About Goldman Sachs Services Private Limited
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Goldman Sachs Services Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Goldman Sachs International Service Entities Holdings Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72400KA2003PTC032606. Its GSTIN is 29AACCG2435N1ZC (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹134.2 Cr and a paid-up capital of ₹19.03 Cr. It was formerly known as Gs Services Private Limited. It is led by directors including Sivasubramanian Balaji (Whole-Time Director) and Sathiyanarayanan Padmanaban (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Helios Business Park 150 Outer Ring Road Kadubeesanahalli, Bengaluru, Karnataka, India – 560103.
As per the financials filed for FY 2025, the company reported a revenue of ₹7,713.25 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹878.65 Cr (net margin 11.4%) and EBITDA of ₹1,751.46 Cr (EBITDA margin 22.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 14% over five years.
The company has about 8,132 employees on its provident fund (EPFO) records.
Court records list 38 cases involving the company, including 11 filed by the company and 26 filed against it; 11 cases are pending. The company has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹417.11 Cr; the latest was in November 2021. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Gujarat Narmada Valley Fertilizers & Chemicals Limited with revenue of ₹8,393.42 Cr. The company has 18 MSME Form 1 returns on record between 2019 and 2024, listing 1,689 overdue payments to 59 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldmansachs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHelios Business Park 150 Outer Ring Road Kadubeesanahalli, Bengaluru, Karnataka, India – 560103
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Goldman Sachs Services Private Limited
The main business activity of Goldman Sachs Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Goldman Sachs Services Private Limited FY 2024 filings available
Goldman Sachs Services Private Limited reported revenue of ₹7,713.25 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Goldman Sachs Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 11% growth in the latest year. EBITDA rose 5% 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 of Goldman Sachs Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1,751.46 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹878.65 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Goldman Sachs Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Goldman Sachs Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gujarat Narmada Valley Fertilizers & Chemicals Limited Listed | ₹8,393.42 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Gujarat, India |
| Herbalife International India Private Limited | ₹8,302.3 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Morgan Stanley Advantage Services Private Limited | ₹8,128.65 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Firstsource Solutions Limited Listed | ₹7,979.45 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| Standard Chartered Global Business Services Private Limited | ₹7,811.28 Cr (FY 2023) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Goldman Sachs Services Private Limited this company | ₹7,713.25 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bengaluru, Karnataka, India |
| Infinite Computer Solutions (India) Limited | ₹7,454.41 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Gurugram, Haryana, India |
| Oracle Financial Services Software Limited Listed | ₹7,151 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Tech Data Advanced Private Limited | ₹7,101.27 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Teleperformance Global Business Private Limited | ₹6,667.53 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Google India Private Limited | ₹6,115.9 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Goldman Sachs Services by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited is audited by Price Waterhouse &Co Bangalore LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse &Co Bangalore LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Goldman Sachs Services Private Limited
Goldman Sachs Services has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivasubramanian Balaji | Whole-Time Director | 20 Mar 2019 | 7 Years 6 Months | Current |
| Chaitra Purushotham | Director | 15 Jul 2021 | 5 Years 3 Months | Current |
| Sathiyanarayanan Padmanaban | Whole-Time Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Deepika Banerjee | Whole-Time Director | 24 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of Goldman Sachs Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹417.11 Cr; the latest was in November 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Goldman Sachs Private Equity Seller: Goldman Sachs (Mauritius) NBFC LLC |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Goldman Sachs International Services Entities Holding Limited Seller: Goldman Sachs Public Market Fund |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: Goldman Sachs Public Market Fund Seller: Goldman Sachs (Mauritius) NBFC LLC |
| Oct 2014 | Secondary share transfer | Undisclosed | Seller: Goldman Sachs Public Market Fund, Goldman Sachs (Mauritius) NBFC LLC |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Goldman Sachs Public Market Fund Seller: Vintage Ground (Mauritius) Limited |
Full deal history
All 13 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited has 38 court cases on record: 11 filed by Goldman Sachs Services, 26 filed against it, 1 where it is another party. 11 cases are pending and 27 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 17 | 7 |
| Supreme Court | 7 | 7 | 4 |
| District courts | 4 | 2 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by Regional PF Commissioner | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner of Income-Tax | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR Commissioner F Income Tax - 2 | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner of Income Tax | Pending |
Full case history
All 38 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited has 18 MSME Form 1 returns on record between 2019 and 2024, listing 1,689 overdue payments to 59 micro and small suppliers. 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 (5 of 59)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| BCP Associates LLP | •••• | •••• | •••• |
| CWC Services (OPC) Private Limited | •••• | •••• | •••• |
| Srinivasa Road Transport Private Limited | •••• | •••• | •••• |
| Randstad Enterprise Private Limited | •••• | •••• | •••• |
| Hirepro Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 18 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited has a workforce of 8,132 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Goldman Sachs Services Private Limited
Goldman Sachs Services Private Limited has 20 board changes on record since 2008: 4 appointments and 16 cessations. The latest: Deepika Banerjee ceased to be Additional Director on 25 Sep 2024.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Goldman Sachs Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Goldman Sachs Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Goldman Sachs Services Private Limited
Goldman Sachs Services has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCG2435N1ZC | Karnataka | Active | 01 Jul 2017 |
| 29AACCG2435N2ZB | Karnataka | Active | 19 Mar 2025 |
| 36AACCG2435N1ZH | Telangana | Active | 22 Jan 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Goldman Sachs Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Goldman Sachs Services Private Limited
Frequently Asked Questions about Goldman Sachs Services Private Limited
Goldman Sachs Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 September 2003 (23+ years old) and is registered under CIN U72400KA2003PTC032606.
Goldman Sachs Services reported revenue of ₹7,713.25 Cr for FY 2025 (up 11% YoY).
Goldman Sachs Services has 4 current directors:
- Sivasubramanian Balaji - Whole-Time Director
- Sathiyanarayanan Padmanaban - Whole-Time Director
- Deepika Banerjee - Whole-Time Director
- Chaitra Purushotham - Director
Goldman Sachs Services reported a net profit of ₹878.65 Cr (net margin 11.4%) and EBITDA of ₹1,751.46 Cr (EBITDA margin 22.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Goldman Sachs Services is 11% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Goldman Sachs Services is 29AACCG2435N1ZC, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AACCG2435N2ZB (Karnataka), 36AACCG2435N1ZH (Telangana).
The CIN (Corporate Identification Number) of Goldman Sachs Services is U72400KA2003PTC032606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldman Sachs Services has 38 court cases on record: 11 filed by the company and 26 filed against it. 11 are pending. Most are in the high courts.
Goldman Sachs Services was incorporated on 19 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Goldman Sachs Services has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹417.11 Cr; the latest was in November 2021.
The peers of Goldman Sachs Services by revenue are Gujarat Narmada Valley Fertilizers & Chemicals Limited, Herbalife International India Private Limited, Morgan Stanley Advantage Services Private Limited, Firstsource Solutions Limited, Standard Chartered Global Business Services Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Deepika Banerjee ceased to be Additional Director on 25 Sep 2024. Sathiyanarayanan Padmanaban ceased to be Additional Director on 25 Sep 2024. Deepika Banerjee was appointed as Whole-Time Director on 24 Sep 2024. Goldman Sachs Services has 20 board changes on record in total.