About Openbet India Private Limited
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Openbet India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Openbet Limited. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2021FTC155546. Its GSTIN is 29AADCO6538M1ZT (Karnataka).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹5 Lakh. It is led by directors Alexander Lancaster Ambrose and Ravi Raman.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Level 5 Innovator Block International Tech, Park Bangalore Whitefield Road, Karnataka, India – 560066.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.38 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹4.41 Cr (net margin 10.4%) and EBITDA of ₹7.74 Cr (EBITDA margin 18.3%). Revenue has grown at a compounded annual rate (CAGR) of 120% over three years.
The company has about 86 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website openbet.com.
Company details
Contact details
Openbet India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressLevel 5 Innovator Block International Tech, Park Bangalore Whitefield Road, Karnataka, India – 560066
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Openbet India Private 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
Business activity
The main business activity of Openbet India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Openbet India Private Limited, buy the company report.
Financials of Openbet India Private Limited
FY 2025 filings availableOpenbet India Private Limited reported revenue of ₹42.38 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 120% over three years, including 10% growth in the latest year. EBITDA rose 11% 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 |
|---|---|---|---|---|
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| EBITDA | ₹7.74 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.41 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 18.3% | |||
| Net Profit Margin | 10.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Openbet India Private Limited, buy the company report.
Board of directors of Openbet India Private Limited
Openbet India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alexander Lancaster Ambrose | Director | 14 Dec 2021 | 4 Years 10 Months | Current |
| Ravi Raman | Director | 13 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Openbet India Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Solarcare (India) Private Limited | ₹42.6 Cr (FY 2025) | -29.0% | Udumalpet, Tamil Nadu, India | |||
| Pioneer Xenergy Private Limited | ₹42.55 Cr (FY 2025) | -24.0% | Sivakasi, Tamil Nadu, India | |||
| Global Health Strategies Emerging Economies Private Limited | ₹42.42 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Openbet India Private Limitedthis company | ₹42.38 Cr (FY 2025) | ₹4.41 Cr | 10.4% | 10.0% | 86 | Bangalore, Karnataka, India |
| Sadbhav Renewable Limited | ₹42.37 Cr (FY 2025) | 255.0% | Raipur, Chhattisgarh, India | |||
| International Aesthetics Private Limited | ₹42.28 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Empower Manpower Solutions Private Limited | ₹42.23 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Xeliumtech Solutions Private Limited | ₹42.22 Cr (FY 2025) | 31.0% | Gurgaon, Haryana, India | |||
| SMS Labs Services Private Limited | ₹42.08 Cr (FY 2025) | 11.0% | Thiruvallur, Tamil Nadu, India |
To see the full peer comparison of Openbet India Private Limited, buy the company report.
Auditor
Openbet India Private Limited is audited by S.N. Dhawan & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & Co LLP | FY 2023 | 000050N/N500045 |
Shareholding
The shareholding of Openbet India Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Openbet India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Openbet India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Openbet India Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments 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 |
|---|---|---|---|
| Greytip Software Private Limited |
To see the full MSME payment records of Openbet India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Openbet India Private Limited has a workforce of 86 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 86 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Openbet India Private Limited, buy the company report.
GST
Openbet India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCO6538M1ZT | Karnataka | Active | 11 Feb 2022 |
To see the full GST registrations and return filing status of Openbet India Private Limited, buy the company report.
Recent activity
Openbet India Private Limited has 5 board changes on record since 2021: 3 appointments and 2 cessations. The latest: Ravi Raman ceased to be Additional Director on 25 Sep 2025.
News
Frequently asked questions
Openbet India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 December 2021 (5+ years old) and is registered under CIN U72200KA2021FTC155546.
Openbet India has 2 current directors:
- Alexander Lancaster Ambrose - Director
- Ravi Raman - Director
The latest financial statements of Openbet India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Openbet India is 29AADCO6538M1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Openbet India is U72200KA2021FTC155546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Openbet India was incorporated on 14 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Openbet India by revenue are Solarcare (India) Private Limited, Pioneer Xenergy Private Limited, Global Health Strategies Emerging Economies Private Limited, Sadbhav Renewable Limited, International Aesthetics Private Limited and 3 more, all in the same principal business activity (other professional, scientific and technical activities).
Ravi Raman ceased to be Additional Director on 25 Sep 2025. Ravi Raman was appointed as Director on 13 Dec 2024. Sangameswaran Vishwanath ceased to be Director on 13 Dec 2024. Openbet India has 5 board changes on record in total.
Openbet India has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 23 Aug 2023.
Openbet India can be reached through the website openbet.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Openbet India is at Level 5 Innovator Block International Tech, Park Bangalore Whitefield Road, Karnataka, India – 560066.
Openbet India operates in the information technology industry, in the IT consulting and support services segment.
Sample company reports
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