3. Exclusive charge on industrial property(Office) located at plot no. E-1,
sector-63, Noida
sector-63, Noida
Other Terms -
Modification Particulars Term Loan Facility are additionally secured by Exclusive charge on industrial property(Office) located at plot no. E-1,
sector-63, Noida
Joint Holding NO
3. 10476985 Modification 9 Mar, 2023 27 Mar, 2023 ICICI BANK LIMITED 17.55
Inventory, Movable property - Inventory (incl. Receivables), Movable property - Others, Book debts, Others (Current
Assets)
No. of Holders 1
Instrument Description No instrument has been executed but the mortgage has been created by way of deposit of tittle deeds with ICICI Bank
Limited
Rate of Interest 9.5%
Terms of Payment As per credit arrangement letter dated March 01, 2023
sector-63, Noida

Page 24 of 63
sector-63, Noida
Other Terms -
Modification Particulars Enhanced working capital facilities are additionally secured by Exclusive charge on industrial property(Office) located at
plot no. E-1, sector-63, Noida
Joint Holding NO
4. 100397092 Modification 1 Dec, 2020 28 Dec, 2020 ICICI BANK LIMITED 0.55
Property Type Immovable property or any interest there in, Book debts, Movable property (not being pledge), Floating charge, Others
(Current assets)
No. of Holders 1
Instrument Description Deed of Hypothecation dated 1-dec-2020
Rate of Interest As per the ICICI Bank Sanctions Terms.
Terms of Payment As per the ICICI Bank Sanctions Terms.
Property Particulars 1. Exclusive Charge on Industrial Property situated at E-1, Sector - 63, Noida.2. First pari passu charge on entire current
assets including receivables and inventory3. First pari passu charge on Movable fixed assets
Extent and Operation 1. Exclusive Charge on Industrial Property situated at E-1, Sector - 63, Noida.2. First pari passu charge on entire current
assets including receivables and inventory3. First pari passu charge on Movable fixed assets
Other Terms -
Modification Particulars Derivative limits are additionally secured by 1..First pari passu charge on entire current assets including receivables and
inventory2. First pari passu charge on Movable fixed assetsAll other terms and conditions as per the ICICI Banks
sanction terms
Joint Holding NO
5. 100367552 Creation 27 Aug, 2020 17 Sep, 2020 ICICI BANK LIMITED 1.89
Property Type Probe42.in
Immovable property or any interest there in, Book debts, Movable property (not being pledge), Floating charge, Others
(Current Assets)
No. of Holders 1
Instrument Description 1. Deed of Hypothecation2. No Instrument was executed but a Mortgage by way of actual delivery of Title Deeds was
created on 27th August 2020
Rate of Interest As per the ICICI Bank Sanctions Terms.
Terms of Payment As per the ICICI Bank Sanctions Terms.
Property Particulars 1. Second Charge on current assets of the Company.2. Second Charge on movable assets of the Company.3. Second
charge on Industrial property situated at Plot No. E - 1, Sector - 63 Noida (U.P)
Extent and Operation 1. Second Charge on current assets of the Company.2. Second Charge on movable fixed assets of the Company.3.
Second charge on Industrial property situated at Plot No. E - 1, Sector - 63 Noida (U.P)
Other Terms -
Joint Holding NO

Page 25 of 63
Peer Comparison
Comparative Metrics
Industry: Information Technology | Segment(s): IT Consulting and Other Services

FY 2020 FY 2021 FY 2022 FY 2023
Metrics
Actual Value Median Actual Value Median Actual Value Median Actual Value Median
# of Peers in Sample 30 30 30 30
Revenue (Rs. Crore) 171.43 115.70 153.68 122.85 186.25 163.09 188.84 190.35
Revenue Growth (%) 6.2 15.3 -10.3 7.0 21.2 30.7 1.4 21.4
EBITDA Margin (%) 1.6 13.0 1.9 14.5 1.9 14.8 2.1 14.2
Net Margin (%) 0.7 9.5 0.6 6.9 1.0 9.8 1.0 10.3
Return on Equity (%) 5.0 16.6 3.6 15.8 6.9 21.0 6.9 19.3
Debt / Equity 0.5 0.0 0.3 0.0 0.3 0.0 0.1 0.0
Inventory / Sales (Days) 19 0 19 0 17 0 24 0
Debtors / Sales (Days) 79 73 69 71 68 73 67 70
Payables / Sales (Days) 58 18 48 17 37 14 48 13
Cash Conversion Cycle (Days) 39 45 40 51 48 46 43 53
Sales / Net Fixed Assets 28.5 15.7 27.5 17.8 30.3 20.8 32.7 23.0
5 Closest Peers by Revenue

Legal Name City Revenue (Rs. Crore)
SCIOINSPIRE CONSULTING SERVICES (INDIA) PRIVATE LIMITED NEW DELHI 194.50
EXELA TECHNOLOGIES INDIA PRIVATE LIMITED MUMBAI 191.86
PATH INFOTECH LIMITED NEW DELHI 188.84
HITACHI SOLUTIONS INDIA PRIVATE LIMITED CHENNAI 185.22
COMPANY3 METHOD INDIA PRIVATE LIMITED PUNE 183.05
Probe42.in

Page 26 of 63
Standalone
Auditors' Comments - Standalone

Whether Auditors' Report has been
Financial
Qualified or has any Reservations or Comments Given By
Year
Contains Adverse Remarks
2023 No -
2022 No -
2021 No -
Comments under Auditors' Report and Directors' Report
There are no comments available.
Probe42.in

Page 27 of 63
Auditors' Comments - Consolidated
Whether Auditors' Report has been
Financial
Qualified or has any Reservations or Comments Given By
Year
Contains Adverse Remarks
2023 No -
2022 No -
2021 No -
Comments under Auditors' Report and Directors' Report
There are no comments available.
Probe42.in

Page 28 of 63
GST
Active GSTINs
GSTIN State Latest Filing(s) Financial Year Tax Period

07AABCP0471C1ZX Delhi GSTR3B 20 Nov, 2023 2023-2024 October See Annexure for
GSTR2X 17 Nov, 2023 2023-2024 October Filing Details
GSTR1 10 Nov, 2023 2023-2024 October
27AABCP0471C1ZV Maharashtra GSTR3B 20 Nov, 2023 2023-2024 October See Annexure for
GSTR1 10 Nov, 2023 2023-2024 October
09AABCP0471C1ZT Uttar Pradesh GSTR3B 20 Nov, 2023 2023-2024 October See Annexure for
GSTR1 10 Nov, 2023 2023-2024 October
Inactive GSTINs
GSTIN Status State

06AABCP0471C1ZZ Cancelled Haryana See Annexure for Filing Details
Probe42.in

Page 29 of 63
Legal History
Cases Filed Against this Corporate
Pending Cases
There are no Pending Cases as per our records.
Disposed Cases
Date of
Case Category Court Petitioner(s) Case No.
Judgement
Arbitration Matters HIGH COURT OF DELHI M/S INPLAN ARB.P. 466/2007 26 May, 2008
Civil Cases SENIOR CIVIL JUDGE CUM RC, SANDEEP SINGH CS SCJ/51196/2016 28 Feb, 2020
SOUTH-EAST , SAKET
Corporate Disputes HIGH COURT OF DELHI AMIT GUPTA CO.PET. 58/2007 6 Dec, 2007
Cases Filed By this Corporate
Pending Cases
Date of Last
Case Category Court Respondent(s) Case No.
Hearing
Civil Cases CIVIL JUDGE SENIOR DIVISION, M/S TEKCARE INDIA P LTD CS/25/2022 15 May, 2023
GURUGRAM
NI Act / Company Offences CHIEF JUDICIAL MAGISTRATE Ms Indian Institute Of hard ware Complaint Cases/1600782/2012 26 Sep, 2019
Technology Ltd
Disposed Cases
There are no Disposed Cases as per our records.
Cases for Consolidation of Corporate Affairs
There are no cases for consolidation of corporate affairs as per our records.
Probe42.in

Page 30 of 63
Credit Ratings
CRISIL
23 Jun, 2023
Instrument Amount Currency Rating Action Outlook Remarks

Bank Guarantee 3.05 INR Crore A3 Reaffirmed - -
Cash Credit 7.50 INR Crore BBB- Reaffirmed Stable -
Loan Against Property 0.50 INR Crore BBB- Reaffirmed Stable -
Proposed Cash Credit 0.45 INR Crore BBB- Reaffirmed Stable -
See Annexure for Past Ratings
Probe42.in

Page 31 of 63
Unaccepted Ratings
This corporate or any of its financial instruments do not have an unaccepted rating on or after 2017 as per our records.
Probe42.in

Page 32 of 63
Compliance
Incidents of Name Removal U/S 248(5) by ROC
As per our records, this corporate name was never removed under section 248(5) by ROC.
BIFR History
This corporate has no BIFR Cases as per our records.
Corporate Debt Restructuring (CDR) History
This corporate has no CDR History as per our records.
Suit Filed Cases as per Bureaus
This corporate does not appear to have any Suit Filed Cases with the Bureaus' as per our records.
Probe42.in

Page 33 of 63
Establishments Registered with EPFO
Latest Wage Latest Date No. of Amount

Establishment ID Establishment Name City
Month of Credit Employees (Rs. Crore)
See Annexure for
DSNHP0017969000 PATH INFOTECH LTD NEW DELHI Sep, 2023 10 Oct, 2023 490 0.30
Payment Details
Probe42.in

Page 34 of 63
Annexure - Contact Details
Email Phone
aasheesh@pathinfotech.com +91-9811690484
contact.in@pathinfotech.com +91-120-4726100
+91-11-49067501
+91-22-42766700
Probe42.in

Page 35 of 63
Annexure - Standalone Financial Data
Equity
Other Equity* 0.00 0.00 0.00
Total Equity 21.51 22.76 23.64
Liabilities
Current Liabilities
Assets
Net Fixed Assets
Capital Work-in-progress 1.49 1.87 2.69
Other Non-current Assets
Non-current Investments Probe42.in 0.28 0.28 0.73
Current Assets
Total Assets 51.13 70.75 74.30

Page 36 of 63
Equity
Other Equity* 0.00 0.00 0.00
Total Equity 18.03 19.43 20.33
Liabilities
Current Liabilities
Assets
Net Fixed Assets
Net Deferred Tax Assets
Long Term Loans and Advances
Probe42.in 0.39
0.23
0.48
0.23
0.57
0.38
Current Assets
Total Assets 51.74 54.82 54.54

Page 37 of 63
Balance Sheet - AOC-4 (Rs. Crore) 31 Mar, 2014
Equity
Share Capital 0.48
Reserves and Surplus 16.61
Other Equity* 0.00
Total Equity 17.10
Liabilities
Long Term Borrowings 0.00
Net Deferred Tax Liabilities -
Other Long Term Liabilities 0.00
Long Term Provisions 1.19
Total Non-current Liabilities 1.19
Current Liabilities
Short Term Borrowings 9.02
Trade Payables 11.90
Other Current Liabilities 6.79
Short Term Provisions 0.00
Total Current Liabilities 27.70
Total Equity and Liabilities 45.98
Assets
Net Fixed Assets
Tangible Assets 3.66
Intangible Assets 0.00
Total Net Fixed Assets 3.66
Capital Work-in-progress 0.00
Non-current Investments 0.29
Probe42.in 0.26
0.18
Other Non-current Assets 0.02
Total Other Non-current Assets 0.75
Current Assets
Current Investments 0.00
Inventories 5.52
Trade Receivables 24.08
Cash and Bank Balances 0.64
Short Term Loans and Advances 11.33
Other Current Assets -
Total Current Assets 41.57
Total Assets 45.98

Page 38 of 63
Net Revenue * 137.75 161.35 171.43
Operating Cost
Income Tax 0.66 0.61 0.34
Net Revenue * 123.88 136.51 113.92
Operating Cost
Purchases of Stock-in-trade
Changes in Inventories / Finished Goods
Employee Benefit Expense
Probe42.in 94.10
-2.87
25.66
98.89
-0.41
30.56
76.14
-1.03
31.78
Income Tax 0.45 0.68 0.44

Page 39 of 63
Profit & Loss - AOC-4 (Rs. Crore) 31 Mar, 2014
Net Revenue * 97.04
Operating Cost
Cost of Materials Consumed 0.00
Purchases of Stock-in-trade 68.81
Changes in Inventories / Finished Goods -1.91
Employee Benefit Expense 23.98
Other Expenses 3.66
Total Operating Cost 94.55
Operating Profit ( EBITDA ) 2.49
Other Income 0.37
Depreciation and Amortization Expense 0.67
Profit Before Interest and Tax 2.19
Finance Costs 1.08
Profit Before Tax and Exceptional Items Before Tax 1.11
Exceptional Items Before Tax -
Profit Before Tax 1.11
Income Tax 0.36
Profit for the Period from Continuing Operations 0.75
Profit from Discontinuing Operations After Tax -
Profit for the Period 0.75
Payment to Auditors 0.02 0.02 0.04
Insurance Expenses 0.31 0.34 0.37
Power and Fuel *
Probe42.in 0.33 0.32 0.38
Power and Fuel * 0.37 0.38 0.37
Profit & Loss - Key Schedule (Rs. Crore) 31 Mar, 2014

Managerial Remuneration 0.00
Payment to Auditors 0.01
Insurance Expenses 0.05
Power and Fuel * 0.34

Page 40 of 63
Assets
Liabilities
Other Adjustments in Operating Activities 0.58 0.18 -1.74
Cash Outflow from Purchase of Assets 1.81 3.53 -0.01
Cash Inflow from Sale of Assets 0.01 0.01 -2.15
Other Adjustments in Investing Activities -0.17 0.02 -1.04
Cash Outflow from Repayment of Capital and - - 1.52
Borrowings
Cash Inflow from Raising Capital and - 0.00 2.23
Borrowings
Net Cash Flows from / ( Used in ) -1.30 -1.23 0.41
Increase / ( Decrease ) in Cash and Cash Equivalents Before -1.35 -0.42 2.36
Net Increase / ( Decrease ) in Cash and Cash Equivalents -1.35 -0.42 2.36
Probe42.in

Page 41 of 63
Adjustments for Current and Non-Current -6.23 -2.43 1.68
Assets
Adjustments for Current and Non-Current 4.24 2.02 -0.92
Liabilities
Other Adjustments in Investing Activities -0.04 -0.05 0.14
Cash Outflow from Repayment of Capital and - - 0.26
Borrowings
Cash Inflow from Raising Capital and 0.58 -0.26 -
Borrowings
Increase / ( Decrease ) in Cash and Cash Equivalents Before -0.14 0.06 1.72
Net Increase / ( Decrease ) in Cash and Cash Equivalents -0.14 0.06 1.72
Probe42.in

Page 42 of 63
Cash Flow - AOC-4 (Rs. Crore) 31 Mar, 2014
Profit Before Tax 1.11
Adjustment for Finance Cost and Depreciation 1.56
Adjustments for Current and Non-Current 1.21
Assets
Adjustments for Current and Non-Current -1.82
Liabilities
Other Adjustments in Operating Activities -0.43
Net Cash Flows from / ( Used in ) 1.62
Cash Outflow from Purchase of Assets 0.33
Cash Inflow from Sale of Assets 0.01
Income from Assets 0.49
Other Adjustments in Investing Activities 0.03
Net Cash Flows from / ( Used in ) 0.20
Cash Outflow from Repayment of Capital and -
Borrowings
Cash Inflow from Raising Capital and -0.21
Borrowings
Interest and Dividends Paid 0.71
Other Adjustments in Financing Activities -
Net Cash Flows from / ( Used in ) -0.91
Increase / ( Decrease ) in Cash and Cash Equivalents Before 0.91
Adjustments to Cash and Cash Equivalents -
Net Increase / ( Decrease ) in Cash and Cash Equivalents 0.91
Cash and Cash Equivalents at End of Period 0.27
Probe42.in

Page 43 of 63
Ratios - AOC-4 31 Mar, 2018 31 Mar, 2019 31 Mar, 2020
Revenue Growth (%) 20.9 17.1 6.2
Net Margin (%) 0.9 0.8 0.7

Revenue Growth (%) 27.7 10.2 -16.5
Net Margin (%) 0.8 1.0 0.8
Current Ratio
Quick Ratio
Inventory / Sales (Days)
Probe42.in 1.5
1.2
25
1.5
1.2
24
1.5
1.2
32
Ratios - AOC-4 31 Mar, 2014

Revenue Growth (%) -3.3
Gross Profit Margin (%) 31.1
EBITDA Margin (%) 2.6
Net Margin (%) 0.8
Return on Equity (%) 4.4
Return on Capital Employed (%) 8.4
Debt Ratio 0.2
Debt / Equity 0.5
Interest Coverage Ratio 2.0
Current Ratio 1.5
Quick Ratio 1.3
Inventory / Sales (Days) 21
Debtors / Sales (Days) 91
Payables / Sales (Days) 45
Cash Conversion Cycle (Days) 67
Sales / Net Fixed Assets 26.5

Page 44 of 63
Annexure - Consolidated Financial Data
Equity
Other Equity* 0.00 0.00 0.00
Total Equity 31.81 34.82 34.88
Liabilities
Current Liabilities
Assets
Net Fixed Assets
Non-current Investments Probe42.in 0.00 0.00 0.45
Current Assets
Total Assets 74.22 90.76 92.51

Page 45 of 63
Equity
Other Equity* 0.00 0.00 0.00
Total Equity 23.41 25.91 28.67
Liabilities
Current Liabilities
Assets
Net Fixed Assets
Probe42.in 0.39
0.27
0.48
0.27
0.57
0.42
Current Assets
Total Assets 60.33 64.90 66.95

Page 46 of 63
Net Revenue * 171.55 200.80 208.14
Operating Cost
Income Tax 1.00 0.97 0.72
Net Revenue * 146.10 162.52 147.48
Operating Cost
Purchases of Stock-in-trade
Changes in Inventories / Finished Goods
Probe42.in 98.10
-2.87
103.52
-0.41
83.79
-1.03
Income Tax 0.46 0.79 0.59

Page 47 of 63
Power and Fuel * 0.33 0.32 0.38
Power and Fuel * 0.37 0.38 0.30
Adjustments for Current and Non-Current 2.72 -11.44 1.43
Assets
Adjustments for Current and Non-Current -6.51 13.53 -0.54
Liabilities
Other Adjustments in Operating Activities 0.20 -0.35 -1.10
Other Adjustments in Investing Activities
Net Cash Flows from / ( Used in )
Probe42.in -0.17
-1.60
0.02
-3.32
-1.49
-2.79
Borrowings
Cash Inflow from Raising Capital and - 0.00 2.23
Borrowings
Other Adjustments in Financing Activities -0.12 0.15 -0.50

Page 48 of 63
Adjustments for Current and Non-Current -7.39 -2.70 -4.80
Assets
Adjustments for Current and Non-Current 4.74 2.32 5.75
Liabilities
Other Adjustments in Investing Activities -0.04 -0.05 0.14
Net Cash Flows from / ( Used in ) -0.34 -0.59 0.33
Borrowings
Cash Inflow from Raising Capital and 0.58 -0.26 -0.26
Borrowings
Other Adjustments in Financing Activities -0.04 0.35 -0.25
Probe42.in

Page 49 of 63
Revenue Growth (%) 16.3 17.1 3.6
Net Margin (%) 1.9 1.4 0.4
Return on Capital Margin (%) 14.3 10.8 6.9

Revenue Growth (%) - 11.2 -9.2
Net Margin (%) 0.9 1.3 2.0
Return on Capital Margin (%) 8.7 11.4 13.2
Current Ratio
Quick Ratio
Inventory / Sales (Days)
Probe42.in 1.6
1.4
21
1.6
1.4
20
1.7
1.4
24

Page 50 of 63
Annexure - Financial Parameters

Number of employees - - 446
0.00 0.00 0.00
AS-18

Number of employees - - -
0.00 0.00 0.00
AS-18
Probe42.in

Page 51 of 63
Annexure - Related Party Transactions
Financial Year (FY) - 2022
FY 2022 - Individuals

Relatives
ARUN AGARWAL Subsidiary Revenue 2.36

Relatives
Relatives
FY 2022 - Others

PATH INFOTECH PTY LTD. Subsidiary Revenue 1.06

Relatives
ARUN AGARWAL Subsidiary Probe42.in Revenue 4.64

Relatives
Relatives
FY 2021 - Others


Relatives

Relatives
Relatives

Page 52 of 63
FY 2020 - Others


Relatives

Relatives
Relatives
FY 2019 - Others

FY 2018 - Individuals Probe42.in

Relatives

Relatives
Relatives
FY 2018 - Others


Relatives

Page 53 of 63

ARUN AGARWAL We could not Identify the Relationship Revenue 0.02
Category
Relatives
Relatives
FY 2017 - Others

PATH INFOTECH LLC Subsidiary Revenue 1.70

Relatives
ARUN AGARWAL We could not Identify the Relationship Revenue 0.11
Category
Relatives
TARUN AGARWAL
Relatives Probe42.in
Key Management Personnel and Their Expense ****
FY 2016 - Others

PATH INFOTECH LLC Subsidiary Revenue 0.99
FY 2015 - Company

PATHCRM SOFTWARE SOLUTIONS PRIVATE Subsidiary Revenue 0.75
LIMITED

Relatives
ARUN AGARWAL We could not Identify the Relationship Expense ****
Category

Page 54 of 63

Relatives
Relatives
FY 2015 - Others

Probe42.in

Page 55 of 63
Annexure - GST
Active GSTINs - Filing Details

07AABCP0471C1ZX Delhi GSTR3B 20 Nov, 2023 2023-2024 October
GSTR2X 17 Nov, 2023 2023-2024 October
GSTR1 10 Nov, 2023 2023-2024 October
Date of Registration : 1 Jul, 2017 Centre Jurisdiction : RANGE - 76
GSTIN Status : Active State Jurisdiction : Ward 96
State : Delhi Taxpayer Type : Regular
Legal Name of Business : PATH INFOTECH LIMITED Trade Name : PATH INFOTECH LIMITED
Nature of Business Activities : Office / Sale Office | Others
Return Type Financial Year Tax Period Date of Filing Status

GSTR3B 2023-2024 October 20 Nov, 2023 Filed
GSTR2X 2023-2024 October 17 Nov, 2023 Filed
GSTR1 2023-2024 October 10 Nov, 2023 Filed
GSTR3B 2023-2024 September 20 Oct, 2023 Filed
GSTR2X 2023-2024 September 17 Oct, 2023 Filed
GSTR1 2023-2024 September 10 Oct, 2023 Filed
GSTR3B 2023-2024 August 20 Sep, 2023 Filed
GSTR2X 2023-2024 August 19 Sep, 2023 Filed
GSTR1 2023-2024 August 9 Sep, 2023 Filed
GSTR3B 2023-2024 July 18 Aug, 2023 Filed
GSTR2X 2023-2024 July 14 Aug, 2023 Filed
GSTR1 2023-2024 July 10 Aug, 2023 Filed
GSTR3B 2023-2024 June 19 Jul, 2023 Filed
GSTR2X 2023-2024 June 14 Jul, 2023 Filed
GSTR1
GSTR3B Probe42.in
2023-2024
2023-2024
June
May
10 Jul, 2023
20 Jun, 2023
Filed
Filed
GSTR2X 2023-2024 May 16 Jun, 2023 Filed
GSTR1 2023-2024 May 9 Jun, 2023 Filed
GSTR3B 2023-2024 April 19 May, 2023 Filed
GSTR2X 2023-2024 April 17 May, 2023 Filed
GSTR1 2023-2024 April 10 May, 2023 Filed
GSTR3B 2022-2023 March 20 Apr, 2023 Filed
GSTR2X 2022-2023 March 19 Apr, 2023 Filed
GSTR1 2022-2023 March 10 Apr, 2023 Filed
GSTR3B 2022-2023 February 20 Mar, 2023 Filed
GSTR2X 2022-2023 February 17 Mar, 2023 Filed
GSTR1 2022-2023 February 10 Mar, 2023 Filed
GSTR3B 2022-2023 January 20 Feb, 2023 Filed
GSTR2X 2022-2023 January 20 Feb, 2023 Filed
GSTR1 2022-2023 January 10 Feb, 2023 Filed
GSTR3B 2022-2023 December 20 Jan, 2023 Filed
GSTR2X 2022-2023 December 18 Jan, 2023 Filed
GSTR1 2022-2023 December 11 Jan, 2023 Filed
GSTR9 2021-2022 Annual 30 Dec, 2022 Filed
GSTR9C 2021-2022 Annual 30 Dec, 2022 Filed
GSTR3B 2022-2023 November 20 Dec, 2022 Filed
GSTR2X 2022-2023 November 16 Dec, 2022 Filed
GSTR1 2022-2023 November 9 Dec, 2022 Filed

Page 56 of 63

GSTR1 2022-2023 June 9 Jul, 2022 Filed
GSTR3B 2022-2023 May 20 Jun, 2022 Filed
GSTR9 2020-2021 Annual 28 Feb, 2022 Filed
GSTR9C 2020-2021 Annual 28 Feb, 2022 Filed
GSTR3B
GSTR2X
GSTR2X
Probe42.in
2021-2022
2021-2022
2021-2022
December
November
December
20 Jan, 2022
19 Jan, 2022
19 Jan, 2022
Filed
Filed
Filed

27AABCP0471C1ZV Maharashtra GSTR3B 20 Nov, 2023 2023-2024 October
GSTR1 10 Nov, 2023 2023-2024 October
Date of Registration : 1 Jul, 2017 Centre Jurisdiction : RANGE-I
GSTIN Status : Active State Jurisdiction : MALAD-WEST_501
State : Maharashtra Taxpayer Type : Regular
Legal Name of Business : PATH INFOTECH LIMITED Trade Name : PATH INFOTECH LTD
Nature of Business Activities : Office / Sale Office | Supplier of Services | Others


Page 57 of 63

GSTR3B
GSTR2X
GSTR1
Probe42.in
2022-2023
2022-2023
2022-2023
November
November
November
20 Dec, 2022
16 Dec, 2022
9 Dec, 2022
Filed
Filed
Filed

Page 58 of 63

GSTR2X 2021-2022 December 18 Feb, 2022 Filed
GSTR2X 2021-2022 November 19 Jan, 2022 Filed

09AABCP0471C1ZT Uttar Pradesh GSTR3B 20 Nov, 2023 2023-2024 October
GSTR1 10 Nov, 2023 2023-2024 October
Date of Registration : 1 Jul, 2017 Centre Jurisdiction : RANGE - 1
GSTIN Status : Active State Jurisdiction : Noida Sector-10
State : Uttar Pradesh Taxpayer Type : Regular
Legal Name of Business : PATH INFOTECH LIMITED Trade Name : M/S PATH INFOTECH LTD
Nature of Business Activities : Others

GSTR2X
GSTR1
Probe42.in
2023-2024
2023-2024
October
October
17 Nov, 2023
10 Nov, 2023
Filed
Filed

Page 59 of 63

GSTR2X 2022-2023 November 16 Dec, 2022 Filed
GSTR2X
GSTR1
GSTR3B
Probe42.in
2022-2023
2022-2023
2022-2023
May
May
April
17 Jun, 2022
10 Jun, 2022
19 May, 2022
Filed
Filed
Filed
GSTR2X 2021-2022 November 19 Jan, 2022 Filed
Inactive GSTINs - Filing Details
GSTIN Status State

06AABCP0471C1ZZ Cancelled Haryana

Page 60 of 63
Date of Registration : 1 Jul, 2017 Centre Jurisdiction : RANGE -13
GSTIN Status : Cancelled State Jurisdiction : Faridabad (East) Ward 3
State : Haryana Taxpayer Type : Regular
Legal Name of Business : PATH INFOTECH LIMITED Trade Name : PATH INFOTECH LIMITED
Nature of Business Activities : Others

GSTR9C 2017-2018 Annual 27 Aug, 2019 Filed
GSTR10 2019-2020 April 26 Aug, 2019 Filed
GSTR9 2017-2018 Annual 23 Aug, 2019 Filed
Probe42.in

Page 61 of 63
Annexure - Credit Ratings
CRISIL
23 Jun, 2023

23 May, 2022

24 Feb, 2021

Proposed Working Capital 3.45 INR Crore BBB- Reaffirmed Stable -
Facility
28 Nov, 2019 Probe42.in


Page 62 of 63
Annexure - EPFO Payment Details
Latest Wage Latest Date No. of Amount

Establishment ID Establishment Name City
Month of Credit Employees (Rs. Crore)
DSNHP0017969000 PATH INFOTECH LTD NEW DELHI Sep, 2023 10 Oct, 2023 490 0.30
Date of Setup : 3 Jul, 1991 Working Status : LIVE ESTABLISHMENT
Principal Business Activities : ESTABLISHMENT ENGAGED IN MANUFACTURE, MARKETING SERVICING, USAGE OF
COMPUTERS
Address : Exemption Status :
DPT 806, DLF PRIME TOWERS, OKHLA INDUSTRIAL AREA, PHASE-I PF : UNEXEMPTED
NEW DELHI - 110076 Pension : UNEXEMPTED
DELHI EDLI : UNEXEMPTED
TRRN Wage Month Date of Credit No. of Employees Amount (Rs. Crore)
1052310006170 Sep, 2023 10 Oct, 2023 490 0.30
1052309004591 Aug, 2023 8 Sep, 2023 492 0.29
1052308004820 Jul, 2023 9 Aug, 2023 479 0.29
1052307007217 Jun, 2023 13 Jul, 2023 479 0.29
1052306004413 May, 2023 8 Jun, 2023 476 0.29
1052305003657 Apr, 2023 10 May, 2023 476 0.29
1052304006167 Mar, 2023 10 Apr, 2023 487 0.29
1052303005346 Feb, 2023 9 Mar, 2023 488 0.29
1052302004760 Jan, 2023 10 Feb, 2023 478 0.29
1052301005230 Dec, 2022 10 Jan, 2023 465 0.28
1052212004952 Nov, 2022 13 Dec, 2022 457 0.28
1052212005024 Oct, 2022 13 Dec, 2022 162 0.01
1052211005599 Oct, 2022 9 Nov, 2022 456 0.26
1052210005316 Sep, 2022 10 Oct, 2022 454 0.26
1052209004643 Aug, 2022 8 Sep, 2022 447 0.25
1052208004433 Jul, 2022 10 Aug, 2022 456 0.25
1052207004047
1052206003193
Jun, 2022
May, 2022
Probe42.in 8 Jul, 2022
8 Jun, 2022
454
445
0.25
0.24
1052205003831 Apr, 2022 9 May, 2022 431 0.23
1052204003359 Mar, 2022 8 Apr, 2022 432 0.23
1052203003701 Feb, 2022 8 Mar, 2022 436 0.23
1052202003406 Jan, 2022 8 Feb, 2022 433 0.23
1052201007552 Dec, 2021 17 Jan, 2022 427 0.23
1052112004110 Nov, 2021 10 Dec, 2021 412 0.22
1052111002838 Oct, 2021 10 Nov, 2021 407 0.22

Page 63 of 63

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PATH INFOTECH LIMITED

5.2. Subsidiary Corporates 16

Marked Copy For : Amey Nayak

About The Company

Industry And Segment(s) Probe42.in

Principal Business Activities - 31 Mar, 2021

Main Activity Description of Main Business

Marked Copy For : Amey Nayak

Non-current Investments 0.72 0.72 0.72

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Non-current Investments 0.45 0.45 0.45

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Year Auditor Name Auditor Firm Name PAN Address

Year Auditor Name Auditor Firm Name PAN Address

Parameter (Rs. Crore) 31 Mar, 2021 31 Mar, 2022 31 Mar, 2023

Marked Copy For : Amey Nayak

Name Relationship Transaction Type Amount (Rs. Crore)

Name Relationship Transaction Type Amount (Rs. Crore)

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Share Holding Pattern

Promoters - 31 Mar, 2021

Category Equity Preference

Public / Other Than Promoters - 31 Mar, 2021

Category Equity Preference

Marked Copy For : Amey Nayak

Name Designation Shareholding (%) Number of Shares Cessation Date

TARUN AGARWAL Wholetime Director 32.64 6,286,400 -

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

Subsidiary Corporates - Others

Corporate Name Shareholding (%) Country Remarks

Associate Corporates - Company

*PUC *SOC *Date of

Marked Copy For : Amey Nayak

Marked Copy For : Amey Nayak

*PUC *SOC *Date of Appointment Cessation

PANKAJ RATRA ( DIN : 00165108 ) - Company:

*PUC *SOC *Date of Appointment Cessation

TARUN AGARWAL ( DIN : 00110773 ) - Company:

*PUC *SOC *Date of Appointment Cessation

Marked Copy For : Amey Nayak

Open Charges Sequence

Sl. Filing No. of

Marked Copy For : Amey Nayak

Sl. Filing No. of

Probe42.in in, Book debts,

Marked Copy For : Amey Nayak

Sl. Filing No. of

Marked Copy For : Amey Nayak

Sl. Filing No. of

Creation 14 Jan, 2014

0.75 Book debts, 1

5. 10047648 Satisfaction 29 Mar, 2014 23 May, 2014 ORIENTAL BANK OF 3.05 - -

Marked Copy For : Amey Nayak

Sl. Filing No. of

9. 80057078 Satisfaction 16 Mar, 2010 1 Apr, 2010 Probe42.in

PUC SOC *Date of

PUC SOC *Date of Appointment Cessation

PUC SOC *Date of Appointment Cessation

PUC SOC *Date of Appointment Cessation