About Edgeverve Systems Limited
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Edgeverve Systems Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Infosys Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 14 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014PLC073660. Its GSTIN is 29AADCE6300K1ZN (Karnataka). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4,100 Cr and a paid-up capital of ₹1,311.84 Cr. It is led by directors including Sateesh Seetharamiah (Whole-Time Director) and Sajit Vijayakumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 44 Electronic City Hosur Main Road, Bangalore, Karnataka, India – 560100.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,176.81 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹1,094.91 Cr (net margin 26.2%) and EBITDA of ₹1,561.94 Cr (EBITDA margin 37.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
The company has about 2,644 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Finacle, oeCloud and EdgeVerve Systems. Court records list 4 cases involving the company, including 4 filed by the company; 3 cases are pending. The company has 3 deals on record (3 acquisitions); the latest was in December 2015. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Mastercard Technology Private Limited with revenue of ₹4,600.07 Cr. The company has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website edgeverve.com.
Company details
Contact details
Edgeverve Systems Limited's registered office is in Bangalore, Karnataka. Its website is edgeverve.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 44 Electronic City Hosur Main Road, Bangalore, Karnataka, India – 560100
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Edgeverve Systems Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Edgeverve Systems operates multiple associated brands including Finacle, oeCloud, and EdgeVerve Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud-native banking software and services to global financial institutions. | finacle.com | |
| Functions as an open-source framework for developing and deploying cloud-native applications. | oecloud.io | |
| Cross-functional software suites for banking operations are provided. | edgeverve.com |
Business activity
The main business activity of Edgeverve Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Edgeverve Systems Limited, buy the company report.
Financials of Edgeverve Systems Limited
FY 2025 filings availableEdgeverve Systems Limited reported revenue of ₹4,176.81 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 14% growth in the latest year. EBITDA rose 30% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1,561.94 Cr | ||||
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| Net Profit (PAT) | ₹1,094.91 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 37.4% | ||||
| Net Profit Margin | 26.2% | ||||
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To see the full financial statements and ratios of Edgeverve Systems Limited, buy the company report.
Board of directors and KMP of Edgeverve Systems Limited
Edgeverve Systems Limited currently reports 7 directors and 1 key managerial person. 30 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karmesh Gul Vaswani Also directs: Infosys BPM Limited | Director | 17 Jul 2023 | 3 Years 3 Months | Current |
| Martha Geiger King Also directs: Infosys BPM Limited | Director | 10 May 2021 | 5 Years 5 Months | Current |
| Divakar Bhaskar Also directs: Aikyaa Consultancy Services LLP | Company Secretary | 01 Apr 2025 | 1 Years 7 Months | Current |
| Dennis Kantilal Gada | Director | 13 Sep 2021 | 5 Years 1 Months | Current |
| Sateesh Seetharamiah | Whole-Time Director | 27 Sep 2021 | 5 Years 1 Months | Current |
| Sajit Vijayakumar | Whole-Time Director | 16 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Edgeverve Systems Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mastercard Technology Private Limited | ₹4,600.07 Cr (FY 2025) | 33.0% | Pune, Maharashtra, India | |||
| Eaton Technologies Private Limited | ₹4,478.45 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India | |||
| Us Technology International Private Limited | ₹4,352.01 Cr (FY 2025) | 13.0% | Kulathoor, Kerala, India | |||
| Cgi Information Systems and Management Consultants Private Limited | ₹4,282.31 Cr (FY 2024) | 8.0% | Bangalore, Karnataka, India | |||
| Hitachi Digital Services India Private Limited | ₹4,268.39 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India | |||
| Edgeverve Systems Limitedthis company | ₹4,176.81 Cr (FY 2025) | ₹1,094.91 Cr | 26.2% | 14.0% | 2,644 | Bangalore, Karnataka, India |
| Hewlett Packard (India) Software Operation Private Limited | ₹4,125.9 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Syntel Private Limited | ₹4,090 Cr (FY 2024) | 1.0% | Mumbai, Maharashtra, India | |||
| Tata Elxsi Limited | ₹3,908.36 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| Deloitte Support Services India Private Limited | ₹3,710.48 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Edgeverve Systems Limited, buy the company report.
Auditor
Edgeverve Systems Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Edgeverve Systems Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Edgeverve Systems Limited, buy the company report.
Deals & funding
Edgeverve Systems Limited has 3 deals on record (3 acquisitions); the latest was in December 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Acquisition | ₹850 Cr | Buyer: Infosys Innovation Fund |
| Sep 2014 | Acquisition | ₹420.84 Cr | Buyer: Infosys Innovation Fund |
| Sep 2014 | Acquisition | ₹40 Cr | Buyer: Infosys Innovation Fund |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Edgeverve Systems Limited has 4 court cases on record: 4 filed by Edgeverve Systems. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Assistant Commissioner of Income Tax | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Additional / Joint/ Deputy /Assistant Commissioner of Income Tax and 2 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Union of India | Pending |
| High Court | Writ petition | Filed by the company against Additonal/Joint/Deputy/Assistant Commissioner of Income Tax/Income-Tax Officer and 2 others | Disposed |
To see the full case history of Edgeverve Systems Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Edgeverve Systems Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Modus Information Systems Private Limited |
To see the full MSME payment records of Edgeverve Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Edgeverve Systems Limited has a workforce of 2,644 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Edgeverve Systems has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE6300K1ZN | Karnataka | Active | 01 Jul 2017 |
| 29AADCE6300K8ZG | Karnataka | Active | 13 Jul 2017 |
| 06AADCE6300K1ZV | Haryana | Active | 01 Jul 2017 |
| 27AADCE6300K1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Edgeverve Systems Limited, buy the company report.
Recent activity
Edgeverve Systems Limited has 35 board changes on record since 2014: 8 appointments and 27 cessations. The latest: Sumit Virmani ceased to be Additional Director on 20 Jul 2025.
26 earlier events are in the company report.
News
Frequently asked questions
Edgeverve Systems is an active public limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 14 February 2014 (12+ years old) and is registered under CIN U72200KA2014PLC073660.
Edgeverve Systems has 8 current directors and KMP:
- Sateesh Seetharamiah - Whole-Time Director
- Sajit Vijayakumar - Whole-Time Director
- Karmesh Gul Vaswani - Director
- Martha Geiger King - Director
- Dennis Kantilal Gada - Director
- Inderpreet Sawhney - Director
- Sumit Virmani - Director
- Divakar Bhaskar - Company Secretary
The latest financial statements of Edgeverve Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Edgeverve Systems is 29AADCE6300K1ZN, registered in Karnataka. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 29AADCE6300K8ZG (Karnataka), 06AADCE6300K1ZV (Haryana), 27AADCE6300K1ZR (Maharashtra).
The CIN (Corporate Identification Number) of Edgeverve Systems is U72200KA2014PLC073660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Edgeverve Systems has 4 court cases on record: 4 filed by the company. 3 are pending.
Edgeverve Systems was incorporated on 14 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Edgeverve Systems has 3 deals on record (3 acquisitions); the latest was in December 2015.
The peers of Edgeverve Systems by revenue are Mastercard Technology Private Limited, Eaton Technologies Private Limited, Us Technology International Private Limited, Cgi Information Systems and Management Consultants Private Limited, Hitachi Digital Services India Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Sumit Virmani ceased to be Additional Director on 20 Jul 2025. Divakar Bhaskar was appointed as Company Secretary on 01 Apr 2025. Sumit Virmani was appointed as Director on 01 Sep 2024. Edgeverve Systems has 35 board changes on record in total.
Edgeverve Systems has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 24 May 2019.
Edgeverve Systems can be reached through the website edgeverve.com. Its registered office is in Bangalore, Karnataka, India.
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